Bitcoin is a tax

[freightjoe]

Bitcoin is just like any casino or lottery - it is a tax on stupid people who fundamentally do not understand that this is a game they will lose. It is tax on low intelligence.

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[ahmadakbari]

Bitcoin is just like any casino or lottery - it is a tax on stupid people who fundamentally do not understand that this is a game they will lose. It is tax on low intelligence.

What are doing here among the stupid community? You are a member in this forum from August, 2017 and you have made 573 posts. I cannot understand why you are wasting your time.
Wish you knew how the bitcoin can be useful in near future and how much money have some people earned and how much they are earning.

[dipok07]

Bitcoin is not a currency issued by any country. So, why tax will come? It is entirely outside the control of the government.

[DooMAD]

it is a tax on stupid people who fundamentally do not understand that this is a game they will lose.

To me, that description sounds more like hyperinflation and endless quantitative easing.  No winners to be found there, with the notable exception of the banks, maybe.  

We've simply elected to play a different game.  One that isn't possible to lose unless everyone who is currently playing decided to forfeit the game.  Which doesn't seem likely.  

But you can play whichever game you like.  I'm enjoying this one immensely.

[freightjoe]

Bitcoin is just like any casino or lottery - it is a tax on stupid people who fundamentally do not understand that this is a game they will lose. It is tax on low intelligence.

What are doing here among the stupid community? You are a member in this forum from August, 2017 and you have made 573 posts. I cannot understand why you are wasting your time
Wish you knew how the bitcoin can be useful in near future and how much money have some people earned and how much they are earning.

Casino owners also earn a lot of money - just like people behind crypto exchanges as ell as miners are making a lot of money. But the "investors" are like the gamblers. A few are lucky, just like the guy who wins at the slotmachine, but the vast vast majority will come out of this as losers.

[eduvacation.net]

If in a country imposes a tax on bitcoin then those users must submit their identity to the government to know how much taxes they have to pay for each transaction. This is in contrast to a decentralized system that is applied bitcoin with blockchain technology where no one party can control and control bitcoin. Bitcoin users, in essence, they join bitcoin because they are already saturated with some unreasonable payments from conventional transaction systems.

[Marileno]

Bitcoin is just like any casino or lottery - it is a tax on stupid people who fundamentally do not understand that this is a game they will lose. It is tax on low intelligence.

This is a silly post.

Not everyone is trying to day trade their way to a million coins. Most people involved with BTC are investing for the long term. Or work in BTC related endeavours which actually earns them BTC.

[freightjoe]

Bitcoin is not a currency issued by any country. So, why tax will come? It is entirely outside the control of the government.

Thank you for proving my point

[freightjoe]

If in a country imposes a tax on bitcoin then those users must submit their identity to the government to know how much taxes they have to pay for each transaction. This is in contrast to a decentralized system that is applied bitcoin with blockchain technology where no one party can control and control bitcoin. Bitcoin users, in essence, they join bitcoin because they are already saturated with some unreasonable payments from conventional transaction systems.

And also thank you to you for proving my point

[Kokondao]

Your opinion is very bad, bitcoin has nothing to do with what you mean, bitcoin is purely trading or as a transaction tool.

[DooMAD]

Casino owners also earn a lot of money - just like people behind crypto exchanges as ell as miners are making a lot of money. But the "investors" are like the gamblers. A few are lucky, just like the guy who wins at the slotmachine, but the vast vast majority will come out of this as losers.

Then by all means make the argument that exchanges are a stupid-people tax.  Or that gambling in general is a stupid-people tax.  You could even argue that the vast majority of ICOs are a stupid-people tax.  But that's not what your thread title says, so it looks like you're making the wrong argument.  

Exchanges != Bitcoin.

Two parties can transact peer to peer without introducing any third party middlemen to take a cut.  That's how Bitcoin was designed to be used.  If your primary motive in using bitcoin is to speculate (gamble) for an increased quantity of fiat, then sure, there are lots of risks and you could easily lose.  But that's not the real purpose of Bitcoin.  If you aren't using it in the way it was intended, who's really the stupid one?

[spiker777]

"Bitcoin is a tax on stupidity", the fact that even wrote such a ridiculous sentence clearly demonstrates that you are the stupid one.

Bitcoin isn't a tax at all, it isn't collected by the government to pay for public services, it isn't forcibly charged to country residents. Bitcoin includes a mining fee yes, but that is a fee rather than a tax, and it is optional technically, but due to supply and demand, you better pay that fee if you want your transaction confirmed quickly.

[ajqjjj]

Bitcoin is just like any casino or lottery - it is a tax on stupid people who fundamentally do not understand that this is a game they will lose. It is tax on low intelligence.

What are doing here among the stupid community? You are a member in this forum from August, 2017 and you have made 573 posts. I cannot understand why you are wasting your time
Wish you knew how the bitcoin can be useful in near future and how much money have some people earned and how much they are earning.

Casino owners also earn a lot of money - just like people behind crypto exchanges as ell as miners are making a lot of money. But the "investors" are like the gamblers. A few are lucky, just like the guy who wins at the slotmachine, but the vast vast majority will come out of this as losers.

All the investors are earn some Bitcoin but some beginners are blankly invest in shit coins. It is major fault in Crypto platform. So we are not the responsible of shit investment. All the investors are not a gambler only day traders are the gambler in this platform.

[Virtual miner]

it is a tax on stupid people who fundamentally do not understand that this is a game they will lose.

To me, that description sounds more like hyperinflation and endless quantitative easing.  No winners to be found there, with the notable exception of the banks, maybe.  

We've simply elected to play a different game.  One that isn't possible to lose unless everyone who is currently playing decided to forfeit the game.  Which doesn't seem likely.  

But you can play whichever game you like.  I'm enjoying this one immensely.

Dude, then we are sailing in the same boat. Even I feel the same. I enjoy this game and I shall never ever want to quit this game for the fear of losing.

And for some obvious reasons, Bitcoin has remained successful in holding us back to this community, our very own Crypto market. It is very often that I come across views like these that is being quoted in this thread. But that's cool everybody's got their own views and they are likely to be contradictory.

[freightjoe]

"Bitcoin is a tax on stupidity", the fact that even wrote such a ridiculous sentence clearly demonstrates that you are the stupid one.

Bitcoin isn't a tax at all, it isn't collected by the government to pay for public services, it isn't forcibly charged to country residents. Bitcoin includes a mining fee yes, but that is a fee rather than a tax, and it is optional technically, but due to supply and demand, you better pay that fee if you want your transaction confirmed quickly.

Thank you for proving my point

[HeRetiK]

Bitcoin is just like any casino or lottery - it is a tax on stupid people who fundamentally do not understand that this is a game they will lose. It is tax on low intelligence.

What are doing here among the stupid community? You are a member in this forum from August, 2017 and you have made 573 posts. I cannot understand why you are wasting your time
Wish you knew how the bitcoin can be useful in near future and how much money have some people earned and how much they are earning.

Casino owners also earn a lot of money - just like people behind crypto exchanges as ell as miners are making a lot of money. But the "investors" are like the gamblers. A few are lucky, just like the guy who wins at the slotmachine, but the vast vast majority will come out of this as losers.

Not everything that involves risk is automatically a casino. If everyone would follow this mindset humanity would still forage and hunt. Not necessarily a bad thing, mind you. But I've heard there's this thing called fire that some of the tribes are using to keep warm and cook their meat. Surely they must be crazy to take such a gamble.

Risk taking is part of what drives mankind forward. With every new innovation its inventor and society is taking a gamble on whether it will improve their lives.

What's your opinion on the stock market? Founding a company? Technological progress?

[bitfocus]

first of all, bitcoin is not a tax or anything for stupid people, rather, bitcoin is a good investment if you have enough patience and can use only your extra bucks, no mortgage or credit cards. then comes the second thing, bitcoin is a taxable income and investment. and final thing is, please use your precious time on something you really like or love - that will help you to be successful, please stop wasting your valuable time with "Stupid People" like us.

[jason.romano]

Such a stupid thought! Bitcoin doesn't have taxation process as government doesn't have any intervention to bitcoin. Bitcoin is an independent decentralised coin which works peer to peer. Beforing spreading negetivity, have some knowlegde about it.

[Irwandho]

"Bitcoin is a tax on stupidity", the fact that even wrote such a ridiculous sentence clearly demonstrates that you are the stupid one.

Bitcoin isn't a tax at all, it isn't collected by the government to pay for public services, it isn't forcibly charged to country residents. Bitcoin includes a mining fee yes, but that is a fee rather than a tax, and it is optional technically, but due to supply and demand, you better pay that fee if you want your transaction confirmed quickly.

My opinion of bitcoin is pure trading or as a means of transaction and not a tax levy

[iconternal]

Your comparison is so unreasonable, a casino is a gambling place where bitcoin plunges into good trade and investment, I think you misunderstand.