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Author Topic: Is it illegal for me to sell my Bitcoins?  (Read 26833 times)
darety1
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October 16, 2016, 12:57:31 PM
 #181

It's not a right choice to sell bitcoins, but is not illegal though.
I'm buying bitcoins and I'm waiting till the price grows. It can be higher price, I'm sure.
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October 16, 2016, 02:38:56 PM
 #182

You could do anything you want, the government didn't patent the source code for Bitcoin.

 
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darety1
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October 16, 2016, 02:47:47 PM
 #183

You could do anything you want, the government didn't patent the source code for Bitcoin.
Would the government do that someday or not?
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October 18, 2016, 07:49:50 AM
 #184

It's not a right choice to sell bitcoins, but is not illegal though.
I'm buying bitcoins and I'm waiting till the price grows. It can be higher price, I'm sure.
but i think it depend on the need of the person, if i need money in real life mean in fiat and i have only choice to sell my bitcoin then i will certainly sell i think there is nothing wrong in it.
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October 18, 2016, 01:30:24 PM
 #185

In fact the use of bitcoin is banned in some countries but I think selling bitcoin excluding illegal action because there is no legal binding that if you sell or buy a bitcoin will be in prison.

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October 18, 2016, 10:05:53 PM
 #186

i think it depend on our state policiy if you state allow you to buy or sell bitcoin then it is legal for you, but if your state does not allow you then it is really illegal for you.
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October 19, 2016, 02:38:32 AM
 #187

It is upto which country you are staying, because each and every country have their own law for bitcoins, in my country still bitcoin is not legal or illegal, so we dont give any information. or we say it as short term profit.
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October 19, 2016, 03:13:27 AM
 #188

i think if your government don't make any statement about bitcoin then its not illegal to sell your bitcoin as long as you don't steal that bitcoin, and you can do that with localbitcoin and the best is you don't have to pay tax.

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Maesters1-
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October 19, 2016, 04:46:12 AM
 #189

It's not a right choice to sell bitcoins, but is not illegal though.
I'm buying bitcoins and I'm waiting till the price grows. It can be higher price, I'm sure.
yes if one can bare to hold their bitcoin and not feeling the need to change it into fiat currency then he can really hold it, but as i have invested most of my assets in bitcoin so when ever i feel then need i use to change my bitcoin in to fiat currency and use it for completing my needs.
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October 19, 2016, 04:52:52 PM
 #190

You could do anything you want, the government didn't patent the source code for Bitcoin.
yes that is a fact that as most of the states yet given no statement about bitcoin therefore they are not interested in bitcoin users either to stop them from using it or let them continue using bitcoins.
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October 20, 2016, 06:52:18 PM
 #191

if you live in my country, it is certainly illegal to buy or sell bitcoin. The government does not accept bitcoin in any purposes including buying, selling, trading, etc. That mean if they figure out you are selling bitcoin, you will be arrested according to the laws. So be careful when you try to do any activities with bitcoin here.
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October 20, 2016, 06:59:49 PM
 #192

if you live in my country, it is certainly illegal to buy or sell bitcoin. The government does not accept bitcoin in any purposes including buying, selling, trading, etc. That mean if they figure out you are selling bitcoin, you will be arrested according to the laws. So be careful when you try to do any activities with bitcoin here.
Whats Your place can share it with us where do you leave honestly here in my country still done give some announcement about bitcoin can be illegal here. and i think bitcoin is legal here because there is company locally here that you found near to us that we can exchagne our bitcoin into fiat in their website.. Such a good company for me for few months of use i am satisfied with their service and time i can buy or sell bitcoins in their website.. or i can deal to someone near to me but honestly bitcoin is not so popular and few users of bitcoin in my place that i still didnt saw them



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October 20, 2016, 09:16:03 PM
 #193

You could do anything you want, the government didn't patent the source code for Bitcoin.
yes that is a fact that as most of the states yet given no statement about bitcoin therefore they are not interested in bitcoin users either to stop them from using it or let them continue using bitcoins.
but i think know governments have starting some serious thinking about bitcoin and hope that very soon we are going to hear that our state has consider bitcoin as a legal currency.
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October 22, 2016, 04:54:17 AM
 #194

In fact the use of bitcoin is banned in some countries but I think selling bitcoin excluding illegal action because there is no legal binding that if you sell or buy a bitcoin will be in prison.
can you mention the names of the countries where bitcoin is banned? and if their users are using it they put them in prison? and the second is that do you know about any one happening when any government arrest a person for using bitcoin illegally? for me i think i never hear any official announcement that any country have banned the use of bitcoin. and never seen any person who has been charge by the government for using bitcoin.
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October 22, 2016, 05:17:23 AM
 #195

if you live in my country, it is certainly illegal to buy or sell bitcoin. The government does not accept bitcoin in any purposes including buying, selling, trading, etc. That mean if they figure out you are selling bitcoin, you will be arrested according to the laws. So be careful when you try to do any activities with bitcoin here.
Whats Your place can share it with us where do you leave honestly here in my country still done give some announcement about bitcoin can be illegal here. and i think bitcoin is legal here because there is company locally here that you found near to us that we can exchagne our bitcoin into fiat in their website.. Such a good company for me for few months of use i am satisfied with their service and time i can buy or sell bitcoins in their website.. or i can deal to someone near to me but honestly bitcoin is not so popular and few users of bitcoin in my place that i still didnt saw them
Hm. Perhaps he lives in South East Asia or some countries in Africa. Those places does not like bitcoin at all. They believe that bitcoin may cause several damage to the government including economy corruption, country's Fiat system. It is hard to buy or sell bitcoin here and trust me, you do not want to be born here

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October 22, 2016, 11:58:46 AM
 #196

The use or Bitcoin is legal in most jurisdictions of the world. Unless you end up using it for some totally illegal purpose, you won't be in trouble. Just make sure to mention it when filing a yearly tax return.
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October 22, 2016, 01:45:14 PM
 #197

Purely hypothetical scenario that would never happen to someone like you or me:
1 )
...
9 )

Sounds a little bit worse than communist Czech Republic of the 70ies, where my parents had the decency to flee from - together with their child. Of course the Czech Republic had also better medical care in the 70ies than Colorado has today, but that's just as an aside.

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October 22, 2016, 03:00:28 PM
 #198

Purely hypothetical scenario that would never happen to someone like you or me:
1 )
...
9 )

Sounds a little bit worse than communist Czech Republic of the 70ies, where my parents had the decency to flee from - together with their child. Of course the Czech Republic had also better medical care in the 70ies than Colorado has today, but that's just as an aside.

Rico


Murricans teach their children about how oppressive the British soldiers were during the fight for independence in 1770's. Taxation without representation was a rallying cry for the starving colonists.

The murrica of today is ten times more oppressive to its people than the brits were in the 1770's and unauthorized/unwelcome taxes are commonplace.

Example one:

Then:  

The Boston Massacre, known as the Incident on King Street by the British, happened on March 5, 1770, in which British Army soldiers killed five male civilians and injured six others.

Now:

The Kent State massacre occurred at Kent State University in Kent, Ohio, in the United States and involved the shooting of unarmed college students by the Ohio National Guard on Monday, May 4, 1970. The guardsmen fired 67 rounds over a period of 13 seconds, killing four students and wounding nine others, one of whom suffered permanent paralysis.

Example two:

Then:

No Taxation Without Representation" is a slogan originating during the 1750s and 1760s that summarized a primary grievance of the American colonists in the Thirteen Colonies, which was one of the major causes of the American Revolution. In short, many in those colonies believed that, as they were not directly represented in the distant British Parliament, any laws it passed affecting the colonists (such as the Sugar Act and the Stamp Act) were illegal under the Bill of Rights 1689, and were a denial of their rights as Englishmen.

Now:

In 2014, Burton Wagner was arrested without any crime being committed. His house ransacked and family torn apart in fear while he was dragged off to jail while government militia members stole all his money. They refused to release him from prison without his agreement that they could keep a large block of his money. That sounds a hell of a lot like government taxation without representation to me.

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October 22, 2016, 05:33:49 PM
 #199

Now:

In 2014, Burton Wagner was arrested without any crime being committed. His house ransacked and family torn apart in fear while he was dragged off to jail while government militia members stole all his money. They refused to release him from prison without his agreement that they could keep a large block of his money. That sounds a hell of a lot like government taxation without representation to me.

That's why I brought up the communist CZ of the 70ies. I can remember my parents telling me about the life situation. The status of "property". Like they simply could not be sure, some official would show up the other day and confiscate the car or anything else.

https://www.youtube.com/watch?v=3kEpZWGgJks

sounds like 1:1 - and I mean that without any exaggeration. None needed.


Rico

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October 22, 2016, 05:36:19 PM
 #200

Oh no,i never heard some thing like that and even you are making me feel scary because i regularily sell bitcoins,but seriously i dont think its illegal and anybody can be arrested for that.If that was illegal then how the bitcoin exchanges are running,government will ban them firstly if that was illegal.
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