Bitcoin and Economy - page 14. | Bitcointalksearch.org

Bakemat

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Quote from: cahbagus555 on June 21, 2018, 12:47:14 AM

Quote from: costanos02 on May 31, 2018, 05:01:46 AM

We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.

I think peoples still paying taxes to their government. If peoples buying goods with cryptocurrency, we know that goods already put VAT and thats means we paying taxes from our transaction.

In my own opinion, bitcoins can actually improve the economy of a country if the government will just allow cryptocurrency on their country, just like what japan is doing right now in their own country.

Keyboard PC

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bitcoin and the economy have not been able to walk together, because I see bitcoin has not had a very high trading volume that makes bitcoin very difficult to affect the existing economic conditions.

DOLONCHAPA

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Bitcoin is virtual coin. The world is now moving to virtual and every international marketplace going to be dependent on bitcoins. Clients and workers use bitcoins for paying and buying. So I think there will be more people using bitcoin in the recent future .So bitcoin and economy are interrelated. So government will have some measures, perhaps first to tax the exchange, and then tax your encrypted money purse. So it should be exchange within a rules and regulations of economy

Philcris

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bitcoin is part of economy bitcoin is a money that can help to lead you to a bright future.

detector

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★

When my government notice about bitcoin, they won't legalize it because bitcoin is just like another investment tool ( risky investment )

But AFAIK, if government decide to legalize bitcoin, they have right to apply tax on btc or not because it's become their policy !

ekalak manjeng

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but for me both need us and needed by us because we run bitcoin to make money and money from bitcoin to help our economy.

scoin9

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When this happens and Bitcoin becomes used or adopted by alot of people government would devise a means to collect tax since tax fuels a huge section of advanced economies. I am seriously looking forward to the period when 80% of the population uses Bitcoin.

marcous

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Leading Crypto Sports Betting & Casino Platform

if bitcoin has been legalized the possibility of every individual involved in cryptocurrency will be taxed, and if so, then bitcoin price will soar I guess. And bitcoin have made financially better changes

cahbagus555

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Quote from: costanos02 on May 31, 2018, 05:01:46 AM

We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.

I think peoples still paying taxes to their government. If peoples buying goods with cryptocurrency, we know that goods already put VAT and thats means we paying taxes from our transaction.

pendekar cinta

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If the rapid development of bitcoin is very possible for someone to try to invest in it so that their economies can be helped by the results trade and the country can progress further if the population live prosperously without unemployment.

waqasniaz007

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Quote from: costanos02 on May 31, 2018, 05:01:46 AM

We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.

In most cases governments are unable to collect taxes through bitcoin but if 80% of citizens depend on cryptocurreny than governments will also try to find ways of getting taxes bit this is not the case right now.

Eijrafarm

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Quote from: rimueng agam on June 20, 2018, 02:40:26 PM

If I think bitcoin and economy have a link because with there bitcoin so can improve the economy of society because with this bitcoin people can earn enough income so that become a prosperous life in economic side with prosperous society hence country will go forward.

Yes, I agree with you mate. We know that bitcoin has a role and has the capability to improve an economy. It gives alot of profit for those large company's or investor who invest on it.

rimueng agam

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If I think bitcoin and economy have a link because with there bitcoin so can improve the economy of society because with this bitcoin people can earn enough income so that become a prosperous life in economic side with prosperous society hence country will go forward.

BitcoinMarketer39

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ADABsSsSsSsSSSsS

Quote from: costanos02 on May 31, 2018, 05:01:46 AM

We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.

Its fine if most of the people will be using cryptocurrency in order to sustain their daily needs because in this way they will be having a financial freedom, if all the people will be using cryptocurrency in their country then there is a huge chance that the price of bitcoins might increase even more and every people who are holding bitcoins will be wealthy.

dominional

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bitcoin has a great effect on economy because peolple that are earning from bitcoin are affecting economy with what they are making from the bitcoin and they are using it to train children build house and buy good cars. the earning from bitcoin has good effect on the economy.

s.mahmood

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This is correct that a country economicaly develop when it's citizens pay the tex to the government. If 80% peoples of acountry involve into bitcoin the cuontry economy will increase but more increase when they pay tex.It is possible if government recognized bitcoin.

developer101dev

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Quote from: costanos02 on May 31, 2018, 05:01:46 AM

We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.

There is a huge chance that their funds will be decreasing and that is the reason why other governments are afraid of cryptocurrency growth but still it helps different people to have a wealthy life and its not a bad thing for people who does not have a decent income to sustain their daily needs.

endut15

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Quote from: no0dlepunk on June 20, 2018, 07:31:41 AM

Quote from: costanos02 on May 31, 2018, 05:01:46 AM

We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.

That is what this is all about. Sooner, when people are already using crypto in a regular transaction, the government can't do anything about it but to forbid the usage. Just like what they did to cocaine and marijuana. Such losers. ha ha!

even if the government can be involved in the world of crypto, certainly the government will sooner or later still apply the tax in the world of crypto. because in accordance with the provisions of the state that all of it will be taxable.

dominional

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bitcoin has a great effect on economy because peolple that are earning from bitcoin are affecting economy with what they are making from the bitcoin and they are using it to train children build house and buy good cars. the earning from bitcoin has good effect on the economy.

crazymelons12

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The probability of 80 percent is a very huge number. If it should happen bitcoin could have been totally mined at that time. I don't know what might happen to its value but one thing is certain, Taxes are still paid indirectly. I could say this will be happening because for sure business establishment will be taking part in this development and stores will be opened with bitcoin as payments. Though no taxes are paid directly but the products are taxed thus when you buy you are paying taxes indirectly.

Topic: Bitcoin and Economy - page 14. (Read 3003 times)