Bitcoin is Becoming a Global Currency - page 96.

mirakal

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Quote from: deisik on August 17, 2016, 10:42:02 AM

Quote from: Zaducis on August 17, 2016, 02:58:04 AM

Quote from: mirakal on August 17, 2016, 02:01:00 AM

Quote from: blackmachinegun on August 16, 2016, 06:32:31 PM

Quote from: chaosknight on August 06, 2016, 06:38:04 PM

Quote from: blackmachinegun on August 06, 2016, 06:33:04 PM

Quote from: risatrakib on August 02, 2016, 05:29:43 AM

In a few years bitcoin will be the most popular currency in the world

I think it would sound impossible. in this world there are a lot of currencies of different countries with huge potential. bitcoin currency is small with a few users? I'm not sure a few more years bitcoin will become a global currency. unless someday bitcoin have users who reach the entire human

Bitcoin will be used by many people in future but it doesn't make it as an global currency as the usage of bitcoin is limited and most of the population is not aware about bitcoin yet.

I think that might happen? no one can predict correctly in the future. people have said that it is impossible bitcoin could touch $ 1,000 but bitcoin can do. and now there may be a lot of people who say that it is impossible to become a global currency bitcoin? but we will not know what will happen in the future

Both that you have mentioned have happen already, we have reach the price of more than $1,000 few years back and it is not impossible to happen again as we have already achieve that, and about global currency, I believe it is already a global currency as it is already known in the entire world and we are connecting with bitcoin.

The $1200 price achieved in late November 2013 does not count. That was a very big bubble and caused two years of bear market.

Evidently, it was a sprint with a false start run on juice, and Bitcoin got disqualified for two years. What we see now is allegedly clean performance...

But who knows for sure?

This time bitcoin's performance are more reliable because we have not seen any bubble nowadays, the recent price increase which makes the price to reach until $700+ was due to some real demand of supply and I think the price fall back to day is maybe some Chinese are pulling their investment due to superstitious belief every month of August.

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Quote from: Zaducis on August 17, 2016, 02:58:04 AM

Quote from: mirakal on August 17, 2016, 02:01:00 AM

Quote from: blackmachinegun on August 16, 2016, 06:32:31 PM

Quote from: chaosknight on August 06, 2016, 06:38:04 PM

Quote from: blackmachinegun on August 06, 2016, 06:33:04 PM

Quote from: risatrakib on August 02, 2016, 05:29:43 AM

In a few years bitcoin will be the most popular currency in the world

I think it would sound impossible. in this world there are a lot of currencies of different countries with huge potential. bitcoin currency is small with a few users? I'm not sure a few more years bitcoin will become a global currency. unless someday bitcoin have users who reach the entire human

Bitcoin will be used by many people in future but it doesn't make it as an global currency as the usage of bitcoin is limited and most of the population is not aware about bitcoin yet.

I think that might happen? no one can predict correctly in the future. people have said that it is impossible bitcoin could touch $ 1,000 but bitcoin can do. and now there may be a lot of people who say that it is impossible to become a global currency bitcoin? but we will not know what will happen in the future

Both that you have mentioned have happen already, we have reach the price of more than $1,000 few years back and it is not impossible to happen again as we have already achieve that, and about global currency, I believe it is already a global currency as it is already known in the entire world and we are connecting with bitcoin.

The $1200 price achieved in late November 2013 does not count. That was a very big bubble and caused two years of bear market.

Evidently, it was a sprint with a false start run on juice, and Bitcoin got disqualified for two years. What we see now is allegedly clean performance...

But who knows for sure?

wxa7115

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Bitcoin is GOD

Quote from: Zaducis on August 17, 2016, 02:58:04 AM

Quote from: mirakal on August 17, 2016, 02:01:00 AM

Quote from: blackmachinegun on August 16, 2016, 06:32:31 PM

Quote from: chaosknight on August 06, 2016, 06:38:04 PM

Quote from: blackmachinegun on August 06, 2016, 06:33:04 PM

Quote from: risatrakib on August 02, 2016, 05:29:43 AM

In a few years bitcoin will be the most popular currency in the world

I think it would sound impossible. in this world there are a lot of currencies of different countries with huge potential. bitcoin currency is small with a few users? I'm not sure a few more years bitcoin will become a global currency. unless someday bitcoin have users who reach the entire human

Bitcoin will be used by many people in future but it doesn't make it as an global currency as the usage of bitcoin is limited and most of the population is not aware about bitcoin yet.

I think that might happen? no one can predict correctly in the future. people have said that it is impossible bitcoin could touch $ 1,000 but bitcoin can do. and now there may be a lot of people who say that it is impossible to become a global currency bitcoin? but we will not know what will happen in the future

Both that you have mentioned have happen already, we have reach the price of more than $1,000 few years back and it is not impossible to happen again as we have already achieve that, and about global currency, I believe it is already a global currency as it is already known in the entire world and we are connecting with bitcoin.

The $1200 price achieved in late November 2013 does not count. That was a very big bubble and caused two years of bear market.

It’s true that it was a bubble but the fact that reached that price before makes very likely that at some point bitcoin will reach a stable 1k mark. Right now we are close to the 600 mark.

target

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Quote from: Zaducis on August 17, 2016, 02:58:04 AM

Quote from: mirakal on August 17, 2016, 02:01:00 AM

Quote from: blackmachinegun on August 16, 2016, 06:32:31 PM

Quote from: chaosknight on August 06, 2016, 06:38:04 PM

Quote from: blackmachinegun on August 06, 2016, 06:33:04 PM

Quote from: risatrakib on August 02, 2016, 05:29:43 AM

In a few years bitcoin will be the most popular currency in the world

I think it would sound impossible. in this world there are a lot of currencies of different countries with huge potential. bitcoin currency is small with a few users? I'm not sure a few more years bitcoin will become a global currency. unless someday bitcoin have users who reach the entire human

Bitcoin will be used by many people in future but it doesn't make it as an global currency as the usage of bitcoin is limited and most of the population is not aware about bitcoin yet.

I think that might happen? no one can predict correctly in the future. people have said that it is impossible bitcoin could touch $ 1,000 but bitcoin can do. and now there may be a lot of people who say that it is impossible to become a global currency bitcoin? but we will not know what will happen in the future

Both that you have mentioned have happen already, we have reach the price of more than $1,000 few years back and it is not impossible to happen again as we have already achieve that, and about global currency, I believe it is already a global currency as it is already known in the entire world and we are connecting with bitcoin.

The $1200 price achieved in late November 2013 does not count. That was a very big bubble and caused two years of bear market.

It could happen again in years to come.
Now that everyone wants every transactions to be done online, ecommerce sites and businesses would rather use crypto currencies and bitcoin of course will be in demand. People will buy btc and price will go up.

Zaducis

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Quote from: mirakal on August 17, 2016, 02:01:00 AM

Quote from: blackmachinegun on August 16, 2016, 06:32:31 PM

Quote from: chaosknight on August 06, 2016, 06:38:04 PM

Quote from: blackmachinegun on August 06, 2016, 06:33:04 PM

Quote from: risatrakib on August 02, 2016, 05:29:43 AM

In a few years bitcoin will be the most popular currency in the world

I think it would sound impossible. in this world there are a lot of currencies of different countries with huge potential. bitcoin currency is small with a few users? I'm not sure a few more years bitcoin will become a global currency. unless someday bitcoin have users who reach the entire human

Bitcoin will be used by many people in future but it doesn't make it as an global currency as the usage of bitcoin is limited and most of the population is not aware about bitcoin yet.

I think that might happen? no one can predict correctly in the future. people have said that it is impossible bitcoin could touch $ 1,000 but bitcoin can do. and now there may be a lot of people who say that it is impossible to become a global currency bitcoin? but we will not know what will happen in the future

Both that you have mentioned have happen already, we have reach the price of more than $1,000 few years back and it is not impossible to happen again as we have already achieve that, and about global currency, I believe it is already a global currency as it is already known in the entire world and we are connecting with bitcoin.

The $1200 price achieved in late November 2013 does not count. That was a very big bubble and caused two years of bear market.

mirakal

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Quote from: blackmachinegun on August 16, 2016, 06:32:31 PM

Quote from: chaosknight on August 06, 2016, 06:38:04 PM

Quote from: blackmachinegun on August 06, 2016, 06:33:04 PM

Quote from: risatrakib on August 02, 2016, 05:29:43 AM

In a few years bitcoin will be the most popular currency in the world

I think it would sound impossible. in this world there are a lot of currencies of different countries with huge potential. bitcoin currency is small with a few users? I'm not sure a few more years bitcoin will become a global currency. unless someday bitcoin have users who reach the entire human

Bitcoin will be used by many people in future but it doesn't make it as an global currency as the usage of bitcoin is limited and most of the population is not aware about bitcoin yet.

I think that might happen? no one can predict correctly in the future. people have said that it is impossible bitcoin could touch $ 1,000 but bitcoin can do. and now there may be a lot of people who say that it is impossible to become a global currency bitcoin? but we will not know what will happen in the future

Both that you have mentioned have happen already, we have reach the price of more than $1,000 few years back and it is not impossible to happen again as we have already achieve that, and about global currency, I believe it is already a global currency as it is already known in the entire world and we are connecting with bitcoin.

blackmachinegun

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Quote from: chaosknight on August 06, 2016, 06:38:04 PM

Quote from: blackmachinegun on August 06, 2016, 06:33:04 PM

Quote from: risatrakib on August 02, 2016, 05:29:43 AM

In a few years bitcoin will be the most popular currency in the world

I think it would sound impossible. in this world there are a lot of currencies of different countries with huge potential. bitcoin currency is small with a few users? I'm not sure a few more years bitcoin will become a global currency. unless someday bitcoin have users who reach the entire human

Bitcoin will be used by many people in future but it doesn't make it as an global currency as the usage of bitcoin is limited and most of the population is not aware about bitcoin yet.

I think that might happen? no one can predict correctly in the future. people have said that it is impossible bitcoin could touch $ 1,000 but bitcoin can do. and now there may be a lot of people who say that it is impossible to become a global currency bitcoin? but we will not know what will happen in the future

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Quote from: Zaducis on August 12, 2016, 12:59:00 PM

Quote from: bostiog1 on August 12, 2016, 08:40:48 AM

I think Bitcoin will soon worldwide, but with some more drastic restriction. And interest will decline slowly. In my opinion

I do not think so. It will take at least 5 to 10 years for the bitcoin to be a global currency. We need at least 10 million active users.

5 to 10 years is a very short estimate for a massive adoption to happen, actually right now I can say that it is already a global currency as wherever we are we can always use bitcoin as a currency as long as there is an internet in the area, banks are their that partners with the exchange sites in the area, so it would be easy for us to transact.

Zaducis

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Quote from: bostiog1 on August 12, 2016, 08:40:48 AM

I think Bitcoin will soon worldwide, but with some more drastic restriction. And interest will decline slowly. In my opinion

I do not think so. It will take at least 5 to 10 years for the bitcoin to be a global currency. We need at least 10 million active users.

bostiog1

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I think Bitcoin will soon worldwide, but with some more drastic restriction. And interest will decline slowly. In my opinion

deisik

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Quote from: randy8777 on August 12, 2016, 07:35:16 AM

Quote from: deisik on August 10, 2016, 07:47:38 AM

Quote from: catch.me.if.you.can on August 10, 2016, 05:35:25 AM

Bitcoin will never be a global currency because you can't tax it.

In most jurisdictions, governments don't need to tax Bitcoin specifically, you just calculate an income earned and pay an income tax based on these calculations. Whether you are going to include earnings from Bitcoin operations in the said calculations is another matter. But this in no case exempts you from the obligation of paying taxes on this kind of income...

If you get caught for tax evasion, you will be penalized as usual

if you play it well, then you can basically keep your income from trading bitcoin hidden from the government for a very long time. the main problem is that the government shouldn't be forcing an exchange to release information about you. because you'll surely get burned as the exchange can't deny the government and tell them to back off. that's also a reason for me to use btc-e as they don't require you to verify yourself in order to start trading there. it means that this exchange doesn't have any of my personal details

No one is arguing that Bitcoin is a "tax haven" of sorts. My point was totally different, though. Since it is considered as your obligation to faithfully report your income, you have to solve this moral dilemma for yourself...

That is, to pay or not to pay, to evade or not to evade

randy8777

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Quote from: deisik on August 10, 2016, 07:47:38 AM

Quote from: catch.me.if.you.can on August 10, 2016, 05:35:25 AM

Bitcoin will never be a global currency because you can't tax it.

In most jurisdictions, governments don't need to tax Bitcoin specifically, you just calculate an income earned and pay an income tax based on these calculations. Whether you are going to include earnings from Bitcoin operations in the said calculations is another matter. But this in no case exempts you from the obligation of paying taxes on this kind of income...

If you get caught for tax evasion, you will be penalized as usual

if you play it well, then you can basically keep your income from trading bitcoin hidden from the government for a very long time. the main problem is that the government shouldn't be forcing an exchange to release information about you. because you'll surely get burned as the exchange can't deny the government and tell them to back off. that's also a reason for me to use btc-e as they don't require you to verify yourself in order to start trading there. it means that this exchange doesn't have any of my personal details.

shadobitz

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Quote from: catch.me.if.you.can on August 12, 2016, 07:24:45 AM

Bitcoin is like Panama. Tax haven.

Yup it's true bitcoin is heaven for big investors so they could make secure their money, it's more secure than Panama because there is no hole, after this scandal big investors will start moving their money into this real crypto currency.

catch.me.if.you.can

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Bitcoin is like Panama. Tax haven.

Zaducis

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Quote from: deisik on August 10, 2016, 07:47:38 AM

Quote from: catch.me.if.you.can on August 10, 2016, 05:35:25 AM

Bitcoin will never be a global currency because you can't tax it.

In most jurisdictions, governments don't need to tax Bitcoin specifically, you just calculate an income earned and pay an income tax based on these calculations. Whether you are going to include earnings from Bitcoin operations in the said calculations is another matter. But this in no case exempts you from the obligation of paying taxes on this kind of income...

If you get caught for tax evasion, you will be penalized as usual

That is right. When the bitcoin is recognised as a currency which can be used to pay taxes, then it is treated the same as other fiat.

deisik

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Quote from: catch.me.if.you.can on August 10, 2016, 05:35:25 AM

Bitcoin will never be a global currency because you can't tax it.

In most jurisdictions, governments don't need to tax Bitcoin specifically, you just calculate an income earned and pay an income tax based on these calculations. Whether you are going to include earnings from Bitcoin operations in the said calculations is another matter. But this in no case exempts you from the obligation of paying taxes on this kind of income...

If you get caught for tax evasion, you will be penalized as usual

catch.me.if.you.can

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Bitcoin will never be a global currency because you can't tax it.

Zaducis

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Quote from: rivoke on August 09, 2016, 09:48:57 AM

My goverment still not interest on bitcoin and hope they can see bitcoin existency around the world that getting being implement by other country.
For example : microsoft decide to use ETH for their project which boost altcoin popularity

It is very reasonably for many governments to support the bitcoin. It is too small at the moment for it to be noticeable.

Daneric

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Everyone who has not been living under a rock for the past 8 years may have heard the global economy is still stuck in a financial crisis. Even though the latest “banking crash” occurred back in 2008, the ramifications are still present this very day. The most straightforward – and utterly difficult – solution would be to come up with a way to enable free competition of non-state currencies. Bitcoin would be a prime candidate for this concept, as this borderless currency can be used everywhere in the world in the same manner, as well as be exchanged for all major local currencies.

mirakal

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Quote from: rivoke on August 09, 2016, 09:48:57 AM

My goverment still not interest on bitcoin and hope they can see bitcoin existency around the world that getting being implement by other country.
For example : microsoft decide to use ETH for their project which boost altcoin popularity

We just have to wait mate, bitcoin is not that popular in the world, in due time we can see a massive adoption and that will totally happen in the future. Now, is just an investment time and with the support of the new comers we will create a huge community that would attract the investors to integrate bitcoin as their payment system.

Topic: Bitcoin is Becoming a Global Currency - page 96. (Read 226473 times)