Topic: Cryptocurrency beats having faits at every point - page 3. (Read 336 times)

A skeptic will remain as a skeptic for a long time but it doesn't mean that they won't change for the better. That friend of yours could have been skeptic to you even long time ago but soon he'll get to see how successful you are.

But that's not the point of it.

With his curiosity, everything is going to change when that matter ticks on his mind and it's becoming a more interesting question to him why you've been firm and keeps on doing what you've started as a bitcoin investor that does DCA.

Don't misinterpret bitcoin to an asset through wish you can invade government taxes. Taxes are our obligation as citizens of a country . Yeah you can accumulate as much bitcoin as you wish but you have to pay your taxes where due.

Every human wants to be in control of his affairs and it's beautiful we have bitcoin giving us that opportunity and confidence at same time.

With an appropriate DCAing every bitcoiner will appreciate the equal advantage we all get in owning a bitcoin of our own or more through bit by bit purchasing. And when you possess the knowledge of knowing when to DCA at every intervals when the opportunity opens up in the market you'll be accumulating in profit.

You're right that Bitcoin is a digital asset that's free from regulations but it doesn't grow by its own there is a huge community to help it grow and they all are the supporters of the Bitcoin and its concept. Bitcoin can be acquired without any taxation but it isn't free from taxes and if the authorities found that you have enough Bitcoin then you may have to pay taxes. IRS has classified Bitcoin as a property and that's why it isn't free from taxes anymore in some regions.


That's a great strategy to acquire 1 Bitcoin because with that strategy you weekly or monthly spend some percentage of your earnings to purchase Bitcoin and if you continue that for some years then you'll be a proud owner of a Bitcoin.



I would recommend you to be careful with your investment in Bitcoin if it's banned in your region. I know that this forum is the best place where most Bitcoin lovers are present and you'll get a lot of information about Bitcoin from this forum but still you should be careful when investing in it because if something is banned in your country then it's a trouble taking job to hold that thing. I would recommend you to be very careful because if your government somehow gets information about your Bitcoin holdings then they can seize your coins and take legal action against you.



Well, almost everybody is interested in Bitcoin because of its decentralization and its potential to grow higher in value. The features that Bitcoin offers are unquie and the community that is backing up it is also huge. Fiat isn't anywhere close to Bitcoin when it comes to sense of control and that's why it's always better to choose Bitcoin and continue investing it in a secret way. Never ever tell anyone about your investment and again be careful because investing in it in a banned region may have some risks involved.

Ask from those who living in country where crypto regulated and pay big fee when they deposit or withdraw. Indians brothers have to pay 30% tax for trading and sooner or later all countries will also follow them and I also support users who pay their tax on time which is sign of loyality towards country.


Yes DCA is best choice if anyone want to buy btc for long term. every dip is opportunity to increase your number of btc. If you add btc time to time without thinking of selling then yes one day you will be owner of whole btc



Is there any law made for cryptocurrency or you are saying banned just because buying through credit card is not allowed. In my country, Bitcoin is not fully banned but we cannot buy/sell openly. If btc is fully banned then P2P is also not secured because your all data is recorded.

Cryptocurrencies are not designed to evade tax and it won't be too long for the government such as IRS to track your assets cause everything is almost KYCed now so if you are someone dumping huge amounts in Bitcoin and not paying taxes then you are not safe.

If the status of bitcoin is banned in your region then you should be more careful even when you are holding and trying to accumulate funds via decentralized p2p modes only not in any way that includes exchanges or other parties related to crypto in their bank accounts.

"I don't really get why you'd store your money in cryptocurrencies," a friend asked me just a day ago, expressing skepticism about Bitcoin.

Well, who wouldn't appreciate a digital asset that grows on its own, free from the worries of taxation or government regulations on how much you can have?

I personally enjoy the fact that I'm in charge of storing and managing my crypto assets without anyone doing it for me.

Ever since I learned about the dollar-cost averaging (DCA) strategy on this forum  I've been committed to acquiring at least 1 BTC. It doesn't feel impossible anymore.

Even though BTC is banned in my region, I've found a community of crypto enthusiasts on this forum, sharing and gathering information. I strongly believe that crypto will someday be accepted worldwide.

As for my favorite reason for choosing Bitcoin over fiat currency, it's the sense of control and potential for growth that it offers. Plus, I'm in good company here, so feel free to share your thoughts too! 😊

If your interested in DCA I think you should follow up on this thread
https://bitcointalksearch.org/topic/buy-the-dip-and-hodl-5132720