government arrangement of taxes on bitcoin, would it be considered positive? - page 2.

Sebas.tian

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Quote from: Derek86 on March 01, 2018, 10:07:02 PM

I heard people trying to say that there are positives side on it because it is somehow protected under legal boundaries...

what do you guys think?

The government's arrangement of tax only benefit them. It is not actually a good idea for traders since it could lessen their profit. But good thing is, the government will now allow its citizen to use bitcoin for transactions.

Indrawan77

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Putting tax means that government giving a green signal for the people to invest or trade in bitcoin, at least the government wont freeze the users account or going to arrest the people that used it, so it can attract more investors to put money in crypto, but that depends on the tax amount if it's too big then the investors will move away from crypto

surfinonmyownwavebaby

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Yes to me this is a positive thing because by paying taxes we are contributing to the building of our societies, despite the fact the money doesn't get allocated nearly as correctly. Would like to see blockchains implemented all throughout city hall so communities couldn't spend money so frivolously.

chocolaty

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Not for us. It won't offer anything good to ordinary people using bitcoin and trading cryptos. It will just reduce the amount of money. The good thing about this is that it will finally be recognized by the government and an asset for economic growth. That's pretty much the positive side.

tommy088

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No .. Because in my country in phillipines more taxes and only bitcoin give income in people in the phillipines and give chance to them for successful life

ShowOff

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Quote from: Derek86 on March 01, 2018, 10:07:02 PM

I heard people trying to say that there are positives side on it because it is somehow protected under legal boundaries...

what do you guys think?

if it is make bitcoin can be legalize in a country of course it is good thing. at least the users can get protected by the regulation and nothing to worry about scam and other bad things. of coure with the tax, government must have some regulation too

csdga

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Quote from: Praesidium on March 01, 2018, 10:38:57 PM

I dont see any postive about taxation in bitcoin, it wiill just harm the community of crypto traders here since they will need to pay for the transaction fees and another for tax, not good right?

Also, only the government will have the profit here which is not really an advantage since we cant trust the goverment because it is full of corruptions.

I do not think taxation will benefit the bitcoin community, which is a sign that Bitcoin is gaining access to the mainstream and also a sign that bitcoin is going mainstream. Bitcoin will bring many positive changes to the world. And given the nature of the virtual currency and its anonymity, it would be immediately an issue to think whether the taxation of Bitcoin transactions is viable.

Sunnyyy

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I agree with this. The government put taxes on bitcoins. It will make the bitcoin more legal. But it is difficult to apply taxes to bitcoins because we know that bitcoins are anonymous. The government can not manage all of the bitcoins

Wexnident

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Quote from: Derek86 on March 01, 2018, 10:07:02 PM

I heard people trying to say that there are positives side on it because it is somehow protected under legal boundaries...

what do you guys think?

In my opinion, I think it can be both, maybe it will cause negativity and positivity. It's become negative when the government put a high cost of taxes to this. It so much affected to all bitcoiners, to the fact that the main reason of people when engaging to this system is to earn a huge of profit, but how it can be worth it if the government putting high taxes to this.But there will be a positive cause, maybe they can surely give a protection to this system, therefore, it would be much productive and consistent in crypto world.

pooya87

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i think they were talking about regulations, not just taxes. and they can have a positive effect on bitcoin because it removes a lot of FUD and misunderstanding among a lot of people thinking bitcoin is not legit. and when something is regulated some people feel safer using it, specially merchants and we want merchant adoption of bitcoin more than anything else.
and remember it will depend on the rules. they can be both bad and good depending what how they are going to approach it.

Praesidium

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I dont see any postive about taxation in bitcoin, it wiill just harm the community of crypto traders here since they will need to pay for the transaction fees and another for tax, not good right?

Also, only the government will have the profit here which is not really an advantage since we cant trust the goverment because it is full of corruptions.

SungkZ

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Honestly, I couldn't imagine how government will be able to do that. Basically because tracking every single Crypto Users is really hard based on my own judgement, for me this is still impossible as of the moment especially with the current state of our technology. How will government know the identity of each crypto wallet owners?

allthebitandbobs

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no dont tax my bitcoin Grin

macchiato

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Quote from: Derek86 on March 01, 2018, 10:07:02 PM

I heard people trying to say that there are positives side on it because it is somehow protected under legal boundaries...

what do you guys think?

Putting tax on traders gives a positive feedback for the government because it may add up to their budget. I don't see too much advantages that people, specifically traders, could get from being taxed, only that it will decrease their amount of earning.

Derek86

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I heard people trying to say that there are positives side on it because it is somehow protected under legal boundaries...

what do you guys think?

Topic: government arrangement of taxes on bitcoin, would it be considered positive? - page 2. (Read 274 times)