Is it legal to earn and hold bitcoin ? - page 7.

dragonusa9

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Quote from: wintermeasures on July 04, 2016, 06:20:23 AM

Quote from: PokerFace3 on July 02, 2016, 04:10:59 AM

As i am from country where bitcoin is stated to be a illegal currency so, its ok to earn form small services and signature campaign here and hold my bitcoins ?
I need some suggestions ?
I love bitcoin and i can't leave it !

I think holding bitcoin is not ilegal, but as you mentioned for your country considers bitcoin illegal. then the holding bitcoin is illegal you do. My advice stay away from bitcoin, because you will be caught in the law for violating state regulations. Thank you

to be frank that bitcoin is anonymous, so if your country stated bitcoin as illegal. you need more protection like surfing into the web with proxy especially when you access the bitcoin thing, i don't really know why the bitcoin stated as illegal. someone with bitcoin can't be look so easily in the community and they just keep like an ordinary people like it does

wintermeasures

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Quote from: PokerFace3 on July 02, 2016, 04:10:59 AM

As i am from country where bitcoin is stated to be a illegal currency so, its ok to earn form small services and signature campaign here and hold my bitcoins ?
I need some suggestions ?
I love bitcoin and i can't leave it !

I think holding bitcoin is not ilegal, but as you mentioned for your country considers bitcoin illegal. then the holding bitcoin is illegal you do. My advice stay away from bitcoin, because you will be caught in the law for violating state regulations. Thank you

ASHLIUSZ

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Quote from: Schuyler on July 04, 2016, 05:49:32 AM

If I were in your shoes, I would just hold and keep earning. Just don't use it for now if your government says it is illegal. Sooner or later, it is going to be legalized because they would find ways to regulate it. By then, you should have amassed a great amount and you would be ahead of the rest who were too afraid to have bitcoins.

Bitcoin would be the perfect cryptocurrency to be declared the only legal tender very soon.

amped

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It is not irregal if you can declare for student project. Do you think?

Schuyler

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If I were in your shoes, I would just hold and keep earning. Just don't use it for now if your government says it is illegal. Sooner or later, it is going to be legalized because they would find ways to regulate it. By then, you should have amassed a great amount and you would be ahead of the rest who were too afraid to have bitcoins.

ajun96

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Quote from: krishna1 on July 04, 2016, 12:41:23 AM

If the Bitcoin is illegal in your country then I suggest you to don't Hold Bitcoins because it can be a disaster for you if the Government knows that you are using Bitcoins.....

WTF who care? the government will not be able to do anything to you. they would not even know that you are a user of bitcoin?
What evidence if you bitcoin user? no one can deny it. bitcoin is anonymous and there will be no intervention on it.

Hirose UK

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Quote from: PokerFace3 on July 02, 2016, 04:10:59 AM

As i am from country where bitcoin is stated to be a illegal currency so, its ok to earn form small services and signature campaign here and hold my bitcoins ?
I need some suggestions ?
I love bitcoin and i can't leave it !

actually bitcoin isn't legal in my country too, but it's not illegal either. and I still hold it.

no problem so far.

leonix007

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Quote from: Hazir on July 02, 2016, 12:28:55 PM

I heard some guy complained that customs official at some English airport searched for bitcoins in his luggage and asked him: "Where did you put them? What?! The bitcoin! Where is it?!"
I don't think that custom official had any idea what bitcoin looks like. And all of that because he was wearing some bitcoin t-shirt or something.

I couldn't stop laughing when I read this, you made my day Bro Hazir, anyways, its really shows how dumb people are banning such currency, for me it only shows how difficult and a desperate governments are to control illegal activities within their areas or countries, are they considered the good side of bitcoin for their people?

Cyaren

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Quote from: PokerFace3 on July 02, 2016, 04:10:59 AM

As i am from country where bitcoin is stated to be a illegal currency so, its ok to earn form small services and signature campaign here and hold my bitcoins ?
I need some suggestions ?
I love bitcoin and i can't leave it !

dont leave it then wow...
you know if you are careful they wont get any evidence that you are using btc or something.
Dont care about it man,BTC is legal all over the world,making it illegal is just stupid.

Golftech

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Quote from: BlackPanda on July 04, 2016, 05:27:54 AM

strange people who say this is illegal. holding bitcoin is the right of each of the users of bitcoin. holding bitcoin will not harm others. and a big mistake when there are people who say that this is illegal !!

i can't understand how this OP say that bitcoin is illegal from their country are you somewhere who doesn't have free internet access? but if that is possible this forums will also not accessible for just like north korea they have control with internet if that is your case we can understand that bitcoin is illegal but if you have access no one can trace you if you already holding a coin and already have existing wallet you can exchange it your money and transfer it to your account.

chaosknight

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Quote from: TastyChillySauce00 on July 04, 2016, 05:21:36 AM

Quote from: JessicaSe on July 04, 2016, 04:41:18 AM

Everyone of us are earning and holding it and I think that it doesn't make it illegal unless you are not a criminal and using it for criminal activities.

read to thread clearly,OP stating that in his country bitcoin was considered as an illegal thing,you can just change the rules and justify yourself just by your opinion,if rules say using bitcoin in certain area is illegal then it's illegal,and keep in mind that it's only in OP's country not another because bitcoin still accepted around the world

Yes bitcoin is widely used and accepted in most of the countries, and that doesn't make it illegal, and I am pretty sure that many more countries will start supporting bitcoin in future.

BlackPanda

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strange people who say this is illegal. holding bitcoin is the right of each of the users of bitcoin. holding bitcoin will not harm others. and a big mistake when there are people who say that this is illegal !!

TastyChillySauce00

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Quote from: JessicaSe on July 04, 2016, 04:41:18 AM

Everyone of us are earning and holding it and I think that it doesn't make it illegal unless you are not a criminal and using it for criminal activities.

read to thread clearly,OP stating that in his country bitcoin was considered as an illegal thing,you can't just change the rules and justify yourself just by your opinion,if rules say using bitcoin in certain area is illegal then it's illegal,and keep in mind that it's only in OP's country not another because bitcoin still accepted around the world

extrabyte

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Quote from: PokerFace3 on July 02, 2016, 04:10:59 AM

As i am from country where bitcoin is stated to be a illegal currency so, its ok to earn form small services and signature campaign here and hold my bitcoins ?
I need some suggestions ?
I love bitcoin and i can't leave it !

It is risky to continue hold, but as long as you don't withdraw it then i can say that you are a little but safer. I'm quite surprised why your country has banned bitcoin when bitcoin is completely legal to use, it has nothing bad. If you can convert bitcoin to another cryptocurrency for example Litecoin or Ethereum then I don't think it's illegal for these coins.

JessicaSe

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Everyone of us are earning and holding it and I think that it doesn't make it illegal unless you are not a criminal and using it for criminal activities.

Adrayrd

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Off course is it legal why would holding and earning bitcoins be illegal i don t think you know allot about the bitcoin, the only difference is that bitcoins can
easily been used for illegal activities because he cant be tracked so they can buy allot of things with it you know. Other ones will only have profit with it because they will pay more.

ning_chang

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Quote from: PokerFace3 on July 02, 2016, 04:10:59 AM

As i am from country where bitcoin is stated to be a illegal currency so, its ok to earn form small services and signature campaign here and hold my bitcoins ?
I need some suggestions ?
I love bitcoin and i can't leave it !

Yes it's very safe your bitcoin in this sites. But you try another one. Xapo. You can download on Playstore if your phone is Android and if your phone is IOS you can download also in Apple store. Wink

Because It is true that some countries have banned or restricted the use of bitcoin, but fortunately the internet technology does not know frontiers and there is no way to prevent us from use bitcoin. Because bitcoin is the best way to earn a money without spending a real money. Wink

Enotche

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Bitcoin earned a controversial reputation among government officials, who were trying to get them under control. Everything has just begun, and the government wants to understand what cryptocurrency and make the appropriate legal basis.
Government agencies are concerned about the hidden meaning bitcoins because they can be used anonymously, and as a result, there is a potential for money laundering. In particular, the authorities bother currency decentralization

All this suggests the question: Is Bitcoin currency is legal? The answer is yes, but depending on what you are doing with it.

naidray

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Quote from: PokerFace3 on July 02, 2016, 04:10:59 AM

As i am from country where bitcoin is stated to be a illegal currency so, its ok to earn form small services and signature campaign here and hold my bitcoins ?
I need some suggestions ?
I love bitcoin and i can't leave it !

It's illegal only in 4 countries of which your country is one of the 4. I don't think you should keep trading in bitcoins then unless you aren't trading them or selling them via bank or PayPal. If you are just holding, you may need to exchange it for real cash which is again risky.

Cresciuanto

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Quote from: krishna1 on July 04, 2016, 12:41:23 AM

If the Bitcoin is illegal in your country then I suggest you to don't Hold Bitcoins because it can be a disaster for you if the Government knows that you are using Bitcoins.....

i think there are so many activities that are illegal but still we use to do that. for example gambling which are illegal in our country still people do gambling. drinking is illegal but still people use wine. so i think bitcoin is illegal but it have no such a bad effect of the society therefore i like to keep it continue.

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