Topic: Let's suppose that Bitcoin became universal (used everywhere you go) - page 11. (Read 25646 times)
July 20, 2018, 10:24:52 PM
I think bitcoin user will be happy to see bitcoin become universal because they have a chance to carrying bitcoin to all places without worry how they can convert their bitcoin to local fiat. I am sure that when it happens, we can see that many local exchanges that will available in every place and we can use the bitcoin to buy something with that bitcoin. but maybe this will not happen in this short-term because the government is not ready to accept bitcoin as a new payment.
July 20, 2018, 11:38:33 AM
This is great. Then I can buy anything in the world without worrying that I will have to pay anything. I do not worry about the monthly money that will be managed by a bank. If the bank goes bankrupt, your money will be frozen or lost forever.
July 20, 2018, 08:50:16 AM
If one day, BTC enters our daily life!
The government can use BTC to replace the current legal currency for economic activities!
Businesses and individuals also have to pay taxes, but change from the legal currency to BTC!
The government can use BTC to replace the current legal currency for economic activities!
Businesses and individuals also have to pay taxes, but change from the legal currency to BTC!
I think the Government is afraid of losing taxes, maybe one day bitcoin and alt coin holders have to pay taxes.
I understand this as a concern, and this is why some countries still forbid crypto.
Yeah, taxes will be bigger and maybe bitcoin will become more expensive because of the taxes that will be included when buying bitcoin also when using it, so there will be positive and negative outcome when this happen.
July 20, 2018, 08:37:59 AM
If one day, BTC enters our daily life!
The government can use BTC to replace the current legal currency for economic activities!
Businesses and individuals also have to pay taxes, but change from the legal currency to BTC!
The government can use BTC to replace the current legal currency for economic activities!
Businesses and individuals also have to pay taxes, but change from the legal currency to BTC!
I think the Government is afraid of losing taxes, maybe one day bitcoin and alt coin holders have to pay taxes.
I understand this as a concern, and this is why some countries still forbid crypto.
July 20, 2018, 08:12:09 AM
if bitcoin is already used worldwide, and the state does not tax on bitcoins.
the state will not die, because the state can still take tax on other things like Motor taxes, building taxes, etc.
the state will not die, because the state can still take tax on other things like Motor taxes, building taxes, etc.
July 20, 2018, 07:03:01 AM
Life will be so easy and hassle free if the bitcoins are expected everywhere.
July 19, 2018, 10:09:20 PM
There will be some rules and regulation implied on that but that is okay.
July 19, 2018, 02:24:43 PM
If one day, BTC enters our daily life!
The government can use BTC to replace the current legal currency for economic activities!
Businesses and individuals also have to pay taxes, but change from the legal currency to BTC!
The government can use BTC to replace the current legal currency for economic activities!
Businesses and individuals also have to pay taxes, but change from the legal currency to BTC!
I think the Government is afraid of losing taxes, maybe one day bitcoin and alt coin holders have to pay taxes.
I understand this as a concern, and this is why some countries still forbid crypto.
If everywhere will take the bitcoins the government will have nothing to fear. Let's say the restaurant started taking bitcoin. The license to work for this restaurant is issued by a government agency. And the owners also pay taxes to the state. Also, a certain amount will be included in your restaurant bill which will go to pay tax. That is, the country, in any case, will receive income.
July 19, 2018, 11:54:12 AM
If one day, BTC enters our daily life!
The government can use BTC to replace the current legal currency for economic activities!
Businesses and individuals also have to pay taxes, but change from the legal currency to BTC!
The government can use BTC to replace the current legal currency for economic activities!
Businesses and individuals also have to pay taxes, but change from the legal currency to BTC!
I think the Government is afraid of losing taxes, maybe one day bitcoin and alt coin holders have to pay taxes.
I understand this as a concern, and this is why some countries still forbid crypto.
July 19, 2018, 11:16:24 AM
We need to be really careful about that because when we are speaking about the increasing then the prices too often it turned out to be a false signal and the peak of Bitcoin was only once in 2017 no evidence that it will repeat.
July 19, 2018, 11:15:54 AM
Hi,
Let's suppose that Bitcoin became adopted everywhere such as paying bills with Bitcoin,getting salary with Bitcoin,shopping,restaurant etc...
How your country gonna survive if you only use Bitcoin in a daily basis? I mean a country cannot survive if individuals doesn't pay taxes,well with Bitcoin you don't pay any tax right?
How this gonna be possible? Please shed for me some light on this.
Thanks
I'm thinking that first of all it would be so much more comfortable to use a United single crypto currency in whatever place you will go to buying all the stuff that you need to pay with the single currency. Let's suppose that Bitcoin became adopted everywhere such as paying bills with Bitcoin,getting salary with Bitcoin,shopping,restaurant etc...
How your country gonna survive if you only use Bitcoin in a daily basis? I mean a country cannot survive if individuals doesn't pay taxes,well with Bitcoin you don't pay any tax right?
How this gonna be possible? Please shed for me some light on this.
Thanks
July 19, 2018, 07:21:47 AM
yes of course bitcoin is acceptable for all countries and bitcoin can help to be one of the few payment solutions in some countries so you can also use bitcoin for other purchase methods.
July 19, 2018, 07:04:50 AM
That will be one heck of a development if that happens and life will be easy.
July 19, 2018, 01:20:09 AM
it seems I've read that belgium and bali already have bitcoin atm so in my opinion in the country can already accept the use of bitcoin and I also can use bitcoin to book the hotel.
July 18, 2018, 10:59:51 PM
If bitcoin or others cryptocurrency become common and merchant accepting it, I am believe government have a way to collecting taxes from cryptocurrency transaction. Technology always evolve and government must be adopting cryptocurrency if want to take benefits from crypto transaction.
July 18, 2018, 08:44:39 PM
If bitcoin became universal then it will be use anywhere in the world ,so this is the time if it will come true ,that bitcoin will be successful for its last goal which is the acceptance of bitcoin to business all over the world, ang the bitcoin holder will be very comfortable to use for it is universal and accepted worldwide
July 18, 2018, 08:13:47 PM
It is something that should become possible in the coming few years.
July 18, 2018, 04:33:48 PM
Hi,
Let's suppose that Bitcoin became adopted everywhere such as paying bills with Bitcoin,getting salary with Bitcoin,shopping,restaurant etc...
How your country gonna survive if you only use Bitcoin in a daily basis? I mean a country cannot survive if individuals doesn't pay taxes,well with Bitcoin you don't pay any tax right?
How this gonna be possible? Please shed for me some light on this.
Thanks
I dont think my country’s government will allow it to happen and i believe too that no other country will allow it to happen. The country’s need for finances has to be met by people’s taxes and if they allow only cryptocurrency to be the main currency they will for sure impose regulations like taxations and many other regulations. Let's suppose that Bitcoin became adopted everywhere such as paying bills with Bitcoin,getting salary with Bitcoin,shopping,restaurant etc...
How your country gonna survive if you only use Bitcoin in a daily basis? I mean a country cannot survive if individuals doesn't pay taxes,well with Bitcoin you don't pay any tax right?
How this gonna be possible? Please shed for me some light on this.
Thanks
July 18, 2018, 04:28:47 PM
"Let's suppose that Bitcoin became adopted everywhere such as paying bills with Bitcoin,getting salary with Bitcoin,shopping,restaurant etc..."
.... You really want to use Bitcoin for than and miss high reward if BTC value pump
Bitcoin is a store of value , always being it, like gold . You dont use it for such thing better use fiat money for this . In my opinion BTC is trading value, you use it for trading and you cash out into fiat some of your profit. If you want a utilty token or crypto-currenty better use a cheaper token or something more stable
.... You really want to use Bitcoin for than and miss high reward if BTC value pump
Bitcoin is a store of value , always being it, like gold . You dont use it for such thing better use fiat money for this . In my opinion BTC is trading value, you use it for trading and you cash out into fiat some of your profit. If you want a utilty token or crypto-currenty better use a cheaper token or something more stable July 18, 2018, 04:07:29 PM
If the bitcoin became universal ,where ever you there is bitcoin and it will be accepted to any establishment arpund the world so that is I think the last goal for bitcoin and cryptos to be asccepted anywhere , bitcoin holders is noe in the comfortable zone of using his ,her bitcoin, for it is universal already.
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