Topic: When Bitcoin will be taxed, will it still be as in demand as it right now? - page 2. (Read 1995 times)
August 28, 2017, 10:59:20 AM
I dont see any reason why bitcoin been taxed is going to reduce the amount of demand that is going to happen in short it will even encourage the massive adoption as well because taxing it means giving it recognition in which will open a new horizon of opportunities that will attract a lot of new people into the crypto space, business will openly accept without the fear of doing anything illegal, there wont be the name calling all around again among other advantages that will come with that tax issue.
August 28, 2017, 10:49:01 AM
As far as the volatilization and anonymity remains with bitcoin,its use shall not be affected by tax.
Bitcoin amateures are already paying transaction fee to networks as a kind of tax.
If government ordains tax on bitcoin alter than network fee,traders would still like to have it more because at that time it will be demanded more than before due to legalization.
Bitcoin amateures are already paying transaction fee to networks as a kind of tax.
If government ordains tax on bitcoin alter than network fee,traders would still like to have it more because at that time it will be demanded more than before due to legalization.
August 28, 2017, 10:05:13 AM
When Bitcoin will be universally accepted accepted by Government, of course it will be taxed accordingly. Do you think it will still be as in demand as it is right now, that makes its price higher and higher everyday.
Does the bitcoin community is ready for this?
As long as the tax won't be that big, that will still make its users profitable from Bitcoin. Or maybe, even if it will be taxed, it will still be indemand because of its expensive value. But ofcourse, it won't be possible since Bitcoin is an open source system, decentralized and has no physical value. Government can only make it legal or nor but won't be able to tax it, in my opinion.Does the bitcoin community is ready for this?
August 28, 2017, 09:58:21 AM
When Bitcoin will be universally accepted accepted by Government, of course it will be taxed accordingly. Do you think it will still be as in demand as it is right now, that makes its price higher and higher everyday.
Does the bitcoin community is ready for this?
As long as the tax won't be that big, that will still make its users profitable from Bitcoin. Or maybe, even if it will be taxed, it will still be indemand because of its expensive value. But ofcourse, it won't be possible since Bitcoin is an open source system, decentralized and has no physical value. Government can only make it legal or nor but won't be able to tax it, in my opinion. Does the bitcoin community is ready for this?
August 28, 2017, 09:57:08 AM
When Bitcoin will be universally accepted accepted by Government, of course it will be taxed accordingly. Do you think it will still be as in demand as it is right now, that makes its price higher and higher everyday.
Does the bitcoin community is ready for this?
I know that there are some countries where bitcoins is taxed accordingly and still people are patronizing as they always did. But i believe that the taxation should be implemented only when people are using their fiat to purchase bitcoins and not when they are exchanging it to fiat. Taxation must be implemented when bitcoin is being used to buy goods and services just like other currencies. Does the bitcoin community is ready for this?
August 28, 2017, 09:33:07 AM
When Bitcoin will be universally accepted accepted by Government, of course it will be taxed accordingly. Do you think it will still be as in demand as it is right now, that makes its price higher and higher everyday.
Does the bitcoin community is ready for this?
Bitcoin community wont really be ready since this thing wont really happen on bitcoin world and its impossible for it to be accepted on all government of the world and they cant directly taxed bitcoin and we know all that but government could possibly get tax from those establishments and services which do accepts bitcoin but the main problem here is that if people would be honest enough to pay up their tax. Does the bitcoin community is ready for this?
August 28, 2017, 08:57:59 AM
I think if bitcoin is acceptable to the government there will be a tax problem that must be done. And the question is if bitcoin is taxed, whether it will affect the bitcoin request itself. I do not think there will be any impact on the decrease in bitcoin demand. The demand for bitcoin will increase from time to time. Do not we all know that in transactions in bitcoin there is already a piece of administration. Or by transferring to the bank and there is already a piece. Whether it's a piece of taxation or not, this proves that the demand for bitcoin keeps on increasing. So I do not think it will affect the bitcoin request.
August 28, 2017, 07:43:37 AM
Not really, I think not. The most sought-out feature of BTC I think is that it is decentralized and government can't control the transactions and interfere with any kind of taxation. That will definitely cause a huge amount of decrease in demand for BTC. Also, I think the current transaction fees is pretty huge, and if more taxation would have been introduced, then the average person would also stop bitcoin, thus decreasing the demand of BTC furthermore.
August 28, 2017, 07:22:31 AM
When Bitcoin will be universally accepted accepted by Government, of course it will be taxed accordingly. Do you think it will still be as in demand as it is right now, that makes its price higher and higher everyday.
Does the bitcoin community is ready for this?
Does the bitcoin community is ready for this?
Currently, Bitcoin is not "universally" accepted but guess what? Governments didn't wait to tax it! You have to report the profits you made and so pay the taxs depending of the profits
August 28, 2017, 05:04:09 AM
What? Since when did Bitcoin earnings not taxable? For your information anything that is involve receiving money in any form that is counted as income is taxable by law. It does not matter what kind of money you receive it in it does not make you immune to paying tax even in Bitcoin. I am guessing that you are not reflecting your Bitcoin earnings in your tax report, well you should be as an audit from your tax department can give you lots of trouble.
August 28, 2017, 04:58:47 AM
I really don't think it will ever be taxed . That will eliminate one of it's best features : being decentralized !
Most of the transactions are hidden/unknown/untraceable/secret .. Who's going to tax who exactly ? ..
And even if it happens , it will make it even more popular and people will gain more trust in it since it will be approved by governments !
But i really don't think this will ever happen .
Most of the transactions are hidden/unknown/untraceable/secret .. Who's going to tax who exactly ? ..
And even if it happens , it will make it even more popular and people will gain more trust in it since it will be approved by governments !
But i really don't think this will ever happen .
August 25, 2017, 08:24:08 AM
When Bitcoin will be universally accepted accepted by Government, of course it will be taxed accordingly. Do you think it will still be as in demand as it is right now, that makes its price higher and higher everyday.
Does the bitcoin community is ready for this?
We have different governments and if you are just talking about the USA then it will be a hard fight and I doubt they will accept it. It is like surrendering their loved US dollar with another currency. Does the bitcoin community is ready for this?
That won't happen to them. They would rather create another coin than accept what bitcoin is specially right now where it is so valuable.
August 25, 2017, 08:21:11 AM
I'm sure if the state will control all transactions with bitcoins and to impose their tax on the bitcoin very quickly lose its appeal. That's why I'm against the legalization of bitcoin. If bitcoin will be taxed then it could become unprofitable.
August 25, 2017, 08:14:12 AM
When Bitcoin will be universally accepted accepted by Government, of course it will be taxed accordingly. Do you think it will still be as in demand as it is right now, that makes its price higher and higher everyday.
Does the bitcoin community is ready for this?
In a couple of years or when bitcoin hits $10,000. Yes the demand could increase more in the future. I'm not sure about the tax because every country has different tax rules that follows. The government here in my country accepts bitcoin but doesn't recommend using it because they say there's a high risk of getting scammed (which is true if new users aren't informed on different kinds of scamming).Does the bitcoin community is ready for this?
August 25, 2017, 07:55:52 AM
When Bitcoin will be universally accepted accepted by Government, of course it will be taxed accordingly. Do you think it will still be as in demand as it is right now, that makes its price higher and higher everyday.
Does the bitcoin community is ready for this?
In a couple of years or when bitcoin hits $10,000. Yes the demand could increase more in the future. I'm not sure about the tax because every country has different tax rules that follows. The government here in my country accepts bitcoin but doesn't recommend using it because they say there's a high risk of getting scammed (which is true if new users aren't informed on different kinds of scamming).Does the bitcoin community is ready for this?
August 25, 2017, 07:47:38 AM
When Bitcoin will be universally accepted accepted by Government, of course it will be taxed accordingly. Do you think it will still be as in demand as it is right now, that makes its price higher and higher everyday.
Does the bitcoin community is ready for this?
In a couple of years or when bitcoin hits $10,000. Yes the demand could increase more in the future. I'm not sure about the tax because every country has different tax rules that follows. The government here in my country accepts bitcoin but doesn't recommend using it because they say there's a high risk of getting scammed (which is true if new users aren't informed on different kinds of scamming).Does the bitcoin community is ready for this?
August 23, 2017, 08:05:02 PM
When Bitcoin will be universally accepted accepted by Government, of course it will be taxed accordingly. Do you think it will still be as in demand as it is right now, that makes its price higher and higher everyday.
Does the bitcoin community is ready for this?
In a couple of years or when bitcoin hits $10,000. Yes the demand could increase more in the future. I'm not sure about the tax because every country has different tax rules that follows. The government here in my country accepts bitcoin but doesn't recommend using it because they say there's a high risk of getting scammed (which is true if new users aren't informed on different kinds of scamming). Does the bitcoin community is ready for this?
August 23, 2017, 03:28:39 PM
When Bitcoin will be universally accepted accepted by Government, of course it will be taxed accordingly. Do you think it will still be as in demand as it is right now, that makes its price higher and higher everyday.
Does the bitcoin community is ready for this?
I think, it will be. But that's quite impossible since Bitcoin is decentralized. But if that happens, it will also be. As a matter of fact, it will catch the interest of more people because it will be legal in countries. So it will still be in demand. The reason why they'd still demand for Bitcoin is thst, they are still earning profit from it and taxes will just be a small amount. Does the bitcoin community is ready for this?
August 23, 2017, 03:20:23 PM
I think that taxing will not affect bitcoin demand by any way.In future,mostly all governments would start taxing bitcoin earnings since bitcoin would be predominantly used by most people.Since most people would use bitcoins at that time,so its demand would be very high and hence its price also.So,even if it is taxed,no body will be willing to leave using such a valuable return giving bitcoin.They would be ready to pay taxes and would still continue to use bitcoins.
August 23, 2017, 03:04:43 PM
Tax or no tax, bitcoin will still be popular and in demand. It is not the main features of bitcoin. And if ever, it will be hard for the government to track which one is not paying their bitcoin tax.
Welllll I think a lot of people are also in crypto because it's kind of hidden and a way to invest without the government really having knowledge on it (or at least it seems so currently). I think they recently released a statement that the US government has been tracking bitcoin transaction since 2015, so they're for sure building up some knowledge there I think. Jump to: