Quote from: Xenophoto on February 11, 2017, 06:49:50 AM

Quote from: basesaw on February 10, 2017, 02:52:17 PM

Quote from: Xenophoto on February 10, 2017, 02:30:27 PM

Quote from: Liang_Kubur on February 10, 2017, 11:15:29 AM

I'm still not convinced that the bitcoin investment will continue to be lucrative so I kept making gold investment a priority. This is because the bitcoin is still not in legalized in my country so that makes me hesitate.

It's not a legal currency in any country. The government simply don't care about it. If you live in Japan, in 2 months it would be a legal payment method. Look it up online, it's true. But supposed you live elsewhere, you don't have to hesitate at all just because it's not legalized. You still have the same opportunity with us.

All investment doesn't have any assurance to continue to be lucrative, though. Bitcoin is no different. You still have to risk your money in order to make profit.

really. i think bitcoin is now legal to some country. the government cares about it because it is still a currency and need to be regulated by the governemnt. by this day the virtual currency cant be handled by the government because of the lack of laws about the virtual currency. but someday if they have time about this they might hold the virtual currencies.

I don't know about what you mean with "legal". There are local exchange that has partnership with local companies and that allows you to pay bills "legally" with your bitcoins. But it's not legal in terms of payment that you're going to pay someone or a company that doesn't have partnership with the exchanger.

I doubt that they'd be able to handle the Internet using their laws. Porn and online gambling is banned in several countries in the world but simply using a VPN solves the problem. It's not worth risking going to jail just to do these online activities but I've never seen on the news someone going to jail because he was watching porn or he was gambling online. I think the same thing would just happen when you use bitcoins

I'm afraid this is not quite the same

The main difference is that Bitcoin can be used as money. As long as you gamble it away (or even if you just happen to trade it for fiat to and fro), no one is likely going to give a fuck about that. But if you are using Bitcoin as money, i.e. as a means of payment, it will be an entirely different story. For example, in many countries local businesses are not allowed to receive payments in foreign currencies (though they may still calculate the prices in, say, the US dollars). In fact, even exporters are required to sell part of their foreign currency proceeds for local money