Quote from: ricardobs on October 05, 2018, 10:33:44 AM

Quote from: gefander on October 03, 2018, 10:29:19 AM

Quote from: reshefcedex on October 02, 2018, 02:33:58 PM

Quote from: Invest-or on October 02, 2018, 12:22:34 PM

Quote from: reshefcedex on October 02, 2018, 11:44:43 AM

https://m.nasdaq.com/article/bitcoin-ruled-commodity-palladium-etf-shines-cm1030552

What do you think? is this the early stages of acceptance towards cryptocurrencies?

It is bad news for all. A commodity is not treated as currency in terms of taxes and easiness of trading, thus if this is confirmed we will be exposed to a higher taxation level.

I see your point, for sure, but do you not also agree that the very classification of bitcoin as anything other than a "fad" will serve all of us better in the long run?

Well, that's what I was writing about. Once bitcoin is perceived as something legal, it is already a great step in the real world for him. Right before all the major financial players wrote that this is a bubble, what is a pyramid, this method of fraud. Moreover, bitcoin was used to pay for goods and services that are usually prohibited by law. Therefore, it could simply be banned, say that it is an illegal product or tool for payment for goods.

A really great step in the right direction. The reason why we are seeing a lot of skepticism today from investors is because they do not know what the future holds and they are being very careful not to take a very huge risk.

But in this case like you said, the possibility of the fear being doused, more institutions and investors keep stepping in because the government obviously recognizes it, and then gradually we start seeing real life usage in the long run, then this simply means a good growth for the space. If we are so much worried about tax, we won't even move ahead but in this stage, everyone becomes a winner including the government.

Indeed, I want to support you in your statement that the government at this stage will be in the black. My opinion about the situation with Fiat money is now in the categories of the last century, firstly the inability to use without damaging the ecology of the planet, secondly it is the spread of diseases, third it is more expensive than using digital money, fourth the lack of transparency, ie the ability to use funds for tax evasion and also for use in black markets.