If you are walking on the road and enjoying a nice day at the nearby park it's all because someone paid their taxes. Taxes helps a lot , I have seen people frowning over about how they don't want to pay any taxes and as such. Government ensures that if you earn over a certain amount then for sure you can contribute in the making of your country. It's only if you are able to. Taxes helps in :
Paying the salary of government employees Making of roads Public schools Parks run by the government Maintenance fees Making government hospitals Making high schools ... The list is endless
We all use all these services at one part of the life or other therefore we can just consider it a little payment for that . People frown how government is corrupt , it is but not entirely if it was then you woont see new projects coming up in your town or city.
It's just our responsibility to pay taxes, we shouldn't run from it because it will more or so be used for everyone out there in your country , you are indirectly helping others too through paying them , the less advantageous ones.
Also one might say government can print all the money they need , but that's not the case ..the more money a government prints the lower the value of their currency gets which genrally have adverse effects in many sectors.
Yes, in other words, by paying taxes, you are contributing to development in your country, "from us for us".
Most taxes are mandatory in many countries, if avoiding taxes, it will automatically make the state angry and threaten severe penalties to prison, so I'm sure that most people pay taxes because they are forced.
We pay taxes for public order, not because of economical reasons only. If you make it free, nobody wants to pay taxes for sure, but it's also really needed when we think about the general image of countries. Some money must be supplied to support public order.
Banks don't offer to much as a saving vehicle in my country the interest rate is a joke and while you have savings protection there is a limit to how much money your bank covers if you have a lot of money you can lose it even if there is insurance of deposits.
Banks are trustable honestly, but we can never make sure they won't bankrupt at the end. Remember Lehman Brothers crysis and other main banking crysis took place in the previous years. Crypto is still huge!
I never lost hope in bitcoin because i know the price is going to go up one of these days. Patience is really important in cryptocurrency because of its volatile nature so if you don't like the dump then crypto is not for you.
During the time that I am still newbie I always do panic although some people kept saying that not to do panic at all, but it is really your self who will help you not to, and not the people besides you or in the forum, so what I did is to study well and understand the concept of crypto and how the price calculated in that I am now so confident and don't do panic at all.
BTC will recover, you need to wait for some time. The price can go up to $14k this week, let's wait.
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BoardSpeculation (Altcoins)
Re: Best altcoins to buy for 2018
by
BureauChef
on 12/02/2018, 19:39:13 UTC
I want to list my favourite ones so that people would know about them. Waves, monero, ethereum, and litecoin. Plus bitcoin, for 2018 surely.
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BoardEconomics
Re: How would Bitcoin react to a global financial crisis?
It has been 10 years since the 2008 financial crisis and there are a number of financial experts out there predicting doom and gloom to hit the financial world this year. To be fair, every new year brings new crazy predictions, so, although I am not reading too much into it, It did get me thinking - how would bitcoin hold up during a financial crisis.
We know gold is able to withstand a crisis, but with the price of gold very much being controlled nowadays, it might not be a good idea to use them as a comparison.
Interested to know peoples thoughts on the matter, what do you think would happen to bitcoin during a financial crisis?
I think there is a high probability of a significant price increase. Already, a large number of people have limited confidence in the banking system. Another global financial crisis can only increase this distrust for the benefit of cryptocurrencies.
If a crysis happens, this might affect bitcoin very negatively. I don't think people will turn in to bitcoin during an economic crysis.
Definitely not safe if you are considering putting huge sums of money into ICO's. What you got to do is research about the team and the project that they are building. The kind of contacts the team has got and the community around it. Most imp is the hardcap. But still after all this you may burn your money.
In terms of security, it's safe, there is no doubts for this. But in terms of other concerns about returns and profits, it's in the gray zone. Sometimes they stay in low prices and get dumped by the participants. That's a huge problem.
I have seen many people say that Bitcoin will end governments.
But do we really want that?
And if yes how would things like infrastructure be provided without a government? (This is just an example, you can discuss any issue you see fit for this topic)
Bitcoin can't end governments and central powers including banks and other companies. The idea of bitcoin is the disruption of the traditional market structure and financial system. The disruption is enough, no need for an end.
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BoardTrading Discussion
Re: Transfer My Entire Savings to Cryptocurrencies?
Diversify your investment to reduce your risk , don't put all your saving in stock or cryptocurrency. I think you should add some promising cryptocurrencies like Bitcoin, Ethereum and Ripple to your portfolio since they are very well know cryptocurrencies. you can be millionnaire if you pick the right cryptocurrency since x10 is nothing in cryptoworld but remember only invest in altcoin with high liquidity so you can cashout easily. When it comes to storing your cryptocurrencies, you need to store your erc20 and Bitcoin tokens in a hardware wallet.
Diversification is a game changer and that can save you from loosing money. Putting your savings in cryptocurrency is really a good decision but learn to spread it. Invest and hodl good coins so you can have your profit in the future.
Game changer but how... If you get the promising ones, you can get into rich world. If you picked the unlucky ones, nightmares would start in the night time for you always.
i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
Not all people believe in bitcoin, they will choose banks to store their money. Other thinks bitcoin was scam and not legit. It is free will to judge somebody or anything so we can't do anything about.
Most of the keep listening to their bankers that's why they choose to save their money at the banks, and also the banking systems has been there for more than centuries and its hard to trust something that came only a couple of years and making people rich over time.
I don't agree with the idea asked in the topic. Bitcoin is not the competitor of the banks, bitcoin is the competitor of all the investment methods in the world. That's it and we should agree with it soon, without losing more time.
Project that have good support and platform are those who can call as stable as progress will happen from time to time, I this Eth and waves can bring more profits many token will use their service and it will hype the value of such project, long hold and aim for much bigger value to build financial freedom after some time.
Eth is very common for a stable coin. There are more of it and they're independent blockchain projects such as Boscoin, NEO and some others. There are also tokens, but they're only active in real life sector.
Taking risk is part of our routine in our daily life,bitcoin is very risky but before you doing a move you need to research first or study so that your hardwork will not in danger,because in this online world there is many scammer in the surroundings.
- Bitcoin is only dangerous at a certain level, it is not too dangerous because we can recognize that bitcoin is becoming a trend that many people are most interested in now and in the future, so bitcoin will continue to increase in the future and investing all the money in Bitcoin will not have too much risk. But when bitcoin reaches a higher value than ever, we will face many different scammers, we will need to be very careful, and again, I would like to emphasize that this is just my opinion about bitcoin, I do not encourage people to follow my opinion, we need to have our own opinions and decisions, should not believe anyone in the online world
It's actually one of the most risky things in the world. But people who invested in it early, earned a lot from bitcoin. They were lucky persons and they deserved this by taking the risk.
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BoardEconomics
Re: What do you think about bitcoin interest in the near future?
Whoever invented bitcoin, it really create a platform that provided average joe/person to do something big and earn something big, be it in a campaign or trading. More power to bitcoin/cryptocurrency.
Anyone who has bitcoin investment is saying today that bitcoin is good to invest in and buy it at high level. Many people are thinking this not only you . Bitcoin investment interest in near future will be high level interest and high amount of people will buy it then. Hopes of people are quite larger now and they have started bitcoin investment, bitcoin mining and trading to increase money and profit.
I'm seeking bitcoin mining because it's very profitable in bull markets especially if can hold the coins you mined without selling, that would be efficient income in the near future.
I don't think you can ban bitcoin that easily because currently there is no law to stop someone from buying a digital stuff and bitcoins comes in that category but maybe in future, there will be a law (not sure). Even if the bitcoin is banned you can easily access your wallet using a VPN.
I think they wouldn't create laws to ban bitcoin. They can make more strict regulations at most, if you ask me. And this follows little problems in bitcoin. China made regulations about bitcoin if I'm not wrong.
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BoardSpeculation (Altcoins)
Re: Ethereum Price Achieves $752, Up 20% in 24 Hours
Ethereum has achieved it's All Time High this week and it has been a good feeling for me since I am a huge ETH believer. But DASH is a good competitor to ETH since when ETH was $400 DASH jumped to $700 and now when ETH has raised to $750 DASH has raised to a whopping $950. DASH has been competing with ETH to see who reaches the $1000 target first. DASH is very close to achieve the target but ETH will reach the target soon. It will really be a good feeling to see ETH cross $1000 and the new year might be a boom with this achievement.
I think DASH is more about marketing and ETH is more about real world usage and tech progress. I think DASH is very overpriced right now. And ETH might be under priced...
We should see that the pump of ETH was not special for itself. Most of the altcoins were pumped like ETH, even better than ETH's pump. This was a altcoin wave which we were looking for long time since summer.
World government where the currency will threaten the value of the national currency. can you share with me how the future of Bitcoin and what will Bitcoin do in the future? one day Bitcoin be taken over by the world government for the circulation of this currency can be controlled? Why do you believe in Bitcoin, when this currency is not recognized by any government?
This won't be a national currency. This won't be the next paper money. And governments will tax bitcoin in the most expensive rates and then we will never give up for our bitcoins. Because we're in love with bitcoin.
Take some courses and then try prop-trading. That's a good opportunity to get in without starting capital. Also I recommend using tickers with high liquidity
Well, I dont suggest taking courses for becoming a trader. People are really becoming good traders simply by practicing it. There are many people who are all the time reading about crypto market, its trends and principle. These people keep developing strategies which help them understanding the market in best possible way. You can never learn better form any other source than learning from your own mistakes.
Reading about the market is a good thing to start with. The rest could include doing trades on your own, learning transfer methods, making analysis about price movements etc.
If one were to buy and hold solid avaerge coins (not a coin that kicks out and gets 10000% gain), but rather a nice steady gain like eth, Ltc etc (top 20) and starts with 10k, is it possible to reach a million without trading and buying/selling at highs and lows? If so, how long would you predict it would take? Or are most coins not going to last long term, so every 6 months would I have to rebalance with newer coins?
If you invest $50k in a good coin and if it makes 20x after your investment done, you simply become a millionaire. Similar things was seen in the previous times of the crypto market. Some coins did this.
I will buy more on every -20-30 percent discounts. I think If you HODLer it makes sense. It has potential and money inside cryptocurrency market isn't huge compared to other financial markets.
I prefer to buy when prices are constant like in the last 2-3 days. When the price fluctuation is high, I don't like it. I find it very risky at those fluctuation times. That's my reasoning for buying at calm prices.
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BoardBitcoin Discussion
Re: Bitcoin's refusal in some countries, due to high levels of corruption
Is it true, some countries that reject the bitcoin are countries with high levels of corruption? So they consider bitcoin to be a potential money laundering crime, potential illegal transactions, Violate payment system authority and undermine the system of investment activity. While countries that provide support for bitcoin is already included developed countries and has minimal acts of corruption therein. What do you think?
The reason of rejection has nothing to do with corruption. It's all about the income tax and other wealth tax that government collects from its citizens. This is the summary for me. The rest is just irrelevant.
I never regret on selling my bitcoins as whatever bitcoins I gave that are earned and not invested so whenever I m satisfied with the price I sell my bitcoins as I know that I can earn it back.
still no matter i have earned that bitcoin come from your own work not from your capital , selling bitcoin on low price where you can see higher price , it always be a big regret. it sounds like a BS when you feel nothing to see your 1 bitcoin supposed has $15,000 instead $150.
the point are you should never put the whole money to buy or sell it. save some for certain unexpected moment like ATH or the crash moment.
I sold btc many times and they were really cheap ones. Now I really regret for my trades in the past. I should have held them in my wallet for my better future, but I couldn't do this. Be patient for the success.