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Showing 20 of 83 results by Patient_Zero
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Board Economics
Re: All times are good to enter crypto - Tim Draper
by
Patient_Zero
on 14/12/2018, 00:36:09 UTC
I never trust anyone I don't know, if indeed every time is the right time to invest in cryptocurrency, then why does the cryptocurrency go down? means that someone is selling the cryptocurrency, including now. as long as there is a buy process, there must also be a sell process. well, the behavior of people who sell this, is a behavior that we must consider, why should they sell? do they not trust cryptocurrency anymore?
the purpose of selling bitcoin is very diverse, there is a trade scenario that is usually carried out by large investors, because they always want to dominate the market, by selling their bitcoin in large numbers, because there will be an effect among bitcoin owners, they will panic and start following sell, as a result the price will go down, if the price is in accordance with what they want, the big investors will start buying again but with a relatively cheap price, then we can imagine how much profit the big traders will have in the future.
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Board Trading Discussion
Re: Trading Bitcoin at this moment is right?
by
Patient_Zero
on 14/12/2018, 00:28:50 UTC
Bitcoin is really good for passive investment by buying at a very low price and then wait until the price go up in the next coming months or up to one year. We know that bitcoin is significant to this industry so its value will surely go up.
if indeed our goal is to invest in bitcoin for the long term, then we should buy gradually because our money is not drained for very long-term profits, but if we want to trade bitcoin then we can focus our money on short-term bitcoin buying and selling  , which of course the benefits we get from day to day, don't be too passive, just waiting for price increases, which usually occur in a relatively long time.
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Board Legal
Re: 0% tax when cashing out crypto
by
Patient_Zero
on 14/12/2018, 00:20:04 UTC
I think you can't avoid tax unless you change residence to another country because
your tax authority may request you to present them your sublet contract!
Then what?

You mentioned you have to rent space from legal entity A for 1000€ / year. right?
Then you let this space to legal entity B for 90K € / year .
What if tax authority in your country ask you to show also the contract that you have with legal entity B?

In your case who will be the legal entity B in the contract
that will pay you 90K € on your bank account?

Can you explain more in details please?


For common "small" people is difficult to escape the parasitic systems
that are feeding on the working class and  which  you may know are designed
for the rich to become richer.

Only the rich have totally legal means to "lower" their taxes legally.

we cannot fight the system in our country, so being a good taxpayer may be safer, maybe the tax is charged big but that is also because the money we have is also large, in the business of buying and selling bitcoin, we can still seek profits from our business , even if there is a tax but it is comparable to what you get.
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Board Legal
Re: 0% tax when cashing out crypto
by
Patient_Zero
on 13/12/2018, 00:31:01 UTC
It will not be possible for every government in different countries who are adapting bitcoin are already eyeing on how to tax crypto. Other countries that regulated cryptocurrency has used the local exchanges where transaction fee is higher than other exchanges. It is because tax is already on it as an addition to the transaction fee being deducted every trade you made.
of course all countries want income from a trade, exchanging bitcoin is not yet in the trade category, but moving into a local bank will be charged one of them taxes, so exchanging bitcoin is not taxed but we will put our money into the bank before we take it in fiat money, of course, some governments have calculated the potential tax that can be used through local banks.
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Board Economics
Re: Can Bitcoin even work in our current system?
by
Patient_Zero
on 12/12/2018, 00:38:28 UTC
I don't think that's gonna be a problem. Separate tokens can be created for credit. Nothing can replace the purity in the economy after crypto acceptance. Imagine that there will only be limited money and no one will intervene.
Bitcoin in the future will be able to be combined with the banking world, because the existence of an interconnected system will greatly facilitate the smoothness of making payments and deposits, in the future state banks can also facilitate the use of bitcoin in all sectors, this is very possible, and now the situation has begun to allow for something like this.
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Board Bitcoin Discussion
Re: With all honesty, who still wants bitcoin to die?
by
Patient_Zero
on 12/12/2018, 00:31:01 UTC
Before this plunge, a lot of people spreading FUD about bitcoin and how they want bitcoin to die and how obsolete bitcoin is. People saying  that this alt or that alt will replace bitcoin and that bitcoin is no longer King of crypto. Now, looking at CMC, as bitcoin values going down so are ALL altcoins. No shitcoins...I mean altcoins able to get through what's happening in the market not even BCH, XRP, XLM or any other alts able to get pass through the bear market. This is just a proof that all alts value depends on bitcoin value and  the influence of bitcoin to the whole crypto market. I'm very sure before bitcoin value turn to zero all alts turns to dust just like when Thanus snap his fingers and dusting happened.

So tell me, with all honesty, do you still wants bitcoin to die?


which is certainly a lot of parties who want bitcoin to die, one of the parties harmed by the presence of bitcoin is the bank, we all know the bank takes advantage of the cost of transferring savings fees and other administrative costs, but with the bitcoin the bank's money tree begins to be eliminated by various conveniences offered bitcoin, so the possibility of banks wanting bitcoin to die, many countries also feel threatened by their currency by bitcoin, one of which is the dollar will be very threatened by bitcoin, because the dominance of the dollar will soon be replaced by bitcoin.
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Board Economics
Re: Will people come back to gold
by
Patient_Zero
on 12/12/2018, 00:10:40 UTC
I don't know exactly about the other regions but from ASIA you cannot take gold away. They are crazy about gold and they are ready to invest in gold any time. I think this year investors are more interested in Gold as compared to crypto currency. Now Let's wait for the mid January to have an idea of BTC price.
not all countries in Asia have good internet connections, so indeed for regions that are still underdeveloped it will be very difficult to be able to trade bitcoin, for some regions they are not familiar with bitcoin, so they are more interested in gold investations, but for regions urban areas, especially in developed countries such as Korea, Japan, Singapore and other countries that are already advancing, then the public starts infesting in crypto, there needs to be comprehensive socialization in all regions regarding the experience of bitcoin currencies, if this happens then the public can start investing in crypto currency.
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Board Trading Discussion
Re: I'm loosing. What to do?
by
Patient_Zero
on 10/12/2018, 23:57:16 UTC
What to do now when things get worse every day, only hold will help us? Who is trying to survive in such a market? Your advice, friends!
if you survive in a very bad price,  then the best way we go out first from trading,  to prevent us from increasing losses,  we can monitor the price of bitcoin from time to time,  we can take a very valuable lesson from changes in the price of bitcoin what happened,  because with enough knowledge we can determine our best steps.
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Topic
Board Economics
Re: The basis of being a poor- how little or how big?
by
Patient_Zero
on 10/12/2018, 23:49:46 UTC
The basis of poor is simple he don't have enough savings or investment which can secure him better standard of living but the reason for being poor comes along with many factors in some countries people were working hard until now but their takes were eaten by the corrupted officials and some people being lazy and never get out of their comfort zone.If you want to be rich you need to be smart as well.
rich and poor are very dependent on which country we live in, if we are in a rich country to be poor it is difficult, because rich countries guarantee all basic needs for their citizens, but if in poor or developing countries, then if we do not want to fight then we will become poor , to be able to get rich does not require an easy process, but now there is an effort that offers success, namely the bitcoin trading business, because with a struggle that is not so long, bitcoin can promise a good success.
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Topic
Board Legal
Re: General use of bitcoin as a legal currency
by
Patient_Zero
on 10/12/2018, 23:41:47 UTC
No country has taken bitcoin as a legal currency for general transactions because of the complications that go along with it. It cannot be adopted yet in that way because it is still too volatile and for now, the transaction fees are too high. Imagine if you were at your local grocery store and upon paying your bill, you would have to pay almost half of your total bill just to process your transaction and on top of that, it takes hours to confirm. Also, since bitcoin is very volatile and its possible that upon paying, the price would change. It would still be a hassle to use.
bitcoin for small transactions is not very profitable, and there are still a few countries that allow bitcoin to transact at home, but if transactions are on a global scale and there is trade between countries then bitcoin will be very profitable, first a non-convoluted system does not require third parties in transacting and which are guaranteed to be very secure, then bitcoin is only suitable for large and global transactions, so bitcoin becomes an alternative currency.
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Board Bitcoin Discussion
Re: Why do we need bitcoin in the modern world?
by
Patient_Zero
on 10/12/2018, 00:40:00 UTC
Bitcoin has opened a vision for us. He showed us a way forward. It is still in our hands to evaluate and do better.

Or screwing things up and going back.
bitcoin has opened a new chapter in the world of commerce, especially in terms of payment, bitcoin has made it easier for business people to provide facilities that greatly facilitate buying and selling, in modern-style traders between countries desperately need fast and safe means of payment. between countries that are very complicated, bitcoin is very able to answer the needs of international warriors, so in the future traders will need bitcoin as their means of payment.
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Board Trading Discussion
Re: My luck is very bad for crypto trading 😞
by
Patient_Zero
on 10/12/2018, 00:29:09 UTC
If you believe luck has to be responsible for your woes in cryptocurrency,  I will say it is not the same for millions of people trading and investing in cryptocurrency.  I think luck has little to do with the level of success you enjoy in cryptocurrency,  skill and proper understanding of cryptocurrency and good planning does!
relying on luck is a foolish act,  we must understand a trade, no luck comes suddenly,  there is luck gained through a learning process, we will experience ups and downs in a trade, don't complain in trading because crypto will always provide interesting choices for all of us.
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Board Economics
Re: Is the Market Stabilizing?
by
Patient_Zero
on 10/12/2018, 00:23:06 UTC
well, get used to it because the market is not going to stabilize for many years and things will be more or less the same until exchanges become a lot bigger than this or we reach mass adoption.
the good news is that the volatility is decreasing compared to previous years. so the growth is happening but it is not yet enough to prevent manipulation and the resulting big drops.
there is no any currency that can be stable, all are always moving to make changes, things like this are also experienced by bitcoin, the price of bitcoin certainly cannot be stable as long as there is support and rejection, all over the world, so long as all countries have not agreed on the legality of bitcoin during that time will also often occur price movements, but we must be sure that sooner or later bitcoin will become the single currency in the future.
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Board Legal
Re: bitcoin legal or not
by
Patient_Zero
on 10/12/2018, 00:11:05 UTC
Smiley  Smiley  for my opinion about bitcoin, just me bitcoin is king of all crypto coin nothing else is similar and it is just alone. sometimes there are people who do not believe in bitcoin and there's also a country where bitcoin is not acceptable in their area, but for me there is no doubt this is one of the best digital currency in the world so it's a bicoin legit for everyone and in our future.
the original plan was created as bitcoin as the future currency, but many people today are starting to change the bitcoin function from a currency to a commodity, which is nothing but to trade, not to make a payment, so let's change the method now our view of bitcoin, namely as a means of payment, many countries have facilitated bitcoin users as a payment tool, but bitcoin owners who don't understand things like this, basically bitcoin is only digital money so it doesn't violate any law, so bitcoin is legal .
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Board Legal
Re: Bitcoin Taxation and Attorney in Canada?
by
Patient_Zero
on 05/12/2018, 23:36:59 UTC
Just calculate for income tax. Claim what you made into their fiat.
as long as we haven't exchanged it into fiat currency and haven't entered the bank of a country, bitcoin hasn't been taxed, because bitcoin hasn't entered the system of a country, and is still in the digital world,  but after bitcoin is exchanged into fiat and transferred into a bank in a country then we will be subject to various types of taxes, ranging from income tax,  property tax and various kinds depending on which country we live in and this is common in all countries.
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Board Trading Discussion
Re: I regret that i entered trading too late
by
Patient_Zero
on 05/12/2018, 00:11:47 UTC
It's never too late to enter the trade and one added value when you enter when the altcoin price is fairly low so you won't lose too much money when you study and experience errors.
our delay can be an added value to our knowledge, we can explore more or more learning, by looking at past price movements and causes that can affect prices in the past, can be an experience that can be applied in the future, the more the choice of altcoin that is available in the market, we can choose which coin has the greatest potential to rise, the way it has been with price movements that have been past.
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Board Bitcoin Discussion
Re: Do we still believe in Bitcoin?
by
Patient_Zero
on 05/12/2018, 00:00:44 UTC
Yes I truly believe in cryptocurrency. We all know that the basic aim of everyone for participating in any investment market is to earn profits and there is nothing wrong in that. But a person should have some realistic goals. You can invest in something blindly and then expect your money to be doubled in a week. You should research and study properly and take every decision wisely.
all traders must always expect multiple profits, things like this that are the goal of trading bitcoin, but the current situation of getting multiple profits is already difficult, but we can still expect a lot of bitcoin in the future, because the rapid advances in technology do require payment tools global, so bitcoin still has good potential in the future, so I still have high hopes for bitcoin.
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Topic
Board Economics
Re: why bitcoin price fall down?
by
Patient_Zero
on 04/12/2018, 23:49:57 UTC
For me we  cannot really predict bitcoin as we all know that  bitcoin is very  volatile    Cheesy  if the  the  price will  go down  like  1000 Dollar  well it's possible  as long ass price is still in correction or not   stable yet Wink
The price increase is strongly influenced by some of the country's main policies, if there is a large country that expresses its support for bitcoin, it can be ascertained that the price will increase, but if bad news can affect prices, the value of bitcoin is very unstable, but open up, then in the future the price of bitcoin will rise again, the influence of the news is very influential on big business people.
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Board Legal
Re: Buy bitcoin for someone else?
by
Patient_Zero
on 04/12/2018, 23:38:40 UTC
Yes, for as long as you pay all the applicable taxes. Make sure you document everything, including the transfer of coins to them in case they try to do anything shady because they'll likely be traced back to you.
This should not be used for other people because it is very risky, it might be better to tell how to buy and maybe we can accompany the purchase, this is to keep all the bad things from happening, because this is related to a very large amount of money.
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Board Bitcoin Discussion
Merits 1 from 1 user
Re: Is it Game Over for Bitcoin?
by
Patient_Zero
on 04/12/2018, 00:36:18 UTC
⭐ Merited by Coolcryptovator (1)
People were at the limit of their patience, and this drop has meant that the game is over for many people. We all know that game is now on. There are people whose plan work very well.
This kind of trade is like a trade war, big traders want to turn off small traders, by over-supplying stocks, causing prices to plummet, and things like this will be greatly used by big players to be able to start buying at cheap prices, and they will monopolize prices in the future, people will think that bitcoin has ended, this is a big mistake, because things like this are what big traders want to be able to manipulate prices, so understand carefully the world trade scenario.