Daily: Bitcoin's Uncertain Future, India Plans to Tax BTC

in bitcoin •  7 years ago 

Boxmining Daily July 15
0:42 Market Spotlight: Red Red Red
2:00 India : Bitcoin Taxation?
4:20 Ethereum Upgrade Delays
5:22 Bitcoin Scaling = Y2K
5:22 China Spotlight: Bitcoin Scaling
8:02 Upgrade Time

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Interesting times ahead...Time to fill our bags?

You should have already been picking up scraps and putting them in your bag tbh
I'd definitely say keep doing that, now more than ever, as unless we're going back to 0 (ha) we can't drop more than another 10%.
Accumulate mate.

we can't drop more than another 10%

And why not?

I agree. Buy when everyone is panicking

Lol how are they going to tax Bitcoin in India? Surely its not possible.
Good video as always!

But it is quite easy.
There should just be a state owned miner.
This way they can get their share and the network grows. Everyone wins.

Like what they are doing in China ;)

Are you sure about that?
For sure there is much regulation and control. But there are also much opportunities for private investors.

Private investors do operate these Chinese bitcoin mines. But it is under the encouragement of the Chinese government. Who is to say that these energy intensive businesses operating in far flung Chinese towns had some investment directly or indirectly from local officials

https://www.washingtonpost.com/world/asia_pacific/in-chinas-tibetan-highlands-the-bizarre-world-of-bitcoin-mining-finds-a-new-home/2016/09/12/7729cbea-657e-11e6-b4d8-33e931b5a26d_story.html?utm_term=.5f3e7145656f

Thanks. Interesting link

We just have to HODL :P

Best,
fefein

Yes but leave some to invest in pizza.
My belly tells me its a good investment.

Glad to be in the now

In the long term Crypto fills far to many needs for it to become worth nothing. But the volatility is pretty bad. We shall see what the future brings.

they can tax bitcoin maybe by taxing exchange websites where you can buy bitcoin...
also maybe it will be taxed when you would like withdraw your btc to your bank account.
But that only shows that this banking system in the whole world is going down and the massive crash is coming... unfortunately
buy REAL gold and silver not the paper one.. and store it at your own home
and buy cryptos and store them offline!

Just means coins will become cheaper and those who invest now will be rewarded later!

They have trouble collecting tax on cash purchase, now wanting to collect tax on BTC purchases? It's a bit of a stretch for them to achieve this.

This post has been ranked within the top 50 most undervalued posts in the second half of Jul 15. We estimate that this post is undervalued by $14.57 as compared to a scenario in which every voter had an equal say.

See the full rankings and details in The Daily Tribune: Jul 15 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.

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