RE: Facebook COIN,to be announced during Consensus?

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Facebook COIN,to be announced during Consensus?

in cryptocurrency •  7 years ago 

Either way, BitCoin trading on the stock exchange isn't necessarily necessarily a good thing.

And if BitCoin goes as high as some are suggesting ($100K+) then governments would likely legitimize BitCoins as a currency and tax those who invested in them - like they tax those who invest in any other currency or commodity.

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That's normal and necessary, Fx used to be 40% tax now is much much lower.same goes for stocks.Adoption comes with regulations.Plus in Japan Bitcoin is already a legit currency

Japan is but one country.

And call me cynical, but any currency with a mere 21 million units in it is going to be waaaaaaay too expensive for most people to use.

I fear the ship may have already sailed with BitCoin. I didn't get on board in time. Can't be helped...