Why would anyone ever use Bitcoin?

[Zioliern]

I have been thinking about using bitcoin to fund an account. Until, lol, I read where every time you buy a bitcoin, you get taxed on the value of it (???)....That simply can't be true, can it? Then, if you win and convert back to cash, you pay capital gains taxes on that? What's the point if you get taxed en you buy, then taxed when you sell? 

Can anyone tell me where I am going wrong with bitcoin? 

Thanks

[Afi4wins]

Firstly, Zioliern mate...Bitcoin is MONEY IN THE AIR!!! Think seriously about it!

It it NOT supported by any Government or Banks...it is not tied to any tangible goods, just on pure AIR...bla...bla...bla...

 

Many people recommend using Bitcoin because of its convenience...that's what they think!

Even many more people and investors have LOST MILLIONS in their Bitcoin investments due to fraudulent activities.

Nobody or no specific Authority dare admit they are the one who invented this money-on-air...why??? Think about it!!!

 

There are many many reasons why I would never use or support Bitcoin or any Cryptocurrency.

The trend now is moving towards another type of tangible Cryptocurrency...POINTS or REWARDS...think about that too! 

[cocopop3011]

Hmmmm..I've thought about Bitcoin long and hard, and I've come to the conclusion that it's just not for me. It's great for US players who can now use this to play at some casinos where they cant use they usual currency but that's about it in my opinion.

 

Mind me asking where your from? Are you thinking of giving Bitcoin a go? In relation to taxes, I wrote an article on Bitcoin and read alot about it before writing however I don't recall reading anything about these taxes you mentioned!

[partyhummel]

hey afi4wins ;-)

 

i had to smile when i read your post.

 

"Bitcoin is MONEY IN THE AIR!!! Think seriously about it!

It it NOT supported by any Government or Banks...it is not tied to any tangible goods, just on pure AIR...bla...bla...bla..." ;-)))

 

well except the support of the government who let produce that betrayal money - that false dirt we are using for payments and which is nothing but debt - i thought you were talking about the euro or the us dollar. the money we use in everyday live is nothing, but a big lie. an illusion. as long as people trust in it, it runs (some of the more simple minded amonmg us btw still believe that our money is tied to the goldreserves of the central banks - which was cut in the 1970)

 

from that point of view - the bitcoin has an advantage regarding the possibillity to infinite duplicance. because since our money is officially not tied to any limiting substances such as gold eg. the draghis and other bankster can just go on and produce more and more of that dirt, people are willing to kill for...

 

bitcoins are limited by the growing complexity of the mathematical challenge which are elementary to produce more. ;-) so - never any of the lying banditos, who are running our governemts would abandon the advantage of unlimited monetary reproducement since they just escaped that "prison" in the 1970. ;-)))

 

our money is an illusion. i really hope and pray that people will keep on believing that the dirty paper-trash i give them for goods is of any worth. ;-) 

[Afi4wins]

Aaaah...so you believe in Bitcoins then Partyhummel? Well...you're not alone, hehehe.

For non-believers like me...I'm not alone either, hahaha.

 

Some things change...some things don't...

but this thing doesn't change...not ever : Money is the root of all evil!  

[ValDes]

hey afi4wins ;-)

 

i had to smile when i read your post.

 

"Bitcoin is MONEY IN THE AIR!!! Think seriously about it!

It it NOT supported by any Government or Banks...it is not tied to any tangible goods, just on pure AIR...bla...bla...bla..." ;-)))

 

well except the support of the government who let produce that betrayal money - that false dirt we are using for payments and which is nothing but debt - i thought you were talking about the euro or the us dollar. the money we use in everyday live is nothing, but a big lie. an illusion. as long as people trust in it, it runs (some of the more simple minded amonmg us btw still believe that our money is tied to the goldreserves of the central banks - which was cut in the 1970)

 

from that point of view - the bitcoin has an advantage regarding the possibillity to infinite duplicance. because since our money is officially not tied to any limiting substances such as gold eg. the draghis and other bankster can just go on and produce more and more of that dirt, people are willing to kill for...

 

bitcoins are limited by the growing complexity of the mathematical challenge which are elementary to produce more. ;-) so - never any of the lying banditos, who are running our governemts would abandon the advantage of unlimited monetary reproducement since they just escaped that "prison" in the 1970. ;-)))

 

our money is an illusion. i really hope and pray that people will keep on believing that the dirty paper-trash i give them for goods is of any worth. ;-) 

 

A bit of a too revolutionary post for my taste, yet a lot of the things you said are quite true. But somehow you forgot to mention a very important moment.... When things got fu**ed up, people run for help to.... yes, their governments... with all their sins and so on... What would happen if hypothetically one day Bitcoin hit the road to *****? 

[ValDes]

Aaaah...so you believe in Bitcoins then Partyhummel? Well...you're not alone, hehehe.

For non-believers like me...I'm not alone either, hahaha.

 

Some things change...some things don't...

but this thing doesn't change...not ever : Money is the root of all evil!  

 

Agree, however there's another point of view here. Money is the main driving force of human progress.

[partyhummel]

heyho ;-)

 

no... i dont believe in the bitcoin. i just wanted to mention the main difference between limited currencies - e.g. bitcoin - and unlimited skrap-currencies that our governments let produce... ;-)

 

i also do not believe in governments. however - i am not a bit antisystem or so. i found my habitat and feel good as it is.

[Afi4wins]

Agree, however there's another point of view here. Money is the main driving force of human progress.

 

Well...lets put it this way mate...I CANNOT LIVE WITHOUT MONEY!!! 

[partyhummel]

me neither... just the imagination of having to work scares me like *****... ;-)