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As the cryptocurrency market continues to grow, more and more people are turning to Bitcoin as an investment option. With its decentralized nature and potential for high returns, it’s no wonder that Bitcoin has become so popular. But for those of us in the United States, there are still a lot of questions about how to get started with Bitcoin and how to make the most of it.
So, what questions should US Bitcoiners be asking? Here are a few to get you started:
1. What are the legal implications of investing in Bitcoin?
The legal landscape surrounding Bitcoin is still evolving, so it’s important to understand the potential risks and rewards of investing in the cryptocurrency. Make sure to research the laws in your state and consult with a financial advisor before investing.
2. What are the best ways to buy and sell Bitcoin?
There are a variety of ways to buy and sell Bitcoin, including exchanges, peer-to-peer platforms, and even ATMs. Each option has its own advantages and disadvantages, so it’s important to do your research and find the best option for you.
3. What are the tax implications of investing in Bitcoin?
The IRS has issued guidance on how to report and pay taxes on Bitcoin investments. Make sure to consult with a tax professional to understand the implications of investing in Bitcoin and how to properly report your gains and losses.
4. What are the security risks associated with investing in Bitcoin?
Investing in Bitcoin carries a certain level of risk, as it is an unregulated asset. Make sure to take the necessary steps to protect your investments, such as using a secure wallet and two-factor authentication.
5. What are the best resources for learning more about Bitcoin?
There are a variety of resources available to help you learn more about Bitcoin, including books, websites, and online courses. Make sure to do your research and find the best resources for you.
These are just a few of the questions that US Bitcoiners should be asking. As the cryptocurrency market continues to evolve, it’s important to stay informed and make sure you’re making the best decisions for your investments.
I’m non-US, & also wonder this…The rest of the world is slowly moving toward sensible regulation, & the US is just a dumpster fire…The SEC & Warren etc, can do what they like, BTC especially & blockchain tech will not be stopped. It may take the next generation of politicians to embrace positive regulations around this industry….
Meanwhile, BTC just keeps hashing blocks…
Sub is not for political discussion. And people should not vote based on a singular issue.
The US is a basket case that is suffocating bitcoin with taxes. This wont change because politicans dont run shit the banks run america. The entrenched banking elite will find a way to slow bitcoin down as much as possible inside the US.
The answer simply is dont live in a place where banks run the country.
All you can do is vote with your feet and leave the US. If you like nature move to El Salvador, if you like wealthy cities move to Dubai, if you like asia move to Singapore. These places have no CGT therefore they allow bitcoin to flourish by default.
You can not show the road to a person whose eyes keep it closed. Is amazing how lots of people has been brain wash for years, they are afraid to change, they do not want to get out of their comfort zone.BTC
Two wings of the same bird. Lol I don’t care and neither does bitcoin
Can’t trust either side to look out for the citizens as both have been captured by their respective special interest groups through lobbying efforts and extensive political donations. (legal bribes)
We don’t have a free market anymore. Haven’t for a while. And our constitution has been unprotected for a couple decades. Hopefully republicans put up a candidate that likes freedom but I’m not going to hold my breath. I have voted D in the past, I never will again. They have lost the plot and are now the antifreedom coalition, the problem is the republicans are not much better. Like Brent Johnson(Dollar Milkshake guy) says, if you want to know what a government will do, ask not what they should do, rather ask what a psychopath would do.
I don’t vote. I just stack sats.
Look at wealth by Democrat politicians vs Republican politicians over time. It’s clear why democrats are against Bitcoin in general. The true liberals and true financially conservative both like it.
Bob can send any amount of Bitcoin to Alice, any time of day, any day of the year, without anybody’s permission, and nobody can stop them even if Bob is in the US and Alice is in Iran.
The US government is not going to stop Bitcoin. They cannot stop the flow, sale, and use of drugs. They cannot stop illegal immigration. They could not stop the flow, sale, and use of alcohol. They cannot stop the flow, sale, and use of materials which violate copyright laws.
They cannot stop Wall Street criminals. They cannot stop politicians from taking bribes. They can’t prevent banking collapses.
Look at the messes they made in Afghanistan and Iraq. Look at how they handled (or failed to handle) the aftermath of hurricane Katrina.
The US government is not going to be able to stop Bitcoin.
you’re reducing a political choice down to a single issue. I’m sure thats how some people choose to vote, but some bad or sweet words about bitcoin is not going to keep from from diving deeper into their stance on everything. bitcoin doesnt need people in government and doesnt factor into how I vote.
I’ve never voted for a Republican president but will in 2024 (unless it’s trump, who’s also anti-Bitcoin)
If it weren’t for the [insert disliked party] we wouldn’t be having these problems. The [insert favored party] have been trying to get the country on the right track, its just the [circle only one (Republi-tards/Demon-crats)] have been blocking everything because they are just a bunch of [circle only one (woke idiots/racists)]. If the [insert swear word adjective] that keep voting for [insert disliked party] would just see how they are being manipulated, us [insert favored party] could finally get things done. Thats why its so important to support [insert favored candidate] to fight the idiot [insert disliked party].
(Circle only one [flag emojis/rainbow emojis])
(change to all caps for more persuasive argument)
While I still think democrats are a better vote currently based on what Republicans are trying to do…(they’ve abandoned their small government stance for one that punishes women/lgbt/students/education/social security/open medical care and stacked the supreme court)…both parties suck and neither understand what our country needs to move forward. Until some fresh minds get into congress that know how to cooperate it’s going to continue to be a worthless branch of government.
I’m at a point where I gotta vote the lesser of two evils, and to me a Republican vote is a vote for a return to fascism. A vote for Democrat may be a vote for poor financial policy but at least we won’t be running after boogy men with pitchforks.
No one in US gov is going to support Bitcoin… Not D not R.
It doesn’t matter, bitcoin works without government.. there is no CEO or president to litigate…. There is no central team…
All of the other scam projects should be litigated as the securities they are… Let it become wall street 2.0 … another market of fiat scammers, for fiat scammers.
Bitcoin is just money, for the people, by the people. It will work regardless of who you vote for.
I voted Democrat last election. I will not be voting Republican in the next one, but I also doubt I’m voting Democrat either…
Considering Florida has a yearly Bitcoin show and Texas is working on Bitcoin as a currency I mainly agree with your sentiment and the outsiders are right. Yes neither party can be trusted but SBF donated more money to democrats and so did Madoff. It wouldnt surprise me that most of the dems have banks in their pockets too. Either way, if a politician is trying to establish bitcoin as a currency in their state, they have my vote, whether they are republican or democrat. In the end, if Bitcoin succeeds the people will be more free than ever. I know Desantis is huge in promoting bitcoin and though I don’t agree to most of his policies, it beats voting for a pedophile who’s done nothing for the last 40 years in politics and then as soon as he gets in office shit goes sideways, go figure. Anyone who is for Bitcoin is for the people whether they know it or not, I don’t care.
We’ve been the dominant currency for so long the people in power can’t think of it as any other way. When you sit in an ivory tower for so long you eventually lose touch with what’s happening below you. We’ll have no choice but to keep printing to prevent economic collapse and then when eggs, bananas, milk cost $50, the average Americans will then realize there’s a problem. The people in power can try to prevent all they want through regulation and closing access. But then the entire county falls behind the rest of the world as no one will want or need the US dollar (like they do now) as it will be inflated so much.
As a US citizen, my thoughts are as follows. I voted independent, and usually do because I believe this system of vote for the presidential candidate you hate less is a terrible , divisive system that got is in this mess. However, in the next election I will probably feel obligated to vote Republican, because no independent parties would win, and letting Democrats win the election would send a message that says the devisive and authoritarian nature of this administration was not only acceptable but should be encouraged.
Winner take all systems are ruining this country, by making us pick the major political candidate we hate less we need to ask states adopt ranked voting systems, and the FTC should break up large organizations including banks so that our representative can not do easily be bought by large organizations like big banks that fear crypto currency.
If only there was a candidate that was SANE, was Pro-Cyrpto, pro-Ukraine, pro-choice, pro-environment, supported universal healthcare, and was slightly conservative economically speaking, and supported things like actual freedom of speech, it would be PERFECT.
I never vote Democrat *or* Republican for President. Always Libertarian.
Locally I vote for whoever is best for the job which depends on candidates. Mostly Libertarian, sometimes Democrats sometimes Republicans.
I don’t vote for either of them
I’m in the US, a democrat, and a BTC holder for life. I think about this ALL the time. I’ve listened to the Chokepoint 2.0 operation as well as what happened with Signature, Silvergate, and Custodia with them being denied a FED master account.
This is political warfare on an open source protocol. Bitcoin does not care, but you can think of all these actions as dams being built to dampen and/or completely stomp out Bitcoin from interfering with their corrupt Keynesian economy. This is how I see it.
What can we do? Personally I’m in the process of creating a 1 hour free seminar, given weekly, free of charge to teach basics of money, Bitcoin, and to give all the tools needed to buy, hold, and trade Bitcoin, and the different levels of security and privacy that are out there, as well as an email list for future news, Bitcoin projects, and hopefully the most important part: BRINGING TOGETHER PEOPLE WHO CARE AND WILL HELP FIGHT AGAINST THESE POLITICAL ACTIONS TAKEN AGAINST BITCOIN.
As an early-ish adopter myself, I feel I have a duty to ask businesses if they accept Bitcoin and to recommend it if they don’t, to help teach others, and to help voice my opinion on how I can move things in the right direction.