Topic: BITCOIN G20 6 FEBRUARY, WHAT HAPPENS? - page 2. (Read 427 times)

Yeah, but what about taxes?  Moreover Russian authorities are elaborating a law according to which, unqualified investors are not allowed to purchase tokens in amount exceed 1000$. That is tough

That will be better.
Getting cryptocurrencies regulated, means more and more people will get in.
Maybe not imminently but it will.

Thanks for information, I had no idea about this meeting before your post.  Now I would better get rid of all my crypto and wait till the results of summit

I think all this year we will see news that havr negative effect on the market. When institutional investors take all coins of weak hands, market will rise to the moon. This is inevitable.

If you are not strong beliver in any project where you have invested your money then you should cashout your money and stay in usd, and plaease remember that taxation or regulation will make crypto legal so then it will truly become unstoppable.

I don't know what is wrong with so many people. "Crashing market", "post-apocalyptic", "taxes will kill crypto" and that sort of is completely irrelevant. You think cryptocurrencies gave us anarchic powers to overcome laws and fiat money?

All cryptocurrencies are and will be (at least few more years) directly linked to fiat. You would like to enjoy your crypto earnings? You have to cash out to fiat. I am not counting few e-shops and hipsta-cafés which accept Bitcoin as a payment.

If you cash out to fiat, you HAVE to pay taxes regardless of the source. In many countries, small yearly incomes (<1k USD in my country) are not subject to taxes. Thus, many small traders are absolutely safe.

Large investors who invest larger amounts of money are aware of the laws and to be honest, they don't care about taxes. They pay huge taxes already. They know they have to pay and are comfortable with it. In my country and my bank, any deposit on my account (doesnt matter if local or international) above 20k USD means the bank will call you on phone and ask from whom and for what did you receive that money (already valid anti money laundering law). The payment is also likely to be sent to officials to check.

Maybe we will have to register ourselves with our valid ID and all fiat-in and fiat-out activities will have to be logged. But that is OK, isn't it? Or is any one of you using crypto for illegal activities?

Crypto will be regulated, deal with it. Much worse scenario would be if it would not. Few idiots who use it for illegal stuff could cause crypto to become illegal.

Be interesting to see, part of me feels that regulation and tax might bring comfort to those who fear a crypto ban or shutdown, if they regulate and tax, it's pretty well accepted now and shouldn't go away.

What will happen with stealth coins? these may get banned, if not they will gain good value, no exchange will list a stealth coin if it's the difference between being shut down or kept open.

People like myself who use crypto only for legal activities see no threat in regulation, it won't upset my trading or confidence.
Now those who are using crypto for illegal activities will want to get out while they can, this may dip the market a bit.

Just remember, if you ever cash out back to fiat you're paying tax regardless, if it's a good amount and makes it to a bank account and you don't declare this income, expect a knock on the door some time in the future.

G20 summit will certainly negatively affects the market of crypto. I will advise to hold momentarily. As par as I remember G20 summit always took concern their countries welfare, with that scenario I would think that in some ways they will take advantage the summit to impose certain regulation that will affects crypto sample of this is taxation, Laws on trading, and ICO's. One also I think will try to impose is control on crypto against money laundering.

What  will  happen  this  6 February if they  will decide  to  regulate ICOs  and  Cryptocurrencies, taxing them?

IN the  dot.come bubble  happened   the same (it  was the  far wast the  same  as ICO  today before  they regulated  them)  and   the price dropped  of  80%

Amazon  was   being traded at 70$,  and  then dropped  to  11$

And  Amazon is comparable  to  what Bitcoin  is  now  for  the crypto world.


Do you  think is  better  to  buy-in after   the  crash at cheaper prices?


P.S.  Stay away all  people  who  doesn't know  anything about  economic,  it' s  useless  to  say ''Hodl, Hodl''  if the  price will crash of 80%  and the market  will recover in 8  years.


What is  the best move if they  will tax  cripto?

What  will be  the  post apocaliptic scenario?