in my country, indonesia
Public interest to invest in bitcoin increases in line with the rise in the price of digital currencies. Director of Counseling, Services and Public Relations Directorate General of Taxation Hestu Yoga Saksama also confirmed the benefits of sale and purchase or investment bitcoin is taxable income.
In fact, Bank Indonesia (BI) has banned the use of bitcoin as currency. Therefore, rupiah is the only legal currency in Indonesia. Thus, licensed payment system providers are also prohibited from processing payment transactions with bitcoins and other digital currencies.
But this is still in the discussion, still not clear the decision.
Topic: people face paying taxes on their Bitcoin Sales in India - page 2. (Read 213 times)
The government is in a big muddle over Bitcoin and cryptocurrencies sighting the immense price surge over the last month and is even advising precaution to investors telling them to 'invest at their own risk'. All of this is leading to FUD about Bitcoin being taxed, while there is no official statement from the central government yet. Trading on exchanges is literally a nightmare as prices are ridiculous and these so called exchanges are getting away with tax and a lot of fee while the rest of the country is in disbelief of cryptos being taxed.
people face paying taxes on their bitcoin Sales in India,do you need to pay taxes on Bitcoin trading in your country?
https://www.aicoin.net.cn/chart/D331D4E2
BTC (Bitfinex):
Resistance: $16,440 & 17,000, Support: $16,000 & 15,500
Comments:
Based on the fundamental analysis, we can’t see an obvious breakout in volumes and momentum even though BTC set another all-time high yesterday. Also, price moved within a broad range on daily chart and the game between bulls and bears seemed fierce as BTC made several attempts to the support level at $16,000. However, in the long term, BTC price remains bullish though medium-term trend isn’t clear for now. Considering the effects by the event that BTC futures went live on CBOE, constant attention should be paid to the launch of BTC futures falling on December 18 on CME. If the correction continues, the inflection point of price is expected to remain within the range from $14,000 to $15,000.
Suggestions:
For experienced investors, you can open a few new positions for short-term operations at support level and apply “buy on dips, sell on surges” as your strategy, however, loses must be stopped if price breaks below support level with decreasing volumes. Trend is not clear for medium and long-term investments for now.
BCH (Bitfinex):
Resistance: $1,725, Support: $1,630 & $1,600.
Comments:
BCH price surged as expected after breaking through the triangle pattern on December 12. Currently, BCH is getting close to the recent all-time high, short-term signals are expected to emerge after confirming the price move at $1,700, the psychological level.
Suggestions:
Further attention should be paid to the price action around $1,700, for BCH holders, you can hold on to your positions and wait to see.
:
ETH (Bitfinex):
Resistance: $750, Support: $730 & $700.
Comments:
ETH has been continuously breaking above resistance levels in the past 2 sessions. However, the increasing volumes may indicate the possibility for divergence, which should be paid close attention to. Since there have been no announcements about ETH fork from major exchanges till now, the continuation of “candy bonus” can’t be excluded. Therefore, we need to focus on the price move in the next few hours.
Suggestions:
Profits can be partially booked for long positions holders as ETH set another new all-time high on daily chart, continuous attention should be paid to volumes and resistance.
LTC (Bitfinex):
Resistance: $320, Support: $290 & $270.
Comments:
We can’t observe an obvious trend for now as LTC price is moving sideways within a range after the surge, which is applicable for segment traders in the short term. The recent surge in LTC price has direct relationship with the exchange issue on Bitfinex, which, however, has a temporary boost to LTC price, instant attention should be paid to news about the exchange issue.
Original by Hashpai, translated and posted by AICoin Jami.
https://www.aicoin.net.cn/chart/D331D4E2
BTC (Bitfinex):
Resistance: $16,440 & 17,000, Support: $16,000 & 15,500
Comments:
Based on the fundamental analysis, we can’t see an obvious breakout in volumes and momentum even though BTC set another all-time high yesterday. Also, price moved within a broad range on daily chart and the game between bulls and bears seemed fierce as BTC made several attempts to the support level at $16,000. However, in the long term, BTC price remains bullish though medium-term trend isn’t clear for now. Considering the effects by the event that BTC futures went live on CBOE, constant attention should be paid to the launch of BTC futures falling on December 18 on CME. If the correction continues, the inflection point of price is expected to remain within the range from $14,000 to $15,000.
Suggestions:
For experienced investors, you can open a few new positions for short-term operations at support level and apply “buy on dips, sell on surges” as your strategy, however, loses must be stopped if price breaks below support level with decreasing volumes. Trend is not clear for medium and long-term investments for now.
BCH (Bitfinex):
Resistance: $1,725, Support: $1,630 & $1,600.
Comments:
BCH price surged as expected after breaking through the triangle pattern on December 12. Currently, BCH is getting close to the recent all-time high, short-term signals are expected to emerge after confirming the price move at $1,700, the psychological level.
Suggestions:
Further attention should be paid to the price action around $1,700, for BCH holders, you can hold on to your positions and wait to see.
:
ETH (Bitfinex):
Resistance: $750, Support: $730 & $700.
Comments:
ETH has been continuously breaking above resistance levels in the past 2 sessions. However, the increasing volumes may indicate the possibility for divergence, which should be paid close attention to. Since there have been no announcements about ETH fork from major exchanges till now, the continuation of “candy bonus” can’t be excluded. Therefore, we need to focus on the price move in the next few hours.
Suggestions:
Profits can be partially booked for long positions holders as ETH set another new all-time high on daily chart, continuous attention should be paid to volumes and resistance.
LTC (Bitfinex):
Resistance: $320, Support: $290 & $270.
Comments:
We can’t observe an obvious trend for now as LTC price is moving sideways within a range after the surge, which is applicable for segment traders in the short term. The recent surge in LTC price has direct relationship with the exchange issue on Bitfinex, which, however, has a temporary boost to LTC price, instant attention should be paid to news about the exchange issue.
Original by Hashpai, translated and posted by AICoin Jami.
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