Topic: Peter Brandt believes that Biden may do a lot of damage to bitcoin - page 2. (Read 494 times)

Why do people think two seventy something elderly presidents are different from each other just because one elderly who has been in office a couple of years has said something about bitcoin and the other elderly who has been in office for a couple of months hasn't said anything yet?
They may have been competing against each other but they are pretty much the same guy when it comes to a lot of things including bitcoin. They are operating in the same corrupt system after all.

Put what Trump has said about bitcoin and the cryptospace aside or what Biden is not saying. Would you speculate that Biden is better or worse for bitcoin?

It only appeared that Trump was against bitcoin, however, his adminstation was not doing what Janet Yellen is planning to do.

That is just great.
I said WOULD, that means that anyone would do something similar in place of Biden and I was talking about TAXES.
You are taking my post out of contest and you are posting some old Trump tweet from 2019 that is not true anymore as Bitcoin and crypto was regulated during his administration term.
Biden is senile old fool so I don't expect him to say anything about Bitcoin or anything tech related, and there is not much difference with all puppet politicians we see on tv.

C'mon Man...Hairy legs and corn pop stories is all he can really talk about  
https://www.youtube.com/watch?v=dwoN-FvVEsA

No, Trump didn't do something similar. Trump straight up said he hates Bitcoin.



Meanwhile, Biden hasn't actually said anything on the subject. So it makes no sense for Trump supporters to chastise Biden on his Bitcoin policy when

a) he doesn't have one, and
b) Trump's policy is provably worse.

This is the third time I've posted that tweet. It's like peoples' eyes don't register what it means or something.

Exactly. His tweet seems to be "rich people talking to rich people". Or as TYT say, when rich people cry.

It's easy to be libertarian when a non libertarian society has allowed you to become uber rich.

Bitcoin should be held anyway, not sold.

My opinion is also like that, all changes or regulations that can disturb the peace of Bitcoin will not last long, after that Bitcoin can be victorious again. however, if President Joe Biden manages to increase the capital gains tax, I am afraid that the price of bitcoin can also go up, but it will affect the transaction costs which will be very expensive.

Seriously, 55% tax?  I can’t believe this.
If this one will become reality, the future in Bitcoin could be gone already.  That’s too much tax already and the Businesses would collapse quickly because of this.  They might not be able to make their cash flow survive for two years and will decide to file bankruptcy forcibly.

However, I hope if this really made it there they would justify the brackets.  I would tend to agree on the part where it really is better to get the rich taxed more than the lower ones.  However, the taxation must be lesser than 55%a and it might 35% really hurts but still good compared to 55%.

Going back, I just feel bad in a way that, people might stop aiming to have a great company as it takes a lot of sacrifices as they will not be rewarded well with the risks they took.

Peter Brandt is still bullish long term and Biden is just an old puppet that is not making any decisions on his own related with anything including Bitcoin and Cryptocurrencies and most other politicians including Trump would do something similar.
They all have same advisors telling them they can fix the problem with printing more and more money and introducing more regulations, restrictions and taxes.
This recent Biden tax increase had temporary bad effect on Bitcoin market and it also affected stock market and everything else, but we are probably going to bounce back stronger than ever.
What I am mostly concerned with Biden administration is their obsession with climate change and global warming propaganda that could affect Bitcoin mining in future.

So far, we have not heard of an increase in the size of tax deductions from Biden himself. The costs of fighting the coronavirus pandemic are growing, the money supply is increasing very quickly, and inflation will also rise. In these conditions, Biden will be forced to raise taxes, otherwise even the US economy will not be able to bear such large expenses.
In addition, probably this issue will not be decided by Biden himself, but by the US Congress. Together they will come to some optimal tax figures.

Oh great, you're one of those people? For some reason I thought you were Australian.

So you honestly believe Trump fired this Tweet out "off the cuff"?




The same reason any type of fanatic hates people for telling the truth: truth often goes against their beliefs and principles.


Now you're just straw-manning us here. But if you must know Bitcoin is valued in US dollars because that is the de facto world standard for fiat currency. The USD is worst currency ever tried, sans all the others.

AFAIK,capital gains tax is paid only if you sell the asset you are possessing.
If you HODL your Bitcoins,you don't pay capital gains tax.Imposing higher capital gains tax means that more investors will be motivated to HODL their Bitcoins,instead of selling them.This is actually good for the market.
This statement of Brandt is exaggerated.He spreads FUD,even though he says that he's a Bitcoin libertarian.
We knew that Biden/the democrats are going to raise the taxes.Why everyone is so surprised by that?

The senior old demented Biden actually hasn't said anything about anything, he has spokes-people who do his talking for him,

Trump was a twitter maniac

I don't think Biden has ever once in his entire political career said anything off the cuff.

Trump is/was serious there BTC isn't money

"Only gold is money, all else is credit" JP-Morgan.

...

Why do BITCOIN fanatics hate people for telling the truth??

BITCOIN is NOT money, get over it.

Why is BITCOIN valued in US-DOLLARS? The very currency that Satoshi's minions claim to hate?

Meh. However smart this guy may be, he's a hardcore Trump fan. He's part of a select crowd that desperately wants Biden to hate Bitcoin so his previously established viewpoint can be validated.



Meanwhile Biden hasn't actually said peep about Bitcoin, ever, and hey that's about as good as its gonna get as far as U.S. Presidents are concerned. Contrary to what Trump specifically said about Bitcoin, does anybody remember that?



To the tin-foil hat-wearing conspiracists among up: Why did Trump cave to the Reptilians demand that he publicly denounce Bitcoin, but Biden hasn't? Is Biden some kind of bad-ass or is was Trump a wuss?

It's not a matter of affiliation because I think that with the current landscape of crypto in USA, I think that Biden's regime is going to have a big impact to crypto as a whole. I wouldn't worry too much about it since I know that there the problem there won't persist that long.

Of course, the 'get rich quick people' don't care about taxes, that's an after thought they have to deal with, only old farts think about tax-planning.

Biden will do a lot of damage to BITCOIN, because these crashes will do a lot of damage to institutions. If BTC reverts to $10k like summer 2020, then $1T USD will have been wiped out, wiping out large institutions and wiping out their investors. There will be a huge demand on Biden to 'punish' the Greedy BTC gamblers.

Two weeks to date, with the -25% loss, aka $350B we haven't even begun to see the suicide reports, and carnage from margin-calls.

Bouncing back? Well that's the question, will the FED bail out Bitcoin? I think its possible, after all the FED-FIAT is free, $1T to save 'wall-street' is chump-change.


The summer  of 2020 said of BTC "Bitcoin is the New Cash", put your cash into BTC, and make more than 0.01% like the bank, or CD, or UST; That's the other thing too, in recent months UST is up, so lots of money moved out of BITCOIN, and back to UST

The entire thing is insane, to allow a speculative virtual asset with no backing, to become a 4th leg of the reserve-currency nation.

Simply put too much of the nations liquid-assets are tied up into a CHINESE (miners&hw) owned virtual-fraud, the COVID created the situation of easy cash that flooded the market, and obviously $1T flowed into BTC, but then it evaporated by 25%, who sold out at the top? What did they know? Like Archegos, its usually Goldman-Sacks and the big banks that control the FED, that save themselves first.

This sounds like something that affects far more than just bitcoin. In fact bitcoin may be the only thing that is either not affected or affected very little because people could simply hide the fact that they own any bitcoin or they can hide how much bitcoin they own but they can never hide their other assets for example their investment in centralized things that are already leaving a huge paper trail that IRS can easily gather and prosecute them for tax evasion while they can not prove how much bitcoin someone owns specially if OTC trades become more popular after this.

That is nonsense, bitcoin price went down for a couple of reasons and none of them had anything to do with this news.

This is another nonsense since all shitcoins including these ones get dumped each time bitcoin rises or falls. They never follow any world news.

The Biden administration is just months in office and yet there is that consensus forming that generally it is not that good for cryptocurrency especially Bitcoin. Under the rule of the Democrats, we can expect more regulations and of course tax is going to be the central part of those regulations. After 4 years in office, we might conclude that the Trump era can be better than what Biden has provided. But this can never be surprising at all.

What was Peter Brandt’s political affiliation during the election last year? I am not certain but he appears to be a progressive democrat hehehe. There was a thread on election betting in the gambling subforum. There were people there who speculated that Biden will be better for the cryptospace than Trump. I do not know if they have a similar opinion today, however. They might not anymore hehehehe.

After having been exposed to how Bitcoin works, Peter Brandt must have already known that Bitcoin grows no matter what the US government do. Biden may or may not increase the capital gains tax. That does not dictate on how Bitcoin would appreciate over time. It has been proven time and again that Bitcoin is gaining one step at a time despite being called all kinds of names, labelled as a criminal's money, a tool for money laundering, a currency for illegal transactions on the deep web, etc.

Biden's new tax policies don't bother me at all.

It's going to matter to so few people that it really does not matter.

1st it's US only
2nd it's only for people who have more then $1million profit
3rd it's only for LT gains

Carve out the few people that the proposed rules will actually matter to and it's a really small number of the BTC holders.
as @Tytanowy Janusz said this covers a lot of things besides BTC. But BTC is the only thing that fell. So no, it's not the taxing.

-Dave