I think bitcoin can continue drive progress more years even it has no legal acceptance.
Topic: Reason Behind Bitcoin’s Price Crash Revealed (Read 1583 times)
Many countries governments are against bitcoin. That’s why investors are confused to invest on this project. For this reason its price crash and i believe situation will change and price will rise again.
l don't believe many countries are against bitcoin , this is just simply manipulation in the crypto market and also politics playing around bitcoin price action movement , the Government are control by individual politician that saw opportunity to use their veto power to control how the price of bitcoin is been move with respect to time through the medium of fake news that scared trader to sell at low . most countries that kick against bitcoin now encourage their citizen for example the south korea trade crypto asset. great. thank you for your link. i will read it.
I think we do not need to know much, because then the bitcoin will rise again and people will forget it. Now is the time to relax after the profitable business that many people will probably lose, not just anyone. Keep calm and bitcoin will come back
. 
I think this will be burdensome for those who have bitcoin, and if with high taxation they will charge the crypto holders, but I hope there is an equally beneficial solution.
Early investors in Bitcoin are faced with large capital gain taxes from the profit they made in 2017.
Read more here: https://smartereum.com/5636/the-real-reason-behind-bitcoins-price-crash-revealed-tue-aug-7/
Qoute from that link,way back 2014 IRS made an announcement that crypto's are defined as a property and not a currency.
So as such they are entitle to pay thier taxes as property owners.
LOL this will not be even applied to the while world,like in Asia in which majority of the countries that using or having bitcon has no regulation about bitcoin so how can you out taxes on them?zthis in a jok dude because remember that bing decentralized market we are not covered by the laws fromach countries unless you are a miner or unless your country has a regulatory commission thats pointing towards crypto Read more here: https://smartereum.com/5636/the-real-reason-behind-bitcoins-price-crash-revealed-tue-aug-7/
Qoute from that link,way back 2014 IRS made an announcement that crypto's are defined as a property and not a currency.
So as such they are entitle to pay thier taxes as property owners.
Bitcoin investors in the united states are selling off their crypto to pay off capital gain tax. First time investor in bitcoin are faced with large capital gain taxes from the profit they made in 2017.
First of all, bitcoin is not only limited to United states and even if we believe US citizens are dumping bitcoins to avoid taxes , then we cannot have such a major dump only because of one country. I think negative news all around and delay of ETF is the major cause of recent dump.
Taxation is not the reason for price drop and this is not something that has occured for the first time. Even if it has some influence, it's not worth mentioning.
Besides, taxes are not payed on Bitcoin itself but on Bitcoin transactions or some Bitcoin related business.
In fact I don't agree with such theory at all.
Besides, taxes are not payed on Bitcoin itself but on Bitcoin transactions or some Bitcoin related business.
In fact I don't agree with such theory at all.
We dont also pay tax on bitcoin transaction but we are only paying for the miner's feein order for our transaction to be processed .
Speaking of tax , i agree that bitcoin cant be taxed because it is not regulated by the banks or goverment . so i also agree that this theory isnt true at all .
The crash on the other hand is only caused by other factors such as manipulation and fuds .
bitcoin market fallen down and many analysis show different reason for this fall but I hope it will be come back again.
I concur with you and maybe future bitcoin contract is conceivable to be incorporated into this crash. the sharks are attempting to make some terrible news for bitcoin as a decent opportunity to cover shabby bitcoins before enormous waves.
I think I side with you, these revelations can be substantiated if bitcoin rises and the bull runs happens. This year has been filled with several speculations in the world of bitcoin.
great. thank you for your link. i will read it.
Early investors in Bitcoin are faced with large capital gain taxes from the profit they made in 2017.
Read more here: https://smartereum.com/5636/the-real-reason-behind-bitcoins-price-crash-revealed-tue-aug-7/
Qoute from that link,way back 2014 IRS made an announcement that crypto's are defined as a property and not a currency.
So as such they are entitle to pay thier taxes as property owners.
Read more here: https://smartereum.com/5636/the-real-reason-behind-bitcoins-price-crash-revealed-tue-aug-7/
Qoute from that link,way back 2014 IRS made an announcement that crypto's are defined as a property and not a currency.
So as such they are entitle to pay thier taxes as property owners.
It is really obvious that Bitcoin will have a correction like this. And I think that someday it will return or get even higher than the all time high. This will be an opportunity to buy now.
Early investors in Bitcoin are faced with large capital gain taxes from the profit they made in 2017.
Read more here: https://smartereum.com/5636/the-real-reason-behind-bitcoins-price-crash-revealed-tue-aug-7/
Qoute from that link,way back 2014 IRS made an announcement that crypto's are defined as a property and not a currency.
So as such they are entitle to pay thier taxes as property owners.
So, this is some question i want to ask;Read more here: https://smartereum.com/5636/the-real-reason-behind-bitcoins-price-crash-revealed-tue-aug-7/
Qoute from that link,way back 2014 IRS made an announcement that crypto's are defined as a property and not a currency.
So as such they are entitle to pay thier taxes as property owners.
1. How can IRS make a conclusion thay cryptos is a property? And how much power the IRS is to defined it?
2. Even if this true. How to track all transcation from 3-4 years ago and get their identity with decentralized system? Using what punishment?
We talk about investors globally, i do not think it is possible. Added with different tax regulation in some country.
Please share your thoughts
I agree with the points that you made. The fact is that the IRS cannot track every single cryptocurrency related transaction due to the anonymous nature of this market no matter how much manpower they possess at the end of the day.
It is quite obvious that the primary reason for Bitcoin crashing in price is due to the fact that many investors were simply pulling out their profits due to the bans imposed by several countries scaring them and spreading fear.
Different sources come up with different results about the reasons behind bitcoin's price crash. I have read some sources but only one of those reason got my attention was the alleged Venezuelan oil-backed cryptocurrency Petro. No matter what the reason behind bitcoin's market price crash will be, i am optimistic that bitcoin will rise again soon.
ETorro's chief executive, Russia, said that the flow of "mass market customers" seeking to participate in digital money flow led to a sudden rise in bitcoin prices to $ 20,000 in October. two.
"There are a lot of people behind bitcoin and other digital coins, and we should understand that soaring digital prices in the last few months are all related to a stream of money from customers," Verbitsky told RT. In the mass market, even retired people want to invest. "
Experienced investors know that the bitcoin honeymoon cannot last forever. Those who are slow are often punished by the market. "
"Successful diggers and investors know they need to diversify and that is how they make real money. Those who make money from ICOs will pay developers. "
"There are a lot of people behind bitcoin and other digital coins, and we should understand that soaring digital prices in the last few months are all related to a stream of money from customers," Verbitsky told RT. In the mass market, even retired people want to invest. "
Experienced investors know that the bitcoin honeymoon cannot last forever. Those who are slow are often punished by the market. "
"Successful diggers and investors know they need to diversify and that is how they make real money. Those who make money from ICOs will pay developers. "
Early investors in Bitcoin are faced with large capital gain taxes from the profit they made in 2017.
Read more here: https://smartereum.com/5636/the-real-reason-behind-bitcoins-price-crash-revealed-tue-aug-7/
Qoute from that link,way back 2014 IRS made an announcement that crypto's are defined as a property and not a currency.
So as such they are entitle to pay thier taxes as property owners.
Read more here: https://smartereum.com/5636/the-real-reason-behind-bitcoins-price-crash-revealed-tue-aug-7/
Qoute from that link,way back 2014 IRS made an announcement that crypto's are defined as a property and not a currency.
So as such they are entitle to pay thier taxes as property owners.
I dont think that tax evasion was the reason or the only reason for the retracement we saw in the bitcoin and the whole crypto market capitalization. There are many other things like the inception of bitcoin futures (which allows traders to make money even when bitcoin going down) and then there were panic sellers who sold when they saw the price keeps going down. It was just a normal market cycle and whales taking advantage of the situation in my opinion.
Well, this is nothing new in the world of government vrs money making civilians. Governments are always trying to get something out of your profit making activities as such so far as you make profits, they won't leave you alone.
Taxation is not the reason for price drop and this is not something that has occured for the first time. Even if it has some influence, it's not worth mentioning.
Besides, taxes are not payed on Bitcoin itself but on Bitcoin transactions or some Bitcoin related business.
In fact I don't agree with such theory at all.
Besides, taxes are not payed on Bitcoin itself but on Bitcoin transactions or some Bitcoin related business.
In fact I don't agree with such theory at all.
There was a price rally in the last quarter of last year and when the big whales and institutional investors decided to exit from the market, it created a panic selling wave that resulted in the ultimate 65% correction in the market. I don't see any other strong reason for the market to fall in such a way.
Bitcoin investors in the united states are selling off their crypto to pay off capital gain tax. First time investor in bitcoin are faced with large capital gain taxes from the profit they made in 2017.
I think we can hardly impose taxes on bitcoins. So, this reason is unreasonable. This is mainly due to whales. They sell it in bulk. Many investors also keep quiet. They waited and did not want to invest at this time.
Jump to: