Bitcoin is responsible for the market volatility behind the price reduction. Anything that can happen if the market is not stable. Because Bitcoin is the most popular, it will turn very fast.
Topic: Reason Behind Bitcoin’s Price Crash Revealed - page 3. (Read 1583 times)
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.
I am not sure if this is the entire reason for the crash, but only partly the case. The only thing that will cause the market to grow at this point, would be from organic growth. 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.
If you follow the market data of Bitcoin itself, then research news articles on days of the downtrending, you will see a persistent pattern. Everytime a major government agency, whether in the U.S, or Europe, China, etc, issues a statement of regulating policies regarding crypto, the news sends the market into a frenzy. Whenever there is news of a major crypto heist from hackers, the market goes into a frenzy.
The U.S is the trendsetter when it comes to finance and politics. Other smaller countries usually wait until the U.S issues their guidance upon a worldwide matter before making any sudden advancements.
With the recent news of the SEC postponing the Bitcoin ETF proposals, the market has gone into another frenzy. The more good news we receive from the governments, the more stable the prices will become, in my opinion!
Bitcoin is responsible for market crash in order to cross the price. Because the market system was stable and there was no price disaster. But in the last year, Bitcoin can see that it will move very fast and bring profits.
many news hit the market everyday but bitcoin doesn't really get much effected by this and if you don't get influence by them then it will not make a big difference for the market so investors are the main to control the market
Oh how it is possible to count tax on Bitcoin I don’t understand at all. The crypto market is not stable like properties. So it will be very complex to impose tax. I doubt that the process will work
I don’t think is situation will stay long. This kind of announcement of course the main reason behind the market crash but I believe this is temporary and the market will recover soon
Although the IRS’s statements indicate Bitcoin as property but I don’t think the world is not taking it that way. It’s still considered and dealt as a currency I in the world especially in USA
It is a matter of great sorrow that tax has been imposed and if this kind of thing happens then it will become very difficult for the investors to survive here.
Adding tax in bitcoin really make tough to survive bitcoin owners. As per me tax is the major reason of bitcoins fall. It shouldn’t
I heard the news what you shared. I think adding tax in case of cryptocurrency is not a good idea. Because it’s a cryptocurrency, not any property. We use cryptocurrency to buy anything from online. There shouldn’t be any tax.
Cryptocurrency is a virtual currency, not more than that. There shouldn’t be any tax on virtual currency. Because it’s not property. A virtual currency only.
The reason behind the price problem of bitcoin was happened because of that news. Otherwise, there was no reason of changing the price of bitcoin overnight.
Are you sure this is the main cause that makes bitcoin price crash so bad? I thought is because of something else like some exchangers got hack or it just followed the trends like last year. Keep the faith for bitcoin.
The bitcoin boom seems to be over for now, it’s currently trading at $6,4500 and I personally welcome it. The market is telling us something loud and clear, we do not need 1000 different alt coins (alternative currencies) and the crash will most certainly get rid of these. A consolidation of quality projects within crypto will bring about the start of true bitcoin dominance. 
Are you sure this is the main cause that makes bitcoin price crash so bad? I thought is because of something else like some exchangers got hack or it just followed the trends like last year. Keep the faith for bitcoin.
I agree that there is a lot of money and profits that people earned on the growth of bitcoin! what is happening now - the drop of bitcoin, this is due to the fact that in New York a lot of investors have taken to enter bitcoin! but these investors will enter the crypto market, only then - when bitcoin will fall to 5000 dollars! Today crypto market is very much manipulated! because of this price bitcoin is artificially lowered!
Investors has to pay off the tax from the crypto currency they have made profit which is quite large in amount. So due to paying off capital gain tax is responsible for the sudden crash of bitcoin price.
There is another reason behind the crash of BTC price is Google has recently announced of banning all ads related crypto currency for which the price of BTC has been low throughout the month.
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.
But seeing crypto as an asset instead of digital currency which it is, was not successful when SEC mentioned it. Was there another deliberation where finally
it was agreed that bitcoin is not a digital currency but an asset now. I can not remember such news.
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.
But seeing crypto as an asset instead of digital currency which it is, was not successful when SEC mentioned it. Was there another deliberation where finally
it was agreed that bitcoin is not a digital currency but an asset now. I can not remember such news.
Maybe it can be a reason behind BTC price fall, but it cannot be the only reason. Because the price fall is larger than if everyone paid their tax completely.
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