How do you see this affecting the price?
Nahh it would never affect the price, people getting 30k btc at a bargain, they would never sell those off on exchanges the second they got them!
first thing they will do by my opinion is to sell them across all exchanges, then wait for even bigger plummet, and then rebuy.
one can only hope the price on auction wont be as low as we fear it will be.
Someone already bid market price -15% for all of them, so they won't go cheaper than 500ish. Since these coins will be sold only to Americans they will be subject to taxation if they sell within 1 year. So you think someone will dump these coins immediately and take a loss with paying taxes? After they would sell with slippage and pay taxes that would average under 400 per coin. So yeah, that's not gonna happen lol.
They only pay tax on profit, not the whole value of bitcoin.
That's not what Webslicer's CPA is saying. Since the procurement of said coins would be unknown unless you can show a receipt, You get taxed on purchase and sale price (they assume you mined all the coins).
Even mining operation has cost. Many miners actually lose money than make money mining.
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