Last 48 hours indicated a clear attempt to flip two coins BTC with BCH but it appears that BTC is still favored by people and has a huge support. The price of BCH will drop below 1000$ while BTC will move back to previous positions 7500$.
As I stated before ..BCH as an Alt works for me
BUT ..if you can just fork off of BTC or whatever and have your forked coin born at an alt at say $10 rather than 10c as was common at best with an alt coin launch
we are gonna see lots of wtf forked coins springing out of all the main crypto's in mass
won't it be fun when the IRS add up all the money these 'supposed' paper profit coins were worth when they hit the world and the IRS says it is pure profit INCOME so
send
them a check...even if during the year they tank ( but you can take up to 3k loss per year forever!)
unlikely as hell, my CPA said this kinda thing would most likely be (99% plus) treated as a stock split....just leave it alone
but look at mining ....the IRS hates money from the air ( or gold from the ground) thus treated as income like a job and taxed accordingly
they do the same thing with 'fantasy fork money' and I'm screwed
you want to kill btc or crypto that would be a start thou
not gonna happen, just scaring you guys...but still gives me the shudders
