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Title: Occam's Razor Post by: Torque on March 24, 2015, 03:22:28 PM LMAO at everyone panicking.
Selloff is to pay the tax man, nothing more. Happened last year this time too. Good buying opp. We'll be back up in May. Title: Re: Occam's Razor Post by: bri912678 on March 24, 2015, 03:31:00 PM Which country are you talking about? When do the US and Chinese tax men want paying? I guess those two countries would affect the market the most.
Title: Re: Occam's Razor Post by: WhatNow44 on March 24, 2015, 03:33:47 PM Taxes.
hahahahahahahahah Title: Re: Occam's Razor Post by: dropt on March 24, 2015, 03:40:31 PM Taxes. hahahahahahahahah Two first posts are of shit quality and posted in Speculation? Thanks for the heads up to ignore your worthless drivel. Cheers! :-* Title: Re: Occam's Razor Post by: AnotherNewbie? on March 24, 2015, 03:44:07 PM Taxes. hahahahahahahahah Two first posts are of shit quality and posted in Speculation? Thanks for the heads up to ignore your worthless drivel. Cheers! :-* Title: Re: Occam's Razor Post by: kwukduck on March 24, 2015, 04:01:50 PM Yea, cause nobody knew that was coming...
Nonsense. It just shows how strong, or rather weak, the support at this price level really is. It took 3 weeks to get from this level to the peak, just 2 dumps with regular day volume to bring it all the way down again. Time to wake up and sell before you lose everything. Title: Re: Occam's Razor Post by: Chef Ramsay on March 24, 2015, 04:09:55 PM Theoretically, taxes have to be paid in the USA by April 15th but people usually start filing in February if they want to get their returns back earlier.
Title: Re: Occam's Razor Post by: HarmonLi on March 24, 2015, 04:14:30 PM Interesting theory, well you are right that we've seen a pretty steep drop exactly one year ago. Same time next year we should all go and prepare for the last week of March, I guess...
Title: Re: Occam's Razor Post by: Torque on March 24, 2015, 04:30:51 PM Theoretically, taxes have to be paid in the USA by April 15th but people usually start filing in February if they want to get their returns back earlier. Yep. And if you sell certain assets (like stocks) to pay taxes, it can take 3-4 business days to close, and another 3-4 business days for a bank transfer. Title: Re: Occam's Razor Post by: uki on March 24, 2015, 04:53:25 PM makes much more sense to me than any recent news (either positive or negative) that were linked to be behind the price moves.
Title: Re: Occam's Razor Post by: stonerider on March 24, 2015, 05:02:57 PM Torque's right, the current dip is due to US tax payers selling their bitcoins to pay the IRS. This sell-off may continue until April 15th. We apologize for creating a panic selling pressure, this is just temporary, please HODL if you can.
Title: Re: Occam's Razor Post by: bri912678 on March 24, 2015, 05:29:23 PM Torque's right, the current dip is due to US tax payers selling their bitcoins to pay the IRS. This sell-off may continue until April 15th. We apologize for creating a panic selling pressure, this is just temporary, please HODL if you can. What about Chinese tax payers? China has a massive effect on the market too. China and the US have to be the two biggest players because the USD and CNY markets have the biggest volumes on the echanges. Title: Re: Occam's Razor Post by: pooya87 on March 24, 2015, 05:36:33 PM this shows that a large number of investors in bitcoin are just newbies that saw a big price (number) one day and read some happy to the moon posts/news and hopped on the train with the hope of getting rich quick. but these people jump of the train everytime it enters a tunnel.
Title: Re: Occam's Razor Post by: Meuh6879 on March 24, 2015, 05:36:52 PM Title: Re: Occam's Razor Post by: AtheistAKASaneBrain on March 24, 2015, 05:53:41 PM LMAO at everyone panicking. You cannot pin poin a price drop to a single particular thing like "oh its just people cashing out to pay taxes". Too many variables to tell.Selloff is to pay the tax man, nothing more. Happened last year this time too. Good buying opp. We'll be back up in May. Title: Re: Occam's Razor Post by: bitards on March 24, 2015, 06:14:39 PM How is a tax sell off the simple explanation. Bitcoin being worthless crap is the simplest explanation.
Title: Re: Occam's Razor Post by: SilenceOfTheLamb on March 24, 2015, 06:18:38 PM Torque's right, the current dip is due to US tax payers selling their bitcoins to pay the IRS. This sell-off may continue until April 15th. We apologize for creating a panic selling pressure, this is just temporary, please HODL if you can. What about Chinese tax payers? China has a massive effect on the market too. China and the US have to be the two biggest players because the USD and CNY markets have the biggest volumes on the echanges. -They don't pay taxes in China, it's all free. -All free? Free my ass. What are you, a fuckin' commie? Huh? Title: Re: Occam's Razor Post by: Morecoin Freeman on March 24, 2015, 07:10:27 PM Title: Re: Occam's Razor Post by: bassclef on March 24, 2015, 07:36:34 PM this shows that a large number of investors in bitcoin are just newbies that saw a big price (number) one day and read some happy to the moon posts/news and hopped on the train with the hope of getting rich quick. but these people jump of the train everytime it enters a tunnel. It's the psychology of a bull market. It'll happen again and again. Title: Re: Occam's Razor Post by: uki on March 24, 2015, 10:04:51 PM this shows that a large number of investors in bitcoin are just newbies that saw a big price (number) one day and read some happy to the moon posts/news and hopped on the train with the hope of getting rich quick. but these people jump of the train everytime it enters a tunnel. It's the psychology of a bull market. It'll happen again and again. Title: Re: Occam's Razor Post by: brokenchair on March 25, 2015, 11:00:49 AM this shows that a large number of investors in bitcoin are just newbies that saw a big price (number) one day and read some happy to the moon posts/news and hopped on the train with the hope of getting rich quick. but these people jump of the train everytime it enters a tunnel. It's the psychology of a bull market. It'll happen again and again. Wrong. Bitcoin has little chance to rebound to all time highs. There has been way to much shorting, panic selling, dumping whatever at the slightest increases, and it seems apparent that few people are willing to gamble that btc will see absurd increases. Manipulators fucked up, got greedy, and instead of re instilling confidence in the market by holding, they profit take every chance they get. You could even look at that article about the whale trading club or some bullshit from a few weeks ago. These douchebags have no problem openly admitting that they make more money when btc goes down, that they collaborate about doing it, and the worst part is people sit there praising them going "they bring liquidity derp." I am also 100 percent convinced any of the pro bitcoin big players are either in on this shit, or don't give a fuck, as they have done nothing to stop it. Title: Re: Occam's Razor Post by: Shiver on March 25, 2015, 02:33:45 PM Which nation has jurisdiction to enforce taxes on BTC? It's the only FIAT without a country.
I'm told US citizens are taxable anywhere in the world, but I get the impression that is the exception rather than the rule, and only 5% of the world population, and even then a US citizen can disengage if they choose. My origin country, domicile, business incorporation, play ground are all different (aiming for the 5 flags/PT setup, but not quite there yet), but still, I'm not sure who would claim rights over me for taxes*. I'm for sure not the only one who does this. There must be millions of people doing something similar. All legal and above board. *I still have to pay taxes on beer, gas, food etc via sales tax/VAT/GST in whatever place I happen to be at the time. |
