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Carlsen
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November 11, 2016, 01:37:17 PM |
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I can imagine one thing:
Trump says he will deregulate the banking system. That would mean they can work again like before the crises in 2007.
And that will mean as well that they will make a lot of money the coming years. So banks won't see bitcoin as a competition anymore (I'm not sure if they ever really did).
Any rumors spread from their side will vanish. I think it will lead to an even more stable bitcoin.
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thejaytiesto
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Activity: 1358
Merit: 1014
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November 11, 2016, 02:26:23 PM |
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For all of you that seem confused, taxes are only on purchases and income. In that respect, bitcoin is already taxed in so much as it can be used to pay for someone's labor or purchase goods and services. The POTUS can't implement a tax on something because that item is "just hanging around".
Well as far as I know, when you convert your BTC to fiat, you will pay a tax due the increment of your capital... or at least that's the case in some countries. It sucks because like you said you already pay taxes when buying stuff, but there's another tax, the one I mentioned, when you increase your capital. That's why it would be ideal to work for BTC and buy with BTC, but if you want to buy a car or a house, you will need to pay taxes anyway since you can't hide that from the government. |
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cunicula
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Activity: 1050
Merit: 1003
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November 11, 2016, 02:32:38 PM |
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Red-Apple
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November 11, 2016, 03:18:50 PM |
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Since the election of Trump to the new US President yesterday, many questions about Bitcoin arise.
most of these are only questions without any backing facts which makes them mostly speculation! Will he promote Bitcoin and make it a breakthrough? Will he even officially ban Bitcoin? Will he make such a bad economic (and monetary) policy that Bitcoin will be seen as an alternative for many?
What do you think, what will a President Trump mean for Bitcoin?
it is hard to say anything at this point i think, but surely he is not going to start supporting bitcoin nor banning bitcoin officially and openly. |
--signature space for rent; sent PM--
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QuestionAuthority
Legendary
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Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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November 11, 2016, 03:22:24 PM |
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For all of you that seem confused, taxes are only on purchases and income. In that respect, bitcoin is already taxed in so much as it can be used to pay for someone's labor or purchase goods and services. The POTUS can't implement a tax on something because that item is "just hanging around".
Well as far as I know, when you convert your BTC to fiat, you will pay a tax due the increment of your capital... or at least that's the case in some countries. It sucks because like you said you already pay taxes when buying stuff, but there's another tax, the one I mentioned, when you increase your capital. That's why it would be ideal to work for BTC and buy with BTC, but if you want to buy a car or a house, you will need to pay taxes anyway since you can't hide that from the government. I know there are some countries that have special "flat taxes" like the APT tax in Buenos Aires and the Spahn tax in Belgium. Those are different from the usual taxes Americans pay. They are also a form of transaction tax which requires a transaction to initiate the tax just as a purchase does in the USA. The discussion was about Donald Trump's ability to tax the hell out of Bitcoin. Of course, as you know, Trump has no control over the taxation policies of other countries. In America, Bitcoin is already taxed when it's used for the purchase of goods and services or paying income. Trump does not need to take any action for Bitcoin to be taxed. |
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Dudeperfect
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November 11, 2016, 03:39:46 PM |
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I am not sure about it but I read somewhere that trump never used ATM and he has very little knowledge about computer so I don’t think trump will take any decision regarding bitcoin unless bitcoin come up with either extreme positive or negative news. He won’t take any decision on this own so there is no need to panic.
I have seen Trump coin traded on yobit, anyone has any idea about it?
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severaldetails
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November 11, 2016, 04:19:43 PM |
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Trump said during his campaign several times that he wanted to remove those regulations from the banks the Obama administration created.
Maybe that would be somehow possible for bitcoins as well.
Identification for buying or selling bitcoins on platforms for example could be simplyfied.
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ged00u
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November 11, 2016, 04:26:14 PM |
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Trump made an enormous impact on the world economic system which affects directly on the Bitcoin price in a positive way. Since Trump became the new President of USA, Bitcoin price increase about $40 more. However, the economy now is more stable and Bitcoin price also returns to its price before the election.
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prabowo96
Full Member
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Activity: 238
Merit: 100
it's showtime
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November 11, 2016, 11:43:00 PM |
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Since the election of Trump to the new US President yesterday, many questions about Bitcoin arise.
Will he promote Bitcoin and make it a breakthrough? Will he even officially ban Bitcoin? Will he make such a bad economic (and monetary) policy that Bitcoin will be seen as an alternative for many?
What do you think, what will a President Trump mean for Bitcoin?
He will follow the same steps from previous government, if bitcoin offer danger for USD, they will ban, btw Trump is just a puppet there. And I don't think an cryptocurrency is part of his government program. |
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mrcash02
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November 11, 2016, 11:48:24 PM |
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Nobody know with sure yet, only time will tell. I would like he let their mind open about the BTC, he is a smart guy and should see the benefits this coin can offer to everybody using this. Everything we heared until now about this subject is only speculation, because he didn't tell anything concrete about this yet, let's wait and see.
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LiberOptions
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November 12, 2016, 12:30:55 AM |
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Let's hope that he doesn´t cut the cord for innovation on the blockchain sector. But since he is an investor and a finacial guru I think that he is perfectly aware of bitcoin's nature and might be able try and use it on his own favor
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tyz (OP)
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Activity: 3360
Merit: 1530
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November 12, 2016, 12:52:45 AM |
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Oh, these numbers would make me worry. A Donald Trump can not allow that a nerdy currency to be more worth than its Trump empire  Bitcoin marketcap = 11 bi
Trump fortune = 3,7 bi
So I don't think he knows bitcoin or something like that. If the price goes up it's because people start to buy thinking in security.
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Catlonid
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November 12, 2016, 03:48:44 AM |
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no one knows about bitcoin which could Trump can push for bitcoin be the best investment. or it could be Trump or USA would prohibit bitcoin. we wait for what happens.
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aso118
Legendary
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Activity: 1918
Merit: 1012
★Nitrogensports.eu★
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November 12, 2016, 04:06:58 AM |
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Let's hope that he doesn´t cut the cord for innovation on the blockchain sector. But since he is an investor and a finacial guru I think that he is perfectly aware of bitcoin's nature and might be able try and use it on his own favor
You may call him a racist and a bigot, but nobody is calling Donald Trump dumb. I don't see him implementing anti-innovation measures, least of all on the blockchain sector. |
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The Sceptical Chymist
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Activity: 3332
Merit: 6809
Cashback 15%
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November 12, 2016, 04:10:29 AM |
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I'm at a disadvantage when giving my opinion about what politicians think (more so than others), as I don't watch TV and detest politics. However, I don't think bitcoin has registered with Trump--if he's even heard of it, it's not something he's spent a lot of time on. His thing is real estate and such things, and I highly doubt he's going to incorporate any cryptocurrency into his policies.
That's my thought, but good luck trying to predict what he's going to do. There's no F-ing way.
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springgers
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November 12, 2016, 04:13:14 AM |
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I don't think bitcoin have some effect in USA economy, they spend the bitcoin marketcap in a month with army...
People are here just figuring how to pump the coin with the news.
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BillyBobJoe
Member
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Activity: 119
Merit: 10
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November 12, 2016, 04:34:31 AM |
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To the OP. Most likely will mean NOTHING at all. Find some other issue to worry about.
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Leonard2016
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November 12, 2016, 04:43:32 AM |
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President Trump has been getting so much hype recently and i hope he lives up to the hype and don't dissappoint people after a while just like any other government official in all our lives.
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Selly Arumsari
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November 12, 2016, 04:51:48 AM |
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Since the election of Trump to the new US President yesterday, many questions about Bitcoin arise.
Will he promote Bitcoin and make it a breakthrough? Will he even officially ban Bitcoin? Will he make such a bad economic (and monetary) policy that Bitcoin will be seen as an alternative for many?
What do you think, what will a President Trump mean for Bitcoin?
i think president don't care about bitcoin and i am sure that he don't know about it everything he do , bitcoiner will keep and use bitcoin |
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