Prophet of Bitcoin says USA Crypto Exchanges all collapsing due Trumps 1031 axe

[1bitcoinsnet]

This just hit social media and already BTC is falling

https://www.soladoni.com/trump-tax-law-destroys-usa-crypto-exchanges-industry/

Last week he said BTC was going to 10K and within 48 hours it plunged to 11K

So he explains very well why USA eliminating rule 1031 like for like trades means no more crypto exchanges in USA

[RealJoshuar]

Why should crypto be tax free? People do understand that taxes pay for everything around you, roads, schools, public buses, road signs, road lights, fixing of potholes, and a lot, lot more etc

[1bitcoinsnet]

Why should crypto be tax free? People do understand that taxes pay for everything around you, roads, schools, public buses, road signs, road lights, fixing of potholes, and a lot, lot more etc

first it's the trades

you mined coins years ago, it cost you money and time

now you put those valuable coins say into eth or something

you merely trade out into other coins

for ever it was a like for like trade rule 1031 no taxes

now the irs is waiting for money you never see

so you can no longer do trades from old cheap coins into huge amounts of new cheap coins

you think a miner that moves 1 million bucks into say eth has 200K to pay the irs for his move of btc into eth

now if the miner cashed out, okay

but the project began as an anonymous and outside the system project

as soon as you bring btc into exchanges to trade the irs wants all that tax on value even if you don't take the cash today but reinvest in similar stuff

now do you understand why every usa exchange will close

they make their money on trades not fiat exits

so now every person in the usa with coin will use foreign exchanges that don't report to the usa

so a huge segment of the bitcoin industry is now destroyed thanks to the moron in chief that wants to keep everyone a slave wage to his empire

now if you think traders should pay taxes on paper profits, well i got a glass of cool aid for you to drink

trading has made crypto the 800 billion dollar industry it is and it doesn't need usa based exchanges, they do very little of the volume anyway, now they will all just close and die off

then people will wonder why the usa is years behind the world in crypto

then maybe there can be jobs here, usa workers will be cheap and paid in worthless fiat and the new lords will all be yellow with slanty eyes

[stompix]

So you just had to start another thread with the same topic...
https://bitcointalk.org/index.php?topic=2650827.msg27014797#msg27014797

One wasn't enough...
Of course compared to the the other twenty it's nothing

How is your "prophet" doing on the other predictions..
Seems to me like he must change the gods that send him the prophecies, pretty inaccurate these days....

[1bitcoinsnet]

So you just had to start another thread with the same topic...
https://bitcointalk.org/index.php?topic=2650827.msg27014797#msg27014797

One wasn't enough...
Of course compared to the the other twenty it's nothing

How is your "prophet" doing on the other predictions..
Seems to me like he must change the gods that send him the prophecies, pretty inaccurate these days....

yep I got it pre release I pay for his emails

so I should of said in other thread, oh I got it from his pay email alerts

now it's free and public domain and it's his warning not mine

I stand in awe of the man who speaks and the market moves

Let's see last week 48 hours before the dip, he warned btc then 19K or so was going to 10k, 48 hours later it hit 11k a sure miss

now he did say the big picture is 2 weeks to 2 months, for btc and bch to both be 10k and then both take off to 50k

the same guy in june when the big explosion didn't happen yet said btc to go to 30k soon, and sure enough it went to almost 20, now he is still calling for 50k

same guy wrote his book years ago explaining how crypto would take over the world and btc would see 500k ranges after 5k and then 50k

so he's dead on

2 weeks to 2 months from dip lets see where btc and bch is

however, Trumps tax axe killing like for like and 1031 trades may effect bch, since he said coinbase was supposed to play a big part in bch moving to equal value with btc, maybe that is off the table now

but bch used to trade 5% of btc, it was 22% recently and now is 18%

so until he says something changed like USA exchanges effecting stuff just read his words they come true

now did btc dip after he said? yep almost to the number

now did bch close the value gap, not 100% but 5% to 22% is great

now does anyone think usa investors in btc will start paying taxes on trades they see no profit on now? heck no

so yeah, he's once again way ahead of everyone and that's why I pay his 99 a month to get his emails before everyone else

I exited coinbase last night

lets see how many get stuck in usa exchanges

I hear you can't exit from bittrex already

haha