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Author Topic: How does the 2017 tax deadline affect the bitcoin price?  (Read 64 times)
minhdang2212
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April 09, 2018, 05:06:03 AM
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Every year on April 15th is considered to be the last day that citizens of the United States and United Kingdom are required to complete their income tax return. In december of this year, the price of BTC increased nearly $ 20,000 and anyone who took advantage of the words BTC at that time has made quite big profits and of course they need to pay taxes.
Will bitcoin have a big dump run before April 15th?
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minhdang2212
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April 09, 2018, 05:31:07 AM
 #2

This market is still dependent on many US investors, if they have not reported taxes, they also do not dare to invest capital into cryptocurrency. And the market will remain bleak
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April 09, 2018, 05:39:05 AM
 #3

Would a person be taxable if he or she bought on January 2017, sold on December 2017 then bought back on March 2018?

I believe you are not taxable unless the fiat is wired in your bank account.

Is there an accountant in the forum?


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sate_padang
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April 09, 2018, 05:41:48 AM
 #4

I think the American and British taxes do not really affect the bitcoin price, so bitcoin will not dump before the 15th of April.
easybtcearn2017
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April 11, 2018, 11:56:40 AM
 #5

Its hard to predict future and anything may happen as bitcoin is famous for its volatility. Though bitcoin market is dependent on many US investors but they will not invest on bitcoin without paying tax. So don’t think there will be much effect of it on bitcoin.
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April 14, 2018, 04:53:14 PM
 #6

Every year on April 15th is considered to be the last day that citizens of the United States and United Kingdom are required to complete their income tax return. In december of this year, the price of BTC increased nearly $ 20,000 and anyone who took advantage of the words BTC at that time has made quite big profits and of course they need to pay taxes.
Will bitcoin have a big dump run before April 15th?

The pump and dump scheme is the very rule of every kind of investment and there are several factors that regulates the valuation of BTC and the income tax return is one of the major factor among them and yes 2017 tax deadline affect the bitcoin price, those who made great profits in the last month of December, now has to pay very great and huge taxes and thus is plays a very crucial role in fluctuation in valuation of BTC.
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April 15, 2018, 04:57:51 AM
 #7

Its hard to predict future and anything may happen as bitcoin is famous for its volatility. Though bitcoin market is dependent on many US investors but they will not invest on bitcoin without paying tax. So don’t think there will be much effect of it on bitcoin.
Yes that is right that it is not possible to predict 100% correct predicition about bitcoin, although some good and expeirence investors and traders can give some good prediction about bitcoin but still i think that it is not so easy to predict about the bitcoin price. my own predicition will be although i do not know that it will proves as correct or wrong but i will say that bitcoin will become more popular in near future and therefore its price will also continue increasing for a long time. Therefore i think that we have a very good opportunity to invest money in bitcoin in current time.

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crocozino
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April 15, 2018, 05:17:55 AM
 #8

I doubt this date could play a huge role for bitcoin price itself, but some whales or just someone powerful enough can use use this date as reason to attack the market
cause the information reason is there already, all you need to do is use it wisely..
so it may be possible..
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April 15, 2018, 05:18:08 AM
 #9

I think that does not matter much, because we see that bitcoin holders are not just American and British, and if that happens then our chance to buy more and sell in December.
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April 15, 2018, 06:01:00 AM
 #10

Every year on April 15th is considered to be the last day that citizens of the United States and United Kingdom are required to complete their income tax return. In december of this year, the price of BTC increased nearly $ 20,000 and anyone who took advantage of the words BTC at that time has made quite big profits and of course they need to pay taxes.
Will bitcoin have a big dump run before April 15th?
Each year on April 15th is considered the last day that citizens of the Unified States and Uk are required to complete their taxes return. In december on this year, the price of BTC increased practically bucks 20, 000 and anyone who took good thing about the words BTC at that time has turned quite big profits as well as they need to pay taxes.
Can bitcoin have a major get rid of run before April fifteenth?
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April 15, 2018, 06:36:43 AM
 #11

I think we might even see some people selling some coins after the deadline, because it is a new tax year and everyone did not want to sell everything in the same tax year. <The price is quite low now, so you might not see a lot of that, but people without liquidity wants to prevent higher tax brackets and have to wait for a new tax year to sell more coins>

The liquidity is a factor, when you bought coins with debt that you have to pay back.  Roll Eyes

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April 15, 2018, 06:40:33 AM
 #12

Every year on April 15th is considered to be the last day that citizens of the United States and United Kingdom are required to complete their income tax return. In december of this year, the price of BTC increased nearly $ 20,000 and anyone who took advantage of the words BTC at that time has made quite big profits and of course they need to pay taxes.
Will bitcoin have a big dump run before April 15th?

Once they have sorted out their taxes for this year, they will be ready to invest more for next year. It will push the prices up.
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April 15, 2018, 06:47:58 AM
 #13

Until you cash out, you don't need to pay taxes, so.. Why people would like to pay more and to pay sooner? Many people think that other people will sell for pay taxes, but imho it is a big LOL doing this.

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April 15, 2018, 06:54:21 AM
 #14

Every year on April 15th is considered to be the last day that citizens of the United States and United Kingdom are required to complete their income tax return. In december of this year, the price of BTC increased nearly $ 20,000 and anyone who took advantage of the words BTC at that time has made quite big profits and of course they need to pay taxes.
Will bitcoin have a big dump run before April 15th?

Once they have sorted out their taxes for this year, they will be ready to invest more for next year. It will push the prices up.

But maybe they want to invest in cryptocurrency including bitcoin with this situation, I am sure after they finish their taxes, they will not directly invest in cryptocurrency, they will first to analyze bitcoin if no bitcoin potential will go as I once sure they just be silent while waiting for the normal situation.
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April 23, 2018, 03:18:20 AM
 #15

Bull market is my prediction and I'm sticking with it.
I've watched my portfolio slowly grow over the past week and I think it's safe to say there are much better times ahead of us.
Thankfully, he US tax season is over, so the crypto market can recuperate much of its losses.

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April 23, 2018, 03:36:48 AM
 #16

Well as it has already passed, we've seen that it really doesn't do a lot to the price itself. Some may say that it has recovered the bull market, but I think that the market moves in it's own way and doesn't care about the news which is surrounding it. As I think that we hit the bottom and then we just started going up and up, after a pretty large slump from 20k to 6k.

So, It didn't do much. People just hyped it up like they do everything else.

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April 23, 2018, 06:03:39 AM
 #17

we should expect massive sales of crypto currency, as investors are trying to reduce their tax obligations - this can put pressure on prices. According to Trump's new tax law, short-term possession of a crypto-currency (less than a year) will be taxed at a rate of 10-37%, and long-term - up to 20%. It is expected that the crypto exchange will also promote sales, as they retain most of their working capital in bitcoin and air.
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