Bitcoin Forum
October 17, 2018, 09:36:48 PM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 [4] 5 6 »  All
  Print  
Author Topic: Reason Behind Bitcoin’s Price Crash Revealed  (Read 1310 times)
anitaraymonds
Full Member
***
Offline Offline

Activity: 420
Merit: 100



View Profile
August 17, 2018, 11:18:06 AM
 #61

Early investors in Bitcoin are faced with large capital gain taxes from the profit they made in 2017.

Read more here: https://smartereum.com/5636/the-real-reason-behind-bitcoins-price-crash-revealed-tue-aug-7/

Qoute from that link,way back 2014 IRS made an announcement that crypto's are defined as a property and not a currency.
So as such they are entitle to pay thier taxes as property owners.

But seeing crypto as an asset instead of digital currency which it is, was not successful when SEC mentioned it. Was there another deliberation where finally
it was agreed that bitcoin is not a  digital currency but an asset now. I can not remember such news.

1539812208
Hero Member
*
Offline Offline

Posts: 1539812208

View Profile Personal Message (Offline)

Ignore
1539812208
Reply with quote  #2

1539812208
Report to moderator
1539812208
Hero Member
*
Offline Offline

Posts: 1539812208

View Profile Personal Message (Offline)

Ignore
1539812208
Reply with quote  #2

1539812208
Report to moderator
1539812208
Hero Member
*
Offline Offline

Posts: 1539812208

View Profile Personal Message (Offline)

Ignore
1539812208
Reply with quote  #2

1539812208
Report to moderator
Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
nidacoinlove
Sr. Member
****
Offline Offline

Activity: 504
Merit: 251


View Profile
August 17, 2018, 11:35:58 AM
 #62

Early investors in Bitcoin are faced with large capital gain taxes from the profit they made in 2017.

Read more here: https://smartereum.com/5636/the-real-reason-behind-bitcoins-price-crash-revealed-tue-aug-7/

Qoute from that link,way back 2014 IRS made an announcement that crypto's are defined as a property and not a currency.
So as such they are entitle to pay thier taxes as property owners.

But seeing crypto as an asset instead of digital currency which it is, was not successful when SEC mentioned it. Was there another deliberation where finally
it was agreed that bitcoin is not a  digital currency but an asset now. I can not remember such news.
Unfortunately we have friends around who are trying to explain Bitcoin to the people who don't know it by themselves that currency by itself is an asset. Currency is a current asset. I guess before we come to explain bitcoin on any forum we should at least study the fundamentals of economics. So that we have a good idea of what we are saying otherwise we will see the same blunders happening in this forum repeatedly.

Horraygram
Newbie
*
Offline Offline

Activity: 57
Merit: 0


View Profile
August 17, 2018, 11:48:51 AM
 #63

There is another reason behind the crash of BTC price is Google has recently announced of banning all ads related crypto currency for which the price of BTC has been low throughout the month.
TomJ.Lawson
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
August 17, 2018, 11:54:28 AM
 #64

Investors has to pay off the tax from the crypto currency they have made profit which is quite large in amount. So due to paying off capital gain tax is responsible for the sudden crash of bitcoin price.
angelakrasnova
Member
**
Offline Offline

Activity: 252
Merit: 10


View Profile
August 17, 2018, 12:52:56 PM
 #65

I agree that there is a lot of money and profits that people earned on the growth of bitcoin! what is happening now - the drop of bitcoin, this is due to the fact that in New York a lot of investors have taken to enter bitcoin! but these investors will enter the crypto market, only then - when bitcoin will fall to 5000 dollars! Today crypto market is very much manipulated! because of this price bitcoin is artificially lowered!
cpoer2011
Full Member
***
Offline Offline

Activity: 462
Merit: 108



View Profile WWW
August 17, 2018, 01:02:01 PM
 #66

Are you sure this is the main cause that makes bitcoin price crash so bad? I thought is because of something else like some exchangers got hack or it just followed the trends like last year. Keep the faith for bitcoin.

               ♦      GΞMΞRA      ♦     Crypto-Token Backed by Colombian Emeralds     [  WHITEPAPER  ]              
     ▬▬▬    PRE-SALE  ▶  Sep 10th - Oct 24th     JOIN NOW & get 20% BONUS!    ▬▬▬    
♦          TELEGRAM        TWITTER        FACEBOOK        YOUTUBE         MEDIUM         GITHUB         LINKEDIN          ♦
BitcoinLoan
Sr. Member
****
Offline Offline

Activity: 574
Merit: 250


The Future Of Work


View Profile
August 17, 2018, 04:35:22 PM
 #67

Are you sure this is the main cause that makes bitcoin price crash so bad? I thought is because of something else like some exchangers got hack or it just followed the trends like last year. Keep the faith for bitcoin.
The bitcoin boom seems to be over for now, it’s currently trading at $6,4500 and I personally welcome it. The market is telling us something loud and clear, we do not need 1000 different alt coins (alternative currencies) and the crash will most certainly get rid of these. A consolidation of quality projects within crypto will bring about the start of true bitcoin dominance.



███████████████████████████████████████
███████████████████████████████████████
███████████████████████████████████████
███████████████████████████████████████
███████░░░░░░░░░░░░░░░░████████████████
███████░░░░░░░░░░░░░░░░████████████████
███████░░░░░░░░░░░░░░░▄████████████████
███████░░░░░░░░░░░░░▄██████████████████
███████░░░░░░░░░░░▄█████▀░░░░░░░███████
███████░░░░░░░░░▄█████▀░░░░░░░░░███████
███████░░░░░░░▄█████▀░░░░░░░░░░░███████
███████░░░░░▄█████▀░░░░░░░░░░░░░███████
███████░░░▄█████▀░░░░░░░░░░░░░░░███████
███████░▄█████▀░░░░░░░░░░░░░░░░░███████
████████████▀░░░░░░░░░░░░░░░░░░░███████
███████████████████████████████████████
███████████████████████████████████████
███████████████████████████████████████
███████████████████████████████████████

BLACKBOX OS
The Future of Work. Decentralized.
███████████████████
███████████████████
████████████▀▀█████
███████▀▀▀    █████
███▀    ▄▄▀  ▐█████
█████▄▄█     ██████
██████▌ ▄█▄  ██████
███████████████████
███████████████████




█ ANN THREAD █
blackandwhite89
Newbie
*
Offline Offline

Activity: 112
Merit: 0


View Profile
August 17, 2018, 04:50:45 PM
 #68

The reason behind the price problem of bitcoin was happened because of that news. Otherwise, there was no reason of changing the price of bitcoin overnight.
jackpot888
Newbie
*
Offline Offline

Activity: 112
Merit: 0


View Profile
August 17, 2018, 05:02:38 PM
 #69

Cryptocurrency is a virtual currency, not more than that. There shouldn’t be any tax on virtual currency. Because it’s not property. A virtual currency only.
SoliDCoiNs777
Newbie
*
Offline Offline

Activity: 112
Merit: 0


View Profile
August 17, 2018, 05:11:57 PM
 #70

I heard the news what you shared. I think adding tax in case of cryptocurrency is not a good idea. Because it’s a cryptocurrency, not any property. We use cryptocurrency to buy anything from online. There shouldn’t be any tax.
cryptoking963
Newbie
*
Offline Offline

Activity: 51
Merit: 0


View Profile
August 17, 2018, 05:25:35 PM
 #71

Adding tax in bitcoin really make tough to survive bitcoin owners. As per me tax is the major reason of bitcoins fall. It shouldn’t
EdwardClinton
Newbie
*
Offline Offline

Activity: 92
Merit: 0


View Profile
August 17, 2018, 05:52:29 PM
 #72

It is a matter of great sorrow that tax has been imposed and if this kind of thing happens then it will become very difficult for the investors to survive here.
Luckycoins999
Newbie
*
Offline Offline

Activity: 84
Merit: 0


View Profile
August 17, 2018, 05:56:35 PM
 #73

Although the IRS’s statements indicate Bitcoin as property but I don’t think the world is not taking it that way. It’s still considered and dealt as a currency I in the world especially in USA
CryptoBry714
Newbie
*
Offline Offline

Activity: 70
Merit: 0


View Profile
August 17, 2018, 06:06:28 PM
 #74

I don’t think is situation will stay long. This kind of announcement of course the main reason behind the market crash but I believe this is temporary and the market will recover soon
BlackAngel999
Newbie
*
Offline Offline

Activity: 82
Merit: 0


View Profile
August 17, 2018, 07:12:38 PM
 #75

Oh how it is possible to count tax on Bitcoin I don’t understand at all. The crypto market is not stable like properties. So it will be very complex to impose tax. I doubt that the process will work
kingofhell9008
Newbie
*
Offline Offline

Activity: 82
Merit: 0


View Profile
August 17, 2018, 08:01:46 PM
 #76

many news hit the market everyday but bitcoin doesn't really get much effected by this and if you don't get influence by them then it will not make a big difference for the market so investors are the main to control the market
coinpedia240
Newbie
*
Offline Offline

Activity: 98
Merit: 0


View Profile
August 17, 2018, 08:20:20 PM
 #77

Bitcoin is responsible for market crash in order to cross the price. Because the market system was stable and there was no price disaster. But in the last year, Bitcoin can see that it will move very fast and bring profits.
chaoscoinz
Sr. Member
****
Offline Offline

Activity: 567
Merit: 251


View Profile
August 17, 2018, 08:26:28 PM
 #78

Early investors in Bitcoin are faced with large capital gain taxes from the profit they made in 2017.

Read more here: https://smartereum.com/5636/the-real-reason-behind-bitcoins-price-crash-revealed-tue-aug-7/

Qoute from that link,way back 2014 IRS made an announcement that crypto's are defined as a property and not a currency.
So as such they are entitle to pay thier taxes as property owners.
I am not sure if this is the entire reason for the crash, but only partly the case. The only thing that will cause the market to grow at this point, would be from organic growth. 
     If you follow the market data of Bitcoin itself, then research news articles on days of the downtrending, you will see a persistent pattern. Everytime a major government agency, whether in the U.S, or Europe, China, etc, issues a statement of regulating policies regarding crypto, the news sends the market into a frenzy. Whenever there is news of a major crypto heist from hackers, the market goes into a frenzy.
    The U.S is the trendsetter when it comes to finance and politics. Other smaller countries usually wait until the U.S issues their guidance upon a worldwide matter before making any sudden advancements.
    With the recent news of the SEC postponing the Bitcoin ETF proposals, the market has gone into another frenzy. The more good news we receive from the governments, the more stable the prices will become, in my opinion!
cryptorampage963
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
August 17, 2018, 09:00:27 PM
 #79

Bitcoin is responsible for the market volatility behind the price reduction. Anything that can happen if the market is not stable. Because Bitcoin is the most popular, it will turn very fast.
btchunter786
Newbie
*
Offline Offline

Activity: 112
Merit: 0


View Profile
August 17, 2018, 09:34:16 PM
 #80

Bitcoin prices have decreased slightly but there has been no such disaster for which there will be anxiety. It is natural that the price will decrease and increase. Bitcoin is dependent on liquids so prices can decrease or increase.
Pages: « 1 2 3 [4] 5 6 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!