Reason Behind Bitcoin’s Price Crash Revealed

[tunapa]

I don't really think this alone can cause market crash to the extent we experienced of recent. Something else had added to it. So many bad news were released during the early days of the week and this caused why all the crash happens. Series of bad news.

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[kenmobility]

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.

Personally, i doubt if this is the reason behind the crash, i don't see any way that IRS can be able to enforce this going by the decentralization of the system, they are just blabbing if you ask me.

[Gabali126]

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 still confused as to why cryptocurrency should be regarded as a property thereby mandating people to pay tax on it. Cryptocurrency should be seen as money or currency and not as a property.

[dlhezter]

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 still confused as to why cryptocurrency should be regarded as a property thereby mandating people to pay tax on it. Cryptocurrency should be seen as money or currency and not as a property.

I agree since Bitcoin price is in Dip state now, But Im sure at the Q4 of the month it will rise again like last years happens.

[YellowRose]

I think It’s difficult for all to make a tax since Bitcoin value is unstable. There are some loopholes on this directive cause Bitcoin is not only a assets it is in fact a currency by which anyone can bye good in online.

[Brutea]

i think tax maybe the main reason behind the crash of bitcoin's price. i think authority should create a rules regarding the tax issue. maybe this is the solution for this problem.

[PoliteHyena]

i don't think this is main issue for bitcoin's crash issue. maybe the tax has some impact on this issue. but i don't think this is the main reason.

[BattleHippo]

The price of Bitcoin is very unstable so it is difficult to make a tax in it. There are many loops on this provision because it is not only a property but also a currency. Using Bitcoin you will be able to buy goods or products online.

[Demonster]

Bitcoin prices are very volatile, so taxing is hard to do in this. And it is too hard to make a tax on Bitcoin where its market is even bigger than US market. You should follow the trends only. It will make you more profitable.

[Ahimoth]

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.

I think that this event is just an advantage for us to make a better living in this system. There's no other way to deal with that and I think it would be best to learn from that. Let's take the lesson it gave us and avoid doing it again. Now that the reason behind has been unfold we should really be careful next time and never do that again.

[ribowo76]

The current situation seems very confusing to me, too many perceptions about the fall in the value of bitcoin and altcoin. I think, the current situation tends to be due to the protracted discussion of regulation regarding bitcoin so that it greatly affects prices

[crazymelons12]

I think it was more of maturity than just any other reasons. I think people did learn that what really is feeding the real value of bitcoin are the investors that buys it. And without any actual usage nobody will gain as much. So how did those early investors get their profit? So it is for certain that it was because many are buying and holding it and selling when others came in to invest such that holders gain from the investments of others indirectly.  And now these others we refer to might have made loses and now they are the ones who wanted to retrieve their invested money. And then as time goes by these investors have slowly made it outside the cryptoworld thus making the investor lesser by count. Which then makes the price low due to less demands.

[cryptocoinshunter007]

Don't be anxious, Bitcoin platform is a big platform for investors and investing in bitcoin is very profitable for cryptopeole. It is very hard to track all of the transections and get their real identity.

[saaux]

That's normal because these months are called dead months. so all its investors have many needs to their owners so the ending, the collapse of the price of coins.

[Ilegendph]

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.

As far as the definition of taxation is concern, the government can not tax bitcoin because it is not a property of that particular country. The property is only taxed if it is acquired in the country by using its resources and its either manpower or natural resources.

[A Feeder]

The reason why the price of bitcoin was crash because of the bitcoin holders monitor the rules that are being implemented by various countries regarding bitcoin tax regulations but even that is happened keep fighting that the price go back quickly.

[10BTCaDay]

The collapse of the price is that the main manipulators are waiting for more people to enter the bitcoin precisely for this is the price drop.

[stayeduptolate]

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.

We all know that all these crypto currencies are completely volatile in nature and therefore their valuation keeps on flactuation and varies according to market demand and supply and some flactuation in valuation is also contributed by the kind of investment so it is very obvious that higher the number of investors and higher the amount they are investing in crypto, higher will be demand and higher will be the valuation and after the December pump, there are lots of people who sold their coin resulting in decrease in demand and the crash in bitcoin valuation.

[bitcoinVPSD]

I think we can hardly impose taxes on bitcoins. So, this reason is unreasonable. This is mainly due to whales. They sell it in bulk. Many investors also keep quiet. They waited and did not want to invest at this time.

[TARUN GUPTA]

Bitcoin investors in the united states are selling off their crypto to pay off capital gain tax. First time investor in bitcoin are faced with large capital gain taxes from the profit they made in 2017.