Is Tax holding back bitcoin from going to the Moon

[batang_bitcoin]

Is it possible that bitcoin isn't as bullish as we all expected it to be because of the crypto tax that every price gains is likely to invite as a form of capital gains? Lets the math, what is the possibility of the whales and all parties that are affected by the capital gains which will attract this tax in having a hand to control(manipulate) price just so they stay below the tax threshold and buy time to take out their profits?

I don't think that there's relation of taxes and bitcoin's bullish form. It's a different matter and we usually are just relating every move of bitcoin to the market.
So if there's something that's holding back from bitcoin then it's us, we panic sell, we add pressure to the market and that's making others do the same as well.
It is the force that we're having and whatever the whales do, it's the bigger contribution that holds bitcoin's price.

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[bhooscream]

What tax? In my country, there is no tax for holding Bitcoin. So, how can tax influence Bitcoin price?
Anyway, as far as I know, Bitcoin price cannot be fully controlled by any party. Bitcoin price is always increasing as far as there will be positive news about Bitcoin's future. At the end of the day, Bitcoin still can go to the moon if it is always supported to soar by any parties in crypto world.

[Hypnosis00]

Is it possible that bitcoin isn't as bullish as we all expected it to be because of the crypto tax that every price gains is likely to invite as a form of capital gains? Lets the math, what is the possibility of the whales and all parties that are affected by the capital gains which will attract this tax in having a hand to control(manipulate) price just so they stay below the tax threshold and buy time to take out their profits?

The fact that we are still anonymous, there is still a way to deny the total amount of our crypto holding and only we could pay taxes based on what we declare on the paper but nobody from the government ask for it. Are they?

As long as our funds keep on the crypto market we no longer pay any taxes but somehow, we can't just leave it there forever, we usually converted it to fiat money leading us to pay taxes as mandated by the law. But, this never had an impact on the market and stopped Bitcoin from going to the moon. It moves depending on the market demand, not because of taxes coz that only apply to fiat money.

[dupee419]

It doesn't, but personally it holds someone's holding back, if you'll cash out your holdings, there's a fee in order to compensate for tax whenever you cashout or make a transaction, it's annoying and I hate how some of these exchanges use up a high cashout fee, personally, it holds us back but Bitcoin can still go to the moon, regardless of tax.

[Wawa2013]

Is it possible that bitcoin isn't as bullish as we all expected it to be because of the crypto tax that every price gains is likely to invite as a form of capital gains? Lets the math, what is the possibility of the whales and all parties that are affected by the capital gains which will attract this tax in having a hand to control(manipulate) price just so they stay below the tax threshold and buy time to take out their profits?

I don't think that there's relation of taxes and bitcoin's bullish form. It's a different matter and we usually are just relating every move of bitcoin to the market.
So if there's something that's holding back from bitcoin then it's us, we panic sell, we add pressure to the market and that's making others do the same as well.
It is the force that we're having and whatever the whales do, it's the bigger contribution that holds bitcoin's price.

It's true that taxes have nothing to do with the movement of Bitcoin, After all, not all countries impose taxes on income earned from Bitcoin.
So I don't agree that taxes are the reason why Bitcoin prices don't pump, because Bitcoin price movements are based on supply and demand.
If more and more people buy Bitcoin, then the price of Bitcoin will continue to rise. Why is the price of Bitcoin holding back from rising right now,
because there are still more investors selling Bitcoin than buying Bitcoin. Therefore we need good news, to trigger FOMO, so that Bitcoin can go
to the moon. At least for now what we can do is be patient holding Bitcoin until the Bitcoin price recovers again, and don't panic if we see
Bitcoin's performance declining.

[michellee]

We can not deny the crypto tax that will come anytime depending on each government but I think bitcoin will have a bullish time many times in the future and I think bitcoin can get another bullish in a short time this year. The whales will still play on the market while they will withdraw their profit anytime and they will not have a mind if they need to pay tax. We do not have to worry about the tax because the government applies a high tax fee to the crypto user. After all, if they do that, they will face the people who will object to their regulation.

[batang_bitcoin]

Is it possible that bitcoin isn't as bullish as we all expected it to be because of the crypto tax that every price gains is likely to invite as a form of capital gains? Lets the math, what is the possibility of the whales and all parties that are affected by the capital gains which will attract this tax in having a hand to control(manipulate) price just so they stay below the tax threshold and buy time to take out their profits?

I don't think that there's relation of taxes and bitcoin's bullish form. It's a different matter and we usually are just relating every move of bitcoin to the market.
So if there's something that's holding back from bitcoin then it's us, we panic sell, we add pressure to the market and that's making others do the same as well.
It is the force that we're having and whatever the whales do, it's the bigger contribution that holds bitcoin's price.

It's true that taxes have nothing to do with the movement of Bitcoin, After all, not all countries impose taxes on income earned from Bitcoin.
So I don't agree that taxes are the reason why Bitcoin prices don't pump, because Bitcoin price movements are based on supply and demand.
If more and more people buy Bitcoin, then the price of Bitcoin will continue to rise. Why is the price of Bitcoin holding back from rising right now,
because there are still more investors selling Bitcoin than buying Bitcoin. Therefore we need good news, to trigger FOMO, so that Bitcoin can go
to the moon. At least for now what we can do is be patient holding Bitcoin until the Bitcoin price recovers again, and don't panic if we see
Bitcoin's performance declining.

The bitcoin market is clearly going with supply and demand and there's really nothing to do with taxes. But if the taxes are going to make that much demand.
Maybe we can agree to those that are saying that it is the taxes that are making and helping bitcoin's price to pump and not holding back.

[geegaw]

What tax? In my country, there is no tax for holding Bitcoin. So, how can tax influence Bitcoin price?
Anyway, as far as I know, Bitcoin price cannot be fully controlled by any party. Bitcoin price is always increasing as far as there will be positive news about Bitcoin's future. At the end of the day, Bitcoin still can go to the moon if it is always supported to soar by any parties in crypto world.

Indeed, there is currently no public summary of the tax on bitcoin and the government also seems to refuse to comment on it, once without such specific paperwork and legal work, the inhabitants of bitcoin will still live in autonomy, this means that the value of bitcoin can still go from moon to moon of another world and each moon it approaches, a lot of members will join to increase fuel and speed of the route. Taxes are not enough to block the space of bitcoin, to blockade will need to conduct and cooperate from high-level to low-level apparatus, this is a highly fictitious story

[tokyohd]

Is it possible that bitcoin isn't as bullish as we all expected it to be because of the crypto tax that every price gains is likely to invite as a form of capital gains? Lets the math, what is the possibility of the whales and all parties that are affected by the capital gains which will attract this tax in having a hand to control(manipulate) price just so they stay below the tax threshold and buy time to take out their profits?

Cryptocurrency is always strange, it is not possible to say with certainty what happens here. But I also agree with you, the tax has prevented Bitcoin from going to the moon. The crypto market is an unregulated market which is why it is so popular. I think this tax will have a negative effect on cryptocurrency.

[AakZaki]

Cryptocurrency is always strange, it is not possible to say with certainty what happens here. But I also agree with you, the tax has prevented Bitcoin from going to the moon. The crypto market is an unregulated market which is why it is so popular. I think this tax will have a negative effect on cryptocurrency.

positive or negative impact on crypto depends on how the regulation is given to cryptocurrencies. The application of taxes to crypto also requires some research to determine who is taxed and what percentage of the tax must be paid. The more crypto-documented, of course, the more complex the problems that will be faced. the government also compensates so that they can get new coffers from every crypto user.

[Sanitough]

What is the price you think that would convince yourself that bitcoin is already on the moon? That's the first thing you have to determine because in the past people are already saying that bitcoin has already gone to the moon and yet we are still expecting the same now.

 The bull run is here, there's no price limit as it could go beyond our expectation, but as an investor, we should be smart and be more realistic with our goal so we can do a timely action to sell for profit, otherwise, we will miss the opportunity.

[DarkDays]

Lets the math, what is the possibility of the whales and all parties that are affected by the capital gains which will attract this tax in having a hand to control(manipulate) price just so they stay below the tax threshold and buy time to take out their profits?

The possibility of whale manipulating the market just so that they don't go above their tax threshold is something I don't buy. From my view, with this argument business owners will never grow their business to stay under the tax bracket, investors will never maximise their investing potential and so on.

There are always ways to reduce these burdens, it is not a matter of keeping something low level on the contrary...

[marilynmanson21]

adoption of btc hasn't stopped or slowed down and for regulatory and tax issues it's a perfect match which will automatically attach to it which is unavoidable so there's no denying that these regulations getting stricter do make the situation more difficult, but
sometimes I think,  where do they calculate the income tax from crypto? what we know is that crypto prices sometimes go up sometimes down, do they only count when the bitcoin price has a high price without thinking about the loss when the bitcoin dump

[fara_buduk]

adoption of btc hasn't stopped or slowed down and for regulatory and tax issues it's a perfect match which will automatically attach to it which is unavoidable so there's no denying that these regulations getting stricter do make the situation more difficult, but
sometimes I think,  where do they calculate the income tax from crypto? what we know is that crypto prices sometimes go up sometimes down, do they only count when the bitcoin price has a high price without thinking about the loss when the bitcoin dump

I agree with you how the government will calculate the value that must be paid from bitcoin / crypto income, maybe the percentage that has been set by the government from the profits or assets collected from all transactions and how they look for the history of these transactions because as a trader it is impossible to stay in one market and wallet