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Author Topic: Why is it dropping again?  (Read 1818 times)
Cyberlight
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April 02, 2014, 04:52:00 PM
 #21

Taxes put the great impact on the price.

Yes they killed the gold and stock market totally.
tvbcof
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April 02, 2014, 04:55:46 PM
 #22


The biggest pressure on me at the moment is that I have to both pay 2013 taxes and make estimates on 2014.


Taxes on profits, what do you expected ? make 100%'s of profit with zero taxes ?

I always expected to pay my taxes.  Is there something in what I wrote that would make you think otherwise?

Obviously until the formal guidance from the IRS was issued it was somewhat unclear what the tax ramifications were going to be.  The guidance happened recently, and we are also nearing the deadline for actually putting money on the table here in the U.S.

My point is that even those of us who always expected to pay taxes may find a need for fiat liquidity, and those who did not (perhaps arguing that without formal guidance it was less of an obligation) may as well.


sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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April 02, 2014, 05:26:53 PM
 #23

Hopefully petition goes through and IRS makes much needed amendments on BTC, no bandaid solutions  Grin

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