Do you think Biden's insistence to tax crypto traders will affect BTC, ETH and other coins value??

[Sincerem]

News bursting this morning 23/04/21, on the radio stations, television channels, and the world wide web etc. Said, Joe Biden's administration wants to put a law that demands every crypto trader in the united state, paying tax for their involvement in crypto investment. It is viewed as a means of generating more revenue income to the U.S government, since Cryptocurrency investment is on the massive growth. Do you think taxing every trader will halt the progress around Cryptocurrency?? Already the negative effect is taking place, all the coins are on the massive drop after the announcement.

 

[Eodine]

Of course, every decision intended at crypto would have both positive and negative effects just that the positive might be more. For this Biden decision, we have seen many laws try to restrict crypto but hasn't really worked so I don't believe this one will have much negative impact.

 

[Sincerem]

I'll be hoping that your words is the reality in the future. Cryptocurrency is set to stay for longer time. It is viewed as source of investment even to the national level. Imposing tax payment isn't all that bad, depending how much one makes from it.

 

[Ehizzy1]

True i think the news also contributed to the huge drop , but instead of banning cryptocurrency its still okay they put tax to get more revenue

 

[Dowenship]

News bursting this morning 23/04/21, on the radio stations, television channels, and the world wide web etc. Said, Joe Biden's administration wants to put a law that demands every crypto trader in the united state, paying tax for their involvement in crypto investment. It is viewed as a means of generating more revenue income to the U.S government, since Cryptocurrency investment is on the massive growth. Do you think taxing every trader will halt the progress around Cryptocurrency?? Already the negative effect is taking place, all the coins are on the massive drop after the announcement.

Its not will it... its already happening... We are seeing the effect from all altcoin generally on red non is on green the ones on green are probably new lunch coins..

 

[Justin]

I don't know whether this will affect crypto currency value or not but I believe of crypto trading is brought under the tax frame, it will send positive vibes in the market. It will instill trust in the currency trading.

 

[Kunkun]

It probably will, the tax value is to significant not to discourage investors, why pay 40 Percent as tax because I earned from crypto, it makes no sense whatsoever and they should think about the people and not just themselves

 

[McIrx]

Considering the significant drop in price major coins have witnessed, it's safe to say that Biden's stance is affecting the market. The effect of the news will soon fizzle out though, and crypto market should enjoy another spike.

 

[Sincerem]

Its not will it... its already happening... We are seeing the effect from all altcoin generally on red non is on green the ones on green are probably new lunch coins..

Hmm, the effect is really hard on those coins. Maybe the traders aren't in agreement with that, that prompted such panic to flip their coins up.

 

[mubinadaddy]

The decision surely will have positive and negative impact, but I guess the positive aspect of it will supercede the negative side of it cause cryptocurrency is the new currency which money can be made massively with the use of technology.

 

[Dowenship]

Hmm, the effect is really hard on those coins. Maybe the traders aren't in agreement with that, that prompted such panic to flip their coins up.

Actually part of the proposal started that any investor holding an asset more than a year are paying high parentage of the asset they are holding

 

[GIFTMICHAEL]

This news is all over both in the social medias and on the web. I'm just feing perplexed to see this coins losing value cos of this decision made by Joe Biden.

 

[Kingsley]

Rather than banning the trading of crypto in the U.S. if this is how the U.S. government decides to impose tax on crypto that will be to strengthen the trading Market in the U.S. and this will help to expand the market in other countries.

 

[Ralphjoe]

As far as I am concerned, this law that Joe Biden has put in place to tax all cryptocurrency traders in the US would actually give cryptocurrency the great acceptance that it has always craved for for a long time now and this will also make it more acceptable as a currency of payment worldwide thereby increasing the worth of the whole cryptocurrency value chain.

 

[Mostee501]

I think Joe Biden's insistence on tax on cryptocurrency traders will affect the transaction rates in cryptocurrency and the prices as well.

 

[Damscooguns73]

Concerning if Biden's insistence to tax cryptocurrency trader will affect Bitcoin, ethereum and other coin values. Well, we already saw the effect of the market dropping in value when the news was announced, it really showed a negative impact on all the crypto currency I am familiar with but they are making their rises again

 

[Ehizzy1]

This news is all over both in the social medias and on the web. I'm just feing perplexed to see this coins losing value cos of this decision made by Joe Biden.

During that period the news affected the price of bitcoin. Before the price of bitcoin start regaining value it took a very long time and it was a very big surprise to me

 

[joy101]

I think the news is everywhere even on social media, radio television, I hope the cryptocurrency will affect the bitcoin ethereum and even other cryptocurrency.

 

[Shigobad2020]

News bursting this morning 23/04/21, on the radio stations, television channels, and the world wide web etc. Said, Joe Biden's administration wants to put a law that demands every crypto trader in the united state, paying tax for their involvement in crypto investment. It is viewed as a means of generating more revenue income to the U.S government, since Cryptocurrency investment is on the massive growth. Do you think taxing every trader will halt the progress around Cryptocurrency?? Already the negative effect is taking place, all the coins are on the massive drop after the announcement.

The insistence of Joe Biden to put a tax on crypto traders have already been affecting crypto currency like bitcoin and ethereum, imaging bitcoin falling drastically to $48,000 during this few month says it all.

 

[btaliat]

The policy has two implications. It is either it increases the price of crypto currency or reduces it. But any which way, the policy is just a fraction on cryptocurrencies users. I mean Americans are not the only determinant of cryptocurrencies