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

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Thinker009 said:
The news affected the price then with many traders taking out their investment very quick ,to reduce the amount of loss they might likely make from trading and some people who were holding were scared because they were evading tac
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You are right. When the president Joe Biden announced that he will taxed cryptocurrency trader, the price of cryptocurrency went down.

I think the traders don't want to be taxed because it will lessen their income.
 
Jlife said:
There is not how your cryptocurrency will not do at least x 5 in the next 2 to 3 years or even more , it depends on the type of cryptocurrency you were investing and if the total supply of the coin is much or not.
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That's my prayer that it increases to that level let me celebrate success for ones around Cryptocurrency in.my career ever since I developed interest on it.
 
GIFTMICHAEL said:
That's my prayer that it increases to that level let me celebrate success for ones around Cryptocurrency in.my career ever since I developed interest on it.
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I don't know if you are familiar with future trading, you can invest like $50 in a cryptocurrency you believe on in future using x 4 leverage or more and leave it for 1 year or more.
 
Jlife said:
I don't know if you are familiar with future trading, you can invest like $50 in a cryptocurrency you believe on in future using x 4 leverage or more and leave it for 1 year or more.
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Hmm, I don't think future trading of Cryptocurrency can be held for one year and expect such kind of high, cos the bearish run can still come and affect it.
 
GIFTMICHAEL said:
Hmm, I don't think future trading of Cryptocurrency can be held for one year and expect such kind of high, cos the bearish run can still come and affect it.
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You can be in future trade for even up to 10 years if you are discipline, that is why I said you should start with x 4 leverage, with good capital there is no how the bearish run can liquidate your account.
 
jeff87 said:
You are right. When the president Joe Biden announced that he will taxed cryptocurrency trader, the price of cryptocurrency went down.

I think the traders don't want to be taxed because it will lessen their income.
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Many traders usually use crypto currency to skip tax and there are fear that the government might introduce high taxation , this alone would create fear and panic among them
 
I believe that Joe biden's insistence on whether or not to tax crypto traders who are trading bitcoin and other cryptocurrencies is not a good one because you can't treat people for trading money.
 
Jlife said:
You can be in future trade for even up to 10 years if you are discipline, that is why I said you should start with x 4 leverage, with good capital there is no how the bearish run can liquidate your account.
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I was thinking in future trading one can easily see his funds being liquidated within short period of time. Can you please guide me on how to trade Future and ON spot?
 
GIFTMICHAEL said:
I was thinking in future trading one can easily see his funds being liquidated within short period of time. Can you please guide me on how to trade Future and ON spot?
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Future trading has the highest liquidity depending on the level you are using, using x 5 leverage means that you have increase your trading capital by x 5 and you can make x 5 profit or loss in whatever way the market goes.
 
Jlife said:
Future trading has the highest liquidity depending on the level you are using, using x 5 leverage means that you have increase your trading capital by x 5 and you can make x 5 profit or loss in whatever way the market goes.
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Thanks a lot dear, for taking your time to let me know what future trade is a about, and I've gotten some derivative about what you explained.
 
GIFTMICHAEL said:
Thanks a lot dear, for taking your time to let me know what future trade is a about, and I've gotten some derivative about what you explained.
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Yes and you can also do your own personal research on Google to find out more about how it work, there are a lot of things in cryptocurrency we need to learn if you want to go far into it.
 
Jlife said:
Yes and you can also do your own personal research on Google to find out more about how it work, there are a lot of things in cryptocurrency we need to learn if you want to go far into it.
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Thanks fir the tips you've given me at the moment at least. I'll make my own researches to get equipped then hopefully this year I'll get down with trading.
 
Whwn it comes to the issue of getting value for money,the supposed tax a government would want to introduced will not actually bring about a drop in its followership,as the benefts of quicker and cost effective service fae outweighs all these.
 
If Biden insists on taxing cryptocurrency traders, it will have a negative effects on the markets price of cryptocurrency and some traders may wants to avoid trading it.
 
Most investors whether in an online or offline activities do responds to what will bring them value.And the cryptocurency trading platform has actually helped in easing off stress in doing financial transaction and e-commerce.I don't think that would be an issue for a drop in the exchange platform.
 
Well, I believe that almost every country will impose some kind of tax on crypto assets and United States is not the only country to do that. recently, even South Africa also made several rules and regulations in regards to holding crypto and paying a good amount of tax on crypto.
 
Cryptocurrency investment has grown massively, so many governments want to increase revenue by imposing taxes on both trading profits and capital gains. Likewise, the application of taxes by Joe Biden will certainly have an effect on price reductions, but only temporarily.
 
GIFTMICHAEL said:
Thanks fir the tips you've given me at the moment at least. I'll make my own researches to get equipped then hopefully this year I'll get down with trading.
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There are A lot of group you can also join on WhatsApp but avoid some telegram group because they will not give you direct information as most of them are scams, i wish you all the best.
 
I think it would but I don't think it would be that much effective. Not as much as Elon musk as affected these tokens in the Past couple of months.
 
When governments of the world finally renders the cryptocurrency from decentralized to somewhat centralized by their involvement, then threats like Bidens' might begin to hold water
 
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