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

[Abigael]

I am glad that they are taxing the cryptocurrency and not banning them. But it might still lead to its price drop since not everyone is really enthusiastic about paying the taxes.

 

[Shigobad2020]

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.

It's normal that the insistence of Joe Biden to add tax to the people involving in crypto currency to affect the use of the coin, the crypto currency price will diminished and their will be increase in the transactions fee.

 

[Mayox25]

Government all over are always scared of what they can't control and cryptocurrency has for a long while been out of reach of many government of the world and they are looking for ways to have a hold on it.

 

[GIFTMICHAEL]

Your accounts only can be liquidated if you are tradinging future because that is the most dangerous and Also the most profitable, if you're not sure of the signal hundred percent then consider spot trading.

Already I'm not considering entering into futures anytime soon. On-spot can be considered since you can trade it long time and wait for the coin pairs to move up before selling.

 

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[GIFTMICHAEL]

Such condition isn't in effect again. It isn't affecting the traders, cos it wasn't signed and passed to the house of assembly to rubber stamp the law.

 

[Kelly5]

I still hold the belief that cryptocurrencies is not fiat currencies where such news of one government affects the price of that currency. This is different for cryptocurrencies

 

[Josemendez]

I still hold the belief that cryptocurrencies is not fiat currencies where such news of one government affects the price of that currency. This is different for cryptocurrencies

Like you said they are totally different but sadly the Decentralized nature of cryptocurrency is something that has not really contributes much towards it's success. Governments regulations have been an issue toward this regulation

 

[Senator]

I still hold the belief that cryptocurrencies is not fiat currencies where such news of one government affects the price of that currency. This is different for cryptocurrencies

I have known that for a long time as well that news doesn't have the effect it has on fiat currencies on cryptocurrency. They are just different in reactions to news

 

[HayKay]

In my honest opinion, I feel it's a welcome move. I mean when there are ways to generate income in this cash crunch - after all another economy here banned cryptos outright.
Another reason I feel the need to be taxed is to regulate the flow, in the sense that excess or ripping or illegalities are controlled. I mean all markets have monitoring agents right?

 

[Jlife]

Already I'm not considering entering into futures anytime soon. On-spot can be considered since you can trade it long time and wait for the coin pairs to move up before selling.

Lolz,you really have to be careful with future because your account can easily be liquidated,if your signal is not 95 percent accurate or 90 then is it advisable that you focus on spot.

 

[GIFTMICHAEL]

Lolz,you really have to be careful with future because your account can easily be liquidated,if your signal is not 95 percent accurate or 90 then is it advisable that you focus on spot.

Already I'm not considering Future trading in anyway via Binance or another other crypto trading platforms. I'm just focusing on holding my coins.

 

[Pousinha]

Yes, I think, obviously: the taxation decided by a country like the USA, unavoidably would affect the cryptocurrencies' value, as whatever relevant decision taken by politicians does. Cryptocurrencies and traders' taxation is to be expected. Very expert traders could make a lot of money by trading, whether FIAT, whether cryptocurrencies. Nobody could expect that governments would simply ignore these facts.

 

[Jlife]

Already I'm not considering Future trading in anyway via Binance or another other crypto trading platforms. I'm just focusing on holding my coins.

Holding is better but if you have up to $150 worth of cryptocurrency that you are holding for long-term investment ,you can stake the cryptocurrency for profit also .on monthly basis you will be receiving some percentage

 

[GIFTMICHAEL]

Holding is better but if you have up to $150 worth of cryptocurrency that you are holding for long-term investment ,you can stake the cryptocurrency for profit also .on monthly basis you will be receiving some percentage

One thing that makes me never love about staking is that, if the coins you staked on dropo down in price surely your investment will drop down too. I'm not in such kind of gamble.

 

[Kelly5]

Unfortunately, his insistence I only within the united States where his jurisdiction on any financial system stops. His insistence will in no way affect nothing on price of any cryptocurrency

 

[Jlife]

One thing that makes me never love about staking is that, if the coins you staked on dropo down in price surely your investment will drop down too. I'm not in such kind of gamble.

If you are investing in cryptocurrency for long-term you don't really have to consider if the price of coin is falling or is rising, you just be concentrating in your long-term investment.

 

[Senator]

Whatever joe Biden decises on what happens to the taxtion on cryptocurrency in united stats will.in no way affect the price of the cryptocurrency in general as it is not under the control of any government like the fiat currencies are

 

[GIFTMICHAEL]

If you are investing in cryptocurrency for long-term you don't really have to consider if the price of coin is falling or is rising, you just be concentrating in your long-term investment.

I didn't it oh to be frank with myself. But when I was investing i already summoned myself to take the risk no matter what. I'm not even bothered much if my coins didn't teach the expected mark in the next five years.

 

[Jlife]

I didn't it oh to be frank with myself. But when I was investing i already summoned myself to take the risk no matter what. I'm not even bothered much if my coins didn't teach the expected mark in the next five years.

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.