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

[GIFTMICHAEL]

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.

Thanks a lot dearie,most of the telegram groups are full of scams. They always saying nice things but to no avail with most of them.

 

[Alexandoy]

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.

If there will be a tax on the crypto coin industry there will surely be an effect on the investors, on the wallet providers and on the exchange market. However, the effect will depend on the rate of tax that the government will levy on the transaction, on the wallet and on the exchange market.

 

[BrolySSJ]

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.

I think that if there is an instance where bitcoin and other cryptocurrency are forcibly taxed then it will cause a lot of people to actually move away from cryptocurrency because it will need to be regulated in order to implement these taxes and therefore it will go against the decentralized nature of crypto currency.

 

[Setho]

This is definitely going to make a very telling effect on bitcoin on it's all the prices of other alternative coins but with time they are going to come back up again.

 

[Kelly5]

If Joe Biden tasks those engaged in cryptocurrency trading in the united states of America, that does not affect the price of the Bitcoin as it is not like the dollar that the united states control

 

[Jlife]

Thanks a lot dearie,most of the telegram groups are full of scams. They always saying nice things but to no avail with most of them.

There are some telegram group that will have up to 300,000 members, even with this most of them are not trusted as they can still scam you of your hard earned money, we just need to be careful.

 

[Dagm1]

I have no idea whether this will certainly impact crypto money worth or otherwise however I think of crypto trading is actually brought under the tax obligation framework, it will certainly send out favorable feelings on the market. It will certainly impart rely on the money trading.

 

[Setfragil]

If there will be a tax on the crypto coin industry there will surely be an effect on the investors, on the wallet providers and on the exchange market. However, the effect will depend on the rate of tax that the government will levy on the transaction, on the wallet and on the exchange market.

You are absolutely correct. The rate of tax level on cryptocurrency transactions will determine the effects it will have on the wallet and exchange market. If the tax rate is much definitely it will have a negative effect on cryptocurrency market exchange.

 

[Sincerem]

I think that if there is an instance where bitcoin and other cryptocurrency are forcibly taxed then it will cause a lot of people to actually move away from cryptocurrency because it will need to be regulated in order to implement these taxes and therefore it will go against the decentralized nature of crypto currency.

Yes, if the government brings such law forcibly into Cryptocurrency, that will dent its adoption by many. No one will ever love such kind of motion as a trader.

 

[GIFTMICHAEL]

There are some telegram group that will have up to 300,000 members, even with this most of them are not trusted as they can still scam you of your hard earned money, we just need to be careful.

Yes, even if they have one million followers we see many of them as doubt cis they don't live to expectations dear. That's why I don't pay attention.

 

[Jlife]

Yes, even if they have one million followers we see many of them as doubt cis they don't live to expectations dear. That's why I don't pay attention.

Some of them might even be taking signal from top crypto traders and the posting in their group for people to subscribe so they can have an opportunity to dupe the person.

 

[Sincerem]

Those that claims to be expert analyst taking money from beginners aren't experts they're simply criminals in the crypto space. If they claim to have such ability they ought to have started on their own and make their millions without taking those pennies from the beginners.

 

[Senator]

No matter what happens, the prices of cryptocurrency will remain as they are either diving into the dip or pumping up as they always do. And that will happen not because of anything Biden has imposed on his citizens on cryptocurrency

 

[GIFTMICHAEL]

Some of them might even be taking signal from top crypto traders and the posting in their group for people to subscribe so they can have an opportunity to dupe the person.

That's the way they operate too. They are never straightforward. Wanting to dupe individuals you doesn't have enough by all means.

 

[BrolySSJ]

Yes, if the government brings such law forcibly into Cryptocurrency, that will dent its adoption by many. No one will ever love such kind of motion as a trader.

And I think that this is extremely worrying because cryptocurrency is a decentralized system and therefore it is primarily dependent on how people perceive the cryptocurrency world so negative me as such as this will greatly impact how it develops in the future.

 

[Jlife]

That's the way they operate too. They are never straightforward. Wanting to dupe individuals you doesn't have enough by all means.

Most of them even when they are claiming to be making so much with cryptocurrency, sometimes this might not actually be true as it is completely the other way around and the only way they can recover their loss is to dube people lolz.

 

[Sincerem]

And I think that this is extremely worrying because cryptocurrency is a decentralized system and therefore it is primarily dependent on how people perceive the cryptocurrency world so negative me as such as this will greatly impact how it develops in the future.

Yes, when the traders aren't having the right mindset to utilize it. It will bring negative impact to the development of the coin.

 

[GIFTMICHAEL]

Most of them even when they are claiming to be making so much with cryptocurrency, sometimes this might not actually be true as it is completely the other way around and the only way they can recover their loss is to dube people lolz.

You're right. Duping people is the alternative for them to recover what they have lost in Cryptocurrency. Causing those duped people losing double funds.

 

[Jlife]

You're right. Duping people is the alternative for them to recover what they have lost in Cryptocurrency. Causing those duped people losing double funds.

I don't see the need for them to engage in these sort of things, they should just go ahead and learn how to trade cryptocurrency than to keep on scaming innocent people

 

[Kelly5]

Bidens insistence on the taxes to be paid by cryptocurrencies users will not in any way affect the price of the cryptocurrencies in the global market. I don't see it affecting anything