Have Joe Biden's tax decision on digital assets traders been on effect??

[sincerem]

I believe most people are aware of U.S president Joe Biden putting a law on all digital assets traders for paying tax from the interest they earn trading coins. The decision was made last week but no one knows if that has taken place of not. Considering what i saw around coinmarketcap.com today, I'll say such decision haven't taken place.

Crypto coins have started improving, and going back to their base and some even passing their previous set land mark. Last week saw massive decline on the coins, even BTC fell from $62k to $48k. But is valued around $54k today. I just hope such decision haven't taken place, because it will be perplexed for the traders.

 

[sincerem]

seriously the world is full of excitement and lot of people have a perfect experience on which area they concentrate on, they actually started as I am but with good determination and willingness to learn from people actually make them to come up on top and that will be the best decision for me also . I just need to learn from people as much as possible.

Yes, some people are just talented and very precise to predict the future an event with 70-80% accuracy and they land successful many times. That's the kind of persons we ought to learn from, and trying my best now to analyse the market on my own then buy the coins to holdl for the time being. I'm not going into trading at the moment i still have things doing with money that isn't allowing me to save enough for trading. I wish you success in your trading pursuit.

 

[Sotherefore]

Yes, some people are just talented and very precise to predict the future an event with 70-80% accuracy and they land successful many times. That's the kind of persons we ought to learn from, and trying my best now to analyse the market on my own then buy the coins to holdl for the time being. I'm not going into trading at the moment i still have things doing with money that isn't allowing me to save enough for trading. I wish you success in your trading pursuit.

Thanks,Lolz when I saw that you left the group I added you into I was just laughing and I try to understand maybe because you were having a lot of responsibility,well there is no problem with that since you also have interest in cryptocurrency that means when you have the time anytime in the future you will still come back to it.

 

[sincerem]

Though the decision may affect the coin users and the cryptocurrencies world in general. But I believe it is still better becssue it will be tantamount to government regulating the crypto world for sanity. This is what the Nigerian government ought to have done instead of isolating Nigerians banks from cryptocurrencies.

Nigerian government are just not motivated around something that benefits the citizens. They love enjoying the max nick marauding in vaingloriousness. Since P2P trading method is in, buying and selling Cryptocurrency is made at its best. No need to expect the dying Nigerian government to lift the ban.

 

[Kingsley]

I want to see it in the positive side or bright side of things because America is a country that is built on taxation and tax payers always see the purpose to why they are been paying the tax. I want to see it in the area of strengthening the crypto market because this wil give other countries that were myopic to have place a ban on crypto to remove such ban and tap it on the well of opportunities it present. So it is a blessing in disguise.

 

[sincerem]

I want to see it in the positive side or bright side of things because America is a country that is built on taxation and tax payers always see the purpose to why they are been paying the tax. I want to see it in the area of strengthening the crypto market because this wil give other countries that were myopic to have place a ban on crypto to remove such ban and tap it on the well of opportunities it present. So it is a blessing in disguise.

This particular move taken by Joe Biden is the best one that a country needs to do. They've seized the benefits and see that taxing the traders is the ideal thing to generate more revenue to the country. That's what i expected Nigerian government to do, instead of banning Cryptocurrency transaction with naira.

 

[IamDozzy]

I strongly believe that Joe Biden is going enforce the law of taxing digital asset traders. This is a very good move from the US government unlike some countries that would outrightly ban cryptocurrency eg India and Nigeria. Cryptocurrency is a revolution that is currently taking over the financial industry and it's well on the path to displace the banking industry once everybody comes on board. The beauty about Bitcoin is that once it starts pumping other Altcoins such as Dogecoin starts rising. It's really important people get on the train early so as to make enough profits.

 

[sincerem]

I strongly believe that Joe Biden is going enforce the law of taxing digital asset traders. This is a very good move from the US government unlike some countries that would outrightly ban cryptocurrency eg India and Nigeria. Cryptocurrency is a revolution that is currently taking over the financial industry and it's well on the path to displace the banking industry once everybody comes on board. The beauty about Bitcoin is that once it starts pumping other Altcoins such as Dogecoin starts rising. It's really important people get on the train early so as to make enough profits.

You're right dear. Cryptocurrency is views as a means of generating additional revenue income by the U.S government that's why the law was enforced to generate more funds.

 

[sincerem]

I strongly believe that Joe Biden is going enforce the law of taxing digital asset traders. This is a very good move from the US government unlike some countries that would outrightly ban cryptocurrency eg India and Nigeria. Cryptocurrency is a revolution that is currently taking over the financial industry and it's well on the path to displace the banking industry once everybody comes on board. The beauty about Bitcoin is that once it starts pumping other Altcoins such as Dogecoin starts rising. It's really important people get on the train early so as to make enough profits.

You're right dear. Cryptocurrency is views as a means of generating additional revenue income by the U.S government that's why the law was enforced to generate some funds there. By taxing the traders, it even cross to other digital assets traders like stock & share, forex traders and so on. Assume India and Nigeria followed that step it would've been tremendous.

 

[Kingsley]

If it goes into full effect it will definitely be a blessing in disguise because it will expand the trading floor and other government from other countries will begin to pick more interest in the crypto world which will strengthen the market for traders and investors.

 

[Kingsley]

If it goes into full effect it will definitely be a blessing in disguise because it will expand the trading floor and other government from other countries will begin to pick more interest in the crypto world which will strengthen the market for traders and investors. With time there will certainly be more improvements in the market.

 

[Azzam Mahardika]

for the best coin donk tips when trading

 

[sincerem]

If it goes into full effect it will definitely be a blessing in disguise because it will expand the trading floor and other government from other countries will begin to pick more interest in the crypto world which will strengthen the market for traders and investors. With time there will certainly be more improvements in the market.

Even if other countries start making money out from Cryptocurrency or from any digital asset traders. Our dear country Nigeria will be an exemption from it. All our politicians care is how to come together in the government house to share money without stress or making money to generate more revenue outside crude oil.

 

[btaliat]

Though the decision may affect the coin users and the cryptocurrencies world in general. But I believe it is still better becssue it will be tantamount to government regulating the crypto world for sanity. This is what the Nigerian government ought to have done instead of isolating Nigerians banks from cryptocurrencies.

 

[Sotherefore]

When the law was announced there was a serious drop in the overall crypto system, including forex trading and stock market as well,but now the market has started picking up and everything is moving well as everybody expected and very soon we are going into the altcoins season.. we are waiting for bitcoins to break out of the resistance point.

 

[sincerem]

When the law was announced there was a serious drop in the overall crypto system, including forex trading and stock market as well,but now the market has started picking up and everything is moving well as everybody expected and very soon we are going into the altcoins season.. we are waiting for bitcoins to break out of the resistance point.

Yes, you're right. The coins have started picking up where they left from after going on massive decline. I believe the traders of crypto, forex, stock, binary etc, understood fully about the plans of the decision. In order to serve them by generating more revenue to service the country's needs. Now they've restored their treasury asset back and that has overseen improvement around the coins in this few days.

 

[Sotherefore]

Yes, you're right. The coins have started picking up where they left from after going on massive decline. I believe the traders of crypto, forex, stock, binary etc, understood fully about the plans of the decision. In order to serve them by generating more revenue to service the country's needs. Now they've restored their treasury asset back and that has overseen improvement around the coins in this few days.

Yea, and I just believe the United States should never try implementing a huge tax for cryptocurrency trader,if this rule is implemented and the whole world decide to dump cryptocurrency for the United States government, who will be paying the tax for them here.i just hope they don't make a wrong decision.

 

[sincerem]

Yea, and I just believe the United States should never try implementing a huge tax for cryptocurrency trader,if this rule is implemented and the whole world decide to dump cryptocurrency for the United States government, who will be paying the tax for them here.i just hope they don't make a wrong decision.

I believe the US government knows the best when it comes to tax payment. They can't charge more than those traders can afford to pay. I believe that the decision haven't gone weird the coins that fell short before have started regaining value to move to the top. You can see them at coinmarketcap.

 

[Sotherefore]

Ok but why were they threatening that every cryptocurrency traders are to pay 40 percent of every transaction they did, this actually disrupt alot of cryptocurrency system, which causes the serious declined on the market movement we experience during that time, they should not just consider something just like that, a friend of mine loose over 300 k just because of that statement.

 

[sincerem]

Ok but why were they threatening that every cryptocurrency traders are to pay 40 percent of every transaction they did, this actually disrupt alot of cryptocurrency system, which causes the serious declined on the market movement we experience during that time, they should not just consider something just like that, a friend of mine loose over 300 k just because of that statement.

That's a challenging one, I saw it coming. Because US government have threatened long time ago that it will charge traders of all digital assets trading system tax. So when the coins started decreasing i converted my BNB back to USDT coin so it will remain stable. Its a pity that your friend lost his 300k for such dip in price. I believe now that the coins are moving up his losses aren't much like before??