Yes I am curious about this as well. I know people that gravitate towards cryptos are anti-big government and anti-tax and anti-banks. They basically want the government to stay out of their business. So I would venture they are right leaning since regressive left people prefer a big government and appear to not support freedom of speech (unless your views are the same as theirs). So Yellen taking on Bitcoin might be another **** you to conservatives. I am now not so sure that Cryptos will go to the far moon as predicted by some. Taxing unrealized capital gains will absolutely kill investments in stocks or cryptos.
BITCOIN
- Thread starter Weather Man
- Start date
Janet Yellen suggests 'curtailing' cryptocurrencies such as Bitcoin, saying they are mainly used for illegal financing
Morgan Creek Digital partner Anthony Pompliano similarly described: “Janet Yellen stated today that cryptocurrencies are concerning because of terrorist financing and money laundering. She forgot to mention that the US dollar is the choice currency of criminals around the world.” He added:
"The large banks launder more money than the entire bitcoin market cap."
Morgan Creek Digital partner Anthony Pompliano similarly described: “Janet Yellen stated today that cryptocurrencies are concerning because of terrorist financing and money laundering. She forgot to mention that the US dollar is the choice currency of criminals around the world.” He added:
"The large banks launder more money than the entire bitcoin market cap."
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Wait a second. Isn't one of the big selling points of block chain that it will reduce poverty and more equalize wealth opportunity? Its like leftists don't really care about poor people. Shocker.
Said it a couple weeks ago, there is no way the Gov will keep their fingers out of this.
They will never let some unregulated and uncontrolled money become mainstream.
They are going to tax the shit out of it and eventually take control of it.
They will never let some unregulated and uncontrolled money become mainstream.
They are going to tax the shit out of it and eventually take control of it.
And when they institute the annual cap gains on long term investments, people are going to have to liquidate half their position to pay the tax.
Prob won’t help the price.
Just be ready to take profits.
Prob won’t help the price.
Just be ready to take profits.
How would they take control of it?
6-fig BTC is still coming......I will be elated if ETH hits $5k, but I'm seeing some calls for between $8k-$10k...and some moon calls for like $15k-$20k.
I'm just hoping for $5k right now.
Hell I will be happy at $3k. I may get a different hotrod at 5.
I don't think they can control it but they could make it unattractive for US Citizens . By taxing unrealized capital gains. Or making it illegal to convert to dollars. After all gold ownership was outlawed in 1933.
This won't kill Bitcoin for people outside the USA though.
When Owning Gold Was Illegal in America: And Why It Could Be Again | HuffPost
GET REKT
Lol ok.
It’s moved 5% like 20 times in a month.
Did you take profits or are you just down 20% from its peak?
Either way, the Gov will control it at some point. Or take their chunk. Watch.
Buy high sell low! Rinse Repeat!
This is why I like mining when prices are high. I am getting ETH right now at a huge discount!
But when ETH prices are below $200-300 mining does not make as much sense but still a break-even proposition.
I think they will try to tax this somehow. But if they try to somehow tax cap gains annually on long term investments, I think the shit will indeed hit the fan. 401k, pension...?
Ya who knows. I just know they will get theirs. Always do.
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