Quote from: indo1 on Today at 05:54:09 AM

Quote from: Tomiwa_akin on April 23, 2021, 12:45:20 PM

with the tax news flying around , the crypto market was really hit hard and still crawling from recovery. if finally validated, what effects will it have on crypto markets and its traders. please share your views and thoughts.

I believe the market persists and makes bitcoin sideways, I know taxes have a huge effect on many stock markets, even cryptocurrencies. But will this be the same as 2018? where many regulations make bitcoin fall. I think this year was a little different, the giant businessmen came in - I didn't understand much about regulation. But everyone loves bitcoin.

I'm hopeful it's not like 2018 that it will drop terribly because of the adoption because there's paypal, Visa and MasterCard are already adopting BTC. But we shall see when there will exchanges that will be seized by governments.

It's not a good time for tax laws to be adjusted this high while the poor are suffering already. Investors will also be taxed as their investments grow and this will lead investors to hide their wealth.