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RE: CHRISTMAS CRYPTO HYPE

in #bitcoin7 years ago

Well, I think that people want to fund their Holiday celebrations, but most of all I think the new TAX RULES voted in by the conservatives trying to punish any progressive thought or activity are to blame. You know that they are trying to enact the Capital Gains tax on every TRADE from each cyper-coin type of transaction right? So if you trade Bitcoin for Bitconnect you must realize a capital gains tax for that transaction. If you trade Bitcoin for Ripple, you must report capital gains on THAT transaction and if you trade BACK into Bitcoin they require another taxation event? That's crazy! So, people with ALOT of cyper-currency realized that got OUT before they could taxed for every transaction they make.