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Author Topic: Bitcoin dump unfortunate  (Read 11574 times)

Offline Rj Manik

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Bitcoin dump unfortunate
« on: April 24, 2021, 12:15:10 PM »
unfortunately bitcoin huge dump. Because USA president Joe Biden said, The one who earns more will pay more tax. But I do not understand, Why is Bitcoin dumping for this? Someone explain it to me, please.

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Bitcoin dump unfortunate
« on: April 24, 2021, 12:15:10 PM »

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Re: Bitcoin dump unfortunate
« Reply #1 on: April 24, 2021, 02:45:29 PM »
unfortunately bitcoin huge dump. Because USA president Joe Biden said, The one who earns more will pay more tax. But I do not understand, Why is Bitcoin dumping for this? Someone explain it to me, please.
This could be a coincidence or maybe that was what actually lead to this correction however, we have had corrections in the market before without affiliated statement from the US President and there was a recovery which I believe will happen in this case too.

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Re: Bitcoin dump unfortunate
« Reply #2 on: April 25, 2021, 03:19:46 AM »
In fact, the price of Bitcoin has been dumping a lot of time. So everyone is blaming the price of Bitcoin for dumping so much. Maybe the US President wanted a tex for cryptocurrency transactions, which is probably why the cryptocurrency market is dumping. But very soon the cryptocurrency market will be pumping.
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Re: Bitcoin dump unfortunate
« Reply #3 on: April 25, 2021, 03:45:57 AM »
Bitcoin prices often drop in the cryptocurrency market.  Many people are worried about this.  There is no reason to worry that the price of coins will pump and dump in the crypto market.  Many have made many comments to dump the price of Bitcoin.  Soon the price of Bitcoin will pump again in the cryptocurrency market.  There is no doubt about it.  Give your opinion.

Offline trauchot

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Re: Bitcoin dump unfortunate
« Reply #4 on: April 25, 2021, 09:58:13 AM »
There may be many reasons why the price of bitcoin began to fall, so we can only guess what exactly was the reason for the fall of the price of bitcoin, but do not get upset because after the fall there is always pump, but since the bullish trend has already been for a very long time, it is possible right now a bearish trend will begin for many years.
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Offline Ferki

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Re: Bitcoin dump unfortunate
« Reply #5 on: April 25, 2021, 10:06:35 AM »
unfortunately bitcoin huge dump. Because USA president Joe Biden said, The one who earns more will pay more tax. But I do not understand, Why is Bitcoin dumping for this? Someone explain it to me, please.

More tax means less profit, even for small investors.
In this particular case, that would mean a sell-out before the new law comes into effect, simply to secure the profits with the old tax law .

Offline Suma Islam

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Re: Bitcoin dump unfortunate
« Reply #6 on: April 25, 2021, 01:18:37 PM »
the price of Bitcoin has been dumping a lot of time. So everyone is blaming the price of Bitcoin for dumping so much.which is probably why the cryptocurrency market is dumping. But very soon the cryptocurrency market will be pumping.I believe will happen in this case too.

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Re: Bitcoin dump unfortunate
« Reply #6 on: April 25, 2021, 01:18:37 PM »


Offline legend45

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Re: Bitcoin dump unfortunate
« Reply #7 on: April 25, 2021, 03:06:27 PM »
unfortunately bitcoin huge dump. Because USA president Joe Biden said, The one who earns more will pay more tax. But I do not understand, Why is Bitcoin dumping for this? Someone explain it to me, please.

Yes I see bitcoin already dumped , after Joe bidden has said about it . But at the time, I see bitcoin is recovering again now and already touched 50K $. I think bitcoin increase again and will touch new ATH. Let's see.

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Re: Bitcoin dump unfortunate
« Reply #8 on: April 25, 2021, 03:51:07 PM »
unfortunately bitcoin huge dump. Because USA president Joe Biden said, The one who earns more will pay more tax. But I do not understand, Why is Bitcoin dumping for this? Someone explain it to me, please.

You mean to say, by dumping the price of Bitcoin, the tax will be reduced? due to profit will also be reduced? Isn't the profit will more become higher in the end if we hold it in the long term? am I right to my understanding here? Because in general term this is not the only time were Bitcoin dumped its price in the market and this happened because the manipulators or whales need to implement this thing.
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Re: Bitcoin dump unfortunate
« Reply #9 on: April 25, 2021, 04:20:49 PM »
unfortunately bitcoin huge dump. Because USA president Joe Biden said, The one who earns more will pay more tax. But I do not understand, Why is Bitcoin dumping for this? Someone explain it to me, please.

You mean to say, by dumping the price of Bitcoin, the tax will be reduced? due to profit will also be reduced? Isn't the profit will more become higher in the end if we hold it in the long term? am I right to my understanding here? Because in general term this is not the only time were Bitcoin dumped its price in the market and this happened because the manipulators or whales need to implement this thing.

Every government has its own laws when it comes to taxing crypto.

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Re: Bitcoin dump unfortunate
« Reply #10 on: April 25, 2021, 04:30:47 PM »
I don't think so Biden's statements affect the bitcoin market for long as far as I understand Bitcoin correction was due for a long and the market is doing the same so we should not be worried. We should remain calm during the correction phase. If I consider your words some USA holders are selling early before implementing the huge taxes but I don't think so practically it could be the reason.

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Re: Bitcoin dump unfortunate
« Reply #11 on: April 25, 2021, 05:21:32 PM »
I don't think so Biden's statements affect the bitcoin market for long as far as I understand Bitcoin correction was due for a long and the market is doing the same so we should not be worried. We should remain calm during the correction phase. If I consider your words some USA holders are selling early before implementing the huge taxes but I don't think so practically it could be the reason.
one way or another, news has always influenced not only the stock market, but also the cryptocurrency market. It all depends on how this news is presented in the society and how exactly the society reacts to this news. The fact is that not only Baydan's statements about taxes are called the reason for the decline in exchange rates, but also power outages in China, as well as an increase in US sanctions on other countries.

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Re: Bitcoin dump unfortunate
« Reply #12 on: April 25, 2021, 06:08:26 PM »
I was also a little bit upset about this. I didn't find the exact reason at first later i came to know that this kind of dumping has taken place due to tax assessment. However, I did not find any logical reason for dumping. But we all know that there is a hype in the crypto market. So it has to be acknowledged as a normal occurrence.

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Re: Bitcoin dump unfortunate
« Reply #13 on: April 25, 2021, 06:36:44 PM »
I don't think so Biden statements affect the bitcoin market for long as far as I understand Bitcoin You mean to say, by dumping the price of Bitcoin.

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Re: Bitcoin dump unfortunate
« Reply #14 on: April 25, 2021, 07:01:20 PM »
Bitcoin prices are currently dumping heavily.  It could be for a variety of reasons.  But it seems to me that fluctuating the price of Bitcoin is a common thing in cryptocurrency.  Many are speculating that dumping in the bitcoin market could be a signal to the US president.  It is a matter of wondering how true this is exceptional.  My view on dumping bitcoin prices is that not in the long run but in the short term bitcoin prices will pump again.

 

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