BITCOIN UPDATE MAY 23, 2018

BTC is at the 0.681 Fib (yellow box) - we might see a bounce there. If not, next supports are: $7500

India, the outline of the cryptographic tax assessment as early as July. According to CCN, India will soon charge 18% VAT on cryptographic transactions.

The contents of the related legislation are as follows.

1 . Cryptographic transactions shall be regarded as transactions of goods, and acts of cryptographic storage and transactions shall be regarded as services.

2 . The price of the cryptographic currency is denominated in Rs and all transactions in foreign currency.

3 . If both sides of the transaction are located in India, the transaction of the cryptographic currency shall be regarded as the transaction of the software product, and the supply area shall be defined as the location of the purchaser.

4 . The address of the registrant is prescribed as the supply area when transferring and selling the coded currency, and if the buyer is unregistered, the address of the supply point is defined as the supply area.

5 . In case of transactions outside of India, IGST (import tax) is imposed on imports and exports.

Brothers, In a (both short-term and long-term) bear cycle, you start to see who really sees the long-term potential of cryptocurrency and blockchain technology, and who is in for short-term profits.

Look around, bear market is the perfect time to distance yourself from snakes.