Bitcoin Bear Market At End Due To Taxes? / Wallstreet Gears For Investment / Vitalik Blasts Tron!

newageinv (70) 6 years ago

Futures is all about settlement. There is not necessarily a counterparty on both sides (like Options). The futures that are currently available on the CME and CBOE do not settle against Bitcoin but instead in cash like you state based on the Gemini Index prices at the given expiration. The only direct price influence futures have, as you mention, is the potential price arbitration on the difference of the prices. This has been reduced substantially since launching in December. However, as Futures continues to be a highly regulated financial product, most retail investors also do not have access to these products. In addition, some brokers decided not to carry this product given concerns on Bitcoin in general. Therefore, Futures continue to be limited to more experienced investors like institutions. The addition of and ETF would broaden the access to retailers immensely. This could lead to increase demand for Futures which could drive up price. If you look at the Gold spot price when ETFs where launched, you would see the continuation of a bull market that tripled the price.

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bitcointravel (52) 6 years ago

bear markets become bull markets and pessimism become optimism :)

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blockchainnerd (19) 6 years ago

I am not sure it is all due to the tax season but i have the feeling this bearish trend could be over soon.

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rogerver1 (42) 6 years ago

Why did you recommend Tone Vays channel recently? The only useful person he has on the show is the guy from Milan Italy ...beyond that its mumbling non sense!!

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etka (52) 6 years ago

2018 is gearing up, lots of news Omar. Thanks for sharing. I feel the timing of your video is perfect and the addition of the crypto minute is doing all the rest. Keep it up!

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russelkhan (45) 6 years ago

As the mid-April tax filing deadlines approach, Lee says that cryptocurrency selling pressure rises. In a report for CNBC, the analyst says that he estimates an approximate $25 billion being owned in capital gain taxes for cryptocurrency holdings by U.S. Households. And that’s the ‘low estimate’.
As the tax day approaches, we could witness ‘massive’ selling of cryptocurrencies into U.S. dollars.
Lee explained:This is a massive outflow from crypto to USD and historical estimates are each $1 of USD outflow is $20-$25 impact on crypto market value.
Going further, the expert believes that selling pressure is also being piled up by crypto exchanges.
In late March, the IRS reminded that virtual or digital currencies are taxable by law just as transactions of any other type of property. The taxman also went on reminding that steep penalties are in for those who fail to properly oblige by mid-April’s tax day.
While administrative cash penalties and interest are awaiting low-key crypto investors for failing to report their taxes, those who deal in larger quantities definitely have a lot more on the line to worry about, according to the release from the IRS:
Criminal charges could include tax evasion and filing a false tax return. Anyone convicted of tax evasion is subject to a prison term of up to five years and a fine of up to $250,000. Anyone convicted of filing a false return is subject to a prison term of up to three years and a fine of up to $250,000.This all are making impact on bitcoin.

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sarahmcdowell2 (47) 6 years ago

That's some great news and predictions.If that happens then it will be a huge turnaround for the market.Thank's for the video,you are looking good.

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sarahmcdowell (46) 6 years ago

Hey Omar another important video by you.Bitcoin Bear Market At End Due To only taxes,i don't think so,there are a lots of aspects is responsible for this market.Bitcoin is facing different kinds of problems in different parts of the world.If wallstreet comes into invest then the market will be back for sure.That's a nice video.

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rupok (80) 6 years ago

If that happens then the market is going up for sure.But i don't think so that Wallstreet is going to invest in crypto,because they will never go against government of america.If crypto legalized then usd is going to face a lot's of difficulties.Thanks for the video.

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