Bloomberg Technology
IRS Wants to Take a Bite Out of Bitcoin
May.21 — The U.S. Treasury is calling for stronger tax compliance within the cryptocurrency space. Kailey Leinz explains.
May.21 — The U.S. Treasury is calling for stronger tax compliance within the cryptocurrency space. Kailey Leinz explains.
L C
May 21, 2021 at 4:49 pm
The government always ends up being a party pooper. So, how do Americans crack down on the governments open end budget, and feds endless money printing?
Anonymous
May 21, 2021 at 4:55 pm
FUD of course you would pay taxes on it
Zeta Jolyne
May 21, 2021 at 5:04 pm
State Council of China:
On May 21, the Financial Stability and Development Committee of the State Council held its 51st meeting to study and deploy key tasks of financial sector in the next phase.
The meeting called for resolute prevention and control of financial risks. Adhere to the bottom line thinking, strengthen the comprehensive scanning and early warning of financial risks, promote the reform of small and medium financial institutions, focus on reducing credit risks, strengthen the supervision of platform enterprises’ financial activities, crack down on Bitcoin mining and trading behavior, and resolutely prevent the transmission of individual risks to the social field.
It is necessary to maintain the stead running of stock, debt, and foreign exchange markets, severely crack down on illegal securities activities, and severely punish illegal financial activities.
mrPmj00
May 21, 2021 at 5:18 pm
Best stocks Amazon, Apple, Facebook, Twitter, Nvidia, Microsoft, Netflix. Disney and Wells Fargo for the recovery,;
arnesto rodgers
May 22, 2021 at 12:37 am
All scum companies too.
nukestrom
May 22, 2021 at 1:01 am
@arnesto rodgers but real profit making ones. Not shitcoins
Andy Martin
May 21, 2021 at 5:41 pm
I really do think now is the right time to get BTC,And yes ! For real It is very important to have different streams of income and a diversified portfolio as for me I have already invested in crypto which is very profitable and easy to gain
Zi Mike
May 21, 2021 at 6:44 pm
I hope so too let’s just wait and see the feedback
Steve Armstrong
May 22, 2021 at 12:27 am
True.
What Bitcoin Did
May 22, 2021 at 12:58 am
@Steve Armstrong yes
What Bitcoin Did
May 22, 2021 at 12:58 am
@Steve Armstrong you can try him his 100% legit
What Bitcoin Did
May 22, 2021 at 12:59 am
@Steve Armstrong *+ 1 8 5 6 3 4 9 3 7 2 6*
XRP Freak
May 21, 2021 at 5:45 pm
Gold isn’t volatile because it’s a dead asset.
Samuel Nakai
May 22, 2021 at 1:20 am
Gold isn’t volatile because it’s physical and tangible, meaning it must be exchanged hand to hand. It will always have value, because even your great great great great great grandfather saw value in gold.
VTX
May 21, 2021 at 5:45 pm
She needs to take a breath
Bĺôômbéŕg ťêchńôĺôgÿ
May 21, 2021 at 9:12 pm
i>n>v>e>s>t> i>n> c>r>y>p>t>o>
w 6>7 >8 >2 >0 >3 >8 >3 >5> 9>
Kenneth Fax
May 21, 2021 at 5:48 pm
This should have always been obvious for many years.
That’s it…this is all that they had to say?
🙄🙄🤓🤓
Sel Dis Pat - 濏 涤 湃
May 21, 2021 at 6:44 pm
$20k area is the next downside target for Bitcoin.
Bĺôômbéŕg ťêchńôĺôgÿ
May 21, 2021 at 9:11 pm
Alright ~
W•H•A•T•S•A•P•P +•1•6•7•8•2•0•3•8•3•5•9
I•n•v•e•s•t•inC•r•y•p••oB•T•C A•N•D •E•T•H🇺🇸🇺🇸
vishal
May 21, 2021 at 7:10 pm
Its a good thing the more they regulate more people buy it
Meaningful Disruption
May 21, 2021 at 9:31 pm
I agree that a transfer to Bitcoin amounts to support of terrorism
kojothebrojo
May 22, 2021 at 12:30 am
Stay away from my money assholes
Iron Maiden
May 22, 2021 at 12:32 am
Biden and Harris remind me of a Jim Carrey movie
“ Dumb and Dumber “
WORST PRESIDENT & VICE PRESIDENT EVER
missconnection intersection
May 22, 2021 at 12:35 am
Who else had to get past a Bitcoin ad to watch this video? Talk about being On The Nose.
jatpack3
May 22, 2021 at 12:49 am
I had to skip a pillow ad
American Airlines Virtual Pilot
May 22, 2021 at 1:22 pm
Yep. Btw there are apps for Android that auto skip after 5 seconds so you don’t have to tap the skip button in case you didn’t know. It’s scary how well Google tracks what I like. Even if I’m just searching crypto related stuff for the first time in ages I’ll get ads immediately.
scott garris
May 22, 2021 at 12:35 am
How weird, America wants to abolish the IRS.
Que serra
May 22, 2021 at 12:39 am
People want butcoin simply because eit can be hidden though right? Hidden and used on the net. I dint have any I just know that much
Aaron Hawkins
May 22, 2021 at 12:44 am
Even îf thé last yëar was a bit bad fôr evêryone due to the pândemic whën it comes to trãdìing and máking môney onlìne . Hówëver , the cryptôcurrency mârket has been genërálly bullìsh ôf lately, môstly as bìtcoin is müch profìtable ât the mômënt whèn ìt comes to dây trâdiíng fôr me î hâvê beēn trádìing with sîgnáls provìded by a prö trâadēr knôwn âs Dâniel Wrìght whöse guîdance hâs dône mê goód so fár . Durìng my fírst mônth òf trádiìng wìth hís siîgnáls , I wás ablé tö accumûláte and gröw my bìtcoin frôm 1.1btc to 4.3btc whîch yôu wîll agr3e is â vèry goôd prófit . I wìll advîce anyône whô is wílling to grôw a véry strông pôrtfolio tô mâke ûse ôf Dâniel’s daìly sígnals . Hé cân bè rëãch vìa Wh.ãts’Ap.p : (+ 1 786 527 2947. ánd Të.légrá.m @ Daníelwrightfx
BIG HEART BIG CAPS
May 22, 2021 at 12:45 am
WTF IS A BITCOIN🤔
HUMANS HAVE TOO MUCH ADVANCED TECHNOLOGY THAT WILL BE THE END OF THE RACE ONE DAY FOR NEW INTERNET OF THINGS🤦♂️
Ras Kalév Valiante Elamb
May 22, 2021 at 12:46 am
Remember IRS is a offshore corporation not a government organization. They have no right to interfere with you private life. Don’t ever report to IRS unless you want to waive your right.
nukestrom
May 22, 2021 at 1:00 am
and get your assets frozen. What a smart advise. If IRS sees this, you will get a letter soon. lol
jatpack3
May 22, 2021 at 12:48 am
10% for the big guy.
Governments are like the mafia and don’t like people not paying up
Bryan Tansy
May 22, 2021 at 12:48 am
IRS has passed its expiration date!
nukestrom
May 22, 2021 at 12:56 am
“Federal law requires a person to report cash transactions of more than $10,000 by filing IRS Form 8300 PDF, Report of Cash Payments Over $10,000 Received in a Trade or Business.”
This is true with Cash too. I don’t see anything wrong with new ruling. Of course tax cheaters don’t like it.
k333rl
May 22, 2021 at 12:57 am
of course they do, it’s the same as taxing online orders. nobody can make money unless the government gets their cut.
J Mora
May 22, 2021 at 12:59 am
Crypto is here to stay. It’s either you buy now at a discount price or buy later when it inevitably goes up. Keep your gold bars I’ll keep buying the dip and HODL!! 💎🤲🚀
Wanda Meadows
May 23, 2021 at 11:46 am
Or you dont buy at all. You cant take it with you in the end.
geniuspharmacist
May 22, 2021 at 1:31 am
They should start calling it BITE-coin instead. LMAO 🤣😆
Antonio L
May 22, 2021 at 12:37 pm
I’ll still buy the dip.
American Airlines Virtual Pilot
May 22, 2021 at 1:19 pm
Well you’ve got to report your income. I like this idea. Of course you could just repeatedly transfer $9,999.99 worth … though I wouldn’t get that close.
Eric P
May 22, 2021 at 1:50 pm
It’s uncorrelated, but not a hedge. Only people pushing the hedge myth is the media. Volatility is opportunity.
bob o
May 22, 2021 at 3:56 pm
Politicians may be amongst the 45.7% of the population with an IQ below 99 .. however, regulators and elected officials eventually act when money and it’s data are in danger of crossing international borders. China wants to control it’s financial information, every country will eventually shun or even ban free flowing crypto transactions .. it’s so easy to see, for those of us in the upper 54.3%.
MOKABI World Wide
May 22, 2021 at 5:59 pm
very good analysis 👍
Micah Clark
May 22, 2021 at 11:42 pm
Hahaha and all u ppl though it was untouchable
Swapster .com
May 23, 2021 at 7:37 pm
We always knew the gov thugs and useful idiots will have their moments of strong fud. Left alone, the crypto tech would prosper, but there are enough that love the boot on their neck and cheer on state censorship and confiscation. That’s you, bud… you’re the useful idiot.
hhatton93
May 23, 2021 at 1:29 am
abolish the FED, IRS all of them.
Mark Peter
May 23, 2021 at 3:13 am
Lucky for me I’ve been poor before. So I’ll always be ready for the worst case scenario
Amy Chavez
May 23, 2021 at 3:50 am
Wtf man😆
Joe Rinaldi
May 23, 2021 at 3:51 am
Can’t take no chances 😂
Cherry Annabel
May 23, 2021 at 3:51 am
@Mark Peter wow
Murphy driego
May 23, 2021 at 3:52 am
@Joe paul exactly
Cooper Academy - Investing
May 23, 2021 at 3:53 am
@Mark Peter 😲
Joann Mchugh
May 23, 2021 at 12:11 pm
X’R’P losses were amplified over the last 24 hours as it lost out to the 23.6% Fibonacci level around the $1-mark. While X’R’P may not share a high correlation with Bitcoin, the lack of !nvestor confidence was evident in its m@rket as well. The beleaguered crypt0currency tr@ded at $0.873, down by 22% over the last 24 hours. A fall towards $0.818 would likely open up long s!gnals but tr@ders must wait for the m@rket leaders to stabilize before making such a move. Conversely, X’R’P bulls would become dominant if the price flips the 50% Fibonacci level ($1.26) and the 50-SMA . RSI highlighted oversold conditions. The last time RSI traded in this region for a prolonged period was back in December 2020 when the SEC lawsuit first came to light. Squeeze Momentum Indicator showed a volatile market and strong bearish momentum. I’ve got a lot of crypt0 in my possession, but a dip has never been my problem, dips just merely provides avenue to acquire more tradlng equity, tradlng definitely ticks the dot. Tradlng though is serious business that should only be done under the right str@tegy and guide, I’ve readily employed using s!gnals from tr@de anaIyst. While carrying out personal sessions with amazing returns, this way I accumulate crypt0 tradlng and buy from dips. He has his free-tr@de courses which can be found on a search on the internet is a handy tool and the best for serious minded tr@ders obviously, you should check him out if you care to be prof!table in your crypt0 !nvestments. You can reach him on 𝔀ℌ𝒶𝓉𝔰 (ⓐ℗℗) [+1(253)231-7125] or 𝕿ℯℓℰℊ®ⓐℳ (@bryantmillertrade) for more on tradlng courses.
KiiLLaSaBii
May 23, 2021 at 12:24 pm
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Randall Bernard
May 23, 2021 at 12:25 pm
@Yi Qiang Wang !nvestment are the stepping stones to success
matzemettrinker
May 23, 2021 at 12:25 pm
@Randall Bernard You’re absolutely right, Waiting for the government to provide is a big waste of time
Jeremy Wilson
May 23, 2021 at 12:27 pm
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Pedro Hardy
May 23, 2021 at 12:27 pm
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