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+---- Thread: Bitcoin to 1Million [Adam Beck] (/showthread.php?tid=6291732)
Bitcoin to 1Million [Adam Beck] - sasoshiti karpele monk - Feb 8, 2025
Old dude from this community stated once governments start buying up which they are it's pathed for 1 million.
I believe what he says is true but do you? Scary future for crypto, cant wait for regulations they're only for the better!
RE: Bitcoin to 1Million [Adam Beck] - Portugals - Feb 9, 2025
I think many governments are buying BTC but they are not publishing it officially.
RE: Bitcoin to 1Million [Adam Beck] - Flan. - Feb 9, 2025
I think government involvement in crypto could definitely impact its value. Regulations can be a double-edged sword, but hopefully they'll bring some stability to the market.
RE: Bitcoin to 1Million [Adam Beck] - KrysThyFysh - Feb 9, 2025
The chance of that happening is very rare but not impossible, also I think regulation for crypto is not the best, I have to pay taxes because i converted one crypto to another? does not seem fair at all, I think too much regulation will hurt crypto and lose its main purpose.
RE: Bitcoin to 1Million [Adam Beck] - SIM-5604220 - Feb 9, 2025
(Feb 9, 2025 10:53 AM)KrysThyFysh Wrote: I have to pay taxes because i converted one crypto to another? does not seem fair at all, I think too much regulation will hurt crypto and lose its main purpose.
Of course you have to pay fees for transactions that’s how the crypto companies earn money with the fees because they cover fees on the main most used tasks
Deposits , Withdraws , Transactions.
RE: Bitcoin to 1Million [Adam Beck] - KrysThyFysh - Feb 9, 2025
(Feb 9, 2025 08:55 PM)JoshuaDev Wrote: Of course you have to pay fees for transactions that’s how the crypto companies earn money with the fees because they cover fees on the main most used tasks
Deposits , Withdraws , Transactions.
It's not that fees that are the issue it is the taxes, I've been using coinbase for the past 2 years and I just found out this year I owe over 7k for converting crypto. Not selling it and withdrawing it to my bank, no from converting it from LTC to XRP or whatever the case may be, from crypto to crypto, I have to pay taxes for that? I think that ridiculous, I've already made changes so I don't run into this issue anymore.
RE: Bitcoin to 1Million [Adam Beck] - SIM-5604220 - Feb 10, 2025
(Feb 9, 2025 10:05 PM)KrysThyFysh Wrote: It's not that fees that are the issue it is the taxes, I've been using coinbase for the past 2 years and I just found out this year I owe over 7k for converting crypto. Not selling it and withdrawing it to my bank, no from converting it from LTC to XRP or whatever the case may be, from crypto to crypto, I have to pay taxes for that? I think that ridiculous, I've already made changes so I don't run into this issue anymore.
If you made changes then now all is good , i assume?