LATEST UPDATE......WHY BITCOIN PRICE CRASH DOWN????😯😯
Hello Everyone,
You may be seeing that the price of bitcoin has dropped very fast from the last few days. It was not expected that it would be down. Just like, its price was $8400 in last few days, it was assumed to be near about $9000.
What is the reason of bitcoin price is down?
The reason is, people are selling the bitcoin and they are being mostly sold in America. That's because traders who were paying taxes. There was a law made on behalf of IRS (Internal Revenue Service) "U.S. Govt. Agency" that it was said that you have to give a capital against tax. Those who have worked in short term 39% and those who have worked long term, they have 20%.
A week ago, IRS had sent a notice to every bitcoin trader that the tax is to be deposited.
Coinbase send all the details to IRS. who the people working with Coinbase.
This is the reason why the price of bitcoin is so low in few days.
thanks for sharing this important information about bitcoin
Welcome @amritmahal
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by sunnysingh13 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
Congratulations @sunnysingh13! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Award for the number of upvotes received
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOP
To support your work, I also upvoted your post!
Congratulations @sunnysingh13! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Award for the number of upvotes
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOP