/biz/ - Business & Finance

why the fuck should it crash?

>>23338426

dunno anons here keep saying that and seems if trump won there will be a bullrun but ofcourse this is 4chan we are talking about.

Biden won't make it. He's knee deep in shit.

>>23338390
You know they had similar, even more impressive polls in favor of Killary, right?

>>23338426
Because Biden is going to implement higher capitol gains taxes

>>23338426
>>23338453
>>23339073
this is why.

>>23338453
its retarded miga shills trying to get bagholders to vote trump

>>23339103
This is all presidential marketing bullshit though. Biden is backed by the finance, he won't shoot down who he rolls for. I now he's senile, but not suicidal.

>>23338390
>>23338426
>why the fuck should it crash?
because trump was planning on cutting capital gains tax, and joe biden is crypto's worst nightmare you dumb faggot
https://www.youtube.com/watch?v=8pLU6bUFoKY
Though, considering it's monkey season, trump will win. screencap this

>>23339244
see
>>23339103
>>23339331

>>23339425
>>23339331
>>23339103
you dummies obviously didn't think this through.
capital gains tax comes into effect only after you sell bitcoin. that means if there are higher capital gains taxes people will have less incentives to sell and more incentives to hodl

>>23339103
DR;NS
Only normies want to cash out to fiat

>>23338390
>duuuudddeeee let’s raise taxes during hard times!
Fuck this cocksucker, trump all the way.

>>23339539
>capital gains tax comes into effect only after you sell bitcoin. that means if there are higher capital gains taxes people will have less incentives to sell and more incentives to hodl

higher capital gains taxes means investors are more hesitant to invest you numbskulls. I don't see how you could possibly see this as a positive when taxes are fucking you over for half your gains.

>>23339620
investors are less likely to invest? and what are they gonna do instead with their money? put them under their mattress? less profit is still better than no profit

well burgers dont have access to most cex/dex anyway.

>>23338390
Think you mean when trump loses anon, not if.

>>23339669
hey dumbass, nobody said the market would be doomed, but it would obviously be less likely to have a bullrun if Biden wins. What's so hard for you to understand? The government taking away half your gains is a bad thing.

>>23339669
chase more reliable longer term growth in stonks, leaving shitcoins unheld and never mooning. if you want money in your market taxing the fuck out of gains is the opposite of helping.

There is going to be a bull run no matter who is president. Only thing to be scared of us defi being banned and websites blocked.

>>23339777
>>23339842
if their stocks are highly taxed they would have more incentives to invest in something more profitable like crypto to make the difference. this is obvious benefit for crypto

>>23339842
>if you want money in your market taxing the fuck out of gains is the opposite of helping.
What makes you believe he wants to help?
They want your country to crash and burn.

>>23339555
Checked

By why would I not want to cash out so I can actually buy things? You can’t pay a contractor to build your house with bitcoin.

>>23339882
if you disincentivize short term trading, people will move toward longer term hodl's, which will be stocks not crypto. if your shitcoin moons under a year and you sell the top youre taxed to fuck where as you can just sell your stonks in 3 yrs probably for profit.

>>23339331
kek, Democrats are so pro bitcoin its not even funny....Harris even accepts BTC on her website for donations. If youre too stupid to get around capital gains legally then kill yourself.

>>23339882
capital gains tax applies to crypto too you fucking idiot

>>23340106
>>23340143
you guys are right. when Biden is elected the all the markets will crash. and then the fed will print trillions of dollars to keep the market afloat, which will weaken the dollar and make crypto more valuable. no matter what angle you try to play crypto will benefit

trump is god's candidate anon, he literally can't lose

>>23340127
anon, enjoy the 50% taxes on your crypto gains. seriously.

>>23340247
not sure if you know this but all those tax increases are only for those that make more than half a million profit per year so it affects 0 people in here

>>23338390
>>23338426
1/2
Precursor factors:
>traditional stock-fags are beginning to jump into crypto
>companies like Square, MicroStrategy and others are beginning to buy up BTC at a stupid fucking rate
>faggot normie investors are starting to get told "you should have 1% of your net worth in BTC" by financial advisors
>Deloitte, den of subhuman snakes that it is, have found that over 40% of the companies they deal with are looking to or already have implemented blockchain tech

Scenario 1:
>trump wins
>cgt falls
>trad markets explode in overexcited faggotry, more money flows into BTC as gains are made and moved from elsewhere
>faggot normie investors who think they're god for buying a fraction of a BTC at over 11k pump the market and onboard a bunch of other fucking retards that can then be rugpulled on smaller shit and hopefully fucking destroyed in the process
>eventually trump realises crypto isnt the enemy and starts the US moving away from physical toilet paper money
>market doesnt just pump but cooms its way up to 500k (this will take longer)

Scenario 2:
>joe wins
>cgt increases
>joe spends most of the day with his nose buried in the hair of a 4 year old or with this lips firmly suction cupped to chink dicks and assholes
>begins communism in america but calls it something fucking stupid like 'assisted capitalism'
>tradfag investors dump and get ready for the Great Depression Remastered Edition
>faggot stock traders can barely handle a 1% dip, so weakhand almost immediately out of the BTC market, crashing it in the process
>faggot stonks traders cant escape their hamsterwheel thinking theyve been conditioned to in the baby markets and make it worse by forcing others out of the space and turning new blood away from crypto and to some fucking shiny rock instead that theyll never actually see, hold or really own
>market bears until people realise crypto is the only accessible asset to them, market goes bull in like 4 years when the US is a 3rd world nation

>>23340555
2/2
Scenario 3:
>Biden blasts shit out his pantaloons before his eyeballs roll into the back of his head mid-speech and fucking dies on the spot
>trump auto wins because he's against a woman
>market moons out of sheer hilarity
>NFT market does particularly well as people begin minting and trading biden shit-blast and stroke cards
>elite start using a shadow crypto as their particular minted currency for fucking children on islands and the world keeps spinning

>>23338390
Relating to your pic OP, Americans never truly say who they voted for. They save face by telling polls who they voted for is the one who’s trending there, in a herd mentality.

>>23338390
>>23338426

Trump is Satoshi

so much disinfo trump shilling going on, literally the same people posting the same images making the same bullshit claims about biden's policies. big cringe. please educate yourself and DYOR instead of taking these claims as facts. lot of retards round these parts due to the election. anyone that thinks republicans who are very anti technology winning will be a bull run for crypto is retarded or a shill, anyone who thinks that democrats winning would be bad for crypto are jumping to the entirely opposite conclusion. who do you think is going to want to use crypto technology, republicans who think that people are using voter fraud through mail sorting machines, or socialist systems patenting using crypto technology in the mail system. BIG THINK question mark question mark, please leave /pol/

>>23340789
>implying dems and reps are opposing forces
so much for that galaxy brain of yours.

>>23340847
what a well thought out response, i am entirely BTFO. clearly i drew the hard lines and your assumption is correct about my statement

>>23340789
>hurr muh duurrr DYEEEEOoRRRr
>didnt even read the policies
This is the most glownigger post Ive seen all day.
Dems would hate an immutable uncancellable uncontrollable blockchain. Republicans wont like it but are more adaptible to (sensible) pro-economic change.

>>23339103
the stonk market tanked in 2000 after GWB was elected on the promise of lower taxes.

>>23341087
AHAHAHAHAHAHAHAHAH, yeah the same republicans that beat out dems everytime in terms of increasing the national debt, its literally a meme now how republicans destroy the economy and always let dems fix it and then comeback when its good and destroy it again, literally has happened every single time the parties have switched presidency, get your head out your ass retard

>>23341287
I didn't know Obongo was a republican. Thanks for the history lesson.

>>23341087
every single republican policy is about empowering wall street and big corporations. imagine being so dumb to think republicans, the pawns of wall street will support something that threatens the corporatist status quo

>>23340285
>not sure if you know this but all those tax increases are only for those that make more than half a million profit per year so it affects 0 people in here

are you fucking retarded enough to believe that many people here holding an ample amount of Chainlink, myself included, aren't holding well over a measly 400k?

>>23341321
you dumbass obviously can't understand the difference between total wealth and annual income

>>23341358
Hey bumblefuck we're talking about capital gains here. You can come up with any kinda cope you want to justify voting for Biden but it will hurt you in the end.

>>23341382
capital gains tax affects your annual income not your total wealth dumbass. if you are making half a million profit a year it means you already have already dozens of millions in total wealth

>>23341409
jesus christ you are dense. Anon, the bottom line is they want your capital gains to be 50%. so if you sell crypto, they're taking half the profits. It doesn't get any more cut and dry than that.

>>23341430
you are a massive retard lmao

>>23341430
imagine being so dumb you still don't get this. those taxes affect those that make millions in profit per year. It doesn't affect me so I don't give a fuck

>>23341469
it affects capital gains holy shit. If you made say a million from crypto the govt will take 500k of it. Jesus anon, you're making a fool of yourself.

>>23341469
Why are you in crypto if you’re not hoping to make it?

>>23341487
Don’t argue with shitskins. They aren’t worth your time.

>>23338390
Stocks will crash, crypto is tied to stocks, so yes

>>23341487
thats not how taxes work dumbass. the tax of each bracket applies only to the extra income above that bracket. even if I make half a million from crypto it will still have the same tax as now.
>>23341543
found the mexican mutt
>>23341535
ok when I have more than 20 million in wealth and those taxes start affecting me I will vote republican

>>23338390

I dont trust polls look at what happened in 2016 kek.

>>23338390
Everything will crash if Biden wins and increases the capital gains tax to 43%. Big money will dump everything before that happens.

>>23341304
obama took the economy from a disaster and gave it to trump on a silver platter you fucking mouth breathing moron

>>23341321
making 400k per year and having 400k in a scam coin is not even the slightest the same, nobody in this fucking board is making 400k a year in a job, you dont get taxed on your assets retard

>>23339539
Holy shit you’re retarded.

>>23342167
spotted the 40 IQ tard

>>23341287
>crash was obongo's fault
>the economy iscurrently shit because obongo
Smart

Trump is toast. I can’t wait to see that fucker behind bars

>>23341287
>>23342126
>>23342144
Confirmed boys. This one glows.

>>23339974
Yet. If you can’t use it for major projects, you “sold” your stack too soon.

>>23342126
unemployment rate after covid happened 40%
unemployment rate rn 7%
no dems had nothing to do with it because they wanted to keep businesses shot down. biden wants to shut businesses again of elected. what the fuck do you lil brain tart think will happen if he does it? do you really think he works in favor for people? he had 47 years if he had done a good job in this period he def would be elected. but trump is the winning horse. why? he doesn't even need to do fucking politics. he already has billions, could get any wife he wants, do what ever the fuck he wants and could not give a single shit about anybody. yet he decided to change the system because it keeps people like you and me poor (but especially you, stupid leftist scum) for a reason. a reason that is way too complex to explain for your small libtard brain so you rather dyor in this case or act on election day like a fucking schizophrenic piece of shit crying why he won and making conspiracy theories up to save your gay ass fake ass bubble of reality you're living in. you are already in a minority so hurry up. and also get some fresh air and start meditating and keep care of yourself. all libtards smell like awful for some reason ffs

>>23342697
W voting trump now

Republicans lower the taxes on the wealthy and shift taxes onto the lower and middle classes. If you want republicans to win than you are jews.

>>23342945
what if i told you that he is going to get rid off taxes completely in the future? (tax holiday look it up for yourself).

>>23343073

Trump promises a better healthcare plan "in two weeks" every month. Don't be 'tarded.

>>23343073
>look it up for yourself
How about you Q-tier subhuman lobotomites actually provide links for your own retarded claims? Literally takes half of a second to show that nothing you idiots ever sputter onto every board on this website is true, and even if there is a modicum of truth buried within the bullshit, there's another angle that shows how worthless that "truth" is.

https://www.cnet.com/personal-finance/trumps-payroll-tax-holiday-being-rejected-by-many-employers/

>>23341287
this image made me laugh at the author making it, you know the, Nelson Muntz laugh.

https://www.youtube.com/watch?v=BBYbcJzke-U

>>23339293
>Biden is backed by the finance
And trump isn't? ngmi

>>23339573
C'mon man!

>>23338390
Doesn't matter when you look into Value (yfv) and begin to understand. Few.

>>23342220
Durr orange man bad! Drumpf btfo and is raycis!

>>23339777
checked and respect