Recently there has been more and more conversations in regards "Will Tax Day cause a surge". Thomas Lee with similar articles articles state that there will be a huge price surge up.
My shows that at the moment we are at the peak of bull-ish cycle and there should be another shoulder of price rising up and then the cycle should reverse into bear-ish cycle with price pushing down. However if "experts" are correct, there will be a major disruption to current cycles and new cycles will take time to establish.
Therefore, the question remains - will the price surge up or drop down? Leave your thoughts and models in the comments bellow.
Happy Tax Day!
If you have any analysis or data to prove me wrong, I am very much interested to see it!
Now in regards of regulations - I think it is very complex question. In short, YES I am pro regulations. But this answer will mislead you!
So how is it? I am pro liberty, access, ease of use and transparency of BlockChain and therefore Crypto currencies. However, I am against fraud, "dark web" activities and fraudulent/reckless ICO's that waist people time and money!
So #BlockChain is an amazing revolution in my opinion. It should automate ledgers, transactions, banking, remove any middlemen and make finances cheaper and easy to access to everyone! However, there must be transparency enforcement mechanisms (ideally automated ones) that allow to verify any identity or any transaction and eliminate any fraudulent or manipulative activities.
More, since it's very mathematical and computerized, BOT's and similar activities in cryptos should be banned! This again takes power from "average Joe" and gives huge power to tech savy or large players... Again destroying the whole purpose of cryptos! This is number one reason why Bitcoin is not adopted as it was supposed to be! Banks, whales and bots just made it into another gimmick :(
But on a less ideological level, I think any regulations put in place by the current establishment will be heavy-handed and ham-fisted because they will attempt to overstep what can actually be done because they don't understand it. I'm happy to pay tax on income and purchases (as long as the mining fee is taken into account and subtracted) but that's it. Any more will rightly be utterly rejected by the new economy and it will simply mean that those countries with the worst regulations will be left behind by the new decentralized economy this is one thing I hope that the UK doesn't lead the world in, because It's going to be a disaster