TERA
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December 23, 2015, 11:01:39 AM
Last edit: December 23, 2015, 11:28:05 AM by TERA



TRUMP 2016!

CAN'T STUMP THE TRUMP!

Trump will make Bitcoin mining in the USA profitable again!

Why should the chinks get all the profits from mining anyway?

Trump will deport all bears and shorters to Mexico!

TRUMP 2016!



Meanwhile,  in actual news, Bernie Sanders wants to impose a 0.1% - 0.5% financial transaction tax on trading, PER TRADE  (like your broker commission )...

Which would actually be a good thing, leading people to stop trading and only invest in product/companies they believe have a potential. And yes I trade. But it's not because I do something that I can't understand that it's not exactly a good practice.
Whether you like trading or not, the livelihood hundreds of thousands of traders from all social classes would be ruined, billion dollars companies would collapse, a trillion dollar market would be gone, and it might even lead to the collapse of the whole economy. In any case, the economic impact will be such that the amount of tax revenue generated is actually REDUCED rather than increased once factoring in the side effects.

Also, investing and trading are not mutually exclusive. Look into "Security based borrowing". You can actually use certain large cap assets as margin collateral to do your trading. I actually do this with Bitcoin, using bitcoins.

If Bernie is elected and this tax passes (which probably wont even if he is elected), expect btc to have a major drop in price as an exodus of U.S. traders occur, and some of the major exchanges (supported by traders) close down or gox everyone.