In case you haven't heard the IRS had been pressuring Coinbase to give up it's users information for tax purposes. After weeks of debate, the IRS has decided to become more lenient by "only trying to obtain records on users who have conducted "at least the equivalent of $20,000 in any one transaction type (buy, sell, send, or receive) in any one year during the 2013-2015 period".
http://www.coindesk.com/20000-irs-exempt-casual-bitcoin-buyers-coinbase-data-request/
So if you bought under 20k on coinbase you can relax a little bit.
It has been an absolute bloodbath and I'm glad I took profits when I did to enjoy a small vacation last week July 3rd.
BTC breaks down on both the daily and weekly charts as Tone vays talked about in his video two days ago. Taking the rest of the cryptomarket with it.
I wish we were in the bull trap stage to help scale out of positions but I think we are in the fear and denial stage. What do you think?
The same reason I took profits last week is the same reason I believe this the begining of a bear. If yo uwaht the world crypto network show the community is still divided an undecided with all the current SEGWIT2X / UASF FUD.
I don't see how 20-30 Billion will pump back into the market 3 week before August 1st with tall this FUD in the market.
I'm glad I took progits last week and was able to enjoy some of it.
Your still bag holding the best thing you can do now is just HODL until the market recovers.
If your looking to buy the "firesale" I would actually wait as I don't think we have hit the bottom yet. We will see.
"As I have said often, the challenge is not in making money, it is in keeping it."
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Good point about how pumping 20-30 billion back into the market before Aug 1 is unlikely.
Too much FUD.