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RE: Is it possible that Tax Day is the single biggest drain on Cryptocurrency Prices currently?

in #cryptocurrency7 years ago

This is a great point that you have brought up in this post! Many newer crypto investors cash out around major holidays too like Christmas because they need the money. Tax time is going to be interesting this year and next year because there has been limited advisement from the IRS on how best to file and everything else. Plus, it is something new so many people will try to claim ignorance.