Post
Topic
Board Bitcoin Discussion
Re: Reason Behind Bitcoin’s Price Crash Revealed
by
kenmobility
on 17/08/2018, 22:46:44 UTC
Early investors in Bitcoin are faced with large capital gain taxes from the profit they made in 2017.

Read more here: https://smartereum.com/5636/the-real-reason-behind-bitcoins-price-crash-revealed-tue-aug-7/

Qoute from that link,way back 2014 IRS made an announcement that crypto's are defined as a property and not a currency.
So as such they are entitle to pay thier taxes as property owners.

Personally, i doubt if this is the reason behind the crash, i don't see any way that IRS can be able to enforce this going by the decentralization of the system, they are just blabbing if you ask me.