Post
Topic
Board Bitcoin Discussion
Re: Reason Behind Bitcoin’s Price Crash Revealed
by
stayeduptolate
on 24/09/2018, 13:36:40 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.
We all know that all these crypto currencies are completely volatile in nature and therefore their valuation keeps on flactuation and varies according to market demand and supply and some flactuation in valuation is also contributed by the kind of investment so it is very obvious that higher the number of investors and higher the amount they are investing in crypto, higher will be demand and higher will be the valuation and after the December pump, there are lots of people who sold their coin resulting in decrease in demand and the crash in bitcoin valuation.