The other near-term implication of the tax ruling is the margin call on miners who have to get cash before April 15.
Ditto in China apparently with April 15 deadline to sell and get out before exchanges close.
So we have perhaps persistent selling for next 2 weeks.
About the tax planning+timing issue. You just don't get it. Normal people already have no incentive to use Bitcoin and now they will really stay away from it. Why fuck with the hassle? Most people don't even know what a Schedule D is.
New software? Have you tried using H&R Block? I do every year, and they are the experts on simplification. My ex can't figure it out. I have to do her taxes this week.
Do you realize how stupid Americans are? They voted for Obama.
None of that affects the fundamental adoption by fanatical white males, but it is enough to bust the bubble run we've had and cause capitulation among all the weak hands.
And I think there are a lot of newbies that bought at $600 - $1000 who are sweating it right now.
Then there are those who are sure it can't go lower than $400. Some of them might capitulate as it breaks down from there.
We don't have the system of Sweden. IN the USA, everyone is afraid of the IRS. Or at least they don't want to add hassle with IRS just to use some stupid technobabble money that they don't need any way.
Ditto in China apparently with April 15 deadline to sell and get out before exchanges close.
So we have perhaps persistent selling for next 2 weeks.
About the tax planning+timing issue. You just don't get it. Normal people already have no incentive to use Bitcoin and now they will really stay away from it. Why fuck with the hassle? Most people don't even know what a Schedule D is.
New software? Have you tried using H&R Block? I do every year, and they are the experts on simplification. My ex can't figure it out. I have to do her taxes this week.
Do you realize how stupid Americans are? They voted for Obama.
None of that affects the fundamental adoption by fanatical white males, but it is enough to bust the bubble run we've had and cause capitulation among all the weak hands.
And I think there are a lot of newbies that bought at $600 - $1000 who are sweating it right now.
Then there are those who are sure it can't go lower than $400. Some of them might capitulate as it breaks down from there.
We don't have the system of Sweden. IN the USA, everyone is afraid of the IRS. Or at least they don't want to add hassle with IRS just to use some stupid technobabble money that they don't need any way.