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

in #cryptocurrency7 years ago

I think selling for tax reasons has further excaberated the selling but may not be the cause of it. People might think will I owe X amount of dollars in taxes, and I own Y amount of cryptocurrency. Then the market is represented by Y-X in your theory. In my opinion though, taxation is theft! Especially from crypto to crypto. This is stifling innovation! Just my 2 satoshis.

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