All these capital gains tax noobs panic selling will be in for a rude awakening next year. Either on the front-end when find out they owe 15% or more on their profits, or on the back-end when they get hit with that audit.
I don't think so. Sounds good to me.It's probably a small percentage overall, but it's only takes a decent push for the snowball to start rollin.
I could be wrong. We'll see. I always planned on being a 6 month thing AT LEAST on my coins. I been in this thread like 3 weeks and I've already seen like 5 celebrations and 4 apocalypses (granted this is a really big drop). So if that much happens that quick, who the fukk knows where we'll be 6 months from now, no one know. This is also the first holiday season where there are regular joes that weren't rich last year but are this year.
If you bought bitcoins last December you been holding been holding been holding and you got rich by this December. I think human nature is to say psychologically 'damn I had a good year, I think that's long enough' Might be over thinking it too.
SEC crackdownBitcoin fell as much as 20% to a low of $12,504 overnight, extending its loss from an intraday high this month toward 40% and on track for its worst week since 2013. Investors are having a "reality check," said some traders, while others commented that "a lot of the capital is flowing from bitcoin into alternative coins." There are also reports that the SEC's crackdown on cryptos is about to "get serious."