Community post
Turning Point
It is believed that selling through crypto-swap exchanges will be subject to income tax in US jurisdictions. Many exchanges have a net income of more than $ 1 billion in 2017 and hold their working capital in the form of Bitcoin or Ethereum rather than USD. To enable these tax connections, they sell their BTC / ETH.
Concluding: "I expect Bitcoin to gain a foothold after the tax day, April 17."
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and
Replies (2)
agreed I think after tax date we will see some big things but I think it may be more delayed towards beginning of may
Of course that is possible but at this time I'm just glad that it is not further down. Maybe the cryptos have reached the bottom. I'm looking for the best time to buy and that could be just now or in the next few weeks