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Well a lot of people are treating cryptocurrencies as speculative assets. ICOs wouldn't have been such a big thing if people didn't do that. So why shouldn't t
by kosievdmerwe 7y ago
Well a lot of people are treating cryptocurrencies as speculative assets. ICOs wouldn't have been such a big thing if people didn't do that.
So why shouldn't the IRS do the same?
- patrioticaction 7y agoThe ICO market crashed and trading volume on crypto exchanges keeps dipping lower and lower and lower. Its main use-case has shifted back to currency after a failed bid as a security.
- kosievdmerwe 7y agoThis is a relatively new change though, as in the last year/couple of months. So I wouldn't expect the IRS to have shifted it's treatment. Especially in the context of 2018 taxes.
- mirekrusin 7y agoCan you refer me to the source of "crypto exchanges [volume] keeps dipping", please? I'm looking at BTC volume and it's not dipping at all. There was a sharp drop in Jan '17 when Chinese exchanges were forced to close. Other than that volume correlates to the price.