The Great Bitcoin Crash of 2018 – a temporary thing or end of the crypto era?

The Great Bitcoin Crash of 2018 – a temporary thing or end of the crypto era?

https://www.youtube.com/watch?v=uxeBJpfr7AM&t=4s BitCoin- the digital currency that took the world by storm last year for its enormous return (more than 100% return in matter of days or even an hour) took a big hit last week.  After reaching an all time high of $ 19,783.06 in December 2017, it was trading at just $6400 a piece last week. So how did the most promising digital currency fail ? Is it the next too big to fail digital asset? Does it’s failure affect world economy? Read on to find out more! Reasons for the crash   Income Tax Return - The IRS (Internal Revenue Service) in 2014 made an announcement, making cryptocurrency a property or a digital asset rather than a digital currency, which makes it taxable. Hence, all the gains that were made with Bitcoin are taxable. Moreover, BitCoin received through mining is also taxable as an ordinary source of  income, based on “fair market value” at the date that BitCoin was mined. So, how does...
Read More