Occam's Razor

[Torque]

LMAO at everyone panicking.

Selloff is to pay the tax man, nothing more.  Happened last year this time too.  Good buying opp.  We'll be back up in May.

[bri912678]

Which country are you talking about? When do the US and Chinese tax men want paying? I guess those two countries would affect the market the most.

[WhatNow44]

Taxes.



hahahahahahahahah

[dropt]

Taxes.



hahahahahahahahah

Two first posts are of shit quality and posted in Speculation?  Thanks for the heads up to ignore your worthless drivel.

Cheers! 

[AnotherNewbie?]

Taxes.



hahahahahahahahah

Two first posts are of shit quality and posted in Speculation?  Thanks for the heads up to ignore your worthless drivel.

Cheers! 

No problem, I'll create another one 

[kwukduck]

Yea, cause nobody knew that was coming...
Nonsense.
It just shows how strong, or rather weak, the support at this price level really is.
It took 3 weeks to get from this level to the peak, just 2 dumps with regular day volume to bring it all the way down again.
Time to wake up and sell before you lose everything.

[Chef Ramsay]

Theoretically, taxes have to be paid in the USA by April 15th but people usually start filing in February if they want to get their returns back earlier.

[HarmonLi]

Interesting theory, well you are right that we've seen a pretty steep drop exactly one year ago. Same time next year we should all go and prepare for the last week of March, I guess...

[Torque]

Theoretically, taxes have to be paid in the USA by April 15th but people usually start filing in February if they want to get their returns back earlier.

Yep.  And if you sell certain assets (like stocks) to pay taxes, it can take 3-4 business days to close, and another 3-4 business days for a bank transfer.

[uki]

makes much more sense to me than any recent news (either positive or negative) that were linked to be behind the price moves.

[stonerider]

Torque's right, the current dip is due to US tax payers selling their bitcoins to pay the IRS. This sell-off may continue until April 15th. We apologize for creating a panic selling pressure, this is just temporary, please HODL if you can.

[bri912678]

Torque's right, the current dip is due to US tax payers selling their bitcoins to pay the IRS. This sell-off may continue until April 15th. We apologize for creating a panic selling pressure, this is just temporary, please HODL if you can.

What about Chinese tax payers? China has a massive effect on the market too. China and the US have to be the two biggest players because the USD and CNY markets have the biggest volumes on the echanges.

[pooya87]

this shows that a large number of investors in bitcoin are just newbies that saw a big price (number) one day and read some happy to the moon posts/news and hopped on the train with the hope of getting rich quick. but these people jump of the train everytime it enters a tunnel.

[Meuh6879]

Taxes.



hahahahahahahahah

[AtheistAKASaneBrain]

LMAO at everyone panicking.

Selloff is to pay the tax man, nothing more.  Happened last year this time too.  Good buying opp.  We'll be back up in May.

You cannot pin poin a price drop to a single particular thing like "oh its just people cashing out to pay taxes". Too many variables to tell.

[bitards]

How is a tax sell off the simple explanation. Bitcoin being worthless crap is the simplest explanation.
 

[SilenceOfTheLamb]

Torque's right, the current dip is due to US tax payers selling their bitcoins to pay the IRS. This sell-off may continue until April 15th. We apologize for creating a panic selling pressure, this is just temporary, please HODL if you can.

What about Chinese tax payers? China has a massive effect on the market too. China and the US have to be the two biggest players because the USD and CNY markets have the biggest volumes on the echanges.

-They don't pay taxes in China, it's all free.
-All free? Free my ass. What are you, a fuckin' commie? Huh?

[Morecoin Freeman]

[bassclef]

this shows that a large number of investors in bitcoin are just newbies that saw a big price (number) one day and read some happy to the moon posts/news and hopped on the train with the hope of getting rich quick. but these people jump of the train everytime it enters a tunnel.

It's the psychology of a bull market. It'll happen again and again.

[uki]

this shows that a large number of investors in bitcoin are just newbies that saw a big price (number) one day and read some happy to the moon posts/news and hopped on the train with the hope of getting rich quick. but these people jump of the train everytime it enters a tunnel.

It's the psychology of a bull market. It'll happen again and again.

exactly. rinse and repeat.