Date: November 29th, 2017 3:13 PM Author: misanthropic location
Depends. They may sell some positions to offset gains for 2017. Or they may want to recognize the gains in 2017 because they anticipate being in a higher tax bracket in 2018.
Date: November 30th, 2017 2:01 PM Author: pale mood halford
Good responses and agreed. My sentences should have been disjointed. I perceived the coinbase activity as bullish bc it suggested new users that would be buying in over the next three weeks as they get setup, so i thought Christmas time would be bullish. I then postulated that when there is a dip it would be a tax driven dip in early jan, which you guys rightly pointed out is more mixed than I thought.
Looks like the coinbase activity may have been massive sell offs.