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RE: Steem, Taxes, and the Crypto bear market
Good luck to you. I hope you are somehow able to keep some funds invested in quality crypto assets until at least June, if not longer. I think prices are going to rise substantially in the coming months, perhaps as early as May. The longer people are able to stay invested, the better.
Forced liquidations of crypto assets to pay taxes should subside after mid-April. I'm reading from multiple sources that there is a lot of sizable interest in the over the counter market for bitcoin. Perhaps if some institutional investors are able to buy most or all of the bitcoin being sold by the Mt. Gox trustee, that will get rid of the overhang and allow the price of bitcoin to resume its uptrend, which will help quality altcoins as well.
There is no way to know if crypto will go up or down. Also that hypothesis could be nothing more than a myth. I don't think the majority of crypto traders are in the US. Most are in Asia.
Investing in crypto assets is risky. I'm only speculating with funds I'm prepared to lose because my potential losses are limited but my potential gains are not. I personally do not know whether there really is sizable interest in bitcoin in the OTC market, but some of the sources are credible. When U.S. investors stop selling to pay their taxes that will relieve at least some of the downward pressure. Nobody has a crystal ball, we'll have to see how this plays out. The strategy I'm pursuing works for me.