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Cryptocurrencies are one of the most volatile markets in the world.

The crypto market is notoriously difficult to predict because it's entirely driven by speculation and hype rather than any underlying asset or utility value. This means that when people start buying up an asset they think will rise in price (known as "buying on margin"), they can create a feedback loop where their expectations become self-fulfilling prophecies. And if enough people buy on margin at once without thinking it through, it can lead to a massive surge in value followed by an equally dramatic crash.

Aside from this volatility, cryptocurrencies are also difficult to tax because the . . .