Worry about this bear market? Ain't nobody got time for that!!!
What I'm concerned about is the complication of filing taxes in the US since there are three different forms of steem and they're awarded as payouts daily at a different price every single day. The Steem power, from my understanding, is the a quasi-equivalent of stock in the company which can be used to earn dividends thru curation and delegation) and since it is awarded, we must pay taxes on the "fair market value" of the SP (much like a company CEO would on company stock awarded to him / her) awarded on any given day.
I get SP payments added dozens of times per day thru curation and earn SBD thru delegation payments to me daily. That in itself will be a nightmare to track and report. I know there's systems in place for extracting this data but to my knowledge one still has to calculate the price of Steem for every single day of the year to determine the "stock" or steem power / vest value awarded and then pay taxes on that, which is taxed at a different rate that just regular old income like the SBD we earn (from what I understand at 5 a.m. before I've had my coffee).
But yeah this bear market doesn't scare me one bit. It's the tax man that does. And there lies an opportunity for programming savvy individuals to automate the calculations and report process into a user friendly program / software for the average joe. I'm a mechanical engineer (but I suck at programming) so I understand the tax side of it but it would take me awhile to figure out what I actually owe. 18 days til we have to pay the man here in the US...TICK TOCK! Bunch of crooks...But they're crooks that can put me in prison through the use of guns, men in body armor, and the court system if they please.