[gen66Participant]

You may be laughing but yes there are people who still think if they sell all their BTC now and buy with the entire amount at a lower price say 20k, they will lose money. The entire illusion comes because they will be selling at a loss. So in their mind, Oh no I’m selling at a 50% loss. Well yes but if it dips further and you buy back , that’s profitable!

Buy 2 BTC at 60,000$ = 120,000$

BTC price goes 30,000$. Sell 2 BTC at 30,000$ = 60,000$

BTC price goes 25,000$. Buy BTC for 60,000$ at a price of 25,000$ = 2.4 BTC

So because you sold at 30k and bought again at 25k you now have 2.4 BTC instead of 2 BTC. If price goes back to 60K you will have 144,000$ instead of 120,000$.

Please don’t attack and don’t laugh at people who ask should I sell and buy lower.

[Bucksaway03]

Nothing in crypto is certain. Stop with this bullshit.

Sell now and you MAY be able to buy in cheaper later. If not you just sold at a loss and are now buying in higher.

[heavenlyfarts]

That’s called timing the market. I think it will go lower, but am I willing to risk having to buy back in higher than I sold?

[nick83487]

But if you’re 100% sure the price will go higher long term, then for some people, it isn’t worth risking that 10%.

Also if you do sell to buy in lower, what determines your entry? It will always seem like it could still go lower.

[liquid_at]

Or buy a 3x short token on bitcoin and use the gains to buy more on the bottom.

Selling always creates a taxable event and in some countries long-term-hodling matters.

There are ways to profit off the drop without selling.

[leonah7]

How can you be 90% sure its going to go lower? Enlighten us on the calculation of that 90%

[Germanicus__]

You figure this out all by yourself?

[Odlavso]

When I sell the market seems to go up, i could do to help everybody out but I won’t

[88eth]

Most people are all of you, except me. I sold at $65k and re-bought at $35k. I should become the guru of prediction and right now Bitcoin will go 20% up because 2022 is an EXACT copy of 2017/2018.

[Ateam043]

I think I haven’t done it because filing your taxes is a giant pain in the ass.

Sure I can claim my losses but isn’t their a rule that I can’t claim capital loss if I buy the same asset within 30 days?

[Remarkable_Term6189]

Sell and my luck it doesn’t go down further if I buy it goes down further lol

[Spooky-poots]

You can’t be 90% certain of a future you can’t control

[CymandeTV]

Holding is hassle free.

[Wonzky]

I mean, if people were always certain then yeah that’s just simple math, but we don’t all have crystal balls (well working ones at least)

[PlantLeast]

It seems the favorite word of this sub is “if”

[ThatOtherGuy254]

And what happens if you time it wrong? There was a whale who sold a huge amount of Bitcoin for $300 each in 2014. The price of Bitcoin has never been lower than that since.

[mecca666]

>if it dips further

Some people do not like to gamble.

Myself I’m convinced it will and I am shorting on leverage, but I understand why others just hold.

[petewguy]

You just described shorting.

[TarkovReddit0r]

If I sell my entire BTC bag it’ll go to 420k so no thanks

[Puzzleheaded-Ad4229]

Nonsense

[TOXICCARBY]

Good luck timing that, its basically gambling cuz BTC could crab at 28k before shorting back up to the 30k mark

[Author]

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