- This topic has 20 replies, 2 voices, and was last updated 8 months ago by Bucksaway03.
- Sunday, June 12th, 2022 at 22:31 #304230gen66Participant
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.Sunday, June 12th, 2022 at 22:31 #304250Bucksaway03
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.Sunday, June 12th, 2022 at 22:32 #304249heavenlyfarts
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?Sunday, June 12th, 2022 at 22:33 #304248nick83487
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.Sunday, June 12th, 2022 at 22:33 #304247liquid_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.Sunday, June 12th, 2022 at 22:33 #304246leonah7
How can you be 90% sure its going to go lower? Enlighten us on the calculation of that 90%Sunday, June 12th, 2022 at 22:33 #304245Germanicus__
You figure this out all by yourself?Sunday, June 12th, 2022 at 22:34 #304244Odlavso
When I sell the market seems to go up, i could do to help everybody out but I won’tSunday, June 12th, 2022 at 22:34 #30424388eth
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.Sunday, June 12th, 2022 at 22:36 #304242Ateam043
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?Sunday, June 12th, 2022 at 22:36 #304241Remarkable_Term6189
Sell and my luck it doesn’t go down further if I buy it goes down further lolSunday, June 12th, 2022 at 22:37 #304240Spooky-poots
You can’t be 90% certain of a future you can’t controlSunday, June 12th, 2022 at 22:37 #304239CymandeTV
Holding is hassle free.Sunday, June 12th, 2022 at 22:42 #304238Wonzky
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)Sunday, June 12th, 2022 at 22:42 #304237PlantLeast
It seems the favorite word of this sub is “if”Sunday, June 12th, 2022 at 22:45 #304236ThatOtherGuy254
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.Sunday, June 12th, 2022 at 22:45 #304235mecca666
>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.Sunday, June 12th, 2022 at 22:45 #304234petewguy
You just described shorting.Sunday, June 12th, 2022 at 22:46 #304233TarkovReddit0r
If I sell my entire BTC bag it’ll go to 420k so no thanksSunday, June 12th, 2022 at 22:47 #304232Puzzleheaded-Ad4229
NonsenseSunday, June 12th, 2022 at 22:49 #304231TOXICCARBY
Good luck timing that, its basically gambling cuz BTC could crab at 28k before shorting back up to the 30k mark
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