If you sold Bitcoin, you could buy back in for a lower price on 13% of all later days.
If you bought Bitcoin, you could sell for a profit on 87% of all later days.
There is an 11% probability that the price will never be lower than today.
There is 100% probability that the price will someday be higher than today. (Excluding the last few months since all time high).
Conclusion: It is much better to buy Bitcoin than to sell Bitcoin.
Especially considering capital gains taxes. You can make a "profit" in dollar terms by selling high and buying lower, but still end up with less Bitcoin, because you have to spend some of the gains by paying taxes.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments