These dumb-ass 5% bitcoin sales are annoying: It's not worth cashing in coin to buy back lower as the ~21% Capital gains tax will wipe out any profit.
Oi.
IOW: Capital Gains Tax makes it so that
selling to rebuy lower is a losing move unless the after-sale dip is more than the CGT rate. Not limited to bitcoin: it's the same with stonks or any other financial asset.
unless it is long term rate sale.