Been awhile since I have posted anything that is some what meaningful... Hope everyone has is well.

Been hearing a lot of "selling now and possibly buying back lower"

Years ago I'd came up with a formula that may give you a little more insight to what you are really doing and the conditions needed to "Buy Back Lower" especially for those who live in a country where the Capital Gain Tax isn't that friendly... was crafted to convince someone what they were planning wasn't going to end well...

D = Perc Decline from Sale Price
S = Sale Price
C = Cost Basis
CGT = Cocky Government TShakedown (The T Silent)

D = ((S - C) * CGT) / S * 100


Decline %   Sales Price   Cost Basis   CGT
29.75%   $118,000.00   $1,000.00   30.00%
28.73%   $118,000.00   $5,000.00   30.00%
27.46%   $118,000.00   $10,000.00   30.00%
24.92%   $118,000.00   $20,000.00   30.00%
22.37%   $118,000.00   $30,000.00   30.00%
19.83%   $118,000.00   $40,000.00   30.00%
17.29%   $118,000.00   $50,000.00   30.00%
14.75%   $118,000.00   $60,000.00   30.00%
12.20%   $118,000.00   $70,000.00   30.00%



Not to mention the psychology of price declination. I bet 99% of people didn't buy enough bitcoin or any during the bear market! so what makes you think you would now...

The only slight benefit, and I stress, slight, is that you increase your cost base. Which to me feels more like a taxation on un-realised gains.... especially if you fall within the declining %.