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On an average day in Bitcoin's history...

Bitcoin Reddit

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  • 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.

submitted by /u/BlackSabbath5
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