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Numbers are for example. Does it makes sense to engage in such day trading? (For bitcoin)

5
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    It makes a lot of sense to buy back in at $46k if you can sell it for more than $46k later. Otherwise, not so much. – Bob Baerker Feb 11 at 16:39
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    I assume you ask this because you already sold at 40K and now wish you hadn't sold it? – TTT Feb 11 at 16:50
  • I think I did right by selling at 40k and bought more at 46k. And I think regardless of how much bitcoin rise, since I now have more btc it will profit me more than it would be otherwise(case where I hold 30k$) – Juh Hty Feb 11 at 16:58
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    What do you mean by "more bitcoin"? You mean more than your original purchase? seems like you'd have less if you sold some for $40 and bought again at $46. And you would have profited more if you had kept what you bought at 30. – D Stanley Feb 11 at 17:10
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    Where did you get the extra $6K? – RonJohn Feb 11 at 17:31
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You only buy an investment if you think it's going up in value

You only sell an investment if you think it's going down in value (or want to cash out and don't want to risk it going down more)

So buy at 30 and sell at 40 is perfectly reasonable. But you'd only buy at 46 if you think it's going up from there.

And obviously it would have been better if you had kept it rather than selling at 40, but you wouldn't have known that it would go to 46 at the time. Don't let past performance (or regret) be the only factor in your buy/sell decision.

Addressing your comments:

I think I did right by selling at 40k and bought more at 46k.

Well, it would have been better to keep it, but there was no way to know that at the time, and I can't fault you for locking in a 33% return.

And I think regardless of how much bitcoin rise, since I now have more btc it will profit me more than it would be otherwise(case where I hold 30k$)

Wrong. Let's say you bought 100 bitcoin at $30 for an investment of $3,000. If you sold at $40 you'd now have $4,000 for a $1,000 profit. If you then bought at $46, you'd only be able to buy $4,000/$46 = 87 bitcoin (rounded) rather than 100. So you have less bitcoin than if you had kept the lot you originally bought at $30. If you had kept it, you'd have a total value of $4,600 rather then $4,000.

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