@theparthrastogi In your example:
You lock in a $32k loss but when price rises again, you’ll end up paying tax on a larger gain later
So overall, your net position is basically the same as if you never sold (you’ve just shifted when the tax happens)
@theparthrastogi This isn’t really a “hack” the way it’s being presented.
Yes, selling at a loss and buying back resets your cost basis and gives you a realized loss. But that doesn’t magically create free money.
If BTC later goes up, your new cost basis is lower, so your future gains are higher.
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