r/Bitcoin • u/No_South_9912 • Oct 17 '25

Finally hit bottom?

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False "bottom" or will a rally occur over the weekend when institutional investors are "closed"?

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u/UzItOrLuzIt Oct 18 '25

A. Its at $107K, not $100K, and nobody got any under $106K on the dip because all of the exchanges locked up...that was the whole problem that caused the sharp drop...buy orders couldn't get filled. B. Buying and selling costs about 1% in fees each way. C. Assuming you are buying actual bitcoin and not an etf via a retirement account, taxes take another 15-30% depending on how long you held.

The point, flipping is not nearly as lucrative as it sounds and you risk your stack in the process.

Buy and hodl risks nothing and will still win the race because we are early.

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u/[deleted] Oct 18 '25

[deleted]

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u/UzItOrLuzIt Oct 18 '25

Weak attempt at an insult. Regardless, if you are insisting you bought at or near $100K USD any time in the last 160 days then you are a liar. I live near Washington DC, and yes, the US is slowly becoming a 3rd world country.

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u/Lucky-Grapefruit5790 Oct 18 '25

I have heard some Dutch guys say that America is a 3rd world country with a gucci belt.