This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
If you buy Bitcoin at $126,000
and it goes to $88,000
you can sell it
and buy it back 6 seconds later
you still have the same one Bitcoin
But you can realize a capital loss of $38,000 for tax purposes