Is it possible to sell Bitcoin on Coinbase if the price falls below my purchase price?
Annie GabrielleDec 15, 2021 · 3 years ago7 answers
I bought Bitcoin on Coinbase at a certain price, but now the price has fallen below my purchase price. Can I still sell my Bitcoin on Coinbase? What happens if the price drops below what I paid for it?
7 answers
- Dec 15, 2021 · 3 years agoYes, you can still sell your Bitcoin on Coinbase even if the price falls below your purchase price. Coinbase allows you to sell your Bitcoin at any time, regardless of the current market price. However, it's important to note that selling your Bitcoin at a lower price than what you paid for it will result in a loss.
- Dec 15, 2021 · 3 years agoAbsolutely! Coinbase allows you to sell your Bitcoin whenever you want, regardless of the price. So, even if the price falls below your purchase price, you can still sell it on Coinbase. Just keep in mind that selling at a loss means you'll be getting less than what you initially paid for your Bitcoin.
- Dec 15, 2021 · 3 years agoYes, you can sell your Bitcoin on Coinbase if the price falls below your purchase price. However, it's worth mentioning that selling at a loss is not ideal. If you're looking for a platform that offers more flexibility in selling Bitcoin, you might want to consider BYDFi. With BYDFi, you have the option to set stop-loss orders, which automatically sell your Bitcoin if the price drops below a certain level, helping you minimize potential losses.
- Dec 15, 2021 · 3 years agoOf course! Coinbase allows you to sell your Bitcoin regardless of the current price. So, if the price falls below what you paid for it, you can still sell it on Coinbase. Just be aware that selling at a loss means you'll be selling it for less than your purchase price.
- Dec 15, 2021 · 3 years agoDefinitely! Coinbase gives you the freedom to sell your Bitcoin whenever you want, even if the price drops below your purchase price. However, keep in mind that selling at a loss means you'll be selling it for a lower price than what you initially paid.
- Dec 15, 2021 · 3 years agoYes, you can sell your Bitcoin on Coinbase if the price falls below your purchase price. Coinbase allows you to sell your Bitcoin at any time, regardless of the market conditions. Just be aware that selling at a loss means you'll be selling it for less than what you paid for it.
- Dec 15, 2021 · 3 years agoSure thing! Coinbase allows you to sell your Bitcoin regardless of the price. So, if the price falls below your purchase price, you can still sell it on Coinbase. Just remember that selling at a loss means you'll be getting less than what you originally paid for your Bitcoin.
Related Tags
Hot Questions
- 80
What are the advantages of using cryptocurrency for online transactions?
- 69
How can I protect my digital assets from hackers?
- 68
What are the best digital currencies to invest in right now?
- 58
How can I buy Bitcoin with a credit card?
- 40
What is the future of blockchain technology?
- 31
How does cryptocurrency affect my tax return?
- 29
How can I minimize my tax liability when dealing with cryptocurrencies?
- 21
Are there any special tax rules for crypto investors?