Some people kept spamming the close position button (which is a terrible way to exit a trade in the first place, nevermind during high volatility but whatever) and bitfinex's engine fucked up and ended up selling and then buying and selling and buying the amount of their original position over and over.

Just declare them as 0 cost basis like you said and pay taxes on the profit.

You do already owe for every time you sold on an exchange even if you didn't cash it out into your bank account. But with no data to prove it either way I don't see what you can do and I don't see how the tax man would ever find out about it so I wouldn't really worry about it.

Not all longs with liquidation price under $200 were liquidated. The liquidations were paused to allow the market to recover. How many are left and whether it's worth the risk of selling the market down to those prices again is any one's guess however.

Short from $236, but that had nothing to do with my post. Whether a few little fishies decide to buy in or not isn't gonna effect my trading. I would've given the exact same advice last week when I was long and waiting for a bounce.

And the people who actually need advice like this aren't gonna be moving in and out of the market like me, at least, I hope not. They're just looking to buy some coin to sit on for while. If they were a trader I'd tell them to wait for the giant red dildo and go all in but it'd be irresponsible to give advice like that to someone who doesn't know what they're doing. They might foolishly decide to go 20x long and get rekt where they would've been fine in a non-leveraged trade.

In a word? No.

The trend is still down. Maybe buy a little bit to get your feet wet and to play around with different wallets or whatever. But you shouldn't go in heavy until the trend is in your favor. The only ones who have to buy during a bear market are mega whales who wouldn't be able to fill their bags from buying into a bull market.

And don't listen to the idiot bulltards on here. I'm bullish on btc long term but there's no reason to expose yourself to the risk that buying into this bear market entails. They'll say, "it won't matter what price you buy in at because it's going to the moon", but the same exact thing is true in bull market. It doesn't matter if the price is double what it is right now when you buy if it goes up 10x right afterward. It's not like the price is gonna jump to $1000 in a day and keep going. 99.9% chance there isn't anywhere near enough money on the exchanges for that to happen. The chance of it crashing to $100 in a day is much more likely, as much as it pains me to say.

The only reason to buy right now is if you just want to treat it like a retirement account. If you don't want to watch the market and your horizon is long enough it won't matter if the price halves in value again before going back up. Besides, in that case you're probably dollar cost averaging so you'll get some of those cheap coins too. But in any case you really only want to invest 1-5% of your net worth. Don't put in any more than that unless you know wtf you're doing (as in, you know what a fucking stop loss is, unlike many bitcoin margin traders).