Post
Topic
Board Bitcoin Discussion
Re: Thoughts on My First Ever Trade BTC Long
by
tranthidung
on 29/03/2021, 04:13:05 UTC
In: 55K

SL: ? should I?

TP: 100k

3x

Liq Price: 38K

20% of my portfolio
Why do you think bitcoin will hit $100,000?
When do you think it will hit $100,000?

The WHEN question is important, it affects your plans:
  • Interest you have to pay in meantime with your Long position
  • It contains how long you will take risks. Price is volatile and everything can happen till the day WHEN bitcoin hits $100,000
  • Are you sure that your LONG position won't be liquidated
  • Why do you not not simply buy with Sport trading and withdraw your bitcoin from exchange wallet to your non custodial wallet? Hold it and wait for $100,000 to take profit. This year, next year or next 4 year, it is very possible.