Post
Topic
Board Bitcoin Discussion
Merits 2 from 1 user
Topic OP
I made a mistake shorting BTC at 17k
by
necudo
on 25/10/2022, 07:49:02 UTC
⭐ Merited by NotATether (2)
I've been holding BTC since 2020. 2 weeks ago when inflation data came out saying core CPI went up a lot i sold my BTC at 18,000$.At first it seemed i made right choice since stocks went almost -3% premarket and i thought we're gonna have final capitulation in both stocks and BTC, that it will go down to 13-15k.

Well when market opened everything just went up, ended like almost +3% at the end of the day. It was the perfect explanation why you shouldn't time the market. I made a huge mistake and i really refuse to buy BTC at now higher price.
It really seems BTC bottomed at 17.5k and stocks(SP 500) at 3480.

Good luck to all, i hope you're smarter than me