Post
Topic
Board Bitcoin Discussion
Re: I made a mistake shorting BTC at 17k
by
Finestream
on 25/10/2022, 21:49:03 UTC
I suggest you buy back your BTC now before prices shoot back up, because the logarithmic rainbow charts are already putting this current price in "Basically a fire sale", even almost breaking below that color line - meaning we will never see $17K again (sorry Bitcoin to zero doomers).
If you are worrying too much, then do not wait for another bitcoin price since the current price is still a good buy. Though you may experience losses for now, but for certain you will get huge returns in the future. However, waiting for another price drop too is still a good decision but I can’t tell when it will be happening seeing bitcoin price starts to pump these days.