Post
Topic
Board Bitcoin Discussion
Re: I made a mistake shorting BTC at 17k
by
necudo
on 26/10/2022, 08:20:54 UTC
If you don't want to look on this thread a few years later, and laugh for considering $20k expensive, I recommend you buy back. Selling bitcoin at $17k with $20k as current market value doesn't seem a "huge mistake". However, if the price doubles, triples etc., you're about to regret it.

Also, rainbows make sense until they're broken, same as with S2F.
Well, I don’t see it a huge mistake too because for me, it’s like a common mistake everyone is doing. You just have to be patient to wait for another dump price and it will be very possible this time since we are still in a bearish market. Bitcoin may seen pumping at the moment, but believe me it will always fall back again at any certain price. That’s the time you’ll decide if it will be a good price to buy or just wait for another dump price.

To be honest i dont think it will dump again below 19k.BTC was oversold plus because of high inflation the value/price of btc probably is 20% higher than before which would mean 17k bottom is probably 13-14k preinflation. The FED pivot is coming, Russia-Ukraine war is stagnating, crude oil went down, 10year treasure went down, Q3 GDP growth 2.9%. Economy is strong. I think i actually sold at bottom🤣But my stupid ass really deserved this, only blaming myself..