Post
Topic
Board Bitcoin Discussion
Re: I made a mistake shorting BTC at 17k
by
NeuroticFish
on 26/10/2022, 08:36:12 UTC
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..

We will know for sure that 19k is no longer possible only after the price gets much higher.
But on paper, yes, things start looking good (although I disagree with the "economy is strong" part), also it kinda matches the 4-year cycle movements.

Whether you deserve this or not... it's always debatable. I hope you've bough back at least some of the loses.