Post
Topic
Board Bitcoin Discussion
Re: I made a mistake shorting BTC at 17k
by
m2017
on 26/10/2022, 13:20:22 UTC
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.

Now market is pumping like crazy,its obvious we won't go back to 18k or below.
Good luck to all, i hope you're smarter than me
Unfortunately, no one is immune from mistakes and our expectations sometimes diverge from the real state of affairs. You should always take into account the risk that your decision is wrong because you didn't take into account some facts and because of this made the wrong decision. You need to learn from mistakes and try not to repeat them. I hope that the unpleasant incident with OP will be a reminder both for him and for the readers of this thread. Trying to outsmart the market is fraught with unpleasant surprises and is much more comfortable to play in the long run.