Post
Topic
Board Bitcoin Discussion
Re: I made a mistake shorting BTC at 17k
by
Russlenat
on 26/10/2022, 21:52:53 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).
There’s no other way to regain your expected profits than to buy back again while the market is still deeply bearish. Although it’s really not a huge loss literally, but if you want to increase your profits when the market is finally bullish, then you don’t have to waste time waiting for another price dump just to buy again. No one knows what will be the price tomorrow or the following day, just buy back when you have enough funds for it.