Post
Topic
Board Bitcoin Discussion
Re: I made a mistake shorting BTC at 17k
by
serveria.com
on 18/06/2023, 10:33:17 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

Such a pity we have to read such posts every Bitcoin cycle. I can't even count how many I have read since 2011. Thousands probably. You're not the first and definitely not the last person to get rekt.