Post
Topic
Board Trading Discussion
Re: Biggest Crypto Mistake: Shorting Bitcoin
by
goaldigger
on 15/06/2024, 21:56:25 UTC
Sure, you might snag a few wins, but in the long run, you WILL get rekt.

Bitcoin is an unstoppable train. If you don't believe in its power, don't hop on.

But here's the golden rule: Never bet against Bitcoin.
Not all the time because the price will not always pump and there’s a chance for you to make big money if you play short but of course futures are too risky regardless of the coin. Bitcoin is very volatile, you’re lucky enough if you are able to play short and the market hits it. Betting agains Bitcoin might not be ok but sometimes it give a good profit to the traders, its just a matter of timing the market.