Topic: Biggest Crypto Mistake: Shorting Bitcoin (Read 347 times)

As a trader, this has some limitations ,recently there have been some movements of bitcoin around the $60k - $70k support and resistance in which as a trader with a proper TA, you will be able to know the times when you will be able to take advantage of the movements and when there's a fall or crash, the best you can do at that moment to be able to take advantage of the moment is to short and for investors is to sell off your assets and wait for a rebuy opportunity at the bottom of the trend or chart but if you are sayin you still want to long while there a fall or a bear, you are moving against the flow of the market and you will eventually get your fingers burnt and your account blown, always make sure to follow the trend, except you are a long term investor and then you would want to profit from the total movement of bitcoin which usually sums to a bull, or better put to an uptrend because bitcoin after a period of time, usually gets to break an ATH after which the price stays up there and never comes back to a certain range and if it does, it eventually makes sure to later go back up, invariably a long term bitcoin investments such as a 5-10 years usually gets a total upward movement  which turns out to profit them and gets them the most of the profits but for investments that wants to spam through a few months may be prone to suffering some losses.

That was why I said trading requires more knowledge and skill because you have to be knowledgeable about how to read charts and how to combine the trading tools in order to make a profit. Holding your coins doesn't require any serious knowledge; you just need to buy them at a low price and hold them until the price has become bullish. Traders expect a short-term profit, while investors expect a long-term profit. Even if you buy Bitcoin at a high price, you just need to hold it for a very long time until the price becomes bullish, but while trading, if your prediction goes against you, you can lose your asset. 

On the other hand, using stop losses must also pay attention to the framework we create, because if not, we will often be faced with the stop loss being touched and the price rising again. therefore many traders are confused about it. However, we must always evaluate that we must provide a stoploss space that is not too close to the price action, but also still fits into our risk calculations.

people see buying shitcoins as a way to them out of poverty they don't know that they are looking for ways to take their self back to poverty because something that is usually hyped and dumped and people will still want to invest in such coins of recent something happened, and I feel those that get their self involved with shitscoins are does that can gamble very well because to me that's pure gambling because something you are not sure of is gambling. and something happened of recent when so called influencers create a project hyped it and as am talking to you now that project is down and people always have this believe that people will invest as far that influencers is advertising it and all influences care about is their money.


And instead, they invest in trustworthy projects to invest in because there are legit projects that have gained more rounds and that is even far better than even going for shitcoins people always want to make 100x and they dont longer consider the risk they will face, and the mistake of even holding coins is worst than that of saving seeds on email and a lot of people are guilty of this act but people dont listen until if they end up experiencing what they have been warned of that way they will learn, and people are still finding it difficult to keep their seed phrase safe, they are a lot of mistakes that people are always fond of doing and that is why some of them will even fall in the hands of scam.

I guess it's better to say don't against the surge or flow of the market, if the price of the coin is going down make a ride on it and not hope there's a reversal because sometimes a long down trend gives another dump. Currently, the market price of the bitcoin has dropped to 65k and many people get liquidated before the price goes deep its better to have at least signals and analysis with the market behavior so you don't get carried away with your position always mark to make a stop loss and take profit use this feature to prevent trade using your emotions.

It is the same for people who choose to hold or trade with their bitcoin, to get profit or loss. Three big things to decide their results for investment or trading, entry, exit, time of holding their investment or trading position.

It's not true to say if you hold, you get profit. Profit or loss, depends on when you enter the market, what is your entry price, and how long will you hold your bitcoin that affects your exit price. Together, they make your profit or loss with holding.

It is nearly the same with trading but trading basically requires less time to let your position opens. Anyway, entry, exit, time of position open are decisive things for your trading profit or loss.

While investing in Bitcoin, holding is profitable, and trading is also profitable, but trading requires enough knowledge and skill before one can begin to make a profit from it. In both trading and holding, profits are made depending on volatility, but if an individual doesn't want to lose a dime from their capital, the best option to choose is holding, because while holding, you don't lose anything, but for trading, you might even lose your entire asset due to volatility. 

Some people choose to trade because of the quick profit that they are expecting, and as long as anyone can bear the risk of shorting, let them trade. The worst case is if the person doesn't take their time to learn before starting. 

It's always hodling is the key. If you aim to maximize your profits, then focus on hodling for long term, not just for short term.

However when it comes to shorting bitcoin, this won't guarantee sure profits most especially that price volatility is high. But if the market will favor, maybe you could be in profits but it's more on the chance to lose is high if you are not good enough in shorting bitcoin.

Op also thinks rationally. because everyone's thoughts have views that may be different from what you believe.
few or perhaps more people today believe in Bitcoin's long-term. If we are among the people who have read history, we will understand a strategy to gain profits.
That doesn't mean short Bitcoin is something bad or unprofitable. traders take advantage of Bitcoin's market potential to gain profits in the short term. but maybe this is related to each person's view regarding how they seek profits according to their skills and abilities.

I totally agree with you Mate, you made a clear point.  The biggest crypto mistake as you have rightly said is investing into shit coins, paying attention to media and not valuing your own personal opinion is by far weigh the worst thing any Bitcoiner can get into.
Shorting Bitcoin is never a bad or great deal, I believe before one shorts Bitcoin it comes from a source of knowledge, understanding of his analysis of which might be profitable or Unprofitable, how tend does such become a mistake when we have seen Bitcoin price fall and also rise, that is simply counter-trend Trading. I advise we read more about Counter Trading and Timeframes.
I advocate we make more of reasonable thread, not some shitty threads without bases.

The biggest mistake in crypto is buying worthless shitcoins and following liars on social media. People who follow social media personalities, especially the ones that used to promote scams like Bitboy, will lose money sooner or later. There are many other mistakes people make like holding coins on exchanges, bragging about owning coins worth a lot of money, holding seeds on email accounts...
Shorting bitcoin is a double edged sword. You can make some money and lose money by doing it. It's by far not the worst thing you can do.

There are many new investors who do not understand the difference between sheet coin and bitcoin. Due to which if they invest in sheet coin they lose money then maybe they think that I have lost investment through bitcoin. I will tell them first you have to understand well in which you are investing you are investing sheet coin or you are investing bitcoin. In the case of Bitcoin investment we need to first gain enough knowledge about the Bitcoin market and then do enough research about Bitcoin and then we have to invest. We must have a long-term plan in the case of Bitcoin investment. If we can invest with a long-term plan and check the market, we can definitely achieve a considerable amount of success by investing in this Bitcoin. Many big investors lose patience, so patience is very important. We should not lose patience. If we can invest patiently, we will definitely be one of the successful investors.

Shorting or Longing should not be a long term strategy. They are particularly used by short term traders who buys and sells within a short period of time like a day or a week. People may try different ways but neither shorting nor holding the Long for too long is beneficial. They should be done when you are sure about the short term price movement.
In my experience even the leverage should be a short term strategy. The best one for long term would simply be to hold onto.

That's the beauty of bitcoin; it's so volatile that if you are good enough to turn the tables by finding the opportunity to seek a good chance of earning and take advantage of the volatility of the market, for example, if the market is bearish, you could do DCA in order to bring bitcoin and, of course, wait for the moment that you could see your earning. So in short, it will be a long-term investment, and holding you could not make a short-term trade in bitcoin because it will only make you a small profit and cannot maximise the potential profit. So if you are not afraid of taking the risk and you can actually make the risk into profit then you are good enough to say that you can make a good profit in bitcoin, it take a lot of courage and critical thinking in order to make a profit in bitcoin you just have to be patience.

As a permabull, I don't think there is anything wrong about being a short seller even for Bitcoin. It just depends on the market and the opportunities available at the time. If there are short opportunities and the entries are just right, then by all means. I think this is very similar to the situation when you can spot-sell bitcoin at a much higher price and buy again but at a much lower price. This way, you don't leave money on the table while ending up with more coins than before. As long as you're a bitcoin bull for the long term, you should be fine.

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.

Short term profits is fine, but long term hodling is what makes profits satisfying. So don't just invest in seek for short term profitability but always go for the long term. Aside from going bitcoin with timing, it's also a must to never underestimate the power of holding bitcoin. At the end of the day, there's more to profits and sustainability if you have deep faith for bitcoin to keep it long term.

You wont really be needing to make up neither LONG or SHORT position if you would really be just that tending to make up with that long term hold because if we do speak about
choice then it would really be just that depending on what kind of trader you are. If you are someone who do really love on tending to dive in with the market volatility on active manner
then you would really be that definitely be making those long or short position which is of course it would really be just that normal that it would be having that risks.

If you cant be able to bare up with the risks then dont trade actively but if you are someone who is risk taker and doesnt really like on holding
for a very long time before you could really be able to see profits because not all would really be having the patience and this is why they do prefer on this way.

If you don't know the trends and ins and outs of this bitcoin industry and even other cryptocurrencies, you will really lose the money you will use here, in addition to wasting the effort and time you will spend on it. And many people have experienced this, and others have cursed Bitcoin and cryptocurrency.

But if you will be smart investors and persevere to find out and study it, maybe somehow you will know the right step to take to be successful in this industry. Because there are many people who have succeeded in this, it means that they have followed the right procedure, and that is what we should know.

Those who had the concept of Bitcoin a few years ago that it was just a meme coin and would go back down are now asking why we didn't believe in Bitcoin at that time and why didn't invest when even the price was so low that thousands of BTC could be bought and accumulated? The coin has now gone so high that it will crash and never stabilize again or investment in Bitcoin can be nothing but a very long wait. People will regret tomorrow and to avoid this regret, I started investing in Bitcoin a few years ago and till now I am saving Bitcoin so that it will serve me in my future and I don't have to regret my decision. I can buy more if the coin falls.

Another thing that I would like to mention is that if you have a 100 percent investment, I suggest that you don't put your 100 percent investment in Bitcoin, say 50 or 30 percent in Bitcoin. By adopting the DCA method, save money for other things like the market is up, if as people say, Bitcoin can drop from here, if such a condition happens, then we are prepared for all kinds of situations. So prepare yourself.