Biggest Crypto Mistake: Shorting Bitcoin - page 2.

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Quote from: rohasnagpal on June 11, 2024, 04:24:33 AM

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.

Bitcoin stops many times and in bull run, it has many corrections, draw downs. If you short Bitcoin around its correction, you will get profit and remember an important thing if you open a short position. Short position is for a short period of holding that position so don't make a short position and let it opens for some days, weeks, you will definitely get rekt.

Time is important with short positions but best is don't use leverage. Because you can not short Bitcoin if you use Spot trading which is a trading type you should use, not leverage trading or futures trading.

You can let your position opens a long time with Long but never do this with Short. Generally it is more true to say with leveraged positions, you should not let your positions open too long time like some days or weeks.

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Quote from: Sim_card on June 11, 2024, 07:18:02 AM

It is cool when professional traders are trading and making profit from shorts no matter how little it is. What I am concerned is the newbies that just got into the crypto space, who does not have the knowledge about the market jump into trading and loss all their capital. Such people should stay away from trading, because it is easy to be a long-term hodler than short-term. Bitcoin market is risky and needs solid trading skills to survive in the market.

Yes, this is what makes everyone want to become a professional trader by seeing their activities and getting enough profits from there. It's true what you say, being a long term investor is much better than short term which has much greater risk than long term. What you mentioned above is really not recommended or recommended for beginners to jump straight into the market without being equipped with knowledge, and if they force it of course they will lose a lot of their money. Yes, it is best if someone is new or wants to enter the world of trading, you should first study the various types of indicators that are often used by professionals to provide you with basic knowledge to start trading.

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Quote from: rohasnagpal on June 11, 2024, 04:24:33 AM

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.

- You know how many times I have read it here in our forum that bitcoin is more than 100% proven and tested in the long term. It is impossible for you to earn anything there after a few years, especially if 1 year before the bull run started. If you save bitcoin, you will definitely have something to grow on your capital after 1 or 2 years.

And what one of our colleagues here said is also right: if the timing we chose is right, for sure the profit we will experience and get from our holdings is also good. And if the timing is wrong, then you can lose, depending on the situation.

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Quote from: BlackBoss_ on June 11, 2024, 08:34:41 PM

Quote from: rohasnagpal on June 11, 2024, 04:24:33 AM

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.

Many people will disagree with you because in this market, there are two sides of movements, up and down. There are different times when market will have liquidations on either up or down way, with Short squeeze or Long squeeze respectively.

It's not rare to see both Long and Short squeezes within couple of minutes in this volatile market.

The bottom line is not bet against Bitcoin, I see you meant don't short against Bitcoin, but "Don't use leverage in Bitcoin market, for either Long or Short positions".

Liquidation data https://www.coinglass.com/LiquidationData

the short squeeze and long squeeze isn't really a problem when we don't over leverage and set tolerance against these kind of things, all the price swing so far that I've seen never ever liquidate people with leverage below 3x beyond that its exposed to the short or long squeeze but if we're talking about don't bet against bitcoin it does make sense, the fact that bitcoin keep increase its all time high means people that shorted bitcoin are just making temporary profit amidst the chaos like the sudden price pullback but will eventually caught up with the price pump and being margin called eventually if they keep shorting against bitcoin, they are not playing the long term game, they just playing the short game and will sees mediocre profit from their shorting activities.

longing bitcoin is what makes people rich these days, the people that longed bitcoin from the day of bearish probably making a ton, the people that don't over leverage are rather spared against the long squeeze and they can have peace of mind.
so shorting bitcoin is not a great strategy for long term. well it never was.

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Quote from: Cookdata on June 12, 2024, 07:16:07 AM

There are people that are actually good with shorting the market and it work very well them but here is something you need to understand about the market, time is everything you need to open a position in the market, when we are in the bull run, there are more opportunities of long position for market to go up more often than for it to go down and most of the times it quickly retrace anytime the market dump but there is risk as well.

Likewise it's healthy to short a market during a beer run, this is when you tend to make more money and it has it own risk, if you don't have liquidation price far from your mark price, you will lose money quickly because there are times we do have market squeeze when beers and bulls tend to liquidate each other account and it's the exchange that enjoys the fees been burnt for this operations.

Making that kind of profit from shorting isn't that common, and we should consider that when we are talking about this. I am not saying it is not possible, of course it is possible and can be done, it is just not that common and because of that it is not suggested. Obviously if you are great at what you do then you could make a good profit, and you should probably consider that as your main source of income if you are good at it because one can make so much profit from it.

However, if you do not know what you are doing, or haven't made a profit from it so far, then I would suggest staying away from it because you could lose so much more and very quickly as well, I have seen people lose entire savings in under an hour.

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Quote from: Dr.Bitcoin_Strange on June 12, 2024, 08:57:14 AM

For new investors, best option is to start accumulation during bear market and hold till a bull season when they can take profit.

But they have to wait again for that time but if they can wait for the bear market, it's going to take two years or near to that.

That's all what they can do with the market for them to start buying at the right time. Those that are going to make this bull run, they're the ones that have accumulated on 2022.

Now, the bull run has started and everyone has to wait that have missed it on 2026 which is likely the bear market.

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Quote from: rohasnagpal on June 11, 2024, 04:24:33 AM

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.

Hmm, I don't think it needs to be mentioned Bitcoin's potential especially don't Bitcointalk except for a few idiots, at the same time in my view betting is not a good habit you need to learn about market price action and phycology especially because betting is HAram haha, and super dangerous for the precious funds.

OP I won't even recommend anyone to long or short in leverage for Bitcoin or any other asset because you don't have control and ownership in prepertual trading, if you've taken a position in spot even if you are in loss aginst your value, it wont be considered as loss until or unless you take an exit from market.

Dr.Bitcoin_Strange

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One character of Bitcoin is volatility. Experts who are already experienced with price movement are the people that short Bitcoin and they do make profit from it but they also run lose sometimes. New investors should not take such risk unless they already have an experience investors who is backing them up.

For new investors, best option is to start accumulation during bear market and hold till a bull season when they can take profit.

Cookdata

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Quote from: rohasnagpal on June 11, 2024, 04:24:33 AM

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.

There are people that are actually good with shorting the market and it work very well them but here is something you need to understand about the market, time is everything you need to open a position in the market, when we are in the bull run, there are more opportunities of long position for market to go up more often than for it to go down and most of the times it quickly retrace anytime the market dump but there is risk as well.

Likewise it's healthy to short a market during a beer run, this is when you tend to make more money and it has it own risk, if you don't have liquidation price far from your mark price, you will lose money quickly because there are times we do have market squeeze when beers and bulls tend to liquidate each other account and it's the exchange that enjoys the fees been burnt for this operations.

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Quote from: rohasnagpal on June 11, 2024, 04:24:33 AM

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.

Well, I am against this, because if you are a trader you must be not biased. If your analysis is against Bitcoin and you identified to short Bitcoin in x period of time, then you will execute it. That's how good trader trade, no bias, and have dedication whenever what will comes in technical or fundamental analysis.

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Quote from: rohasnagpal on June 11, 2024, 04:24:33 AM

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.

Isn't it obvious though? but there are those individuals who goes, what I mean is that they could have sold Bitcoin early and stay away specially if we hit the bear market. But on the other hand, there are smart investors who goes and accumulation on that cycle and then wait for the bull to sell and make profits.

And without those who sell, market might not be this liquid, so it's good to us that some of us will get REKT, learn their mistakes and then comeback with a different strategy. But then it will be cyclical, as there will be newbies in the market that don't know how to play the game.

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Quote from: rohasnagpal on June 11, 2024, 04:24:33 AM

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.

Many people will disagree with you because in this market, there are two sides of movements, up and down. There are different times when market will have liquidations on either up or down way, with Short squeeze or Long squeeze respectively.

It's not rare to see both Long and Short squeezes within couple of minutes in this volatile market.

The bottom line is not bet against Bitcoin, I see you meant don't short against Bitcoin, but "Don't use leverage in Bitcoin market, for either Long or Short positions".

Liquidation data https://www.coinglass.com/LiquidationData

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Quote from: rohasnagpal on June 11, 2024, 04:24:33 AM

But here's the golden rule: Never bet against Bitcoin.

Op I would like to tell you that if someone is master of shorting then Bitcoin isn't a bad asset for the purpose. I personally know some traders who only short crypto assets including Bitcoin and they have made a lot of profits by doing that.

I know I'm also supporter of those who buy and hold Bitcoin but it would be unjust to say that the ones who short it aren't making money out of that shorting process. Surely the ones who short it with leverage are the ones who are at huge risk of losing their capital but as long as one doesn't use leverage then short Bitcoin is safe if that person knows what he/she is doing, and when to open a short position.

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Quote from: pooya87 on June 11, 2024, 04:28:46 AM

More than anything it's all about timing. Even though I would never short bitcoin but I wouldn't call it wrong per se. The problem is when people short bitcoin after the drop is over thinking (better say hoping) the price would go lower some more. This is when they get rekt.

For most people the best bet is to invest in bitcoin for long term rather than trying to play the market and make short term profit.

I think that OP is trying to say never try to fight a coming tide, or a hurricane. Bitcoin is an appreciating asset. If you look in a yearly perspective it goes up 70% of the time, so you're playing a rigged game, trying to bet on a 30% chance that you'll get it right and make some money, when betting on the 70% is a no-brainer.

Yes, you can make money shorting bitcoin, but you're taking unnecessary risk. You will earn money longing it anyway, without risking much. People who lose money usually try to overthink it. They have a fast car, but they want to make it faster and it ends up being hard to control, more dangerous. They have a great wife, but they're still looking for a better woman, even though we all know that there are no perfect things in this world. By doing so they jeopardize their relationship and end up being alone.

Make a safe bet guys and be happy with what you have.

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Quote from: rohasnagpal on June 11, 2024, 04:24:33 AM

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.

Bitcoin have shown some level of confidence in me that I won’t want to short it even when the market is on a correction mode. I will prefer to look at the future possibilities of it rather than banking on short term goals of it that I know will only last for a short period which you can’t even be certain the period (whether long or short) it will last. The biggest bet on bitcoin should be on the continuation movement of it in the uptrend and not the other way round.

Quote from: Nheer on June 11, 2024, 08:13:39 AM

Quote from: rohasnagpal on June 11, 2024, 04:24:33 AM

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

That’s just the fact bitcoin waits for no one. There were those who didn’t believe in it back then and it didn’t wait for them and when they came back it has gone up in price bit it doesn’t mean they are too late to hop on.

A lot of people that didn’t believe in bitcoin and came back lately into it are mostly the big whales investors and traders. They try to play smart with the market which is working out for them. Buying low and selling high for the investors. The traders now bank on trading, they do it by analysing the market on a short or long term depending on what the result of the analysis shows for them at the end of the analysis.

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You can make money shorting Bitcoin but any kind of leverage trading is not a good idea to do regularly. By far tge most proven path of success when dealing with Bitcoin is just to HODL long term. Sure it’s boring but it’s effective, simple.

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Quote from: pooya87 on June 11, 2024, 04:28:46 AM

More than anything it's all about timing. Even though I would never short bitcoin but I wouldn't call it wrong per se. The problem is when people short bitcoin after the drop is over thinking (better say hoping) the price would go lower some more. This is when they get rekt.

For most people the best bet is to invest in bitcoin for long term rather than trying to play the market and make short term profit.

Well yeah I agree you have a good point especially in long term investment on Bitcoin. But shorting Bitcoin does not matter or as you have said it's not wrong as long as you know the perfect entry and exit of your trades but if someone is just guessing indiscriminately without figuring out the trend or really has no idea about anything I think we can expect losing trades in that scenario.

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Quote from: rohasnagpal on June 11, 2024, 04:24:33 AM

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.

You are right currently the market is bullish even if sometimes it gives you down trends but they are temporary atleast till 2025 they are temporary. As I think after 2025, the bear run will start and we might see a long downtrend which we all want to avoid. So yeah going against the current of the river is a bad choice wait for the right time and once the current changes go downstream with it. Then you will face lesser problems but you don't want to go where it will take you I hope you are getting my point.

Overall doing future trading in BTC, I don't support it, as I spend good time in doing future trading and did not made any profit, it was so stressful and keep you under pressure which I did not bear so I found spot trading and holding more peaceful way to make money although they require more time and more capital but still worth the efforts.

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Quote from: rohasnagpal on June 11, 2024, 04:24:33 AM

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.

Betting against Bitcoin will never end well, we have hear stories of people who criticizes Bitcoin in the past and end up regretting not investing on it earlier because of how well it has turned and how good and profitable it will be in the future.
I am always looking for ways to bag more Bitcoin in my portfolio before it become late for me because Bitcoin will become globally accepted with time, and its value will worth more than our expectations.

Altcoins can actually gives quick profit, but Bitcoin is less volatile and less risky compare to shitcoins, and it is reliable and the best crypto to invest your savings in.

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The reality is that we are talking about something that doesn't really take that much time and effort at all. The reality is that we should consider shorting bitcoin as a valid option on bear periods if you want to, but not right now at all. I believe that after peaking in 2025, you could start considering that as an option, not saying that it would be a great option but it would definitely be an option.

Because then we would be going into the bear market and during that period it is not a mistake. But if you decide to make it work right now, then you are going to end up with a lot of trouble and I would say that we are going to end up with some issues if you are not careful at all. Best would be just focusing on what you can do.

Topic: Biggest Crypto Mistake: Shorting Bitcoin - page 2. (Read 443 times)