Topic: Biggest Crypto Mistake: Shorting Bitcoin (Read 440 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.

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.

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.

        -    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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.


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.

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.

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.

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.

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.

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.

Biggest crypto mistakes:
1. Buy rug pull coins.
2. Buy high, sell low.
3. Hand your coins to scam or liquidated projects.

Shorting Bitcoin is when you make money if Bitcoin price down, imagine if you shorting when Bitcoin was $71K to $69K and recently when Bitcoin was $69K to $66K, you're already in profit!

In the long run, people who were shorting Bitcoin can just to hold Bitcoin for long term, why should someone choose either shorting or holding if they can do both?

I've had some success with altcoins in 2017, but I've also had some failures later, when the altcoin bubble burst and most altcoins never returned to their former price level. So nowadays, I agree that Bitcoin is the safest bet among cryptos, and it seems likely to pay off in the long run. It's more of a question of how much it will pay off and how long one needs to wait for that to happen. There are also other options like gold or, in some cases, even relatively stable fiat like the USD, which can widely outperform local fiat currencies.

Every investor is entitled to his own approach to investing in Bitcoin, a few will prefer trading while some will aswell try as much to invest in for the long run but the fun fact is that all amounts to making profits, but when we try to get deeper we can mostly figure out that it is considerably the best to invest for the long run. A lot of investors has done this and it continuously keep working , those who would find it not profitable are those who are yet to understand the very two seasons of the market which is the bull and bear, this said investors panic once it gets to the bear season and you will see them sell off but a well detailed investors who understand the basics will understand that it is another time to invest even more rather than sell.

The most important thing is getting the timing right and believing in what works best for you. Some people believe in shorting and it have been working for them and were able to claim some profits, i believe it’s about knowing what works best for you and sticking to it but i think long term can be more profitable.

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.

You bet against it your loss.

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.

Do you really understand how the "bears" are making their profits? They are selling at high prices, buying at lower prices and keeping the profits. Selling BTC at 70K USD and buying back BTC at 60K USD doesn't mean that they are leaving the Bitcoin market or betting against Bitcoin. Shorting is basically the same process as selling high and buying low(the opposite of what the "bulls" are going-buying low and selling high). There's nothing wrong with shorting Bitcoin. The BTC price will always have it's drops and bear markets here and there. The bears aren't doing anything illegal or morally wrong. This is an open market and the traders on that market can choose whatever strategy they want to make a profit.

You'll never get rekt if you know what you are up to. You plan your purchase and as well as your selling. It's not all about how the peak you're going to sell it later on.

But I agree about pooya87 that it's about the timing. Here is a situation, there were people that have bought at the right price long time ago but then sold eventually.

While there's a new buyer that have bought considering higher than that first guy but then sold later than them with a higher price.

Anyway, if you're planning to exit then plan it. But then, no matter how early you bought, how sooner you sell, it won't change that fact that Bitcoin is here to stay.

100% true mate. A lot of crypto investors makes this mistake of thinking that they can make profit from investing in shitcoins, the same way they had invested in Bitcoin. But unfortunately they end up losing so much capital in pumps and dumps scheme. Speaking from experience, I had lost some reasonable amount of funds from investing in shit coins some years back. I guess it was my first time to experience the FOMO in reality. I saw some friends who made good profits and didn't want to miss. So I rushed and used my money to buy the coin and unfortunately it dumped.

Bitcoin is far more profitable on the long term. We shouldn't even compare it with other cryptocurrency as they aren't even in the same level. I've seen my investments move from hundreds to thousands in few months, that's how good Bitcoin is.

Bitcoin has been the most less volatile coin to trade and more predictable. I have been shorting it around $70000 to $71000 and I am making money from it.

But the disadvantage is that the profit is small. I use small amount and each $1000 bitcoin moves, I can only gain like $10. Which means I use the money that is 100 times lesser than bitcoin price.

There is more you need to learn about trading. Shorting can be more dangerous but there are times you should use it in overbought market and when the trend is bearish or when bitcoin is moving with certain price that you are certain about. Now bitcoin is moving within certain prices.

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.

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.