I will problably at this point be forced to be short squeezed I do see bitcoin at $300,000 in the long term and I just have to make 100% sure I don't miss this run... I was going to buy back in at 4500 when I sold at 5300 range.... however I didn't get it I thought at the most it would push up to 5700-6500 and that would be the top before a correction because major 6k resistance was so close and I didn't think it would just go straight through it like it was nothing.... but it did and now I am very very butthurt obviously I will not buy back in at these prices youd have to be a complete retard to buy in right after a 200% pump in literally 8 weeks.... but... I will problably be forced to buy back into this correction closer to $6,000 and get short squeezed pretty badly..... from 5300.... I do believe this will correct to 4500 but I can no longer BET ON IT ANYMORE I MUST MAKE SURE I OBTAIN THEM AND NOT GET LEFT BEHIND AND THE ODDS ARENT HIGH ENOUGH FOR A DROP TO 4500 ANYMORE!!!!!! I DO STILL BELIEVE IT WILL HAPPEN BUT I CANNOT BET ON IT AT THIS POINT ITS JUST TOOO HARD OF A DUMP TO BET ON HOWEVER IF IT DOES I WILL PROBLABLY TAKE OUT A LOAN FROM THE BANK OR SOMETHING TO BE ABLE TO COMPENSATE FOR GETTING SHORT SQUEEZED BECAUSE I HAVE SOMETHING INSIDE OF ME THAT JUST ABSOLUTELY CANNOT LET THESE BITCOINS GO!!!!!!!!! I CANNOT LOOSE THEM I MUST GET THEM BACK SOMEHOW SOMEWAY I MUST IF I HAVE TO TAKE OUT A LOAN I WILL DO WHAT I HAVE TO DO!!!!!!!!!!!!!!!!!!!!!!!!!
Your like a crack addict hitting the pipe one more time, your bound to lose it all eventually. you need to stop trading and go seek help
MichielVan_Kets
⋅
well, you didn't put in a stop loss ...
you can't win them all, you need to know ahead of taking the bet that you might be wrong, have to be willing to accept that;' you're just guessing, you might be wrong ... which is why you set a stop loss, so if it turns out you're wrong, you will lose some money, but just some, not a lot
it's important to be willing to take a small loss before it turns into a big loss ... that's where you went wrong, as soon as it went higher again, you should have taken the loss, instead of hanging on to it
I don't know what your limit is, but if you were to take some of the loss now, not all of it, just some, your limit should go up again, as long it's above 10k, you should be fine
MichielVan_Kets
⋅
@MichielVan Kets, close 10% of your position and look at your limit
jordanmorin13
⋅
@MichielVan Kets, i wouldnt set up a stop loss because i would rather wait for the correction when it finally comes setting a stop loss is a good way to buy in higher and then get dumped allllll the way back down
BitcoinBearSlayer
⋅
I don't think we will ever break $7,000 again. If we do, it will be a spike low lasting only minutes. Nothing I would bank on happening. Your best luck, in my opinion, is getting a retrace back down to $7,200 - $7,500 area next to the multi-year trend line and 20 week moving average. That is not even a guarantee. We may go to 10 to 12K before a major correction and there is no telling how deep it will even be. Sorry about your situation. Good luck.
jordanmorin13
⋅
@Kwa, i mean... there is almost a 100% chance of going below 7k again i would bet my life that we will at somepoint eventually nothing in history moves up in a straight line like this forever