Those who DCA into Bitcoin since it was at $15k, have almost doubled their return and shorter are getting Rekted
Those who DCA into Bitcoin since it was at $15k, have almost doubled their return and shorter are getting Rekted
After FTX and its native token FTT crashed late last year causing a huge dump in the crypto market, which dragged the price of Bitcoin price as low as $15k, causing a lot of fear, uncertainty, and doubt in the crypto space, a lot of people where scared and expected that the price of Bitcoin might fall even further below $15k, in fact, some shorters where calling for new lows below $10k but here we are today, those that have been buying Bitcoin since it was at $15k, have almost doubled their return as Bitcoin is currently trading above $27k again and bears or shorters are in disbelief and losing money.
The funny part is I feel the Bitcoin pump is just getting started and we will see it pump even higher but am not saying that the bull run is fully back but at least there is hope, it might take weeks, months, or years, but we will see another all-time high from Bitcoin and Altcoins, and for people that are still calling for new lows below $20k and $15k and also shorting Bitcoin because of the recent banking collapse era are truly brave and I must say it is not a wise idea though because the banking sector collapse is working in the favor of Bitcoin as Bitcoin has recovered from the dip caused by the banks collapse and even pumped higher than it was because people are moving their money from the banks and into Bitcoin.
In my opinion, holding Bitcoin long term remains the best strategy, and If you refuse to close that or those Bitcoin short positions open am afraid to tell you that you will likely get rekted beyond measure because Bitcoin is fired up and it is at $27k and this is the best time to hold and watch not short, although many people are still convinced that the current Bitcoin pump is just a Bull trap and it will still go down which at this point I strongly doubt but this is crypto and anything can happen, so let us watch and how it all plays out.
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