At 23k, I tried shorting #Bitcoin .
I got lucky when it dropped to ~20k.
But I didn't cover my short.
Because I was stupid.
I let greed take over.
I thought I would just wait till Bitcoin reaches new lows (below 16k).
I was completely gambling.
I didn't care about charts or technical analysis.
I was looking for dopamine.
This is how most people think.
This is why most people will be priced out of Bitcoin.
They think the price will drop so they'll buy a little bit lower.
They wait and wait.
And then when it drops, they think "This things going to 0."
So they don't buy.
Then the price reverses on them.
And it keeps going up.
And up.
And they price themselves out of owning what they could previously have owned.
Don't be stupid like I was.
Don't gamble with your future.
Long only, and take small profits if you need to.
While I did have a long position, I lost a decent chunk of money by shorting to squeeze just a little bit more profit to buy more #BTC long-term.
And that's ok because I learned my lesson.
Now, I just Dollar Cost Average and Chill while Studying Bitcoin.