RE: Did I Get Liquidated On My Short Position Against Bitcoin?
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Do you think that crypto will ever recover? I really hope so. I've been sitting on some satoshi's for a bit now and right now the price along with the potential drop to the $40K range makes me wonder if I should move a bit into a stable coin so I can buy back in at the right time.
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Yeah, i think Bitcoin will likely go to $160K at least by the end of 2029.
I accurately said multiple times last cycle that I was only banking on $120K Bitcoin and we went to $126K so that was a solid projection. Way better than the guys predicting $250K or $350K tops for last cycle.
I do feel like there will be continued distractions partially away from just Bitcoin which will limit it and while it seemed that for a minute people were excited for Lightning Network, Runes, Ordinals .... we aren't hearing as much about that. Lightning network transactions partially confuse people.
All that being said I can understand someone holding BTC and trying to put the blinders on and just keep stacking but also i understand wanting to stay in USDC for a bit for the lower entry.
For me personally I have to be more active currently and trade around in the trenches and take the risk of getting sidelined on a trade or having something pump and run away from me.
I get if someone doesn't need the money to just keep stacking and fight through the pain of the dips.