Did you short on Bitmex a few days ago?

[coingecko]

Rekt

Its the only word i can think of for those who opened a short position and did not close it before the price started going up yesterday.
To all Bitmex traders out there, what's your outlook and position going to be for the next one week?
Currently Bitcoin price seems to be growing strong and steadily, are you switching to long position?

Bitcoin price: $4,926
24h Low / 24h High: $4,180.30 / $5,037.31
24h Vol: $26,938,633,380
Market Cap: $86,230,373,737

https://www.coingecko.com/en/coins/bitcoin

[fullhdpixel]

Well, as I have always been saying since the beginning of this year, this is the year we are going to see a great bull run in the price of Bitcoin and other cryptocurrency that has great potentials in the market

Though I don't think we are going to see much growth next week because the price of Bitcoin is going to move between $4000 - $4700, this will be a very good thing for short term traders because it's possible to make a lot of profit from swinging between Bitcoin and usdt.

[Zadicar]

Even if you do short as of this moment then its a guaranteed profit.Just try to look on the current price of bitcoin either you swing trade you would still gain.
Unbelievable movement of BTC in a short span of time, its way too shaky or volatile in past 2-4 days.

[mrdeposit]

Though I don't think we are going to see much growth next week because the price of Bitcoin is going to move between $4000 - $4700, this will be a very good thing for short term traders because it's possible to make a lot of profit from swinging between Bitcoin and usdt.

Actually, it is possible to have any kind of movement in the crypto market. But I also think a little recession can continue in the future. A little decrease like $4400. With the hope of nonstop increase.

[Bitcoin_Arena]

As soon as I saw BTC get to 4100 - 4200, I knew it was just a matter of time before it could surge to 4900 - 5000.
I took profits at 4920. Re bought at 4700 and have been taking small profits since then, because of the thought that it could deep a lit bit before surging past 5K

[alisafidel58]

Some did come short because the hike started in Asia most of the people in Asia profited from this event while the western people were sleeping or just woke up.

I did come short just a few dollars but eventually gain profit the next few days upon the pullback from $4,700 to $5,300.

[Kemarit]

I didn't short on Bitmex. To be honest, I wasn't able to react that fast though, remember I was just posting some update on Bakkt (https://bitcointalk.org/index.php?topic=5127105.msg50418041#msg50418041) that time and then boom the prices goes on a sudden spike. And then the next day I just watched how the price made another rally again, FOMO setting in and that's in. I would rather HODL and just wait till the price goes on another 5 digit again and then we will see if it's time to book some profits or not. But it's a good thing for those who have short in the last couple of days, good job for you if you did earn in this rally.

[Moiyah]

I did a short entry on bitmex last week and guess what? I gained 10% profits from my first short entry and 20% profits from my second entry from $5,600-5,100.  I must say, with the help of indicators   I can only trust my own TA. Some said hodling will benefit you, but I am a day trader and it will be better if I trade daily than to hodl for long term.

[Genemind]

I didn't short at Bitmex but lucky are those who gained a good profit these days. That's the good thing about taking advantage of every market situation. Bitcoin is unpredictable and we can't say that it could rise higher or could drop down anytime but during this time, day trading would really work.

[Haunebu]

Some said hodling will benefit you, but I am a day trader and it will be better if I trade daily than to hodl for long term.

Not necessarily. You could just as well lose all your profits within the next couple of days since you cannot profit every single time which is why both day trading and HODLING have their own set of advantages and disadvantages and it comes down to a matter of preference.

As a HODLER myself, I have earned decent profits over the long term and lost money day trading in the short term.

[Ailmand]

I didn't because I focus on gaining profits through a long term hodl. I believe that Bitcoin hasn't reached the best value yet so I would prefer to hold. The changes in the prices are just indications that Bitcoin is actively soaring high and going better. Whether it's day trading or a long term investment, both would be profitable depending on our choice of strategy.

[emmybd]

I didn't short, as i wasn't sure about the situation. There is possibility that the price would increase in the coming days, but i don't expect it would drop deep in the present situation.