BTC bear seems to love round milestones 1, 10, 100, 1000, 10 000, 100 000 USD

[JaanusRaim]

I bet that the moments BTC price achieved (first time) some great milestone 1 USD/BTC, 10 USD/BTC, 100 USD/BTC, 1000 USD/BTC, 10 000 USD/BTC and 100 000 USD/BTC were one of the worst moments for making BTC investment both in the short run and in the medium run. Every such new round number milestone seems to be just too big for digesting - it always takes some time.

Hypothesis 1: In the moments BTC price achieved 1 USD/BTC, 10 USD/BTC, 100 USD/BTC, 1000 USD/BTC, 10 000 USD/BTC and 100 000 USD/BTC the BTC short run investment (investment duration two months) returns were significantly below the average of the era.

Hypothesis 2: In the moments BTC price achieved 1 USD/BTC, 10 USD/BTC, 100 USD/BTC, 1000 USD/BTC, 10 000 USD/BTC and 100 000 USD/BTC the BTC medium run investment (investment duration two years) returns were significantly below the average of the era.

May-be the moment BTC achieves one million USD will be the best time for shorting it.

NB! Remember when BTC achieved 1 USD/BTC first time February 9, 2011 the first (two month long) bear market emerged (from February 17, 2011 to April 17, 2011 with the era low 0.58 USD/BTC from April 4, 2011) - probably the first time ever one had a chance to lose money with BTC investment.

[STT]

It matters and it doesn't, globally the currency used to buy Bitcoin wont just be US dollars.  I realize that is the dominant currency or global reserve main currency but the world is a big place and that is only one country.  We don't stand still, we're pricing the future ultimately not the legacy of ww2 FIAT etc.

  There are many perspectives, its psychological rather then actual resistance or special significance imo.   People will look up and say oh its into five figures now, thats big and maybe they sell some.  Ironically we can expect some selling on every 'event' number like this.  I also think it doesn't matter, the effects of these round or multiple zero numbers is just passing not lasting.

 There is no one single figure to price BTC and it has its own value, its not even FIAT at all.  I wouldn't weigh your value or even body weight with a bag of feathers, it would match so badly and be a silly exercise.  I kinda think this obsession with what is the dollar price when BTC is nothing to do with all that politics in its blockchain, to me its oil and water and will never fit right.
   Price is just a label, don't get too caught up with the number has to matter most of all; it doesn't.

[retaur]

Anecdotally you can't short with much leverage. You can 1-3x down though at most.

If you shorted bitcoin going over $10k iirc we hit $13k before falling and then for $100k we almost hit $130k before falling so there's drop risk at each psychological level.

Every new ath is typically shortable though, especially if a fall has already started/when the momentum starts to grow but then it becomes a question of when to stop shorting.