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Bitcoin trade on 13 September 2021
14 Sep 2021 (289 views)


I held a short position in Bitcoin at $44,250 on 13 Sept. It increased to $44,950 during the day giving me a loss of $3,500.

Around 9 pm, Bitcoin jumped to $46,950, increasing my loss to $13,500 USD.
I held on. I did not panic.

Suddenly, Bitcoin reversed and dropped sharply. I closed my short position at 9.30 pm at $44,500 realizing a loss of $1,250 USD.

A short while later, Bitcoin dropped another $1,000 to $43,500. I missed a potential gain of $5,000. Stupid leh.

The value of 1 contract changed $18,500 USD within 30 minutes. 

Bitcoin is highly volatile. Many people believe that the price is manipulated by big traders. 

Tan Kin Lian


Bitcoin trade on 13 September 2021
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I held a short position in Bitcoin at $44,250 on 13 Sept. It increased to $44,950 during the day giving me a loss of $3,500.

Around 9 pm, Bitcoin jumped to $46,950, increasing my loss to $13,500 USD.
I held on. I did not panic.

Suddenly, Bitcoin reversed and dropped sharply. I closed my short position at 9.30 pm at $44,500 realizing a loss of $1,250 USD.

A short while later, Bitcoin dropped another $1,000 to $43,500. I missed a potential gain of $5,000. Stupid leh.

The value of 1 contract changed $18,500 USD within 30 minutes. 

Bitcoin is highly volatile. Many people believe that the price is manipulated by big traders. 

Tan Kin Lian