Pages:
Author

Topic: Anybody net short bitcoin? (Read 1783 times)

member
Activity: 86
Merit: 10
July 27, 2014, 01:38:58 AM
#27
You'd think it would be easier to get laid in this forum with all the pussy here  Undecided Sad
LOL. There is none of that here except for that Jenna chick who is in college.

I agree that you are generally not going to profit by shorting bitcoin
sr. member
Activity: 364
Merit: 253
July 27, 2014, 01:21:46 AM
#26
Short will create a disruption. You would see troubled merchants because of that. Grin
full member
Activity: 169
Merit: 100
July 27, 2014, 01:19:55 AM
#25
There wouldn't really be a market if everyone had the same opinion now would it?

Right. If everyone is bull, there won't be seller and the price will go up the roof and vice versa.
mkc
hero member
Activity: 517
Merit: 501
July 27, 2014, 01:12:41 AM
#24
Maybe wait the fall, then borrow money and buy bitcoin, then wait the recover? Its way easier borrow fiat than bitcoin, as far I know.

Thanks for your good advice. All I think is this year will go down, just to shake out the inpatients. I don't know about longer term. Long term maybe up huge or go to zero.
hero member
Activity: 767
Merit: 532
July 26, 2014, 09:31:13 AM
#23
There wouldn't really be a market if everyone had the same opinion now would it?
hero member
Activity: 616
Merit: 500
July 26, 2014, 09:14:35 AM
#22
Maybe wait the fall, then borrow money and buy bitcoin, then wait the recover? Its way easier borrow fiat than bitcoin, as far I know.

Or do you think we'll see no recover?


Borrow bitcoin betting on fall is a ball of titanium move due to the history of big bitcoin price jumps, and because the interests on bitcoins are quite big.
member
Activity: 152
Merit: 10
https://eloncity.io/
July 26, 2014, 07:49:05 AM
#21
You'd think it would be easier to get laid in this forum with all the pussy here  Undecided Sad
legendary
Activity: 1176
Merit: 1010
Borsche
July 26, 2014, 05:12:33 AM
#20
The more people accept USD, the more zimbabwean dollars I will buy! Because I am contrarian! Smiley

but no, really, good luck shorting bitcoin. you may even profit if you reverse to long in a timely manner. unfortunately, I don't think it will happen and you will lose all, but you will get a lesson out of it! (NEVER SHORT BITCOIN <- that one).
legendary
Activity: 1162
Merit: 1004
July 26, 2014, 03:23:37 AM
#19
The more people believes in bitcoin, the more I want to short.

The more people believed in Apple, the more you did want to short?
Good luck.
sr. member
Activity: 371
Merit: 250
July 26, 2014, 03:19:46 AM
#18
The more people believes in bitcoin, the more I want to short.

Ah, now I understand. Even though I personally loathe the word 'troll' it does sum up faggot bitches like you.
sr. member
Activity: 293
Merit: 250
July 26, 2014, 03:17:36 AM
#17
I don't know if it is a good idea to borrow BTC .... how will you pay your debt if the price goes up?

As long as it doesn't go too fast, then it's just standard losses much like going long when the price goes down. However, in the event that it moves too fast, it means forced liquidation and possible total loss with a slight possibility of owing some amount back to BFX (how they collect on such a thing is beyond me)

Edit: I was short until this last spike down. I covered at $590 and plan to short again after a small retrace. This assuming everything remains on schedule Wink
I'd like to close my short and wait for a retrace but... that flash crash could happen at any moment, so I'm not taking my chances.
mkc
hero member
Activity: 517
Merit: 501
July 26, 2014, 02:36:01 AM
#16
The more people believes in bitcoin, the more I want to short.
member
Activity: 108
Merit: 10
July 26, 2014, 02:35:25 AM
#15
I think bitcoin will go to below $200.

I don't think so. Maybe 200-250 USD, and it will be the new 2 USD.
legendary
Activity: 1008
Merit: 1000
Making money since I was in the womb! @emc2whale
legendary
Activity: 1008
Merit: 1000
Making money since I was in the womb! @emc2whale
sr. member
Activity: 364
Merit: 250
July 26, 2014, 02:13:38 AM
#12
Bitfinex allows short positions in bitcoin but I don't think many people have short positions. Q
full member
Activity: 343
Merit: 100
July 26, 2014, 02:11:37 AM
#11
A good time to short bitcoin when everyone is focusing their attention on Ethereum.
hero member
Activity: 715
Merit: 500
July 26, 2014, 02:08:10 AM
#10
No.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
July 26, 2014, 02:02:36 AM
#9
My experience with shorting Bitcoin is to profit handsomely, at the expense of the shorts from their failed bear raids on Bitcoin. I am talking of course about pirateat40 who in late 2011 and 2012 built a massive BTC short position that had the effect of depressing prices, keeping prices in the 2 USD per BTC to 10 USD per BTC. Those of us who bought at those prices and took delivery of our BTC are now sitting on very substantial profits. When pirateat40's massive short pyramid collapsed the BTC / USD rate rose sharply in 2013 taking out a few other shorts in the process including I suspect MTGox. Taking delivery is by the way the most effective way to squeeze the shorts to the wall and increase the profitability of the longs.  

So I say go ahead and short, there are those of us ready to profit from taking the long position even if the shorts manage to temporarily drop the price to 200 USD.  Wink  If you do go ahead and short BTC there is a good chance you may need the services of a bankruptcy trustee.

This should not be considered financial advice.  
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
July 26, 2014, 02:00:44 AM
#8
I don't know if it is a good idea to borrow BTC .... how will you pay your debt if the price goes up?

As long as it doesn't go too fast, then it's just standard losses much like going long when the price goes down. However, in the event that it moves too fast, it means forced liquidation and possible total loss with a slight possibility of owing some amount back to BFX (how they collect on such a thing is beyond me)

Edit: I was short until this last spike down. I covered at $590 and plan to short again after a small retrace. This assuming everything remains on schedule Wink
Pages:
Jump to: