Pages:
Author

Topic: BEAR MARKET STARTED - BTC is overheated. I OPENED SHORT postition - page 4. (Read 8513 times)

sr. member
Activity: 252
Merit: 250
FYI:

Opened short at 758-760 USD.
You have strong balls dude! Smiley Good luck to you and your short!
ask
legendary
Activity: 1386
Merit: 1004
FYI:

Opened short at 758-760 USD.
hero member
Activity: 728
Merit: 500
Shorting is always bad.  You should trade altcoins instead and get much bigger reward with less risk.
sr. member
Activity: 322
Merit: 250
The OP is a troll. Never listen to him.
hero member
Activity: 658
Merit: 503
Bear with me
It will go below 350 $.

Soon.
That one is arguably the most fun. Went from 450$ straight to 780$. Cheesy
legendary
Activity: 2338
Merit: 1035
OP was damn right.

LMAO



When I opened first short I honestly expected drop to 660. Then when I saw that panic has gone, expected another spike down.

Luckily it happened as I expected.

You edited this post, LOL. It initially said that he expected the price to go up after panic had gone. (AFTER the price had gone up too)




ask
legendary
Activity: 1386
Merit: 1004
OP was damn right.
legendary
Activity: 3122
Merit: 1140
What's funny is this thread was created at a price still below the current price.

OP must be scratching his head right now. He shorted at the wrong time. I just hope he got out of his short when the price dipped last time due to bad rumors.

He definitely scratching  his   head right  now   this thread  been  created  last month where  the  bitcoins price  is still  low . As we can see on the   bitcoins price it indeed  increase  up to $740+ and  now  it dipped backed  to $700 and  somehow stabilizing  as  of  this  moment.  Patience  would  somehow  make a big role regarding  on trading  because   it would really pays  you off  .
legendary
Activity: 2898
Merit: 1823
Rule number one. Hodl

Generally that is sound advice. Any dips in price should be viewed as an opportunity to buy more. I know this sounds funny when you give this same advice for altcoins. With Bitcoin it is not. There is already a market where value transfer is needed and there are more markets out there that have yet to be discovered.
hero member
Activity: 1148
Merit: 504
What's funny is this thread was created at a price still below the current price.

OP must be scratching his head right now. He shorted at the wrong time. I just hope he got out of his short when the price dipped last time due to bad rumors.
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
I am actually also not very bullish for the short-term.  We went up fast and hit resistance.  Some consolidation (we might not drop a lot though) is in order before we go to Mars.

Geez, we have gone up like $70 over 11 days. That's not "going up too fast"
You acting like a little girl now.
You were saying?
Edit: btw, I bought back in again, even though this correction might go lower, the upside potential is too big to take the risk.
hero member
Activity: 728
Merit: 500
What's funny is this thread was created at a price still below the current price.
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
so, you closed your long at 740....you short again? I am, but feeling like maybe its not worth the risk right now
I actually shorted pair ETH/USD.  Why?  Because I expect BTC to move up and ETH down.
Then you should short ETH/BTC
ask
legendary
Activity: 1386
Merit: 1004
so, you closed your long at 740....you short again? I am, but feeling like maybe its not worth the risk right now
I actually shorted pair ETH/USD.  Why?  Because I expect BTC to move up and ETH down.
hero member
Activity: 700
Merit: 500
The price will crash after a huge spike fomo buy-in followed by a double top, this is not the buying spree yet...
How can we say this is not the buying spree when we are aready in the ember month.
This is the time that people use to buy lots of bitcoin not ony for trading to make profit but also to make purchases for the end of year festivals and celebrations, this usually increases the demand for bitcoin and consequently its price.
member
Activity: 106
Merit: 10
so, you closed your long at 740....you short again? I am, but feeling like maybe its not worth the risk right now
ask
legendary
Activity: 1386
Merit: 1004
Hi kids. I was out of internet in the mountains.

In the meantime my orders worked fine for me. Everything worked by the book. So:

    Hi kids. I was out of internet in the mountains.

    In the meantime my orders worked fine for me. Everything worked by the book. So:

    • short position opened ~ $720 was closed at ~ $690
    • long opened at ~ $685 was closed at ~ $740

    So let's say around $80 per bitcoin in green. Leveraged Smiley

    Thank you all.








    The time line does make this move quite possible. I just find it odd to short expecting just a 5% correction.
    • short position opened ~ $720 was closed at ~ $690
    • long opened at ~ $685 was closed at ~ $740

    So let's say around $80 per bitcoin in green. Leveraged Smiley

    Thank you all.








    The time line does make this move quite possible. I just find it odd to short expecting just a 5% correction.

    When I opened first short I honestly expected drop to 660. Then when I saw that panic has gone, expected another spike down.

    Luckily it happened as I expected.
    legendary
    Activity: 1722
    Merit: 1000
    Hi kids. I was out of internet in the mountains.

    In the meantime my orders worked fine for me. Everything worked by the book. So:

    • short position opened ~ $720 was closed at ~ $690
    • long opened at ~ $685 was closed at ~ $740

    So let's say around $80 per bitcoin in green. Leveraged Smiley

    Thank you all.








    The time line does make this move quite possible. I just find it odd to short expecting just a 5% correction.
    hero member
    Activity: 728
    Merit: 500
    Maybe someday I'll share my trades from 2013 where I repeatedly sold and releveraged during the rally from $140 to $1200, making a total profit of 3000%.
    legendary
    Activity: 1512
    Merit: 1000
    Hi kids. I was out of internet in the mountains.

    In the meantime my orders worked fine for me. Everything worked by the book. So:

    • short position opened ~ $720 was closed at ~ $690
    • long opened at ~ $685 was closed at ~ $740

    So let's say around $80 per bitcoin in green. Leveraged Smiley

    Thank you all.


    Some day you might want to actually prove your claims.
    Pages:
    Jump to: