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Topic: Did you make money from the falling bitcoin price yesterday - page 2. (Read 2508 times)

member
Activity: 70
Merit: 10
Think For Yourself Question Authority
It's been rough just to stay afloat with the drop in price! Does anyone feel or have knowledge of it going back up at all? It dose seem that the prices go up during the spring and summer.
legendary
Activity: 1162
Merit: 1001
Haven't seen that kind of drop in awhile but was able to nab a few coins when the bottom fell out to $160
hero member
Activity: 658
Merit: 500
I sure did. That was exciting. Grin

hey, but is it not the bitcoiners philosophy to use Bitcoin as currency only without any speculation?
Huh No, it is not. That sounds like a rather poorly conceived philosophy in any case, as a currency needs speculators to provide liquidity.

tell that to the hordes who sustain something else Smiley
you can find tons of post with "Bitcoin is not for speculation"

Anyone is free to do with Bitcoin what one pleases. Some try to use it as a currency, some hold it as an investment. I don't agree with the latter, but there's nothing I can do about it.
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
Yesterday was a huge day for traders, with many making a lot of money by going short on the bitcoin price and the leveraging to maximise their profits.

We saw a spike in trade volume on the Coinarch website.



Nope was playing the simulation but entered a bit too high
Now just waiting for 8 hours to clear and rebalance it again if the price doesn't go up too much from here.
legendary
Activity: 1470
Merit: 1004
I sure did. That was exciting. Grin

hey, but is it not the bitcoiners philosophy to use Bitcoin as currency only without any speculation?
Huh No, it is not. That sounds like a rather poorly conceived philosophy in any case, as a currency needs speculators to provide liquidity.

tell that to the hordes who sustain something else Smiley
you can find tons of post with "Bitcoin is not for speculation"
legendary
Activity: 4536
Merit: 3188
Vile Vixen and Miss Bitcointalk 2021-2023
I sure did. That was exciting. Grin

hey, but is it not the bitcoiners philosophy to use Bitcoin as currency only without any speculation?
Huh No, it is not. That sounds like a rather poorly conceived philosophy in any case, as a currency needs speculators to provide liquidity.
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
Yesterday was a huge day for traders, with many making a lot of money by going short on the bitcoin price and the leveraging to maximise their profits.

We saw a spike in trade volume on the Coinarch website.


Many may have made money shorting Bitcoin, but many made money (myself included) buying at the low prices and banking on a rise.

could be a dead cat bounce tho.  be careful btc hasn't stopped going down since the 1st quarter of 2014.  there were blips and signs of reversals, but still continued going down after.  

hero member
Activity: 658
Merit: 500
hey, but is it not the bitcoiners philosophy to use Bitcoin as currency only without any speculation? LOL

It's my philosophy at least. I didn't “win” money. All bitcoins I've bought are either in my wallet, or I already spent them on stuff online. I never change them back to fiat.
hero member
Activity: 504
Merit: 500
Yesterday was a huge day for traders, with many making a lot of money by going short on the bitcoin price and the leveraging to maximise their profits.

We saw a spike in trade volume on the Coinarch website.


Many may have made money shorting Bitcoin, but many made money (myself included) buying at the low prices and banking on a rise.
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
still holding fiat from btc sales  at +300.  also holding nubits.
sr. member
Activity: 404
Merit: 250
https://nxtforum.org/
i bought about 20btc , first time ever buying on the low, unless it drops again... Grin
hero member
Activity: 1395
Merit: 505
Happy to report YES. I bought more at $189.
member
Activity: 98
Merit: 10
still HOLD when i bought at $198

waiting a good price to sell it
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
No, I prefer to make much more when the Bitcoin price goes up.  Smiley
legendary
Activity: 1218
Merit: 1001
I did.  I don't leverage though.  Only 'bet' as much as I care to lose  Grin
legendary
Activity: 1470
Merit: 1004
hey, but is it not the bitcoiners philosophy to use Bitcoin as currency only without any speculation? LOL

it's so funny when I see so much hypocrisy.  Cheesy
newbie
Activity: 19
Merit: 0
Yesterday was a huge day for traders, with many making a lot of money by going short on the bitcoin price and the leveraging to maximise their profits.

We saw a spike in trade volume on the Coinarch website.





What exchanges allow shorting?
legendary
Activity: 1540
Merit: 1001
Crypto since 2014
Can someone please explain to me how this works? I want to know.
newbie
Activity: 57
Merit: 0
Yesterday was a huge day for traders, with many making a lot of money by going short on the bitcoin price and the leveraging to maximise their profits.

We saw a spike in trade volume on the Coinarch website.



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