Good idea to short here. - page 2. | Bitcointalksearch.org

InvoKing

legendary

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Quote from: walkingstiff on December 05, 2017, 02:14:22 PM

I'm not a professional but looking at the charts especially long term charts, it looks like we're due for a huge correction. My bet is we will see a sharp drop to $5k-$6k, just not sure if the whales will push it a few thousand higher before having their positions ready?

I just can't imagine why anyone would want to buy at this price.

People asked why should we buy at $500? Then the price passed $1000. Then they asked why should we buy at $1500 then it passed $2000. No we shouldn't buy at $3000, and the bitcoin price passed $5k. Then, no way to break $10k and here are we +$11k.
Until now, I just can't imagine why anyone wouldn't buy at this price.

proudhon

legendary

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Quote from: walkingstiff on December 05, 2017, 02:14:22 PM

I'm not a professional but looking at the charts especially long term charts, it looks like we're due for a huge correction. My bet is we will see a sharp drop to $5k-$6k, just not sure if the whales will push it a few thousand higher before having their positions ready?

As I've been saying repeatedly, we are very clearly at the top (more or less). Shorting here is a fantastic idea, and you can likely earn immense profits as the price travels asymptotically to zero over the next few years. Bitcoin is quite obviously done for.

walkingstiff

newbie

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I'm not a professional but looking at the charts especially long term charts, it looks like we're due for a huge correction. My bet is we will see a sharp drop to $5k-$6k, just not sure if the whales will push it a few thousand higher before having their positions ready?

I just can't imagine why anyone would want to buy at this price.

Topic: Good idea to short here. - page 2. (Read 567 times)