Anyone who can bet $300,000 to $500,000 on a short probably has enough money to cover it.
Its still probably a big loss, but I'm assuming this person probably has made millions off Bitcoin already.
Personally I would never take a short against Bitcoin right now. Things have so crazy lately. The price seems to be going up with no signs of stopping.
(Although a slight drop in price could be just as likely, I guess.)
Topic: Guy loses 240-600 BTC trying to short - page 5. (Read 3735 times)
Why would anyone want to short when it is obvious that it is going to up from the beginning of the year? 
That is a no brainer because that's what it does every year then it goes down in February or mid-month here after.
Come on now, some people especially when trading volume so high should use their brains.
That is a no brainer because that's what it does every year then it goes down in February or mid-month here after.
Come on now, some people especially when trading volume so high should use their brains.
Shorters will never learn... they are money addicts, pretty much just like gamblers, they can never stop and always want more. So they make money on the way up by buying cheaper, and instead of enjoying it, they automatically start getting into shorter mentality and expect a correction, and this correction not always happens. Bitcoin is going higher and all the 1000 dollar shorters are becoming broke right now.
Maybe He will die soon because there was not anything to cover back 600btc.
He must sell his cars or house to recover his bitcoins lost. Let's pray for him.
He must sell his cars or house to recover his bitcoins lost. Let's pray for him.
Why would anyone want to short when it is obvious that it is going to up from the beginning of the year?
That is a no brainer because that's what it does every year then it goes down in February or mid-month here after.
Come on now, some people especially when trading volume so high should use their brains.
That is a no brainer because that's what it does every year then it goes down in February or mid-month here after.
Come on now, some people especially when trading volume so high should use their brains.
he isn't someone that fud around after shorting, is he?
that's the thing about trying to be a smart ass when they can't handle when to short and when to buy. I'm not that good at it wither but i'm buying whenever the price goes down.
that's the thing about trying to be a smart ass when they can't handle when to short and when to buy. I'm not that good at it wither but i'm buying whenever the price goes down.
For the bitcoin, it is better not to short.
What does 'shorting' mean?
An action of selling or trading shares with an expectation of the price will go down over time and can rebuy at a lower price to gain profit.
Code:
A short, or short position, is a directional trading or investment strategy where the investor sells shares of
borrowed stock in the open market. The expectation of the investor is that the price of the stock will decrease
over time.
Read more: Short (or Short Position) Definition | Investopedia http://www.investopedia.com/terms/s/short.asp#ixzz4UcU6i1bq
What I find interesting is that some people refer to shorting to not only selling and expecting to buy back cheaper, but doing so with leverage. As in shorting implies leverage (which means they are losing more money than the difference between the selling point and the new higher price after selling). You can end up in debt even.
I think most people reefer to that when they talk about shorting, which is why it's so dangerous, you can go bankrupt if you screw it up. A lot of people were aiming to short the market at 1k expecting a drop and now they are losing their shit, look at the graph.. it's 1030 already and climbing.
he isn't someone that fud around after shorting, is he?
that's the thing about trying to be a smart ass when they can't handle when to short and when to buy. I'm not that good at it wither but i'm buying whenever the price goes down.
that's the thing about trying to be a smart ass when they can't handle when to short and when to buy. I'm not that good at it wither but i'm buying whenever the price goes down.
What does 'shorting' mean?
An action of selling or trading shares with an expectation of the price will go down over time and can rebuy at a lower price to gain profit.
Code:
A short, or short position, is a directional trading or investment strategy where the investor sells shares of
borrowed stock in the open market. The expectation of the investor is that the price of the stock will decrease
over time.
Read more: Short (or Short Position) Definition | Investopedia http://www.investopedia.com/terms/s/short.asp#ixzz4UcU6i1bq
What does 'shorting' mean?
https://twitter.com/whalecalls/status/815598251319640064
I tried to warm my friends on IRC about the dangers of shorting, but they wouldn't listen.. they think they can time the market, when this is impossible, you can only look forward to trying to predict the fundamentals, and the fundamentals are clearly telling us to buy and hold long term. People that bought every dip instead of trying to be the smartass that tries to short has made massive gains this year.
Quote
Okcoin $BTCUSD Quarterly futures has liquidated a short position of 47857 contract at 1,065.58 - 2017-01-02 00:38:56
I tried to warm my friends on IRC about the dangers of shorting, but they wouldn't listen.. they think they can time the market, when this is impossible, you can only look forward to trying to predict the fundamentals, and the fundamentals are clearly telling us to buy and hold long term. People that bought every dip instead of trying to be the smartass that tries to short has made massive gains this year.
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