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Topic: Has the Tide Shifted? - page 2. (Read 446 times)

legendary
Activity: 2632
Merit: 1023
December 29, 2017, 07:08:35 PM
#10
no its more how do you short BTC.....because you can't forward 100% sell without already taking physical delivery or risk being reneged on. A few legacy trading houses are going to find this out....the hard way.
full member
Activity: 266
Merit: 110
December 29, 2017, 02:55:36 PM
#9
Well anyone that's great at timing the market could have made a lot of profit by shorting it from $19K to $12K easily.
Of course everyone's trading timeframe is different it all depends on your own strategy.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
December 29, 2017, 01:29:44 PM
#8
And isn't this thread just one of the FUDs that happened to belittle an opposite idealism? Look at how irony works lol. Whatever works on a certain person should be the one he/she follows to make a profit since not a single strategy works for all. I've been shorting and holding bitcoin for years now and I don't even have a mixed opinion about the two strategies since it works for me. Those who held long still are in profit, and those who tried to short during rises end up being burned. It's a case by case basis; certain strategies work on certain events so you better act/trade accordingly in order to not get burned.

legendary
Activity: 3122
Merit: 2178
Playgram - The Telegram Casino
December 29, 2017, 12:55:56 PM
#7
It's always been said "Never short Bitcoins"

That's been the lingo up until now and it holds true. People shorting Bitcoins often got hurt.

However will the tide shift now? It seems like Bitcoin will form a pyramid shape with $20,000 being it's apex.

Will there be a new lingo of "Never go long on Bitcoins"?

A big sign of Bitcon's demise: Bulltards making many reverse FUD threads with multiple accounts.

The problem with shorting Bitcoin is that you might be right about the current market trend, but still get hit by a margin call due to short term volatility. Bitcoin is that unpredictable, especially during times when shorting becomes most attractive.

While I get the overall bear sentiment -- after all the market has grown a lot and growth can't be sustained indefinitely -- I don't quite get why you assume that Bitcoin will be "a pyramid shape with $20,000 being its apex". Do you expect people to simply go home and abandon Bitcoin, until it breaks down to zero and is only mined on CPUs again in 10 years time? Markets are cyclical, why do you expect Bitcoin to behave differently?
legendary
Activity: 2128
Merit: 1293
There is trouble abrewing
December 29, 2017, 09:34:37 AM
#6
It's always been said "Never short Bitcoins"
saying "Never short" is like saying "Always HODL" bitcoin. neither are good suggestions. different times need different strategies and each time you should never go overboard with either of them.

Quote
That's been the lingo up until now and it holds true. People shorting Bitcoins often got hurt.
that is a wrong statement.
people who don't understand the market will always get hurt.
for example if you started shorting bitcoin when it reached $19600 and the fall began you could have made a lot of money. but if you start shorting bitcoin now you will be kidding yourself!

Quote
However will the tide shift now? It seems like Bitcoin will form a pyramid shape with $20,000 being it's apex.
i don't see any reason nor any indication of any tide changing.
legendary
Activity: 3038
Merit: 1169
December 29, 2017, 08:14:45 AM
#5
Who is saying that?You are free to shoose whatever trading strategy you want.
Shorting will become more and more profitble and more traders will short.I don`t believe that bitcoins massive growth will continue during the next year.There will be high volatility,a few big price crashes and maybe some peak at around 21000 USD during the summer.


Yup! Bitcoin is volatile that we can never say for sure, There can be a resistance or a bullish trend next year anything is possible with bitcoin let's just hope it can be positive for all of us, But that is not a fact to happen because there will be a short end that someone will gain and even losses that one can acquire but again even if bitcoin have a dip, crash, or resistance there will be a time that it can get back up to its bullish state.
full member
Activity: 266
Merit: 222
Deb Rah Von Doom
December 29, 2017, 06:19:27 AM
#4
The best case in shorting you make a 50%-90% profit. Big deal. It's not worth the massive risk. If you're that bearish on Bitcoin just go to a different market or buy an alt or ripple and possibly make 500% profit instead of 50%, with much less risk

During bitcoin bear markets, liqudiity is being removed and there is less volume and less volatility so it is harder to get into and out of your trades even if they are short. It's also the time when exchanges start glitching, getting shit down, and getting hacked. It's really just the time to leave the market and trade something else.

I think it was one of those big shot banking guys that said they wouldnt short Bitcoin even though they hated it and it was going down.
hero member
Activity: 3164
Merit: 937
December 29, 2017, 06:17:00 AM
#3
Who is saying that?You are free to shoose whatever trading strategy you want.
Shorting will become more and more profitble and more traders will short.I don`t believe that bitcoins massive growth will continue during the next year.There will be high volatility,a few big price crashes and maybe some peak at around 21000 USD during the summer.
full member
Activity: 266
Merit: 222
Deb Rah Von Doom
December 29, 2017, 06:13:14 AM
#2
It's always been said "Never short Bitcoins"

That's been the lingo up until now and it holds true. People shorting Bitcoins often got hurt.

However will the tide shift now? It seems like Bitcoin will form a pyramid shape with $20,000 being it's apex.

Will there be a new lingo of "Never go long on Bitcoins"?

A big sign of Bitcon's demise: Bulltards making many reverse FUD threads with multiple accounts.
I will never go short on Bitcoin, and will rarely go short on anything, ever. It's either go long or find a different market. Shorting is a stupid class of trade - finite gains, infinite losses, and you have to borrow money and hold it on a third party exchange.

Scenario 1: You go short on bitcoin and your trade is doing great. Bitcoin is tanking and you are up 50%. But the exchange gets hacked and you lost all your money even though you were right.

Scenario 2: You go short on bitcoin and the exchange shuts down for weeks. During this time bitcoin rallies 500%. The exchange reopens and you owe the exchange 500% of your investment.
sr. member
Activity: 433
Merit: 251
December 29, 2017, 05:48:53 AM
#1
It's always been said "Never short Bitcoins"

That's been the lingo up until now and it holds true. People shorting Bitcoins often got hurt.

However will the tide shift now? It seems like Bitcoin will form a pyramid shape with $20,000 being it's apex.

Will there be a new lingo of "Never go long on Bitcoins"?

A big sign of Bitcon's demise: Bulltards making many reverse FUD threads with multiple accounts.
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