Topic: I am serious, if you want to make a ton of money, buy short options/futures (Read 247 times)

I do not believe any predictions and do not listen to different tips on buying or selling bitcoin . I look at the chart and I think what to do .

You are very confused my friend. You want to smack talk the technology that wants to replace the Banks you hate.   

A good Troll will not make contradicting statements like this, so you need to get your act together if you want to destroy

Bitcoin or people's believe in this technology. 

It's just to show that everyone is now self acclaimed expert in giving call orders and predicting price movements. Funny enough that some newbies would have got into such calls before realizing they are in a big mess.

usually nothing.
most of the times those who are making advice like OP are trolling others for the kicks. and sometimes they hear something about FUD and think they can replicate the results if they start multiple low quality dumb topics on bitcointalk encouraging people to go against the market.
as a rule whenever some random dude on the internet gives you financial advice you should run away like your life depended on it

I wounder how much these people care and know about the market. They become adviser after seeing some YouTube videos. I don't care if the bitcoin price drops down to $1k or bounce back to over $19k. End of the day, it's bitcoin and I will keep buying whenever I will have spear fiat.

Why I see more and more people on the forum who can’t even imagine how the crypto world works and constantly panic when the bear market comes. Guy why do you impose your opinion on other people From this, even more people are starting to leave cryptography.

they are not going bankrupt. they are preparing for the late december batch delivery of next gen asics.
they just dont want to shoot themselves in the foot too early by pushing up hash/difficulty too soon. as it would just leave them limping for a year.

instead they are very well calculated. they have planned out the next 12 months already.
its only small hobbyiests that are crying

hashrate hit 32exa
using my calculations of mining costs. which are between a 104-117 multiple of exa(to make it easy calculation)
3328-3744 respectively shows mining is still majority profitable
as those with higher costs would have already been receiving income for a bit to have less to pay out
EG
if you bought an asic 6 months ago you have already received enough income after electric costs to cover hardware. so all thats left now is electric

i did not alter the 117 down to account for now just electric cost mining as i prefer to leave things as the cheapest cost and most expensive costs to have the range. but doing math on the ones which are older batches. they are doing better (cheaper) mining than 3744 costs because now they are only paying electric.
in short there are not many at the 3744 worse case costs but alot at the bottom end(profitable)

so those that have been mining for 6 months+ can use that hardware allotment they have paid off by now to buy the next batch.. and so they are just waiting for delivery. while not wanting to put too much pressure on the hashrate right now to shoot self in foot before delivery.

what you dont realise is that those smart miners are OTC contract trading a year in advance. when its not profitable to mine to get btc because the price is low.. it means the price is low so cheaper to buy it.

they get steady contracted in OTC funds to effectively manage the cheapest way to accumulate coin for the otc partner so that the otc partner doesnt need to do the hard work of physically buying equipment or flipping to buying from markets. they just sit back and receive the best rate coin OTC for their fiat

I believe many miners have been doing that already for months, which is why their was a $6000 floor for months.
Now those miners have lost their reserves and are declaring bankruptcy or just closing down.

I don't believe we really have a price floor at the moment.
Next support price is $1500 and that may not even hold.
No Miners , No BTC
51% attack becomes a greater possibility by a disenchanted player with every difficulty drop.

The pretense that miners have unlimited funds to buy btc at these still overinflated prices is nothing but pretense.
 

amen brother feel the same! alot of the shitcoins will go away but some of the coins actualy have something good going on, they have to be a higher price someday.

Chances of making money is very high when you invest in such coins and that too when the market at present is low. So this means that you can buy tons of qty if you have money and hold it till you get your price or sell it when market moves upwards a bit and you make up easy money before this year.

screaming to short a month after the price dips is too late. thats like telling a gambler to bet on a horse coming last after the race has started. the odds get worse the later you leave it to make a bet

the market dynamics are about to flip to where its cheaper to buy direct than to mine it. so there is going to be market pressure to buy instead of mine it. thus push the price up

its the old saying
when someone informs you to sell. its because the informer already has.. and now want others to follow so that the informer can buy in cheap.

selling at a loss so a informer can buy in cheap means the loser is the follower, not the informer.
the informer is not doing the followers any favour

better advice dont short hoping and waiting for large % and hold out for a period. if anything if you are going to short. do it for small % on small time scales and repeat. as quick as you can. dont short hoping for 10-100% shorts over a 2-12 month contract.

instead take 1% as quick as you can(daily or sooner) and repeat, you will if the market remains shorting end up with more than 10-100% in 2-12 months. without the risks
then if the market stops dipping. you have no risk and just stop shorting and go long.

shorting is always riskier. a quick search about how many people lost millions of dollars because they idiotically tried shorting bitcoin shows you how bad a decision that is. in other words you are inviting newbies to lose money.
those who know how to successfully do it, are already doing it and crashing the market. newbies entering are not going to change anything about the price but will only empty their pockets!

and if anything you will make a lot more money shorting altcoins than shorting bitcoin since if for example bitcoin drops 10% the altcoins will drop 20% as it has been evident from the market so far in the past 10 years.

i thought i give some good advise to someone, the support loss gives a lot of opportunity to earn money.

this is actually one of the main reasons why there is dozens of newbie accounts and some of the old known troll accounts are spamming the forum these days talking about how bitcoin is dead, dropping to $1, and things like that
they enter a market they don't know anything about and choose a trading strategy that they also have no experience about and then as they don't meet their dreams and lose money they succumb to spamming the forum so that maybe their luck changes...

I think that you need to invest in coins with potential like btc and such as neo or dash. i will sell them later and become rich because their price is going to become much higher

bitcoins support is fading away. the problem is how this cryptoindustry would work with its corrupt indexation system, it would create basically a global slavery based on that cryptoindex coinmarketcap,

and the people worldwide are starting to resist it/dropping this cementation, that these coders from this forum made. thats whats going on its not a bear/bull trash, its that as i explained.

but nevertheless as bitcoin crushes, the issues remain, people world wide will realise that they life in a global communist prison, buy their national banks.

so buy short option futures, bitcoin is losing support, and drops towards 1k