Topic: I am short... (Read 4778 times)

I already did yesterday in anticipation of today but your thread got deleted 

you are right.it is suitable for not volatile times of bitcoin. for getting the advantages of a big run you can use another market . Buy wait and sell 20 percent higher. or sth. like that.

Now it your chance OP, but we will probably see high 260's in a week

Strategy should work in volatile markets, and bitcoin is definitely volatile.
However, if there is a big bull run, you will not get the full benefit.

my strategy is having my money into two parts.one half is for having btc , one is staying in cash.if it raises 1 per cent , i sell 10 percent if 2 per cent , sell another 10 per cent and so on. if it drops 2 per cent , i buy 10 percent , if 4 per cent , buy another 10 percent and goes on. you could use this or sth like this.

I am unable to cut loses. Everytime I sell Bitcoin I honestly feel like an idiot. The only logical strategy with Bitcoin for me is simply buying and holding monthly, acquiring more BTC monthly, no matter if its a little bit or an entire Bitcoin, just buy and hold.

No it's not gone anywhere.
Litecoin's price also increased recently to $8 from around $4 and then came back to $4 in just a few days.
So when pumps happen then dumps also happen after that.

well I sold off at $260 mate so I think I'm the shortest here but I'm building my stash back up and hoping for the best

i think it is safe to say that you should first learn to how to take risks and cut losses and then enter bitcoin trading market. because otherwise you are going to lose all your investment and get depressed over it

If you go way long at this point. Now is not the point to short bitcoin or litecoin, things are destined to take off and you should be mindful of that. If you did this 6 months ago, you'd win easy but now it's all long.

You can get back those and even with some profit too.

You've had several opportunities now to get your ass back in the game and hold. Hope you learned the lesson: You can't outsmart the sharks and whales, so buy and hold long term, sell when you have a decent profit and think it will go down to buy back.

Emotions and trading and investing go real bad together. It is effectively a guarantee that you will lose money because you decisions are dictated by your emotions.

The past is always a history for a reason.

Its the learn from it right, so regardless of the up and down volume you can always expect nothing more to go up based on VC`s money already thrown more then $100 mill into bitcoin companies.

That alone says something, if not then I dont know what to say.

Having a target per day is unreasonable, trading is not work. If market God decides that market won't move today. You make no money

I`d hold.

Its at 295 now, and I rarely check prices. I probably check em every 1 time out of the whole week which is every monday.

But, its based on where this volume dump is coming from.. obviously im in a different approach with bitcoin.

if you want to follow a day-trading type pattern, you can try and ride the high and lows for quick profit; however, this is obviously risky.

I've seen the film before. This is the part with very low volume sideways to up movement for several days followed by the next high volume dump.

What are you doing here still then? Go short and forget about bitcoin if you are so sure like you say.. The tech is not old, it is actually still brand new..

Really? I sleep like a baby with a gold spoon in his mouth. But if that's your assessment then I see how attractive shorting looks. However, I think a lot of people who tried shorting this week are very sad.

Haha. Now that is a quality troll post.

well the market is saying otherwise at the moment, we made a brech in the 250-275 range, i doubt we can fal back anytime soon or ever, you can go short while we climb, and be profitable, because swing like the last one are there for shorters

but bitcoin is aiming to have a much better value in the future, and since the general belief is that bitcoin will rise , it's more risky to short, than going long and be more safe

I don´t understand why people would go long bitcoin. I could not sleep all night with that risk. No issues with beeing short... In the long run bitcoin will be more or less worthless. To many flaws and old tech...

I think that the price is going to fall a lot more before the real spike starts so I advise you to chill out and buy it later if you can hope to be an optimistic or just buy it now with a loss of 10$. I am going to ivnest heavy money in btc when the price drops and I predict it to be within the end of the month, let's see how it goes down

I've never understood why people short. Selling options makes sense because its a hedge, or at least, can be. Selling short is opening yourself up to liability that you shouldn't. You can lose everything that way. Not a great idea, IMHO.

just eat the loss now or its gonna be higher. how many btc u short?

What you mean bro. They should always listen to us no matter what we say.

Don't worry , you gonna see the magic wands of 300+ till coming Sunday !
till then just take a long nap.

no i didnt start one to begin with

Yeah, did you close your short ?

it will not crash under 200, why in the hell it should crash now under 200, when there were numerous possibility to do the same crash before, when bitcoin was more bvulnerable with the TX dram for example? no sense

it will keep climbing slowly, the last mini dump, is nothing not even a bear trap, just a random guy cashing out his profit, a mere swing....

I am going to assume the original post wasn't making fun of the bears, and I'll give you an advice.
It is possible for this uptrend to continue up to ~400$, after several days of sideways, so closing your short today or next days could be wise.
Even if there will be no further uptrend, and the bear market would resume, there will be plenty of other shorting opportunities.
As for double digits, I believe it's possible, but it might take 6 - 12 months to reach there (based on how slow the market is moving).

And, this is why I am sitting this out! 

Potential bear trap, short all you want but don't come crying if you get murdered.

There's a lesson in this for the kids. Never listen to me or Bob.

I think so too, but the question is how high will it go before then or have we seen the top...

Call the suicide hotline and tell them to go fuck themselves and then hang up.

Don't feed the trolls, especially one as delusional as ducknut. As for this thread, it's clearly a bull mocking neanderthal bears and making fun of anyone that would consider shorting btc at this point. It's a warning of what doing so will lead to if ya don't change your trading actions from last year.

A lot of those Chinese will have made big money by selling at the top of a bubble so they're fully liquid and ready to go.

Obviously you have a bad gut feeling about your decision. I also lost a fair amount by shorting, when price rised from 215 to 240 a few weeks ago. I cut my losses at 235 and went to the sideline until I had a clear feeling about market sentiment and trend.
Current market sentiment seems to be very bullish, so you should cut losses and close your shorts. If your personal sentiment is still bearish, step at the sideline and observe the market. If the market should turn bearish again, you have enough time to get your personal sentiment confirmed and open new shorts. If the market turns bearish, price should give you enough room to compensate your losses.

Currently most of the folks here is very bullish though and it may be well possible that we are on the beginning of a new bubble. I would suggest to observe the posts of a few people here on the forum, who publish opinions and TA like RynDaClem, chessnut, masterluc, Tzupy, klee and others. Keep in mind that they are all humans and therefore have their personal bias based on personal experiences and expectations.

Make yourself clear, what your personal criteria are to change your sentiment. Once they are met, make your decision and do not get mad if it should not work out as expected everytime.

And my most important advice: set kwuckduck on ignore! This user has no valuable information to offer and his only motivation for his permabear posts is his personal agenda. That has nothing to do with personal sentiment anymore and is just annoying. If you want to get a more bearish point of view, have a look at RynDaClems and Tzupys posts.

Op what was you reason for shorting at this point? and has your view changed.

Atleast one bear fellow with a nice comment do you think finally double digits in august? 

Don't worry, within a few days this thing will come crashing down 10x harder than it went up.

So nice to see these two guys agreeing for once.

Kill yourself OP. 

You and all the other retards who thought you'd make a few bucks selling your coins.

It's because of retards like you who can't see the big picture why the price of bitcoin is so low.

yep. I wouldn't go long at these levels after a rally which was initiated and leaded by LTC. The last pump BTC came directly from the LTC dump on the ltc/btc pair.

It's profit taking time in my opinion. All the big guys are going to take at least partially profits at 300. I don't see it slice above 315$ without a bigger correction.

$285 Is actually not too bad.
You will survive. Don't worry.

You can buy back now at a loss of under $10/bitcoin, that is a small sting. If you short and it goes 5x+, then you can think suicidal thoughts.
Seriously, just buy some back if you are that worried about it.

Short term is completely impossible to predict btc price. But, at least for me, long term it is quietly easy to predict price and trends.
For example, all the year of 2014 was a downtrend of ~50$ per month. It was a linear trend.
Now we are clearly heading up. I honestly don't know how fast it will occur and what will be the top but I see a strong bullish feeling. So I think, that- not this month, but- we are heading to a new, big big bubble.

Im not playing the market either now.. Just working and earning btc like normal.

That's what I thought. Yesterday. Anyway, trying to out-guess this market isn't really my bag. Good luck.

Yeah, Im not forgetting to take into account that a little birdie tells me that the Chinese are loading up the btc exchanges with fiat as we speak.
You think taking 30% & 40% losses in the Chinese stock market leaves a good taste in the investors mouths.
China is about to set this rocket off.

Don't worry, we will see 270's again

What Bob said.

260? it should not fall under the previous range

if you really want to short stay in 250-300

Live by the sword..

Cut ur losses and turn that short upside down and go long.
ASAP. Sunday night we gonna fly.

haha, you just had what you deserve. now, please watching it every minute and start calculating, how much you already lost and how much you will loose.))

now seriously, you really sold everything?

Since 285 and want to commit suicide now.
which number should i call?

Please help me and all other bears!!!!!