Looking for a BTC fall from this level. The rally could not sustain.

Luno

sr. member

Activity: 504

Merit: 250

Quote from: Beepbop on January 25, 2013, 05:51:38 PM

With these occasional wild fluctuations, how safe would it be to sit in a short position? If for some reason bitcoin were to have another peak and bust cycle, but your short trade expired when the price was at a peak, couldn't you end up losing quite a bit of USD in the process?

If you want leverage go play with SatoshiDice.

Leveraging Bitcoin is to risky as market is too easily controlled.

When Zhutong was rolling, the effect was obvious in the market, He traded against his customers positions.

Beepbop

full member

Activity: 126

Merit: 100

With these occasional wild fluctuations, how safe would it be to sit in a short position? If for some reason bitcoin were to have another peak and bust cycle, but your short trade expired when the price was at a peak, couldn't you end up losing quite a bit of USD in the process?

evolve

hero member

Activity: 700

Merit: 500

daytrader/superhero

I've already taken profits from the short bounce from yesterdays bottom. I'm not jumping back in until everything settles out a bit and trends become clear again.

Mdex

newbie

Activity: 17

Merit: 0

It would be nice if it crash to 8$ then raise up like it was (13$-14$).

21after2

member

Activity: 112

Merit: 16

It's been pretty hectic the last couple days. It went from (when I was checking) over $18 the night of the 23rd to just under $16 last night.

BetterBitcoinUp

newbie

Activity: 25

Merit: 0

Still holding my short position. Dropping too fast.

BetterBitcoinUp

newbie

Activity: 25

Merit: 0

Shorting now. Looking to buy back at BTC 17.15 - 17.20.

Topic: Looking for a BTC fall from this level. The rally could not sustain. (Read 625 times)