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Topic: Short now = make lots of money? (Read 4428 times)

hero member
Activity: 504
Merit: 500
Moderator
February 03, 2015, 07:01:09 PM
#74
Shorting at any price over 200$ is a no-brainer right now.!

Price was @ 800$ during the time of the post. A year later this assumption still seems to be correct.  
I would almost say that we could adjust it to 100$ now Sad .

 Cheesy
full member
Activity: 218
Merit: 100
February 03, 2015, 06:50:05 PM
#73
buy now or regret later  Kiss

This was advice we heard when Bitcoin was at $600, $500, $400 and $300.
member
Activity: 123
Merit: 13
Thermofinance.Com
February 03, 2015, 01:21:07 PM
#72
buy now or regret later  Kiss

legendary
Activity: 1218
Merit: 1003
February 03, 2015, 01:10:50 PM
#71
Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...
`

When you short with leverage and the market is moving on you, you will lose all your capital. If you shorted on January 24th, you would have lost 38$ per BTC x your leverage in 3 days.
Just don't leverage with Bitcoin, it is too volatile, it is just waiting to bankrupt people if they over-leverage.  Currencies are perfect for leverage normally, CHF aside!
newbie
Activity: 48
Merit: 0
February 03, 2015, 10:48:07 AM
#70
No, risk is too high, not worth it yet. If in the near future support won't hold and a downtrend will become apparent, then it may be worth and not risky.

I advised the OP against shorting, before the pump, but he did it anyway. Grin
If he wasn't slaughtered in the meantime, he should close his short soon (in a couple of hours or maybe tomorrow) for maximum profit.

You win some, you lose some.  Smiley
hero member
Activity: 1022
Merit: 500
February 03, 2015, 09:34:13 AM
#69
Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...
`

When you short with leverage and the market is moving on you, you will lose all your capital. If you shorted on January 24th, you would have lost 38$ per BTC x your leverage in 3 days.
member
Activity: 84
Merit: 10
February 01, 2015, 10:03:28 PM
#68
anyone have a reasonable explanation for this pump? I seriously thought this was gonna go in the other direction today

emergency pump for superbowl-hype ... will come back down as soon everyone is done with buying. Another small pump and dump... business as usual.
sr. member
Activity: 414
Merit: 250
February 01, 2015, 04:40:04 PM
#67
I'm not a daytrader really, I'm in it for the long term.
hero member
Activity: 700
Merit: 500
February 01, 2015, 02:45:33 PM
#66
why would you buy?

What do you mean?  There is nothing unnatural about something skyrocketing in 3 hours for no apparent reason.
Nothing bad ever happened to any bitcoin that was purchased during such an unnatural growth, nothing at all!

Whether you shorted at 215, or you are going to short at 230, you are going to make so much money that you will be able to manipulate the price all on your own, and us fuckwads will gobble up every pointless pump!
hero member
Activity: 574
Merit: 500
February 01, 2015, 02:37:34 PM
#65
why would you buy?
hero member
Activity: 966
Merit: 1000
It's Not Enough
February 01, 2015, 02:21:16 PM
#64
anyone have a reasonable explanation for this pump? I seriously thought this was gonna go in the other direction today
legendary
Activity: 3248
Merit: 1070
February 01, 2015, 02:11:51 PM
#63
too rishy, i see a lot of small swing, small P&d, you can short yes, plent of shorting, but it's a bit of gambling, i don't see a good pattern
newbie
Activity: 57
Merit: 0
February 01, 2015, 05:55:26 AM
#62
No, risk is too high, not worth it yet. If in the near future support won't hold and a downtrend will become apparent, then it may be worth and not risky.

I advised the OP against shorting, before the pump, but he did it anyway. Grin
If he wasn't slaughtered in the meantime, he should close his short soon (in a couple of hours or maybe tomorrow) for maximum profit.

Totally agree, IMO it's going to head upwards again soon maybe high $200's, take $17 p.coin profit (at time of post) and plan a new strategy (unless you left at a loss)  Huh

I'm not so sure, there were some big dumps through some massive walls last night. If it goes below 200 it could cause panic selling again.
newbie
Activity: 9
Merit: 0
February 01, 2015, 03:17:28 AM
#60
I GOT REKT BIG TIME XD
full member
Activity: 154
Merit: 100
♥Bitcoin-Ethereum-Ripple♥
January 31, 2015, 07:37:35 PM
#59
No, risk is too high, not worth it yet. If in the near future support won't hold and a downtrend will become apparent, then it may be worth and not risky.

I advised the OP against shorting, before the pump, but he did it anyway. Grin
If he wasn't slaughtered in the meantime, he should close his short soon (in a couple of hours or maybe tomorrow) for maximum profit.

Totally agree, IMO it's going to head upwards again soon maybe high $200's, take $17 p.coin profit (at time of post) and plan a new strategy (unless you left at a loss)  Huh
legendary
Activity: 2170
Merit: 1094
January 31, 2015, 07:23:12 PM
#58
No, risk is too high, not worth it yet. If in the near future support won't hold and a downtrend will become apparent, then it may be worth and not risky.

I advised the OP against shorting, before the pump, but he did it anyway. Grin
If he wasn't slaughtered in the meantime, he should close his short soon (in a couple of hours or maybe tomorrow) for maximum profit.
hero member
Activity: 1022
Merit: 500
January 26, 2015, 06:47:07 AM
#57
Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...

best you could hope for is sideways from here is you are bearish, trend lines are broken i think.

The good trade was to be long for the last few days. We are at more than 300$ and we could be at 340$ in a few days.
legendary
Activity: 1330
Merit: 1000
January 26, 2015, 05:06:07 AM
#56
Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...

best you could hope for is sideways from here is you are bearish, trend lines are broken i think.
legendary
Activity: 966
Merit: 1000
January 26, 2015, 05:04:30 AM
#55
Hey OP, look for my post. I told you don't short as we will be heading 250+ soon, should have listened.
Peace.
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