Topic: Making a x10 or x100 by short selling - page 5. (Read 761 times)

If most people here including me know about this, it's supposed we're a millionaire now. 

Yes, it's possible.
Short selling can potentially lead to profits if executed correctly, but how you'll know if the market is so volatile and the price is unpredictable where it goes?  That's very risky and it seems you gambled your money.

Try your luck here and pick which one of them has potential.
https://coinmarketcap.com/gainers-losers/

Yea, while I think it's very easy to make X10 with some random altcoins within a short period of time since they are based on pump and dump, it becomes so difficult to know which particular coin or token to buy, hold for just a short period of time, sell, and profit X10 of your investment. I think it's likely easier to say than to archive. Sometimes the period might not really be short; it can extend for months or a year. I know of a token lounched for $1 in the first quarter of last year, but after like a month, the token dropped to $0.01, but recently this year, it's trading for about $0.12 this year. So what I am saying is that it is not really very easy to know the right token that can easily earn you an X10 in a short time, some times it can take long before the token can get pumped.

Easier said than done

I hope you remember that when you open a short position, there is also a liquidation price. Scam wicks which often happen in crypto can close your position via stop loss or liquidation when there is a flash pump.

Yes, X10 might be possible, buy not common. I have mostly seen 2x,3x,4x etc but 10x?

You'll never know. It all depends on what the market is requiring and what position you have and what coins you're holding. Because if someone knows exactly the answer to your question then he'll for sure never gonna look back to his former life and will enjoy every inch of profit but no.

If someone has a crystal ball then he'd already said what are those that can make you x10. And both of you are probably rich then by now but no one knows and it's all up how can you read the charts and those candles.

Sometimes I really shake my head at the newbies who jump into futures trading right away, are they the type who want x10 to x100 in a short period of time? Just throwing and wasting money really.

         They thought it was that easy and simple to earn here in crpto trading, why is their luck so strong and how dare they say that they want to earn 100x profit immediately? These newbies are so funny. Also, futures trading is not advisable for a newbie who doesn't know anything about the field of this cryptocurrency industry.

So this is about futures trading?
Long and short can be profitable, depends on how you analyze the price trend and its not easy to know where to trade and what’s the timing. You can do short trade if the price is already telling you to do short while trade long if the rise is about to happen. Trading will always be more about timing and execution, continue to analyze and be responsible.

That doesn't make much sense, it's not "easier" if you don't know markets are going down. Bull market could com in the middle of your shorting so "easier" is not the word in here any more then if you claim it's easy to predict market direction. Obviously you can say it would be easy to make million dollars if you bought in crypto in 2012 but you would be wrong. It's easy only in hindsight.

shorting is selling at a price and buying back in when/if it corrects down(dips).. however this is not guaranteed. and if the price goes the opposite way. you lose your stash

for instance even at the peak of $70k it never shorted to $7k to be a 10x oportunity. the most you would have got if timed perfectly on a 18month contract is 5x by shorting.. 

what you are being told about is not pure shorting. but leveraged shorting  this is where you gamble. by getting a loan of 10x or 100x of someone else value compared to the value you own.. and hope to trade it to then get back in enough to pay out their original amount leaving you with many multiples..
but again it only wins if the price dips to the amounts that can afford you the profits you seek in a contracted period you set the leveraged loan for..

but here is the thing. the way the fundamentals play out. the new potential bottom is no longer $15k. its actually higher. it will be $20k+ when/if bitcoin corrects to the new bottom.

meaning at todays $28k .. meaning a max dip of $8k or 30%(0.3x).. so for you to get a 10x(1000%) you would need a leverage loan of 30x risk just to maybe get a 1000% (10x profit) if you were able to get the market price to go your way.

thus the risk does not match the opportunity

the chances of prices dipping all the way down to $20k are less likely thus the 30x loan risk may not pan out.. leaving you with alot you may need to pay back

..
there is a big reason why certain people promote leveraged shorts.. because they are not the gamblers. they are the contract offerers. temporarily giving their value to you which whether you lose or win. they get paid back. yep when you lose.. they win. when you win they win. but when you lose YOU LOSE ALOT and they win alot

Firstly this isn't the right place to make this type of post there is a trading discussion board that is most fitting for this type of post you just made.
https://bitcointalk.org/index.php?board=8.0

Also I have read what you actually wrote and in the end you asked for more idea meaning you had dropped an idea but to be honest you did not drop any idea, every trader knows to be successful in trade you also have to get the correct timing, so speaking of timing is no idea, do a proper research of what you want to talk about next time.

Hi there is a lot of talk about finding opportunities to make a x10 or a x100.

But I think it is easier to make a x10 by selling short...any tips to get the best ROI possible by selling short?

How can I know which coins would have earned me x10 if I had sold short in the last few months?