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Topic: My first short :o (Read 1746 times)

hero member
Activity: 2548
Merit: 950
fly or die
July 25, 2017, 02:59:07 AM
#38
There are boats at all prices, from 1000$ for a small used one, to $15 billions for a new Ford-class aircraft carrier.
full member
Activity: 182
Merit: 100
July 25, 2017, 01:26:22 AM
#37
I don't get it, he bought at $70 and just now has enough to buy a boat? did he just throw a couple hundred at it? is so this story is more sad than happy. In any case, hold

What's so hard?
Lets say 100btc at 70 is 7000usd, now it's worth 270000usd

I'm pretty sure boats are not that expensive......
hero member
Activity: 1610
Merit: 507
July 24, 2017, 11:52:18 PM
#36
I don't get it, he bought at $70 and just now has enough to buy a boat? did he just throw a couple hundred at it? is so this story is more sad than happy. In any case, hold

we don't how exactly he bought and he don't continue to discuss with us. maybe now he is enjoy with the money he got and forget about his thread. but i am in the same with you to suggest to hold from now and only sell if the price is break more high.
legendary
Activity: 2898
Merit: 1823
July 24, 2017, 10:29:57 PM
#35
Out of embarrassment, I believe OP will not come back for a while. He claimed to have shorted 75% of his Bitcoins which might have taken a big loss or maybe he still taking a big loss if he did not panic in closing his position. But usually we amateurs panic no matter what we say to everyone.
legendary
Activity: 1414
Merit: 1000
July 24, 2017, 07:27:37 PM
#34
I don't get it, he bought at $70 and just now has enough to buy a boat? did he just throw a couple hundred at it? is so this story is more sad than happy. In any case, hold
sr. member
Activity: 728
Merit: 250
July 24, 2017, 05:58:16 PM
#33
An early adopter who bought bitcoins at $70 and never involved any trading but suddenly entered into shorting from $2600 and waiting for $1500. I am not ready to believe all these still I must say if everything is true, you will get disappoints alone in both the case of hitting $1500 or not.

If $1800 breaks then no one could save bitcoins reaching $1200 levels and I guess there will be very thin chances for $2100 to get broken as per current scenarios.

I guess current prices of $2250 seems good levels for profit booking as you have sold around $2600. Better re-enter right now else regretting will be inevitable.
Correct why someone that has held for such a long amount of will decide all of the sudden that the best thing for him to is to short bitcoin? Keep holding until the day you are rich.
hero member
Activity: 896
Merit: 500
July 23, 2017, 12:04:59 PM
#32
Wowow I knew somthing was comming. Hoarding BTC since 70 dolla  no trading ever made. Shorted at 2600.
I was not going to experiece multiple years decline again like the 1200 peak aftermath.
Now I have joy when the market crashes. Feels so good Smiley.
I'm 75% short btw
I'm still bullish in the long run btw
Looking to buy again at 1500 so I can buy myself a new boat



That's right, bitcoin gives us a chance to get rich quick, however, you also need a little luck and an accurate choice, the time of purchase and sale is important, just grasp it, You will be rich.
sr. member
Activity: 588
Merit: 250
July 23, 2017, 10:36:43 AM
#31
Are you still live or died? Grin I can't stop laughing when read this thread and checking the price in this time is under $2000, maybe he do that when the price of Bitcoin at $1800, bad luck when try short at lowest price. RIP him Grin
legendary
Activity: 1862
Merit: 1530
Self made HODLER ✓
July 23, 2017, 09:52:50 AM
#30
Last time he posted he was saying something about dead cat bounce in the middle of the pump. So yeah, I guess he didn't get out of his short in time.

Bad luck.
sr. member
Activity: 696
Merit: 439
July 23, 2017, 09:40:50 AM
#29
I think this guy is dead.

He dieded.
hero member
Activity: 658
Merit: 503
Bear with me
July 22, 2017, 09:41:10 AM
#28
I think this guy is dead.

I do think so too... But anyway, for him to make peace with himself, this is not its fault, as this was probably one of the highest growth in all times. +1000$ in 3 days is a pure record I think.

Well, look at the all-time bitcoin chart. Shorting such a market is extremely risky. The trend is clearly up.
legendary
Activity: 3318
Merit: 1133
Leading Crypto Sports Betting & Casino Platform
July 21, 2017, 06:17:15 AM
#27
Did you do it at $1800?
I am kind of intrigued because he posted this when bitcoin was crashing and he have a boat now if he sold at $2600.
Decisions. Decisions. If you did it at the right time then you are a boat man now.  Grin
The second post graph did not hit it right at $1500 but he almost have a right prediction. Good job.
member
Activity: 78
Merit: 10
July 21, 2017, 06:10:54 AM
#26
I think this guy is dead.

I do think so too... But anyway, for him to make peace with himself, this is not its fault, as this was probably one of the highest growth in all times. +1000$ in 3 days is a pure record I think.
legendary
Activity: 1473
Merit: 1086
July 20, 2017, 08:05:59 PM
#25
I think this guy is dead.
legendary
Activity: 889
Merit: 1013
July 20, 2017, 06:45:32 PM
#24
LOL did you lose everything OP?

Potentially worst short ever?
Maybe fastest wipeout ever. Worst short ever is probably back in the $1 days Wink
hero member
Activity: 756
Merit: 1000
July 20, 2017, 06:21:55 PM
#23
LOL did you lose everything OP?

Potentially worst short ever?
hero member
Activity: 658
Merit: 503
Bear with me
July 20, 2017, 06:15:20 PM
#22
LOL did you lose everything OP?
legendary
Activity: 2898
Merit: 1823
July 15, 2017, 11:46:08 PM
#21
Yeah, I have a hard time believing OP went short on bitcoin--but I have a hard time believing anything people say on this forum anyway.  He might have sold his stash, but that's not shorting.  What exchange did you do this on, OP?

The comments here are actually interesting,  which is unusual.   Me, I'd be buying if I had any cash.  That seems to be a perpetual problem with me.  And I have to say, perhaps Goldman Sachs was right with their prediction of $1800 as the bottom.  We might reach that fairly soon.

Can you give us the link to Goldman Sachs' technical analysis? I usually laugh and take them with a grain of salt but this one might give me some peace of mind. Hehe.

legendary
Activity: 3528
Merit: 7005
Top Crypto Casino
July 15, 2017, 09:42:00 AM
#20
Yeah, I have a hard time believing OP went short on bitcoin--but I have a hard time believing anything people say on this forum anyway.  He might have sold his stash, but that's not shorting.  What exchange did you do this on, OP?

The comments here are actually interesting,  which is unusual.   Me, I'd be buying if I had any cash.  That seems to be a perpetual problem with me.  And I have to say, perhaps Goldman Sachs was right with their prediction of $1800 as the bottom.  We might reach that fairly soon.
legendary
Activity: 1918
Merit: 1012
★Nitrogensports.eu★
July 15, 2017, 09:30:07 AM
#19
At this point there is nothing surprising to see. It's all known how the market is moving up and down within a certain range. I don't see anything significant happen until we dive below the $2000 level. If that happens, I am fairly sure the panic will pick up and drive the price down even deeper. Any serious trader/investor has done most of his cashing out at levels between $2700-$3000 not that long ago. Market at that time was greatly overbought, and basically had no chance of going up even further without any sort of scaling solution.


And now we have crossed the $2000 level. I really hope your prediction about panic picking up and the price going down deeper really becomes true. I will just treat it as an opportunity to get some more cheap coins.
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
July 15, 2017, 05:36:25 AM
#18

Try PascalLite and Pascalcoin and you will see the scaling that you are looking for. Its not only bitcoin. There are more.
PascalLite https://bitcointalk.org/index.php?topic=1773026.340
I'm very skeptic that this kind of scalability I'm looking for has already been reached since January and yet it's not been announced everywhere, but I'll take a look later. If you have some time to spare, could you tell me (in few paragraphs) how does PascalLite achieve it? Or link me to a paper? Almost 19 hours since I woke up, so my brain is not in the mood to search for it right now.

i would love to hear it also but my first assumption whenever i hear a name of a new altcoin out of the blue which is claiming to be "fixing the scaling issue" is that they are trying to pump it to make money. and you'd be surprised how many of these altcoins i have seen so far Cheesy

afterall the biggest one that literary everyone has heard about is called ETH and we saw how their "claims to fix the scaling issue" failed with a simple surge of transactions and the whole network of it shut down completely!

now i said i am interested in hearing about it because i am always interested in seeing new technologies and how they innovate. but i would not believe it until it is put to test. and that means processing a large number of transactions for a good amount of time an not failing horribly..
newbie
Activity: 11
Merit: 0
July 15, 2017, 05:09:36 AM
#17

Try PascalLite and Pascalcoin and you will see the scaling that you are looking for. Its not only bitcoin. There are more.
PascalLite https://bitcointalk.org/index.php?topic=1773026.340
I'm very skeptic that this kind of scalability I'm looking for has already been reached since January and yet it's not been announced everywhere, but I'll take a look later. If you have some time to spare, could you tell me (in few paragraphs) how does PascalLite achieve it? Or link me to a paper? Almost 19 hours since I woke up, so my brain is not in the mood to search for it right now.
full member
Activity: 197
Merit: 100
July 15, 2017, 04:39:21 AM
#16
This is definitely bad news when amateur traders find it in themselves the courage to do short sells on Bitcoin. Short selling is a form of betting against Bitcoin and this does not bode well in the coming months.

What happened to "buy and hold, and buy the dips"? Do you not believe in the technology anymore?
You are right about everything, except for calling them "amateurs". I disagree on your use of the word here. Here goes my thought: if you really are a specialist, you should have predicted what happened. It was quite obvious bitcoin would not go from 1k USD to 50k USD in one go. There are people that actually make money from the market. They are not holding. They just keep buying and selling constantly and taking "small" profit from each buy-sell loop. They definitely make more money than those who are holding while complaining others aren't. I don't belong to either side right now. I don't own any bitcoins.

If everyone buying bitcoins believed it would go to $50k in one go, it definitely would. But it seems this time they didn't even believe it could reach $3k, since they started selling before that, making the price quickly drop again. That's how people are. Only a few intend to keep their bitcoins forever. Most of them just want to make some profit, buying and then selling them back at a higher price. I don't know which group you belong to, but if you are part of those who intend to sell it at some point (even if it's at the $100k/bitcoin point), then you fit into your own definition of "amateur". Those who actually believe in the technology shouldn't ever sell their bitcoins for fiat money (unless they are in desperate need of such money).

Btw, I once did believe in the technology. I don't anymore. There is absolutely no decentralization when only a few huge companies have enough power to process transactions. Blockchain just doesn't scale. I won't believe in any of those technologies until I see one that can either handle at least a million or so transactions per second (with much lower fees than we have today) OR can actually scale proportionally to the number of peers in the network. Having said that, I do believe bitcoin is an easy way to make lots of money, but the blockchain technology just can't handle all the transactions in the world, so it can't replace centralization yet.

Try PascalLite and Pascalcoin and you will see the scaling that you are looking for. Its not only bitcoin. There are more.
PascalLite https://bitcointalk.org/index.php?topic=1773026.340
newbie
Activity: 11
Merit: 0
July 15, 2017, 02:44:49 AM
#15
This is definitely bad news when amateur traders find it in themselves the courage to do short sells on Bitcoin. Short selling is a form of betting against Bitcoin and this does not bode well in the coming months.

What happened to "buy and hold, and buy the dips"? Do you not believe in the technology anymore?
You are right about everything, except for calling them "amateurs". I disagree on your use of the word here. Here goes my thought: if you really are a specialist, you should have predicted what happened. It was quite obvious bitcoin would not go from 1k USD to 50k USD in one go. There are people that actually make money from the market. They are not holding. They just keep buying and selling constantly and taking "small" profit from each buy-sell loop. They definitely make more money than those who are holding while complaining others aren't. I don't belong to either side right now. I don't own any bitcoins.

If everyone buying bitcoins believed it would go to $50k in one go, it definitely would. But it seems this time they didn't even believe it could reach $3k, since they started selling before that, making the price quickly drop again. That's how people are. Only a few intend to keep their bitcoins forever. Most of them just want to make some profit, buying and then selling them back at a higher price. I don't know which group you belong to, but if you are part of those who intend to sell it at some point (even if it's at the $100k/bitcoin point), then you fit into your own definition of "amateur". Those who actually believe in the technology shouldn't ever sell their bitcoins for fiat money (unless they are in desperate need of such money).

Btw, I once did believe in the technology. I don't anymore. There is absolutely no decentralization when only a few huge companies have enough power to process transactions. Blockchain just doesn't scale. I won't believe in any of those technologies until I see one that can either handle at least a million or so transactions per second (with much lower fees than we have today) OR can actually scale proportionally to the number of peers in the network. Having said that, I do believe bitcoin is an easy way to make lots of money, but the blockchain technology just can't handle all the transactions in the world, so it can't replace centralization yet.
legendary
Activity: 1918
Merit: 1012
★Nitrogensports.eu★
July 15, 2017, 02:37:39 AM
#14
At this point there is nothing surprising to see. It's all known how the market is moving up and down within a certain range. I don't see anything significant happen until we dive below the $2000 level. If that happens, I am fairly sure the panic will pick up and drive the price down even deeper. Any serious trader/investor has done most of his cashing out at levels between $2700-$3000 not that long ago. Market at that time was greatly overbought, and basically had no chance of going up even further without any sort of scaling solution.

Wow, the price fall has really gained momentum now.  Price is $2070 on coinmarketcap.com
11+% decline in the last 24 hours. $2000 doesn't look unbreakable now.
full member
Activity: 215
Merit: 102
July 15, 2017, 02:26:20 AM
#13
Quote
Wowow I knew somthing was comming. Hoarding BTC since 70 dolla  no trading ever made. Shorted at 2600.
I was not going to experiece multiple years decline again like the 1200 peak aftermath.
Now I have joy when the market crashes. Feels so good Smiley.
I'm 75% short btw
I'm still bullish in the long run btw
Looking to buy again at 1500 so I can buy myself a new boat


rubbish. If you had been buying BTC since price was 70 bucks, you'd been multimillionaire by now and could buy many boats.
legendary
Activity: 2898
Merit: 1823
July 15, 2017, 01:50:36 AM
#12
This is definitely bad news when amateur traders find it in themselves the courage to do short sells on Bitcoin. Short selling is a form of betting against Bitcoin and this does not bode well in the coming months.

What happened to "buy and hold, and buy the dips"? Do you not believe in the technology anymore?
legendary
Activity: 1302
Merit: 1027
July 15, 2017, 01:33:56 AM
#11
OOPS that 2200 broke rather fast don't you think?
Very likely sub $2000 later today.

The $2200 level has never been anything of significance, so there is no point into emphasizing that. I don't understand why people constantly get hyped up just because the price is falling down. If you pay close attention to the charts, you'll see that we have been below $2200 already last month. I don't see any indication of the price going much lower than what we have seen today. People let the panic get the better of them, and thus sell as result. I don't think anyone with some sort of market understanding sees this as something worrisome. My guess is that we won't see the market fall below $2100, and ultimately not below the $2000 level.

Market is testing all low and we cannot say how much low it will go but now everyone is buying the altcoin in against of bitcoin because when the fork happens if anything happen altcoin can go up like eth have a good scope of boosting by this bitcoin fork if it got failed.
legendary
Activity: 1232
Merit: 1091
July 14, 2017, 01:37:24 PM
#10
OOPS that 2200 broke rather fast don't you think?
Very likely sub $2000 later today.

The $2200 level has never been anything of significance, so there is no point into emphasizing that. I don't understand why people constantly get hyped up just because the price is falling down. If you pay close attention to the charts, you'll see that we have been below $2200 already last month. I don't see any indication of the price going much lower than what we have seen today. People let the panic get the better of them, and thus sell as result. I don't think anyone with some sort of market understanding sees this as something worrisome. My guess is that we won't see the market fall below $2100, and ultimately not below the $2000 level.
hero member
Activity: 2632
Merit: 833
July 14, 2017, 12:10:48 PM
#9
An early adopter who bought bitcoins at $70 and never involved any trading but suddenly entered into shorting from $2600 and waiting for $1500. I am not ready to believe all these still I must say if everything is true, you will get disappoints alone in both the case of hitting $1500 or not.

If $1800 breaks then no one could save bitcoins reaching $1200 levels and I guess there will be very thin chances for $2100 to get broken as per current scenarios.

I guess current prices of $2250 seems good levels for profit booking as you have sold around $2600. Better re-enter right now else regretting will be inevitable.

True, you should try to get back again and enjoy the ride. If you are waiting for $1500 then I don't think you will get your chances. Prices is still holding at $2200 and I don't think it can be break as well. And very nice decision though for deciding to go for $2600. I think you made the right decision.
legendary
Activity: 3710
Merit: 1170
www.Crypto.Games: Multiple coins, multiple games
July 14, 2017, 10:24:30 AM
#8
An early adopter who bought bitcoins at $70 and never involved any trading but suddenly entered into shorting from $2600 and waiting for $1500. I am not ready to believe all these still I must say if everything is true, you will get disappoints alone in both the case of hitting $1500 or not.

If $1800 breaks then no one could save bitcoins reaching $1200 levels and I guess there will be very thin chances for $2100 to get broken as per current scenarios.

I guess current prices of $2250 seems good levels for profit booking as you have sold around $2600. Better re-enter right now else regretting will be inevitable.
legendary
Activity: 2170
Merit: 1427
July 14, 2017, 09:38:34 AM
#7
At this point there is nothing surprising to see. It's all known how the market is moving up and down within a certain range. I don't see anything significant happen until we dive below the $2000 level. If that happens, I am fairly sure the panic will pick up and drive the price down even deeper. Any serious trader/investor has done most of his cashing out at levels between $2700-$3000 not that long ago. Market at that time was greatly overbought, and basically had no chance of going up even further without any sort of scaling solution.


^^ Lauda chillin. ^^  Cheesy
legendary
Activity: 2128
Merit: 1293
There is trouble abrewing
July 14, 2017, 08:50:55 AM
#6
Wowow I knew somthing was comming. Hoarding BTC since 70 dolla  no trading ever made. Shorted at 2600.
I was not going to experiece multiple years decline again like the 1200 peak aftermath.
Now I have joy when the market crashes. Feels so good Smiley.
I'm 75% short btw
I'm still bullish in the long run btw
Looking to buy again at 1500 so I can buy myself a new boat

i think you are either very confused or want to say multiple contradicting stuff at the same time!
you want the price to go down so you can buy at your dreamy price so you say _indirectly_ bitcoin is dead and then at the same time _indirectly_ say bitcoin is going to go to the moon.

for example you say "multiple years of decline" then you are still "bullish" make up your mind man Cheesy

and just FYI, bitcoin was at $2600  10 days ago. you waited this long to make this topic! weird! Shocked
hero member
Activity: 770
Merit: 500
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July 14, 2017, 08:43:30 AM
#5
Good for you. I agree that it may go down a bit more, but 1500 seems too low to me. Perhaps 2000 or so, and it would be a great profit yet.

There has been some days good for shorting by the way.
hero member
Activity: 2548
Merit: 950
fly or die
July 14, 2017, 08:15:46 AM
#4
If you sold coins you owned then you didn't short.

If you borrowed coins and are now waiting to buy them back at a lower price, paying margin fees in the meantime, then you're shorting.
member
Activity: 78
Merit: 10
July 14, 2017, 08:11:27 AM
#3
You are not spreading FUD, I think you are in fact saying something clever. I think that like you many people are getting afraid of August 1st, and this is the reason why price is slowly decreasing lately. But exactly as you, I think that this is just a temporary downtrend, which will, according to me, last a few month before real moon is reach by March-August of next year.
full member
Activity: 121
Merit: 100
July 14, 2017, 08:02:07 AM
#2
Not here to spread fud or trying become a bear but look at this:




It Is very likely it will plummet a bit before it moons again. Keep in mind we alreade went x3 and this is not a bubble
full member
Activity: 121
Merit: 100
July 14, 2017, 07:49:57 AM
#1
Wowow I knew somthing was comming. Hoarding BTC since 70 dolla  no trading ever made. Shorted at 2600.
I was not going to experiece multiple years decline again like the 1200 peak aftermath.
Now I have joy when the market crashes. Feels so good Smiley.
I'm 75% short btw
I'm still bullish in the long run btw
Looking to buy again at 1500 so I can buy myself a new boat

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