Shorted bitcoin - page 3. | Bitcointalksearch.org

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: abs350 on October 21, 2014, 01:50:09 PM

Matt, since when could you predict the future?

Are you going to update this thread after every 1 cent price move, to try and re-enforce your point?

I suggest you stfu and get a life.

Me advising that "one should never short in a flat market", wasn't exactly predicting the future, but more a general bit of common knowledge advice, similar in principle to "Never walk across a road with your eyes closed"

It pleases me that you are so clearly fucked b4 you have even begun.

What would please me more would be if you could go and max out some credit cards or something and put it all into Bitcoin investing.

inca

legendary

Activity: 1176

Merit: 1000

Are you basing this trade on the technicals (last few months price points down), or the fundamentals?

If it is the technicals, why not take the last few weeks which point up, or the overall multi year trend which points at alpha centauri?

Genuinely interested why anyone would short bitcoin, a hyper volatile commodity with a history of increasing price tenfold, especially with an entry after a >70% decline from a recent ATH. Surely there are better entry points?

abs350

full member

Activity: 481

Merit: 102

Quote from: MatTheCat on October 21, 2014, 01:47:39 PM

Quote from: abs350 on October 21, 2014, 02:52:46 AM

So the price has moved down a little since I took the position, but other than that no big changes. I'm waiting for a break downwards. I'm thinking of donating my profit to a charitable cause, please feel free to post your suggestions.

...and now it is has moved right back up above where you bought it.....that glittering $100 profit or whatever that you could have had has went up in smoke. Now you are underwater by a pennies.....and so it will continue...

the market will very likely crush your balls before it takes its next leg down proper.

You will sell, and you will realise a loss.

I will keep my fingers crossed on a little break out up to $450 for you.......ya fkn broke prick.

Matt, since when could you predict the future?

Are you going to update this thread after every 1 cent price move, to try and re-enforce your point?

I suggest you stfu and get a life.

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: abs350 on October 21, 2014, 02:52:46 AM

So the price has moved down a little since I took the position, but other than that no big changes. I'm waiting for a break downwards. I'm thinking of donating my profit to a charitable cause, please feel free to post your suggestions.

...and now it is has moved right back up above where you bought it.....that glittering $100 profit or whatever that you could have had has went up in smoke. Now you are underwater by a pennies.....and so it will continue...

the market will very likely crush your balls before it takes its next leg down proper.

You will sell, and you will realise a loss.

I will keep my fingers crossed on a little break out up to $450 for you.......ya fkn broke prick.

fewcoins

full member

Activity: 126

Merit: 100

Today will be the deciding point... If we can't hold 390 then we are now starting to hit lower highs, bad long bets, I might start selling/shorting some myself. Today is the decider day

Keyara

full member

Activity: 174

Merit: 100

Quote from: abs350 on October 20, 2014, 02:46:36 PM

I took a short position in BTC last night.

Short -10 BTC.

Let's see how it plays out. Im expecting it to go to $200 and lower.

While I am expecting it will go lower than 200, I am not as brave as you.

The price can go to 800 first before dropping back and go below 200.

waltermot321

sr. member

Activity: 322

Merit: 250

Quote from: abs350 on October 20, 2014, 02:46:36 PM

I took a short position in BTC last night.

Short -10 BTC.

Let's see how it plays out. Im expecting it to go to $200 and lower.

At what price did you short? I got a feeling its bad time to short right now..

600watt

legendary

Activity: 2338

Merit: 2106

how you feel ?

abs350

full member

Activity: 481

Merit: 102

Quote from: MatTheCat on October 21, 2014, 02:25:57 AM

Quote from: abs350 on October 20, 2014, 02:46:36 PM

I took a short position in BTC last night.

Short -10 BTC.

Let's see how it plays out. Im expecting it to go to $200 and lower.

Never trade with leverage in a flat market and NEVER short in a flat market.

Even if the market does end up going your way in the end (and I believe that it will), you will get shaken out of that position, I can almost practically guarantee it.

Thankfully Matt I don't listen to a single word of your advice. Infact, doing the opposite of your advice is a pre requisite for me.

So the price has moved down a little since I took the position, but other than that no big changes. I'm waiting for a break downwards. I'm thinking of donating my profit to a charitable cause, please feel free to post your suggestions.

Bulletin

member

Activity: 71

Merit: 10

Quote from: MatTheCat on October 21, 2014, 02:25:57 AM

Quote from: abs350 on October 20, 2014, 02:46:36 PM

I took a short position in BTC last night.

Short -10 BTC.

Let's see how it plays out. Im expecting it to go to $200 and lower.

Never trade with leverage in a flat market and NEVER short in a flat market.

Even if the market does end up going your way in the end (and I believe that it will), you will get shaken out of that position, I practically guarantee it.

I can only agree on this one.

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: abs350 on October 20, 2014, 02:46:36 PM

I took a short position in BTC last night.

Short -10 BTC.

Let's see how it plays out. Im expecting it to go to $200 and lower.

Never trade with leverage in a flat market and NEVER short in a flat market.

Even if the market does end up going your way in the end (and I believe that it will), you will get shaken out of that position, I can almost practically guarantee it.

Bulletin

member

Activity: 71

Merit: 10

How much have you lost already ?

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: Sophie.Greek on October 21, 2014, 01:54:39 AM

Fuck, do you know Bitcoin will be murdered by people like you?

bitcoin does not give a slightest crap about how much dollars people are giving it away for. really, does not. you or he or bill gates can not kill it by shorting, don't worry. a guy with 30+k of shorting didn't make anything but a tiny one-day dent in the price, and bitcoin-the-idea didn't even notice he ever existed. if bitcoin-the-idea survived mtGox - the million coin scam op - others are just peanuts.

bigasic

hero member

Activity: 924

Merit: 1000

Im glad I dont know the ins and outs of short and long postitions. I know what they are, but I dont know how to "bet" shorting or long positions. Ill probably learn one day, but ill have to make sure I dont have access to my coins. but shorting 10 coins, not sure how much you are going to lose or win, but Id say that was a very ballsy bet.

Sophie.Greek

newbie

Activity: 23

Merit: 0