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Topic: SHOTRING BITCOIN: This is a good idea right now (Read 8572 times)

hero member
Activity: 840
Merit: 1000
February 01, 2014, 01:51:26 PM
If you are bent on leveraging short you can use btc-e's metatrader4 interface. It works similar to how bitcoinica did, with a fluctuating spread.
But you won't get any less giltchy market and I think it's quite stupid to use it, you'll have the same problems.

I am only interesting in playing the shorting game if I can do so on an exchange where I am not going to be cheated. If the exact same crooked tape painting front running stop-loss farming shenanigans are going on BTC-e as they do on Bitfinex, then I would rather leave it out and stick with Long trades, Honest John style on Bitstamp.

legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
SHORTING Bitcoin is not a very great idea right now.

The only (?) shorting exchange, Bitfinex, has just removed the option to route stop losses through Bitstamp, which means shorters must now place short stop orders on Bitfinex.

Problem with this is that Bitfinex is populated and operated by sharks/thieves who will be plotting to farm your stop-loss at the first viable opportunity they get. Only way to avoid being called against the grain of the market is to to take very high risks with stop loss.

If anyone knows of a better place to short sell I would be pleased to hear about it.

If you are bent on leveraging short you can use btc-e's metatrader4 interface. It works similar to how bitcoinica did, with a fluctuating spread.
But you won't get any less giltchy market and I think it's quite stupid to use it, you'll have the same problems.
hero member
Activity: 840
Merit: 1000
they just made the book look like that, they still route orders through stamp, they just calculate it for us now so the order book is more clear. there is an announcement page somewhere.

No they don't. If I could have routed my short, which I made right at the very top of the recent spike through Stamp, like I could yesterday and the day before that, then I would never have been called and would have got in at $827. If I was still able to route Stop Loss through Stamp, I would be on a home run right now. But since I had to set my stop loss on Bitfinex, the 300 Ask wall suddenly disappeared into thin air and my stop loss was triggered by a relatively small order, right at the top of the market. Instead I had to wait until trend had clearly reversed, shorting at $822 and I also had to place my stop well out of reach of the market trading range. (which means if a sudden unpredictable surge of buying pressure comes into market, I am screwed) The risk v benefit ratio of doing this just doesn't add up.

Thing with Bitfinex is that if I have unused leverage, I can use this to build up a liar Ask wall to infinity without the fear of having to make good on the fake Ask wall volume that I am creating. This is especially true if I am trading with a bot. I don't trade with a bot, but plenty on Bitfinex do and probably the cunts that run the exchange are fkn crooks as well getting up to the exact same tricks in order to line their own pockets. My first experiences of shorting on Bitfinex were pretty bad. Only when I discovered the Bitstamp routing option could I start to make some reliable short trades. Now that they have taken that option away it is back to being an online pick-pocketing front running thieving bastard competition.

Bitfinex are basically a den of thieves and without the option to route stops through a respectable exchange, an honest trader is just going to get his pockets dipped trading on Bitfinex.
sr. member
Activity: 252
Merit: 250
SHORTING Bitcoin is not a very great idea right now.

The only (?) shorting exchange, Bitfinex, has just removed the option to route stop losses through Bitstamp, which means shorters must now place short stop orders on Bitfinex.

Problem with this is that Bitfinex is populated and operated by sharks/thieves who will be plotting to farm your stop-loss at the first viable opportunity they get. Only way to avoid being called against the grain of the market is to to take very high risks with stop loss.

If anyone knows of a better place to short sell I would be pleased to hear about it.
they just made the book look like that, they still route orders through stamp, they just calculate it for us now so the order book is more clear. there is an announcement page somewhere.
hero member
Activity: 840
Merit: 1000
SHORTING Bitcoin is not a very great idea right now.

The only (?) shorting exchange, Bitfinex, has just removed the option to route stop losses through Bitstamp, which means shorters must now place short stop orders on Bitfinex.

Problem with this is that Bitfinex is populated and operated by sharks/thieves who will be plotting to farm your stop-loss at the first viable opportunity they get. Only way to avoid being called against the grain of the market is to to take very high risks with stop loss.

If anyone knows of a better place to short sell I would be pleased to hear about it.
sr. member
Activity: 434
Merit: 250
proudhon should be held accountable for forcing/brainwashing people to SHOTR. Hordes have lost money as a result, are u happy now proudhon

how about PEOPLE are held accountable for their own actions.

Its a new thing, sweeping across the developed world... oh wait no its not.

CAUTION: This post may contain words. Read at your own risk. This post is not responsible for making you think or feel anything. (C) 2014 sgbett. All rights reserved. Any resemblance to any post previous or future is purely coincidental. Caveat emptor.


hehehe well put.
i short sell some of my coins, but also hold some, for that 'just in case' scenario.. currently trading at €600 per BTC, it's a good price if you can get it :0)
legendary
Activity: 2576
Merit: 1087
proudhon should be held accountable for forcing/brainwashing people to SHOTR. Hordes have lost money as a result, are u happy now proudhon

how about PEOPLE are held accountable for their own actions.

Its a new thing, sweeping across the developed world... oh wait no its not.

CAUTION: This post may contain words. Read at your own risk. This post is not responsible for making you think or feel anything. (C) 2014 sgbett. All rights reserved. Any resemblance to any post previous or future is purely coincidental. Caveat emptor.
full member
Activity: 532
Merit: 100
PrimeDAO - An Adoption Engine for Open Finance
proudhon should be held accountable for forcing/brainwashing people to SHOTR. Hordes have lost money as a result, are u happy now proudhon
sr. member
Activity: 336
Merit: 250
Dude you must have sold @$480 a month ago and must be very pissed off about that. There is no other explantation why you are only talking bad about BTC.

I am shotring since 2$ for maxprofit. Only talking good about maxprofit, not about bad bitcoin.

Or you only try people to force to sell so that you can get cheap coins, what also suggests your username "ice cold".

As CONFIRMED here, no.
https://bitcointalksearch.org/topic/m.4784241

thought "eiskalt" is finno-ugrian for "self-fulfilling prophecy", seems to be some kind of misspelling.

It's German for ice-cold.

Culcha Candela CONFIRMS:

https://www.youtube.com/watch?v=UCWW-2M0-Ks

Enjoy
legendary
Activity: 1526
Merit: 1001
Dude you must have sold @$480 a month ago and must be very pissed off about that. There is no other explantation why you are only talking bad about BTC.

I am shotring since 2$ for maxprofit. Only talking good about maxprofit, not about bad bitcoin.

Or you only try people to force to sell so that you can get cheap coins, what also suggests your username "ice cold".

As CONFIRMED here, no.
https://bitcointalksearch.org/topic/m.4784241

thought "eiskalt" is finno-ugrian for "self-fulfilling prophecy", seems to be some kind of misspelling.

It's German for ice-cold.
sr. member
Activity: 336
Merit: 250
Dude you must have sold @$480 a month ago and must be very pissed off about that. There is no other explantation why you are only talking bad about BTC.

I am shotring since 2$ for maxprofit. Only talking good about maxprofit, not about bad bitcoin.

Or you only try people to force to sell so that you can get cheap coins, what also suggests your username "ice cold".

As CONFIRMED here, no.
https://bitcointalksearch.org/topic/m.4784241

thought "eiskalt" is finno-ugrian for "self-fulfilling prophecy", seems to be some kind of misspelling.
legendary
Activity: 2179
Merit: 1201
You can short your bitcoins, but remember don't cash out them all, possibly you will miss the bus then

Shorting Bitcoin has never been a good idea. Like ever.

Past is over, future begins.

Besides that, shotring BTC was highly lucrative from 2010 on up to now, if you had your maxleverage shotrs executed on a daytarding basis and hedged with a doubling down martingale strategy, as was already outlined by many excellent good sources and CONFIRMERS.

This strategy will be even more lucrative tomorrow.

Dude you must have sold @$480 a month ago and must be very pissed off about that. There is no other explantation why you are only talking bad about BTC.

Or you only try people to force to sell so that you can get cheap coins, what also suggests your username "ice cold".
member
Activity: 112
Merit: 10
Not bad Wink

This might as well come to reality in the future.
sr. member
Activity: 308
Merit: 251
Giga
droves of people are posting around the forum that they lost a lot of money shorting Bitcoin.

Where did they get the idea that they should SHOTR Bitcoin ?
hero member
Activity: 1106
Merit: 500
Life is short, practice empathy in your life
Then you're doing it wrong. Here's a hint: buy low, hodl, sell high.

With a combo of shorting and hodling = you beat the market many times over.

Hodling is for noobs.

Shorting bitcoin for the win. Recently made many nice shotrs thanks to Shrem and Russia.  Smiley
legendary
Activity: 1526
Merit: 1001
Shorting Bitcoin has never been a good idea. Like ever.

lmao.. I made more money shorting bitcoin than hodling.

Then you're doing it wrong. Here's a hint: buy low, hodl, sell high.
hero member
Activity: 1106
Merit: 500
Life is short, practice empathy in your life
Shorting Bitcoin has never been a good idea. Like ever.

lmao.. I made more money shorting bitcoin than hodling.
legendary
Activity: 1526
Merit: 1001
You can short your bitcoins, but remember don't cash out them all, possibly you will miss the bus then

Shorting Bitcoin has never been a good idea. Like ever.

Past is over, future begins.

Besides that, shotring BTC was highly lucrative from 2010 on up to now, if you had your maxleverage shotrs executed on a daytarding basis and hedged with a doubling down martingale strategy, as was already outlined by many excellent good sources and CONFIRMERS.

This strategy will be even more lucrative tomorrow.

What you describe is not the future, it's old fashioned gambling. Daytrading is particularly risky with cryptocurrencies. With bitcoin it makes sense only with large amounts of coins, or the gains are not worth the risk. And alts are so manipulated you can regularly lose a shitload of money when larger shifts happen.
sr. member
Activity: 336
Merit: 250
You can short your bitcoins, but remember don't cash out them all, possibly you will miss the bus then

Shorting Bitcoin has never been a good idea. Like ever.

Past is over, future begins.

Besides that, shotring BTC was highly lucrative from 2010 on up to now, if you had your maxleverage shotrs executed on a daytarding basis and hedged with a doubling down martingale strategy, as was already outlined by many excellent good sources and CONFIRMERS.

This strategy will be even more lucrative tomorrow.
legendary
Activity: 1526
Merit: 1001
You can short your bitcoins, but remember don't cash out them all, possibly you will miss the bus then

Shorting Bitcoin has never been a good idea. Like ever.
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