Topic: SHOTRING BITCOIN: This is a good idea right now - page 3. (Read 8572 times)
Do you see a reason why an increase in volume would cause a proportional rise in price?
I see no reason why would a decrease in volume cause a proportional decrease in price.
Chinese trading volume disappearing = Chinese capitulation = Decrease in market cap by a proportional amount
Similarly to how in Nov/Dec,
Chinese trading volume exploding = Chinese investment = Increase in market cap by a proportional amount
Similarly to how in Nov/Dec,
Chinese trading volume exploding = Chinese investment = Increase in market cap by a proportional amount
It will level out at $200. You will be able to buy lower than that. Just hold your fiat/buy NXT/spend it. Buying BTC now = investing in regret.
Your picture is unclear, I'm guessing you are thinking that the price will fall in the same ratio as the volume would fall?
It will level out at $200. You will be able to buy lower than that. Just hold your fiat/buy NXT/spend it. Buying BTC now = investing in regret.
OP is still waiting for single digits since he shorted Bitcoin the last time. Waiting, waiting... It would not surprise me if it can historically be proven that you earn money by doing the exact opposite of what proudhon says. There might even be a thread about this, search for it. Somehow he reminds me of this guy fontas looking for suckers. So, if you are new to bitcoin this is my one and only warning. Buy if you can, or hold. Period.
OMG, I made new calculations. We can see $3-6 in the next 2 months. Everyone short now!
If we engage in a contract that you will buy 100 BTC from me at $600/btc in six months, is that a short sale?
This is called 'Futures'.
I wonder if I would get any takers?
ICBIT has a futures market.
Shorting bitcoins used to be very profitable on Plus500 because your positions expired monthly instead of daily now since the China explosion.
They also removed the leverage 1;10 so these two things makes it less interesting to short bitocins at Plus500.
The best and only alternative at the moment is to trade Bitcoin with leverage at AvaTrade. Your positions with AvaTrade do not expiry daily so that will give you a better opportunity to profit from short and long positions.
This topic attracted me because I actually own a website revolving around Shorting Bitcoins. You find it in my signature
Good luck.
They also removed the leverage 1;10 so these two things makes it less interesting to short bitocins at Plus500.
The best and only alternative at the moment is to trade Bitcoin with leverage at AvaTrade. Your positions with AvaTrade do not expiry daily so that will give you a better opportunity to profit from short and long positions.
This topic attracted me because I actually own a website revolving around Shorting Bitcoins. You find it in my signature
Good luck.
If we engage in a contract that you will buy 100 BTC from me at $600/btc in six months, is that a short sale?
I wonder if I would get any takers?
I wonder if I would get any takers?
I just realized that I've been neglecting an important aspect of making money off of bitcoin, besides SHOTRING: DAY TARDING! DAY TARDING is perhaps the easiest way to earn money in the short term, and with bitcoin it's so easy for anyone to be a successfull day tarder. So, even if you're already in a SHOTR position, you should DAY TARD a little bit just to make some extra cash.
If you're in the US, DAY TARDING might mean you're obligated to pay short term capital gains tax, but it's only, what, like 35%+-+, and with DAY TARDING in bitcoin you're pretty much guaranteed to make twice that by the hour, it's so easy. In all seriousness, everyone should be doing it. Just read the spec forum to know exactly when to buy and sell and buy and sell and so on.
If you're in the US, DAY TARDING might mean you're obligated to pay short term capital gains tax, but it's only, what, like 35%+-+, and with DAY TARDING in bitcoin you're pretty much guaranteed to make twice that by the hour, it's so easy. In all seriousness, everyone should be doing it. Just read the spec forum to know exactly when to buy and sell and buy and sell and so on.
What do you smoke?
I just realized that I've been neglecting an important aspect of making money off of bitcoin, besides SHOTRING: DAY TARDING! DAY TARDING is perhaps the easiest way to earn money in the short term, and with bitcoin it's so easy for anyone to be a successfull day tarder. So, even if you're already in a SHOTR position, you should DAY TARD a little bit just to make some extra cash.
If you're in the US, DAY TARDING might mean you're obligated to pay short term capital gains tax, but it's only, what, like 35%+-+, and with DAY TARDING in bitcoin you're pretty much guaranteed to make twice that by the hour, it's so easy. In all seriousness, everyone should be doing it. Just read the spec forum to know exactly when to buy and sell and buy and sell and so on.
If you're in the US, DAY TARDING might mean you're obligated to pay short term capital gains tax, but it's only, what, like 35%+-+, and with DAY TARDING in bitcoin you're pretty much guaranteed to make twice that by the hour, it's so easy. In all seriousness, everyone should be doing it. Just read the spec forum to know exactly when to buy and sell and buy and sell and so on.
SHHHOOTTRRRRR 
Ok, I have closed my short with 1.5% loss. It will be recovered by possible 30% profit at the upcoming rally.
We should go up until the end of January, and then major trend reversal.
To those who prayed for me: no need for that.
Cheers.
We should go up until the end of January, and then major trend reversal.
To those who prayed for me: no need for that.
Cheers.
What, you mean this upcoming rally that keeps stopping 1 cent short of every short-sell I try to make?
Fkn viper's with their fkn bots.....no space for genuine punters trying to capitalise on these manufactured 'bounces'. They want to take cash out our pockets, not stuff their cash in our pockets.
Seen enough of trying to buy and then actually sell on short term fluctuations to know that this market is controlled by bots passing Bitcoins between accounts in the attempt to suck in dumb money into the market. So many times have I timed $30 upswings perfectly only to be forced to sell well below ask price in order to guarantee market exit due to not being able to compete with the bots that are setting the phoney market in the first place.
Ok, I have closed my short with 1.5% loss. It will be recovered by possible 30% profit at the upcoming rally.
We should go up until the end of January, and then major trend reversal.
To those who prayed for me: no need for that.
Cheers.
We should go up until the end of January, and then major trend reversal.
To those who prayed for me: no need for that.
Cheers.
OP, so you shortened? We going back to $1000 
All the most vocal shorters seem to have taken profits on the plunge to $765. Only the idiots like me decided that would be a good time to short, although I probably only done it cos I have been wanting to short Bitcoin all the way down and have a pent up frustration that needed released.
OP, so you shortened? We going back to $1000
I agree with proudhon. Bitcoin is in an epic bubble. When it finally pops, a lot of people are going to lose a lot of money
I agree it's in a bubble, but this bubble might well easily extend into the 100 billion (market cap) realm before the sentiment reverses … Just something to keep in mind.Also, in case you hadn't noticed, proudhon is being sarcastic.
edit: Sorry for spoiling it.
This is the longest sarcasm mode I've ever witnessed, its been more than a week since proudhorn switched sarcasm mode on. No signs of it going anytime soon either. Might be the most epic sarcasm mode ever initiated in history.
he's actually not being sarcastic
confirmed sources here http://anarchism.pageabode.com/anarcho/taking-proudhon-seriously
He is always sarcastic, but somehow he always forgets to apply the sarcasm tag.
[/sarcasm]
Have you ever traded on Bitfinex?
Open yourself up an account, go and see for yourself what a cluster fuck the whole place is.
yes I did, it's really not that complicated. however after careful research into it's operation I took everything out as I suspect it will eventually blow up.
if you want some real futures trading try icbit.se, but this one *is* complicated, i.e. you have to know what you are doing first.
SHOTRING bitcoin is such a sure bet that I don't think you really need to know what you're doing. Just send your bitcoin or USD somewhere that mentions SHOTRING (may be spelled slightly different) and click a few buttons, and in a few weeks you'll probably be rich.
Jump to: