SHOTRING BITCOIN: This is a good idea right now - page 4.

MatTheCat

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Quote from: piramida on January 19, 2014, 05:25:32 AM

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.

It is not a question of it being 'too complicated' (so only really clever people can understand it), it is that the interface is laid out in a very ambiguous.

piramida

legendary

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Borsche

Quote from: MatTheCat on January 18, 2014, 12:47:48 PM

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.

skivrmt

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Activity: 994

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Quote from: MatTheCat on January 18, 2014, 12:47:48 PM

Quote from: piramida on January 18, 2014, 12:28:34 PM

Yeah Mat, you are like a builder who, instead of building a house, hits himself on the head with the hammer repeatedly. Good thing the hammer is tiny, still, a wrong way. If you can't figure out the tool, don't use it.

Have you ever traded on Bitfinex?

Open yourself up an account, go and see for yourself what a cluster fuck the whole place is.

If I had done, what I set out to do, I would be $200 up by now, not $200 down.

The way the trading web page is set up is a bit like one of those advertisements that intentionally makes ambiguous statements and claims about a product or service designed to mislead the consumer, but allows the company a plausible get out clause should any litigation ensue.

So so so fkn easy to hit the wrong button on Bitfinex, thinking you are executing one action only for something completely different to be carried out in your name and with your money.

Just think how many times you have went to download a freeware program, only to be hit by a lot of bloatware 'DOWNLOAD HERE' banners, only for the genuine download link to be obscurely tucked away in the bottom corner of the page in size 10 font, that is how Bitfinex is.

The problem is I don't think there are any, or if any now, Bitcoins available to short on Bitfinex. And even if there are, the loan fees and fees for tradings would eat into any profit you would make from shorting unless it's a large amount of Bitcoins. Then we go back to the problem there aren't enough coins available.

MatTheCat

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Quote from: piramida on January 18, 2014, 12:28:34 PM

Yeah Mat, you are like a builder who, instead of building a house, hits himself on the head with the hammer repeatedly. Good thing the hammer is tiny, still, a wrong way. If you can't figure out the tool, don't use it.

Have you ever traded on Bitfinex?

Open yourself up an account, go and see for yourself what a cluster fuck the whole place is.

If I had done, what I set out to do, I would be $200 up by now, not $200 down.

The way the trading web page is set up is a bit like one of those advertisements that intentionally makes ambiguous statements and claims about a product or service designed to mislead the consumer, but allows the company a plausible get out clause should any litigation ensue.

So so so fkn easy to hit the wrong button on Bitfinex, thinking you are executing one action only for something completely different to be carried out in your name and with your money.

Just think how many times you have went to download a freeware program, only to be hit by a lot of bloatware 'DOWNLOAD HERE' banners, only for the genuine download link to be obscurely tucked away in the bottom corner of the page in size 10 font, that is how Bitfinex is.

Dafar

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dafar consulting

Quote from: T.Stuart on January 18, 2014, 12:35:42 PM

Quote from: Dafar on January 18, 2014, 12:34:07 PM

Quote from: raskul on January 17, 2014, 11:31:16 AM

Quote from: Dafar on January 17, 2014, 11:17:53 AM

Shorting at 750...

oops. good luck with that!

Why thank you... looks like I'm almost there!

You mean it has to go to $750 before you break even? Please explain the deal you bought. At what price is the margin call?

Yes I did a margin sell at $750 with order type 'stop'.

but honestly I have no clue what I'm doing... just playing around with thousands of dollars, its fun

T.Stuart

hero member

Activity: 644

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One Token to Move Anything Anywhere

Quote from: Dafar on January 18, 2014, 12:34:07 PM

Quote from: raskul on January 17, 2014, 11:31:16 AM

Quote from: Dafar on January 17, 2014, 11:17:53 AM

Shorting at 750...

oops. good luck with that!

Why thank you... looks like I'm almost there!

You mean it has to go to $750 before you break even? Please explain the deal you bought. At what price is the margin call?

Dafar

legendary

Activity: 1330

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dafar consulting

Quote from: raskul on January 17, 2014, 11:31:16 AM

Quote from: Dafar on January 17, 2014, 11:17:53 AM

Shorting at 750...

oops. good luck with that!

Why thank you... looks like I'm almost there!

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Yeah Mat, you are like a builder who, instead of building a house, hits himself on the head with the hammer repeatedly. Good thing the hammer is tiny, still, a wrong way. If you can't figure out the tool, don't use it.

T.Stuart

hero member

Activity: 644

Merit: 500

One Token to Move Anything Anywhere

Quote from: MatTheCat on January 18, 2014, 12:21:23 PM

Quote from: fonzie on January 17, 2014, 03:04:29 PM

Shotr Shotr Shotr! It´s not too late. 80-90% more capitulation are ahead of us!

Is the only place to short Bitcoin Bitfinex?

I just shorted myself big style on that piece of shit nonsense exchange. I thought I was making trailing stop orders and a stop order to exit the market should two different conditions be met, what I actually did was went long on margin in a fkn falling market.

Most bloody retarded poorly laid out bamboozling shoddy financial exchange that I ever seen.

Who ever is responsible for setting that dyslexic crap up is a bloody idiot, a conman, or both.

due to not knowing what the fuck was going on or what this retarded exchange was doing with my money, I cancelled everything on the spot.

$200 down in an instant!

Fkn horrible place.

Not again!

Change camps MatTheCat.

Honestly, in this case the grass is actually much greener on the other side (side of the investor). if you try to make a fast buck every day this will keep happening.

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: fonzie on January 17, 2014, 03:04:29 PM

Shotr Shotr Shotr! It´s not too late. 80-90% more capitulation are ahead of us!

Is the only place to short Bitcoin Bitfinex?

I just shorted myself big style on that piece of shit nonsense exchange. I thought I was making trailing stop orders and a stop order to exit the market should two different conditions be met, what I actually did was went long on margin in a fkn falling market.

Most bloody retarded poorly laid out bamboozling shoddy financial exchange that I ever seen.

Who ever is responsible for setting that dyslexic crap up is a bloody idiot, a conman, or both.

due to not knowing what the fuck was going on or what this retarded exchange was doing with my money, I cancelled everything on the spot.

$200 down in an instant!

Fkn horrible place.

The Bitcoin Foundation

newbie

Activity: 42

Merit: 0

Quote from: T.Stuart on January 17, 2014, 01:36:02 PM

Quote from: The Bitcoin Foundation on January 17, 2014, 01:28:22 PM

Short $850

Long $550

boom

For someone called "The Bitcoin Foundation" you don't seem very responsible to me. Grin

What? Why? Learn to read a chart. Learn to make more BTC

If you buy and hold why check daily price fluctuations? We all know most have an agenda to sell higher to next guy. We try to save people from getting dumped on. Again look at a weekly chart. Look at price action POST bubble pop. You can go back to $1 doesnt matter. Play the 30 Week EMA if your going to buy nothing above that. Short the 7 Week EMA til it hits the 30, nothing less. Easy $

But this takes months to work out not days so we can actually go up from here but one way or another what im telling you will play out.

fonzie

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Moderator

Shotr Shotr Shotr! It´s not too late. 80-90% more capitulation are ahead of us!

pera

sr. member

Activity: 532

Merit: 261

バカ

i am ok with troll posts in this subforum, but troll threads? that's too much, even for me... please move along, there's nothing to see here

davidgdg

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Activity: 551

Merit: 501

Quote from: proudhon on January 17, 2014, 11:07:38 AM

With so much bad news, as documented here and here, and so much more to come, combined with the fact that bitcoin's utility has been exhausted and its market share is saturated, it's pretty clear that the only way from here is down, in virtually all time frames (definitely medium to long term, it might bounce up just a little, but it will only be a temporary wobble on the way down). Many of us around here know this, and we post about it often in order to help people.

This thread is a place to discuss the best ways to SHOTR bitcoin for maximum profit. Post you tips and best successes here.

Selling OTC call options is the way to go. No need to own any BTC. With BTC going to zero on all the bad news, it's free money. Hardly any risk at all.

GigaCoin

sr. member

Activity: 308

Merit: 251

Giga

Quote from: michaelGedi on January 17, 2014, 01:48:10 PM

Quote from: podyx on January 17, 2014, 01:02:36 PM

Quote from: N12 on January 17, 2014, 11:12:35 AM

Quote from: BrightAnarchist on January 17, 2014, 11:09:39 AM

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. Tongue

blitz, u actually believe bitcoin is a bubble?

what a stupid question of course he does, who can deny confirmed facts and well respected sources?

detailed and comprehensive info here: http://www.youtube.com/watch?v=A7TuFy0fcuw&hd=1

i remember this, good times Cheesy

N12

donator

Activity: 1610

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Quote from: podyx on January 17, 2014, 01:02:36 PM

Quote from: N12 on January 17, 2014, 11:12:35 AM

Quote from: BrightAnarchist on January 17, 2014, 11:09:39 AM

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. Tongue

blitz, u actually believe bitcoin is a bubble?

Based on the mentality and community that has built around it, I sincerely do. Here is a thread that I liked on this subject. This doesn't help you a bit with trading it, however. It can go on for far longer and higher than any bear can stomach. Perhaps at its end, Krugman will laud it. Cheesy

michaelGedi

sr. member

Activity: 364

Merit: 250

"to be or not to be, that is the bitcoin"

Quote from: podyx on January 17, 2014, 01:02:36 PM

Quote from: N12 on January 17, 2014, 11:12:35 AM

Quote from: BrightAnarchist on January 17, 2014, 11:09:39 AM

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. Tongue

blitz, u actually believe bitcoin is a bubble?

what a stupid question of course he does, who can deny confirmed facts and well respected sources?

detailed and comprehensive info here: http://www.youtube.com/watch?v=A7TuFy0fcuw&hd=1

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

Quote from: John999 on January 17, 2014, 11:33:05 AM

Is there a way to short the altcoins?

bitfinex can short ltc i believe

T.Stuart

hero member

Activity: 644

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One Token to Move Anything Anywhere

Quote from: The Bitcoin Foundation on January 17, 2014, 01:28:22 PM

Short $850

Long $550

boom

For someone called "The Bitcoin Foundation" you don't seem very responsible to me. Grin

The Bitcoin Foundation

newbie

Activity: 42

Merit: 0

Short $850

Long $550

boom

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