This is why you DON'T want go short now 84% of the bearish options has wiped out

wxa7115

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Quote from: unusualfacts30 on April 15, 2021, 11:04:14 AM

Most of my trades are long but shorting can be beneficial if you do it during correction, it still comes with a risk during bull market so it's probably easier to long and see your investment grow. Shorting during bull market will probably bring you sleepless night.

Attaching correct indicators to follow the market trend works fine as long as you are not trying to hold onto your short trade for long term. Just slight pump can close short trades like we've seen happened so many times.

This is something that I have dedicated some time to study and in my opinion it is simply not worth it to short the market, I know we have seen very important crashes but the overall direction of this market is up, if bitcoin was an asset that showed a ranging behaviour and small trends there could be an argument to be made that shorting it makes sense.

But we know this market has the tendency to go on long bull markets a fast crash and then periods of inactivity, with that in mind if you are going to trade it is better to just go long and when you think the market will go down then just stay out of it until you can go long again.

unusualfacts30

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Most of my trades are long but shorting can be beneficial if you do it during correction, it still comes with a risk during bull market so it's probably easier to long and see your investment grow. Shorting during bull market will probably bring you sleepless night.

Attaching correct indicators to follow the market trend works fine as long as you are not trying to hold onto your short trade for long term. Just slight pump can close short trades like we've seen happened so many times.

Sinjokubhi

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Sinjokubhi

Quote from: maxreish on March 24, 2021, 03:56:54 AM

That's what you called, "bad timing", it is not good idea to continue to go bearish while it is strong indication that bitcoi is bullish. Except if you go short entry and exit suddenly after small corrections.

But if you correctly read some good indicators with of course stop loss then you dont stucked with your bad entry.

It is true, we must be able to read as well as analyze the indicators that cause something to happen correctly, but sometimes the results of our readings miss, therefore, as you said stop loss also needs to be used to anticipate this. Because stop loss is a safety for traders. This feature allows us to navigate the stock market even after a very violent storm. Stop loss means that we will always have the capital to return to profit from the stock market and also keep us from running out of capital.

From a psychological perspective, stop losses help clear your mind when trading. Trader psychology becomes less burdened because after all, he has set the maximum loss that will be borne for each trade made. Stop loss can provide a sense of calm because we have set the loss level at the point where we can accept it without regret. The point where we can sincerely accept the loss of money and quickly move on to look for new opportunities for profit.

In essence, stop loss is a way for us to get through unexpected situations smoothly.

wxa7115

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Quote from: slaman29 on April 04, 2021, 10:43:12 AM

Quote from: Pamadar on April 04, 2021, 01:55:58 AM

Once the market jumped high those people will surely regret shorting the market.

It's tough to anticipate so better to aim for long term investment, whatever happened you'll not going to panic as you set your
goals for long term and you are willing to wait till it achieved your target value. Most of the time it's up to how you understand
the market and how willing you are holding and waiting for the right time.

Can't agree more. We just have to accept that for most of us, we'll never have enough time or expertise to do this the way it deserves. Which makes hodling simply the best option there is out there. I bet you, most traders will regret wasting all that time trading when they could have made much more just buying and holding (and actually going out and earn with a real job).

Not only that even if some traders earn money when you begin to think of the taxes and fees they need to pay then you realize that the majority of them never beat the markets at all, if the market by itself grows 10% they only get like 5% in profits.

This means that it would have been more profitable and easier to just hold your assets, by the way holding is not only the best strategy in bitcoin, it is also the best strategy that you can use in the stock market which is why fundamental analysis is a better tool for predicting future outcomes than technical analysis will ever be.

Silberman

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Quote from: Pamadar on April 04, 2021, 01:55:58 AM

Quote from: Silberman on April 03, 2021, 10:37:26 PM

Sometimes it is really difficult to know what are people thinking, who is shorting the market? It is true that the price of bitcoin has been relatively stable during the last weeks but the price is not going down, and all the factors that we can see clearly point out to the fact that the price is going to keep increasing, quite honestly anyone that is shorting the market right now deserves to lose their money as they are just delaying the inevitable, and they're going to have no coins or capital when the price keeps increasing.

Once the market jumped high those people will surely regret shorting the market.

It's tough to anticipate so better to aim for long term investment, whatever happened you'll not going to panic as you set your
goals for long term and you are willing to wait till it achieved your target value. Most of the time it's up to how you understand
the market and how willing you are holding and waiting for the right time.

And when we add that at most you can earn 100% of your capital when you short the market which is nothing compared to the profits you can get when you go long shorting makes no sense, if a person thinks the price can go down then just go to fiat or to one of the many stable coins available and then get back in the market when you think it is going to go up, and what it is worse is that many traders short the market and use leverage as well meaning that in the case they are wrong they can even lose more capital than what they had available in their exchange accounts.

Willitivity

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Its a bull run for God sake, why would someone think of shorting bitcoin right now in a bullish trend, trying to go against the trend isn't wise at all, I thought this is added to one of the basic rules about trading never go against the trend, people shorting bitcoin now will surely get Rekt cause there are tons of whales interested in bitcoin now, who are ready to add more bitcoin to their portfolio each time it dips, liquidation serves them right next time they won't think of shorting during a bullish trend.

doomloop

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Quote from: nikolastech on March 23, 2021, 06:56:09 PM

This is why YOU DO NOT WANT TO GO SHORT NOW: BTC options
While the upcoming $6 billion Bitcoin options are about to expire, around 43% have already been deemed worthless. With the remaining open interest, Bitcoin bulls are mainly in control as the cryptocurrency’s price surge to its recent all-time high has wiped out 84% of the bearish options. https://www.forexcrunch.com/bitcoin-holders-expect-high-volatility-as-roughly-100000-btc-options-contracts-expire-friday/

Thats why all biggest whales buying not selling Wink

It’s been a long time when I got to know about Coinmatics, I even knew the website when it was new, although I have not used it because I am not into day trading, I am usually just into HODL, and that’s been it for me. But I like the platform and they have really developed over the years.

I also know how it works, you choose traders to follow based on their stats and then you link your trading account (let’s say Binance) and then you can start trading by copying the experts that you’re following. I don’t know about the other websites that were mentioned on the article, but would be best that I check them out and see how they really work,, it’s good to get to know all these things, they will be really helpful.

tvplus006

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Opening a position against the market movement always has a high risk. And those who take a short position in a bull market are most often satisfied with a small percentage of the profit, incommensurable with what they can lose. It is obvious that such traders who open short positions are sure that the growth in the price of BTC has already exhausted itself.

sana54210

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Quote from: Pamadar on April 04, 2021, 01:55:58 AM

Once the market jumped high those people will surely regret shorting the market.

It's tough to anticipate so better to aim for long term investment, whatever happened you'll not going to panic as you set your goals for long term and you are willing to wait till it achieved your target value. Most of the time it's up to how you understand the market and how willing you are holding and waiting for the right time.

Short futures people always end up regretting in the end, there are times in small period of time they end up winning something but that is rare and I think it is not going to be that frequent in the future neither. So, there are just people who end up thinking that they can do something like that and hope that bitcoin will go down and they think they can make money?

Bitcoin is pegged against the dollar price, dollar is an inflationary fiat currency that had nearly 5 trillion printed in the last 1 year, how can you expect it to be more valuable than bitcoin? This is why I think it is quite obvious that we can't expect anything from these people and they will end up losing most of the time. Of course there are moments when long futures people have a lot of profit, so I am not against futures as a whole, I just think if you plan on doing it, you should do long.

slaman29

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Quote from: Pamadar on April 04, 2021, 01:55:58 AM

Once the market jumped high those people will surely regret shorting the market.

It's tough to anticipate so better to aim for long term investment, whatever happened you'll not going to panic as you set your
goals for long term and you are willing to wait till it achieved your target value. Most of the time it's up to how you understand
the market and how willing you are holding and waiting for the right time.

Can't agree more. We just have to accept that for most of us, we'll never have enough time or expertise to do this the way it deserves. Which makes hodling simply the best option there is out there. I bet you, most traders will regret wasting all that time trading when they could have made much more just buying and holding (and actually going out and earn with a real job).

Pamadar

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Quote from: Silberman on April 03, 2021, 10:37:26 PM

Quote from: nikolastech on March 23, 2021, 06:56:09 PM

This is why YOU DO NOT WANT TO GO SHORT NOW: BTC options
While the upcoming $6 billion Bitcoin options are about to expire, around 43% have already been deemed worthless. With the remaining open interest, Bitcoin bulls are mainly in control as the cryptocurrency’s price surge to its recent all-time high has wiped out 84% of the bearish options. https://www.forexcrunch.com/bitcoin-holders-expect-high-volatility-as-roughly-100000-btc-options-contracts-expire-friday/

Thats why all biggest whales buying not selling Wink

Sometimes it is really difficult to know what are people thinking, who is shorting the market? It is true that the price of bitcoin has been relatively stable during the last weeks but the price is not going down, and all the factors that we can see clearly point out to the fact that the price is going to keep increasing, quite honestly anyone that is shorting the market right now deserves to lose their money as they are just delaying the inevitable, and they're going to have no coins or capital when the price keeps increasing.

Once the market jumped high those people will surely regret shorting the market.

It's tough to anticipate so better to aim for long term investment, whatever happened you'll not going to panic as you set your
goals for long term and you are willing to wait till it achieved your target value. Most of the time it's up to how you understand
the market and how willing you are holding and waiting for the right time.

so98nn

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Quote from: LUCKMCFLY on March 31, 2021, 10:22:30 PM

Quote from: doctor877 on March 31, 2021, 05:45:16 PM

[...]

[...]
This may be reason enough to be in LONG, or just to be in Hodl. Another reason is that Bitcoin does not break the first time, there are always or there are some corrections, perhaps many expect to be short when it reaches $ 100k, before it is not very possible that it will fall.

The fact that we are still discussing about the bitcoins long term vision of $100k is living proof that we will get there for sure. We are already 60% up for the goal and achieving the remaining 40% is not a big deal. On one side we are 99% reaching the 2 billion market cap which will motivate the people around the world for sure. Mostly the whale investors, since they know very well that such market cap means lifetime security of their funds and more profit along the way!

So there is possibility that we will be hiking limitless over the time. It's just about the time when we will hit the trigger to reach that ATH.

Silberman

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Quote from: nikolastech on March 23, 2021, 06:56:09 PM

This is why YOU DO NOT WANT TO GO SHORT NOW: BTC options
While the upcoming $6 billion Bitcoin options are about to expire, around 43% have already been deemed worthless. With the remaining open interest, Bitcoin bulls are mainly in control as the cryptocurrency’s price surge to its recent all-time high has wiped out 84% of the bearish options. https://www.forexcrunch.com/bitcoin-holders-expect-high-volatility-as-roughly-100000-btc-options-contracts-expire-friday/

Thats why all biggest whales buying not selling Wink

Sometimes it is really difficult to know what are people thinking, who is shorting the market? It is true that the price of bitcoin has been relatively stable during the last weeks but the price is not going down, and all the factors that we can see clearly point out to the fact that the price is going to keep increasing, quite honestly anyone that is shorting the market right now deserves to lose their money as they are just delaying the inevitable, and they're going to have no coins or capital when the price keeps increasing.

CryptopreneurBrainboss

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Quote from: Expecto on March 25, 2021, 10:01:13 AM

I wonder whether we are still in a bull run. Because the price has started to come down again and I saw the price at $50.9k the least today and it is $51.5k now. If this decrease continues in the coming days, I will start doubting really much about the possibility that bear market has come again. But I don't think going short is a clever thing with Bitcoin and I won't change my mind whatever happens in the coming days.

We're still bullish and the whole sentiment around the market says so, we had bullish news of recent which saw the market experience a sudden spike. This is just a mere correction that had to follow the sudden spike of bitcoin. Don't misunderstand it as a dumping signal, that's most likely not going to happen anytime soon.

Bitcoin will likely get to the $100k trading m2ark before the market sentiment begin to change due to trader taking profits and setting up stoploss to minimized their chances of losing in the trade incase there's suddenly a dumping energy in the market due to some sudden fud or market correction.

el kaka22

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Quote from: ven7net on April 02, 2021, 09:29:00 AM

The rise in the price of BTC in 2021 showed that it is very dangerous to play short, as the price shows a new peak each time. I believe that this situation will last until the end of the year and the price of BTC can grow very high. Of course, there are also small price corrections, but if you short in the long term, then you are doomed to fail. For traders, the situation in the market is now very dangerous, since the price of BTC is now very unstable and its fluctuations are very high. Personally, I have decided now to just hold my BTC roughly until the end of 2021.

There was a lot of people who assumed that we would end up with dropping eventually, this started at around 20k price because people assumed we failed last time and the same would happen this time around as well, that's what the initial thinking was like. After that we increased to 25k then to 30k then to 35k and basically kept going up and up.

This made those same people go lower in number but the ones that kept thinking the same thing and didn't change their ideas end up thinking "it didn't drop at 20k , it will drop this time for sure!" and kept shorting. Eventually as we can see now that most of them lost and they do not have anything at all that would show for a profit. I think shorting bitcoin which is a coin that keeps going up constantly against the devaluing dollar is a bad idea but there are a lot of people who keep doing that for some reason.

ven7net

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Quote from: nikolastech on March 23, 2021, 06:56:09 PM

This is why YOU DO NOT WANT TO GO SHORT NOW: BTC options
While the upcoming $6 billion Bitcoin options are about to expire, around 43% have already been deemed worthless. With the remaining open interest, Bitcoin bulls are mainly in control as the cryptocurrency’s price surge to its recent all-time high has wiped out 84% of the bearish options. https://www.forexcrunch.com/bitcoin-holders-expect-high-volatility-as-roughly-100000-btc-options-contracts-expire-friday/

Thats why all biggest whales buying not selling Wink

The rise in the price of BTC in 2021 showed that it is very dangerous to play short, as the price shows a new peak each time. I believe that this situation will last until the end of the year and the price of BTC can grow very high. Of course, there are also small price corrections, but if you short in the long term, then you are doomed to fail. For traders, the situation in the market is now very dangerous, since the price of BTC is now very unstable and its fluctuations are very high. Personally, I have decided now to just hold my BTC roughly until the end of 2021.

LUCKMCFLY

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Quote from: doctor877 on March 31, 2021, 05:45:16 PM

Bull run will happen in stages which will have some little little set backs to gather momentum for next move. Attempting to short at this little price dips require a great carefulness and expertise. So if you can't be disciplined to do shortly then you just need to concentrate on the upward side.

I think the same, maybe the short operations at the moment those traders who do them should be very cautious because they can be high risk to lose, according to what has been seen through the news is positive news.

Quote

A potential price peak this year, with previous behavior as context, could be as much as $400,000 per coin, the chart shows. This dwarfs other estimates, such as that of stock-to-flow, which calls for an average of $288,000 between now and 2024.

Source: https://cointelegraph.com/news/bitcoin-can-reach-400k-in-2021-as-risk-off-reserve-asset-bloomberg

This may be reason enough to be in LONG, or just to be in Hodl. Another reason is that Bitcoin does not break the first time, there are always or there are some corrections, perhaps many expect to be short when it reaches $ 100k, before it is not very possible that it will fall.

doctor877

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Bull run will happen in stages which will have some little little set backs to gather momentum for next move. Attempting to short at this little price dips require a great carefulness and expertise. So if you can't be disciplined to do shortly then you just need to concentrate on the upward side.

wxa7115

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Quote from: AicecreaME on March 25, 2021, 08:09:59 PM

Quote from: TravelMug on March 23, 2021, 07:07:34 PM

Yeah, it doesn't really make sense to short during bull run as you will definitely get REKT.

I remember there was a thread somewhere advising to short BTC, LMAO, either he/she didn't know how the crypto market works, or just wanted traders to lose their money. As fas as the $6 billion worth about to expire or has expired already, this is just another blip if we see the price goes down, in the next 3 days after the expiration, the price could slowly increase again to maybe $60k or new all time high.

Exactly.

I mean, everybody who trades against the trend will obviously going to be destroyed, like why would you do such thing especially if you're doing day Trading, that's a very classic profit burner, that's why you have to always update yourself on the current news about cryptocurrency because it always affect the price chart movement.

Trading blind or randomly will not give you profits always, if you happened to make one, then it is probably just because you're lucky in that day, but you don't have to make it a habit if you really wanted to be a professional trader.

I think those people are called counter trading traders or something like that and is probably the dumbest strategy that anyone will ever devise, it is known that the markets once they begin to trend have the tendency and the desire to keep trending, going against the trend is incredibly risky, it doesn't matter if you think that the trend is not justified because the underlying asset doesn't have the right fundamentals.

No one really cares about that, people care about making money and if you see a strong asset like bitcoin going up in value which has the right fundamentals it is even crazier to go against it.

palle11

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Quote from: ?? on ??

Its foolish to short right now after a huge price correction, maybe some are waiting for a big dump to atleast $20k but it will not go down especially in a bullrun where most people got left behind by the train. Some bears are purposely dipping the price to cause a shake out, but the market keeps pumping anyways. I'm not selling anytime soon, this is all noise.

Seller can't be waiting for such deep down to 20k, that may not happen as the big buyers keep hodling. If small investors drop their hodling, it will not cause any shake up or panic. I have seen speculation for 60k and with the little drop and long bull, that price looks realistic because bitcoin keeps going higher after every down.

error08

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When bitcoin hit $60k a week ago, that's the point to take profits, after the correction has come, daily traders looking for such an event to stacked more coins, hence whoever short at the bottom after correction will regret it eventually, too late to sell at this point when bitcoin predicted to recover soon after the expiration date of the options as people will buyback for sure. Bitcoin should recover in the next week, it's time to buy more coins not the other way around.

slaman29

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Quote from: adaseb on March 25, 2021, 11:57:14 PM

I think we might get something similar to what happened last month when the options expired. It also had tons of open interest. 2 Days after the February expiry we bottom and proceeded to make a new ATH. In January similar situation, we bottom a few days after the options expired.

Dec 2020 doesn't really apply here because we were on a constant uptrend in those days, BTC kept going up and up before and after expiry so it had no effect. So I am assuming we get something similar this time around. Most likely we will recover in April, make new ATH in mid April and start to go back down at the end of April.

Does it matter what kind of price the options were at or is it just the volume of options. And was this also the same situation in the crypto winter in 2018 and 2019? Or were options expiry not yet a thing at that point?

Curious to know because if it becomes predictable then surely there is some way people make money here around options dates.

adaseb

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I think we might get something similar to what happened last month when the options expired. It also had tons of open interest. 2 Days after the February expiry we bottom and proceeded to make a new ATH. In January similar situation, we bottom a few days after the options expired.

Dec 2020 doesn't really apply here because we were on a constant uptrend in those days, BTC kept going up and up before and after expiry so it had no effect. So I am assuming we get something similar this time around. Most likely we will recover in April, make new ATH in mid April and start to go back down at the end of April.

Kemarit

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Quote from: AicecreaME on March 25, 2021, 08:09:59 PM

Quote from: TravelMug on March 23, 2021, 07:07:34 PM

Yeah, it doesn't really make sense to short during bull run as you will definitely get REKT.

I remember there was a thread somewhere advising to short BTC, LMAO, either he/she didn't know how the crypto market works, or just wanted traders to lose their money. As fas as the $6 billion worth about to expire or has expired already, this is just another blip if we see the price goes down, in the next 3 days after the expiration, the price could slowly increase again to maybe $60k or new all time high.

Exactly.

I mean, everybody who trades against the trend will obviously going to be destroyed, like why would you do such thing especially if you're doing day Trading, that's a very classic profit burner, that's why you have to always update yourself on the current news about cryptocurrency because it always affect the price chart movement.

Trading blind or randomly will not give you profits always, if you happened to make one, then it is probably just because you're lucky in that day, but you don't have to make it a habit if you really wanted to be a professional trader.

Yup, that's it. I don't know who are going to short during a bull run though, maybe they got lucky and squeeze some profits, but this is not the way to make money in a bull run. Perhaps those traders who listen to others, influence by them to do this kind of trading activity.

And then later they found out that it is wrong though, and it's riskier than they initially thought about. Maybe a good way to learn their lessons, but it's very expensive.

AicecreaME

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Quote from: TravelMug on March 23, 2021, 07:07:34 PM

Yeah, it doesn't really make sense to short during bull run as you will definitely get REKT.

I remember there was a thread somewhere advising to short BTC, LMAO, either he/she didn't know how the crypto market works, or just wanted traders to lose their money. As fas as the $6 billion worth about to expire or has expired already, this is just another blip if we see the price goes down, in the next 3 days after the expiration, the price could slowly increase again to maybe $60k or new all time high.

Exactly.

I mean, everybody who trades against the trend will obviously going to be destroyed, like why would you do such thing especially if you're doing day Trading, that's a very classic profit burner, that's why you have to always update yourself on the current news about cryptocurrency because it always affect the price chart movement.

Trading blind or randomly will not give you profits always, if you happened to make one, then it is probably just because you're lucky in that day, but you don't have to make it a habit if you really wanted to be a professional trader.

Ridwan Fauzi

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Making short entry at the bull run season has a high risk. Because the information that come especially bad information will not directly give an effect to the holder.

They will see the movement price first before making a decision, differenr when they get a good information then they will not thinking a long time they will buy bitcoin and store then for long term.

As you can see now, bitcoin price movement is remain stand when there are a lot of a bad news comes and just for a sideaway market. It will be different if there are good infoemation comes then I believe its price will touch new all time high.

wxa7115

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Quote from: nikolastech on March 23, 2021, 06:56:09 PM

This is why YOU DO NOT WANT TO GO SHORT NOW: BTC options
While the upcoming $6 billion Bitcoin options are about to expire, around 43% have already been deemed worthless. With the remaining open interest, Bitcoin bulls are mainly in control as the cryptocurrency’s price surge to its recent all-time high has wiped out 84% of the bearish options. https://www.forexcrunch.com/bitcoin-holders-expect-high-volatility-as-roughly-100000-btc-options-contracts-expire-friday/

Thats why all biggest whales buying not selling Wink

I wonder what kind of masochist shorts bitcoin during a bull run, I am not in favour of shorting bitcoin ever but if we were in a bear market or even in a market that has presented sideways movement for months then I could at least get it at an intellectual level.

But shorting bitcoin now? It is true there is a slight downward correction but that is normal in most bull markets, unless you can time the top perfectly the current correction is not going to be enough to obtain profits, and when we add the fees and the taxes you should pay for your trades then you would have been better off by just holding your coins.

pixie85

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It's not hard to see that we had a new high followed by a correction and another new high that we're correcting from now. There's no bull market reversal, no big dump from ATH only a slow bleed as traders take profit. Those traders will buy back at lower levels, levels higher than the last dip of 43000.

When you see a real top you'll see the bubble has popped. We will correct about 50% in 1 day, just like in 2013 and 2018. If I had no coins now I'd be setting up for a buy at 45-48 thousand.

bryant.coleman

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In the cryptocurrency market, every year we normally have a few bearish phases during the last 2-3 weeks of March. I am not 100% sure about what causes this, but the fact that March is the last month of the financial year plays a large part in this price correction. I expect the markets to recover by the second week of April. Those who sell their coins now are going to regret when the next rally start in a matter of weeks.

carlisle1

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Most of the time. They are creating such topic to scare those weak holders and start to sell out their assets,

Better not give them what they want rather to continue doing your own assessments and understanding, it will depend from how you percept your investment.

Quote from: lifeforcepools on March 25, 2021, 09:47:40 AM

Such topics are created by bears in order for the price to continue to fall?

Quote from: ?? on ??

Taking a short during a bull run is a risky act that can leave you sad because you may jump in at the wrongest time, but if I must say this is the best time to make an entry as the bitcoin price have dump down from it previous all time high.

Good point to position your investment but make sure to have additional set back plans,

In case Bitcoin price fall for more, you should ready yourself not to lose hope and not to lose your invested money, shorting id for those who knows
what's their doing and those who understand and value each opportunities to earn.

Ararbermas

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Quote from: Expecto on March 25, 2021, 10:01:13 AM

I wonder whether we are still in a bull run. Because the price has started to come down again and I saw the price at $50.9k the least today and it is $51.5k now. If this decrease continues in the coming days, I will start doubting really much about the possibility that bear market has come again. But I don't think going short is a clever thing with Bitcoin and I won't change my mind whatever happens in the coming days.

don't lose hope about the results of BTC on this past couple of days, because it's normal scenario mate, especially when there is a correction of price wherein indeed sometimes it just happen before it bouncing back to the ATH or when its trying to reach more than what we are expecting.. So just relax because shorting isn't easy, keep holding instead of doubting on what are the possible things to happen. its useless , especially worrying about the negative results in the future . It can cause panic! .. So think positive always.. Take a break and drink some wine, just relax mate..

Expecto

member

Activity: 980

Merit: 12

I wonder whether we are still in a bull run. Because the price has started to come down again and I saw the price at $50.9k the least today and it is $51.5k now. If this decrease continues in the coming days, I will start doubting really much about the possibility that bear market has come again. But I don't think going short is a clever thing with Bitcoin and I won't change my mind whatever happens in the coming days.

lifeforcepools

sr. member

Activity: 616

Merit: 253

Such topics are created by bears in order for the price to continue to fall?

Lordhermes

sr. member

Activity: 1232

Merit: 379

Quote from: lixer on March 25, 2021, 07:46:05 AM

The op is right of course, anyone that’s telling people to short at this time is either not aware of what they are doing or just wants to misleading other traders, which is probably not going to make any sense at all since that’s not going to be helping them in a way that they think it’s going to be. They just don’t know what they are doing for sure.

The best time of entry is now, I dont know what had cause the massive down in prices but the best and accurate time to enter the market is now, definitely, Bitcoin price will be going high in the future more than the current bear at the moment. Newbies certainly will short their bitcoin selling at loss because of fear.

so98nn

hero member

Activity: 2114

Merit: 603

The golden rule is you never sell when it's bearish, you actually hunt for more coins. Tongue

Obviously we have experienced all the terms once in a while such as FOMO, Panic sells, and that's what we will see in reality now. Since couple of days it seems bitcoin is grabbing attention of everyone. More than half of the investors constitute of panic sellers. So let's just wait for them to do there panic thing and once the market is way low, just buy!

I follow step by step process in these times! Like. if bitcoin drops 500+ bucks, then put some fiat into it, then more for another 500+ bucks and then keep repeating it until it stabilises. Cheesy

hatshepsut93

legendary

Activity: 3024

Merit: 2148

Shorting Bitcoin in bull market requires good timing to catch correction. And if you can short at the top of the market cycle, you can reap massive profits, which many traders hope for. Similarly, it can be hard to go long in a bear market, when the price keeps falling and falling. Even recently some longs got liquidated during corrections. Trading with leverage is always risky on a volatile market, that's kinda the point of it.

lixer

hero member

Activity: 2688

Merit: 588

Sure this increase what we are all looking forward and it is happening for sure , the price is not going down soon , a lot of money has gone into Bitcoin a lot of money that belongs to the big institutions and it has helped push the price to this current level price and it is going down from there, lots of them are going to holding for a very long time and now we also have lots of retail investors buying daily, so that very much helping the market to reach a higher level every time.

The op is right of course, anyone that’s telling people to short at this time is either not aware of what they are doing or just wants to misleading other traders, which is probably not going to make any sense at all since that’s not going to be helping them in a way that they think it’s going to be. They just don’t know what they are doing for sure.

kryptqnick

legendary

Activity: 3248

Merit: 1402

Join the world-leading crypto sportsbook NOW!

While it sounds like a lot of money, these are options contracts which give the right to buy/sell BTC. It doesn't mean that the actual BTC would be moved significantly as the contracts expire. I'm not saying that people should sell BTC because of the upcoming expiration date, but I don't think they should feel bullish either. As the article from the original post claims, the last time something similar happened on January 29 with a $4 billion contract expiry if I understood this correctly. Looking at the price charts around this date, there was no significant change of the price, just a brief jump on that day from $33k to $37.5k, and then back to $33k within two days. Such an event can be something to benefit from if a person is interested in trading, but it's not important in the long run.

Bilgent

member

Activity: 518

Merit: 13

There are still people who are expecting and hoping the price to come down to 15-20k dollars soon but I don't think such thing will happen in the near future. And when it comes to going short, I don't think it would be a wise choice as Bitcoin seems to be still in the bull market. So still many people are waiting for another boom in the price in 2021.

lifeforcepools

sr. member

Activity: 616

Merit: 253

Short now this is the wrong decision, we need a completely different tactic.

maxreish

sr. member

Activity: 1330

Merit: 326

That's what you called, "bad timing", it is not good idea to continue to go bearish while it is strong indication that bitcoi is bullish. Except if you go short entry and exit suddenly after small corrections.

But if you correctly read some good indicators with of course stop loss then you dont stucked with your bad entry.

dansus021

copper member

Activity: 2156

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Part of AOBT - English Translator to Indonesia

short is okay if you are scalper using 1-15 minute chart Cheesy

but not for higher timeframe and we still need to wait if bitcoin break the major support line ghost "bearish" will haunted yall Cry

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

The ones who short in the options market are the ones who see price could drop but got burned, probably hit the stop loss or worse margin call. It's a bad decision to make when there is a bullrun. A good option to do when there is a bullrun is to accumulate BTC in the spot market not USDT in the futures or options.

Quote from: xSkylarx on March 23, 2021, 08:40:38 PM

It's still good to short when bitcoin correction happens just like now. We should just know the strong supports of it so we can know where to set our target profit and set our stop loss if it does not plays out. Those who were liquidated did not set their stop loss that is why exchanges wiped out their balances. Exchanges are making a lot of money from those traders. Even if it is bull season, market should have a correction for a healthy rally. New buyers will be tempted to sell their holdings because of this.

For those who really can real charts good, yes it's good for them earning USD.

tbct_mt2

hero member

Activity: 2366

Merit: 838

Quote from: TravelMug on March 23, 2021, 07:07:34 PM

Yeah, it doesn't really make sense to short during bull run as you will definitely get REKT.

I remember there was a thread somewhere advising to short BTC, LMAO, either he/she didn't know how the crypto market works, or just wanted traders to lose their money. As fas as the $6 billion worth about to expire or has expired already, this is just another blip if we see the price goes down, in the next 3 days after the expiration, the price could slowly increase again to maybe $60k or new all time high.

In bull run, especially if you are talking about the bull run of bitcoin, the is extraordinary asset, short is stupid.

If taking into account the fact that shorters have no idea that what is the short position and how long they would keep their short positions open. They will be rekted, liquidated soon.

In bull market, any big dips of bitcoin are chances to accumulate and wait for bounces or higher highs. Don't short.

Quote from: xSkylarx on March 23, 2021, 08:40:38 PM

It's still good to short when bitcoin correction happens just like now. We should just know the strong supports of it so we can know where to set our target profit and set our stop loss if it does not plays out. Those who were liquidated did not set their stop loss that is why exchanges wiped out their balances. Exchanges are making a lot of money from those traders. Even if it is bull season, market should have a correction for a healthy rally. New buyers will be tempted to sell their holdings because of this.

In bull market, resistances are temporary and will be broken after few attempts. Higher highs are waiting always.

The Idiots Guide to Margin Trading on Bitmex. That article can help to recognize how foolish shorters are in the bull market. Cool

xSkylarx

hero member

Activity: 2366

Merit: 594

It's still good to short when bitcoin correction happens just like now. We should just know the strong supports of it so we can know where to set our target profit and set our stop loss if it does not plays out. Those who were liquidated did not set their stop loss that is why exchanges wiped out their balances. Exchanges are making a lot of money from those traders. Even if it is bull season, market should have a correction for a healthy rally. New buyers will be tempted to sell their holdings because of this.

TravelMug

hero member

Activity: 2632

Merit: 833

Yeah, it doesn't really make sense to short during bull run as you will definitely get REKT.

I remember there was a thread somewhere advising to short BTC, LMAO, either he/she didn't know how the crypto market works, or just wanted traders to lose their money. As fas as the $6 billion worth about to expire or has expired already, this is just another blip if we see the price goes down, in the next 3 days after the expiration, the price could slowly increase again to maybe $60k or new all time high.

nikolastech

jr. member

Activity: 95

Merit: 1

This is why YOU DO NOT WANT TO GO SHORT NOW: BTC options
While the upcoming $6 billion Bitcoin options are about to expire, around 43% have already been deemed worthless. With the remaining open interest, Bitcoin bulls are mainly in control as the cryptocurrency’s price surge to its recent all-time high has wiped out 84% of the bearish options. https://www.forexcrunch.com/bitcoin-holders-expect-high-volatility-as-roughly-100000-btc-options-contracts-expire-friday/

Thats why all biggest whales buying not selling Wink

Topic: This is why you DON'T want go short now 84% of the bearish options has wiped out (Read 403 times)