I think that your memes made your point pretty well, even though I disagree with the concept of shorting bitcoin, especially after it already experienced nearly a 30% dip within about 2 weeks. It neither seems to be a good personal strategy nor good for bitcoin... yet I understand that personal strategy might be the only one that matters to a lot of people who just want to make money, but even on that basis, it seems a bit of a gamble to bet on DOWN after a relatively fast correction.
On the other hand, if someone had been betting on DOWN when the price went up 30% in almost the same amount of time, that would have seemed to like a more practical and realistic bet (even though I personally don't engage in any kind of margin trading of bitcoin).
We don't disagree about the likelihood that bitcoin is going up in the long term. I am just quibbling with any suggestions that it would be a good idea to short (or even sell bitcoin) after it has already made a nearly 30% correction. Such play might work, but the odds for success do not seem great.
Why ever see btc Going from 6200 to 8000 and sell.... only super fools would sell ..... to gain what ?
And @ what risk or am i wrong ?
There are a few categories of people who engage in that kind of conduct or advocate doing that 1) price manipulators, 2) people who are emotional and likely ill-informed about their investment, 3) people who like to gamble, 4) rare people who have some kind of insider information and 5) there might be some other categories that I am not considering, at the moment.
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