Short or be shorted
hahahahahaha
poor peonminer... .
still waiting to accumulate coins. I'm sorry you shorted your total BTC holdings at $425 and you are hoping to be correct in your prediction.... to either recover your losses or to profit a little bit from your premature short...
Sure it is possible that BTC prices will go down, but nothing is certain in Bitcoinlandia....
/insert chasing train gif/
You shouldn't have oversold, especially since it should be fairly clear that we are generally hovering in a bull market
yeah they are hovering around in my break even area... up or down biatches (as in all the biatchcoins) ?? which way you going
I am very glad about where we are in BTC prices, and the current price posture of BTC and even my set-ups in my BTC portfolio and my designated tradable fiat holdings seem very well positioned and optimistic.
You may recall that I had been buying BTC since late 2013, so downward and downward and downward and more downward (until, more or less August of 2015), so I did not really have an opportunity to accumulate any significant/sufficient quantity of BTC at a relatively low price until after it stayed below $300 for so long throughout a large part of 2015 and I was able to continue to accumulate a fairly significant amount of BTC at those below $300 (and really below $280) prices.. but really I had done a considerable amount of doubling down in mid-2014 in the upper $500s and in the $600’s price territory, and I did not expect BTC prices to significantly go down from there, but when it did, I also made significant investments in the mid-to-upper $300s, also, anyhow, there are certain flaws in following a martingale gambling principle, if BTC were gambling, and sometimes I was beginning to feel as if I were unwittingly following such Martingale strategy because we now know what happened to BTC… , which for me caused a lot of hodling.. and continuing to stay in the red for quite a long period of time.
Finally in October, when BTC prices finally crossed again above $250 and continued upwards, I had devised and revised various aspects of my BTC plan and I was ready, willing and able to sell some of my BTC and to justify that trading.
Accordingly, I consider my current position to be pretty well-established, from my perspective, for BTC price movements in either direction.
I presume long term upwards, but I really attempt to be neutral regarding short-term price directions. I sell as the price goes up and buy as the price goes down.
Sure from time to time I do make some mistakes of not selling enough or buying back too soon, but I have established various systems (a work in progress) that seem to hedge against one another..,.
Also, sometimes when I have made some fairly large mistakes by getting too wrapped up in the excitement of the price movement, I will step back and reconsider my prior actions and my portfolio and just make my buy sell spread a bit wider (which causes me to have no trades until the price comes to my reestablished price points… then I resume my trading after that point).
In the end, even though I get my little short-term hunches, I don’t really know, but I will often consider the matter in terms of probabilities, and try to put an appropriate amount of money on either side that is weighted towards my inclinations (and sometimes I do not want to say my inclinations on the forum, especially if for example I were thinking 60% chance of going down $10 and 40% chance of going up $10)… etc… etc. etc. My feeling continues to evolve.
