2 million $ worth of longs added on bitfinex in the last 12 hrs, total near $26.5 mil . Shorts below 8k btc.
If that isn't a recipe for a crash, I don't know what is. When the price starts dropping, there will be margin calls.
I will admit, I shouldn't have sold at 450. I should have waited for 465-470. That doesn't change the fact that this leverage fueled rally is not sustainable, and will end with a massive move downward. Get out now, or lose all your gains.
Eventually yes, but I won't lie about it. This shit fucking hurts. I hate being wrong, and I hate losing money. I am gonna stick this out. I'm not taking this loss. The crash is coming. Maybe it will happen tonight while you are asleep. Better cash out now. You may wake up tomorrow wishing you had.
ddrerrrrrr i have been in da gaem since 20111
I sold at 450, started shorting at 455-460, and an hour later it crashes all the way down to about $400. I was the only one on the forum predicting a correction that night. I bought back in at 420. Why exactly do you find it appropriate to mock me for making one of the smartest trades possible a couple days ago? Are you even reading what you are posting?
You're not the only one that was trading the euphoria of friday night. The rest of us are just a bit more subtle. You want to present yourself as the perfect trader, go ahead, take snapshots all the way back to 3000 btc.
JJG is kinda our macabre mascot around here, he first bought at the very tippy top of the $1200 bubble. He's been buying the whole way down iirc. He breaks even at 501, so I (we?) kind of cheer for him, and if he's even... well... Yes, he's long winded and often nitpicks things for bizzare reasons, but he's
our long winded nitpicker.
This whole thread is a weird cast of characters, best to just post what you post and try not to get emotional about the possibly unwelcome replies.