You're welcome. Yes, I'll admit it. Opened a short yesterday at 383, closed it at 406, rode long for a bit to 425 recouping part of it (about 2/3), and am short again at 425.
This market right now makes not a lick of sense to me. Too much, too soon, no reason... it's entirely possible that it was just oversold for a long time, but damn if this isn't a bit too sudden a change.
Shorting a commodity with a repeated history of shooting up 10x higher in price seems a bit silly. Unless you have some insider knowledge.
What "repeated" history do you speak of (really, I mean, something starting up, if it is successful, is bound to have an exponential type growth, but you are talking about over a year ago)? It's volatile. Shorting or longing or taking any leverage on this thing is a maniac's move. Admitted.
Have you seen the bitcoin log price chart?