Warning: How many of you Bears have ever been a victim of a Short Squeeze? - page 3.

Odalv

legendary

Activity: 1414

Merit: 1000

Quote from: cypherdoc on October 05, 2014, 01:16:46 PM

Quote from: damnek on October 05, 2014, 01:15:04 PM

Quote from: cypherdoc on October 05, 2014, 01:08:06 PM

Quote from: damnek on October 05, 2014, 12:56:54 PM

cypherdoc, I hope you managed to profit in btc from this downturn. I'm making a killing here, lol.

just don't give it all back by being greedy.

Already took profits, but leaving some dry powder in case it goes down further. At this point it's silly to wait if you had the plans to buy some.

for me, it's just too risky to be leaving any fiat or BTC on any of these exchanges, esp Bitstamp. some funny shit going on there. it's not worth trying to day trade these swings. i'm happy with just buying dips.

Yes it is risky but I cannot resist:
1) send X % of fiat (you can afford to lose)
2) buy and withdraw
3) go to 1

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: damnek on October 05, 2014, 01:27:56 PM

Quote from: cypherdoc on October 05, 2014, 01:16:46 PM

Quote from: damnek on October 05, 2014, 01:15:04 PM

Quote from: cypherdoc on October 05, 2014, 01:08:06 PM

Quote from: damnek on October 05, 2014, 12:56:54 PM

cypherdoc, I hope you managed to profit in btc from this downturn. I'm making a killing here, lol.

just don't give it all back by being greedy.

Already took profits, but leaving some dry powder in case it goes down further. At this point it's silly to wait if you had the plans to buy some.

for me, it's just too risky to be leaving any fiat or BTC on any of these exchanges, esp Bitstamp. some funny shit going on there. it's not worth trying to day trade these swings. i'm happy with just buying dips.

I hear you. The way I approach it now is by scalping futures at okcoin to offset the losses on my larger chunk of coins held in cold storage. So the cold storage is my hedge in case okcoin goes belly-up.

edit: The interesting part is that by using bitcoin as collateral for a short position you're not really selling them, so you're avoiding incurring capital gains tax.

i get ya. but just hope your coins don't disappear one day.

damnek

hero member

Activity: 614

Merit: 500

Quote from: cypherdoc on October 05, 2014, 01:16:46 PM

Quote from: damnek on October 05, 2014, 01:15:04 PM

Quote from: cypherdoc on October 05, 2014, 01:08:06 PM

Quote from: damnek on October 05, 2014, 12:56:54 PM

cypherdoc, I hope you managed to profit in btc from this downturn. I'm making a killing here, lol.

just don't give it all back by being greedy.

Already took profits, but leaving some dry powder in case it goes down further. At this point it's silly to wait if you had the plans to buy some.

for me, it's just too risky to be leaving any fiat or BTC on any of these exchanges, esp Bitstamp. some funny shit going on there. it's not worth trying to day trade these swings. i'm happy with just buying dips.

I hear you. The way I approach it now is by scalping futures at okcoin to offset the losses on my larger chunk of coins held in cold storage. So the cold storage is my hedge in case okcoin goes belly-up.

edit: The interesting part is that by using bitcoin as collateral for a short position you're not really selling them, so you're avoiding incurring capital gains tax.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: damnek on October 05, 2014, 01:15:04 PM

Quote from: cypherdoc on October 05, 2014, 01:08:06 PM

Quote from: damnek on October 05, 2014, 12:56:54 PM

cypherdoc, I hope you managed to profit in btc from this downturn. I'm making a killing here, lol.

just don't give it all back by being greedy.

Already took profits, but leaving some dry powder in case it goes down further. At this point it's silly to wait if you had the plans to buy some.

for me, it's just too risky to be leaving any fiat or BTC on any of these exchanges, esp Bitstamp. some funny shit going on there. it's not worth trying to day trade these swings. i'm happy with just buying dips.

damnek

hero member

Activity: 614

Merit: 500

Quote from: cypherdoc on October 05, 2014, 01:08:06 PM

Quote from: damnek on October 05, 2014, 12:56:54 PM

cypherdoc, I hope you managed to profit in btc from this downturn. I'm making a killing here, lol.

just don't give it all back by being greedy.

Already took profits, but leaving some dry powder in case it goes down further. At this point it's silly to wait if you had the plans to buy some.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: damnek on October 05, 2014, 12:56:54 PM

cypherdoc, I hope you managed to profit in btc from this downturn. I'm making a killing here, lol.

just don't give it all back by being greedy.

damnek

hero member

Activity: 614

Merit: 500

cypherdoc, I hope you managed to profit in btc from this downturn. I'm making a killing here, lol.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: NotLambchop on October 05, 2014, 12:46:15 PM

I did not wake you up, cypherdoc. Why would I? How would I? Don't think about it now tho, wait 'til you're better.

Have you called 911 yet? Is help on the way?

keep selling/shorting, baby. keep selling...

NotLambchop

sr. member

Activity: 378

Merit: 254

I did not wake you up, cypherdoc. Why would I? How would I? Don't think about it now tho, wait 'til you're better.

Have you called 911 yet? Is help on the way?

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: NotLambchop on October 05, 2014, 12:36:15 PM

"bullshit"

thx for waking me up this morning, MyLameChop. see what happens?

NotLambchop

sr. member

Activity: 378

Merit: 254

Call 911 and stay on the line, cypherdoc. I'm becoming increasingly concerned for your safety.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: NotLambchop on October 05, 2014, 12:32:29 PM

Quote from: trizma on October 05, 2014, 12:19:30 PM

@NotLambchop ..... you have still not answered his question ..... why are they accumulating?

~ some people can't see it ~

Grin

On the off-chance you seriously want to know:

Bitcoin early adopters are unlike other self-made millionaires. They did not need to be particularly shrewd, intelligent, or business savvy to accumulate their wealth. No more so than lottery winners. Remember the Bitcoin pizza that was bought thousands of coin? Yeah, like that. The guy who got the coin was not a financial wizard, but coins he got.

And then there are paranoid, possibly mentally impaired holders like cypherdoc, who will never sell. Bitcoin tends to attract the unwell.

Does this help at all?

nice hand waving. how do you know they aren't financially astute? that's an opinion, not fact.

once again, nothing of substance from MyLameChop.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: trizma on October 05, 2014, 12:19:30 PM

@NotLambchop ..... you have still not answered his question ..... why are they accumulating?

~ some people can't see it ~

Grin

On the off-chance you seriously want to know:

Bitcoin early adopters are unlike other self-made millionaires. They did not need to be particularly shrewd, intelligent, or business savvy to accumulate their wealth. No more so than lottery winners. Remember the Bitcoin pizza that was bought thousands of coin? Yeah, like that. The guy who got the coin was not a financial wizard, but coin he got.

And then there are paranoid, possibly mentally impaired, possibly anal retentive (known as "hoarders") holders like cypherdoc, who will never sell. Bitcoin tends to attract the unwell.

Does this help at all?

cypherdoc

legendary

Activity: 1764

Merit: 1002

what happened to the 30000 BTC ask wall?

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: Richard Branson on October 05, 2014, 12:21:01 PM

The good thing is that tards don't really have much money.

you mean like MyLameChop?

Richard Branson

hero member

Activity: 515

Merit: 506

Screw It, Let's Do It

Quote from: cypherdoc on October 05, 2014, 12:19:12 PM

Quote from: NotLambchop on October 05, 2014, 12:18:03 PM

Not a problem. But you really need to make that phone call. 9-1-1.

Quote from: NotLambchop on October 05, 2014, 12:04:02 PM

^You're welcome.
Always glad to help the differently-enabled and the mentally ill.

remember that fiat holders have unlimited ammunition to push BTC UP. that's what central banks are for Cheesy

No. The good thing is that tards don't really have much money. That's because they are tards and poor beggars. They rely on nice rich people pushing the price up.

trizma

newbie

Activity: 31

Merit: 0

@NotLambchop ..... you have still not answered his question ..... why are they accumulating?

~ some people can't see it ~

Grin

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: NotLambchop on October 05, 2014, 12:18:03 PM

Not a problem. But you really need to make that phone call. 9-1-1.

Quote from: NotLambchop on October 05, 2014, 12:04:02 PM

^You're welcome.
Always glad to help the differently-enabled and the mentally ill.

remember that fiat holders have unlimited ammunition to push BTC UP. that's what central banks are for Cheesy

NotLambchop

sr. member

Activity: 378

Merit: 254

Not a problem. But you really need to make that phone call. 9-1-1.

Quote from: NotLambchop on October 05, 2014, 12:04:02 PM

^You're welcome.
Always glad to help the differently-enabled and the mentally ill.

cypherdoc

legendary

Activity: 1764

Merit: 1002

Quote from: NotLambchop on October 05, 2014, 12:13:41 PM

Behave.
Don't make me call Dr.Benway.
You won't like it if I call Dr.Benway Angry

keep pushing me UP. it feels g00d.

Topic: Warning: How many of you Bears have ever been a victim of a Short Squeeze? - page 3. (Read 43772 times)