Who else is short post halving? - page 2.

smho_16

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Quote from: Deuceisgood on July 26, 2016, 12:10:33 AM

I've been modestly short since shortly after halving, and getting weary of the long wait for expected retracement back to sub-$600. Anybody else in this boat?

I think you are alone on this boat or with very few people in it. Why the price should go sub 600 in the first place ? There's no reason for such thing especially now that S9 Antminers are coming into the market which will add the price up as bitcoin mining will be profitable in the few months post the production of S9 Antminers. I am in a new boat. The one with 800+ price after the few months where S9 Antminers will be profitable and the volume will be high in the trading. In fact it already is.

JeffBrad12

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Quote from: Deuceisgood on July 26, 2016, 12:10:33 AM

I've been modestly short since shortly after halving, and getting weary of the long wait for expected retracement back to sub-$600. Anybody else in this boat?

Hahaha well, it's will not happen in this time, I'm in that boat. but it's impossible for a now retracement back to sub -$600 in this time. Well, a lot of people is waiting for the moment if will be back into -$600 and a many of them is realize it's will not happen for a next few period.

pooya87

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Quote from: Deuceisgood on July 26, 2016, 12:32:44 AM

Quote from: puremage111 on July 26, 2016, 12:20:21 AM

Quote from: Deuceisgood on July 26, 2016, 12:10:33 AM

I've been modestly short since shortly after halving, and getting weary of the long wait for expected retracement back to sub-$600. Anybody else in this boat?

In your opinion, approx how long will it take for btc to be back to $600 +-? Possible in months time or the value will be growing back?

Well, I thought it would have retraced by now ... in fact it did fall dramatically with the DAO debacle (was that before or after halving?), so I've been expecting a retracement to $550 level would be easy. Timeframe I cannot predict with any precision. My bet is that almost nobody is prepared to push the price higher from here, but any bad news, or even the absence of good news, will see the price fall to levels much closer to those seen pre-halving.

I've sold ~90% of my coin, and taken a further ~30% short position, but of course my intent to buy my coins back, and more, at a much lower price.

Where is the bad news when you need it? Lol ...

nothing is certain but i bet your bet is wrong.
the daily volumes are still high and it shows the accumulation that is taking place, and if there wasn't enough power to push it up price would have already declined. but we can see that it has stayed up $640+ so far.

Deuceisgood

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Quote from: puremage111 on July 26, 2016, 12:20:21 AM

Quote from: Deuceisgood on July 26, 2016, 12:10:33 AM

I've been modestly short since shortly after halving, and getting weary of the long wait for expected retracement back to sub-$600. Anybody else in this boat?

In your opinion, approx how long will it take for btc to be back to $600 +-? Possible in months time or the value will be growing back?

Well, I thought it would have retraced by now ... in fact it did fall dramatically with the DAO debacle (was that before or after halving?), so I've been expecting a retracement to $550 level would be easy. Timeframe I cannot predict with any precision. My bet is that almost nobody is prepared to push the price higher from here, but any bad news, or even the absence of good news, will see the price fall to levels much closer to those seen pre-halving.

I've sold ~90% of my coin, and taken a further ~30% short position, but of course my intent to buy my coins back, and more, at a much lower price.

Where is the bad news when you need it? Lol ...

puremage111

hero member

Activity: 1568

Merit: 511

Quote from: Deuceisgood on July 26, 2016, 12:10:33 AM

I've been modestly short since shortly after halving, and getting weary of the long wait for expected retracement back to sub-$600. Anybody else in this boat?

In your opinion, approx how long will it take for btc to be back to $600 +-? Possible in months time or the value will be growing back?

Deuceisgood

full member

Activity: 227

Merit: 100

I've been modestly short since shortly after halving, and getting weary of the long wait for expected retracement back to sub-$600. Anybody else in this boat?

Topic: Who else is short post halving? - page 2. (Read 1083 times)