Topic: Who here is shorting Moneros? - page 2. (Read 7567 times)
Every dollar you have that is not invested in bitcoin and kept in USD, is in effect a short against bitcoin.
Why would anyone go long Bitcoin? Shorting is where the money is beeing made. The last 18 month were a shorters dream and there is no trend reversal in sight. Only fools believe they become rich with owning bitcoin.
For a supposed early adopter that is a bizarre statement.
Sounds like your shorters dream has recently become a nightmare.
He'll be in tears once he misses the boat after a failed shorting prediction (which statistically you always end up making a failed prediction). Then by the time he realizes it's not going down again, it will be to late (on his mind he has the wrong impression bitcoin is already over lol).
Bitfinex lending rates are getting lower (already at 0.01%): http://bfxdata.com/swaphistory/btc.php
OKCoin rates just dropped to 0.02% p. day .
OKCoin rates just dropped to 0.02% p. day .
it was a typo there i mean raise not drop, anyway what happen if you can't pay your debt with the bullish guy?
"borrowing money from longer" mean exactly that you borrewed money from a bull guy like you said in the post above...
and about despair phase...it is known that we are in a despair phase, you don't need to look at any chart
in the end i'm not arguing that there aren't money to be made in the end, it just more difficult and more risky, the risky is above the gain, especially if you are not really into trading
"borrowing money from longer" mean exactly that you borrewed money from a bull guy like you said in the post above...
and about despair phase...it is known that we are in a despair phase, you don't need to look at any chart
in the end i'm not arguing that there aren't money to be made in the end, it just more difficult and more risky, the risky is above the gain, especially if you are not really into trading
why people still talk about 1200-200 drop, that a thing of the past ,could you guys get over it already, please? it does not matter anymore, and it's obvious that many had done a huge profit, my post was about today price, not 2 years ago value...
borrowing money now from longer? i don't think it still working, now with that despair phase no one is willing to risk anymore
what about the price drop so much and you can't re-pay your debt with the long-guy or bullish, or whatever you want to call it?
Okay I didn't know you were talking about today. But shorting is still viable today as always. It's not like you'll be guaranteed profits by shorting or longing but with good entry points there is money to be made.
Also one thing you mention is limited rewards. This is partially true but that's because we are currently in a consolidation pattern. BBands are squeezing. The same could be said about a limited upside. So your argument about a limited downside could also be used the other way.
So now you use this word like despair phase. Just because you looked at a picture of the bubble chart doesn't mean you understand anything. And what does "borrowing money now from longer? " mean???
When you're shorting Bitcoin you make money from price drops.
I can't believe you're a Hero member and posting in speculation but you don't understand trading.
Why would anyone go long Bitcoin? Shorting is where the money is beeing made. The last 18 month were a shorters dream and there is no trend reversal in sight. Only fools believe they become rich with owning bitcoin.
shorting with a variations of 5-6 usd at best, isn't like a dream at all, unless they are leveraging massively(borrowed from others shorters), there is no gain to be made already if take into account the fees...
What on earth are you talking about?
I haven't been day trading for that long, lots of holding. But it clearly was a shorters dream.
From 1200-200 that's a 85% drop. And you can use 3x leverage on Bitfinex. Up to 20x leverage on okcoin. And if you were really good you'd have kept increasing your position each time and you'd have really snowballed.
And there are a few different ways of shorting. You can short by borrowing bitcoins through swaps. You are not borrowing from shorters. You are borrowing from Bitcoin holders for a small interest payment.
And you can also short through futures. You enter a contract with another person. That other person wants to long. And there have been a lot of bullish people who have longed all the way down.
And I don't see how you can say that there was no gains to be made after accounting for fees.
why people still talk about 1200-200 drop, that a thing of the past ,could you guys get over it already, please? it does not matter anymore, and it's obvious that many had done a huge profit, my post was about today price, not 2 years ago value...
borrowing money now from longer? i don't think it still working, now with that despair phase no one is willing to risk anymore
what about the price raise so much and you can't re-pay your debt with the long-guy or bullish, or whatever you want to call it?
I wonder if those who are opening short positions right now are aware that GBTC is currently at 50 USD per share.
Do they think that this is not going to affect the Bitcoin exchange rate?
Do they think that this is not going to affect the Bitcoin exchange rate?
if people don't see it being reflected in the price the anwer is no. gbtc price is way over priced and doesn't represent current value.
Why would anyone go long Bitcoin? Shorting is where the money is beeing made. The last 18 month were a shorters dream and there is no trend reversal in sight. Only fools believe they become rich with owning bitcoin.
shorting with a variations of 5-6 usd at best, isn't like a dream at all, unless they are leveraging massively(borrowed from others shorters), there is no gain to be made already if take into account the fees...
What on earth are you talking about?
I haven't been day trading for that long, lots of holding. But it clearly was a shorters dream.
From 1200-200 that's a 85% drop. And you can use 3x leverage on Bitfinex. Up to 20x leverage on okcoin. And if you were really good you'd have kept increasing your position each time and you'd have really snowballed.
And there are a few different ways of shorting. You can short by borrowing bitcoins through swaps. You are not borrowing from shorters. You are borrowing from Bitcoin holders for a small interest payment.
And you can also short through futures. You enter a contract with another person. That other person wants to long. And there have been a lot of bullish people who have longed all the way down.
And I don't see how you can say that there was no gains to be made after accounting for fees.
Yes there was money to be made. Well played to those who did. Good luck on the way back up.
Why would anyone go long Bitcoin? Shorting is where the money is beeing made. The last 18 month were a shorters dream and there is no trend reversal in sight. Only fools believe they become rich with owning bitcoin.
shorting with a variations of 5-6 usd at best, isn't like a dream at all, unless they are leveraging massively(borrowed from others shorters), there is no gain to be made already if take into account the fees...
What on earth are you talking about?
I haven't been day trading for that long, lots of holding. But it clearly was a shorters dream.
From 1200-200 that's a 85% drop. And you can use 3x leverage on Bitfinex. Up to 20x leverage on okcoin. And if you were really good you'd have kept increasing your position each time and you'd have really snowballed.
And there are a few different ways of shorting. You can short by borrowing bitcoins through swaps. You are not borrowing from shorters. You are borrowing from Bitcoin holders for a small interest payment.
And you can also short through futures. You enter a contract with another person. That other person wants to long. And there have been a lot of bullish people who have longed all the way down.
And I don't see how you can say that there was no gains to be made after accounting for fees.
Why would anyone go long Bitcoin? Shorting is where the money is beeing made. The last 18 month were a shorters dream and there is no trend reversal in sight. Only fools believe they become rich with owning bitcoin.
shorting with a variations of 5-6 usd at best, isn't like a dream at all, unless they are leveraging massively(borrowed from others shorters), there is no gain to be made already if take into account the fees...
Why would anyone go long Bitcoin? Shorting is where the money is beeing made. The last 18 month were a shorters dream and there is no trend reversal in sight. Only fools believe they become rich with owning bitcoin.
For a supposed early adopter that is a bizarre statement.
Sounds like your shorters dream has recently become a nightmare.
im shorting bitcoin whenever I see a huge PR potential lol.
but outside from that, im holding and buying while it drops. if you have large sums of coin, youre always going to be buying back in at a cheaper price at the same time while youre selling them.
but outside from that, im holding and buying while it drops. if you have large sums of coin, youre always going to be buying back in at a cheaper price at the same time while youre selling them.
Why would anyone go long Bitcoin? Shorting is where the money is beeing made. The last 18 month were a shorters dream and there is no trend reversal in sight. Only fools believe they become rich with owning bitcoin.
While shorting is risky, there is also potential for massive gains, nothing to be laughed at.
not really true about the massive gain, with all those tiny slippages, unless you move something like 1k-10k bitcoin....
Using futures at Okcoin.com people can utilize up to 20x leverage. It also means people can trade with smaller accounts. And it means you're able to double up on a 5% move. Some people are wrong but others having been immensely profitable.
It's impossible to go in debt because its practically impossible for them to collect on debt.
There's only something called forced liquidations. Bad thing about that is you lose your position.
That's why using 10x with a part of your balance may be better suited sometimes.
Leverage can be used to gamble and lose money but it can also be used as a tool to augment your trading balance when you have a bit more confidence in a market direction.
And on okcoin you can short and long which means you can profit from the price going either up or down.
While shorting is risky, there is also potential for massive gains, nothing to be laughed at.
not really true about the massive gain, with all those tiny slippages, unless you move something like 1k-10k bitcoin....
Using futures at Okcoin.com people can utilize up to 20x leverage. It also means people can trade with smaller accounts. And it means you're able to double up on a 5% move. Some people are wrong but others having been immensely profitable.
While shorting is risky, there is also potential for massive gains, nothing to be laughed at.
not really true about the massive gain, with all those tiny slippages, unless you move something like 1k-10k bitcoin....
Using futures at Okcoin.com people can utilize up to 20x leverage. It also means people can trade with smaller accounts. And it means you're able to double up on a 5% move. Some people are wrong but others having been immensely profitable.
big guys shorted bitcoin at around $300 and others will or might do it now. that's the difference. they know exactly when to short and buy the coins back at 20% discount.
While shorting is risky, there is also potential for massive gains, nothing to be laughed at.
not really true about the massive gain, with all those tiny slippages, unless you move something like 1k-10k bitcoin....
Some people certainly made a lot of money in short positions in 2014. Of course the gains on a long position in a rally are higher, but you could still make a decent amount of money - especially with leverage.
While shorting is risky, there is also potential for massive gains, nothing to be laughed at.
not really true about the massive gain, with all those tiny slippages, unless you move something like 1k-10k bitcoin....
While shorting is risky, there is also potential for massive gains, nothing to be laughed at.
Jump to: