Bitcoin Forum

Economy => Speculation => Topic started by: frankenmint on November 10, 2013, 03:05:06 AM



Title: Did I miss the window to short today on mt gox?(11-9-2013)?
Post by: frankenmint on November 10, 2013, 03:05:06 AM
it looks like the price is crawling back up  :(

I hastily put my coin back in wanting to Short BTC. 

Looking like price is teetering around 340.


HOW LOW can it go?  Should I risk it and play the short?  I saw BTCchina exchange looks down maybe that is fueling the panic sell.  Your thoughts? 


Title: Re: Did I miss the window to short today on mt gox?(11-9-2013)?
Post by: p2pbucks on November 10, 2013, 08:22:30 AM
You might Buy back at 250 USD if  condition permits


Title: Re: Did I miss the window to short today on mt gox?(11-9-2013)?
Post by: frankenmint on November 11, 2013, 08:52:40 AM
Nah it bottomed at 290...My target of 282 didn't happen...But I was on it and ended up making a net gain of .24 from the past two days (20 minutes yesterday, 30 minutes today) playing the short and I'm OUT.  I was tempted to play a little more and probably could've gained another .10 but at the high risk that the price would've peaked back out again while I was holding fiat at where it is ($345) which would've lost my gains.  Not bad from leveraging less than 4 coin.