Bitcoin Forum

Just sold my trading stash. Price is climbing too fast. Short  positions prepared at 1140 USD. Lots of them...

:) This is possible, we have a history of Bitcoin price crashing whenever there is irregular increase in price.  But I guess there is a reason to this price increase,  the hype of the upcoming ETF decision.  Isn't it too soon to short at 1140?  How about shorting right after the ATH is broken?

uh huh.

you are definitely right, it is risky to buy right now if you are a daily trader, in my opinion the price is going to fall to at least 1050 before starting to climb even more than 1140 usd per bitcoin

^When quotes are helpful.
I'm not selling any BTC until after 3-3.5k, with looking not to miss out on even higher prices. Remember never sell all BTC owned.

You might make little money whenever there is a price retreat. But what happens when that one big upsurge happens? If you are holding a leveraged short position at that point, your entire capital might get wiped out.

I can't believe you people are taking this troll seriously.

Check out his posting history. It's the same every time.

Always trying to plant the seeds of doubt whenever there's a bull run. Always wrong.

Wait for it, wait for it ... http://imagizer.imageshack.us/a/img923/9687/UA8oBd.gif
https://www.youtube.com/watch?v=Yja2VmZOfdA

http://imagizer.imageshack.us/a/img922/733/RaBgOr.png

I don't’ see a reason for a dump right now, that does not mean it would not appear in a sudden way since things like hacks or decisions by the Chinese government happens overnight, but right now the growth of bitcoin seems to be very solid at the moment.

wow thanks for the insight i just sold 1k coins now too thanks! hopefully we will make money

Are you mean sold 1k bitcoin right now? Sounds like a bait.

You don't need to wish because you already have made a money.   ??? ::) :o

Guys, it don't fear, each price upward spike in the current trend has added a 50 percent gain or greater.
It happened in November 2015 (57%), June 2016 (58%, the Halving), January 2017 (51%) -  just check the charts.
This time we have room to gain, point of resistance is high - the target is $1800.

if by dump you mean going up from $1050 to $1134 and then have a perfectly normal correction down to $1111 then yeah you are right but you are changing the meaning of "DUMP" and you know it :D

p.s. the bottom was $1106.4 and it is over now.

LOL, just another prophet trying his luck at convincing people to dump or pump. They will wait till the end of the world just to see if whatever they are saying sticks, then if it does they will go "I told you so." Too tired of these, people, of course we cannot see a straight away increase on the prices. Usually, anything will go up and down.

The question is - is this bullish or bearish? Many ask bear predictions were bullish - I guess he does not try to talk his book when the prices go his way anyway - but some were right. I wish someone made a statistics.

how? uh huh? it is a bit illogical of trading this way though, because you are being too greedy or what. ???

Some times I get the impression that you have so much in common with kwukduck, but you seem to be a whole lot less rebellious. Price is climbing as people are anticipating on the ETF that may or may not get approved next month. Until that day I am sure that we'll keep seeing the price increase to perhaps $1200 and who knows a tiny bit higher. In case it does get approved, you'll be finding yourself in a bad position since your shorts have been timed inappropriately. Only time will tell...

i have had the exact same idea.
but from what i have seen in all these years, there are a couple of these guys around with some newbies wannabe like them.
the biggest ones are kwukduck and ltcbtclitecoinbitcoin and with some smaller dosage OP.

this comes from the mentality that these guys think their spam here has any significant effect. and to be honest it may have some effect but it would be only on some newbies who want to either enter with a tiny amount (less than $500) or have that tiny amount and panic sell. and in a market as big as bitcoin these newbies are nothing and their shorts will never be filled.

- that is my speculation 8)

He's doing this all the time.Just check his post history.
We've laughed about his tactis and fails too often already.And he will never admit how often he had been wrong in the past. :D
Unbelieveable that he is still doing it.Guy's a joke.Best is to ignore him and his threads.

If everyone is going to take profits right before the ETF decision, it makes sense to move ahead of them to get a good price...

Bitcoin price is increasing fast i don't know what happening but im happy because i sold my bitcoin higher than i expected i search for it and i figure it out that there are some bugs or not bug fake volume trades of chinese people who are trading from exchange websites.

Be careful in case it DUMPS upwards. As people dump their fiat for BTC

looks like someone spoke too soon!

the rise has not stopped yet, it slowed down for a while to shakeout some weak hands and leave them behind.

OP is known for threads like this:

https://bitcointalk.org/index.php?topic=1726058.msg17272621#msg17272621

Everytime that he dumps, he says "OMG ITS DUMPING". He is wrong most of the time, os if he is right its only luck, so don't pay much attention, he has made big mistakes in the past.

you believe it will go like the last time, they will dump at $1100 or what it was and tank it under $1000? if i could be sure like you i would be rich already lol, reading here and there i see ETF and other good news are coming such as chinese exchange regulation, i would think twice before taking a decision for now

This is not the right time to make a dump. Cauae when somebody sees it they do it also until  theres a massive of dumping that will happened that could trigger bitcoin price to go down.

That is what is happening.

The only people who care about these mini dumps are the day traders. If you invested Bitcoin 2 years ago and you kept it, you would have tripled

your initial investment. This is why most of us are in this for the long haul. We ignore these highs & lows, because we see the bigger picture...

If you look at the long term graphs, you will notice that the price is constantly climbing over time...  ;)

Their target is definitely to make newbies fall for their worthless gibberish, but I think their intention isn't exactly to trigger a wave of panic sellers that will dump the price down. I am sure they know their efforts won't have any effect in that regard. I think it's more a trolling attempt to push people into losses by making them sell at a loss, where they after that buy back their coins at premium prices. It's trolling from the lowest levels. How deep can anyone sink to try push others into losses. This is regarding kwukduck and his army of shill accounts.

Well we wait to wait till 11/3. Then we will know if the Chinese People's bank will announce more regulation to hurt the price.
I think they are out of ammo tbh. But when the ETF is done, finally some non - chinese big money can step in. I feel bad that we are so much depending on china.

That is the thing with prophets, most of the time they get it wrong and finally when they get something right they want to be recognized for predicting it right, when the truth is that anyone making fatalist predictions every day is, by logic, been able to being right sometimes.

Should I buy or wait?Will there be price correction in near future?I sold some coins at $1K but now I repent my decision.Should I buy back or wait for price fall?

It depends. If you still have some coins aside that you are more or less happy with, then I would choose to wait. If you don't have any coins left at all, then I would buy back a small portion as I expect the price to continue to climb up further. But the point is that you should analyze the market yourself as people here can only give you advice of what they think the price will do. Your view on the market might be completely different.

Heed the news, gentlemen, there won't be price decline anymore, definitely not before 11 March.
Traders are waiting for SEC approval of the Winklevoss bitcoin ETF COIN, chances are less than 1/3 but even slight hope is enough to keep price high.
Until then no one will liquidate BTC position knowing that soon we could see strong boost to demand for the cryptocurrency.

I am afraid of this. The truth is you are not the only one who is thinking of shorting. There are a lot of Bitcoin traders who are very aware of the price approaching resistance and the anticipation that the ETF might be denied next month.

Here is the good news. If there really is a dump coming then it will be another good time to make low bids and hope they are hit. I am always in the mood for buying at a bargain.

That is what I am doing.

Shorting in progress ...

Second batch added.


OVERHEATED!

People DUMPING their fiats instead of Bitcoins  ;D

Great to watch current growth.

Dude just admit you fucked up... it's not that bad, it happens to everyone, even tho you keep making threads about it and getting it wrong tho lol.

Im sorry but you have been losing a lot of money since you opened this thread. Now it may dip a bit if it fails to crush the ATH, but so what, you already did a big mistake by dumping a couple days ago, given the wroth since your thread creation.

Just kiding guys :)

Currently celebrating ATH.  Cheers.

BTC-E new ATH!
Kraken new ATH!
Bitstamp new ATH!
BitFinex new ATH very soon as it looks like at this moment,

But hey keep shorting bro!! ::) :D :D

Shorting into a new ATH pump, seems like a great idea. What could possibly go wrong ;D

ReKT

I hope youve got some reasobaby tight stop losses if you short this rally.

Edit just realized you were kidding lol got me good bro

Yes price is climbing rather to fast and it stands to reason to expect a fall in price for reasons of profit taking or panic selloff, but I don't see it falling freely - don't just expect dump of Bitcoin! Anyone looking to buy Bitcoin now had better think it through, because he/she might just be buying at the pick of the price which would entail selling at a loss or having to wait it out until the the price level is tested again in the future. To buy again, I would prefer to wait for price to come down to $800 - $900, outside any major news to start buying again.

What if it doesn't ever come back down to $900?  Someday if it hits $20,000 or more, we won't really care if we bought in at $900 or $1100.

Well we should really have to wait for the price will mark down of its track but eventually its hard to think when will it be dropping of its value. But yes there maybe dumping of bitcoins but we cant assure that will be the possibility or reason to make btc value to go down exactly. Most of the investors who buy doesn't wanted that to happen, and they were very intelligent to that trend of btc market.

That's the thing with people they only see one feet in front of their noses and never think about long term profits, in bitcoin whenever you buy and as much as you can afford to buy you'll stay in profit years from now.

How does it feel to constantly preach about how you short because you expect massive dumps, and each time you are proven wrong? Bitfinex just reached $1182.9 and is likely to rush further to $1200 in the coming says. What are your plans -- waiting for the price to come down in order to enter the market, or are you just buying back your coins at a premium?

So by now I guess you are out of your short, am I correct? Some of you have got it wrong. Instead of going short you should be making buy orders. If you really do your research on Bitcoin you will realize its true potential has not been reached yet. You all lack belief.

hey guys, he was just trolling... but don't let that stop you from trying to tell him how wrong he is

That shows that he is only a spectator and does not hold a large stake big enough to make him keep quiet or maybe he is trolling because he has nothing else to do. The thing I find funny about people like these are they hold less than 1 Bitcoin and they think they can scare everyone and cause panic by starting a thread.

Even if OP has been saying the same thing since 2009, I happen to agree with him--at least somewhat.  We have been rising very fast, and it may just be speculation based on the ETF coming out.  Who knows.  But if anyone sold at $1200, that would be completely understandable.  You never know where the top is going to be in the market, but taking a profit when you have one is never a bad thing.

Lol what the fuck is going on? Why make this thread? Just to get some reactions out of people? See where the market was going to go? I don't see a crash happening, I truly don't. We had a tiny correction but it's holding very steady. No issues with staying over $1000 let alone $1100.

it is a form of FUD, i guess he wants to buy bitcoins at a lower price by randomly predicting a bad trend of its price. :P

If that is the case this is a really weak FUD. :D Traders are smart enough to understand what the reality is and to be frank following major crypto news and graph is pretty easier than the traditional stock exchanges where we have to monitor global trends and situations . :) If the OP is happy to sell the coins at $1200 so be it.

Yup, what we are seeing is consolidation. Some traders might take profits at these high levels.
I think we will be in the $1000-$1200 range for a few days, before making a move in either direction.

It's never back below $1000, even the SEC reject to accept bitcoin etf and it just give a little impact for bitcoin and i guess the price will always increase everytime. and bitcoin will gain more demand. bitcoin is really useful for everyone.

prices like this which are pretty low are all about chances. yes in the long term and when you look at the bigger picture a $900 price at this point is pretty stupid but we are still relying on small exchanges with thin orderbooks with lots of panic sellers and lots of whales who manipulate.

the chance of this is only there if we see another 100KBTC hack and the ETF disapproval at the same time. otherwise it is zero.

While we are all full of expectation that Bitcoin is headed for the moon, it would help to understand that market price of any asset does not climb in one full swoop. It always moves in wave form - if in an uptrend, it goes up, a bit down, up again and so on. Price has been ranging around $1000 for sometime now and any breakout would retest the previous major support before finally exploding, that is how the market works and you can backtest to conform it.

Price may not necessarily touch $900 again, but the chart would no doubt show when the bulls are mounting so much pressure and adjustments can always be made.

This, while it may be hard to own our mistakes if you want to improve in anything in life then you need to recognize the fact we all make mistakes, some times it is better to just admit your mistake and move on instead of trying to be right all the time.

If you are playing the market by going in and out of Bitcoin then it is ok. But if you are selling, believing and claiming that Bitcoin will crash then never have a chance to go up again because "reasons" then you are wrong. It has inly started scratching the surface. There are more good developments to come.

the bulls are back guys...

Nice catch, looks like his words to influence people, I mark your words :D
You may regret didn't sell it at $1200 which the highest price yesterday, lol.
Anyway, you had nice trade. I think bitcoin market will has more buyers or increase rapidly during this waiting time for SEC decision until March 11th, you may have to buy back before too late or wait a little longer after ETF get denial.

Just as usual people do always say or argue on what their beliefs on bitcoins price and i would give my own view too, dump will happen i guess same as op assumptions and marking up over ATH of bitcoin on previous years for now the dump is anytime but not the same just like what happen before it may go down but 100-200 max i guess.

I kinda disagree with OP since there is a lot of potential for bitcoin to go up in price since ETF approval hike is here. If it gets disapproved I guess there will be no such effect as dump only a little correction since there ain't a lot of investors yet that enters because of ETF they will begin to enter in my opinion after the approval. Well let's wait what will really happen in the future. We might see new ATH soon but the chance that OP's prediction will happen is still there.

Might as well gets trashed by mods.

Well, most people always think about the dump, and I am sure, it makes people pay more attention to the price and do not want to hold bitcoin they have. Well, if you're so afraid to dump, it may be better to sell bitcoin that you have today, because today bitcoin prices can be said to have a high price.

I agree, this is the turning point to see the moon here. It will now skyrocket when it stops falling, and especially if the ETF would be approved, then this is the best time to buy that ticket to the moon, buy as much bitcoins as you can and we'll blast off in a few! I really hope I have money to buy before it does hit it off.

I believe till ETF's verdict remains pending, we cannot expect any heavy sell off, that too only if we will get the result as bitcoin ETF is not getting approved. Otherwise we can expect $2000 levels very soon. Most probably I think etf application might  be passed and we are going moon by mid of March.

This is just a speculation, only inside government officials know what would be the result of etf application.

i wonder how to make the chart like this because i don't know how to do it. but if this is really happen, then the chances to getting down its really big and we can see the price is down to deep, it will make many people getting panic especially in the market, people will sell their bitcoin as soon as they can because they don't want to get loss and they can make invest with low price in that time.

If you are a day trader then you may be right, but if you plan to hold for longer terms, losing a few dollars here and there is not a big deal, obviously we will like to get as much earnings as possible but it is not possible to get every single trade right, so as long as you make profits then you will be fine.

Bored people who make it their hobby to trade Bitcoin read a lot of books about technical analysis and do all the elaborate charts that does not really predict anything. While the real professionals are very quiet about what they are really doing and yet the are the individuals who are making the real money by trading. Most of the time the hobbyists are mostly looking for validation in their lives.

There is sure to be a dump at some point because as an investment, it is speculative in nature and because the way the price has behaved over the last months, it is inevitable for some to  take profits and enjoy the rewards of their investments. The ones who benefit the most are those who are patient enough to wait for another dump to buy again while those who are the losers are the ones who are too eager to jump in on the bandwagon even if the indicators say its at overbought levels.

actually we can't point to anyone to do either day trade nor night trade since we have different timezone here and in my case i earning good on my night trading venture's since i can luckily spot the upwards downward movementd on the coin who am i trading at. And at any rate i can sell my coins since actually im not into bitcoins price movement lurker and do converting immediately when btc balance came up to my wallet.

Yeah because if the SEC try to not approve bitcoin etf or give it more delay and the bullish trend of bitcoin can turn into the bullish trap, and i mean about the redcandle of bitcoin after 11 march. I just waiting for that moment. To see about how the trend it goes.

As quoted everything is gonna happen in a short based upon the approval of SEC for ETF. Its likely to get approval but nothing is assures. If things happen in the opposite manner we'll experience a dump to the maximum of $600.

Can be dump to $890 - $930



 :o

Really? I disagree

Yes I can see that "D PRICE LEVEL" but does anybody really believes in picking up moar below 840 bucks? Silly!

What I mean is the amateur traders who can make elaborate, nice looking charts but in reality they are usually the breakeven or losing traders. I know making some Bitcoins from trading is nice. But most of the amateur traders in the forum are generally looking more for validation.

You may want to know that those technical analysis also works good with Bitcoin, except one does not know what to look at. In the absence of any significant news, what usually rules the market is technical analysis and any trader that is able to recognize and capture those butterfly formations cannot be say to be a hobbyist. It takes keen interest and passion to be able to come this far in trading.

What the analysis is actually saying is that we should expect test of key support levels before price shots to new highs and that is not something strange as many more traders will rush to take profit as price keeps increasing and then there would be a drop in price for another opportunity to buy at lower prices - that is just it, the raw figures there only serve as guide.

I did not expect this new price rise to happen again this soon. So let us ask _nur again to spend another 2 hours to create another projection on where the price of Bitcoin will be.

This proves my point that the people who like to show off their charting skills are usually amateur traders looking for validation while the real traders are very quiet and are making money.

We are now on the new ATH of bitcoins price which on $1200+ and for OP if he waited a little bit more before selling his stash maybe he could able to generate more profits.Id like to see the new plots been displayed above too since they make use of Harmonic and Fibonacci which is really good for technical analysis.

lmao @ op

If it come from the amateur traders here in this forum, it would be better if you do not see it. What they come up with is useless and it mostly causes you to lose your money. Deep down they know they do not know what they are doing. They are only following what they have read in a book, from a forum or an instructional video on youtube.


This cannot be stressed enough.

Presented charts can result into http://en.wikipedia.org/wiki/Herd_behavior which is sometimes dubbed as a self fulfilling prophecy. Forum sentiment so often gets caught up be the quiet ones you mentioned. Deep sea creatures of huge size, so to speak.
Enough reason to give a damn to these charts, trading into the oposite direction.

Even if it means that you will lose a big part of your capital in the process? That would be a big mistake if you follow investment advice from unknown people in the forum who mostly does not know what they are doing.

I just got info that SEC approved Winklevoss fund.

can't see anything anywhere, where your info comes from?

I hope you are not trolling, sir

they made an announcement, but was not an approved/disapproved and not directly related to BTC, as you can see by yourself

https://www.sec.gov/news/statement/stein-evidence-summit-031017.html

Don`t pay attention to "ask". He`s a famous troll. Sometimes he`s bullish, next day he call "dump it asap".

Always have " Dont Ask dont tell " in your head when you read his troll posts