Bitcoin Forum

Sell the news as they say.... This is no rally, is just delusional upswing. It will die soon, when Coinbase counter ends.

The thing is, price can be 310, 350 or even 370 at that time. So everybody will short like hell, maybe we'll see sub-200s again.

send your bitcoins to 1PxxYyZNtfRJc5ikYJ5bKr3hHHfMeEmtAu , i promise to do a perfect short for you  :)

OP u might end up disappointed if u commit to this strategy

Yes I opened a short a while ago also. This coindesk news was in the works for a while. This is nothing but short coverings.

Why it's always newbie account that give such great advises?  ;D
However, I agree with "sell the news" ...

no way to know if it is really going down.

Most people were inactive during the weekend and now might take the decision to buy based on recent news

sounds like a bullish signal to me, i'll sit back and wait for the market to catch bears out

and here's the dump

OMG! lol

If only there was a way to filter these kinds of topics out.

so, the "rumor" and the related buys happened to be on a weekend. the "news" will be out on a monday, and you say a lot of people are gonna sell it.

well, there is some more in it ;) people are sending money to the exchanges right now because moon and stuff. exiting tuesday/wednesday incoming.

OP correct. All super-bulls humiliated again. (what else?)

Back to sub $200 we go!! SHORTING TIME BOYS

No one sent you coins. Did you short your own stash? How did it go? Is the dumping/correction already over or are we still in for another leg down, what do you think? I find it interesting to find people who can reliably predict those things!

Nice peak at 309, we'll see, I think OP might be right, good opportunity to short and buy more cheap coins later.

The opportunity may very well already be over by now! We've gone down about 10% again. This looks like a healthy correction in the Bitcoin world. All this when I thought it couldn't get any more interesting! Man...

https://pbs.twimg.com/media/B8SB9ZXCQAMirdD.jpg nsfw

Easy with the NSFW

Will the bullwhale strike the shorters? 

Perhaps bearwhale fleet attacks?

Member since Aug 2010.

Lurker maybe, not a noob.

Wow you are right .Looks like he got in late on the train, missed out on all the fun.

We seem to be in sideways mode in the $275 range.

You guys might be right and it'll retrace back down, but you all know BTC too, the opposite could happen as well  :P

Shorting would have worked.
Price is substantially down now.  :)

Shit, closed shorts too soon. Dumped again. See you at 120$  :-*

Unfortunately, this forum will never take 'sound' financial advice so don't bother trying to help. Which is why majority of these people remain depressed HODLERS instead of making big money short term like the smart guys and actually 'playing' to the market.  

I actually bought and flipped some LTC for epic gains @~$2.2x yesterday.  One of the best 24 hour flips I've had in awhile.

yep, litecoin was epic.

This long and short from the idiots moonpump was epic too.  :P

'coinbase news' lmao

Best advice open a directional thread typically earish wait for 10+ posters and do the opposite


since everyone flamed him they lost he won rinse repeat

People tried in the past convincing others not to sell. Let's try the opposite: everyone dump and let's short this to double digits so we can have all a lot of bitchcoin.

sell while its still up shortly it will fall soon.

closed the long already at break even ... going down more. I'll sleep in fiat. Fuck this.

It has just been pumped and dumped. What shitcoin pumps after it has just been pumped and dumped? Forget it. Doesn't fly away, no worries. Shitcoins are plentiful.

I have the reason to believe the yesterday price is deliberately speculation, and it may back to $200

if it were stock exchange or other things Coinbase would be under market manipulation investigation

its back at $250 again, Now its time to decide whether to sell or not. Please dont expect that btc will go to $500..

It was back at 250 become some guys decided to make a quick buck by doing a quick sell off and close their position after having hit the 300 sell target. At least for now, the price is already up slightly a bit at 264. Let's see where it goes from here.

well, today arrived the money at the exchanges that has been sent during the weekend. so far it provided the ammo to get us from 250 to 265ish... not really what i expected, wasn't able to make much profit.

guess thats as far as it goes. fresh money is running low, so maybe we will get that downtrend initiated with the announcement-shooting-star. currently mostly in fiat and waiting for further indicators

4 hours from now is like the horizon, always out of reach.

should have dumped it all

The mood seems to have changed from "buy buy buy" to "sell sell sell".  ;D

I like it how some people just scratch the surface while others really take time to study. This is the difference between a looser and a winner.

But there's a bigger problem: since we never got past $310 we might see sub $150 again soon. And as much as people say that would be a double bottom, it won't and the price will crash so hard that 235 will seem like a dream.

Good call.. friendly advice : you should keep this info to yourself next time and let the naive bulls help you carry the bags.. you are not going to get much gratitude from those in denial... makes sense?

Formula for speculation forum success. Start two newbie accounts. Make one a bull and the other a bear. The one that wins gloats, the other is deleted.

I still don't get why this collapsed like a house of cards. I would have expected a slight or medium correction back into the $280s or $250s, but not into the low $220s... I know daytraders love volatility, but wouldn't a sustainable growth be even more fun?

That correction was a true pico bubble popping. Much too violent for a mere correction. Highly optimistic bulls will have gone long on leverage and may be completely wiped out already. It really is giving you headaches I guess...

It's actually quite enjoyable seeing your utter confusion.

Collapsed because the runup to the pump was fake already and the pump itself was utter madness. You been whaleraped because you can't read the markets.
The pump-whale took very high risk on this one and likely is glad to have come out alive. What helped the collapse were all the smart people selling the news (of course).

What you see right now on the screen is the market without much manipulation. Since the pumpers won't be brave enough to pump i guess a shortseller-attack is more likely now on this raped market.

Conditions are good for it but needs someone brave who is willing to take the risk and smash the walls. In case the chinese psychos don't want to we'll go sideways until they man up or sothing else happens.

I think market would even decline naturally (the slow death and slow bleeding we have come to love over the past year)
I think odds are good for slow or fast decline.
Not ruling out a random pump here and there which would provide good point to open shorts.

summary: I'm bearish as fuck

sweet. noobs getting bearish.. good sign for btc

Not if they lose interest in even trying btc.

Was the trade successful?