Ugh. I feel like such a loser. I just swept a paper wallet with 0.4BTC in it. I needed a little cash in a hurry so I bought $5000CAD at the local ATM. Phuque I hate spending any of my precious coins but I guess if I had to do it, today was as good a time as any. Unfortunately, the sell rate was up so I only got a little over $14k per coin including fees. Hopefully I'll get to buy it back soon.
I'm operating under the assumption they will be very careful to run it up to totally unsustainable levels before any kind of big short. But I have no idea what sustainable levels look like. But I imagine someone a lot smarter than me has done the maths. Maybe.
When you are big fat whales and you enter a market at the top of a bubble, logic dictates you to short the heck of it...but it takes time to open massive shorts (u need lotsa fools )so the bubble has to continue quite a bit after 10th december imo then badaboom.
You also need massive amounts of coins to dump to help your short along. Which means you have to buy them first.
or just borrow them ?
Or they bought them already from a guy in Koreatown.