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241  Economy / Speculation / Re: ✨✨✨ Time To SHORT For Massive Profits!! ✨✨✨ on: December 09, 2017, 11:46:35 PM
I believe crypto is the future of the monetary system.

I also think shorting bitcoin is smartest move right now for the reasons outlined in this thread.
242  Bitcoin / Bitcoin Discussion / Re: Am i late to buy bitcoin now ?? on: December 09, 2017, 11:26:00 PM
Yes its too late to buy.

But starting tomorrow, there's finally a regulated way to short bitcoin. So you can still "cash in" on the futures market Cheesy
243  Bitcoin / Bitcoin Discussion / ⛔️⛔️⛔️ Is The Current Price Of Bitcoin Practical? ⛔️⛔️⛔️ on: December 09, 2017, 11:16:17 PM
Theres 7.5 billion people in the world. That number will grow. There's only 21 million BTC. Sure it can be broken down to infinite numbers of decimal points and yada yada but with 17 million already mined and accounted for, is it reasonable to expect the 7.425 billion people who haven't adopted bitcoin yet to accept the current inflation of the coin??

$2 per coin in 2012
$16000 per coin in 2017


That's 8000% increase based on what exactly? Theres mining costs of course. But is that a storage of value? Or a loss of value? Think about what is really happening as coins are mined. Fiat currency is exchanged for equipment to create digital currency. The digital currency is then sold for fiat currency. The equipment expires and the digital currency becomes, theoretically, more and more difficult as well as expensive to create. Bitcoin is destroying value rather than creating value.

Approximately 1% of the world has adopted bitcoin. This has artificially skyrocketed prices to an unsustainable rate of 8000% in 5 years. If the 7.425 billion people who still use fiat currency agree to use bitcoin, there's no way they will agree to deflate their own purchasing power by 8000%. I think the current price of bitcoin is impractical for mainstream adoption.

I think a niche group (first 1% of population) who see the vision and the future of crypto have artificially driven this price up so high that it isn't likely the remaining population of the world will buy into it (at the current levels). Sure crypto could be the future of our money system. But the current prices do not seem realistic if we are trying to get the entire world in on it. I don't think crypto needs universal adoption to be successful, but it certainly needs more users and use in general than it has now. As it stands now, bitcoin and altcoins are more of an investment tool and less of an actual currency.


Do you think the current price of bitcoin is practical?
244  Economy / Speculation / Re: ✨✨✨ Time To SHORT For Massive Profits!! ✨✨✨ on: December 09, 2017, 10:39:50 PM
Well said Realist247
245  Economy / Speculation / Re: ✨✨✨ Time To SHORT For Massive Profits!! ✨✨✨ on: December 09, 2017, 10:27:03 PM
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I'm almost relieved that the bitcoin is being dumped again. The growth was too fast.

I think the safest route is to sell off a certain % before the futures product begins trading tomorrow. To be completely fair, it seems a bit unpredictable what will happen. It is merely my guess that some event will happen, it will trigger shorts, public panic will ensue, and I will be skiing down the bitcoin graph
246  Economy / Speculation / Re: ✨✨✨ Time To SHORT For Massive Profits!! ✨✨✨ on: December 09, 2017, 10:15:25 PM
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You could already make gains when crypto was dropping with shorting on exchanges like Kraken and Poloniex

The CBOE is bringing a game changer to crypto.

This is THE FIRST regulated two-way trade where bitcoin can actually be shorted.
247  Economy / Speculation / Re: ✨✨✨ Time To SHORT For Massive Profits!! ✨✨✨ on: December 09, 2017, 10:03:31 PM
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Bitcoin is here to stay... this is just the beginning. Only this year Bitcoin price increased 20x. What do you think will happen next year

You sound like an uninformed investor, so I hope I don't offend you if buying Bitcoin was one of your first experiences. But previous results are not indicative of future results. They are two separate events. There's three ways to invest and they are basically all wrong:

1. Fundaments (lol, basically the same as trying to beat the analysts at sportsbetting and you have to pay juice, like trading fees, bid/ask spreads, commission, taxes, etc)

2. Technical Analysis (lol, using charts and maths to try to predict the future)

3. Investor Sentiment (lol, trying to guess trends based on things like analyst hype and media)


Theres actually a 4th way to invest. Its to collect fees off other people's money and just enjoy the lols.

248  Economy / Speculation / Re: ✨✨✨ Time To SHORT For Massive Profits!! ✨✨✨ on: December 09, 2017, 09:55:29 PM
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I think you are getting the dynamics wrong.

for Wall Street whales to profit from going short on bitcoin, it means that they need to also get for it's price to fall, and in order to do that, they need to sell BTC.

Actually, I believe you just misunderstood my wording. I said they will "cash in" and then "bet on the downfall", meaning exactly: sell their bitcoin and buy short options.
249  Economy / Speculation / ✨✨✨ Time To SHORT For Massive Profits!! ✨✨✨ on: December 09, 2017, 09:34:26 PM
Currently there is not adequate methods to bet on both sides of bitcoin.

But this is all changing starting on December 10th, 2017!!!!

The downfall has already begun  B)

Wallstreet is about to collude and drive the price of bitcoin to the ground. 400+ Billion USD is the amount of profits that are up for grab by shorting bitcoin and altcoins. Wallstreet thrives when the USD $ is strong. They also thrive using questionable practices of collusion and market manipulation.  Theres no way they are going to let crypto currency get in the way of their profits. There is also 0 chance that 99% of the world is going to agree to adopt a currency that has inflated 15,000% by the first 1% to adopt it. Crypto will certainly crash before the remaining 99% of the world population agree to get scammed by the intial 1% of investors. Wallstreet agreed to add options for crypto because it is in their best interest to create a way to short. They will also collect huge on Fees.

The smartest players who drove prices will start to cash in, and then bet on the downfall. Everyone is going to be scrambling to collect in on this 400 Billion USD that was generated off, essentially, a Ponzi Scheme. You can certainly make a lot of money off a Ponzi Scheme as long as the next guy in line continues to buy into the hype. Institutional investors are about to make tons of money off options. Financial leverage is one of the biggest benefits of trading options. I predict the downslope will be as sharp as the rise. 


Good luck, invest responsibly Smiley

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