https://twitter.com/whalecalls/status/815598251319640064Okcoin $BTCUSD Quarterly futures has liquidated a short position of 47857 contract at 1,065.58 - 2017-01-02 00:38:56
I tried to warm my friends on IRC about the dangers of shorting, but they wouldn't listen.. they think they can time the market, when this is impossible, you can only look forward to trying to predict the fundamentals, and the fundamentals are clearly telling us to buy and hold long term. People that bought every dip instead of trying to be the smartass that tries to short has made massive gains this year.
I think that guy was simply greedy on one part and on the other part, he's a great risk taker. Fear such people as they can bounce back anytime.....
He should have simply tested the market with at most 5BTC.
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