Shorting have changed everything. We should change too.

[Wary]

They now will be ripping us in some other way. [oda.krell corrects: that's not "they" vs "us"]
Market landscape have changed.
Bubbles are now will be totally different too.
We won't profit from bubbles anymore, we'll get ripped instead.

That's how much I've managed to get from post of oda.krell discussing posts of billyjoeallen.

But what exactly have changed, how exactly we'll be ripped and what all this mean I cannot figure out. Could anybody (maybe even oda.krell or billyjoeallen themselves) explain what do they mean by it? Below is the text that get me so  frightened and confused. 

larger number of better traders that took full advantage of the ability to short on the highest volume exchanges, something that didn't exist until 2014. As a result, the market landscape changed substantially.
...
Pre-BFX/OKC: rally time -> get on board everyone! -> bubble in the making, everyone profits
Post-BFX/OKC: rally time (or what looks like it) -> everyone gets on board -> savvy traders skim profits from the pigs
...
should anticipate this strategy and stop blindly following the unmotivated rallies until a "real" rally starts.

[bassclef]

Many people have profited by shorting the market from the $600s, no doubt. They are not necessarily interested in Bitcoin technology, nor do they know how it works other than that it's a digital currency traded on exchanges. Some of them are still lingering. Sometimes you'll catch them doing insane things like shorting at $305 on low sell volume. Put them in a volatile situation where the market whipsaws and the have no f*cking clue what to do and lose a lot of the money they made by shorting. It's easy to sell short in a weak market, not so easy to call bottoms/tops and time trades in a changing market.

Lots of these inexperienced traders are over on Reddit, and it's like taking candy from a baby. Then they cry manipulation when trades don't go their way. Seriously. These are not traders. They're kids.

[NUFCrichard]

It does make it a more mature market. You can't have a market where everyone gains from it rising. Otherwise why shouldn't it rise forever? It does also unfortunately mean that the little guy will get screwed, but that is almost always the case!

[ndnh]

Many people have profited by shorting the market from the $600s, no doubt. They are not necessarily interested in Bitcoin technology, nor do they know how it works other than that it's a digital currency traded on exchanges. Some of them are still lingering. Sometimes you'll catch them doing insane things like shorting at $305 on low sell volume. Put them in a volatile situation where the market whipsaws and the have no f*cking clue what to do and lose a lot of the money they made by shorting. It's easy to sell short in a weak market, not so easy to call bottoms/tops and time trades in a changing market.

Lots of these inexperienced traders are over on Reddit, and it's like taking candy from a baby. Then they cry manipulation when trades don't go their way. Seriously. These are not traders. They're kids.

Yeah. I hate these leveraged traders when it comes to making the prices drop and getting people scared.

And markets are geting a lot manipulative.

[oda.krell]

It does make it a more mature market. You can't have a market where everyone gains from it rising. Otherwise why shouldn't it rise forever? It does also unfortunately mean that the little guy will get screwed, but that is almost always the case!

Sorry for the uninspired way of saying it, but:

This.



It just means Bitcoin is now a "real" market. Doesn't mean price won't ever appreciate again (or even rally), but a heavier bias to profit taking after excessive run ups is now (probably) built in (at least after the first signs of divergence).


P.S. I'm being quoted. *Swoon* 

[tutkarz]

to me real winners will be people who patiently hold they coins and enjoy to watch that panic buy/sell crowd that is trying to ride waves for small profit while waiting for bitcoin to grow roots in the world.

[8up]

Expect the unexpected.

Maybe we will see no bubbles but also no real crashes for a long time.
When I hear people talk it's either one or the other.

I am quite sure prices will increase in the future. But why shouldn't this happen extremly slow. Everytime price increases to fast, people will short it.

This would lead to a stable market and an investment perspective at the same time.

I would take it.

[mlferro]

to me real winners will be people who patiently hold they coins and enjoy to watch that panic buy/sell crowd that is trying to ride waves for small profit while waiting for bitcoin to grow roots in the world.

to me you're right
this is undoubtedly an excellent way of thinking to plan for the future

[inca]

As more players enter the market it is natural that profit taking will happen after a lower threshold.

But Bitcoin remains very limited in supply and as adoption continues the price will still rise as it has in the past.

[exoton]

The ability to short any security it good for the long term health of the market. It will prevent any bubble from getting too overheated and will provide support when the price crashes (for when the shorts cover their position).

Although the use of both shorting and the use of leverage can potentially exaggerate price swings when they become extreme, but there will be overall less extreme price swings