Short now = make lots of money?

[a fool and his money ...]

I GOT REKT BIG TIME XD

 

[big ears]

No, risk is too high, not worth it yet. If in the near future support won't hold and a downtrend will become apparent, then it may be worth and not risky.

I advised the OP against shorting, before the pump, but he did it anyway.
If he wasn't slaughtered in the meantime, he should close his short soon (in a couple of hours or maybe tomorrow) for maximum profit.

Totally agree, IMO it's going to head upwards again soon maybe high $200's, take $17 p.coin profit (at time of post) and plan a new strategy (unless you left at a loss) 

I'm not so sure, there were some big dumps through some massive walls last night. If it goes below 200 it could cause panic selling again.

[Amph]

too rishy, i see a lot of small swing, small P&d, you can short yes, plent of shorting, but it's a bit of gambling, i don't see a good pattern

[alesx.onfire]

anyone have a reasonable explanation for this pump? I seriously thought this was gonna go in the other direction today

[kaykawa]

why would you buy?

[thresher]

why would you buy?

What do you mean?  There is nothing unnatural about something skyrocketing in 3 hours for no apparent reason.
Nothing bad ever happened to any bitcoin that was purchased during such an unnatural growth, nothing at all!

Whether you shorted at 215, or you are going to short at 230, you are going to make so much money that you will be able to manipulate the price all on your own, and us fuckwads will gobble up every pointless pump!

[bytezero]

I'm not a daytrader really, I'm in it for the long term.

[altcoin hitler]

anyone have a reasonable explanation for this pump? I seriously thought this was gonna go in the other direction today

emergency pump for superbowl-hype ... will come back down as soon everyone is done with buying. Another small pump and dump... business as usual.

[picolo]

Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...

`

When you short with leverage and the market is moving on you, you will lose all your capital. If you shorted on January 24th, you would have lost 38$ per BTC x your leverage in 3 days.

[arvis]

No, risk is too high, not worth it yet. If in the near future support won't hold and a downtrend will become apparent, then it may be worth and not risky.

I advised the OP against shorting, before the pump, but he did it anyway.
If he wasn't slaughtered in the meantime, he should close his short soon (in a couple of hours or maybe tomorrow) for maximum profit.

You win some, you lose some. 

[NUFCrichard]

Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...

`

When you short with leverage and the market is moving on you, you will lose all your capital. If you shorted on January 24th, you would have lost 38$ per BTC x your leverage in 3 days.

Just don't leverage with Bitcoin, it is too volatile, it is just waiting to bankrupt people if they over-leverage.  Currencies are perfect for leverage normally, CHF aside!

[Silent Sam]

buy now or regret later 

[rosh]

buy now or regret later 

This was advice we heard when Bitcoin was at $600, $500, $400 and $300.

[fonzie]

Shorting at any price over 200$ is a no-brainer right now.!

Price was @ 800$ during the time of the post. A year later this assumption still seems to be correct.  
I would almost say that we could adjust it to 100$ now .