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Author Topic: Am I the only one expecting a drop?  (Read 782 times)
yugo23 (OP)
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February 21, 2016, 10:58:03 PM
 #1

Hey, I just oppened a short after seeing the litle rise on bitfinex.

Am I the only one expecting a small dump back to 420 before it starts to rise again?
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February 21, 2016, 11:00:16 PM
 #2

Hey, I just oppened a short after seeing the litle rise on bitfinex.

Am I the only one expecting a small dump back to 420 before it starts to rise again?
Bitcoin is known that it will rise and drop very often because it is bitcoin, but it has many chances to drop but will rise again probably to $500 within a month.

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February 21, 2016, 11:02:11 PM
 #3

Hey, I just oppened a short after seeing the litle rise on bitfinex.

Am I the only one expecting a small dump back to 420 before it starts to rise again?

Didn't it already happen today? It dropped around $20 in a very short time frame. I think at this point people are already happy with the fact that the price is sitting above $400 for now.
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February 21, 2016, 11:07:42 PM
 #4

I could give a shat what you do with your money, but be careful shorting bitcoin.  Hell, be careful shorting anything.  The downside is only limited by your imagination and if you can imagine yourself sitting on a street corner selling pencils with a tin cup in your hand, then that's just the start of what could really happen.  Markets have murdered people who thought prices were too high and went short.  And with bitcoin?  Yeah, you'd be surprised how irrational the market can be.

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yugo23 (OP)
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February 21, 2016, 11:11:58 PM
 #5

I could give a shat what you do with your money, but be careful shorting bitcoin.  Hell, be careful shorting anything.  The downside is only limited by your imagination and if you can imagine yourself sitting on a street corner selling pencils with a tin cup in your hand, then that's just the start of what could really happen.  Markets have murdered people who thought prices were too high and went short.  And with bitcoin?  Yeah, you'd be surprised how irrational the market can be.

Whaou ok ^^

Anyway I don't trade huge amounts, was just curious about the sentiment of you guys that's all Smiley
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February 21, 2016, 11:49:18 PM
 #6

^^^^^^^^^^^^^^^^^
since you asked for my sentiment, here it is:

"I need to go and take a dump. Right now!" Copyright and Trademarked.

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February 22, 2016, 12:07:32 AM
 #7

I could give a shat what you do with your money, but be careful shorting bitcoin.  Hell, be careful shorting anything.  The downside is only limited by your imagination and if you can imagine yourself sitting on a street corner selling pencils with a tin cup in your hand, then that's just the start of what could really happen.  Markets have murdered people who thought prices were too high and went short.  And with bitcoin?  Yeah, you'd be surprised how irrational the market can be.

Whaou ok ^^

Anyway I don't trade huge amounts, was just curious about the sentiment of you guys that's all Smiley

I'm bullish, it already dropped today and it's best to buy low after a drop then sell high. It's more likely to go up than down after a drop. Shorting is very high risk and can cost you everything you bet. There are bots trading that will manipulate the market to get shorts margin called.
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February 22, 2016, 12:14:31 AM
 #8

Well at the moment it's at $439 and there were some drops yesterday that when from $446 it went to $430 but again it recovered and this has been on the normal scale as anything from $10 to $15 dollar upward/downward are the usual. I'm liking this new uprising that is happening lately, very positive, overall.

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7Priest7
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February 25, 2016, 03:59:57 PM
 #9

it's dropping a bit now, 4$ a day and so, but  i wouldin't call it a huge drop, just pump and dump, and halving is soon that won't drop bitcoins price for sure, just rise it
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February 25, 2016, 04:18:01 PM
 #10

the chances to see a price increase from current price level is more likely than seeing the price go down. i think the price will stay just above $400 for a month before advancing to price levels closer to $500.
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February 25, 2016, 06:03:09 PM
 #11

no now i expect price drop to below $400 just wait and before end of this month we will see price at range $380-$390.
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February 25, 2016, 06:04:15 PM
 #12

Most of time it never goes straight to the top there are some ups and downs. Few weeks earlier the same happened I only hope it will not raise to hard.
yugo23 (OP)
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February 26, 2016, 10:17:51 AM
 #13

Hey, I wouldn't want to brag or anything but 10 days before I said a short was coming, and BIM! a 40$ drop in last few days  Grin
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February 26, 2016, 01:22:01 PM
 #14

Dumping happens now, and if you mean a huge price dump, then i don't thing that it could happen, it will rise only pretty  soon

 
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February 26, 2016, 01:39:16 PM
 #15

Dumping happens now, and if you mean a huge price dump, then i don't thing that it could happen, it will rise only pretty  soon

Yep, i think this is the lowest it can ever get. Price speculations are all bearing for its value to grow up.
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