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BetterBitcoinUp (OP)
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January 25, 2013, 06:38:09 PM
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Shorting now. Looking to buy back at BTC 17.15 - 17.20.
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BetterBitcoinUp (OP)
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January 25, 2013, 07:15:18 PM
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Still holding my short position. Dropping too fast.
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January 25, 2013, 07:56:11 PM
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It's been pretty hectic the last couple days. It went from (when I was checking) over $18 the night of the 23rd to just under $16 last night.
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January 25, 2013, 09:56:46 PM
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It would be nice if it crash to 8$ then raise up like it was (13$-14$).
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January 25, 2013, 10:41:35 PM
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I've already taken profits from the short bounce from yesterdays bottom.  I'm not jumping back in until everything settles out a bit and trends become clear again.
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January 25, 2013, 10:51:38 PM
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With these occasional wild fluctuations, how safe would it be to sit in a short position? If for some reason bitcoin were to have another peak and bust cycle, but your short trade expired when the price was at a peak, couldn't you end up losing quite a bit of USD in the process?
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January 25, 2013, 11:00:39 PM
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Quote from: Beepbop on January 25, 2013, 10:51:38 PM
With these occasional wild fluctuations, how safe would it be to sit in a short position? If for some reason bitcoin were to have another peak and bust cycle, but your short trade expired when the price was at a peak, couldn't you end up losing quite a bit of USD in the process?

If you want leverage go play with SatoshiDice.

Leveraging Bitcoin is to risky as market is too easily controlled.

When Zhutong was rolling, the effect was obvious in the market, He traded against his customers positions.
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