proudhon
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Activity: 2198
Merit: 1311
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November 15, 2011, 11:27:16 AM |
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Shorting bitcoin has been a good way to go for the past 5 months. 5 months from now I'm confident we'll be even lower (< $1), so even shorting now will probably turn out profitable.
Hope some of you were lucky enough to have shorted when everyone else was warning of a reversal and BIG squeeze. If you did, congrats on your winnings. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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gewure
Sr. Member
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Activity: 364
Merit: 250
[#][#][#]
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November 15, 2011, 02:00:07 PM |
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Shorting bitcoin has been a good way to go for the past 5 months. 5 months from now I'm confident we'll be even lower (< $1), so even shorting now will probably turn out profitable.
Hope some of you were lucky enough to have shorted when everyone else was warning of a reversal and BIG squeeze. If you did, congrats on your winnings. put 20 BTC on bitcoinica, sold 96, won 35. -> ROI of 275% 
i am now shortterm bull with 20 BTC, after a rebounce i expect to happen very soon, i will be short again. best thing: i feel like i gained alot of market/trading experience within a very short time. |
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BadBear
v2.0
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November 15, 2011, 02:11:02 PM |
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Shorting bitcoin has been a good way to go for the past 5 months. 5 months from now I'm confident we'll be even lower (< $1), so even shorting now will probably turn out profitable.
Hope some of you were lucky enough to have shorted when everyone else was warning of a reversal and BIG squeeze. If you did, congrats on your winnings. Yeah woke up to a nice surprise this morning, was expecting a drop but not that big and fast. Now to decide on the future. I expect there may be a mini rally, but it certainly won't go back to 3. |
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gewure
Sr. Member
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Activity: 364
Merit: 250
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November 15, 2011, 02:33:13 PM |
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Shorting bitcoin has been a good way to go for the past 5 months. 5 months from now I'm confident we'll be even lower (< $1), so even shorting now will probably turn out profitable.
Hope some of you were lucky enough to have shorted when everyone else was warning of a reversal and BIG squeeze. If you did, congrats on your winnings. put 20 BTC on bitcoinica, sold 96, won 35. -> ROI of 275%
i am now shortterm bull with 20 BTC, after a rebounce i expect to happen very soon, i will be short again. best thing: i feel like i gained alot of market/trading experience within a very short time. I feel the same way at the casino every time I win at a new game:P lol. good point |
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molecular
Donator
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November 15, 2011, 03:39:49 PM |
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best thing: i feel like i gained alot of market/trading experience within a very short time.
I feel the same way at the casino every time I win at a new game:P Haha, good answer. Was thinking along these lines but didn't manage to come up with this. |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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S3052 (OP)
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Activity: 2100
Merit: 1000
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November 15, 2011, 07:21:20 PM |
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If the person(s) who have the 50,000 BTC bid on MtGox pull this out, prices will fall like a stone (or should I say falling knife)
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kokjo
Legendary
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Activity: 1050
Merit: 1000
You are WRONG!
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November 15, 2011, 07:28:23 PM |
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If the person(s) who have the 50,000 BTC bid on MtGox pull this out, prices will fall like a stone (or should I say falling knife)
but the bid wall it also proof that maniputators/traders/investors/bigmoney are intrested in bitcoin. and there are enough buy power to get over 5. right? |
"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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ElectricMucus
Legendary
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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November 15, 2011, 07:28:49 PM |
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If the person(s) who have the 50,000 BTC bid on MtGox pull this out, prices will fall like a stone (or should I say falling knife)
The irony about this is if that happens whoever that wall belongs to would make more profits from smashing the sell orders that would pop up afterwards. I guess he is just waiting till the technicals support it so it doesn't look so arbitrarily. The question for the rest of us is: can we trade successfully in a cornered market? (I know this sounds kinda silly but if you think as time as your enemy...) |
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S3052 (OP)
Legendary
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Activity: 2100
Merit: 1000
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November 15, 2011, 07:36:29 PM |
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Its still not that difficult to make money in this market. Looking at the charts, you dont even see any evidence for any cornering. Its just normal volatility. And its also normal that its gets more volatile on the way down.
I.e. you could have sold or shorted bitcoins around 25-30 $ (I issued a sell signal on Jun 12th with target dowon to at least 5 $) and fared quite well with it.
And currently, being on the short side is still a viable option.
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ElectricMucus
Legendary
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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November 15, 2011, 07:44:23 PM |
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That I know, but I'm kind of impatient and love to do some scalping when I am around  |
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gewure
Sr. Member
Offline
Activity: 364
Merit: 250
[#][#][#]
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November 15, 2011, 08:08:50 PM |
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That I know, but I'm kind of impatient and love to do some scalping when I am around im betting on a mini-rally to 2.5 and then a big drop again to the 1.8 or so, then again deeper and then the final buy buy buy. |
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Crypt_Current
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November 15, 2011, 09:29:21 PM |
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That I know, but I'm kind of impatient and love to do some scalping when I am around im betting on a mini-rally to 2.5 and then a big drop again to the 1.8 or so, then again deeper and then the final buy buy buy. Your mini-rally to 2.5 happened last night. |
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Crypt_Current
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November 15, 2011, 09:31:45 PM |
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If the person(s) who have the 50,000 BTC bid on MtGox pull this out, prices will fall like a stone (or should I say falling knife)
but the bid wall it also proof that maniputators/traders/investors/bigmoney are intrested in bitcoin. and there are enough buy power to get over 5. right? Not necessarily, at least not right now. The "manipulator" is Bitcoinica. I don't understand how no one else seems to get that. They're responsible for 1/3 of MtGox's volume. |
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teflone
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November 15, 2011, 09:41:22 PM |
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If the person(s) who have the 50,000 BTC bid on MtGox pull this out, prices will fall like a stone (or should I say falling knife)
but the bid wall it also proof that maniputators/traders/investors/bigmoney are intrested in bitcoin. and there are enough buy power to get over 5. right? Not necessarily, at least not right now. The "manipulator" is Bitcoinica. I don't understand how no one else seems to get that. They're responsible for 1/3 of MtGox's volume. This is an interesting thought... this almost fits... |
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Crypt_Current
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November 15, 2011, 09:44:13 PM |
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If the person(s) who have the 50,000 BTC bid on MtGox pull this out, prices will fall like a stone (or should I say falling knife)
but the bid wall it also proof that maniputators/traders/investors/bigmoney are intrested in bitcoin. and there are enough buy power to get over 5. right? Not necessarily, at least not right now. The "manipulator" is Bitcoinica. I don't understand how no one else seems to get that. They're responsible for 1/3 of MtGox's volume. This is an interesting thought... this almost fits... ::: extends hand hoping for a donation :::  |
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teflone
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November 15, 2011, 09:51:52 PM |
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If the person(s) who have the 50,000 BTC bid on MtGox pull this out, prices will fall like a stone (or should I say falling knife)
but the bid wall it also proof that maniputators/traders/investors/bigmoney are intrested in bitcoin. and there are enough buy power to get over 5. right? Not necessarily, at least not right now. The "manipulator" is Bitcoinica. I don't understand how no one else seems to get that. They're responsible for 1/3 of MtGox's volume. This is an interesting thought... this almost fits... ::: extends hand hoping for a donation ::: Well if you need it that bad...  There you go. Now how do we use this information.. ? |
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Crypt_Current
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November 15, 2011, 09:52:46 PM |
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If the person(s) who have the 50,000 BTC bid on MtGox pull this out, prices will fall like a stone (or should I say falling knife)
but the bid wall it also proof that maniputators/traders/investors/bigmoney are intrested in bitcoin. and there are enough buy power to get over 5. right? Not necessarily, at least not right now. The "manipulator" is Bitcoinica. I don't understand how no one else seems to get that. They're responsible for 1/3 of MtGox's volume. This is an interesting thought... this almost fits... ::: extends hand hoping for a donation ::: Well if you need it that bad... There you go. Now how do we use this information.. ? Thanks. Only way I know how to use it is to cut me a slice of the pie ;-) |
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epetroel
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November 15, 2011, 09:56:45 PM |
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That I know, but I'm kind of impatient and love to do some scalping when I am around If you're looking to make a quick buck, buy in USD on gox and sell for EUR or GBP on Intersango or Tradehill. Both look pretty good right now. |
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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November 15, 2011, 10:11:47 PM |
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That I know, but I'm kind of impatient and love to do some scalping when I am around If you're looking to make a quick buck, buy in USD on gox and sell for EUR or GBP on Intersango or Tradehill. Both look pretty good right now. Who would want euros right now? |
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old_engineer
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November 16, 2011, 01:47:31 AM |
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That I know, but I'm kind of impatient and love to do some scalping when I am around If you're looking to make a quick buck, buy in USD on gox and sell for EUR or GBP on Intersango or Tradehill. Both look pretty good right now. Who would want euros right now? Not me! |
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