BEAR MARKET STARTED - BTC is overheated. I OPENED SHORT postition

[The Sceptical Chymist]

Gotta tell you, though I'm more or less a bitcoin bull, shorting it might be a good way to make some quick money.  Hopefully you'll close out your position in time and won't get squashed.  I do not have the testiclats to short anything.  You need to have a good pair of boys for that.  Because if bitcoin went to $1000 tomorrow (could happen), you're dead.

[1714935307]

1714935307

[ask]

I think this is going to be one of those threads that ends up getting gravedigging replies for years to come.

Agree.  Do you hear sound of your money in my pocket?  😊

[podyx]

Good short kid but now is the time to close.

I'm about to open some fucking longs.

[ask]

Good short kid but now is the time to close.

I'm about to open some fucking longs.

Please open them.  I will need them for closing my position,  when you will be margin called.

[Pattberry]

Why shorting on a potentional ATH rally?
Why selling anyways? Just buy and hold for 10 years like stocks.
Invate me later on your new boat.
If you like to gamble go play poker. Bitcorn is nothing like stocks.

you never know what the future holds,this is a new platform and you cant just invest a amount and sit on it for ten years thinking it will be a bright one,everyone expects this to be the solution to the economic slides and no one can predict what the price will be ,so be cautious while you are investing

[Ted E. Bare]

How are your shorts doing?

[exscudo]

I prefer having long positions just for now. What are arguments for btc to depreciate? I mean6 except technical analysis instruments. BTC has been doing well lately, no negative news, correct me if I am wrong.

[JimboToronto]

How are your shorts doing?

In a knot?   

[RyNinDaCleM]

 ... People who think a short can't be closed for some arbitrary length of time.

[bitbunnny]

Wouldn't it be better to keep it on long position for a while? I mean there are no dark clouds on the Bitcoin horizont for now. We can't predict the future exactly and the fall down is always possible but at this very moment there is no fear for it. So I would go for long.

[LFC_Bitcoin]

How are your shorts doing?

At the bottom of the ocean with concrete tied round their ankles

[Spaceman_Spiff]

I am actually also not very bullish for the short-term.  We went up fast and hit resistance.  Some consolidation (we might not drop a lot though) is in order before we go to Mars.

[podyx]

I am actually also not very bullish for the short-term.  We went up fast and hit resistance.  Some consolidation (we might not drop a lot though) is in order before we go to Mars.

Geez, we have gone up like $70 over 11 days. That's not "going up too fast"
You acting like a little girl now.

[European Central Bank]

If it was a quick short that certainly was a good call. The price is looking a little sporty now. Time to close and wait.

[Odalv]

Do you feel pain in your ass ?

No pain.  I hear sound of money in my pocket

How do you feel now ?

[quake313]

[talks_cheep]

OP, ask, has usually been a voice of reason over the past few years on this forum. I'd hate to see anyone lose their money, especially ask. I hope he had closed his short position already.

I've been saying btc price would rise until the end of the year. Just be prepared for a huge crash in January 2017.

[Dinki]

I wonder why people always think a crash will follow every pump... maybe the price is finally stabilising (hopefully)

[spazzdla]

All indicators shows that it is time to leave the train.

SHORTS OPENED..

That must of sucked.

[Paashaas]

The price will crash after a huge spike fomo buy-in followed by a double top, this is not the buying spree yet...