Guy loses 240-600 BTC trying to short

[Sithara007]

it is painfull to see someone loose so many btc's, trading is always risky and shorting is too.

Yup. Engage yourself in margin trading only if you can afford to lose big. It is just like online gambling. Either you lose all your money, or you win big. In my opinion, noobs must refrain from it, before it becomes an addiction.

[el kaka22]

it is painfull to see someone loose so many btc's, trading is always risky and shorting is too.

Yes, it is real shame to see so much money going down the drain like that, trading has been never an easy job and like any quick way to make money on the internet it has a lot of risks involved in it, so if you want to get into trading you need to be careful and know what you are risking.

[ridery99]

sorting in this environment is very bad move because we are going to the permanen 2k bull market before we 10k quick rick everybody pofit +

[Omega Weapon]

it is painfull to see someone loose so many btc's, trading is always risky and shorting is too.

It will be painful if it was my money, when I see someone else losing that amount of money in such a silly trade the only thing I can think is why you took such a decision? When it was very obvious the market did not agree with that vision, you tried to outsmart the markets and now you are paying the consequences.

[emezh10]

it is painfull to see someone loose so many btc's, trading is always risky and shorting is too.

It will be painful if it was my money, when I see someone else losing that amount of money in such a silly trade the only thing I can think is why you took such a decision? When it was very obvious the market did not agree with that vision, you tried to outsmart the markets and now you are paying the consequences.

Well. That is how trading works I lost again some bitcoin in my past trade yesterday but I will take as a lesson and a experience. But for the guy that losses that very large amount of bitcoin I think it's alarming if something like that happen to me my God I will cry overnight. But I don't have that large amount of bitcoin so that's impossible. The lesson there is invest inlegit coin only don't trust new coins.

[Omega Weapon]

it is painfull to see someone loose so many btc's, trading is always risky and shorting is too.

It will be painful if it was my money, when I see someone else losing that amount of money in such a silly trade the only thing I can think is why you took such a decision? When it was very obvious the market did not agree with that vision, you tried to outsmart the markets and now you are paying the consequences.

Well. That is how trading works I lost again some bitcoin in my past trade yesterday but I will take as a lesson and a experience. But for the guy that losses that very large amount of bitcoin I think it's alarming if something like that happen to me my God I will cry overnight. But I don't have that large amount of bitcoin so that's impossible. The lesson there is invest inlegit coin only don't trust new coins.

Yeah I know and it is nice to see that you are learning the difficult art of trading, but losing that amount of bitcoin just to learn a lesson? I don’t know if will ever recover from such a loss, not only in economic terms but in psychological terms.

[Mometaskers]

BTC240-BTC600?! I can't even imagine how much that all cost! I'm not yet familiar with trading, so how did he lose it? He sold all his BTC in hopes of buying it again for a lower price? I've been looking through the price change, it seems that plunges usually don't last long, it would be really risky to try this approach.

If I have that much bitcoin, how could I grow it other than shorting? I hear about buying cryptos and I somehow understand the concept but do people earn profits there or at least, is the risk smaller?

[deisik]

BTC240-BTC600?! I can't even imagine how much that all cost! I'm not yet familiar with trading, so how did he lose it? He sold all his BTC in hopes of buying it again for a lower price? I've been looking through the price change, it seems that plunges usually don't last long, it would be really risky to try this approach

It doesn't matter how short they are

That dude most likely had buy orders already in place, so if the price dropped only for a few seconds with just one big-time, wall-crushing sell order (as it often happens), he would have booked enough profits to cover his shorts. But he obviously made a devastatingly typical mistake, i.e. he thought he knew it better. But market always fools such types (and most other types as well, just in case)

[cpfreeplz]

I should have shorted last night but I am way too lazy and always end up HODLing. If you aren't an idiot shorting and buying back can just give you exponentially more profit than HODLing alone can.

[Sled]

That is one of the risk of shorting because it is too risky because we can see that the price is very volatile and playing the bitcoin market while bitcoin price is on the top is almost a stupid thing and if you don't know how to minimize your risk then you are an idiot for risking your bitcoins or money to a very risky market like this.