Has the Tide Shifted?

[NiceSoft12]

It's always been said "Never short Bitcoins"

That's been the lingo up until now and it holds true. People shorting Bitcoins often got hurt.

However will the tide shift now? It seems like Bitcoin will form a pyramid shape with $20,000 being it's apex.

Will there be a new lingo of "Never go long on Bitcoins"?

A big sign of Bitcon's demise: Bulltards making many reverse FUD threads with multiple accounts.

[TERA2]

It's always been said "Never short Bitcoins"

That's been the lingo up until now and it holds true. People shorting Bitcoins often got hurt.

However will the tide shift now? It seems like Bitcoin will form a pyramid shape with $20,000 being it's apex.

Will there be a new lingo of "Never go long on Bitcoins"?

A big sign of Bitcon's demise: Bulltards making many reverse FUD threads with multiple accounts.

I will never go short on Bitcoin, and will rarely go short on anything, ever. It's either go long or find a different market. Shorting is a stupid class of trade - finite gains, infinite losses, and you have to borrow money and hold it on a third party exchange.

Scenario 1: You go short on bitcoin and your trade is doing great. Bitcoin is tanking and you are up 50%. But the exchange gets hacked and you lost all your money even though you were right.

Scenario 2: You go short on bitcoin and the exchange shuts down for weeks. During this time bitcoin rallies 500%. The exchange reopens and you owe the exchange 500% of your investment.

[davis196]

Who is saying that?You are free to shoose whatever trading strategy you want.
Shorting will become more and more profitble and more traders will short.I don`t believe that bitcoins massive growth will continue during the next year.There will be high volatility,a few big price crashes and maybe some peak at around 21000 USD during the summer.

[TERA2]

The best case in shorting you make a 50%-90% profit. Big deal. It's not worth the massive risk. If you're that bearish on Bitcoin just go to a different market or buy an alt or ripple and possibly make 500% profit instead of 50%, with much less risk

During bitcoin bear markets, liqudiity is being removed and there is less volume and less volatility so it is harder to get into and out of your trades even if they are short. It's also the time when exchanges start glitching, getting shit down, and getting hacked. It's really just the time to leave the market and trade something else.

I think it was one of those big shot banking guys that said they wouldnt short Bitcoin even though they hated it and it was going down.

[YuginKadoya]

Who is saying that?You are free to shoose whatever trading strategy you want.
Shorting will become more and more profitble and more traders will short.I don`t believe that bitcoins massive growth will continue during the next year.There will be high volatility,a few big price crashes and maybe some peak at around 21000 USD during the summer.

Yup! Bitcoin is volatile that we can never say for sure, There can be a resistance or a bullish trend next year anything is possible with bitcoin let's just hope it can be positive for all of us, But that is not a fact to happen because there will be a short end that someone will gain and even losses that one can acquire but again even if bitcoin have a dip, crash, or resistance there will be a time that it can get back up to its bullish state.

[BrewMaster]

It's always been said "Never short Bitcoins"

saying "Never short" is like saying "Always HODL" bitcoin. neither are good suggestions. different times need different strategies and each time you should never go overboard with either of them.

That's been the lingo up until now and it holds true. People shorting Bitcoins often got hurt.

that is a wrong statement.
people who don't understand the market will always get hurt.
for example if you started shorting bitcoin when it reached $19600 and the fall began you could have made a lot of money. but if you start shorting bitcoin now you will be kidding yourself!

However will the tide shift now? It seems like Bitcoin will form a pyramid shape with $20,000 being it's apex.

i don't see any reason nor any indication of any tide changing.

[HeRetiK]

It's always been said "Never short Bitcoins"

That's been the lingo up until now and it holds true. People shorting Bitcoins often got hurt.

However will the tide shift now? It seems like Bitcoin will form a pyramid shape with $20,000 being it's apex.

Will there be a new lingo of "Never go long on Bitcoins"?

A big sign of Bitcon's demise: Bulltards making many reverse FUD threads with multiple accounts.

The problem with shorting Bitcoin is that you might be right about the current market trend, but still get hit by a margin call due to short term volatility. Bitcoin is that unpredictable, especially during times when shorting becomes most attractive.

While I get the overall bear sentiment -- after all the market has grown a lot and growth can't be sustained indefinitely -- I don't quite get why you assume that Bitcoin will be "a pyramid shape with $20,000 being its apex". Do you expect people to simply go home and abandon Bitcoin, until it breaks down to zero and is only mined on CPUs again in 10 years time? Markets are cyclical, why do you expect Bitcoin to behave differently?

[dothebeats]

And isn't this thread just one of the FUDs that happened to belittle an opposite idealism? Look at how irony works lol. Whatever works on a certain person should be the one he/she follows to make a profit since not a single strategy works for all. I've been shorting and holding bitcoin for years now and I don't even have a mixed opinion about the two strategies since it works for me. Those who held long still are in profit, and those who tried to short during rises end up being burned. It's a case by case basis; certain strategies work on certain events so you better act/trade accordingly in order to not get burned.

[btcone111]

Well anyone that's great at timing the market could have made a lot of profit by shorting it from $19K to $12K easily.
Of course everyone's trading timeframe is different it all depends on your own strategy.

[jubalix]

no its more how do you short BTC.....because you can't forward 100% sell without already taking physical delivery or risk being reneged on. A few legacy trading houses are going to find this out....the hard way.

[criptix]

no its more how do you short BTC.....because you can't forward 100% sell without already taking physical delivery or risk being reneged on. A few legacy trading houses are going to find this out....the hard way.

except you sit on several hundred thousand btc 

[player514]

It's always been said "Never short Bitcoins"

That's been the lingo up until now and it holds true. People shorting Bitcoins often got hurt.

However will the tide shift now? It seems like Bitcoin will form a pyramid shape with $20,000 being it's apex.

Will there be a new lingo of "Never go long on Bitcoins"?

A big sign of Bitcon's demise: Bulltards making many reverse FUD threads with multiple accounts.

That last statement made me chuckle. It's really funny how those forum spammers think they'll change the general population's outlook on bitcoin. They don't seem to know that what the public thinks of bitcoin is simply the news that's published and announced for the average Joes.

I don't think it's soon enough to say whether or not Bitcoin will have another rally. It seems like we've been in this limbo period of 13000-15000 for a while now, and there are small gains here and there as well as no huge losses. For now, I doubt we can predict that far into the future.

[criptix]

It's always been said "Never short Bitcoins"

That's been the lingo up until now and it holds true. People shorting Bitcoins often got hurt.

However will the tide shift now? It seems like Bitcoin will form a pyramid shape with $20,000 being it's apex.

Will there be a new lingo of "Never go long on Bitcoins"?

A big sign of Bitcon's demise: Bulltards making many reverse FUD threads with multiple accounts.

That last statement made me chuckle. It's really funny how those forum spammers think they'll change the general population's outlook on bitcoin. They don't seem to know that what the public thinks of bitcoin is simply the news that's published and announced for the average Joes.

I don't think it's soon enough to say whether or not Bitcoin will have another rally. It seems like we've been in this limbo period of 13000-15000 for a while now, and there are small gains here and there as well as no huge losses. For now, I doubt we can predict that far into the future.

we have been at the 300-600 $ range for the last 3+ years - that was a while  

[HeRetiK]

[...]

I don't think it's soon enough to say whether or not Bitcoin will have another rally. It seems like we've been in this limbo period of 13000-15000 for a while now, and there are small gains here and there as well as no huge losses. For now, I doubt we can predict that far into the future.

I love how one week of going sideways is Bitcoin being stuck in limbo for "a while" with 2 weeks without growth after a year long bull market being viewed as the end of the current boom cycle.

Now I'm not saying that the bull market will continue, it's just kind of funny how long these comparably short timeframes feel when dealing with crypto.

[pooya87]

trading is all about timing. anyone who doesn't understand this shouldn't be trading at all.
with that said, there is no never short bitcoin, or short bitcoin and there is no tide. the time to short is long gone and now we have an unpredictable market which is going sideways for the most part. you may think you have guessed the "tide" here but you will be surprised when it goes against your guess.

which is why it is best to stay away and take low bid positions, and is why the volume drops at times like this and only goes up when a sudden big drop or rise happens.

[949miner]

The only ones who are always shorting bitcoins are those who are mad about bitcoin or what the real concept is.

I have seen a lot of newbie accounts in here talking crap about what bitcoin is, what bitcoin is going to be.

It is sad.. But this is how the world is at the moment and we should know that this will keep going on for the next few years.

If you are smart enough, you can take profit from a short position, but i would never bet for a short position for more than months! It is like saying; Yeah, well take my money for free!

there is no never short bitcoin, or short bitcoin and there is no tide. the time to short is long gone and now we have an unpredictable market which is going sideways for the most part.

[tokeweed]

It's always been said "Never short Bitcoins"

That's been the lingo up until now and it holds true. People shorting Bitcoins often got hurt.

However will the tide shift now? It seems like Bitcoin will form a pyramid shape with $20,000 being it's apex.

Will there be a new lingo of "Never go long on Bitcoins"?

A big sign of Bitcon's demise: Bulltards making many reverse FUD threads with multiple accounts.

I think the 'Never short Bitcoin' rule still applies for the long term and the better strategy is to trade some BTC for some trending altcoins.

And keep in mind, Bitcoin's dominance has been going down and that could continue on for the better part of 2018.

[BitHodler]

I think the 'Never short Bitcoin' rule still applies for the long term and the better strategy is to trade some BTC for some trending altcoins.

It all depends on the moment of entering the market. If you took positions in altcoins before the massive increase of Bitcoin, it would result in a massive loss as per the altcoin to satoshi ratio.

The only reason altcoins are peaking right now is purely based on USD and Bitcoin's increase. Look at the majority of the top altcoins ~ per their satoshi ratio, they are still massively down, which is what people here tend to ignore.

If Bitcoin ends up increasing further in the coming weeks, altcoin's per their satoshi ratio will go down even further. In other words, investing in altcoins with fiat seems to be a better option overall.

[milkshock100]

None - I repeat none - of the alts can survive let alone prosper without at a minimum a stable price bitcoin.

Bitcoin is the brain - if it dies so does all else

[criptix]

I think the 'Never short Bitcoin' rule still applies for the long term and the better strategy is to trade some BTC for some trending altcoins.

It all depends on the moment of entering the market. If you took positions in altcoins before the massive increase of Bitcoin, it would result in a massive loss as per the altcoin to satoshi ratio.

The only reason altcoins are peaking right now is purely based on USD and Bitcoin's increase. Look at the majority of the top altcoins ~ per their satoshi ratio, they are still massively down, which is what people here tend to ignore.

If Bitcoin ends up increasing further in the coming weeks, altcoin's per their satoshi ratio will go down even further. In other words, investing in altcoins with fiat seems to be a better option overall.

Not people - greedy noobs