Bitcoin Forum
May 24, 2019, 12:23:53 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: Thinking about shorting bitcoins right now  (Read 1976 times)
accord01
Full Member
***
Offline Offline

Activity: 238
Merit: 100


View Profile
December 03, 2013, 09:14:27 AM
 #1

it is @ 1030 stamp, and 1100 gox... thinking that we may have reached a top right now for the next 7-10 days.  Your thoughts?
1558700633
Hero Member
*
Offline Offline

Posts: 1558700633

View Profile Personal Message (Offline)

Ignore
1558700633
Reply with quote  #2

1558700633
Report to moderator
1558700633
Hero Member
*
Offline Offline

Posts: 1558700633

View Profile Personal Message (Offline)

Ignore
1558700633
Reply with quote  #2

1558700633
Report to moderator
1558700633
Hero Member
*
Offline Offline

Posts: 1558700633

View Profile Personal Message (Offline)

Ignore
1558700633
Reply with quote  #2

1558700633
Report to moderator
GET 25 FREE SPINS AT REGISTRATION
GET 100% BONUS ON FIRST DEPOSIT
PLAY NOW
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1558700633
Hero Member
*
Offline Offline

Posts: 1558700633

View Profile Personal Message (Offline)

Ignore
1558700633
Reply with quote  #2

1558700633
Report to moderator
1558700633
Hero Member
*
Offline Offline

Posts: 1558700633

View Profile Personal Message (Offline)

Ignore
1558700633
Reply with quote  #2

1558700633
Report to moderator
1558700633
Hero Member
*
Offline Offline

Posts: 1558700633

View Profile Personal Message (Offline)

Ignore
1558700633
Reply with quote  #2

1558700633
Report to moderator
ElectricMucus
Legendary
*
Offline Offline

Activity: 1652
Merit: 1001


God of the code.


View Profile WWW
December 03, 2013, 09:18:44 AM
 #2

dont fucking short btc you idiots
Bitbuy
Sr. Member
****
Offline Offline

Activity: 308
Merit: 250


View Profile
December 03, 2013, 09:22:19 AM
 #3

it is @ 1030 stamp, and 1100 gox... thinking that we may have reached a top right now for the next 7-10 days.  Your thoughts?

I don't think we've seen the top this week....1300 USD might be achieved.
TheQuin
Hero Member
*****
Offline Offline

Activity: 924
Merit: 699


Freebitco.in Support https://bit.ly/2I9BVS2


View Profile WWW
December 03, 2013, 09:30:21 AM
 #4

It's going to 1430 (gox) before the next pull back.

freebitcoin.TO WIN A  LAMBORGHINI!..

.
                                ▄▄▄▄▄▄▄▄▄▄███████████▄▄▄▄▄
                    ▄▄▄▄▄██████████████████████████████████▄▄▄▄
                    ▀██████████████████████████████████████████████▄▄▄
                    ▄▄████▄█████▄████████████████████████████▄█████▄████▄▄
                    ▀████████▀▀▀████████████████████████████████▀▀▀██████████▄
                      ▀▀▀████▄▄▄███████████████████████████████▄▄▄██████████
                           ▀█████▀  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  ▀█████▀▀▀▀▀▀▀▀▀▀
                   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
accord01
Full Member
***
Offline Offline

Activity: 238
Merit: 100


View Profile
December 03, 2013, 09:35:09 AM
 #5

maybe i am just really salty right now.  this weekend manipulation/crash/correction just ruined my holidays...  Had a nice position going and it got liquidated/destoryed because 1) the platform i used was shut down/ddos 2) it happened during early sunday morning...

not sure what to do now... i want to find a good position to enter in so i can at least make back my gift money for other people... lol.
wachtwoord
Legendary
*
Offline Offline

Activity: 1932
Merit: 1029


View Profile
December 03, 2013, 09:36:35 AM
 #6

dont fucking short btc you idiots

This.
Elwar
Legendary
*
Offline Offline

Activity: 2800
Merit: 1383


Viva Ut Vivas


View Profile WWW
December 03, 2013, 09:37:14 AM
 #7

Wait for me to move some BTC for you to borrow at a high percentage before you do.

Though the fact that the return is usually only around 2% APY means that hardly anyone ever shorts.

For good reason.

MtGox at $1140 now.

First seastead company actually selling seasteads: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
Seastead talk at http://seasteadtalk.org
UnDerDoG81
Legendary
*
Offline Offline

Activity: 1448
Merit: 1007


View Profile
December 03, 2013, 09:46:07 AM
 #8

From my short experience, Tuesdays new money arrives and ATH´s get reached. From my short experience, if you have balls, friday/saturday is time to sell. People here are saying "dont ever sell on weekends" but I think exactly the oposit.
bitleif
Sr. Member
****
Offline Offline

Activity: 351
Merit: 250


I'm always grumpy in the morning.


View Profile
December 03, 2013, 10:30:33 AM
 #9

maybe i am just really salty right now.  this weekend manipulation/crash/correction just ruined my holidays...  Had a nice position going and it got liquidated/destoryed because 1) the platform i used was shut down/ddos 2) it happened during early sunday morning...

Go read some Eckhart Tolle or something and soak it up. Shorting after a failed crash will only lose you more money.
TheQuin
Hero Member
*****
Offline Offline

Activity: 924
Merit: 699


Freebitco.in Support https://bit.ly/2I9BVS2


View Profile WWW
December 03, 2013, 10:34:38 AM
 #10

maybe i am just really salty right now.  this weekend manipulation/crash/correction just ruined my holidays...  Had a nice position going and it got liquidated/destoryed because 1) the platform i used was shut down/ddos 2) it happened during early sunday morning...

not sure what to do now... i want to find a good position to enter in so i can at least make back my gift money for other people... lol.

That was a perfect 50% retrace, that's the opportunity to get long.


freebitcoin.TO WIN A  LAMBORGHINI!..

.
                                ▄▄▄▄▄▄▄▄▄▄███████████▄▄▄▄▄
                    ▄▄▄▄▄██████████████████████████████████▄▄▄▄
                    ▀██████████████████████████████████████████████▄▄▄
                    ▄▄████▄█████▄████████████████████████████▄█████▄████▄▄
                    ▀████████▀▀▀████████████████████████████████▀▀▀██████████▄
                      ▀▀▀████▄▄▄███████████████████████████████▄▄▄██████████
                           ▀█████▀  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  ▀█████▀▀▀▀▀▀▀▀▀▀
                   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Tirapon
Hero Member
*****
Offline Offline

Activity: 896
Merit: 1000



View Profile
December 03, 2013, 12:45:42 PM
 #11

From my short experience, Tuesdays new money arrives and ATH´s get reached. From my short experience, if you have balls, friday/saturday is time to sell. People here are saying "dont ever sell on weekends" but I think exactly the oposit.

This is an astute observation. The weekend dip seems to happen consistently when Bitcoin is in rally mode - you can generally make 20% if you sell on Friday and buy back over the weekend (usually Sunday). This was exactly the same back in April.

Of course, it works like a charm until it doesn't - If you buy back one Sunday only to find it continues on downwards in the week, don't panic. Simply hold and wait for it to go back up in the long term.
GigaCoin
Sr. Member
****
Offline Offline

Activity: 308
Merit: 250


Giga


View Profile
December 03, 2013, 01:00:39 PM
 #12

From my short experience, Tuesdays new money arrives and ATH´s get reached. From my short experience, if you have balls, friday/saturday is time to sell. People here are saying "dont ever sell on weekends" but I think exactly the oposit.

This is an astute observation. The weekend dip seems to happen consistently when Bitcoin is in rally mode - you can generally make 20% if you sell on Friday and buy back over the weekend (usually Sunday). This was exactly the same back in April.

Of course, it works like a charm until it doesn't - If you buy back one Sunday only to find it continues on downwards in the week, don't panic. Simply hold and wait for it to go back up in the long term.

Yeah i tried that an April, but i just kinda said fuck it at some point and did the old school buy and hold worked like a charm.

zby
Legendary
*
Offline Offline

Activity: 1592
Merit: 1001


View Profile
December 03, 2013, 03:05:42 PM
 #13

From my short experience, Tuesdays new money arrives and ATH´s get reached. From my short experience, if you have balls, friday/saturday is time to sell. People here are saying "dont ever sell on weekends" but I think exactly the oposit.

This is an astute observation. The weekend dip seems to happen consistently when Bitcoin is in rally mode - you can generally make 20% if you sell on Friday and buy back over the weekend (usually Sunday). This was exactly the same back in April.

Of course, it works like a charm until it doesn't - If you buy back one Sunday only to find it continues on downwards in the week, don't panic. Simply hold and wait for it to go back up in the long term.

Weekends in November:

2 - 3      -      mostly flat
9 - 10    - rally on 9th correction on 10th - overall mostly flat
16 - 17  - rally
23 - 24  - rally with a correction - overall maybe a small dip
31 - 1    - now this was a dip

And the previous big correction was on a Tuesday.

There used to be some more complicated forumla for predicting when the weekend dip will happen - but I don't think it works much better. It is not so easy to earn on these weekend dips.


byronbb
Legendary
*
Offline Offline

Activity: 1414
Merit: 1000


HODL OR DIE


View Profile
December 03, 2013, 03:46:51 PM
 #14

Be very careful leveraging in either direction. Market can swing both ways massively.  Smarter and smarter groups with big money is emerging and hunting for n00b stops will become common.

Tirapon
Hero Member
*****
Offline Offline

Activity: 896
Merit: 1000



View Profile
December 03, 2013, 04:01:31 PM
 #15

I'd still say buy and hold is the best strategy. I have lost a lot of trades in BTC/USD. Fortunately, I have more than made up for these losses by trading various alts (mainly Litecoin).

I no longer trade BTC/USD.
GriTBitS
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250


“A decentralized registry for unique assets”


View Profile
December 03, 2013, 06:21:09 PM
 #16

it is @ 1030 stamp, and 1100 gox... thinking that we may have reached a top right now for the next 7-10 days.  Your thoughts?

Shorting in a bull market is a fools game!


  ▄▄█████████                                                                                   
 ██▀       ██                                                                                   
██         ██                                                                                   
██         ██                                                                                   
██         ██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄   
██         ██▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀██▄
██         ██                                                                                ▀█▄
██         ██                                                                                 ██
██         ██                                                                                 ██
██         ██         ▄██████▄    ▄██████▄     ████████▄     █████████   ▀██▄  ▄██▀           ██
██         ██       ▄██▀    ▀▀   ▄██▀  ▀██▄    ██     ▀██▄   ██            ██████             ██
██         ██       ██▀          ██      ██    ██      ▀██   ██▄▄▄▄▄▄       ▀██▀              ██
██         ██       ███          ██▄    ▄██    ██      ▄██   ██            ▄████▄             ██
██         ██        ▀██▄▄▄▄██    ▀██▄▄██▀     ██▄▄▄▄▄██▀    ██▄▄▄▄▄▄▄    ██▀  ▀██            ██
██▄██████████          ▀▀▀▀▀▀      ▀▀▀▀▀▀      ▀▀▀▀▀▀▀▀      ▀▀▀▀▀▀▀▀▀   ▀▀▀    ▀▀▀           ██
███▀                                                                                          ██
██                                                                                            ██
▀█▄                                                                                           ██
 ▀██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ██
   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀██▀▀▀▀▀▀████
                                                                                    ██       ▀██
                                                                                    ██       ▄██
                                                                                    ██      ▄██
                                                                                    ███████▀▀   
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █
█ █ █
█ █
█ █


*   Collect with Trust   *
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █
█ █ █
 █ █
 █ █

antimattercrusader
Sr. Member
****
Offline Offline

Activity: 308
Merit: 250



View Profile
December 04, 2013, 04:23:22 AM
 #17

dont fucking short btc you idiots

lmao yes, this is a good point. I'd hate to short at 1050 and then realize an news story came out regarding Justin Bieber using bitcoin to buy his coke, and check bitcoinity to see it's at 3k. FUCK.

Too much potential upside.

BTC: 13WYhobWLHRMvBwXGq5ckEuUyuDPgMmHuK
GriTBitS
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250


“A decentralized registry for unique assets”


View Profile
December 04, 2013, 05:10:59 AM
 #18

dont fucking short btc you idiots

lmao yes, this is a good point. I'd hate to short at 1050 and then realize an news story came out regarding Justin Bieber using bitcoin to buy his coke, and check bitcoinity to see it's at 3k. FUCK.

Too much potential upside.

Someone send Bieber some bitcoin!


  ▄▄█████████                                                                                   
 ██▀       ██                                                                                   
██         ██                                                                                   
██         ██                                                                                   
██         ██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄   
██         ██▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀██▄
██         ██                                                                                ▀█▄
██         ██                                                                                 ██
██         ██                                                                                 ██
██         ██         ▄██████▄    ▄██████▄     ████████▄     █████████   ▀██▄  ▄██▀           ██
██         ██       ▄██▀    ▀▀   ▄██▀  ▀██▄    ██     ▀██▄   ██            ██████             ██
██         ██       ██▀          ██      ██    ██      ▀██   ██▄▄▄▄▄▄       ▀██▀              ██
██         ██       ███          ██▄    ▄██    ██      ▄██   ██            ▄████▄             ██
██         ██        ▀██▄▄▄▄██    ▀██▄▄██▀     ██▄▄▄▄▄██▀    ██▄▄▄▄▄▄▄    ██▀  ▀██            ██
██▄██████████          ▀▀▀▀▀▀      ▀▀▀▀▀▀      ▀▀▀▀▀▀▀▀      ▀▀▀▀▀▀▀▀▀   ▀▀▀    ▀▀▀           ██
███▀                                                                                          ██
██                                                                                            ██
▀█▄                                                                                           ██
 ▀██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ██
   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀██▀▀▀▀▀▀████
                                                                                    ██       ▀██
                                                                                    ██       ▄██
                                                                                    ██      ▄██
                                                                                    ███████▀▀   
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █
█ █ █
█ █
█ █


*   Collect with Trust   *
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █ █
█ █ █
█ █ █
 █ █
 █ █

TERA
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500



View Profile
December 04, 2013, 05:37:20 AM
 #19

Keep your liquidation price well below the bottom of the previous correction.  I had mine at 350 and then when the correction started I sold enough to drop it to 180.
NUFCrichard
Legendary
*
Offline Offline

Activity: 1218
Merit: 1003


View Profile
December 04, 2013, 07:24:30 AM
 #20

Historically shorting bitcoin hasn't been very profitable.  You're braver than me if you do it!
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!