accord01 (OP)
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December 03, 2013, 09:14:27 AM |
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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?
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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December 03, 2013, 09:18:44 AM |
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dont fucking short btc you idiots
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Bitbuy
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December 03, 2013, 09:22:19 AM |
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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.
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TheQuin
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December 03, 2013, 09:30:21 AM |
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It's going to 1430 (gox) before the next pull back.
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accord01 (OP)
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December 03, 2013, 09:35:09 AM |
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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.
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wachtwoord
Legendary
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Activity: 2338
Merit: 1136
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December 03, 2013, 09:36:35 AM |
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dont fucking short btc you idiots
This.
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Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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December 03, 2013, 09:37:14 AM |
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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.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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UnDerDoG81
Legendary
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Activity: 2179
Merit: 1201
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December 03, 2013, 09:46:07 AM |
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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.
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bitleif
Sr. Member
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Activity: 351
Merit: 250
I'm always grumpy in the morning.
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December 03, 2013, 10:30:33 AM |
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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.
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TheQuin
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December 03, 2013, 10:34:38 AM |
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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.
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Tirapon
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December 03, 2013, 12:45:42 PM |
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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.
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GigaCoin
Sr. Member
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Activity: 308
Merit: 251
Giga
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December 03, 2013, 01:00:39 PM |
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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.
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zby
Legendary
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Activity: 1592
Merit: 1001
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December 03, 2013, 03:05:42 PM |
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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.
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byronbb
Legendary
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Activity: 1414
Merit: 1000
HODL OR DIE
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December 03, 2013, 03:46:51 PM |
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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.
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Tirapon
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December 03, 2013, 04:01:31 PM |
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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.
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GriTBitS
Sr. Member
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Activity: 448
Merit: 250
“A decentralized registry for unique assets”
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December 03, 2013, 06:21:09 PM |
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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!
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antimattercrusader
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December 04, 2013, 04:23:22 AM |
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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.
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BTC: 13WYhobWLHRMvBwXGq5ckEuUyuDPgMmHuK
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GriTBitS
Sr. Member
Offline
Activity: 448
Merit: 250
“A decentralized registry for unique assets”
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December 04, 2013, 05:10:59 AM |
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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!
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TERA
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December 04, 2013, 05:37:20 AM |
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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.
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NUFCrichard
Legendary
Offline
Activity: 1218
Merit: 1003
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December 04, 2013, 07:24:30 AM |
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Historically shorting bitcoin hasn't been very profitable. You're braver than me if you do it!
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