Short now = make lots of money?

[crzy]

The major take on this is that crypto trading is full of surprises and your plans go to shit in seconds

first always be ready to risk what you can lose!!

yes you can make good money also you can lose lots of money

Yeah, whether you trade short or long you are still vulnerable and in trading losing is normal. Of course its good for us to be ready for the possibility of losing because you took the risk of trading. Your trading skills is also important, you can make a lot of profit in short trade if you have it.

[1714101905]

1714101905

[Ferris419]

Short trade now good profitable if you have minimum 1 BTC plus. Without good investment you will not get enough/good profit. I think at this time 1 BTC is good for getting profitable money by short trading. Trading is powerful if had proper knowledge.

[TradingIsBreath]

Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...

Looking at current TA and FA's like Bakkt and other news its not the time to setup a huge short. If this question was in June/July 2018 then definitely it was a YES.

Fundamental Analysis:
2019 has not started with a not-so-bad note as the master is slowly taking off. A couple of days back in a Forbes article by Charles Bovaird, it was mentioned that Bitcoin could experience further gains once it reaches above $4,000, according to sentiment data and analysis.  Even NASDAQ, the second largest stock exchange in the world has also vowed to launch Bitcoin futures in the first half of 2019. It is going to start on a good note as the digital assets platform, Bakkt is going to get introduced. Bakkt has already raised $182.5 million and is supported by 12 partners including Pantera Capital, Boston Consulting Group, Galaxy Digital and many more. The owners of Galaxy Digital, the Winklevoss brothers recently stated in the Aske Me Anything(AMA) session that Bitcoin is the most likely winner in the long term.

Read more: https://coinswitch.co/news/bitcoin-price-prediction-2019-btc-price-to-touch-23500-in-2019

Technical Analysis:

Refer Charts: https://www.tradingview.com/chart/XBTUSD/zcWogG4z-BITCOIN-LONG-TERM-VIEW/
Scenario 1: Bullish (Uptrend)

If BTC close above $3650 Daily and the weekly frame shows a reversal pattern (Green Engulfing candle) we might enter at these levels ($3600) with a target around $4000+ which eventually might restest Resistance Zone ($4400-$5400) in the coming weeks.

Scenario 2: Bearish (Downtrend)

If BTC couldn’t break the previous support ($3600) turned resistance in the coming weeks then there are two Bounce(rebound) zone for Bullish reversal ranging from $1800-$2400 and $896-$1200 for coming weeks and month.

Now, we have reached the last segment of our analysis where we will mention the news and event analysis

Institutional bodies are getting interested in cryptocurrencies. One such example is the U.S. state of Ohio accepting tax payments. Merchants like Overstock, eGifter, Expedia, Shopify accept Bitcoins as payments and several people are testifying on social media how they purchased goods and services with cryptocurrencies such as BTC , ETH, and BNB.
The supply of Bitcoin is finite and limited to 21 Million hence the demand is not going down. Second, that the number of Bitcoins generated per block is set to decrease by 50% every 210,000 blocks. For example, if today each miner receives 12.5 Bitcoins for solving (mining) a block, after the next halving event they will receive only 6.25 BTC and so forth.
2018 was filled with rumors of institutional investors buying into cryptocurrencies, especially Bitcoin . Several times, the Bitcoin ETF has been rejected in 2018. But recently an SEC commissioner has started a Bitcoin ETF is definitely possible. In 2019, NASDAQ is going to work with the US Commodity Futures Trading Commission (CFTC) to launch Bitcoin futures in the first quarter of 2019.
Conclusion

While bull and bear markets are nothing new in the financial world and Bitcoin has been through the bear cycle before and recovered well from it with given time. Bitcoin is here to stay, it’s worth exploring the drops in value and equally fast recovery the currency has experienced. History shows that the top cryptocurrency has sustained much more rapid losses during a shorter period of time over the course of the past several years, and has not discouraged long-term investors.

Do not conclude for a short or long just because the market is bearish since past few months. Read, understand, ask, try Test-net and other tools. Have your own strategy, paper trade on using your strategy. Work on your strategy and improve it. At the end of the its your hard earning so please be more specific before taking any action.

[ajaymukund]

Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...

That is a very good idea. Long-term investment at the moment will be a risky decision and we may suffer losses.
I think our market needs more than 4 years to recover and grow again. Buying BTC now and holding in the long term will be a big disadvantage because we will waste a lot of time.
Currently our market still has instability and we should make use of it to trade and make a lot of money.

[Willitivity]

Learning to keep your cool at any point is one good thing to learn and master, don't panic sell when the price drops abd don't be overexcited when the price increases. Shorting is not an easy thing, it can get real bad and you might lose a great part of initial capital. Shorting at this point is not really advisable, the market is just sinking and no good signs of a reversal.

[coinplus]

Short trade now good profitable if you have minimum 1 BTC plus. Without good investment you will not get enough/good profit. I think at this time 1 BTC is good for getting profitable money by short trading. Trading is powerful if had proper knowledge.

Why do we need minimum 1BTC for shorting ? Are you talking about leveraged trading ? I never suggest such a thing because it is purely gambling as you will be thrown out of trading when the direction of market will be going against you even just for a short duration too. Most probably market is at it bottom right now, hence sorting now is not at all recommended unless otherwise bitcoin will be breaking and holding below $3000 levels.

Shorting is not an easy thing, it can get real bad and you might lose a great part of initial capital. Shorting at this point is not really advisable, the market is just sinking and no good signs of a reversal.

When there is no sign of reversal then shorting is a good way to make money ? I did not get your point. Market had already sunk a lot hence it may go sinking further or will make a reversal. Need to wait for some more time to get clear idea on where market is heading.

[nicolas1979]

Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...

Many people use short term period strategy to keep their asset has income and I think that is good idea. Long term period strategy can make you lost patience and asset in big value but short term term will give you result and experience in 1 - 2 days. Bitcoin looks bad but can survive but I see eth and xrp more promised than btc, they have more significant price action that can be use to make money. See their history and trends, never forget your stop loss and follow your own rules.

[iMark]

The major take on this is that crypto trading is full of surprises and your plans go to shit in seconds

first always be ready to risk what you can lose!!

yes you can make good money also you can lose lots of money

Yeah, whether you trade short or long you are still vulnerable and in trading losing is normal. Of course its good for us to be ready for the possibility of losing because you took the risk of trading. Your trading skills is also important, you can make a lot of profit in short trade if you have it.

Thats right, you can make big profits in the short term, you can also lose big amount in the short term, everything depends on you in managing it. first your knowledge and skills greatly influence the results, the greater your knowledge, the greater the chance to win in short term or long term

[adaseb]

Shorting is not as easy as you think. Some people I knew lost lots of money because they bought BTC at like $16K. When it hit $6K in June 2018 they became bears and started shorting. However they basically made no money because they kept shorting, covering at a loss thinking the bear market was done and then when it went down again, they reshorted again at $6K and again took a loss when it looked like it was going to go up.

Then in Sept/Oct they gave up thinking it would trade sideways forever or go up and then November came which would of been the perfect time to short and they weren't in a position.

In general its difficult making money in bear markets or sideway markets. Whether its stock or Crypto. The bull markets are usually very easy to trade.

[Bijikopi]

trading as no guarantee if you invest money by thinking then you will definitely lose , we should invest money by analyzing and by calculating risks if you think that markets will go even low who know this might be the  bottom and you will risk your investments   

in trading profit and loss it is a risk. if we are afraid of risk then do not trade, but we can find ways to minimize the risk of loss, one of which we can make observations and do some simulations, because if we can master the bitcoin price movements then our chances of losing can not occur.
second, don't risk too much money because we never know that it will happen at a price in the future, if we are not so sure we can use a little money.

[Kemarit]

Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...

LOL, if you don't have the experience to back it up then I suggest you stay away. You will hear a lot of traders shorting, but it doesn't mean that they're taking profits like every other days. It takes years of experience to short, so it's not easy as it sounds. BTC overbought? Where did you get that idea that it's overbought at this juncture?

I'll just advise you to really learn how trading works, it looks like you don't have any idea base on how you describe Bitcoin market though. You need to understand what shorting really means and the risk involved on doing it, IMHO.

[upsidedown75]

In general its difficult making money in bear markets or sideway markets. Whether its stock or Crypto. The bull markets are usually very easy to trade.

Probably you are targeting for $100+ kind of big movements but in my experience shorting is nothing different from usual long way of trading. If you notice on daily high and low value of one cryptocurrency, then you will get idea where to sell first and where to book profits. This is how we need to short and do you still think that it is too difficult from usual way of trading ?

Due to fundamentals of must cryptocurrencies, we cannot be sure about when the market will bounce toward ATH. This is the reason why shorting way of trading is not at all recommended. I guess, in last year many traders might have got big profits as market showed them big down way movements and making use of selling first and buying later might have been easier to do.

[tadpole_bitfrog]

Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...

That will be a successful step for you. but the lack of experience in trading will be a major disadvantage. Buy low and sell high now is popular and it can help you profit up to $ 500 per day. But you need to have trading experience and understand how the market works. knowledge is still essential and you need to cultivate more to start a new step.

[babarian]

Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...

I have done daily trading (short-term trading)
from that trade I can still get a profit, even with a small profit because of the falling price situation but it is still profitable for trade

[wuvdoll]

Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...

I have done daily trading (short-term trading)
from that trade I can still get a profit, even with a small profit because of the falling price situation but it is still profitable for trade

Please understand that short-term trading is completely different from shorting way of trading. OP is here referring shorting which is basically based on "sell first and buy later" whereas usual way of trading is "buy first and sell later".

the lack of experience in trading will be a major disadvantage. Buy low and sell high now is popular and it can help you profit up to $ 500 per day.

$500 or any small or big level profits are purely based on how big your capital and how versatile you are with trading. You cannot make big profits from both buy-low-sell-high or shorting way of trading if you do not have big capital. But, big capital may work for you only when you are fully aware of how to trade without big losses. Here, you must notice that, making profits is secondary but preventing losses must be the primary goal for sustaining in trading. Once you are able to sustain then you can keep making profits easily.

[jhongzjhong]

Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...

I have done daily trading (short-term trading)
from that trade I can still get a profit, even with a small profit because of the falling price situation but it is still profitable for trade

You know what? Based on my experience as I tried to predict the price of the BITCOIN, technical analysis usually don't work. It is really hard to predict the market and the for me cryptocurrency market is more of gambling. You have to bet for unexpected rise and lows for you to win. You always need to risk your coins because there are no accurate predictions here. And also, overbought is not the right term as we consider it as oversold. Do not a short shell, you will end up very disappointed. Being optimistic is nice but being too optimistic will give you depression.

[nydiacaskey01]

If you are not good at it, don't even try. Trading at this kind of market situation is risky. Even if you say you signed up to those signal groups that provides information on what coin will be pumped next is not a good idea as the information that will be given to you is delayed, by the time you bought a coin, they are in the process of selling.

[Sum24]

Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...

I have done daily trading (short-term trading)
from that trade I can still get a profit, even with a small profit because of the falling price situation but it is still profitable for trade

I also think that day trading is really good but only for those who are having good knowledge and information about day trading. There is so much profit in day trading same as long term trading but don’t give up with short term change in price just hope for the best and know the basics of day trading moreover it’s full of profit too chose a good coin.

[Aivaryamal]

If not with bitcoin, then it can be easily learned to do with other cryptocurrencies, which can now make a profit in the day up to 50%

[ShadowBits]

Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...

If you short now then I guess it is kinda a bit too late for now since the market really got down so hard from the past and maybe the market will recover soon.