TitanGEL
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November 23, 2020, 08:11:09 AM |
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Seeing Bitcoin nearly at it's ATH, I'm planning to go short but that means I'm gonna end up with way less BTC now. (....)
Margin trading is still worth it, but you should consider the risk but high reward too. Shorting Bitcoin these days may good idea but you should consider the uptrend of Bitcoin, you may end up getting rekt or stop loss hits. If you have your analysis or reason why you will short Bitcoin, then it's good. Margin trading with Bitcoin still worth. I do not also see opportunity to short with these kind of trending crypto but maybe the OP has strategy on how he will make money through shorting. I'm more likely a momentum trade where I focus on upward trending stocks like what's happening in bitcoin and other alts. I also not used into shorting because it requires great understanding and also experience. I usually go to long position because I'm used to it because I'm also a stock trader where our stock market doesn't have short position. Margin trading is good as long as you can manage the risks. Be prepared in the volatility of the bitcoin especially if you will go against with the trend due to shorting.
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imstillthebest
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November 23, 2020, 08:54:10 AM |
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selling and taking profits is the best and you dont want to regret like them because of too much self control .
you are only going to sell a tiny bits of btc and not a whole, why limit ones self . you can end up with less btc if 150k sats is half of your btc hodling . if im with that situation i will choose to buy more because i wont be happy with a few bucks .
you can sell lesser than that but selling less btc cant also be a bad idea to do now because your still going to pay higher fees and you can end up paying more fee more than the amount that you will be getting
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buwaytress
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November 23, 2020, 02:24:49 PM |
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100x is insane, for sure. Even 20x is ridiculous, but with proper risk management 10x and under can be a marvelous tool, especially for minimizing the amount of money you need to keep on exchanges. Just need to use stop losses religiously and stay on the right side of the trend. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I totally get it, and I agree -- leverage is super useful to keep coins off exchanges, actually good point you brought up, surprised leverage-offering exchanges don't use this in their marketing at least not to what I'm aware of. But even for me, and I'm not totally clueless, leverage isn't easy to track, and not really what I'd call hands-free. Or maybe I'm overestimating my level of cluelessness;) I suppose the platforms have advanced today from the decade ago when I used them -- maybe tight stops is good enough to stay afloat. 5x - 10x leverage is still very stupid, especially for many of us plebs who believe we can beat the top 10% of traders after merely reading a few books, and watching a few videos about charting/technical analysis. Do it the proven way. Pleb-style. Buy the dip, and HODL. You said it like I thought it. I do feel I'm a pleb at this and the more time I feel I have to spend on something is less time to have a life. Margin trading, or even short/medium term trading, I feel is one extra sleep-sapper!
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bitgolden
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November 23, 2020, 03:41:59 PM |
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If you are not afraid... why not? I mean margin trading and spot trading are basically same logic when buying and selling, if you think it is going to go up, you buy, if you think it is going to go down, you sell. The only difference here is that you are risking way too much when you are doing this, and that is the risk involved here, in spot you will not lose it all but in margin trading you could lose all of it, which is why I think it is riskier and that is why you have to decide on that.
If your question is not just "should I margin trade" but it is more like "should I margin trade NOW" like you already decided that you are going to margin trade but you are not sure if it should be now or some other time, I would say wait for a more fit time to margin when it is not this much hyped.
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Danslip
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November 23, 2020, 09:47:55 PM Last edit: November 24, 2020, 12:27:02 AM by Danslip |
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10% kills you at 10x leverage, 5% at 20x, never mind the 100x leverage people think makes them quick gains. A 1% move every hour will take you down in no time. Avoid. Seriously.
100x is insane, for sure. Even 20x is ridiculous, but with proper risk management 10x and under can be a marvelous tool, especially for minimizing the amount of money you need to keep on exchanges. Just need to use stop losses religiously and stay on the right side of the trend. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) 5x - 10x leverage is still very stupid, especially for many of us plebs who believe we can beat the top 10% of traders after merely reading a few books, and watching a few videos about charting/technical analysis. Do it the proven way. Pleb-style. Buy the dip, and HODL. I don't think so. For small traders, 1:500 leverage is best if the trader can catch the dip of the bull trend. Otherwise, margin call and stop-out orders will not let the trader make a single dollar profit. For trading capitals higher than $100k, 5x leverage is more than enough to open the new trade and make a nice profit, IMHO. The margin call is bad for the traders who have a low balance because adding more capital can be painful. In the volatile markets, every trader is responsible for leveraged trade decisions.
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Shasha80
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November 23, 2020, 10:29:43 PM |
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I am always consistent with my opinion that I always say avoid margin trading, because the risk is very large, remember the possibility that you could lose all the capital you have when use margin trading is very possible. Do not because greed makes we out of control by boldly taking unnecessary risks. My advice is that spot trading is very suitable for making profit. If there is a safer way to make a profit, why use a risky way.
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death69
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November 23, 2020, 11:26:40 PM |
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Holding is the best option right now though it is nothing wwring if you want to start margin trading. However, I believe that short bit oin at the moment is not a good idea. If you use a high leverage level, you might end up losing money
My advice: follow the trend. The trend is your friend. Wait for bitcoin to have a small correction, then, long order will give you more profit and it is safer than than short orders
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michellee
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November 24, 2020, 06:20:19 AM |
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Holding is the best option right now though it is nothing wwring if you want to start margin trading. However, I believe that short bit oin at the moment is not a good idea. If you use a high leverage level, you might end up losing money
My advice: follow the trend. The trend is your friend. Wait for bitcoin to have a small correction, then, long order will give you more profit and it is safer than than short orders
At least, if they can holding their coin, they don't have to worry about their investment, although the price will fluctuate with the crypto market. But we need to know how good our skill in margin trading, and if we think that we don't have the good skills trading, maybe we don't have to try margin trading, and we can select to use regular trading. I think that can avoid us getting losses from the margin trading, although that will not guarantee that trading on the regular trading mode will not get the losses. But at least, by using regular trading, you can minimize the chance of getting a big loss. Besides that, with the current market situations now is unpredicted can make you feel confused with the market's direction. We need to play safely if that is related to the current market to adapt to the situations and the important is we can survive and try to make a profit.
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tranthidung
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November 24, 2020, 06:27:07 AM |
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Short answer: If you ask the question, you should not use leverage or margin trade to either short or long bitcoin. < ... > Summary: Make calculations and use factors (parameters) for your calculation to have entry price, leverage, and window time to close your orders. I advice you to not use leverage or margin trade because you don't know what you are doing. Just to be safe and to protect your money. Cheers. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) As said days ago, you would not use leverage for your trades if you don't know how they works (especially liquidations). The image is given as an example for a liquidation with leverage. - Entry price: Long at Yellow arrow.
- Liquidated price: at Red arrow.
Which leverage is used for the Long that was killed is your exercise and I don't give you answer or discuss here.
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UserU (OP)
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November 26, 2020, 02:34:11 PM Last edit: November 26, 2020, 02:50:51 PM by UserU |
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Oh my, so many replies while I was away. Well, to those that asked why I'm not hodling - I diversify my portfolio so I have investments here and there; stocks, virtual items and CFDs. So since BTC is already tanking as we speak, I'd a feeling it's a good time to short when whales realize their profits and re-enter when it stabilizes. You guys should know it's not healthy when things keep going bull without losing steam. And then the leverage part - I'm well aware of it and am willing to take the risk. After all, it's just $25 so I don't really mind losing it if things go south. Also, the platform I'm trading on offers 10:1 max with my balance so it's not that far I could go anyway ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FnLNxr3R%2Fshort.png&t=665&c=Ou0JKQfk0Kucgg) Margin trading is still worth it, but you should consider the risk but high reward too. Shorting Bitcoin these days may good idea but you should consider the uptrend of Bitcoin, you may end up getting rekt or stop loss hits. If you have your analysis or reason why you will short Bitcoin, then it's good. Margin trading with Bitcoin still worth.
Don't worry, I've traded indices on high leverages before so I'm unfazed at seeing large losses and gains. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Guess that I should have shorted way more but I've cashed out some profits to be safe. Next sell stop at 16250.
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Ridwan Fauzi
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November 26, 2020, 03:02:42 PM |
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Seeing Bitcoin nearly at it's ATH, I'm planning to go short but that means I'm gonna end up with way less BTC now. (e.g. $25 = less than 0.0015 BTC)
Have you try it? If you make a decision to short bitcoin at the $19.500 then congratulation to you maybe $25 now is worth $100 if you choose at least 5x laverage. You may need to set stop loss positive to avoid bitcoin price go up again. A decreasing price of bitcoin is happening at thursday or saturday on avarage, yeah I've noticed it several time. Now, bitcoin price is trying to find a strong support and I predicted it will be on $15.000-$14000 barrier. And until now it is close to be reached since now its price has touched $16.800. Just need two days for bitcoin price dumped arround $3000, it is crazy.
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UserU (OP)
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November 26, 2020, 03:35:55 PM |
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Have you try it? If you make a decision to short bitcoin at the $19.500 then congratulation to you maybe $25 now is worth $100 if you choose at least 5x laverage.
You may need to set stop loss positive to avoid bitcoin price go up again. A decreasing price of bitcoin is happening at thursday or saturday on avarage, yeah I've noticed it several time.
Now, bitcoin price is trying to find a strong support and I predicted it will be on $15.000-$14000 barrier. And until now it is close to be reached since now its price has touched $16.800. Just need two days for bitcoin price dumped arround $3000, it is crazy.
Yeah. I didn't target 19,500 since the price was flirting between mid-18K and lower-18K today, so the first sell stop triggered at 17,250. Just to be safe, I've set the next to 16,250 so we'd see how it goes. This time I'll let it go where it wants to, hope it might drop back to the 10K range. Just need two days for bitcoin price dumped arround $3000, it is crazy. Not surprising, since people are cashing out for Black Friday and soon, for Christmas ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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MCobian
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November 26, 2020, 04:10:59 PM |
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I always recommend not using margin trading, because the risk of using margin trading is quite large. Moreover, the already high Bitcoin price, if we experience losses when using margin trading, then we can lose all the capital we have. But depending on your trading skills too, if our trading skills are good then we can use margin trading to generate huge profits.
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pterodactyll
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December 07, 2020, 04:25:13 AM |
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Yes, sure. First of all, you need to find a project that works best for you. I.e. you can check hitbtc or Kraken. Secondly, I would recommend you trade not only btc but some other altcoins.
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Kocret02
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December 07, 2020, 03:16:21 PM |
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Seeing Bitcoin nearly at it's ATH, I'm planning to go short but that means I'm gonna end up with way less BTC now. (e.g. $25 = less than 0.0015 BTC)
it does not matter, trading does not have to be based on large margins and large capital. with any amount, if you can do a good trading step, you will definitely be able to maximize and can survive to get a good margin
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CryptopreneurBrainboss
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December 07, 2020, 05:59:51 PM |
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So since BTC is already tanking as we speak, I'd a feeling it's a good time to short when whales realize their profits and re-enter when it stabilizes. You guys should know it's not healthy when things keep going bull without losing steam.
But haven't the steam been loosen in the past couple of days, bitcoin has been very quiet not doing any impressive move instead dumping and recovery. It dumped to as low as $17k after it got rejected from the $19.5k trading price. It's currently gearing up for another upwards move as it has given room for more accumulation before it spike to new all time highs then the FOMO steps in which will see it breaking milestone. Sometimes it's best we stick to our gut and just accept whatever outcome our little experiments yield. I would had loved to see you success and hope you do assuming you go ahead but the odds are against you. Myself I'm not fully in support of bitcoin mooning somehow since I got most of my investment in alts, they're are the coins I'm supporting fo them to spike more.
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Paycoinzzz
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December 07, 2020, 06:15:07 PM |
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Seeing Bitcoin nearly at it's ATH, I'm planning to go short but that means I'm gonna end up with way less BTC now. (e.g. $25 = less than 0.0015 BTC)
well well, I don't really support short selling right now. Currently all signals are showing that Bitcoin is in the process of accumulating in preparation for a big pump towards the end of the year. No need to TA too much, look at the buying power of bulls now, it is a huge volume and is also supported by Grayscale with over $ 100m recently purchased. That is the signal that you should not short with any leverage now.
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Hypnosis00
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December 16, 2020, 01:53:17 PM |
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Why not trying to take the risk if we are prepared to accept losses. I know that we don't want that thing to happen that is why we should have to work on it and let our trading grow. Besides, any type of trading strategy is risky, and all of these are possible we end up losing. We are in the bullish season, we are already at ATH (I think) and the risk is really high. Anyway, I'd never suggested doing this at this time unless if you have enough experience in trading.
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darewaller
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December 19, 2020, 05:21:58 PM |
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With the current high price, it could be very well possible to actually short bitcoin and make some money, obviously it may to go up but wait for it to stop and when it stops and doesn't move there is a huge chance that it will go down, not saying it will crash right away, that is why wait for it, plus even a small time drop would help you if you are shorting it, let's say it reaches $25k and stops there, going to $20k would be still profitable when you are shorting.
However I would still say not do anything that risky, margin trading is always risky and you are going to lose a lot more money if you are wrong compared to all other regular methods, if you are right you are going to earn a lot more too but does it really worth that much risk to lose all your money for a chance to win a bit.
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