This is why you DON'T want go short now 84% of the bearish options has wiped out

[nikolastech]

This is why YOU DO NOT WANT TO GO SHORT NOW: BTC options
While the upcoming $6 billion Bitcoin options are about to expire, around 43% have already been deemed worthless. With the remaining open interest, Bitcoin bulls are mainly in control as the cryptocurrency’s price surge to its recent all-time high has wiped out 84% of the bearish options. https://www.forexcrunch.com/bitcoin-holders-expect-high-volatility-as-roughly-100000-btc-options-contracts-expire-friday/

Thats why all biggest whales buying not selling

[TravelMug]

Yeah, it doesn't really make sense to short during bull run as you will definitely get REKT.

I remember there was a thread somewhere advising to short BTC, LMAO, either he/she didn't know how the crypto market works, or just wanted traders to lose their money. As fas as the $6 billion worth about to expire or has expired already, this is just another blip if we see the price goes down, in the next 3 days after the expiration, the price could slowly increase again to maybe $60k or new all time high.

[xSkylarx]

It's still good to short when bitcoin correction happens just like now. We should just know the strong supports of it so we can know where to set our target profit and set our stop loss if it does not plays out. Those who were liquidated did not set their stop loss that is why exchanges wiped out their balances. Exchanges are making a lot of money from those traders. Even if it is bull season, market should have a correction for a healthy rally. New buyers will be tempted to sell their holdings because of this.

[tbct_mt2]

Yeah, it doesn't really make sense to short during bull run as you will definitely get REKT.

I remember there was a thread somewhere advising to short BTC, LMAO, either he/she didn't know how the crypto market works, or just wanted traders to lose their money. As fas as the $6 billion worth about to expire or has expired already, this is just another blip if we see the price goes down, in the next 3 days after the expiration, the price could slowly increase again to maybe $60k or new all time high.

In bull run, especially if you are talking about the bull run of bitcoin, the is extraordinary asset, short is stupid.

If taking into account the fact that shorters have no idea that what is the short position and how long they would keep their short positions open. They will be rekted, liquidated soon.

In bull market, any big dips of bitcoin are chances to accumulate and wait for bounces or higher highs. Don't short.

It's still good to short when bitcoin correction happens just like now. We should just know the strong supports of it so we can know where to set our target profit and set our stop loss if it does not plays out. Those who were liquidated did not set their stop loss that is why exchanges wiped out their balances. Exchanges are making a lot of money from those traders. Even if it is bull season, market should have a correction for a healthy rally. New buyers will be tempted to sell their holdings because of this.

In bull market, resistances are temporary and will be broken after few attempts. Higher highs are waiting always.

The Idiots Guide to Margin Trading on Bitmex. That article can help to recognize how foolish shorters are in the bull market. 

[cabron]

The ones who short in the options market are the ones who see price could drop but got burned, probably hit the stop loss or worse margin call. It's a bad decision to make when there is a bullrun.  A good option to do when there is a bullrun is to accumulate BTC in the spot market not USDT in the futures or options.

 

It's still good to short when bitcoin correction happens just like now. We should just know the strong supports of it so we can know where to set our target profit and set our stop loss if it does not plays out. Those who were liquidated did not set their stop loss that is why exchanges wiped out their balances. Exchanges are making a lot of money from those traders. Even if it is bull season, market should have a correction for a healthy rally. New buyers will be tempted to sell their holdings because of this.

For those who really can real charts good, yes it's good for them earning USD.

[dansus021]

short is okay if you are scalper using 1-15 minute  chart but not for higher timeframe and we still need to wait if bitcoin break the major support line ghost "bearish" will haunted yall 

[maxreish]

That's what you called, "bad timing", it is not good idea to continue to go bearish while it is strong indication that bitcoi  is bullish. Except if you go short entry and exit suddenly after small corrections.

But if you correctly read some good indicators with of course stop loss then you dont stucked with your bad entry.

[lifeforcepools]

Short now this is the wrong decision, we need a completely different tactic.

[Bilgent]

There are still people who are expecting and hoping the price to come down to 15-20k dollars soon but I don't think such thing will happen in the near future. And when it comes to going short, I don't think it would be a wise choice as Bitcoin seems to be still in the bull market. So still many people are waiting for another boom in the price in 2021.

[kryptqnick]

While it sounds like a lot of money, these are options contracts which give the right to buy/sell BTC. It doesn't mean that the actual BTC would be moved significantly as the contracts expire. I'm not saying that people should sell BTC because of the upcoming expiration date, but I don't think they should feel bullish either. As the article from the original post claims, the last time something similar happened on January 29 with a $4 billion contract expiry if I understood this correctly. Looking at the price charts around this date, there was no significant change of the price, just a brief jump on that day from $33k to $37.5k, and then back to $33k within two days. Such an event can be something to benefit from if a person is interested in trading, but it's not important in the long run.

[lixer]

Sure this increase what we are all looking forward and it is happening for sure , the price is not going down soon , a lot of money has gone into Bitcoin a lot of money that belongs to the big institutions and it has helped push the price to this current level price and it is going down from there, lots of them are going to holding for a very long time and now we also have lots of retail investors buying daily, so that very much helping the market to reach a higher level every time.

The op is right of course, anyone that’s telling people to short at this time is either not aware of what they are doing or just wants to misleading other traders, which is probably not going to make any sense at all since that’s not going to be helping them in a way that they think it’s going to be. They just don’t know what they are doing for sure.

[hatshepsut93]

Shorting Bitcoin in bull market requires good timing to catch correction. And if you can short at the top of the market cycle, you can reap massive profits, which many traders hope for. Similarly, it can be hard to go long in a bear market, when the price keeps falling and falling. Even recently some longs got liquidated during corrections. Trading with leverage is always risky on a volatile market, that's kinda the point of it.

[so98nn]

The golden rule is you never sell when it's bearish, you actually hunt for more coins.  
Obviously we have experienced all the terms once in a while such as FOMO, Panic sells, and that's what we will see in reality now. Since couple of days it seems bitcoin is grabbing attention of everyone. More than half of the investors constitute of panic sellers. So let's just wait for them to do there panic thing and once the market is way low, just buy!

I follow step by step process in these times! Like. if bitcoin drops 500+ bucks, then put some fiat into it, then more for another 500+ bucks and then keep repeating it until it stabilises.  

[Lordhermes]

The op is right of course, anyone that’s telling people to short at this time is either not aware of what they are doing or just wants to misleading other traders, which is probably not going to make any sense at all since that’s not going to be helping them in a way that they think it’s going to be. They just don’t know what they are doing for sure.

The best time of entry is now, I dont know what had cause the massive down in prices but the best and accurate time to enter the market is now, definitely, Bitcoin price will be going high in the future more than the current bear at the moment. Newbies certainly will short their bitcoin selling at loss because of fear.

[lifeforcepools]

Such topics are created by bears in order for the price to continue to fall?

[Expecto]

I wonder whether we are still in a bull run. Because the price has started to come down again and I saw the price at $50.9k the least today and it is $51.5k now. If this decrease continues in the coming days, I will start doubting really much about the possibility that bear market has come again. But I don't think going short is a clever thing with Bitcoin and I won't change my mind whatever happens in the coming days.

[Ararbermas]

I wonder whether we are still in a bull run. Because the price has started to come down again and I saw the price at $50.9k the least today and it is $51.5k now. If this decrease continues in the coming days, I will start doubting really much about the possibility that bear market has come again. But I don't think going short is a clever thing with Bitcoin and I won't change my mind whatever happens in the coming days.

  don't lose hope about the results of BTC on this past couple of days, because it's normal scenario mate, especially when there is a correction of price wherein indeed sometimes it just happen before it bouncing back to the ATH or when its trying to reach more than what we are expecting.. So just relax because shorting isn't easy,  keep holding instead of doubting on what are the possible things to happen. its useless , especially worrying about the negative results in the future . It can cause panic! .. So think positive always.. Take a break and drink some wine, just relax mate..

[carlisle1]

Most of the time. They are creating such topic to scare those weak holders and start to sell out their assets,

Better not give them what they want rather to continue doing your own assessments and understanding, it will depend from how you percept your investment.

Such topics are created by bears in order for the price to continue to fall?

Taking a short during a bull run is a risky act that can leave you sad because you may jump in at the wrongest time, but if I must say this is the best time to make an entry as the bitcoin price have dump down from it previous all time high.

Good point to position your investment but make sure to have additional set back plans,

In case Bitcoin price fall for more, you should ready yourself not to lose hope and not to lose your invested money, shorting id for those who knows
what's their doing and those who understand and value each opportunities to earn.

[bryant.coleman]

In the cryptocurrency market, every year we normally have a few bearish phases during the last 2-3 weeks of March. I am not 100% sure about what causes this, but the fact that March is the last month of the financial year plays a large part in this price correction. I expect the markets to recover by the second week of April. Those who sell their coins now are going to regret when the next rally start in a matter of weeks.

[pixie85]

It's not hard to see that we had a new high followed by a correction and another new high that we're correcting from now. There's no bull market reversal, no big dump from ATH only a slow bleed as traders take profit. Those traders will buy back at lower levels, levels higher than the last dip of 43000.

When you see a real top you'll see the bubble has popped. We will correct about 50% in 1 day, just like in 2013 and 2018. If I had no coins now I'd be setting up for a buy at 45-48 thousand.