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

[wxa7115]

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

I wonder what kind of masochist shorts bitcoin during a bull run, I am not in favour of shorting bitcoin ever but if we were in a bear market or even in a market that has presented sideways movement for months then I could at least get it at an intellectual level.

But shorting bitcoin now? It is true there is a slight downward correction but that is normal in most bull markets, unless you can time the top perfectly the current correction is not going to be enough to obtain profits, and when we add the fees and the taxes you should pay for your trades then you would have been better off by just holding your coins.

[Ridwan Fauzi]

Making short entry at the bull run season has a high risk. Because the information that come especially bad information will not directly give an effect to the holder.

They will see the movement price first before making a decision, differenr when they get a good information then they will not thinking a long time they will buy bitcoin and store then for long term.

As you can see now, bitcoin price movement is remain stand when there are a lot of a bad news comes and just for a sideaway market. It will be different if there are good infoemation comes then I believe its price will touch new all time high.

[AicecreaME]

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.

Exactly.

I mean, everybody who trades against the trend will obviously going to be destroyed, like why would you do such thing especially if you're doing day Trading, that's a very classic profit burner, that's why you have to always update yourself on the current news about cryptocurrency because it always affect the price chart movement.

Trading blind or randomly will not give you profits always, if you happened to make one, then it is probably just because you're lucky in that day, but you don't have to make it a habit if you really wanted to be a professional trader.

[Kemarit]

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.

Exactly.

I mean, everybody who trades against the trend will obviously going to be destroyed, like why would you do such thing especially if you're doing day Trading, that's a very classic profit burner, that's why you have to always update yourself on the current news about cryptocurrency because it always affect the price chart movement.

Trading blind or randomly will not give you profits always, if you happened to make one, then it is probably just because you're lucky in that day, but you don't have to make it a habit if you really wanted to be a professional trader.

Yup, that's it. I don't know who are going to short during a bull run though, maybe they got lucky and squeeze some profits, but this is not the way to make money in a bull run. Perhaps those traders who listen to others, influence by them to do this kind of trading activity.

And then later they found out that it is wrong though, and it's riskier than they initially thought about. Maybe a good way to learn their lessons, but it's very expensive.

[adaseb]

I think we might get something similar to what happened last month when the options expired. It also had tons of open interest. 2 Days after the February expiry we bottom and proceeded to make a new ATH. In January similar situation, we bottom a few days after the options expired.

Dec 2020 doesn't really apply here because we were on a constant uptrend in those days, BTC kept going up and up before and after expiry so it had no effect. So I am assuming we get something similar this time around. Most likely we will recover in April, make new ATH in mid April and start to go back down at the end of April.

[slaman29]

I think we might get something similar to what happened last month when the options expired. It also had tons of open interest. 2 Days after the February expiry we bottom and proceeded to make a new ATH. In January similar situation, we bottom a few days after the options expired.

Dec 2020 doesn't really apply here because we were on a constant uptrend in those days, BTC kept going up and up before and after expiry so it had no effect. So I am assuming we get something similar this time around. Most likely we will recover in April, make new ATH in mid April and start to go back down at the end of April.

Does it matter what kind of price the options were at or is it just the volume of options. And was this also the same situation in the crypto winter in 2018 and 2019? Or were options expiry not yet a thing at that point?

Curious to know because if it becomes predictable then surely there is some way people make money here around options dates.

[error08]

When bitcoin hit $60k a week ago, that's the point to take profits, after the correction has come, daily traders looking for such an event to stacked more coins, hence whoever short at the bottom after correction will regret it eventually, too late to sell at this point when bitcoin predicted to recover soon after the expiration date of the options as people will buyback for sure. Bitcoin should recover in the next week, it's time to buy more coins not the other way around.

[palle11]

Its foolish to short right now after a huge price correction, maybe some are waiting for a big dump to atleast $20k but it will not go down especially in a bullrun where most people got left behind by the train. Some bears are purposely dipping the price to cause a shake out, but the market keeps pumping anyways. I'm not selling anytime soon, this is all noise.

Seller can't be waiting for such deep down to 20k, that may not happen as the big buyers keep hodling. If small investors drop their hodling, it will not cause any shake up or panic. I have seen speculation for 60k and with the little drop and long bull, that price looks realistic because bitcoin keeps going higher after every down.

[wxa7115]

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.

Exactly.

I mean, everybody who trades against the trend will obviously going to be destroyed, like why would you do such thing especially if you're doing day Trading, that's a very classic profit burner, that's why you have to always update yourself on the current news about cryptocurrency because it always affect the price chart movement.

Trading blind or randomly will not give you profits always, if you happened to make one, then it is probably just because you're lucky in that day, but you don't have to make it a habit if you really wanted to be a professional trader.

I think those people are called counter trading traders or something like that and is probably the dumbest strategy that anyone will ever devise, it is known that the markets once they begin to trend have the tendency and the desire to keep trending, going against the trend is incredibly risky, it doesn't matter if you think that the trend is not justified because the underlying asset doesn't have the right fundamentals.

No one really cares about that, people care about making money and if you see a strong asset like bitcoin going up in value which has the right fundamentals it is even crazier to go against it.

[doctor877]

Bull run will happen in stages which will have some little little set backs to gather momentum for next move. Attempting to short at this little price dips require a great carefulness and expertise. So if you can't be disciplined to do shortly then you just need to concentrate on the upward side.

[LUCKMCFLY]

Bull run will happen in stages which will have some little little set backs to gather momentum for next move. Attempting to short at this little price dips require a great carefulness and expertise. So if you can't be disciplined to do shortly then you just need to concentrate on the upward side.

I think the same, maybe the short operations at the moment those traders who do them should be very cautious because they can be high risk to lose, according to what has been seen through the news is positive news.

A potential price peak this year, with previous behavior as context, could be as much as $400,000 per coin, the chart shows. This dwarfs other estimates, such as that of stock-to-flow, which calls for an average of $288,000 between now and 2024.

Source: https://cointelegraph.com/news/bitcoin-can-reach-400k-in-2021-as-risk-off-reserve-asset-bloomberg

This may be reason enough to be in LONG, or just to be in Hodl. Another reason is that Bitcoin does not break the first time, there are always or there are some corrections, perhaps many expect to be short when it reaches $ 100k, before it is not very possible that it will fall.

[ven7net]

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

The rise in the price of BTC in 2021 showed that it is very dangerous to play short, as the price shows a new peak each time. I believe that this situation will last until the end of the year and the price of BTC can grow very high. Of course, there are also small price corrections, but if you short in the long term, then you are doomed to fail. For traders, the situation in the market is now very dangerous, since the price of BTC is now very unstable and its fluctuations are very high. Personally, I have decided now to just hold my BTC roughly until the end of 2021.

[el kaka22]

The rise in the price of BTC in 2021 showed that it is very dangerous to play short, as the price shows a new peak each time. I believe that this situation will last until the end of the year and the price of BTC can grow very high. Of course, there are also small price corrections, but if you short in the long term, then you are doomed to fail. For traders, the situation in the market is now very dangerous, since the price of BTC is now very unstable and its fluctuations are very high. Personally, I have decided now to just hold my BTC roughly until the end of 2021.

There was a lot of people who assumed that we would end up with dropping eventually, this started at around 20k price because people assumed we failed last time and the same would happen this time around as well, that's what the initial thinking was like. After that we increased to 25k then to 30k then to 35k and basically kept going up and up.

This made those same people go lower in number but the ones that kept thinking the same thing and didn't change their ideas end up thinking "it didn't drop at 20k , it will drop this time for sure!" and kept shorting. Eventually as we can see now that most of them lost and they do not have anything at all that would show for a profit. I think shorting bitcoin which is a coin that keeps going up constantly against the devaluing dollar is a bad idea but there are a lot of people who keep doing that for some reason.

[CryptopreneurBrainboss]

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.

We're still bullish and the whole sentiment around the market says so, we had bullish news of recent which saw the market experience a sudden spike. This is just a mere correction that had to follow the sudden spike of bitcoin. Don't misunderstand it as a dumping signal, that's most likely not going to happen anytime soon.

Bitcoin will likely get to the $100k trading m2ark before the market sentiment begin to change due to trader taking profits and setting up stoploss to minimized their chances of losing in the trade incase there's suddenly a dumping energy in the market due to some sudden fud or market correction.

[Silberman]

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

Sometimes it is really difficult to know what are people thinking, who is shorting the market? It is true that the price of bitcoin has been relatively stable during the last weeks but the price is not going down, and all the factors that we can see clearly point out to the fact that the price is going to keep increasing, quite honestly anyone that is shorting the market right now deserves to lose their money as they are just delaying the inevitable, and they're going to have no coins or capital when the price keeps increasing.

[so98nn]

[...]

[...]
This may be reason enough to be in LONG, or just to be in Hodl. Another reason is that Bitcoin does not break the first time, there are always or there are some corrections, perhaps many expect to be short when it reaches $ 100k, before it is not very possible that it will fall.

The fact that we are still discussing about the bitcoins long term vision of $100k is living proof that we will get there for sure. We are already 60% up for the goal and achieving the remaining 40% is not a big deal. On one side we are 99% reaching the 2 billion market cap which will motivate the people around the world for sure. Mostly the whale investors, since they know very well that such market cap means lifetime security of their funds and more profit along the way!

So there is possibility that we will be hiking limitless over the time. It's just about the time when we will hit the trigger to reach that ATH.

[Pamadar]

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

Sometimes it is really difficult to know what are people thinking, who is shorting the market? It is true that the price of bitcoin has been relatively stable during the last weeks but the price is not going down, and all the factors that we can see clearly point out to the fact that the price is going to keep increasing, quite honestly anyone that is shorting the market right now deserves to lose their money as they are just delaying the inevitable, and they're going to have no coins or capital when the price keeps increasing.

Once the market jumped high those people will surely regret shorting the market.

It's tough to anticipate so better to aim for long term investment, whatever happened you'll not going to panic as you set your
goals for long term and you are willing to wait till it achieved your target value. Most of the time it's up to how you understand
the market and how willing you are holding and waiting for the right time.

[slaman29]

Once the market jumped high those people will surely regret shorting the market.

It's tough to anticipate so better to aim for long term investment, whatever happened you'll not going to panic as you set your
goals for long term and you are willing to wait till it achieved your target value. Most of the time it's up to how you understand
the market and how willing you are holding and waiting for the right time.

Can't agree more. We just have to accept that for most of us, we'll never have enough time or expertise to do this the way it deserves. Which makes hodling simply the best option there is out there. I bet you, most traders will regret wasting all that time trading when they could have made much more just buying and holding (and actually going out and earn with a real job).

[sana54210]

Once the market jumped high those people will surely regret shorting the market.

It's tough to anticipate so better to aim for long term investment, whatever happened you'll not going to panic as you set your goals for long term and you are willing to wait till it achieved your target value. Most of the time it's up to how you understand the market and how willing you are holding and waiting for the right time.

Short futures people always end up regretting in the end, there are times in small period of time they end up winning something but that is rare and I think it is not going to be that frequent in the future neither. So, there are just people who end up thinking that they can do something like that and hope that bitcoin will go down and they think they can make money?

Bitcoin is pegged against the dollar price, dollar is an inflationary fiat currency that had nearly 5 trillion printed in the last 1 year, how can you expect it to be more valuable than bitcoin? This is why I think it is quite obvious that we can't expect anything from these people and they will end up losing most of the time. Of course there are moments when long futures people have a lot of profit, so I am not against futures as a whole, I just think if you plan on doing it, you should do long.

[tvplus006]

Opening a position against the market movement always has a high risk. And those who take a short position in a bull market are most often satisfied with a small percentage of the profit, incommensurable with what they can lose. It is obvious that such traders who open short positions are sure that the growth in the price of BTC has already exhausted itself.