Why is no one talking about shorting alts?

[cabron]

It's hard to predict which out of thousands of alts will go up, but what you can predict is that once a coin went up, it's bound to go down. Like, take the best performing coin right now, Dogecoin, there's absolutely no justification for its price, it has no adoption or promising features, it's pure hype. It's bound to go down, so if you carefully short it with small leverage, you're going to make profit. Obviously, the danger is in the known trading wisdom - "the market can stay irrational longer than you can remain solvent", but still the fact that pumped coins will go down is something that you can rely on.

Like Doge's astonishing rise. It must come down after the rise. While it's true that it's going to go down, investors will just see it as an opportunity though. Hard to say if they are a newbie or not but seeing how much marketing had been established for this doge. An investor will often see the two sides, could this joke end, or could the could really stand out?

Altcoins are risky so its hard to know which coin will have its time to the moon and can you get some on time.

[1714844384]

1714844384

[praxe]

Why is no one talking about shorting alts?

Monero is the most shorted coin. It sort of looks unreal since shorters have or infinity money or Bitfinex just make those shorts up. No other coin have at least a bit similar short longs ratio as Monero have.

why are people shorting monero?

[slaman29]

I do see quite a lot of threads asking about it in other platforms, but the advice seems to be right now: follow the rally and the current.

The bubble will burst as you say but right now the momentum is still too strong. Most people even think it will carry on into 2022, but I'm taking a more pessimistic view and say that by the end of this year then we will see the top. That means the MOST conservative view still sees 6 more months...

[Febo]

Why is no one talking about shorting alts?

Monero is the most shorted coin. It sort of looks unreal since shorters have or infinity money or Bitfinex just make those shorts up. No other coin have at least a bit similar short longs ratio as Monero have.

why are people shorting monero?

I have no ideas but i can speculate. Maybe they believe that some China or USA ban is not incorporated in the price. Or is just simple market manipulation. Manipulation to buy cheap coins or manipulation to make look some other coin Monero is competing with stronger.

[Pierre 2]

Honestly I didn't short any of my altcoinS yet still I am sort of worried.  I think people are still in delusion of bull run that makes them enjoy to speculate and make money. It still works undeniable, lookinh at Shibu only makes you realize how nervous and fun to be part of crypto markets still. So why is noone talking about shorting alts question will be replied by me like this: Its not time yet.

[Fredomago]

Honestly I didn't short any of my altcoinS yet still I am sort of worried. 

It's tough as it can explode huge after you short it up, it's hard to buy it back when the price already pumped high.

I think people are still in delusion of bull run that makes them enjoy to speculate and make money.

Still believing that they can generate more inside this bull moments, instead of shorting they are waiting for more.

It still works undeniable, lookinh at Shibu only makes you realize how nervous and fun to be part of crypto markets still.

That's a huge generated money coming from that new hypes, just like how traders hypes when Doge still pumping too hard.

So why is noone talking about shorting alts question will be replied by me like this: Its not time yet.

There are many people who believe the same way, waiting for more and wanting to maximized everything.

[wheelz1200]

It's hard to predict which out of thousands of alts will go up, but what you can predict is that once a coin went up, it's bound to go down. Like, take the best performing coin right now, Dogecoin, there's absolutely no justification for its price, it has no adoption or promising features, it's pure hype. It's bound to go down, so if you carefully short it with small leverage, you're going to make profit. Obviously, the danger is in the known trading wisdom - "the market can stay irrational longer than you can remain solvent", but still the fact that pumped coins will go down is something that you can rely on.

I hear you and yes at a certain point alt shorter are going to make a TON of money but shorting into these bull runs have wiped people out.  Touch to call the top and with days of 10, 20,50% gains you can get margin called before you even wake up for the day.  Margin has a place but its not a good trading strategy for most.

[hulla]

It's hard to predict which altcoin will go up among all the thousand will have the market but it not hard to know the coin with a promising future if have experience in study possible altcoin user case in years to come.
About Dogecoin, only inexperience, hype follow and profit-seeking will invest in it because its concept was based on joke (meme), and last time I check investment should be something to joke about.

[Blitzboy]

It is dangerous to short any altcoin because we are in the middle of an uptrend. 'The trend is your friend'. This is the best statement for anyone who wants to become either an investor or a trader. Altcoin will go down. However, it will not happen to day, or even in the next month

[bussybuddy]

We all understand this, the newcomers of this market don't. They don't understand why it goes up in price and just get someone's advice that they'll be willing to pay for it, that's their problem, and they'll take time to learn money to this market for but the lesson.

[ashmodeus]

well , on this altseason ? , u must be kidding me, even without leverage we still get a big profit from alts, for example , ETC,MATIC,WRX , many many of alt has skyrocketed so fast, and u dare to short kind of things ? , not , not now or even anytime soon, we still far from over.

[efreeti]

It's hard to predict which out of thousands of alts will go up, but what you can predict is that once a coin went up, it's bound to go down. Like, take the best performing coin right now, Dogecoin, there's absolutely no justification for its price, it has no adoption or promising features, it's pure hype. It's bound to go down, so if you carefully short it with small leverage, you're going to make profit. Obviously, the danger is in the known trading wisdom - "the market can stay irrational longer than you can remain solvent", but still the fact that pumped coins will go down is something that you can rely on.

I hear you and yes at a certain point alt shorter are going to make a TON of money but shorting into these bull runs have wiped people out.  Touch to call the top and with days of 10, 20,50% gains you can get margin called before you even wake up for the day.  Margin has a place but its not a good trading strategy for most.

I would go so far as to say that shorting alts at this moment is nothing but a gamble. There is no serious downward force in the market and shorting a coin then going to bed, nah that's not a good idea. If you do it you should be awake watching exactly what happens and short reactively if at all. If you shorted DOGE in the wrong moment you would have been wrecked already as it made its comeback so quickly.

[Ridwan Fauzi]

Most altcoin price will be like that unless the altcoin price that has a high price like ETH and BNB. There is no manipulation for those price movement unless there is a bad information that can change a market sentimen then yeah we will see a huge dump. But, the altcoin that still has a low volum and even that has a low price that it can easily being manipulated by some investors who have a high capital. Like now dogecoin as you mentioned, I guess the coin price movement just be manipulated by Elon Musk and he spend a lot of money to buy the altcoin. This is why when he says something about this coin and the price will pump instantly and we just need a few days to see a huge dump for this coin price movement.

[LoyceV]

Let me to tell you a story.
~
But for the love of god, don't short alts in a crazy market like this.

There's a safer way to (more or less) short Doge: I had some, and sold some. If it keeps going up, well, at least I sold them much higher than they were just a few months ago. If they go down, which will most likely eventually happen eventually, I'll buy them back.
This way, I don't have the risk of an actual short position that gets liquidated, and I either end up with more Doge than I had before all this, or I end up with more fiat than that Doge was worth last year. I can't time the market, but I consider this a win one way or another.

[adaseb]

Let me to tell you a story.
~
But for the love of god, don't short alts in a crazy market like this.

There's a safer way to (more or less) short Doge: I had some, and sold some. If it keeps going up, well, at least I sold them much higher than they were just a few months ago. If they go down, which will most likely eventually happen eventually, I'll buy them back.
This way, I don't have the risk of an actual short position that gets liquidated, and I either end up with more Doge than I had before all this, or I end up with more fiat than that Doge was worth last year. I can't time the market, but I consider this a win one way or another.

This is what most people tried to do back in late 2017/early 2018 with BTC. They all bought BTC back at $10K thinking it was going to go back up and break $20K and head to like $100K or $1,000,000 according to McAfee. However look what happened instead. Broke $10K, went to $6K and then months later down to $3K.

With Doge its no different. You can buy it back cheaper however, how do you know its just a dip and not a bull trap. Because if the market did top just now, most likely Dogecoin would go back to the single digits if a bear market was to remain for a year or so.

So sometimes its just best to take profits, sell and don't buy it back cheaper.

[efreeti]

Let me to tell you a story.
~
But for the love of god, don't short alts in a crazy market like this.

There's a safer way to (more or less) short Doge: I had some, and sold some. If it keeps going up, well, at least I sold them much higher than they were just a few months ago. If they go down, which will most likely eventually happen eventually, I'll buy them back.
This way, I don't have the risk of an actual short position that gets liquidated, and I either end up with more Doge than I had before all this, or I end up with more fiat than that Doge was worth last year. I can't time the market, but I consider this a win one way or another.

This is what most people tried to do back in late 2017/early 2018 with BTC. They all bought BTC back at $10K thinking it was going to go back up and break $20K and head to like $100K or $1,000,000 according to McAfee. However look what happened instead. Broke $10K, went to $6K and then months later down to $3K.

With Doge its no different. You can buy it back cheaper however, how do you know its just a dip and not a bull trap. Because if the market did top just now, most likely Dogecoin would go back to the single digits if a bear market was to remain for a year or so.

So sometimes its just best to take profits, sell and don't buy it back cheaper.

Yes sometimes it is better to liquidate a portion and game over, don't try to catch a falling knife. It is exactly as you said and that mistake was made by a looooot of people! Not only with Bitcoin. Ethereum fell I think to $80 from $1400! You think rebuying at $1200 could be smart, same at $1000, the hype is still going and everybody hammering "HODL" into their keyboards. You buy back at $800, and again at $500... And then a few months later it breaks even the magical line of $100 and goes to I believe $80 or so. That hurts! Taking profit means taking profit from time to time and there is a good reason to stick to that sentence.

[wheelz1200]

Let me to tell you a story.
~
But for the love of god, don't short alts in a crazy market like this.

There's a safer way to (more or less) short Doge: I had some, and sold some. If it keeps going up, well, at least I sold them much higher than they were just a few months ago. If they go down, which will most likely eventually happen eventually, I'll buy them back.
This way, I don't have the risk of an actual short position that gets liquidated, and I either end up with more Doge than I had before all this, or I end up with more fiat than that Doge was worth last year. I can't time the market, but I consider this a win one way or another.

This is what most people tried to do back in late 2017/early 2018 with BTC. They all bought BTC back at $10K thinking it was going to go back up and break $20K and head to like $100K or $1,000,000 according to McAfee. However look what happened instead. Broke $10K, went to $6K and then months later down to $3K.

With Doge its no different. You can buy it back cheaper however, how do you know its just a dip and not a bull trap. Because if the market did top just now, most likely Dogecoin would go back to the single digits if a bear market was to remain for a year or so.

So sometimes its just best to take profits, sell and don't buy it back cheaper.

Very true.  When markets are going all out of wack sometimes its best to just sit on the sidelines after taking profit.  It will normalize again, shorting in frantic markets is just too risky imo.

[Sanitough]

The market is indeed crazy but we have some bad news now, maybe this would result to a big panic and we will see some dump. It's been a while since bitcoin was bullish after it went from $60k ath... so what's the catch here? I think it will just dump and that $60k will only be the ATH.

We know Elon is using his popularity by shilling crypto, the news came out that Tesla will stop accepting bitcoin, I think this one is huge and will have a negative impact on the market, that's where shorting the market comes in.

[Woodie]

Because we all want the market to go up and not being truthful about what's to happen!

But unfortunately in reality that's not how markets work because we have buyers and sellers coexisting and markets will soar and sometimes markets will dip, they must be a balance.

But crypto users who have been in the market will tell you when to short and when to long.

[adaseb]

It's hard to predict which out of thousands of alts will go up, but what you can predict is that once a coin went up, it's bound to go down. Like, take the best performing coin right now, Dogecoin, there's absolutely no justification for its price, it has no adoption or promising features, it's pure hype. It's bound to go down, so if you carefully short it with small leverage, you're going to make profit. Obviously, the danger is in the known trading wisdom - "the market can stay irrational longer than you can remain solvent", but still the fact that pumped coins will go down is something that you can rely on.

People who buy dogecoin because of fomo deserve what ever happen to them, many early adopter have said that more then 50% of dogecoin held by only less then 30 person. And doge coin used just for pump and dump has been happen many years ago. About shorting alt with laveraged ? Its not good sugestion because laveraged will rekt you faster especialy we are not going down yet.

The issue is not really with the rich list being held by a small number of people. This is an old coin and there is a large percentage of people who probably lost the private key because its was low value for such a long time.

The biggest issue is the huge miner supply coming in everyday. At these currently prices there needs to be $500,000,000 of buys to equal the amount of newly minted coins every month. And this doesn't include the amount of sellers which bought at $0.01-$0.10 who want to take profit at $0.50 or $1.00.

Its basically not a question of if but when will it go back down.