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abs350 (OP)
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October 20, 2014, 07:46:36 PM |
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I took a short position in BTC last night.
Short -10 BTC.
Let's see how it plays out. Im expecting it to go to $200 and lower.
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dropt
Legendary
 Offline
Activity: 1512
Merit: 1000
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October 20, 2014, 07:51:09 PM |
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Say goodbye to your collateral  |
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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October 20, 2014, 08:23:11 PM |
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Who knows in the short term which way the price will blow. But after a 76% decline good luck with that.
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hyphymikey
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October 20, 2014, 09:57:53 PM |
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On which site and which ratio?
Ahhh either way it doesn't matter, consider your collateral gone.
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saddambitcoin
Legendary
Offline
Activity: 1610
Merit: 1004
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October 20, 2014, 10:02:43 PM |
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I took a short position in BTC last night.
Short -10 BTC.
Let's see how it plays out. Im expecting it to go to $200 and lower.
you should know that historically bitcoin has never dropped below the previous ATH of the last bubble. so in this instance that would be the april 2013 peak of $266. i highly doubt it will act differently this time. |
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rjp55
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October 20, 2014, 10:02:49 PM |
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30k bitcoin bought at $300. Cmon man....
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adaseb
Legendary
Offline
Activity: 3780
Merit: 1718
CoinPoker.com
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October 20, 2014, 10:31:58 PM |
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If I were a gambling man, I would rather go short then long with the recent price action.
Ever rally gets sold off.
Only reason price is at this level is due to short coverings.
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coinableS
Legendary
Offline
Activity: 1442
Merit: 1179
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October 20, 2014, 10:37:18 PM |
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I definitely believe it could drop further, but that's a hefty risk shorting 10BTC after all this support in the mid 300 price. I think it's more likely to slowly rise than to fall. But who knows this is bitcoin!
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zimmah
Legendary
Offline
Activity: 1106
Merit: 1005
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October 20, 2014, 10:45:15 PM |
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I took a short position in BTC last night.
Short -10 BTC.
Let's see how it plays out. Im expecting it to go to $200 and lower.
i think you are a little late to the bear party. you should have probably shorted a couple of months ago |
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fewcoins
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October 20, 2014, 10:49:29 PM |
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I took a short position in BTC last night.
Short -10 BTC.
Let's see how it plays out. Im expecting it to go to $200 and lower.
i think you are a little late to the bear party. you should have probably shorted a couple of months ago Very true... the price swings will be too crazy now & he will probably lose all his collateral |
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thew3apon
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October 21, 2014, 12:56:25 AM |
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I took a short position in BTC last night.
Short -10 BTC.
Let's see how it plays out. Im expecting it to go to $200 and lower.
Say good bye to your 10btc, it is going higher next week.. |
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lunarboy
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October 21, 2014, 03:38:27 AM |
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I took a short position in BTC last night.
Short -10 BTC.
Let's see how it plays out. Im expecting it to go to $200 and lower.
Say good bye to your 10btc, it is going higher next week.. Is there someplace I can short this short ? |
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fewcoins
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October 21, 2014, 04:52:43 AM |
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I took a short position in BTC last night.
Short -10 BTC.
Let's see how it plays out. Im expecting it to go to $200 and lower.
Say good bye to your 10btc, it is going higher next week.. Is there someplace I can short this short ? Yea, Buy more coins....... |
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Sophie.Greek
Newbie
Offline
Activity: 23
Merit: 0
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October 21, 2014, 06:54:39 AM |
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Fuck, do you know Bitcoin will be murdered by people like you?
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bigasic
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October 21, 2014, 06:59:37 AM |
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Im glad I dont know the ins and outs of short and long postitions. I know what they are, but I dont know how to "bet" shorting or long positions. Ill probably learn one day, but ill have to make sure I dont have access to my coins. but shorting 10 coins, not sure how much you are going to lose or win, but Id say that was a very ballsy bet.
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piramida
Legendary
Offline
Activity: 1176
Merit: 1010
Borsche
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October 21, 2014, 07:12:10 AM |
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Fuck, do you know Bitcoin will be murdered by people like you?
bitcoin does not give a slightest crap about how much dollars people are giving it away for. really, does not. you or he or bill gates can not kill it by shorting, don't worry. a guy with 30+k of shorting didn't make anything but a tiny one-day dent in the price, and bitcoin-the-idea didn't even notice he ever existed. if bitcoin-the-idea survived mtGox - the million coin scam op - others are just peanuts. |
i am satoshi
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Bulletin
Member
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Activity: 71
Merit: 10
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October 21, 2014, 07:15:21 AM |
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How much have you lost already ?
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MatTheCat
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October 21, 2014, 07:25:57 AM |
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I took a short position in BTC last night.
Short -10 BTC.
Let's see how it plays out. Im expecting it to go to $200 and lower.
Never trade with leverage in a flat market and NEVER short in a flat market. Even if the market does end up going your way in the end (and I believe that it will), you will get shaken out of that position, I can almost practically guarantee it. |
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Bulletin
Member
Offline
Activity: 71
Merit: 10
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October 21, 2014, 07:28:28 AM |
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I took a short position in BTC last night.
Short -10 BTC.
Let's see how it plays out. Im expecting it to go to $200 and lower.
Never trade with leverage in a flat market and NEVER short in a flat market. Even if the market does end up going your way in the end (and I believe that it will), you will get shaken out of that position, I practically guarantee it. I can only agree on this one. |
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abs350 (OP)
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October 21, 2014, 07:52:46 AM |
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I took a short position in BTC last night.
Short -10 BTC.
Let's see how it plays out. Im expecting it to go to $200 and lower.
Never trade with leverage in a flat market and NEVER short in a flat market. Even if the market does end up going your way in the end (and I believe that it will), you will get shaken out of that position, I can almost practically guarantee it. Thankfully Matt I don't listen to a single word of your advice. Infact, doing the opposite of your advice is a pre requisite for me. So the price has moved down a little since I took the position, but other than that no big changes. I'm waiting for a break downwards. I'm thinking of donating my profit to a charitable cause, please feel free to post your suggestions. |
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