600watt
Legendary
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Activity: 2338
Merit: 2106
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October 21, 2014, 02:04:14 PM |
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how you feel ?
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waltermot321
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October 21, 2014, 02:21:25 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.
At what price did you short? I got a feeling its bad time to short right now.. |
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Keyara
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October 21, 2014, 02:32:44 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.
While I am expecting it will go lower than 200, I am not as brave as you. The price can go to 800 first before dropping back and go below 200. |
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fewcoins
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October 21, 2014, 03:49:12 PM |
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Today will be the deciding point... If we can't hold 390 then we are now starting to hit lower highs, bad long bets, I might start selling/shorting some myself. Today is the decider day
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MatTheCat
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October 21, 2014, 06:47:39 PM |
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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.
...and now it is has moved right back up above where you bought it.....that glittering $100 profit or whatever that you could have had has went up in smoke. Now you are underwater by a pennies.....and so it will continue... the market will very likely crush your balls before it takes its next leg down proper. You will sell, and you will realise a loss. I will keep my fingers crossed on a little break out up to $450 for you.......ya fkn broke prick. |
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abs350 (OP)
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October 21, 2014, 06:50:09 PM |
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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.
...and now it is has moved right back up above where you bought it.....that glittering $100 profit or whatever that you could have had has went up in smoke. Now you are underwater by a pennies.....and so it will continue... the market will very likely crush your balls before it takes its next leg down proper. You will sell, and you will realise a loss. I will keep my fingers crossed on a little break out up to $450 for you.......ya fkn broke prick. Matt, since when could you predict the future? Are you going to update this thread after every 1 cent price move, to try and re-enforce your point? I suggest you stfu and get a life. |
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inca
Legendary
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Activity: 1176
Merit: 1000
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October 21, 2014, 07:05:48 PM |
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Are you basing this trade on the technicals (last few months price points down), or the fundamentals?
If it is the technicals, why not take the last few weeks which point up, or the overall multi year trend which points at alpha centauri?
Genuinely interested why anyone would short bitcoin, a hyper volatile commodity with a history of increasing price tenfold, especially with an entry after a >70% decline from a recent ATH. Surely there are better entry points?
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MatTheCat
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October 21, 2014, 09:52:16 PM |
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Matt, since when could you predict the future?
Are you going to update this thread after every 1 cent price move, to try and re-enforce your point?
I suggest you stfu and get a life.
Me advising that "one should never short in a flat market", wasn't exactly predicting the future, but more a general bit of common knowledge advice, similar in principle to "Never walk across a road with your eyes closed" It pleases me that you are so clearly fucked b4 you have even begun. What would please me more would be if you could go and max out some credit cards or something and put it all into Bitcoin investing. |
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saddambitcoin
Legendary
Offline
Activity: 1610
Merit: 1004
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October 21, 2014, 09:58:01 PM |
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i bought 1 BTC today just to do my part and make this guy eat his shorts!  |
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abs350 (OP)
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October 21, 2014, 10:40:20 PM |
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Matt, since when could you predict the future?
Are you going to update this thread after every 1 cent price move, to try and re-enforce your point?
I suggest you stfu and get a life.
Me advising that "one should never short in a flat market", wasn't exactly predicting the future, but more a general bit of common knowledge advice, similar in principle to "Never walk across a road with your eyes closed" It pleases me that you are so clearly fucked b4 you have even begun. What would please me more would be if you could go and max out some credit cards or something and put it all into Bitcoin investing. Matt it seems your only purpose for existence is to troll the forums correct? Seriously get a better hobby!!!! |
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thew3apon
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October 21, 2014, 11:49:41 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 $200 and lower.
Close your short once bitcoin drop 5-10$. Lower risk... |
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abs350 (OP)
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October 23, 2014, 04:46:05 AM |
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Wow this is incredible
The speed of the decline on huobi is something else.
Nice little profit already realized. Bigger move to come though.
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hyphymikey
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October 23, 2014, 05:08:43 AM |
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Wow this is incredible
The speed of the decline on huobi is something else.
Nice little profit already realized. Bigger move to come though.
Yeah man, that $10 drop was insane! Lol |
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fdiini
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October 23, 2014, 10:41:19 AM |
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Wow this is incredible
The speed of the decline on huobi is something else.
Nice little profit already realized. Bigger move to come though.
Yeah man, that $10 drop was insane! Lol 10 dollars drop was insane if someone is using huge leverage. |
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arbitrage001
Legendary
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Activity: 1067
Merit: 1000
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October 23, 2014, 10:51:23 AM |
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Based on today price, shorting seems to have pay off for him.
If it really drop to 200, I might buy some and treat it like lottery ticket.
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abs350 (OP)
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October 23, 2014, 09:33:08 PM |
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Yep paid off, still paying as we speak
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fewcoins
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October 23, 2014, 09:59:16 PM |
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Yep paid off, still paying as we speak
That's what Im talking about!!! $$$!!! Cashing out all day today, tomorrow should be a nice pop after all these covers |
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nrvkush
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October 23, 2014, 10:13:05 PM |
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Not much buying pressure, we need another Cyprus in Spain or Italy  Shorting seems to be a good idea |
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abs350 (OP)
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October 24, 2014, 03:24:08 AM |
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Yep for sure
By the way, anyone from coindesk want to give an interview to me, the successful bitcoin short seller? Im also available to speak about my market predictions. Guys from Coindesk, feel free to PM me.
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