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Author Topic: Here comes the short covering/mini rally  (Read 877 times)
fewcoins (OP)
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December 11, 2014, 04:59:43 AM
 #1

I said cover at 340~ range and start nibbling. I am still in over 300 coins averaging a little less than $350 each.
I am going full leverage long if we hit below 330.
I hope you guys got strapped in when I called it... Get ready to test 400
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fewcoins (OP)
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December 11, 2014, 05:22:25 AM
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Damn hitting 360 this fast makes me want to take profits & maybe rebuy below 340-350?? What do you guys think?
RiverBoatBTC
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December 11, 2014, 05:22:56 AM
 #3

Thank microsoft

fewcoins (OP)
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December 11, 2014, 05:34:58 AM
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Now that I see this is from Microsoft news I am def cashing out now 110%
fewcoins (OP)
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December 11, 2014, 05:36:57 AM
 #5

Considering I made a BOAT LOAD of money shorting right as the paypal news was released.......
I just opened some shorts averaging slightly less than $360/each.. Will open more if we hit 370... Full leverage if we hit or pop past 400
hector3115
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December 12, 2014, 03:53:12 AM
 #6

Wow, shorting a small market cap like bitcoin is so reckless.  A black swan event will wipe you out eventually.  Trust me you will get caught with your hand in the cookie jar!!! 

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spazzdla
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December 12, 2014, 04:41:38 PM
 #7

Wow, shorting a small market cap like bitcoin is so reckless.  A black swan event will wipe you out eventually.  Trust me you will get caught with your hand in the cookie jar!!! 

This is what people forget when saying BTC can never reach X price, if a black swan event happens all shorts will get annihilated.. ANNIHILATED send the price into rocket mode.

As people dump $100 into the lottery a month on a 1 in 7 billion chance then turn around and rip on bitcoiners for betting on a black swan or BTC acceptance..
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December 12, 2014, 04:43:55 PM
 #8

I think the amusing thing is that OP expects anyone to believe he has 300 coins..
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