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Question: Did you make money from the falling bitcoin price yesterday
Yes - 26 (55.3%)
No - 21 (44.7%)
Total Voters: 47

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Author Topic: Did you make money from the falling bitcoin price yesterday  (Read 2354 times)
Kimba_Coinarch
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January 15, 2015, 11:58:18 PM
 #1

Yesterday was a huge day for traders, with many making a lot of money by going short on the bitcoin price and the leveraging to maximise their profits.

We saw a spike in trade volume on the Coinarch website.



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January 15, 2015, 11:59:57 PM
 #2

Can someone please explain to me how this works? I want to know.

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January 16, 2015, 01:45:32 AM
 #3

Yesterday was a huge day for traders, with many making a lot of money by going short on the bitcoin price and the leveraging to maximise their profits.

We saw a spike in trade volume on the Coinarch website.





What exchanges allow shorting?
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January 16, 2015, 02:20:35 AM
 #4

hey, but is it not the bitcoiners philosophy to use Bitcoin as currency only without any speculation? LOL

it's so funny when I see so much hypocrisy.  Cheesy
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January 16, 2015, 02:22:38 AM
 #5

I did.  I don't leverage though.  Only 'bet' as much as I care to lose  Grin
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January 16, 2015, 02:26:58 AM
 #6

No, I prefer to make much more when the Bitcoin price goes up.  Smiley

FYI: We are planning a fun, harmless "10% Attack" on the ETH/ICO Bubble Game.
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January 16, 2015, 02:27:33 AM
 #7

still HOLD when i bought at $198

waiting a good price to sell it
fenican
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January 16, 2015, 02:31:01 AM
 #8

Happy to report YES. I bought more at $189.
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January 16, 2015, 02:33:17 AM
 #9

i bought about 20btc , first time ever buying on the low, unless it drops again... Grin

Fuck Mt.Gox! Fuck Mintpal! Fuck Bter! FUCK kyc! Protect yourself use MGW! SUPERNET!
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January 16, 2015, 02:42:57 AM
 #10

still holding fiat from btc sales  at +300.  also holding nubits.

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MakingMoneyHoney
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January 16, 2015, 02:58:58 AM
 #11

Yesterday was a huge day for traders, with many making a lot of money by going short on the bitcoin price and the leveraging to maximise their profits.

We saw a spike in trade volume on the Coinarch website.


Many may have made money shorting Bitcoin, but many made money (myself included) buying at the low prices and banking on a rise.
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January 16, 2015, 03:02:32 AM
 #12

hey, but is it not the bitcoiners philosophy to use Bitcoin as currency only without any speculation? LOL

It's my philosophy at least. I didn't “win” money. All bitcoins I've bought are either in my wallet, or I already spent them on stuff online. I never change them back to fiat.

An economy based on endless growth is unsustainable.
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January 16, 2015, 03:06:14 AM
 #13

Yesterday was a huge day for traders, with many making a lot of money by going short on the bitcoin price and the leveraging to maximise their profits.

We saw a spike in trade volume on the Coinarch website.


Many may have made money shorting Bitcoin, but many made money (myself included) buying at the low prices and banking on a rise.

could be a dead cat bounce tho.  be careful btc hasn't stopped going down since the 1st quarter of 2014.  there were blips and signs of reversals, but still continued going down after.  


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January 16, 2015, 03:07:35 AM
 #14

I sure did. That was exciting. Grin

hey, but is it not the bitcoiners philosophy to use Bitcoin as currency only without any speculation?
Huh No, it is not. That sounds like a rather poorly conceived philosophy in any case, as a currency needs speculators to provide liquidity.

Will pretend to do unverifiable things (while actually eating an enchilada-style burrito) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4
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January 16, 2015, 03:25:14 AM
 #15

I sure did. That was exciting. Grin

hey, but is it not the bitcoiners philosophy to use Bitcoin as currency only without any speculation?
Huh No, it is not. That sounds like a rather poorly conceived philosophy in any case, as a currency needs speculators to provide liquidity.

tell that to the hordes who sustain something else Smiley
you can find tons of post with "Bitcoin is not for speculation"
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January 16, 2015, 03:27:04 AM
 #16

Yesterday was a huge day for traders, with many making a lot of money by going short on the bitcoin price and the leveraging to maximise their profits.

We saw a spike in trade volume on the Coinarch website.



Nope was playing the simulation but entered a bit too high
Now just waiting for 8 hours to clear and rebalance it again if the price doesn't go up too much from here.
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January 16, 2015, 05:05:44 AM
 #17

I sure did. That was exciting. Grin

hey, but is it not the bitcoiners philosophy to use Bitcoin as currency only without any speculation?
Huh No, it is not. That sounds like a rather poorly conceived philosophy in any case, as a currency needs speculators to provide liquidity.

tell that to the hordes who sustain something else Smiley
you can find tons of post with "Bitcoin is not for speculation"

Anyone is free to do with Bitcoin what one pleases. Some try to use it as a currency, some hold it as an investment. I don't agree with the latter, but there's nothing I can do about it.

An economy based on endless growth is unsustainable.
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January 16, 2015, 05:07:09 AM
 #18

Haven't seen that kind of drop in awhile but was able to nab a few coins when the bottom fell out to $160
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January 16, 2015, 05:20:51 AM
 #19

It's been rough just to stay afloat with the drop in price! Does anyone feel or have knowledge of it going back up at all? It dose seem that the prices go up during the spring and summer.
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January 16, 2015, 05:36:12 AM
 #20

I didn‘t do anything, but I'm a bit more BTC  Roll Eyes

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