Short now = make lots of money?

[SirChiko]

Ok I short at $245. Wish me luck.

Do you have an exit strategy? Never open a trade without one.
At what level of loss will you accept your original decision was wrong and get out?

No exit strategy. I'm really brave.
Plan on taking profit around $230.

Alot of soldiers etc have been brave and all they did was die. Beign brave isn't the same as success.

[Jzsize]

Ok I short at $245. Wish me luck.

Do you have an exit strategy? Never open a trade without one.
At what level of loss will you accept your original decision was wrong and get out?

No exit strategy. I'm really brave.
Plan on taking profit around $230.

Alot of soldiers etc have been brave and all they did was die. Beign brave isn't the same as success.

but if you want to success you need to be brave

[SirChiko]

Ok I short at $245. Wish me luck.

Do you have an exit strategy? Never open a trade without one.
At what level of loss will you accept your original decision was wrong and get out?

No exit strategy. I'm really brave.
Plan on taking profit around $230.

Alot of soldiers etc have been brave and all they did was die. Beign brave isn't the same as success.

but if you want to success you need to be brave

Or just be wise enought?

[oda.krell]

Wall Street is coming soon. I don't think any of the past cycles will matter once they come in. It will be a whole new ball game.

So true.

Agreed with the claim (WS is coming), or perhaps even, WS has been here for a while (maybe as a training field or playground for traders).

However, I think many here are under a misconception what it means once classical finance is entering the game. I personally think that, aside from a much needed correction, part of the reason we're seeing this drawn out bear market is that more traditionally oriented traders are making good use of margin trading to skim profits off of speculative (mini) rallies that aren't driven by a sustained inflow of new capital.

tl;dr IMO, Wall Street (or something close to it) is already here, but it's naive to think the only conclusion from that could be that it'll lead to new price highs.

[UnDerDoG81]

Whut? Last week people were scamming that bitcoin will reach single digits soon. Now CCMF TTM MF again? Glad I HODLED strongly. Wish I had some cash on stamp.

Glad I changed my Euros to Bitcoin. Euro is losing more and more value. And that shows how BTC really works. When the paper money is worth nothing in the future BTC will be a strong future currency.

[Dilla]

I definitely agree with you. Which is why I said what happened in 2011 does not really matter. I could easily see them sending this down to double digits as easy if not easier that shooting it up to a new ATH.

[HarmonLi]

Well, no one knows. And don't believe anyone who claims they do! Sure, it could be a good idea. Then again, it also could be an even better idea to go all in long on maximum leverage. But be prepared, one violent price swing (which Bitcoin loves to do occasionally) and you lost everything!

[var53]

Well, no one knows. And don't believe anyone who claims they do! Sure, it could be a good idea. Then again, it also could be an even better idea to go all in long on maximum leverage. But be prepared, one violent price swing (which Bitcoin loves to do occasionally) and you lost everything!

Nobody knows for certain, even professional traders get it wrong. Shorting right now is risky, but perhaps going long is too.

[HarmonLi]

Well, no one knows. And don't believe anyone who claims they do! Sure, it could be a good idea. Then again, it also could be an even better idea to go all in long on maximum leverage. But be prepared, one violent price swing (which Bitcoin loves to do occasionally) and you lost everything!

Nobody knows for certain, even professional traders get it wrong. Shorting right now is risky, but perhaps going long is too.

Yeah, well basically I would recommend you not to do anything on leverage right now. Especially not on a high leverage, the risk being wiped out is just too high! Please everyone, consider all the risks involved and make your own decisions!

[marvinrouge]

Ok I short at $245. Wish me luck.

Do you have an exit strategy? Never open a trade without one.
At what level of loss will you accept your original decision was wrong and get out?

No exit strategy. I'm really brave.
Plan on taking profit around $230.

Brave people die young and poor 

(seriously, get an exit strategy right now)

[HarmonLi]

Ok I short at $245. Wish me luck.

Do you have an exit strategy? Never open a trade without one.
At what level of loss will you accept your original decision was wrong and get out?

No exit strategy. I'm really brave.
Plan on taking profit around $230.

Brave people die young and poor 

(seriously, get an exit strategy right now)

Could be still some months or even a year ahead of us until we see the top of the next bubble. But I agree that people have to learn to take their gains. If you never realize your gains, you never actually made them!

[marvinrouge]

No exit strategy. I'm really brave  stupid.

FTFY 

Nothing to add

[marvinrouge]

Ok I short at $245. Wish me luck.

Do you have an exit strategy? Never open a trade without one.
At what level of loss will you accept your original decision was wrong and get out?

No exit strategy. I'm really brave.
Plan on taking profit around $230.

Brave people die young and poor  

(seriously, get an exit strategy right now)

Could be still some months or even a year ahead of us until we see the top of the next bubble. But I agree that people have to learn to take their gains. If you never realize your gains, you never actually made them!

I just don't understand why "shorting" Is there anything behind this decision ?

TA = bullish (IMHO)
bitcoin events = bullish
some guys on the forum = bearish

Of course we can go down further but I 'd need some real facts before betting my shirt on it.

[DonQuijote]

Yes, day trading is the new moon

[HarmonLi]

Ok I short at $245. Wish me luck.

Do you have an exit strategy? Never open a trade without one.
At what level of loss will you accept your original decision was wrong and get out?

No exit strategy. I'm really brave.
Plan on taking profit around $230.

Brave people die young and poor  

(seriously, get an exit strategy right now)

Could be still some months or even a year ahead of us until we see the top of the next bubble. But I agree that people have to learn to take their gains. If you never realize your gains, you never actually made them!

I just don't understand why "shorting" Is there anything behind this decision ?

TA = bullish (IMHO)
bitcoin events = bullish
some guys on the forum = bearish

Of course we can go down further but I 'd need some real facts before betting my shirt on it.

Not especially talking about shorting here... Shorting now would be the big gamble in my opinion. But if there's a really huge bubble, people would surely be best off if they sold near the top. Some people just don't 'see' or realize where they are as soon as a bubble happens.

[byronbb]

Who needs an exit strategy?  That's what margin calls are for.

[marvinrouge]

Who needs an exit strategy?  That's what margin calls are for.

 

[minerpumpkin]

Wow... I really wouldn't dare to short now. We're not in a stable bull market yet, but shorting seems to be really really really risky at the moment, if you ask me! But hey, it would be a nice surprise to see all the shorters get burned for a change

[Brewins]

dont short in short term.

Buy some and wait some days/weeks, you probably will be at profit

[rosh]

Shorting at these levels?
A lot of people are expecting a break out from here.