Shorting Monero at Poloniex is now pretty affordable.
It might give some good opportunities if the price bottoms.
On the other hand, borrowing bitcoins to entering into long position is more expensive than opening a short position.
At some point this will trigger a wave of short positions as long as the interest rate gap between Monero and BTC becomes more or less the same.
That's how the free markets work.
Haha - still trying to push the markets down then?
Good luck meeting your somewhat risible 0.0005 target.
truth is, we need people like TrueCryptonaire, there is little merit in things that aren't tested, Monero need lots of tests.
Yup.
Shorting Monero is actually a good thing. At some point the shorts need to be closed and hopefully it has to be done at lower price than the entrance price.
The other factor that one need to take account into is the interest rate.
Seems not many people are willing to short so I am afraid that will change as things need to be stabilized. The long side is somewhat stronger as the rates are high there.
I am sure at some point people will see the opportunity at entering into short positions.
I hope for everybody not to be the last guy shorting.
I sold a significiant part of my Moneros above 0.003 over 1 month ago and still I have not bought because Monero feels it wants to go down.
The gravity is there.
Monero needs people like me who are able to buy back in at lower prices since the hope is not there when the price is at the very bottom. Still way too much optimism to make me entering.