You all are getting excited because of a 10$ increase ?
The higher it goes, the less margin you need to short it and not get a margin call due to volatility to the upside, before the implosion.
Again no guarantees. But obviously I feel confident enough that I sold to dollars at $315 all Bitcoin.
It's not only risky for those reasons, it's just generally risky to leave Bitcoins on exchanges long term no matter what, at least until a serious exchange like Gemini where you can trust it will not disappear overnight is available. Until then, leaving long term positions opened specially with serious amounts of Bitcoin is simply insane for my taste. Good luck tho, im sure there is big money to be made by taking such risks, but there is also tons of money to be lost, as always. Id rather hold trough it.
Agreed it much safer to sell to dollars. Even if Bitcoin goes up, you didn't lose your dollar value. And the dollar is appreciating.
Are you not afraid that you misread the bitcoin market ? In my opinion very few weak hands are left and most of the coins that are held now are bought either before the rally in the end of 2013 or shortly before and after the crash to 150$. That means most of the people are still(surprisingly) or almost in the green, even the people that joined after the November 2013 rally and timed their buys not in an amateurish way. Could it be that bitcoin is too small for such strong macroeconomic effects to have this impact ?
In the end most of the current holders are bulls that value their coins much higher than the current price, at least that is what i assume. Maybe i am naive.
Edit: I am fucking tempted to sell a small portion if it gets up again over 300$, just in case you are correct.