I want to short it but I've no idea how much % of my roll I should short to avoid getting margin called and when to begin the shorting position. According to armstrong the gold incoming crash is coming the week of the 10 of august right ? So Maybe we all should the 9th of august before opening our positions ?
@TPTB: when you say "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. Another gift from perma-bull-tards." is it because right now btc has only 10% upside max (315/288) ?
If you are going to short, you have to allow for getting the timing slightly wrong. And price might move against you for a while. So you have to decide how much upside in the price you are willing to protect with margin and thus how much money you risk losing if it moves over that price. I can't guarantee you the price won't go higher than $315. I was going to put up enough margin to allow for $385 before I would get stopped out and lose the margin.
Also no one can make a 100% guarantee that
BTC is headed lower. Nothing is 100%. There is always some probability we are wrong. I think the probability is low, but it isn't 0%. The safest is to sell
BTC for dollars and not short. Shorting is for those who need to risk.
Right on time for the Sept/Oct turn of the ECM (and the computer model prediction of massive volatility in the Euro from November until January), Armstrong's prediction the Fed would raise rates. South Africa already did. Other emerging markets will have to raise to protect their currencies and forex reserves.
So there is your factor to drive debt contagion. Rising interest rates.
Euro will collapse below parity dragging gold and BTC down.
We are going to shake out (pauperize) all those Bitards who have been criticizing me and Armstrong for the past 2 years. Wise crypto-currency investors will sell out to dollars here around $300 or (if they can stomach the risk) even short BTC.
Serious question: why do you think btc is correlated with gold or other commodities? Armstrong may be correct about a macroeconomic cycle but get bitcoin completely wrong.
Oh and I think you should make it clear you are not being highly irresponsible and advising people to leverage short bitcoin.