So who is shorting bitcoin right now ? Who's waiting for 3XX to short it?
As TPTB_need_war wrote "it needs a strong stomach" to do so. I've lost quite too many so far to try and short now (or at any price less than $3000). BUT; I know one thing for sure. No risk - no reward. Many people have the ability (and the money/BTC) to risk without caring. I don't. If you don't feel comfortable with a (possible) opportunity, don't do it. Simple as that.
I don't have the appetite to short either. It will be interesting to see what happens in light of the bull market in the dollar. This is a quote from Raoul Pal in this month's Global Macro Investor newsletter:
"I think that the dollar is the only thing that matters. My view remains that we are in the early stages of what will prove to be one of the biggest dollar bull markets in history, and it is going to reap devastation on the global economy..."
Link here:
https://www.hvst.com/posts/47293-global-macro-investor-july-2015-monthly