Post
Topic
Board Speculation
Re: Bitfinex: Short > Long positions (Will end violently)
by
pereira4
on 23/02/2017, 23:06:22 UTC
55k Bitcoin in a short position ?  Holy mother.. Shocked

55k contracts. IE $5,5000,000 which is 5.5k BTC and he's probably using 10x leverage so 5.5k/10 = 550

550 bitcoin short

I hope this guy hasn't killed himself yet.

Shorting is so fucking stupid unless you are George Shoros himself managing insider information, then you could be able to take big shorts, but those guys gambling in such suicidal ways is so insane.

Just buy and hold, you will make massive gains like that alone. Im all about getting rich and taking risks but cmon, shorting bitcoin? bitcoin is only going up you dickwad shorts, don't you see the potential to go up is massive compared to going down? Shorts will never learn.