Quote from: mckk on March 12, 2017, 02:54:48 PM

Quote from: JayJuanGee on March 12, 2017, 02:45:54 PM

Quote from: mckk on March 12, 2017, 02:22:04 PM

Quote from: Ted E. Bare on March 12, 2017, 02:18:58 PM

Breakout to the upside in progress? Happening?

Pre-dump breakout Grin

Wishful thinking mckk. I am sorry about the loss of your short.

The fact of the matter is that maybe you can sell a little bit of BTC to take out some risk, but do not sell large portions or short, because the upside potential is much greater than the downside, and if you bet on downwards, then you run a considerable risk of either getting left behind or having to buy back at a higher price

Actually I've earned a bit on my shirt when ETF was announced (because my market order was executed too late). Anyway I'm a bit negative because I see no real reason for bitcoin to rise so fast tbh.

About your tip to not sell all btc at such important events as ETF, that's smart but when I play with leverage I cannot risk getting my position liquidated.

You likely have a bit of a different mind-set from me because you are engaged in leveraging and attempting to predict (and to play upon) short term price movements.

That is not my strategy, so yeah, it causes us to think differently and then to play the short term movements differently.

Regarding whether BTC prices are in a bit of a bubble, that perspective is surely not a given.

You could be correct that we could have some more correction, but we could also go to $2k, $5k or even a bit higher. No matter what, I would not get locked into thinking that BTC prices cannot go up much more or that maybe even the upside potential is only $2k (or something like that). Therefore, there is nothing wrong with preparing for down, so long as you also prepare for up... but to each his own.