Post
Topic
Board Trading Discussion
Re: Betting on the price falling
by
squatz1
on 31/10/2017, 10:37:18 UTC
The price is going to crash back down to under $2,000, mark my words. I do not know exactly when it will happen, but my estimate is before the New Year, guaranteed. If you think about it that would make a lot of sense since everyone will want to sell it to buy gifts and stuff for the holiday season. Although I have a feeling that Bitcoin and cryptocurrencies in general will possibly be the hottest gift too.

While it is fair to say that their will be a price correction, to say that people will be selling Bitcoin and buying gifts 'and stuff' is going to be the reason behind the price fall that you're predicting is a rather horrid reason. Then you go on to contradict yourself by saying that Bitcoin and Altcoins will be popular as a gift. Simple supply and demand say that if more people are buying as gifts, the price should increase.

Back on topic here - Sell your Bitcoin and then buy again when you feel the fall is over / done with. To lock up your coins in a shitty options exchange is dumb, they're not as well known as the ones people like using and I wouldn't regard them as safe either.

That's the safest, cheapest, and easiest way to go about this.