Post
Topic
Board Trading Discussion
Re: Does the Rise of Bitcoin affect short term positions?
by
player514
on 27/11/2017, 22:21:19 UTC
BTC surges past 9 k and short term threats are growing...

Any growth will affect short term positions. The reason for this is the volatility of bitcoin that comes through corrections after bubbles. It's highly suspected that a lot of people have sell orders in on bitcoin hitting 10,000. When that's reached, if a lot of people drop their bitcoin, we'll see a very strong correction that may drop it sub 9000. Short term traders should probably sell asap, it may be dangerous if they try to buy a lot more at 10,000.