Stop giving such advices because there are a lot of newbies in here, and maybe they will feel a little bit tempted and they will starting shorting bitcoin soon, and that is RISKY as hell.
Risking in cryptos is the worst thing that you can do, and you need ot have huge balls for doing it so.
with 3 percent stop.
Should start dropping very soon
* This is not a recommendation to act and is based on my personal algorithms
EdenDice,
1. I gave a close stop, so it's as risk free as can be (Given that the bitcoin markets are 24/7, there is no possibiliy of loss greater than 3%).
Not only did the short succeed, but it did so while keeping such a close stop.
2. I am confident current bitcoin holders and traders are blind to the fact that holding bitcoin or any cryptocurrency at this time is far riskier than shorting it.
I have a suggestion for you - remember this discussion and re-read it in a month or two, look at the price drop in bitcoin since we chatted.
To clarify - I don't have any negative fundamental opinion against bitcoin, it's just a technical necessity based on my algorithms that the price will drop soon.