Post
Topic
Board Speculation (Altcoins)
Re: How much is your altcoin down since January?
by
Titus Maximus
on 08/04/2018, 21:54:00 UTC
50 percent is a minimum loss every one are suffering right now


How can everyone lose and no one win?

It is a zero sum game

In a continuesly declining bear market the only ones who win are the ones who go short. In the Poll there are 6% who reported to make a profit. They were either short or had the few coins that were stable. If you didn't know, there are more Bitcoin short orders than ever recorded in history on bitfinex. In other words, more exchange users are betting against the current btc price than ever before. I was quite surprised as btc is already that low but apparently the overall sentiment is that we are still going much lower. I am not too concerned as the institutional money is supposed to be flowing in the market from April 5 on (wait, isn't that date in the past?) but on the other side traders who are putting short orders are typically pros who are very experienced and know (or should know) what they are doing.