Quote from: Rampion on November 21, 2013, 10:26:47 AM

Quote from: gandhibt on November 21, 2013, 10:19:19 AM

Quote from: Rampion on November 21, 2013, 10:15:54 AM

Quote from: niothor on November 21, 2013, 09:56:36 AM

Quote from: Rampion on November 21, 2013, 09:19:13 AM

Poor bears. Pockets full of fiat, feeling sad and lonely because the choo choo train is leaving them behind Cheesy

Just joking. Huge resistance at $650 on Stamp, BTC1,500 mini-wall (not so mini these days at the current exchange rate) not getting chewed.

For those who took profits in the $670-$700 range (Stamp) these were great moments. I personally managed to sell 10% of my stash at $675, re-bought at $420 and just sold again a few hours ago around $630. Let me add that it was mostly sheer luck, my intention was to just take profits and not to daytrade, but you cannot say no to such an opportunity Cheesy

Gotta love bitcoin....

So what happened to bitcoin must crash to 50-40 in order to fly to the sky? Cheesy

It crashed to $50 on April 10th, tough Cheesy

Let me add that:

- being a bear is very satisfying*. If you are right, you are right; if you are wrong, you are rich Cheesy

- I only daytrade during bear markets. I don't see how I can increase my BTC in a bull market, and increasing my BTC is the only purpose of daytrading for me.

*I assume that bear or bull, nobody sane is 100% fiat, ever. The chances of the choo choo train leaving you behind are too high. This is why even the super-bears as Blitz do not short BTC Cheesy

Is it shorting only when you are all out of coins, but when you sell 50% of your coins it isn't? I'm just curious because people use this word differently.

Shorting = borrowing coins to sell them, in the hopes that the price per coin will be lower when you have to give them back. A "short sell" is to sell an asset (BTC) you don't own, you just have borrowed it to sell it because you anticipate the price to go down.

That's extremely dangerous with BTC, because the price has the potential to double multiple times very quickly, and thus you can face huge losses by shorting.

That's what "shorting" means, but in these forums many people say they are "short" when they have sold coins, which is not correct. What can you expect in a forum where most of people thinks that ROI is a synonym for break-even....

the big difference is that bitcoin can be instantly delivered so if you call in the short you don't have 14 days to cover!~i love it!!! Cheesy