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Board Archival
Re: I sold everything at $158/159 this morning
by
MoonShadow
on 25/11/2013, 23:29:07 UTC
That's nothing.  Back around Feburary I shorted a small fortune in bitcoins because I thought, "There's no way that Bitcoins could surge beyond $80 apiece in the next two weeks!"

I was wrong, and as a result lost a life-changing number of bitcoins.  Had I not done that one wager, I would be able to retire and move to a warmer climate by now.  And I'm not exaggerating.

Well, check this out (http://np.reddit.com/r/Bitcoin/comments/1r88vl/need_advice_on_inheritance_arbitrage_family_etc/) and then we speak about pain and slaughter.

Well, that guy obviously has a block with learning that there are some risks that some people can't manage.  He needs to put that money into a CD or trust, and leave it for his sister.  I lost a fortune, but I learned that I shouldn't be gambling with bitcoins like it was monopoly money.

I thought we all agreed on something: one does not simply short bitcoins.

Doesn't matter what you might agree about.  It only matters what's possible.  Someone's going to ingore your agreement.