Quote from: Johnzky on October 02, 2018, 08:44:41 AM

Quote from: KingScorpio on May 30, 2018, 06:33:28 PM

Can we make a ton of money buy going short on bitcoin now? Profiting from bitcoins downtrend? Someone tried that already

Yes we can profit in downtrend since bitcoin is keep on falling and growing meaning theres a possibility to gain money,but Tons?Lol thats a shit thing to expect man,because to gain tons of money you must invest billions of capital

Or simply set the leverage to 100x on Bitmex Cheesy

That way, you could make a position of $100,000 with only $1,000. If the market move as you expected, then you'll get tons of money, practically out of a small $1,000. Just kidding, I don't recommend making a trade with very high leverage as Bitcoin is very volatile. With such high leverage, you can get liquidated from a random spike that often occur in crypto market.

Anyway, yes, the only way to make money during this bear trend is only from short position, in my opinion. Just trade with 3-5x leverage you can already make considerable amount of profit. Make sure you do your analysis thoroughly.