Post
Topic
Board Trading Discussion
Re: Short now = make lots of money?
by
beerlover
on 11/01/2019, 16:38:36 UTC
Hi,

I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...
Seriously ? This clearly shows how OP and anyone who agrees with OP doesn't know trading at all. Shorting while something is already down 80%+ is insane, why would you start shorting now. It is exactly like buying leveraged longs while we were in 20 thousand dollar levels.

It makes no sense at all to short it when the price is so low. I am not saying buy longs or even buy but if you think bitcoin is going down just stay at fiat for a while until you decide its time to buy but do not risk your money shorting bitcoin when its already this low, the most likely scenario is you will lose a lot of money because of it.

This is exact opposite time to short since the price is not really good for going too much down, it may go down only a bit but it won't go down too much like it did in all of 2018.