Post
Topic
Board Trading Discussion
Re: I think it's time to go Short on Bitcoin
by
DarkDays
on 03/03/2021, 17:59:37 UTC
I think bitcoin will drop to another Support in the next 24 hours, The volume is lower than the last weeks.

what do you think guys ?


I am not really convinced that bitcoins are going to fall a lot any time soon. Every time we see a drop in the market there is another 10% rally the next day. Like right now, bitcoin dropped below 50,000 USD just to bounce back again. In my opinion there are still a lot of buyers out there who are looking for good entry levels. It looks very risky to short bitcoins at the moment.
As per the comments above, shorting can be done- that's for sure - but you might find yourself that it is not working as well as you thought. BTC dumps are now minimized and you can never know which way/or how high it will go. Can potentially do it but like with everything else crypto related can be risky. So if you can manage that risk, give it a shot...