Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
derpinheimer
on 28/03/2014, 01:10:36 UTC
puh for a second I thought my short at 474 would get squeezed

I'll see where this goes now from the sidelines
You shorted at $474? Are you fckin nuts?

Same was said to those who shorted at 1000, 800 and 600. 10K by spring yadda yadda. No one should be listening to bulltards right now.
The point is that you don't sell DURING the crash, when a bounce could happen at any time. You sell BEFORE the crash right after a bulltrap when there is low volume and everything is fizzling out and all the indicators are going down.

Yeah. I dont see anything wrong with shorting if you think its going down, but shorting after/"during" the drop is just unnecessary risk.