Quote from: Newbie1022 on November 12, 2014, 04:03:36 AM

Quote from: fewcoins on November 12, 2014, 03:57:34 AM

Quote from: Bulletin on November 11, 2014, 06:14:31 AM

It is rallying already.

Looks to be running out of steam, I closed most of my position at 380 now

Smart move!! I just opened me a fresh short at 381!

shorting right now is a bit bone headed. You cannot short Bitcoin on fundamentals. Bitcoin is like an Amazon a few years ago and Tesla now. People are buying regardless of fundamentals and that is the worst scenario to short. You are basically betting on some type of horrific news coming out like Gox 2.0. Everyone that owns Bitcoin and is holding knows we are in the infancy of crypto, most are willing to weather most all storms.

At this point for Bitcoin to drop even 20% would require something like a coinbase to pull a gox. We will have more scams and hacks I am sure but nobody even blinks at most bad news anymore. The pressure on Bitcoin price is only going to build as 2015 hits and the halving approaches all the while the prospect of a Cyprus 2.0 only grows.