Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
billyjoeallen
on 04/12/2014, 18:41:35 UTC
about 1 hour to lift off.  Cool

the launch has been delayed due to inclement weather.

Y'all should be happy I'm shorting. If there is a crash, I'll be there to cover my put and if it goes up from here, I'll be force liquidated, driving the price even higher.

Out of curiosity; what's the magnitude of coins you're trading? 10s / 100s / more?

I only have a 50 coin short in right now. If we go back up in the 380s or 90s in the next week, I'll double it. I'll be the first to admit that I'm a shitty day trader, so I'm not going to make any big moves until I have some more confidence in my abilities.

I have substantially more in cold storage, so I actually hope I'm wrong about a retest of ~$300 support. I'll make money either way. I suspect better traders than me are trading these small bounces, betting on a rebound, giving bulls more rope to hang themselves with.