QUOTE(cofin @ Jan 7 2021, 01:36 PM)
whywhat happen?
if shortin durin crash?what diff?what will happen?
if shortin durin skyrocket?what diff?what will hapen?
Shorting BTC from USD36000. Who join me?
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Jan 7 2021, 01:51 PM
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Junior Member
221 posts Joined: May 2017 |
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Jan 7 2021, 01:51 PM
Show posts by this member only | IPv6 | Post
#82
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Senior Member
2,491 posts Joined: Dec 2004 From: initrd |
Shortly peranjao sudah terbang. Orang sudah long
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Jan 7 2021, 01:53 PM
Show posts by this member only | IPv6 | Post
#83
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Senior Member
2,491 posts Joined: Dec 2004 From: initrd |
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Jan 7 2021, 01:53 PM
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Senior Member
2,256 posts Joined: Feb 2012 |
QUOTE(morbo @ Jan 7 2021, 01:37 PM) Stop loss at 45k, still a long way to go. Although nightmare scenario is it "chung" non-stop to, let's say 48k, triggering the stop-loss and liquidating the short contract, then crashes to 30k or something, lol. * notice i didnt post any screenshot... pshhhh.test water. most sheep is still high. almost time to enter. like most bubble happen before.. this is the sign of break. |
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Jan 7 2021, 01:55 PM
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Senior Member
2,256 posts Joined: Feb 2012 |
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Jan 7 2021, 01:57 PM
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Junior Member
51 posts Joined: Jan 2010 |
QUOTE(ifourtos @ Jan 7 2021, 01:50 PM) If you don't mind me asking, what's the rationale to short at exactly 36k? Any particular technical indicator? Or just gut feeling? Or is it because your bonus just came out? Am genuinely curious, and I hope you do well, I think it's healthier in the long-run for a bit of a correction and a period of consolidation (I know we had one recently, but that lasted for only a day or two) before another spike up. |
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Jan 7 2021, 01:58 PM
Show posts by this member only | IPv6 | Post
#87
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Junior Member
221 posts Joined: May 2017 |
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Jan 7 2021, 01:59 PM
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Junior Member
821 posts Joined: Jun 2005 |
If you look at the history of btc trend and the trajectory, we're not anywhere close to peak yet.. not sure why you're so confident. I'm going to keep accumulating until it pops. Good luck! This post has been edited by cucumber: Jan 7 2021, 02:01 PM Syie9^_^ liked this post
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Jan 7 2021, 02:05 PM
Show posts by this member only | IPv6 | Post
#89
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Senior Member
696 posts Joined: Aug 2008 |
We are not even half way to peak yet... too early to short
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Jan 7 2021, 02:18 PM
Show posts by this member only | IPv6 | Post
#90
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Junior Member
603 posts Joined: Sep 2017 |
QUOTE(morbo @ Jan 7 2021, 12:52 PM) Correct, and it should be something that everyone involved in crypto has to be aware of. Although, to be fair, that same logic can be applied to literally any asset or currency. Errrr... not really. U wont see gold bar drop to RM1. U wont see a 10 year old working car drop to RM1. On the flip side, you wont be paying RM1mil for a gram of gold too. Because this assets has value in different area which can be used as reference basis. Yes counter argument is that a broken car with a decayed carcass inside maybe worth RM0 but that's like very extreme case (which I know btc nuts going to use that as crazy excuse non stop).Currency yes, it can go bust like venezuela or zimbabwe but again, extreme case since currency like USD and EURO will ever rarely drop to such low due to their worldwide acceptance and central bank control (unless the govt gone nuts and start mass printing for no reason). Edit: typo Btc however........really just digital bits of 0s and 1s. It initially serve as alternative transaction to fiat away from govt control but not the case now with the price fluctuation. So it has no other value than to simply buy low and sell high or short. Since there is no govt/admin control (e.g. increase btc limit aka printing more money if the value skyrocket) , the value will move wildy since there is no way to tell whats its actually worth as there is no reference (value in other field) and depends solely on speculation. Therefore, if it goes USD 1mil or 0 one day, I wont be surprised. |
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Jan 7 2021, 02:28 PM
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Junior Member
221 posts Joined: May 2017 |
QUOTE(cucumber @ Jan 7 2021, 01:59 PM) If you look at the history of btc trend and the trajectory, we're not anywhere close to peak yet.. not sure why you're so confident. I'm going to keep accumulating until it pops. Good luck! so u not gonna sell like it was 19k last time?peak,pop,peak u just gonna watch? |
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Jan 7 2021, 02:29 PM
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Junior Member
221 posts Joined: May 2017 |
QUOTE(TrialGone @ Jan 7 2021, 02:18 PM) Errrr... not really. U wont see gold bar drop to RM1. U wont see a 10 year old working car drop to RM1. On the flip side, you wont be paying RM1mil for a gram of gold too. Because this assets has value in different area which can be used as reference basis. Yes counter argument is that a broken car with a decayed carcass inside maybe worth RM0 but that's like very extreme case (which I know btc nuts going to use that as crazy excuse non stop).Currency yes, it can go bust like venezuela or zimbabwe but again, extreme case since currency like USD and EURO will ever rarely drop to such low due to their worldwide acceptance and central bank control (unless the govt gone nuts and start mass printing for no reason). shit,1 btc = 1 trilion usdBtc however........really just digital bits of 0s and 1s. It initially serve as alternative transaction to fiat away from govt control but not the case now with the price fluctuation. So it has no other value than to simply buy low and sell high or short. Since there is no govt/admin control (e.g. increase btc limit aka printing more money if the value skyrocket) , the value will move wildy since there is no way to tell whats its actually worth as there is no reference (value in other field) and depends solely on speculation. Therefore, if it goes USD 1mil or 0 one day, I wont be surprised. we all be using 0.00000001 oni |
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Jan 7 2021, 02:34 PM
Show posts by this member only | IPv6 | Post
#93
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Junior Member
821 posts Joined: Jun 2005 |
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Jan 7 2021, 02:36 PM
Show posts by this member only | IPv6 | Post
#94
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Newbie
3 posts Joined: Dec 2013 |
Every exchange you can short on, your liquidation price is visible to the exchange itself. Most exchanges also operate their own long/short desk, so they can trade against you with full visibility (wallhack mode) while sudden changes (scam wicks) will liquidate you in an instant if you use any leverage at all.
Better keep your money in EPF. |
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Jan 7 2021, 02:36 PM
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221 posts Joined: May 2017 |
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Jan 7 2021, 02:38 PM
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70 posts Joined: Feb 2014 |
How is your short going?
QUOTE(TrialGone @ Jan 7 2021, 02:18 PM) Errrr... not really. U wont see gold bar drop to RM1. U wont see a 10 year old working car drop to RM1. On the flip side, you wont be paying RM1mil for a gram of gold too. Because this assets has value in different area which can be used as reference basis. Yes counter argument is that a broken car with a decayed carcass inside maybe worth RM0 but that's like very extreme case (which I know btc nuts going to use that as crazy excuse non stop).Currency yes, it can go bust like venezuela or zimbabwe but again, extreme case since currency like USD and EURO will ever rarely drop to such low due to their worldwide acceptance and central bank control (unless the govt gone nuts and start mass printing for no reason). For the sake of the people who have money in gold, I hope it comes as slowly and gently as possible because change is necessary. Gold is a hindrance to tech since fiat is backed by it. It does not create value and it doesn't even store it that well. We are very lucky to have lived in this century and witnessed things that no one thought would ever disappear actually burnt.Btc however........really just digital bits of 0s and 1s. It initially serve as alternative transaction to fiat away from govt control but not the case now with the price fluctuation. So it has no other value than to simply buy low and sell high or short. Since there is no govt/admin control (e.g. increase btc limit aka printing more money if the value skyrocket) , the value will move wildy since there is no way to tell whats its actually worth as there is no reference (value in other field) and depends solely on speculation. Therefore, if it goes USD 1mil or 0 one day, I wont be surprised. This post has been edited by whyamiblack: Jan 7 2021, 02:47 PM |
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Jan 7 2021, 02:39 PM
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Senior Member
1,072 posts Joined: Jun 2018 |
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Jan 7 2021, 02:40 PM
Show posts by this member only | IPv6 | Post
#98
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Junior Member
821 posts Joined: Jun 2005 |
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Jan 7 2021, 02:43 PM
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Junior Member
51 posts Joined: Jan 2010 |
QUOTE(TrialGone @ Jan 7 2021, 02:18 PM) Errrr... not really. U wont see gold bar drop to RM1. U wont see a 10 year old working car drop to RM1. On the flip side, you wont be paying RM1mil for a gram of gold too. Because this assets has value in different area which can be used as reference basis. Yes counter argument is that a broken car with a decayed carcass inside maybe worth RM0 but that's like very extreme case (which I know btc nuts going to use that as crazy excuse non stop).Currency yes, it can go bust like venezuela or zimbabwe but again, extreme case since currency like USD and EURO will ever rarely drop to such low due to their worldwide acceptance and central bank control (unless the govt gone nuts and start mass printing for no reason). Your words were "Purely depends on how much people value 1 btc." and hence using your example, the price of anything is dependent on how people value it.Btc however........really just digital bits of 0s and 1s. It initially serve as alternative transaction to fiat away from govt control but not the case now with the price fluctuation. So it has no other value than to simply buy low and sell high or short. Since there is no govt/admin control (e.g. increase btc limit aka printing more money if the value skyrocket) , the value will move wildy since there is no way to tell whats its actually worth as there is no reference (value in other field) and depends solely on speculation. Therefore, if it goes USD 1mil or 0 one day, I wont be surprised. Using an extreme example, there could be a time when people view gold as useless (let's say it gets replaced by another rare metal - worth reiterating that this is a very extreme example), then people would value it at close to zero. Not that I want that to happen, nor am I trying to start a long drawn out argument, just going along with your hypothesis. |
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Jan 7 2021, 02:44 PM
Show posts by this member only | IPv6 | Post
#100
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Junior Member
603 posts Joined: Sep 2017 |
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