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 Shorting BTC from USD36000. Who join me?

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hjffgjng
post Jan 7 2021, 01:51 PM

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QUOTE(cofin @ Jan 7 2021, 01:36 PM)
short when uptrend and bullish ....kek
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why

what happen?

if shortin durin crash?what diff?what will happen?

if shortin durin skyrocket?what diff?what will hapen?
Doomsday
post Jan 7 2021, 01:51 PM

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Shortly peranjao sudah terbang. Orang sudah long
Doomsday
post Jan 7 2021, 01:53 PM

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QUOTE(AllnGap @ Jan 7 2021, 05:47 AM)
This one when go against you burn tahap KLCC

My friend rode on wrong side once. 22k burn to 800
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Become siaokia
SUSifourtos
post Jan 7 2021, 01:53 PM

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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.
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* 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.
SUSifourtos
post Jan 7 2021, 01:55 PM

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QUOTE(hjffgjng @ Jan 7 2021, 01:51 PM)
why

what happen?

if shortin durin crash?what diff?what will happen?

if shortin durin skyrocket?what diff?what will hapen?
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buy when it is ALMOST the end of Down trend

Short when it is ALMOST the end of Up trend.
morbo
post Jan 7 2021, 01:57 PM

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QUOTE(ifourtos @ Jan 7 2021, 01:50 PM)
IF i enter 36000. Sell position

BTC have to blown pass 70000 to blow my account lah.
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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.
hjffgjng
post Jan 7 2021, 01:58 PM

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QUOTE(ifourtos @ Jan 7 2021, 01:55 PM)
buy when it is ALMOST the end of Down trend

Short when it is ALMOST the end of Up trend.
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short = jual ??
cucumber
post Jan 7 2021, 01:59 PM

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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
styrwr91
post Jan 7 2021, 02:05 PM

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We are not even half way to peak yet... too early to short
TrialGone
post Jan 7 2021, 02:18 PM

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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.

Edit: typo
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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).

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.





hjffgjng
post Jan 7 2021, 02:28 PM

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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!
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so u not gonna sell like it was 19k last time?

peak,pop,peak u just gonna watch?
hjffgjng
post Jan 7 2021, 02:29 PM

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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).

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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shit,1 btc = 1 trilion usd

we all be using 0.00000001 oni
cucumber
post Jan 7 2021, 02:34 PM

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QUOTE(hjffgjng @ Jan 7 2021, 02:28 PM)
so u not gonna sell like it was 19k last time?

peak,pop,peak u just gonna watch?
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Of course i'm going to sell when it's coming down... like yesterday's drop it triggered my stop loss, i sold and bought back when it's uptrend again.
nerdook
post Jan 7 2021, 02:36 PM

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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.
hjffgjng
post Jan 7 2021, 02:36 PM

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QUOTE(cucumber @ Jan 7 2021, 02:34 PM)
Of course i'm going to sell when it's coming down... like yesterday's drop it triggered my stop loss, i sold and bought back when it's uptrend again.
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so u set,dip a bit straight sell?
whyamiblack
post Jan 7 2021, 02:38 PM

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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).

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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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.

This post has been edited by whyamiblack: Jan 7 2021, 02:47 PM
Syie9^_^
post Jan 7 2021, 02:39 PM

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QUOTE(hjffgjng @ Jan 7 2021, 03:59 PM)
shit,1 btc = 1 trilion usd

we all be using 0.00000001 oni
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BBBBBUUUU until you get 1 btc biggrin.gif
cucumber
post Jan 7 2021, 02:40 PM

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QUOTE(hjffgjng @ Jan 7 2021, 02:36 PM)
so u set,dip a bit straight sell?
*
I'm using 2 hr chart and adjust my trailing stop loss every few hours. It keeps going up, i keep buying in small quantity.

This post has been edited by cucumber: Jan 7 2021, 02:41 PM
morbo
post Jan 7 2021, 02:43 PM

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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).

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.
*
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.

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.
TrialGone
post Jan 7 2021, 02:44 PM

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QUOTE(hjffgjng @ Jan 7 2021, 02:29 PM)
shit,1 btc = 1 trilion usd

we all be using 0.00000001 oni
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Up to u to wait till that level. Problem is if (and that is a BIG if) other btc coiners want to wait that long and start shorting.

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