Time to short. Coming soon?

in #bitcoin7 years ago

It seems that the bull run has sort of lost momentum. As much i'd love to see it go up, we can't always expect it to be green always. Lot of talks going around

If that goes below $4250 support, would have no choice but to short i guess. Maybe i'm wrong.
What you guys think. HODL?

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Some nice profits were made this weekend, so I would expect some people to take their profits off the table. This will lead to a consolidation or lowering of prices. But that is healthy and the natural pattern for markets. I am still holding long though. Plenty of exciting times ahead.

Shorting and buying back at lower = more money. For the lack of a better term 'Greed is Good' lol
I wouldnt want to but if it goes below the mark, maybe... Sure thing mate, the wallet buried underground, not to be used for trading. Bullish long term and glad to connect :)

personally ..I think that there is no reason why Bitcoin should pool back
SegWit went fine and i think that as soon as it will gain some confidence,will mine the first few blocks and people will move their bitcoins from the Legacy chain to the SegWit chain the bitcoin will continue going up or will be horizontal for a while before going up again
...I would be glad to be wrong as i am always buying a bit more and a bit more but at current levels i don't feel comfortable to buy some more bitcoins as the price is very high

Buying btc with fiat is sort of impossible for a common man now, unless its in decimal sats. Most of my focus is on trading alts then short to btc. And i hate to short btc coz usd seems to be in deep shit esp now.

...sure man, when i say bitcoins is the name of the currency it is not that i buy 2 or 3 bitcoins ...i always buy 0.0 something :)

No need to short - why not just sit it out?

Well well! Trading only 25%, rest buried underground for 5years haha, it is sitting out :)

Sounds like a good strategy :-)

I am slowly buying in, once every 2 weeks to cost average - trying to avoid the temptation to impulse buy whenever there is a pump!

I think it will fall to 4000 again.

Possible, if it breaks $4250, hope it stays above it.

In order to pass the great wall that is 4500 mark, it has to pull back to gain strength.

To hyperspace ☄🚀 let the pullback come haha