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Started By
Message
Is it time to short Bitcoin ?
Posted on 11/24/24 at 12:03 pm
Posted on 11/24/24 at 12:03 pm
Seems like we are due for a healthy pullback, even if it eventually heads higher.
19
Posted on 11/24/24 at 12:06 pm to Norway
Definitely, sell some MSTR calls to get the most bang for your buck. NFA
This post was edited on 11/24/24 at 12:18 pm
Posted on 11/24/24 at 12:08 pm to Norway
I can’t imagine a scarier thing to do
Posted on 11/24/24 at 12:11 pm to Norway
You don't short trades with no fundamentals. You have no idea when the sentiment will change
Posted on 11/24/24 at 12:22 pm to The Baker
quote:
I can’t imagine a scarier thing to do
Will take some balls, but the gains could be fast & huge.
Doubt I will have the nerve to pull the trigger, but after this run it is tempting
Posted on 11/24/24 at 12:23 pm to UltimaParadox
quote:
You don't short trades with no fundamentals. You have no idea when the sentiment will change
Like the old saying "The markets can stay irrational longer than you can stay solvent".
Posted on 11/24/24 at 12:25 pm to Norway
If you hate money, sure.
I've been stacking Bitcoin for 8-9 years and I don't think I can remember a time where things were more bullish.
I've been stacking Bitcoin for 8-9 years and I don't think I can remember a time where things were more bullish.
Posted on 11/24/24 at 12:30 pm to Norway
Short term, maybe. And that's a big maybe.
Posted on 11/24/24 at 12:30 pm to Norway
Seems like a scary thing to do. $95,945 at the time of posting. Lets see what happens
Posted on 11/24/24 at 12:46 pm to TigerTatorTots
quote:
Seems like a scary thing to do. $95,945 at the time of posting. Lets see what happens
I'm not going to short it.
Bitcoin is the biggest "Greater Fool" asset going, and there is never a shortage of fools
Posted on 11/24/24 at 12:54 pm to TigerTatorTots
Michael Saylor predicts bitcoin will deliver a 29% annualized return over the next 21 years.
To hit 13 Million by 2045.
Who's the bigger Snake Oil Salesman ?
Michael Saylor or Cathi Wood
To hit 13 Million by 2045.
Who's the bigger Snake Oil Salesman ?
Michael Saylor or Cathi Wood
Posted on 11/24/24 at 1:21 pm to Norway
Be fearful when others are greedy and to be greedy only when others are fearful
Posted on 11/24/24 at 1:32 pm to I Love Bama
quote:
I don't think I can remember a time where things were more bullish.
Sell signal
Posted on 11/24/24 at 1:41 pm to Norway
quote:
Doubt I will have the nerve to pull the trigger, but after this run it is tempting
If you're going to short anything, pick a higher market cap altcoin for bigger gains. Maybe buy an ultra short ETH ETF or something like that. Alts will fall harder if BTC crashes.
But again, shorting is a bad idea right now unless you're looking for short term gains. The sentiment is extremely positive right now.
This post was edited on 11/24/24 at 1:45 pm
Posted on 11/24/24 at 3:00 pm to beaverfever
Sounds slightly bullish since you’d have to own MSTR to sell the calls.
Posted on 11/24/24 at 3:55 pm to JohnnyKilroy
quote:
Sell signal
Short it then.
Posted on 11/24/24 at 4:37 pm to Norway
Bitcoin is meant to be held for the longhaul. You don't short it.
This post was edited on 11/24/24 at 4:38 pm
Posted on 11/24/24 at 4:38 pm to Norway
At least he is backing it up with $2 billion
Posted on 11/24/24 at 6:06 pm to Norway
quote:
Who's the bigger Snake Oil Salesman ?
Michael Saylor or Cathi Wood
Saylor and microstrategy got fined by the SEC for cooking the books long ago and the stock tanked 99%, amazingly they survived until now. So that is a testament.
Saylor and company again we're caught cheating on their taxes recently and settled with the government.
So I would say compared to Cathie he is an experienced snake oil salesman
Posted on 11/24/24 at 6:08 pm to jmarto1
quote:
At least he is backing it up with $2 billion
Of other people's money. Guy has made a fortune of real cash selling stock.
Granted he says he has 1 billion in Bitcoin, but understandably he doesn't actually prove it any way
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