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Guys, shall we short this? (self.Buttcoin)

bobthesponge1 が 投稿

This is obviously a pump and dump. Join me! Time to profit, fellow butters.

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[–]TheIndigoSky 9ポイント10ポイント  (1子コメント)

"Markets can remain irrational longer than you can remain solvent." - Keynes

[–]coelomate 0ポイント1ポイント  (0子コメント)

That's the number one reason, but a close number two is the inability to short bitcoin without participating in the horror-show that is the bitcoin ecosystem.

Yes, let's all sign up for BTCChina or BitFinex accounts to short bitcoin. Heads the price keeps going up and we lose. Tails the price crashes and the exchange evaporates and we lose.

WHAT COULD POSSIBLY GO WRONG!

[–]JustStopDude401K's are for idiots!!! 5ポイント6ポイント  (0子コメント)

I fairly certain that by trying to short bitcoin, I am opening myself to the same liabilities and fraud as if I was just trying to make money off of bitcoin increasing in value.

[–]ButtBernanke 4ポイント5ポイント  (1子コメント)

This is silly.

Regardless of pump and dump, the price of Bitcoin has no explanation anyway.

If you short it, you imply it should be lower than 300. But in fact it could literally be anything. Why 250 and not 2000 or 0.00003?

If you argue "that's crazy, it won't reach 2000", I can argue "that's crazy, it won't reach 25".

[–]Tulumbo 0ポイント1ポイント  (0子コメント)

What are you even getting at? By your logic, you can't explain the price of anything.

Water can be free, or in a drought it can be expensive, or in a desert it can be priceless. Can't explain that!

[–]GaiusPompeiusCampaigner for entrenched institutions 3ポイント4ポイント  (0子コメント)

Don't make the mistake of thinking Bitcoin moves on fundamentals. I mean, stock prices will eventually drop if the company's profits suffer, but what drives the price of Bitcoin? As near as I can figure, Bitcoin's sell pressure is determined mostly by the whales who buy off-exchange lots from Chinese miners. I don't know if it's worth betting on what they're going to decide to do tomorrow.

[–]lordgilman 1ポイント2ポイント  (2子コメント)

Check your work email. Something went out late Friday night explaining the plan for this pump and dump and Goldman Sachs is going to handle the price manipulation for us as usual.

[–]alarm_test 0ポイント1ポイント  (1子コメント)

What options are there for shorting bitcoin at the moment?

I was always used to seeing "shorts" painted as the bad guys on stock forums.

When there are more options for shorting bitcoin, I except the focus of bitcoin rage and blame to switch from "non-believers" and "missed the boaters" to "shorts"...then we've hit the mainstream.

[–]JeanneDOrc 1ポイント2ポイント  (0子コメント)

I was always used to seeing "shorts" painted as the bad guys on stock forums.

But enough about Overstock.

[–]JeanneDOrc 0ポイント1ポイント  (0子コメント)

If the Chinese exchanges are running their own willybots, no.

[–]itellyawut 0ポイント1ポイント  (0子コメント)

No, just continue doing actual work™.

[–]bontchev 0ポイント1ポイント  (0子コメント)

Trading illiquid markets (either long or short) is generally a bad idea.