BTC ATH tonight. over $6000/btc!

[johnarb]

A week ago it was $5000/BTC. What a a week, eh?

I know the wish of most posters on this forum is for btc to keep going up /s

 

[ET180]

Trades like a hot penny stock.

 

[johnarb]

Trades like a hot penny stock.

I'm sure that was supposed to be a compliment as it would be stupid to complain about volatility on a trading site called elitetrader. Bitcoin has been doing this for 7 years, but there were quiet times and prolonged bear markets have taken place in btc.

 

[Cuddles]

Good times no doubt... We'll see how far it dips come fork time and all the money goes back to other crypto

 

[DeltaRisk]

Trades like a hot penny stock.

Not sure about the liquidity.
I wish it was regulated then I'd have the jump. Unregulated markets are just not my cup of tea.

I've traded it before years ago, wouldn't touch it with a ten foot pole now.

 

[emulation]

In 10 years time when its at $2 we're going to kill ourselves for not shorting it now

 

[ET180]

I'm sure that was supposed to be a compliment as it would be stupid to complain about volatility on a trading site called elitetrader. Bitcoin has been doing this for 7 years, but there were quiet times and prolonged bear markets have taken place in btc.

It wasn't intended to be a compliment. Just an observation. I don't mind volatility. I just don't like gambling.

 

[ET180]

In 10 years time when its at $2 we're going to kill ourselves for not shorting it now

How does one short bitcoin?

 

[FCXoptions]

In 10 years time when its at $2 we're going to kill ourselves for not shorting it now

Not as much as you'd want to kill yourself if it's at 50,000. If it goes down it's capped at 0....up could be very painful. There's a lot better things to short I'd say.

 

[Pekelo]

I am cashing out my 401K and putting it into bitcoin. I am either going to be rich or stop this madness, a win-win for everyone!