The biggest trade of the century

eternaldelight said:
I went long at around 8710 on February the 28th but my position size is a drop in the bucket compared to yours. I plan to hold for quite awhile. Let's see how the cookie crumbles. What's your reasoning behind your position? It's fine if you don't want to share it but I thought I'd ask since for some reason no one else has. If I were in your position I would cash out now.

@RedDuke the CME's maintenance margins for their BTC futures contracts are around 14,000-15,000 I believe
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thanks for letting me know. Thought it was much higher.
 
Another click bait title:

”the trade of the century”

the bigger trades went the other way— there were people who got Bitcoin when it was pennies and sold at various points over $10,000, $15,000 or more

it is highly doubtful that Bitcoin will end up trading in pennies again before you close out your short




NoEmotionTrader said:
I've shorted bitcoin since it went below $10000 with my entire life savings. I've even thrown in a bit of CFDs for good measure. At the moment, I'm up ~$40000 on CFDs alone. If Bitcoin even hits $2000 this year, I'll be able to retire to my dream country: Monaco. Apparently, the word is that Bitcoin could decline as much as 90% from it's current peak.
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I just came back to this thread to applaud you. Except I suspect you haven't yet covered your short...

Keep us up to date. I don't think it'll hit 2000 but maybe it will.
 
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