The Super Terrific Happy Hour

For those of you wanting to hold on too Bitcoin at 2300, here is how all the marijuana stocks ended, and this was with shorts fueling the rise, and an actual business, and legalised marijuana on the horizon. These charts all look identical this is exactly what the tech charts looked like in late 1999. It always ends the same, and it will end quicker with bitcoin without shorts.

No one in their right mind will buy bitcoin over 2300, without forced liquidation you literally have zero buyers the party is over, it might edge a little higher but its going to lose 35% (or more) of its value within a month, if not a week, i guarantee it.





OWCP.png


AMMJ.png
CNBX.png
 
Last edited:
If you can find shares of ETRM this morning probably a no brainer short at 6-6.50 and keep adding, but not shortable for me in either account.
 
Chuck Krug said:
But for those looking to short bitcoins right now, there are two notable ways to do it:

  • Bitfinex: A Hong Kong-based bitcoin exchange based in Hong Kong, Bitfinex allows ordinary bitcoin holders to act like brokers and lend bitcoins to people who want to trade them. The exchange does a lot of this automatically.
  • ICBIT: ICBIT allows traders to make bets using futures

Source: https://qz.com/69630/how-to-short-bitcoins-if-you-really-must/
More...

Thx for the info Chuck, reaoson id never do it is cause there are stocks you can short like that on a daily basis, why move money to some shady unregulated broker just to short Bitcoin, when there is like 5-10 stocks a day that get crushed like that.
 
Short GLYC here at 11.15 just small 500 shares, it bounced 11.50 twice, but its SSR.... i did this against my better judgement so ill probably pay the price, usually dont have alot of luck shorting SSR stocks, but its a lotto ticket, either a homerun or a 200 dolllar loss.
 
Took a small 30$ loss on GLYC for now will look for it again at 12 bucks but there is a reserve just absorbing shares at 11.12, and its on SSR makes me feel like there is a big push coming off the open to screw shorts.
 
All done again, up 800, like always i sold too early on BX, and most likely sold too early on ERIC but i just trade whats obvious to me, totally blew it on GLYC too, but only lost 35 bucks on that, but it should have been a massive winner.
 
You must log in or register to reply here.
Back
Top