Shorting on bitcoin

Margin trading bitcoin is more profitable than trading shitcoins on poloniex.. Who cares if it goes up or down.. Profits is all that matters.. Not like i can affect the prices anyways

>>1696503
935
>muh shekels :(

>>1696503
this could be a second bubble, meaning 2500 would be in store for 2017

>>1696517
929.. i think we're crashing

China
>lets bait westerners to buy bitcoin at a high price!
Westerner
>OMG TO DA MOOOON!
China
>yeah short it just before it reaches $1000. How fucking dumb are they?

>>1696526
Honestly though, China can't control the whole thing, if they are about to short it at 980 for example, and Indians need that bitcoin because of their shit economy, the price is gonna go up either way

>>1696537
Yet China used to hold so much U.S. Treausury debt.

Bitcoin is much much smaller so yeah China can control it.

Perhaps though you didn't realize it was the other way around.

>>1696537
>yfw you realize that your average consumer will place his money in literally a thousand alternative assets besides his regular currency before he even considers using BTC because he doesn't understand it
>yfw you're still a broke NEET 12 months from now

>>1697663
yeah thats my problem with bitcoin. think of the fucking rednecks. i dont know if they would understand this hocus pocus internet money.

that being said, im still holding. i think 2017 is going to be a good year.

>>1696537

they can, just like they did before. all it took was the government to breathe rumors about banning it, and it tanked hard. then everyone `understood` it was a ban limited to just banks and rose again.

but either way Im going long because at the end of the day btc still works and fills the needs of people (albeit just a few), so itll still be valuable

File: 1475300845598.jpg (8KB, 220x220px) Image search: [Google]

8KB, 220x220px

>>1698050
20 years ago few people understood computers and the internet. It was nerds only, people just watched TV.

At some point, 'computers' became cool and accessible. iPhones, facebook, all this shit made people who previously couldn't turn a fucking computer on become internet users.

The same will happen with bitcoin, it will get easier to use, integrated with everything, it will just be part of life.