Just when you think its finally starting to drop, someone starts buying it back up again.

Quote from: Ander on February 10, 2016, 07:48:19 am

And another new high.  Wow.

Thats why you dont short.

you were right and I was wrong.

Well, if you managed to cover on the drop to .01002 then you couldve still made it work out, hopefully.

Shorting right now is just gambling.  You are hoping to get lucky in hitting a top.  Yes you can make moeny if you get it right, but you can also lose a lot. 

I find that when ETH breaks out to a new high, you shouldnt short it, you need to wait until it creates a trading range again.  Then when its near the top f that range you can short it, and cover if it breaks to a new high, or if it drops to the bottom of the range you cover for profit.   


But really, longing ETH on dips has been way more profitable recently.   You just gotta make sure to sell if it ever breaks the uptrend.

Shorting might make you money, or might not, but if you do it you had better put a stop in at a new high and eat your loss, and not just follow it up forever and ever.

I do think there is a good chance itll correct to low .01 range right now though.  But beyond really short term moves, shorting is very risky.

If you have no eth you better start hitting this every hour.  .01 ETH each time, thats like 4 cents per faucet hit!

http://free-ethereum.com/signupin/50760

Don't be like cagara, who just told polo chat he is at -512 btc in his ETH short.

This isnt the top, its the breakout.  Its the moment when ETH shows the world it is replacing btc.

One of the major benefits of basing this off of stake is that it prevents sybils.  If you create 10000 empty accounts you wont be able to them to get free transactions since they all have 0 stake.  If you spread your stake out to these 10000 accounts then you will get the same amount of free transfers that you would get from all of your stake being in one account.

That works, and its also a reason to hold BTS!