To every fucking degenerate shorter / FUDer that tried to bring me down these past few months. Tried to destroy everything I’ve worked toward the last year. Tried to rip billions of dollars from millions of people. And, worst of all, tried to destroy the only way I can improve not only my life, but the lives of my loved ones.
Know this.
You have lost.
Long live the King of Crypto. We’re just getting started.
>shorting causes the price to fall
thats the gayest shit i read here so far
you know where you belong
faggot
We're gonna fucking make it, op. Fuck these assholes
It almost sounds like you're trying to do something besides getting a lot of money from other people actually doing the work
> No but I'll share it with others like a good person
OK brah
Are you stupid? Shorting is just selling with intent of buying back in cheaper to cover. If you market sell to short of course the price can go down
but bitcoin cash is on a run again now and has had a greater increase than bitcoin legacy. buying bitcoin is just bad investment advice when you could have made more than 3x that on bitcoin cash...
subtle bch shill bot i got u ;^)
can always tell an underwater decemberbaby by the smell of estrogen in their posts
Opening a short position does not have a causal effect of driving the price downward, which is what OP and many others here seem to believe. You admit yourself in your post that the price "can" go down, it also can go up.
A short position is effectively borrowing an asset to sell it. If selling has a causal effect on driving the price downward, then shorting MUST also have the same effect. you might be thinking of contracts
That's the same thing as saying buying doesn't cause the price to go up.
This is the most guido shit I've read in a while.
>Bitcoin 98k 2020
>Long live the King
You sell your borrowed asset at the market price. Price goes sideways, not down.
regardless, it's a downward force on price. whether it goes sideways or into the ground depends on the extent of the force
>9147177
> (You)
>Opening a short position does not have a causal effect of driving the price downward.
You are completely wrong and you aren't even aware of why. If me and 10 others each open 10 million dollar short positions on Bitfinex or Bitmex at once, that's equivalent to a 100 million dollar market sell and will absolutely cause the price to fall.
Oh wow, no you're stupid. A market sell dumps into lower buy walls, directly causing the price to lower.
>And, worst of all, tried to destroy the only way I can improve not only my life, but the lives of my loved ones.
You really need to consider getting into index funds. You aren't cut out for anything else, fren
Excellent brain work guys. How large of a sale is necessary to cause the price to dump? Good thing we have data where we can look at this directly.
Check out all those times an increase in short positions caused the price to dump. October 9th, November 27th. And look at December, shorts fell along with BTC price. As far as Feb 1st goes you only have one data point that shows BTC falling at the same time with a large influx of shorts, but it was already in the middle of a crash. Feb 26th, shorts spike again, and the wow, that really caused the price to crumble.
There's a huge increase in shorts from March 24 to April 11th, BTC proportionally hard relative to previous spikes in shorts, didn't it? All those market sells going deep into the order book. Oh wait, except no, not at all. BTC rallied hard. You guys and OP were right after all, anons going short with hundreds of BTC loaned to them really destroyed the market and ripped billions of dollars from millions of people.
market moves because of bid-ask price spreads changes
>you and 10 others short selling might make the price go down
>but what if 11,000 people are trying to buy at the same time?
>the price goes up and short sellers lose
hey maybe stfu until you learn what you're talking about
I don't care how many graphs you have or what combination of words has convinced you otherwise and, frankly, believe whatever you want. Selling causes the market to go down. To short, you have to sell. To sell at market causes the price to drop. Who do you think you are selling to if not the total number of buyers willing to buy at that particular price? If you exhaust those buyers, you start eating to the next set of buyers at, you guessed it, the next lower price. And on and on. If the shorts at a given price don't have a significant impact, it means there was enough liquidity to keep it from happening. You still remove some of that liquidity and if enough people short, the price will inevitably go down.
But, hey, you do you
I don't think that disproves what I said , all you see is that such an amount of shorts was not enough to strongly influence the market. Theoretically though, a sufficiently* large short would be able to crush the market. At least temporarily
rip this user he got blown the fuck out
>How large of a sale is necessary to cause the price to dump?
You're so fucking dumb I swear to God. lmao.
Not an argument.
Let's take a real world example. I could borrow 100 BTC and sell it all right now and BTC would go down fifty, sixty bucks. This is barely a blip on compared to the $1000 movements in price we see week to week.
People like OP obviously believe shorting exerts a much stronger force on the market than what actually happens. A lot of people on Jow Forums when the news came out were saying "George Soros is going to short BTC to 0," which doesn't make sense on at least three different levels.
If shorting made the price go down as easily and strongly as OP and others like him imagine everyone could just open a short and be guaranteed to make money.
Selling pressure has a downward effect on the market and buying pressure has an upward effect. If the price goes up despite an increase in selling, it's only because there was also an increase in buying that overcame the selling pressure. A small sell will have a small downward effect, a big sell will have a stronger downward effect, a bunch of small sells put together will also have a strong effect. I can't believe you need to actually be explained this shit. You actually think price movement is independent of buying and selling.
> I could borrow 100 BTC and sell it all right now and BTC would go down fifty, sixty bucks.
WHAT THE FUCK YOU JUST PROVED YOUR SELF WRONG. You said shorting has no causal effect o driving the price downwards. What if 10 people borrowed 100 BTC to sell it all right now? 100 people?
No, thats not what I believe at all. I'm arguing against the notion OP and others seem to have here that shorting and FUD is what keeps BTC prices down. Shorts obviously don't exert enough downward pressure, even when they spiked their highest.
Check out the largest increase in the short market from March 24th to April 11th. According to people who believe shorting causes BTC to dump, we should be crashing.
>Check out the largest increase in the short market from March 24th to April 11th.
Because buying pressure was stronger, they still had a downward pressure on the price. If the shorts weren't there the price would have gone even higher because there would have been less selling resistance to overcome.
I can still jump in the air with 50 pounds strapped to my back, does that mean those 50 pounds have no downward gravitational force?