I'm long BTC and have been accumulating my position. It could be a bubble but you don't know when it will pop. It could be tomorrow or next year. It is too dangerous to go contrarian because you could go broke even if your assumption is correct.
$40k margin for shorting is rather high. which broker is that? I heard gaincapital is offering 1X margin for trading (long or short) during day time, and 1.25x margin if hold overnight.
Thought so too but seems like bitcoin cash just spreading some fear and stealing market share. Which means one should really consider cash as its growth has been substantial even if cannibalizing. I might have to pick more BTC expecting a rebound. Not being an optimist, I just don't see the reason for the sell off..... We've never had these many new buyers either so panic can definitely be worse this time around.