I follow my principles: never trade junk, not long and also not short. I posted this on january, 4: https://elitetrader.com/et/threads/bitcoin-price-thread.315402/page-109#post-4577756 In the mean time the price I used for calculations was around $14,000. Now we are around $11,000. The damage became billions and billions more. I showed what the risk was, and that risk became reality in less then 2 weeks. Those who bought after my posting lost till 25% of their capital in less than 2 weeks in a bitcoin that only could go up.
This is when I wish they had bitcoin ETFs to short this bubble.....came close but now that it's collapsed nearly 50% they are on hold for a while.
I disagree, as long as it is predictable and it moves, why not trade it? 10.5K by the way, getting close to the buy in. The 12K line should act as resistance for now.
For me unpredictable. But made in the short ES today more return than you could make in bitcoin. I can use leverage, you not.
You don't need ETF's, CME futures are available. Fully regulated. http://www.cmegroup.com/trading/equity-index/us-index/bitcoin.html See above link. Make $$$ and don't miss out on this opportunity.
There are CME futures on bitcoin, so there's leveraged trades there. You can mix it up with your other trades. Are you afraid of shorting bitcoin? http://www.cmegroup.com/trading/equity-index/us-index/bitcoin.html