thanks for the replies! i was actually spending most of tonight looking into the ways of shorting bitcoin, then was debating the relative merits of bitcoin vs s&p for bitcoin, i guess the appeal for me personally was how it actually had decent retracements on its way up -- the hands dont seem quite as sure/strong as s&p, eg. when Jamie Dimon made the comment about firing any trader who traded cryptocurrencies, bitcoin had quite a sizable dip, seemed like the market was rather skittish. also the fact that the parabolic trajectory is right out of the quintessential chart for 'stages of a bubble' in finance books
Short SPX 2600 if I had to choose. I'd prefer to be long on both. Takes two sides to make a market I guess.
All things equal, I'd rather be short Bitcoin.....there is a far higher probability that something like Bitcoin gets a very rapid 30% flush up here than the S&P doing the same....sure the emini can drop 30%, but it won't do it as quickly as Bitcoin could.
wow, ok that was a fast retracement https://www.bloomberg.com/news/arti...dium=social&cmpid==socialflow-twitter-markets