Bitcoin Forum

The BTC swaps went from 16k to 21k during that dump. USD swaps seem to be barely affected.

Predictions?

Ballsy play. Wasn't me. :P

My prediction: Dump.

China still looks very bullish - so no not a wise move in my opinion

Ahh, I don't think it's a smart move. China still is in a full-bullish mode. Also, >3000 coins on finex and we are at $350. Thought that was worth mentioning. ;)

Old habits die hard. Perhaps it'll be the move of the century or the end of their dreams. I wouldn't be taking that type of risk right now myself.

not the worst move IMO i think they will see a chance to cover at a profit soon, but if they get greedy and wait for like <270 they could get burnt real hard. next week we may be at a point where we will never see sub 300 ever again

If they turn around China, then they made a good move. If not, someone will need some aspirin.

He's about to get zhou thonged.

NOMNOMNOMMM

Eventually this will happen.. when they have to start covering their shorts... you ain't seen nothing yet.

IMO this is one final pump and dump before the halving rise, I hope I am wrong.

Hero or Zero.

I like his style.

minute millionaire

Very brave move, but it may very well pay off big time. A correction is about to hit the price hard, it is just going to fast at the moment.

And if people start doing these kinds of stuff more, that also means those people are not putting any money on the other side anymore. Maybe they are even partially responsible for the price increase and are now fairly certain it will drop.

sooner or later overconfident bears will go bust. The profit has to come from somewhere.

A lot of bulls will make money, that money will be partly because of new investors, but a large part will also come from broke bears.

Thanks for your donation infidels.

eat your bitcoins Chain.

http://spottedmarley.com/thinkabout/bit-jacks.jpg

Is this a new meme?

Zoo-Thonged? lol

Zhou-tonged (https://www.youtube.com/watch?v=kdvTkddp1F0) then.

be short on Btc now has an high risk, the chines market is buying a lot, new users are coming to bitcoin, an old users are seeing this climbing movement as the prelude of the halving with big prices.

I am sure he had his reasons for the short. However one thing I don't understand is why do a market sell instead of using a hidden limit order.

Does not seem closed yet: https://bfxdata.com/swaphistory/btc

I guess it can give us some fireworks later.

They must know something we all don't. This is a huge risk to leave it open with hardly signs for short term decline.

Or he must bet on the correction, but indeed, why he used an open order, it cries for people to take advantage of you.

So its a $2,000,000 short of ~6000 BTC.

He's negative $127,000 currently.

Since I prefer not to see Borat thonged, I also prefer not to see Zhou thonged. :)

Mmmm ... thong made of emery cloth

If Chinese keep on buying we are going to have a nice Christmas.
According to the trading volume Chinese exchanges are more than 90% of the trading volume.
A 5K short seems a big thing and it is actually but if we put it in the big picture is just a grain of sand of what is happening in China!

Okcoin had a trading volume of 1.300.000 BTC in the last day.

That's huge

Where can I get that?
Looks really delicious!
Great morning.Woke up, checked the price, and I'm stunned!!

With this big volumen on china i don't recommend to anyone to be short on bitcoin. Every day on morning when chinese users wake up bitcoin prices start to climb, some day bitcoin price can go down but with this volume i don't expect to see it another time lower than 300$

We don't know the full story.

This person might as well be hedging part of his even larger long position, in which case it wouldn't be such a bad move.

I am not sure on how to read that chart all I see is a spike for 6382 Bitcoin on October 29 and a chart that seems to be at that stabalized at that new high level, but I presume they might be testing to see if the market swings back in their direction instead of rebalancing at this point that or as already mentioned they are placing a hedge in this market.