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Title: See that flashing * on bitcoinica Post by: Bigpiggy01 on January 26, 2012, 01:38:14 PM Looks like bitcoinica is running low on shorts judging by that asterisk ;)
We all know what that means ;D Squeeze or get raped :-\ Title: Re: See that flashing * on bitcoinica Post by: Bigpiggy01 on January 26, 2012, 01:55:02 PM Quote wont show up until 5.8 Ummm DOUH! It's been on and off for the last hour or so :P Title: Re: See that flashing * on bitcoinica Post by: CombustibleLemon on January 26, 2012, 02:25:55 PM So you're theorizing that bitcoinica is running low on coins to short with, so soon there will be an upwards correction?
Or am I interpreting wrong and your opinion is that bitcoinica is running low on coins to short with which will lead to liquidations that will further short the market? Title: Re: See that flashing * on bitcoinica Post by: teflone on January 26, 2012, 05:44:42 PM Double starfish...
lemmings Title: Re: See that flashing * on bitcoinica Post by: Vandroiy on January 26, 2012, 11:27:14 PM Watch out.
Look at the book depth, Bitcoinica volume and where the mad fluctuations were. You might be just one wall away from destruction. And this time, people will not jump back to business. The fluctuations on the star and rarity of the sudden spikes seem to show they're exactly at their limit. Seriously, if someone big dumps now, it might just be the Judgment Day for the margin trading madness. Title: Re: See that flashing * on bitcoinica Post by: Cluster2k on January 26, 2012, 11:31:25 PM Seriously, if someone big dumps now, it might just be the Judgment Day for the margin trading madness. Let's hope it happens soon. The less leveraged gamblers in the system, the better. Title: Re: See that flashing * on bitcoinica Post by: Vandroiy on January 27, 2012, 12:15:03 AM Seriously, if someone big dumps now, it might just be the Judgment Day for the margin trading madness. Let's hope it happens soon. The less leveraged gamblers in the system, the better. I too would like to see less of the jumpy margin trading. But this one might hurt. The recovery from the last one was paid by re-enabling the leverage, this is unlikely to work again. Are people really aware just what kind of chaos this may cause? It should never have come to this. Look at it. Order book down below 32k to 5 USD, Bitcoinica still maxed on longs, many of which started close to 6! Guys, no offense, but what the hell are you doing? Some part of the guys must liquidate before a big holder notices, or else... well I have no idea what will happen, you try to figure out feedback between a panic, Zhoutongs funky algorithms and a random huge BTC player plotting whatever arbitrary idea he might have at the moment! Title: Re: See that flashing * on bitcoinica Post by: N12 on January 27, 2012, 12:17:30 AM Some part of the guys must liquidate before a big holder notices, or else... I hope this doesn’t happen, or else it these situations will occur again. We need to purge the Bitcoin market of leverage and huge ask piles for it to move forward.I’m sick of the influence Bitcoinica has on this market. Title: Re: See that flashing * on bitcoinica Post by: Bigpiggy01 on January 27, 2012, 12:35:59 AM Quote I’m sick of the influence Bitcoinica has on this market. +1 After Zhoutong stated publicly that he doesn't hedge all trades (bucket shopping big time) I decided to GTFO atm I just use it as a contrary indicator. Title: Re: See that flashing * on bitcoinica Post by: teflone on January 27, 2012, 12:45:01 AM Quote I’m sick of the influence Bitcoinica has on this market. +1 After Zhoutong stated publicly that he doesn't hedge all trades (bucket shopping big time) I decided to GTFO atm I just use it as a contrary indicator. +1 Yup, buckets and bolts.. Title: Re: See that flashing * on bitcoinica Post by: Dutch Merganser on January 28, 2012, 01:54:47 AM ppl who started long at 6 should buy more at this price to decrease their base price and on same time deposit more USD/BTC Yeah, do that. Title: Re: See that flashing * on bitcoinica Post by: Oldminer on January 28, 2012, 02:04:21 AM ppl who started long at 6 should buy more at this price to decrease their base price and on same time deposit more USD/BTC Yea thats it keep feeding the monster until it turns round and bites you in the ass ;D |