Bitcoin Forum

Bitcoin will be over the news all over the world due the silk road bust.
History will repeats itself.

We're going to see a new all time high for Bitcoin. On google trends. :P

Wouldn't that be a bearish thing though?

I'm too lazy to make a reply so I'll just say this;


 8)

Nothing will happen. Price will continue to degrade as usual.

$370 by end if this year

Wrong side the market eh?

and let the short squeezing begin!!! Who else is on board this rocket?!  8)

30 days change: +5.00%  high: 418 low: 317

It is looking pretty healthy at the moment
however long that lasts.

I heard something about silk road on the radio today but no mention of bitcoin or cryptocurrencies. On the biggest sports talk station today, the producer blurted out something about paying for some prank w/ bitcoin cuz nobody could trace it to him, which I thought was a little off the wall.

what is a squeeze ?

Say you were short on margin and your forced liquidation price was at $349.8 on BFX. You would be liquidated (short squeeze(ed) ) This also works in the other direction.

Whats a margin? (I don't get it srsly..)
plz use easy words

Short squeeze.

Being caught short.

A heavily short sold stock (or coin) moves sharply higher
forcing short sellers to cover their positions, in turn adding
to the upward pressure squeezing more and more short
sellers and so on.

lets get 400 back again

To short something on a margin is to use other people's money to sell bitcoin. So you borrow bitcoin from someone at the current price (lets say $350) and you sell THEIR coin. Now when price drops lets say to $340 you buy the coin back and give that person their coin back and now you made $10.

A lot of people short on a margin. Margin means they borrowed that coin/money. So if they short bitcoin and then the price goes UP they will quickly be in debt...so before they go in debt the exchange FORCES that person to buy back that coin (now at a higher price since market went up) and the person that started the short now LOST money.

When people have shorts on a margin, and then someone makes the bitcoin price go up, that is called a squeeze.

I tried to simply this as much as I could, so its not a perfect explanation.

Lending bitcoin has experienced explosive growth this year
as we know. And as we also know; borrowing bitcoin to dump
and buy back cheaper later has simultaneously been pretty
much a 100% sure thing.

There's no such thing as bad publicity.

sounds great , where can I borrow bitcoin?

It may be too late now.

But chances are actually excellent that people who have constantly
been whining about the sagging BTC price have at the same time
been busy lending BTC to shortsellers. Of course the borrowers didn´t
mention selling, it was probably all supposed to be for mining or
other such noble purposes.

Trade on BTC-e using Metatrader. It will trade using margin like all trading programs.

DNM busts means more coins in FBI possession and that is not good, for the price.

From a 100% bitcoin enthusiast, slowly I've fallen to bitcoin sceptic. There is one very good parallel I see. Why the fuck can't Linux still prevail over Windows and OSX, all these years? Several factors play role here and most important one is massive ignorance of people, then governments that do everything they can so people stay ignorant and putting every obstactle possible to stop or slow down free-minded projects like Bitcoin or Linux.

Fact is majority of people are still not spiritually prepared for big fundamental thing which is decentralization of everything. Technically, we're almost there, but ignorance is still killing it. Average Joe still needs beer, popcorns and Hollywood movies/TV/sports/Facebook, we're running low on geeks - they are already in.

Only thing that can help Bitcoin's price now is complete financial worlwide disaster, which would kick-off panic buys and everyone realising Bitcoin is better than gold or whatever asset they imagine. I don't even believe in "big" money anymore, cos' "big" money became big in the first place because of gigantic fiat economy fraud, therefore there is animosity of big money holders towards things that would set the world to be essentially free, I know they love profits but they would loose their elite status automatically by investing in crypto. From their point of view, that looks like dealing with enemies.

So, until financial meltdown happens, I think we will see decline in price. When it will happen? I don't know but they say world economy is coming to critical point in 2016, which coincides with blockchain reward halving....

This news was bullish for DRK, since his BTC were traced.

Agreed.  Bitcoin has a lot of obstacles to overcome.  I am skeptical whether Bitcoin will reach 2016 at the moment

they cant get the coins

Price went down 20% last time silk road is busted.

No financial meltdown in sight.

The deficit is way down as is unemployment. The stock market
is up, the dollar is at a five tear high. There hasn´t been a new
war scam to speak of for a decade. What´s not to like. Obammy
is a great prez after all. But now there´s a threat of Bush 3 or
Clinton 2 with other warmongering nutbags in tow.

Honey badger don't care.

Re: short squeezing...

 Is there anyway to tell that if current buys are in result of shorts closing their positions? Or is it all speculation?

I think that was because the US government was debating whether to make bitcoin illegal or not after the silk road v1 bust. Shortly after the bust they decided not to make it illegal and the price soared. Things are different this time, all the US government is deciding on is whether to allow the Winklevoss twins ETF.

I loled at this and was going to go into detail why.... but then I realized your too far gone to justify a response.... so keep drinking that kool-aid like a good little subject... but remember, you wont be spared as your just as expendable like those who are not the same line of thinking as you.

It's mainly speculation, but as the price rises, if the number of short swaps decreases, then it's a likely scenario that shorts are being closed

Shorts are best squeezed when a buyer pushes up the price in a short period of time.
The investors with the shorts will fail to get out and incur great losses.

I don't believe that a major short squeeze would happen now since the market isn't that volatile atm (for Bitcoin :))