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Title: Bitcoinica once again with "no selling" Post by: Bigpiggy01 on January 06, 2012, 05:04:23 PM Once again Bitcoinica is running low on USD.
And according to Zhoutongs previous advice that means it's time for a squeeze ;D Title: Re: Bitcoinica once again with "no selling" Post by: cypherdoc on January 06, 2012, 05:08:39 PM as in Short Squeeze
Title: Re: Bitcoinica once again with "no selling" Post by: Serge on January 06, 2012, 05:09:02 PM there's tons of money on the bid side, dump more coins, we'll cover you
Title: Re: Bitcoinica once again with "no selling" Post by: zby on January 06, 2012, 05:10:37 PM Once again Bitcoinica is running low on USD. And according to Zhoutongs previous advice that means it's time for a squeeze ;D But if it is 'no selling' - the it would mean the opposite - that they are short on BTC not USD. Title: Re: Bitcoinica once again with "no selling" Post by: cypherdoc on January 06, 2012, 05:12:59 PM Once again Bitcoinica is running low on USD. And according to Zhoutongs previous advice that means it's time for a squeeze ;D But if it is 'no selling' - the it would mean the opposite - that they are short on BTC not USD. but the OP didn't say "no selling", he said low USD's which means everyone's long; again. Title: Re: Bitcoinica once again with "no selling" Post by: randomguy7 on January 06, 2012, 05:14:22 PM Once again Bitcoinica is running low on USD. And according to Zhoutongs previous advice that means it's time for a squeeze ;D But if it is 'no selling' - the it would mean the opposite - that they are short on BTC not USD. but the OP didn't say "no selling", he said low USD's which means everyone's long; again. But the thread topic says "no selling". Title: Re: Bitcoinica once again with "no selling" Post by: cypherdoc on January 06, 2012, 05:15:13 PM Once again Bitcoinica is running low on USD. And according to Zhoutongs previous advice that means it's time for a squeeze ;D But if it is 'no selling' - the it would mean the opposite - that they are short on BTC not USD. but the OP didn't say "no selling", he said low USD's which means everyone's long; again. But the thread topic says "no selling". True: crap, don't ask me. Title: Re: Bitcoinica once again with "no selling" Post by: Bigpiggy01 on January 06, 2012, 05:18:45 PM Let me clarify ;D
No or little selling of BTC meaning USD low as in a ton of peeps or a few big guys are short. So time for a short squeeze ;) Title: Re: Bitcoinica once again with "no selling" Post by: rebuilder on January 06, 2012, 05:33:24 PM Not sure I'd call it "no selling" either. The dreaded "no reserve" has been showing for buy orders from time to time today, and the * indicating buys won't go through has been appearing on the buy button on bitcoinica. Basically, when there is no USD reserve, you can't buy BTC to get out of a short position, but are stuck in it.
Title: Re: Bitcoinica once again with "no selling" Post by: notme on January 06, 2012, 06:01:42 PM Let me clarify ;D No or little selling of BTC meaning USD low as in a ton of peeps or a few big guys are short. So time for a short squeeze ;) Now I'm more confused.... Lots of people being short would mean low BTC.... which is it? I don't see either flag at the moment. Title: Re: Bitcoinica once again with "no selling" Post by: Soros Shorts on January 07, 2012, 05:20:43 PM Basically, when there is no USD reserve, you can't buy BTC to get out of a short position, but are stuck in it. What happens if you just buy BTC outside on another exchange and transfer in?Title: Re: Bitcoinica once again with "no selling" Post by: ArsenShnurkov on January 07, 2012, 05:25:27 PM What happens if you just buy BTC outside on another exchange and transfer in? Your currency account will have more bitcoins, and your margin ballance will increase. Title: Re: Bitcoinica once again with "no selling" Post by: StewartJ on January 07, 2012, 05:48:03 PM Not sure I'd call it "no selling" either. The dreaded "no reserve" has been showing for buy orders from time to time today, and the * indicating buys won't go through has been appearing on the buy button on bitcoinica. Basically, when there is no USD reserve, you can't buy BTC to get out of a short position, but are stuck in it. I hate getting stuck in my shorts... Title: Re: Bitcoinica once again with "no selling" Post by: cypherdoc on January 07, 2012, 08:33:43 PM Let me clarify ;D No or little selling of BTC meaning USD low as in a ton of peeps or a few big guys are short. So time for a short squeeze ;) Now I'm more confused.... Lots of people being short would mean low BTC.... which is it? I don't see either flag at the moment. well, if you're original explanations to me were correct, the OP has it wrong. if the * is showing up on the buy side and one can't buy BTC's, then the USD reserves have been depleted b/c everyone is long and no one is "selling BTC's". the shorts in this situation have been minimized, liquidated, or enduring immense pain. Zhou has guaranteed liquidity to the shorts in this situation so they can cover their positions even in the event of a red flag event. this was only recently supposedly implemented. note to shorts: let us know if this isn't the case. the opposite is true as in your equal opportunity screw job question: when everyone is selling BTC's and the shorts have piled up, the BTC reserve gets depleted and the USD reserves swell. when the BTC reserves are depleted, one cannot sell or short anymore thus generating a red flag event * on the ask side. the longs in this situation will also be guaranteed liquidity to get out of their positions in this situation unlike before all the complaints. note to longs: let us know if this is not the case. Title: Re: Bitcoinica once again with "no selling" Post by: Bigpiggy01 on January 08, 2012, 01:40:52 PM Quote well, if you're original explanations to me were correct, the OP has it wrong. if the * is showing up on the buy side and one can't buy BTC's, then the USD reserves have been depleted b/c everyone is long and no one is "selling BTC's". the shorts in this situation have been minimized, liquidated, or enduring immense pain. OP had a brain-fart at the time and was over simplifying things, as in you can't sell = they haven't got dollars 4u. |