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Title: Soon... Post by: wcoenen on February 02, 2012, 10:58:59 PM -
Title: Re: Soon... Post by: proudhon on February 02, 2012, 11:37:10 PM You sold everything right? I sold it all and I'm short in a big way. Can't wait for the giant long squeeze.
Title: Re: Soon... Post by: adamstgBit on February 03, 2012, 12:16:40 AM You sold everything right? I sold it all and I'm short in a big way. Can't wait for the giant long squeeze. ::) the market i trade at, is at selling coins at 5.89700CAD..... I'm hoping mtgox will hold 6$ for long enough for the Canadain Virtual Exchange to catch up... but i dont see a giant long squeeze happening, if i manage to sell at 6$ I'll be buying back at the first sign of trouble. Title: Re: Soon... Post by: teflone on February 03, 2012, 12:19:53 AM You sold everything right? I sold it all and I'm short in a big way. Can't wait for the giant long squeeze. ::) the market i trade at, is at selling coins at 5.89700CAD..... I'm hoping mtgox will hold 6$ for long enough for the Canadain Virtual Exchange to catch up... but i dont see a giant long squeeze happening, if i manage to sell at 6$ I'll be buying back at the first sign of trouble. Virtex is hilarious eh ? Title: Re: Soon... Post by: adamstgBit on February 03, 2012, 12:24:59 AM You sold everything right? I sold it all and I'm short in a big way. Can't wait for the giant long squeeze. ::) the market i trade at, is at selling coins at 5.89700CAD..... I'm hoping mtgox will hold 6$ for long enough for the Canadain Virtual Exchange to catch up... but i dont see a giant long squeeze happening, if i manage to sell at 6$ I'll be buying back at the first sign of trouble. Virtex is hilarious eh ? ya I've been looking into getting setup with a Mtgox account and doing some buying / selling across the two exchanges... sometimes we are 30 cents under or 30 cents over Title: Re: Soon... Post by: teflone on February 03, 2012, 12:26:32 AM You sold everything right? I sold it all and I'm short in a big way. Can't wait for the giant long squeeze. ::) the market i trade at, is at selling coins at 5.89700CAD..... I'm hoping mtgox will hold 6$ for long enough for the Canadain Virtual Exchange to catch up... but i dont see a giant long squeeze happening, if i manage to sell at 6$ I'll be buying back at the first sign of trouble. Virtex is hilarious eh ? ya I've been looking into getting setup with a Mtgox account and doing some buying / selling across the two exchanges... sometimes we are 30 cents under or 30 cents over Shhhhhh... ;) Actaully, the problem with virtex is getting money into it quickly.. takes 3 days on average.. Title: Re: Soon... Post by: Sitarow on February 03, 2012, 01:45:30 AM You sold everything right? I sold it all and I'm short in a big way. Can't wait for the giant long squeeze. ::) the market i trade at, is at selling coins at 5.89700CAD..... I'm hoping mtgox will hold 6$ for long enough for the Canadain Virtual Exchange to catch up... but i dont see a giant long squeeze happening, if i manage to sell at 6$ I'll be buying back at the first sign of trouble. Virtex is hilarious eh ? ya I've been looking into getting setup with a Mtgox account and doing some buying / selling across the two exchanges... sometimes we are 30 cents under or 30 cents over Shhhhhh... ;) Actaully, the problem with virtex is getting money into it quickly.. takes 3 days on average.. well I appreciate those selling into my buy positions. Title: Re: Soon... Post by: Seal on February 04, 2012, 11:40:54 PM You sold everything right? I sold it all and I'm short in a big way. Can't wait for the giant long squeeze. ::) the market i trade at, is at selling coins at 5.89700CAD..... I'm hoping mtgox will hold 6$ for long enough for the Canadain Virtual Exchange to catch up... but i dont see a giant long squeeze happening, if i manage to sell at 6$ I'll be buying back at the first sign of trouble. Virtex is hilarious eh ? ya I've been looking into getting setup with a Mtgox account and doing some buying / selling across the two exchanges... sometimes we are 30 cents under or 30 cents over Time to arbitrage the hell outta that margin!! Title: Re: Soon... Post by: Blind on February 05, 2012, 12:37:20 AM You sold everything right? I sold it all and I'm short in a big way. Can't wait for the giant long squeeze. ::) the market i trade at, is at selling coins at 5.89700CAD..... I'm hoping mtgox will hold 6$ for long enough for the Canadain Virtual Exchange to catch up... but i dont see a giant long squeeze happening, if i manage to sell at 6$ I'll be buying back at the first sign of trouble. Virtex is hilarious eh ? ya I've been looking into getting setup with a Mtgox account and doing some buying / selling across the two exchanges... sometimes we are 30 cents under or 30 cents over Time to arbitrage the hell outta that margin!! It's not that great if you factor everything in. Potential profit varies between 1%-2.5%, but usually is about 1.5%. Right now there is arbitrage opportunity and chance to make ~$150 (1.74%), but you would have to sell ~1,440 BTC worth ~$8,600. In the meantime market could move against you, and you'd have no chance of buying back since other exchanges are way smaller than Gox. Fees are too high to transfer fiat. Title: Re: Soon... Post by: teflone on February 05, 2012, 12:51:05 AM You sold everything right? I sold it all and I'm short in a big way. Can't wait for the giant long squeeze. ::) the market i trade at, is at selling coins at 5.89700CAD..... I'm hoping mtgox will hold 6$ for long enough for the Canadain Virtual Exchange to catch up... but i dont see a giant long squeeze happening, if i manage to sell at 6$ I'll be buying back at the first sign of trouble. Virtex is hilarious eh ? If you say so.. ;) ya I've been looking into getting setup with a Mtgox account and doing some buying / selling across the two exchanges... sometimes we are 30 cents under or 30 cents over Time to arbitrage the hell outta that margin!! It's not that great if you factor everything in. Potential profit varies between 1%-2.5%, but usually is about 1.5%. Right now there is arbitrage opportunity and chance to make ~$150 (1.74%), but you would have to sell ~1,440 BTC worth ~$8,600. In the meantime market could move against you, and you'd have no chance of buying back since other exchanges are way smaller than Gox. Fees are too high to transfer fiat. Title: Re: Soon... Post by: da2ce7 on February 05, 2012, 03:36:24 AM I'm all setup to catch this falling knife, picking up some cheap bitcoin :)
Title: Re: Soon... Post by: notme on February 06, 2012, 12:21:46 AM Op never said it would be a long squeeze...
Title: Re: Soon... Post by: kjlimo on February 09, 2012, 03:47:33 AM Could someone elaborate on what a "long squeeze" is? Is that a long period of decreasing price? Or is it a quick drop and hover at a low price?
Title: Re: Soon... Post by: notme on February 09, 2012, 03:54:01 AM Could someone elaborate on what a "long squeeze" is? Is that a long period of decreasing price? Or is it a quick drop and hover at a low price? A drop that force-liquidates leveraged longs. Title: Re: Soon... Post by: kjlimo on February 09, 2012, 04:00:56 AM Could someone elaborate on what a "long squeeze" is? Is that a long period of decreasing price? Or is it a quick drop and hover at a low price? A drop that force-liquidates leveraged longs. Gotcha, that sounds familiar now. Thanks! Title: Re: Soon... Post by: adamstgBit on February 09, 2012, 04:04:33 AM Could someone elaborate on what a "long squeeze" is? Is that a long period of decreasing price? Or is it a quick drop and hover at a low price? A drop that force-liquidates leveraged longs. if their is a lot of people on bitcoinia that hold week long positions, and the market drops enough to liquidate a few of them, this causes the market to drop a little more which might be enoght liquidate even more longs, again this makes the market drop, this snowball effect is known as a "long squeeze". this happened on the 18th last month: http://bitcoincharts.com/charts/chart.png?width=939.6666660000001&m=mtgoxUSD&SubmitButton=Draw&r=5&i=30-min&c=1&s=2012-01-16&e=2012-01-21&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=0&cv=0&ps=0&l=1&p=0& it was a very good day for bitcoin |
