$1070 this morning on BFX!

Less than $10 away from short sale liquidations pushing this thru the roof top.  

are we rich yet??  

The largest contract holder at OKCoin has decreased the position by >20,000 BTC in the last 24 hours. (35,828 vs 55,974 BTC). 

are we rich yet??   

Current Price BFX $1040.

For the past months, there's been a HUGE contract holder on OKC.

Longs were dreading he might be long, since he would have to sell at some point, however, today he finally gave a clue to his position.

Since price is rising and his position decreased slightly, he appears to be SHORT and taking a beating.

This contract ends in March 31.  When he closes his position, BTC going to explode whether it be from the depths of 700 due to ETF being rejected, or new all time highs.

Bitfinex doesn't have short contracts.  They can hold them as long as they don't get margin called.

Current Price BFX $1040.

Just noting, that in BFX's history there has never been more short sellers in dollar amount than longs.  

Also note, 90% are under water with the average being somewhere around $950'ish.

So, it seems they are betting on past history.  Every time Bitcoin enters $1000+ it crashes violently.  However, like the old saying goes:

"Past performance is not indicative of future results."

Another theory, is that Bitmex sentiment suggests a 30% chance of the Winklevoss ETF passing as we approach the final March 11 2017 deadline.  So after an expected ETF rejection by the SEC, lots betting that Bitcoin will crash a few hundred.

CSO of Bitfinex was on whalepool chat saying they would protect short sellers in case of cascading margin calls to the upside.

Whatever the case, this does not look to end well.  

are we rich yet?? 

are we rich yet?? 

Yea, save it.  It's the go to account for breaking news from China.

Former PBoC Governor "Bitcoin will continue to exist!!!!"  

https://twitter.com/i/web/status/831492861614919681

are we rich yet??  

mewn time slightly delayed, please stay seated. thanks for your patience.

isn't coins being trapped in China good?  less liquidity?  we'll be trading with less of a pool of Bitcoins.

anyhow...

is crypto done?? 

The Breadwallet seed can be put into Multibit HD.

On my Mac, I have Mulitbit HD with my breadwallet seed.  In the rare instances where Breadwallet locked up in the past (nothing recent), I just fired up my Macbook and did my transaction from Multibit HD.

Feature request for Breadwallet to have the option to delete the seed, similar to CoPay. 

Would defeat someone being forced to show the seed under duress.

is crypto done?? 

ive used electrum, mycelium and the ledger chrome app.

i like the ledger chrome app is the best, mycelium is awesome then lastly electrum i couldnt get windows electrum to recognize the ledger but electrum mac worked.

hory sheit

China PBoC researching "RMBCoin" with blockchain tech to "truly achieve the goal of money for the people" ("Bi" for "Renmin" as in "RenMinBi")
 
https://twitter.com/cnLedger/status/822617053752422404

Price was $901 prior to the dump.  

On Bitfinex it fell 6% to $848 before the rebound.