it's over guys  Im not so sure that even half the guys on tradingview even know how to read a damn chart. This guy included. |
|
|
|
"With a bitcoin exchange you have to build it like you are a real financial institution," said Tyler Winklevoss. I find the subconscious suggestion in this statement interesting. So all that "Wall St. is waiting for the BitLicense before moving in" was a big bunch of BS ... I didn't notice, if Coinbase exchange is being "regulated" (no Bitlicense), just who is regulating it? And why haven't they done it earlier? Who said Wall St. wasn't moving in? Did you think they were just going to come with a ton of fiat and pump it to the moon, only for the price to fall flat on its ass again after all the support is gone? They are smarter than that. They would rather accumulate in a narrow range by taking coins from losing traders. Even if they started off by shorting, and then creating squeezes both ways. What do you think has been going on all of 2014? Remember when all of a sudden we would have a week or so long pump on no news, then a bunch of shorts would open and then crash. This happened multiple times last year and its still happening. When you can move the market, you don't have to only move it up. You move it to your advantage which will bring your the most coins. |
|
|
|
|
I don't see how the bears didn't see this coming. The bids were pulled back, bears were suckered into selling low, and now the ask side is extremely thin making the rise that much easier. That and with whoever was dumb enough to short down here, only adds fuel to the fire.
I wonder what happened to that guy that borrowed all those coins to bring us down to gox levels? Is he having to pay it back at a huge loss?
|
|
|
|
|
If you haven't gotten back in yet, better do it before 300.
|
|
|
|
|
OP is a liar. Nobody sticks around for 4 years and then just gets out one random day. The protocol hasn't change so I doubt you are going anywhere.
|
|
|
|
I occasionally hear that marginal trading and leveraged is bad for Bitcoin, can someone explain ? I don't know about trading stuff, just a hodler.
not sure why it is bad in general, but its probaly one of the reasons for great votality. leverage + weak liquidity = high votality It works both ways as we will discover this year. What has gone down will come back up again! Uh why exactly? Because all those shorts will have to close at some point. |
|
|
|
|
Inb4 this bear circlejerk thread turns into a bull circlejerk thread.
PS. When the bears are a cheering I am a buyin!
|
|
|
|
|
There is no limit on how much you can send with bitcoin. The only limits you might come across is if you use an exchange as a way to purchase the coins originally. I do not believe you will have any trouble with $180 though.
|
|
|
|
Jesus, how are you guys running these websites if you don't know how Bitcoin works or how to do things like verify signatures??
Haha I was was about to say! Who would claim that they owned these coins on a public forum. |
|
|
|
|
I do trade, and I do use leverage. I must admit I have not had much schooling other than the few economics and business managements classes I had to take in college for my engineering degree. And I have only traded with bitcoin, and lost about 500btc in the beginning using leverage, but that was not a big percentage of my holdings, so no love lost with margin trading. After learning on my own, I am far in the green now, and I'm pretty sure I have more bitcoins than most, and probably more than you (just a wild guess because I do not know you, but then again you don't know me either). The amount of coins I own was all I was willing to bet on, not on the fact of whose strategy is better. You can go through my previous posts and I never once said that my strategy was better, thats your big head putting words in my mouth. In fact I said I would never short this amount of coins, and this probably wasn't going to happen. I was just saying that it is in fact possible, when you were saying it wasn't! You have just been running your mouth like a big shot, and not even reading what I'm saying lol.
Also, all you did was tell me how to trade with 10K bitcoins, which is nothing. This thread is talking about 300K btc, not 10K. There are what 5 or 6 exchanges that let you trade with leverage? Put all those together and they still won't have over 100 million USD to borrow, so I don't think spreading everything over exchanges will work like you say, everyone knows about slippage but there still isn't enough funds available for use. I'm also not sure where these exchanges will just suddenly come up with the extra money for you to go long with over 100 million like you say, unless they are like Gox. Just because I am making them a few percent, doesn't mean that all adds up to over 100 million for me to borrow eventually. This 100 million is only 1:1, I am giving you the smallest option available because I know they don't have 250 to 300 million for using something like 2.5:1 or 3:1.
Lets just say there was just enough funds on exchanges to pull this off, the order books are so thin, even on the ask side, that once I got to the point where I have bought, say 70% of my coins, each new coin bought would push the price up way to much due to slippage. By the time I got all my buying done I would have wiped out the ask side completely, even the shorts that got squeezed would not be enough for what I need to buy. You know what the next sell price would be after I am done buying? Something far lower than what I just spent on my last 30% of coins. Oh shit, I am out of fiat to keep the price propped up, so down comes the price, back to its "fair market value" which is what people where buying and selling at before I started accumulating. So I spent all my money using all my margin and bought every coin available, and my average price is in 1000s, the price would immediately fall back down, and now I am stuck with a bunch of coins that are worth a lot less than I paid for them. This would be the equivalent of funding the willy bot (with leverage) and watching the price crash like the last bubble (when my funds run out).
You have proven yourself wise, but you still haven't proven to me where I can go long with 300k btc which is the main point, so sorry bud, I'm not going anywhere.
|
|
|
|
And I still want you to permanently leave this forum after I break it down in slow English for you...
Please let me know which exchange has the liquidity to go long with 300K btc, even 2:1 leverage... I never said that shorting was more profitable than whatever your strategy is, I was just saying that your strategy is impossible with this amount of coins because no exchange has that much fiat to borrow to go long with. So I'm not sure what you want to bet on. Like I said, if there is an exchange that has 200 million usd (2:1 leverage) in fiat to borrow I will bow to defeat and leave this forum. But I know you won't tell me because you always find a way around the true discussion like you did in your market cap thread (millions flowing out of bitcoin) I'll be back after Christmas to see how you try to get out of this one too. |
|
|
|
I would rather have bought and lost, than to be on the outside looking in, at all the ones who made great profits.
You rather buy and lose than buy and win right?? LOL you really are an idiot  Thats not what I said. I said I would rather buy and lose, than NOT buy and watch the price go up without me. Thats what "outside looking in" means. Google it, educate yourself, idiot! Let me know when you need some more schooling kid Hahahahaha That was the dumbest thing I ever heard... you would rather buy and lose money than not buy and not lose money but watch the price go up? LOL!Who got hurt more the people buying at $1,100+ or the people who didn't own bitcoin but watched the chart??? You now have over 5 posts of you being a complete idiot... please just stop posting in this section Yes. I would rather buy 1 coin at $300, and risk losing $300, than to not buy at $300 and watch the price go to $1000, effectively losing $700 in gains that I could have had. This is what the OP is asking. You now have 1002 post of being a complete idiot. I think you are the one that should not be in this section. |
|
|
|
^ For the idiots who might say it can be used for a short position... Please understand shorts must be bought back at a later time & this will cause an insane pop & short squeeze!!
Sell (short) half of the coins now at 330 causing a crash, buy the other half of the coins from yourself at a much lower price with the money from selling the first half (closing your shorts) and enjoy insane profits. Duh! Although I highly doubt this will happen, but don't call people idiots if you yourself are one, because this can be in fact used to short without causing a short squeeze. How is that more profitable than using margin to buy long positions at market price, get BTC to an insanely high number in which most shorts are going to get squeezed and closed out meaning it goes wayyy high and than buyers who feel they missed out jump on board... or consider what you said, crash the price all the way down, everyone gets scarred shitless and sells, multiple exchanges close and everyone trys to close their accounts and withdraw at once... but hey you get to rebuy your worthless coins way down below? Now you have no upside because you literally destroyed the market you were hoping to catch upside in? "DUH!" Just the fact you said short HALF the coins tells me you don't trade and have no idea what margin is. Selling half short and buying half at a lower price is called a hedge... that would be considered a safe way to invest not make profits. Who is still in bitcoin to NOT profit? let's be serious... You have proven to leave this conversation as way more of an idiot than you were coming in! This isn't the stock market, this isn't google, you make no sense, you have no idea how to trade, think before you type, goodnight. Well given that this thread is about someone with a bunch of coins, how in the hell are they going to buy more coins WITH COINS and go margin long? This is someone with coins, the only way to profit with ONLY COINS would be to short! I didn't say this was a smart move, if you read, I said I doubt this would ever happen (due to liquidity). I just wanted to point out that you called people idiots in advance for thinking this could be used as a short, and you said some rubbish about why it couldn't , when it actually could. So calm down tard! Oh wait I remember you, you started all those threads not knowing what market cap was and that money was flowing out of bitcoin! The last sentence you wrote reminded me of you, the one who argues with no valid points, calls people idiots when they were in fact correct, and you were wrong all along, and your best comeback was to tell them to go educate themselves when in fact you have the mind of 13 6 year old. Wow you proved my point again... you are in fact an idiot... you have no idea how margin or trading in general works! You should be banned from this section before you make people lose money... You probably lost all yours already... Please stop typing before you look like more of an idiot! "so calm down tard" hahhahah Ok what was I wrong about? What point of yours did I prove right? There you go again with no valid points, straight to insults and dumb as shit like always! Its the same shit from you in every thread. And no I didn't lose mine already, I am willing to bet I have 10 times more coins than you. I made everything bold...How are you really that blind to what you are saying??? Let me just say you probably have no idea how many coins are in the system, you probably don't even have 100 coins and you are talking about betting LOL get lost man I have well over 100 coins sir. I have a few 100 coin casascius bars actually, just check my post history. There is 13.6XX millions coins in the system. Anything else? There would be no short squeeze if I put up a wall with my 2nd half of coins, and then closed my short into my wall. The price would only rise 1 cent, or less if nobody got in the way. Shorting half and then buying the other half is a hedge only if you don't know where the price is going, but I in fact know the price is going down because when I short, there is sure to be a crash. So lets just say (hypothetically, not using any valid order books for this example) I sold the first half (100k btc) and dropped the price to 200, I went short at 10:1 leverage. I shorted 100K coins, so now I am in a profit of 100K coins X 10 leverage X $100 drop. Total profit before closing out my short is 100 million. Now, I put up a wall of 100K btc at 200.01 and I close my 100K btc short without a squeeze. Profit 100 million. I have done this numerous times, but on a much smaller scale obviously, and I profited each time. So for you to say this wouldn't work, is 100% false. LOLOL! You don't even know what a short squeeze is! A short squeeze happens as the price rises lmfaoooo what are you talking about hahahah this scenario you have in your head that you have NEVER done but claim you have is just HILARIOUS! The fact you even calculate like this "100K coins X 10 leverage X $100 drop" instead of 1million coins X $100 proves that you have never traded using leverage. I understand what you're trying to say even though you're saying it all wrong... but you're trying to prove shorting is more profitable than the way I mentioned but it isn't! You even keep mentioning about half the coins this way half the coins that way! You can use all of the coins one way until you want to change directions completely! Using leverage with my strategy literally has thousands of percent more profit than yours & yours might literally just wipe people away form BTC completely! Please for the last time, stop making yourself look so dumb!!! WHAT YOU SAID MAKES NO SENSE DUDE, WHO CARES IF I WANT TO GO A x B x C = X, I MADE IT SIMPLE FOR SIMPLE MINDED PEOPLE LIKE YOU... YOU ARE THE ONLY ONE MAKING YOURSELF LOOK STUPID. YOU HAVE YET TO SHOW US YOUR STRATEGY, THAT WILL MAKE YOU SO MUCH MONEY. I JUST POSTED MINE, AND IF YOU CANT DO FUCKING SIMPLE MATH I DONT KNOW WHAT TO TELL YOU KID. SHOW ME YOUR STRATEGY, AND ON WHICH EXCHANGE THAT HAS ENOUGH LIQUIDITY TO DO IT, AND HOW IT IS BETTER AND I WILL LEAVE THIS FORUM FOR GOOD! |
|
|
|
^ For the idiots who might say it can be used for a short position... Please understand shorts must be bought back at a later time & this will cause an insane pop & short squeeze!!
Sell (short) half of the coins now at 330 causing a crash, buy the other half of the coins from yourself at a much lower price with the money from selling the first half (closing your shorts) and enjoy insane profits. Duh! Although I highly doubt this will happen, but don't call people idiots if you yourself are one, because this can be in fact used to short without causing a short squeeze. How is that more profitable than using margin to buy long positions at market price, get BTC to an insanely high number in which most shorts are going to get squeezed and closed out meaning it goes wayyy high and than buyers who feel they missed out jump on board... or consider what you said, crash the price all the way down, everyone gets scarred shitless and sells, multiple exchanges close and everyone trys to close their accounts and withdraw at once... but hey you get to rebuy your worthless coins way down below? Now you have no upside because you literally destroyed the market you were hoping to catch upside in? "DUH!" Just the fact you said short HALF the coins tells me you don't trade and have no idea what margin is. Selling half short and buying half at a lower price is called a hedge... that would be considered a safe way to invest not make profits. Who is still in bitcoin to NOT profit? let's be serious... You have proven to leave this conversation as way more of an idiot than you were coming in! This isn't the stock market, this isn't google, you make no sense, you have no idea how to trade, think before you type, goodnight. Well given that this thread is about someone with a bunch of coins, how in the hell are they going to buy more coins WITH COINS and go margin long? This is someone with coins, the only way to profit with ONLY COINS would be to short! I didn't say this was a smart move, if you read, I said I doubt this would ever happen (due to liquidity). I just wanted to point out that you called people idiots in advance for thinking this could be used as a short, and you said some rubbish about why it couldn't , when it actually could. So calm down tard! Oh wait I remember you, you started all those threads not knowing what market cap was and that money was flowing out of bitcoin! The last sentence you wrote reminded me of you, the one who argues with no valid points, calls people idiots when they were in fact correct, and you were wrong all along, and your best comeback was to tell them to go educate themselves when in fact you have the mind of 13 6 year old. Wow you proved my point again... you are in fact an idiot... you have no idea how margin or trading in general works! You should be banned from this section before you make people lose money... You probably lost all yours already... Please stop typing before you look like more of an idiot! "so calm down tard" hahhahah Ok what was I wrong about? What point of yours did I prove right? There you go again with no valid points, straight to insults and dumb as shit like always! Its the same shit from you in every thread. And no I didn't lose mine already, I am willing to bet I have 10 times more coins than you. I made everything bold...How are you really that blind to what you are saying??? Let me just say you probably have no idea how many coins are in the system, you probably don't even have 100 coins and you are talking about betting LOL get lost man I have well over 100 coins sir. I have a few 100 coin casascius bars actually, just check my post history. There is 13.6XX millions coins in the system. Anything else? There would be no short squeeze if I put up a wall with my 2nd half of coins, and then closed my short into my wall. The price would only rise 1 cent, or less if nobody got in the way. Shorting half and then buying the other half is a hedge only if you don't know where the price is going, but I in fact know the price is going down because when I short, there is sure to be a crash. So lets just say (hypothetically, not using any valid order books for this example) I sold the first half (10k btc at 10:1 is 100Kbtc) and dropped the price to 200, I went short at 10:1 leverage. I shorted 100K coins (10K of mine at 10:1 leverage), so now I am in a profit of 10K coins X 10 leverage X $100 drop. Total profit before closing out my short is 10 million. Now, I put up a wall of 100K btc at 200.01 and I close my 100K btc short without a squeeze. Profit 10 million. And thats just shorting 10K btc. Imagine (if possible) I shorted 100K btc at 10:1 leverage. I have done this numerous times, but on a much smaller scale obviously, and I profited each time. So for you to say this wouldn't work, is 100% false. (I understand that 10:1 leverage with 100K btc would in fact be shorting 1 millions coins, so I said I would only short 10K btc at 10:1, effectively selling 100K, which I would buy back upon closing the short) |
|
|
|
|
Just for clarification:
There is no exchange with enough liquidity (money to borrow) to go margin long with, against the amount of coins in question by OP. Period.
No exchange has 90 million USD ready to be lent out to go margin long with. Could I short half of those coins on the Chinese exchanges and then close out that short at a lower price by buying my own coins (the other half of the stash). Yep. Would there be profit? Tons, but it wouldn't be good for bitcoin. That doesn't mean that someone out there that doesn't give a shit about bitcoin wouldn't do it though.
Would I do it? Hell to the No, but that doesn't mean it is not possible!
|
|
|
|
^ For the idiots who might say it can be used for a short position... Please understand shorts must be bought back at a later time & this will cause an insane pop & short squeeze!!
Sell (short) half of the coins now at 330 causing a crash, buy the other half of the coins from yourself at a much lower price with the money from selling the first half (closing your shorts) and enjoy insane profits. Duh! Although I highly doubt this will happen, but don't call people idiots if you yourself are one, because this can be in fact used to short without causing a short squeeze. How is that more profitable than using margin to buy long positions at market price, get BTC to an insanely high number in which most shorts are going to get squeezed and closed out meaning it goes wayyy high and than buyers who feel they missed out jump on board... or consider what you said, crash the price all the way down, everyone gets scarred shitless and sells, multiple exchanges close and everyone trys to close their accounts and withdraw at once... but hey you get to rebuy your worthless coins way down below? Now you have no upside because you literally destroyed the market you were hoping to catch upside in? "DUH!" Just the fact you said short HALF the coins tells me you don't trade and have no idea what margin is. Selling half short and buying half at a lower price is called a hedge... that would be considered a safe way to invest not make profits. Who is still in bitcoin to NOT profit? let's be serious... You have proven to leave this conversation as way more of an idiot than you were coming in! This isn't the stock market, this isn't google, you make no sense, you have no idea how to trade, think before you type, goodnight. Well given that this thread is about someone with a bunch of coins, how in the hell are they going to buy more coins WITH COINS and go margin long? This is someone with coins, the only way to profit with ONLY COINS would be to short! I didn't say this was a smart move, if you read, I said I doubt this would ever happen (due to liquidity). I just wanted to point out that you called people idiots in advance for thinking this could be used as a short, and you said some rubbish about why it couldn't , when it actually could. So calm down tard! Oh wait I remember you, you started all those threads not knowing what market cap was and that money was flowing out of bitcoin! The last sentence you wrote reminded me of you, the one who argues with no valid points, calls people idiots when they were in fact correct, and you were wrong all along, and your best comeback was to tell them to go educate themselves when in fact you have the mind of 13 6 year old. Wow you proved my point again... you are in fact an idiot... you have no idea how margin or trading in general works! You should be banned from this section before you make people lose money... You probably lost all yours already... Please stop typing before you look like more of an idiot! "so calm down tard" hahhahah Ok what was I wrong about? What point of yours did I prove right? There you go again with no valid points, straight to insults and dumb as shit like always! Its the same shit from you in every thread. And no I didn't lose mine already, I am willing to bet I have 10 times more coins than you. |
|
|
|
On BFX you can leverage long with BTC as your collateral. Then your tradable balance grows with price, and you profit from both the collateral and the long position (which also must be sold at some point)
True, I used BFX before I moved to BTC.sx with 10:1 leverage, but there isn't near enough money on BFX to make a splash like shorting on Chinese exchanges. |
|
|
|
I would rather have bought and lost, than to be on the outside looking in, at all the ones who made great profits.
You rather buy and lose than buy and win right?? LOL you really are an idiot Thats not what I said. I said I would rather buy and lose, than NOT buy and watch the price go up without me. Thats what "outside looking in" means. Google it, educate yourself, idiot! Let me know when you need some more schooling kid Hahahahaha |
|
|
|
|
Show Posts
