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Where did that ~$1.5MM in BFX longs go!?!? Did i miss something?
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...
bfx longs aren't exactly at an all time high. In Jul 2014 they were all the way at $32M, and this was back when bfx did ONE TENTH of the volume that it does now. Just this is suspicious to me.
Yeah odd don't see much volume happening at that time too. Maybe something funny inside finex |
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Ok, all BFX longs wrecked, now we proceed to $10,000.
all $25 million in longs? Not even close. not yet. What's more, there were only 7K BTC shorts to cover. We're flying blind until bfxdata.com is back up, but there's no way all those longs got rekt or we'd be in the $200s. Hate to disappoint everyone but longs are still at $26MM hard little critters to squash https://www.bitfinex.com/pages/statsThat's not disappointing at all! More longs to get squeezed. Forced liquidation in the middle of a crash causes a margin call cascade and i get cheap coinz. 20K more to dump is all it would take. We went from $475 to $402 and barely any longs were squeezed!!  Shorts are so tight they burn when we move up $10 feel something else is at play here. I am surprised someone didn't dump the remaining $2 to put us under $400 would maybe see some cascades then  |
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Ok, all BFX longs wrecked, now we proceed to $10,000.
all $25 million in longs? Not even close. not yet. What's more, there were only 7K BTC shorts to cover. We're flying blind until bfxdata.com is back up, but there's no way all those longs got rekt or we'd be in the $200s. Hate to disappoint everyone but longs are still at $26MM hard little critters to squash https://www.bitfinex.com/pages/stats |
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BTC you psycho good to see you back. Someone wake up Adam
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2 million $ worth of longs added on bitfinex in the last 12 hrs, total near $26.5 mil . Shorts below 8k btc.
If that isn't a recipe for a crash, I don't know what is. When the price starts dropping, there will be margin calls. I will admit, I shouldn't have sold at 450. I should have waited for 465-470. That doesn't change the fact that this leverage fueled rally is not sustainable, and will end with a massive move downward. Get out now, or lose all your gains. What exchange are your bids on? finex Why do you ask? Oh ffs. That's just rude. Did you do that? Give an old soldier a fucking break already! Fuck you guys. I'm gonna smoke a joint, drink some whiskey, and decide on my next move. I really don't want to eat this loss. Yes yes best way to trade. Or will it collapse right after you cover?!? Am i in your head yet?  |
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That BTC6k green 1min candle on Hooboy !! waiting for a BTC22MM candle one day |
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Ahh just like good old times  |
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Whoa that's messed up on many levels. Hope he didn't really put it all in a trust controlled by a lawyer friend, who might be obligated to give up trust assets to the state? Or plot thickens of the elaborated hoax |
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The fact that someone's throwing walls @ 420 shows how mature BTC is yeah we got a lot of growing to do |
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How does that work?
It doesn't work. The problem with retarded dumpsters and dollar cultists is that they can't buy same amount of bitcoins they've dumped without triggering panic buy and a new top! They simply can't print bitcoins in the way they print fiat. So what you're telling me is shorters are actually Good For Bitcoin? Leverage should provide more stability...until it doesn't then we get fireworks and leverage acts as fuel for a bomb or afterburners for the moon rocket depending on your perspective. And everyone likes rockets. So yes i enjoy watching shorts burn, wish there'd be more of them lately  |
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Why cant it break the $400 finally?
do you have any doubt that it will? Problem is when everyone thinks that it'll go up they start going full retard on leveraged longs as evidenced on finex. When longs go full retard you gonna have a bad time How does that work? Does a whale wait until there are 90% leveraged longs and 10% leveraged shorts, then put a giant short on, then dump so hard it calls all the leveraged longs? Is that why there was a massive spike down by $20 on bitfinex last night? Short answer is nobody knows and those spikes could be caused by many things. In the last two days people borrowed ~ $2MM on finex and bought BTC with it. So roughly BTC5k were bought on borrowed funds which needs to be repaid back. So what seems like a natural growth and a rise in demand (to a degree) is just someone speculating. Speculators have to pay interest on borrowed funds, and the more they borrow the higher the interest gets. Market knows this and when leverage gets out of control the domino effect causes a (usually a violent) correction. As far as what are those break points or even how much effect that leverage has on say Chinese volumes is the name of the game |
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Why cant it break the $400 finally?
do you have any doubt that it will? Problem is when everyone thinks that it'll go up they start going full retard on leveraged longs as evidenced on finex. When longs go full retard you gonna have a bad time |
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bitcoin really looks bullish to me.
will be much higher (600 dollar plus) before the halfing in my opinion.
Yeah looks like they shook out all the coins they could at $400 even bearstamp is catching up |
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Woke up and see the price still near 400, that's insane.  I know wtf was expecting $450 by now |
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China's buying up all the coins again  And Finex longs are going full retard |
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Well, cmon finx 401 you can do it...
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Remember boys sell at a gain, don't get caught with your pants down cause this will bust.
 Lol yeah my thoughts are exactly |
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Hmm weekend should be interesting
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