In 2011, it only take a few millions US dollars to push market up into rally, now it take a large factor higher to make it happen again. Much much higher than before.
How large is this large factor? Are you talking something like a factor of 2, or something like a factor of 100? and what makes it large, in your estimation? How many time I need to tell you pee poles? You need a new use application. ie. currency control cicrumvnetion like China in 2013. But now bitcoin banned in China and many other countries. There is no new use case scenario for bitcoin and momentum is dying. Merchant adoption makes no impact and bitcoin sales very low. Nobody with a college degree will buy this anymore. Pee poles. Funny. Your English is better than you're lettin' on ... It is lambchop, obviously. Hard to keep up with his numerous alts. |
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You said you knew what you were talking about. I expected some revelations from you. Who said I don't see a problem with it?
About 45 000 to 50 000 euros lost on the track between 2009 and 2011. Sorry to hear that. Obviously borrowing to invest is crazy and not something I would recommend. |
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I have waited 2 fucking years for this bullrun
If I miss the party just cuz I deposited my funds right before bitstamp got closed down, I will be fucking pissed.
Definately will be taking some more loans if bitstamp don't open up soon
Seriously, This is not trolling , no bullbearwhale crap talk... You need help. If you're seriously thinking about getting MORE loans you're right now worse that a bet addict. And I know what I'm talking about. Go on.. A guy taking more loans .. so he is already in debt He needs money and he only has a loan as a solution , it means he has no money outside his bitcoins and bitstampmoney And yet he wants to take it and invest it (aka smartsuit gambling) And you don't see a problem with it You said you knew what you were talking about. I expected some revelations from you. Who said I don't see a problem with it? |
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I have waited 2 fucking years for this bullrun
If I miss the party just cuz I deposited my funds right before bitstamp got closed down, I will be fucking pissed.
Definately will be taking some more loans if bitstamp don't open up soon
Seriously, This is not trolling , no bullbearwhale crap talk... You need help. If you're seriously thinking about getting MORE loans you're right now worse that a bet addict. And I know what I'm talking about. Go on.. |
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Running through your posts , there isn't a single page without a message of you quoting notlambchop....
You have some weird fetish
I suggest an eye test  |
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It isn't a bubble until it grows 4-5%/day. 25,641.  So, I must be missing something that maybe you guys can explain. How do you expect this rising short position to explode upward (in the near term) when there is the equivalent of 65,200 coins in long positions waiting to cover? Isn't the best case scenario a small jump in price that immediately gets dumped on? If you look at the long USD swaps they are down roughly 12 million dollars from a few months ago. Looking at the short swaps, if they have been sold into the market then a short squeeze is very likely. This can cascade like previous price collapses, but upwards. If the extra few thousand coins are being hoovered up and held on margin to be sold into the market then a large sell could also happen. Historically, such a high ratio of shorts heralds a rise in the price. But who knows.. |
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Bitstamp to reopen "soonish". Hang in their guys! They're currently working with their lawyers in San Francisco to figure out how best to deflect the blame!
You really are posting with great vigour and frequency lambchop. |
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To the folks talking about high number of shorts open: A high number of BTC swaps is a necessary condition to a big short squeeze, not a sufficient one. It needs reasons for panic buys to actually squeeze the shorts. Will there be one?
Here is the thing. Simply the existence of a vulnerable short position is reason alone. And it is all time high 25,600 open, not just high You're not fooling anyone  We'll see shortly. With your >5000 posts in 9 months bashing bitcoin you can be fairly sure you have zero impact on the readership of this forum Lambchop, or is it FatherBob, or FreeBambi, or Warren Buffert! I keep losing track! |
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To the folks talking about high number of shorts open: A high number of BTC swaps is a necessary condition to a big short squeeze, not a sufficient one. It needs reasons for panic buys to actually squeeze the shorts. Will there be one?
Here is the thing. Simply the existence of a vulnerable short position is reason alone. And it is all time high 25,600 open, not just high |
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Your average Joe does not buy gold as a store of value to speculate on. Maybe as brand new jewelry from a shop, but he would only get a small fraction of what he paid if selling for scrap or secondhand. However, gold still holds value.
Gold is still a multi trillion dollar market despite us coming off the gold standard in 1971. |
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...
Could be. Btc swaps up to 25400 and climbing.
It doesn't mean what you think it means. It means that pretty much everyone other than yourself knows this thing is going down  I know you have no idea which way the market will turn. You had your funds on an exchange, right? Poor sap |
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So do you think bitstamp is coming back?? I have most money there
I don't think Stamp will go back in the promised 48 hours. And they will take some time before they do another announcement. My bet is we will see another trip into 250 soon Could be. Btc swaps up to 25400 and climbing. |
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Presumably you have read the content and the comments below. If so, why post? |
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In a single digit range Bitcoin
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store of value, a digital asset with sound money properties.
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LOL Bitcoin was the worst investment of 2014, 85% lost, it will soon be 99% lost along with this downtrend Your sums are wrong little troll. |
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<snip>
I am simply pointing out that short swaps are at an ATH even as the price stays relatively static. This is an extreme market condition. It doesn't mean the price goes up. It is very worthy of note as previously a massively high short position precedes a reversal. But this is Bitcoin where the bid side could be the guy shorting I think you are doing a bit more than that IMO. You are only telling half the story by not talking about the bid side that has disappeared. BFX looks like an accident waiting to happen in both directions right now. Its also worthy of note that at this point these guys are simply refusing to back down and are increasing their bets. I am honestly surprised that we have seen no covering whatsoever. It makes me think about what it might be that I do not know. The long USD swaps are ten million dollars below where they were a few months ago. The bid side orderbook is just that, illusory changing window dressing for us to interpret. Telling half the story would be me suggesting the price will move up, rather than suggesting a down move is also possible. Even shorts opened by miners are not held in perpetuity, if the price rises they would be closed and reopened higher. You only hedge against price falls. |
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Don't be ridiculous-- he never intended a handful of factory megamines to burn more electricity than aluminum smelters. That's not distribution--that's called a cabal There is some truth in that, and the reason is that the price of bitcoin rose way way too fast the last few years. In fact, bitcoin is somehow victim to its own success. At inflation rates of 10%, the market cap shouldn't have been in the billions. The fundamentals of bitcoin are at this moment still in the single or double digit range (that is, merchant adoption). The Mt Gox manipulations have pushed bitcoin's price artificially up way too much too early. What we are now witnessing is probably a return to normal. Unfortunately, that goes with a long price decline (from speculative heights which were totally artificial), and which give very bad publicity to bitcoin at a moment where it starts getting more visibility. My idea is that bitcoin adoption was planned to take decades (corresponding to the inflation scheme), and that, due to manipulation and overly speculative behavior, the price rose way way too fast up to a point where the market cap had nothing to do any more with its fundamentals. It will now take - IMO - a very very long time before it can rise significantly again, driven, this time, by its fundamentals. In a single digit range Bitcoin would have a market cap of less than 150 million dollars. Forgetting the fact that VC funding was nearly triple that in 2014 alone, according to coindesk Bitcoin is a payment option for businesses with a market cap of 180 billion dollars already. Those two numbers are not really compatible given bitcoin's 'float'. You seem to value bitcoin solely based upon its usage as a payment rail. Which ignores it's main role as a frictionless speculative store of value, a digital asset with sound money properties. Although it is rapidly produced as absolute fact there remains no evidence whatsoever that Mt Gox artificially pumped up the price in the last bubble. I agree the implosion has damaged public perception of Bitcoin to a degree. Finally the market cap of bitcoin has never really had anything to do with fundamentals except perhaps at the lower bound of a crash |
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Meanwhile btc swaps have passed the 25,000 mark on finex.
Can we trust that ?? Of can we trust that there are in nobody out there that knows more about the current situation than we do and is leveraging it to the hilt? So many unknowns, but you consistently point to the 'open shorts' in the hope of an epic short squeeze. You may very well be right, but be careful interpreting anything you hear or read right now. Many of these short may have so much conviction/knowledge that they are unsqeezable. I posted in the 'This can't end well thread' - it could very well be that (possibly nervous) miners are becoming more sophisticated as the market matures and the products available increases,and some are actually hedging future output with BFX shorts, as happens all the time in commodity markets. Again, these would be virtually unsqeezable. And it would not be an altogether unsurprising action in the current climate of uncertainty. And what about the 10k BTC of bids that have disappeared from the BFX bid side. Leveraged longs may be getting a bit twitchy too. I have no idea if this or anything I said is happening, just keeping an open mind to what is unfolding as it is possible for the landscape to change very quickly at this time. ATM it looks like things have turned decidedly bearish and has done since we hit the high last night. We will need to take that out on high volume for me to change my view. Interesting times ... I am simply pointing out that short swaps are at an ATH even as the price stays relatively static. This is an extreme market condition. It doesn't mean the price goes up. It is very worthy of note as previously a massively high short position precedes a reversal. But this is Bitcoin where the bid side could be the guy shorting |
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Huobi and OKcoin wish you good morning, ladies!  Fake volume. Fake exchanges What's better, a fake exchange or an insolvent exchange? You're asking what's better ?? A fake exchange means fake volume, fake FIAT, fake Bitcoin. It's a damn scam. Ok, since nobody here admits they get it, Is it more likely that the trading happening on OKcoin is fake or that Bitstamp is insolvent? The dumb thing is, we can't know and it could be both, and it could even turn out that Bitstamp is the fake and Okcoin the insolvent one. As you say they are all unregulated so who truly knows. We do know that bitstamp has ceased trading and there is no definitive evidence they are insolvent. Meanwhile btc swaps have passed the 25,000 mark on finex. |
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Huobi and OKcoin wish you good morning, ladies! Fake volume. Fake exchanges What's better, a fake exchange or an insolvent exchange? When did you stop beating your wife? I'm not the one who started using an assumption as a fact. are assuming that bitstamp is insolvent though. And any exchange where I can sell 10000 coins to myself and move the price at will, for zero cost, relying on arbitrage to on actual fee paying exchanges to move the price is fraudulent. Chinese exchanges should simply be ignored - as they will when any regulated exchange with a decent market depth comes online. Oh and their orderbooks are fake. |
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Huobi and OKcoin wish you good morning, ladies! Fake volume. Fake exchanges What's better, a fake exchange or an insolvent exchange? When did you stop beating your wife? |
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