I'll take a vouch copy. Can't see anyone trusting you with any real money but your broken English routine is hilarious  |
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Not looking good...  The ways of Bitcoin ...esp price ...are 'mysterious to me' FML  Yeah longs have gone full retard on finex @ $23,5MM and they brought up the price to like 0.15%/day so longs are paying $35.250 daily just to leverage. And they didn't close or get squeezed as we were going down to $250 but instead were adding to their position. Then shorts jumped up.  i'm at a loss as to wtf is going on but feel like the pressure cooker is only getting hotter and something got to give sooner or later judging strictly by longs most likely down. But in the mean time seems like Finex is the only one making serious money now, leveraged longs buying from leveraged shorts  |
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Well that turned quickly. There's enough coins in that wall to bring us back to 290s |
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People told tarmi that he better should close his shorts near 280$ when he shorted @ 295$ coz short squeeze incomin..... They still call him a troll....  You are a troll. Tarmi just posts his winning trades and talks his book. He gets angry when the price rises and never mentions his losing trades..but we know the truth No way!?! You mean like every other troll?  he's not on my ignore list just yet, but i hovered over it few times |
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... Not familiar with okcoin was going by finex. Believe they require 30% to open and 15% to margin call minimum. Honestly I am a perplexed why more didn't close. On one side it's good as they have fatter margins hoping for more mature traders who know what they're doing but on the other side there's still potential of them getting squeezed causing a domino effect He clearly says he had 5btc margin called on futures. All it means is there is going to be a huge amount of resistance going back up as these people who have been looking at their negative p/l for days or weeks sell off. The whole rally was built on margin and now we're 50 bucks down with the same amount of margin longs. Put it this way, I'd put a higher weighting on visiting $220's before we see $290's again. Think it's obvious that leveraged longs will need to be closed thus adding to supply/sell pressure. Just saying that something felt odd when we drop 15% and most longs don't close or in some cases i saw longs going up as price dropped |
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Well, I only lost 15 bitcoin today...  that not good. Did you sell to realize those losses? I had a 5 btc long that got margin called on futures, and lost 10 from taking losses on a long I had open since 286. Feeling sick, worst loss in my 3 years of trading bitcoin Sorry about your losses, 2 words though, risk management. Never let yourself get margin called. Luckily it appears there weren't that many people like you going leveraged longs with really tight margins who get called once position moves 15% against you. Hopefully you learned your lessons. Now can we get same people piling up on shorts, love seeing those getting squeezed. Everyone on okcoin futures will be margin called if the market moves 15% against you. Even at 10x. Don't you lot understand how bad it is that there are as many longs now as there were when this drop started. Not familiar with okcoin was going by finex. Believe they require 30% to open and 15% to margin call minimum. Honestly I am a perplexed why more didn't close. On one side it's good as they have fatter margins hoping for more mature traders who know what they're doing but on the other side there's still potential of them getting squeezed causing a domino effect |
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Well, I only lost 15 bitcoin today... that not good. Did you sell to realize those losses? I had a 5 btc long that got margin called on futures, and lost 10 from taking losses on a long I had open since 286. Feeling sick, worst loss in my 3 years of trading bitcoin Sorry about your losses, 2 words though, risk management. Never let yourself get margin called. Luckily it appears there weren't that many people like you going leveraged longs with really tight margins who get called once position moves 15% against you. Hopefully you learned your lessons. Now can we get same people piling up on shorts, love seeing those getting squeezed. |
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If it was an attempt at squeezing longs think it's safe to say that so far it's a failure (to my surprise as well was expecting more closed longs)
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Huh all while leveraged longs keep creeping up. This cant be good
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Why exactly is Bitcoin rallying? Nothing has changed.
Exactly. Nothing *has* changed. In my opinion, all Bitcoin has to do to succeed is not fail. By what metric? And what do you mean when you say Bitcoin, the Software, the Community or the use as a Payment Infrastructure? Because I think it ultimately failed on the latter two accounts with The Goxxing. (or if you believe GOX the former one....) It is still here, still being traded at a decent price and still has growing infrastructure and investment. Gox was an incident but was far from Bitcoin failing. Indeed the recent news about additional venture capital around 120 million from 21jobs shows that the system is still growing strong Gox did hurt but it definitely did not kill bitcoin We have a long way to go yet and it's constantly moving. Actually i think gox was literally the case of what doesn't kill you makes you stronger. Gox was pretty much THE BTC exchange, and sort of had a monopoly and could (did) even set the price. It was ironic to have one centralized exchange thus one point of failure. And it did fail, BTC price took a hit, but now we're up to what like 5 "major" exchanges, and now no one exchange failure can (stamp ) can have such catastrophic effect...growing pains |
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Why exactly is Bitcoin rallying? Nothing has changed.
Exactly. Nothing *has* changed. In my opinion, all Bitcoin has to do to succeed is not fail. Yep. Everyday it doesn't fail it proves that monetary system can exist backed solely by algorithm and of those with faith in that algorithm. Everyday it gets more attention and spreads (like a virus  ) and every day the system absorbs BTC3600 newly minted BTC and gets one day closer to the halving |
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Now it's starting to get interesting |
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So who is going to be foolish enough to provide liquidity on the ask side now? The ones selling on every rise over the weekend should have learned by now, right?
Liquidity on the ask side is coming from the longs closing their position. And we still got a lot of them to close |
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A new batch of retards just flooded the market...
Retards with apparently more funds than you could put up to short moar coinz. I quit trading this volatile leftover descending trash that was resulted from the biggest ponzi scheme that ever happened since the old days of tulip bulbs and beanie babies ... a long time ago. You sound butthurt. You sound like you don't know how to use the ignore button and i thought he was gone didn't he gave up his nick? Or some other troll picked it up? |
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Usually the bid end is a lot bigger.. that's the problem
20million longs now
1+1 is...no wait don't tell me 1+ one , carry over five, use the fraction, find a common denominator, now integrate both sides of the equation ummm | | <-this many speculating that someone betting huge that those auctioned coins went at a high premium. But the fact that we have $20MM in longs and the price is only $270 is insane harder and harder to stay a bull with these retarded leveraged longs |
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How much do you think is needed to start a $19.25MM long squeeze that last $1MM in longs must already be under |
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Ah the longs are up almost 1MM over 19MM again that explains the last bump. Either someone knows something no one else does, or someone is rolling a dice big time
You don't know? Are you paying attention? I do have a life outside this thread don't wanna end up like Adam |
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Ah the longs are up almost 1MM over 19MM again that explains the last bump. Either someone knows something no one else does, or someone is rolling a dice big time
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