I'll be more than happy if it doesn't drop further. Currently it's like hanging on precariously to its position and if you observe the orderbook at exchangers, a lot of sell order is already in place putting the pressure with more downside expected.
Have a look at okcoin futures, tons of shorting all day. |
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even if price didnt have trend reversal, how much profit they expect really ?
I will let you know |
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so this forum has descended into the absurd ... NLC and the troll army have spammed and crapped up the WO for months and the moderator arrives from nowhere and deletes 2 innocuous posts about twists on OkCoin labelling ... wtf? got shares in OkCoin mod? dimwit
Chill, Adam removed some pitcures of my favorite catamaran (my wet bitcoin dream), but it's not important. The thing is, the trolls are not very present anymore. And wait for monday. I have a bold prediction that this monday is the perfect storm in bitcoinland. Wait and see. And kick the shit out of me if I'm wrong. (PS. This is my first prediction in this forum). Another pump like the Coinbase shit? Were you not around during that brutal bear attack? |
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Shorts are already loading up for the next wave down. $200 will most likely be tested
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Meh... Opened a few more quarterly contracts.
Keeping the ass end super soft.
super soft would mean 10x, but I know your went 20x probably |
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hello poor bitcoin fuckers.
still fighting this downtrend?
just sit tight and relax.
Are you still short? Do bears shit in the woods? |
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What happens to Bitfinex if the long squeeze comes and the bids get wiped? Will the dollar lenders lose their money if the longs are unable to close?
Thats an excellent question. I can't see anything on the website talking about this, but if orders cannot be filled while being liquidated I would assume the lender would be at a loss then, unless there is an insurance fund available to cover this or bitfinex would cover the difference? Okcoin has a pretty good engine when it comes to liquidation, they also have an insurance fund. The shitty thing is on Okcoin they will prioritize high risk positions and prematurely liquidate them earlier than they should. I was force liquidated a month ago $1 early. Sorry about the loss, but thank lord you can be wrong. I've been biting nails all morning. I absolutely could be. I just can't find any proper information if such an event were to occur. I would assume bitfinex would cover the difference, but if its not stated then I would assume the lenders would get a % back of the funds lent.  i think he said that because you was a bear and keep shorting on bitcoin  When I got liquidated I was bullish win some and lose some  |
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What happens to Bitfinex if the long squeeze comes and the bids get wiped? Will the dollar lenders lose their money if the longs are unable to close?
Thats an excellent question. I can't see anything on the website talking about this, but if orders cannot be filled while being liquidated I would assume the lender would be at a loss then, unless there is an insurance fund available to cover this or bitfinex would cover the difference? Okcoin has a pretty good engine when it comes to liquidation, they also have an insurance fund. The shitty thing is on Okcoin they will prioritize high risk positions and prematurely liquidate them earlier than they should. I was force liquidated a month ago $1 early. Sorry about the loss, but thank lord you can be wrong. I've been biting nails all morning. I absolutely could be. I just can't find any proper information if such an event were to occur. I would assume bitfinex would cover the difference, but if its not stated then I would assume the lenders would get a % back of the funds lent. |
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What happens to Bitfinex if the long squeeze comes and the bids get wiped? Will the dollar lenders lose their money if the longs are unable to close?
Thats an excellent question. I can't see anything on the website talking about this, but if orders cannot be filled while being liquidated I would assume the lender would be at a loss then, unless there is an insurance fund available to cover this or bitfinex would cover the difference? Okcoin has a pretty good engine when it comes to liquidation, they also have an insurance fund. The shitty thing is on Okcoin they will prioritize high risk positions and prematurely liquidate them earlier than they should. I was force liquidated a month ago $1 early. |
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My play stash is waiting to buy in at 198.
That said it could be a ruse to draw in shorts. 4.5k added today. Longs unchanged at 25M. A quick flash crash into the 1xx's would be painful but isn't out of the question.
I get the feeling it is the same guys moving the price up and down and manipulating the orderbooks.
Theres probably about 10k in dark orders down to 200 I would imagine. |
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Why is Bitfinex so bearish compared to others?
That. BTC-E is normally $5-10 under finex. Still over 25 million $ in longs. If they would close, they would wipe the bids multiple times. Probability of a long squeeze during a new crash is high. It's going to get ugly pretty soon, bids are so thin currently |
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Okcoin back and smooth All my shorts are still intact (incase if you guys were worried) |
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still dont know how they will do this retractment  Can we please start calling them 0kCoin please. I smell a new Gox in the making.
0kcoin ? Not difficult, just rolling back the servers from before 4pm. |
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Not surprised at all to see price bounce off the totally-not-fake $229.99 resistance wall.  Do whales really think we're still this stupid, after watching the charts closely for 2 years now? All the action was fake. The second it dropped shorts started to get filled. I'm very curious of his next strategy since no takers 228+ |
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So, is this 225 wall on bitfinex "real"?  Only one way to find out  |
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Rally ran out of gas?
I've never seen you say anything remotely positive re: bitcoin. Are you desperate for cheap coins because you missed out taking the plunge in the early days or something? I was bullish before the failed attempt at $300. Unlike adam, damiano is a contrary contrary indicator. It's really annoying. No, that would be Tarmi. |
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Rally ran out of gas?
I've never seen you say anything remotely positive re: bitcoin. Are you desperate for cheap coins because you missed out taking the plunge in the early days or something? I was bullish before the failed attempt at $300. |
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I think we could be in wave C of the ABC retracement after the previous dump. In a corrective wave, subwave C can be a 5-wave pattern (of which 1-3-5 are impulses). So this does non invalidate the count!
Correct me if I am wrong, I am kinda newbie in EW.
If that's so then this would be the last wave of impulse which would lead to the drop |
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