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1  Economy / Speculation / Re: Bitfinex: Short > Long positions (Will end violently) on: February 16, 2017, 08:23:39 PM
55k Bitcoin in a short position ?  Holy mother.. Shocked

55k contracts. IE $5,5000,000 which is 5.5k BTC and he's probably using 10x leverage so 5.5k/10 = 550

550 bitcoin short

Nope ... look again ... 55k BTC  Shocked

Agree, probably on a 10x. So 5.5k BTC on the line as margin ...
2  Economy / Speculation / Re: Bitfinex: Short > Long positions (Will end violently) on: February 16, 2017, 08:09:25 PM
For the past months, there's been a HUGE contract holder on OKC.

Longs were dreading he might be long, since he would have to sell at some point, however, today he finally gave a clue to his position.

Since price is rising and his position decreased slightly, he appears to be SHORT and taking a beating.

This contract ends in March 31.  When he closes his position, BTC going to explode whether it be from the depths of 700 due to ETF being rejected, or new all time highs.



I agree with you about the BFX shorts ... that looks like a recipe for disaster :/

This OKC one does too, but its a bit more complex - been watching it while and seemed pretty obvous it was a short due to the, at times, > $80 discount on the quarterly vs weekly and even more vs spot. Also, this position is roughly 50% of the open interest. Not possible to close it in an orderly fashion if it goes the wrong way. Period. And the holder knows this and knew it when he took that size position relative to the market.
However, due to it having an expiry, the owner deos not have to close it. And at any point he can just walk away and take the hit having withdrawn the max maintenance margin/profit possible. The loss from there would be max 5k BTC, possibly only 2.5k, depending on the leverage used, and nothing would actually have to be bought on market at all. The longs just get fucked and not paid out. The OKC futures market is a zero sum game.

If it then gets stopped out, the net result will likely be that there is a massive buy order sitting there unfilled in the OKC futures order book, the loss will be 'socialised' ie. anyone betting against him will not make any money. Its a truly fucked up scenario that will likely doom the exchange imo.

More than that, I would be very surprised if this is not an insider of sorts who has taken this position. Either an OKC 'associate' or a PBoC 'family member'. Only someone with access/control to policies of OKC and or PBoC would commit to such a thing imo. It is insanity otherwise.

The fact that we appear to have two 'systemic risk' sized positions in the market, in the same direction, at the same time, is very disconcerting tbh.

Maybe they know something, maybe they dont. Maybe they can influence things, maybe they can't. But both are too big for this market and are unlikley to end well unless 'shenanigans'. Watch out for a BFX  'hack' ...

Yup, buy spot popcorn, enough for 4-6 weeks!!

So ... sideways then lol

Also, yes, it is my understanding that the ETF has to be officially 'approved' by  the SEC, so 'no comment' = 'no ETF', not 'approved'. Deadline on this is 11th March. No more extensions.
From what I read, most ETF that are not going to be approved are withdrawn close to the final date to save face (ie they are given a nudge, gentlemans agreement style)
I wonder what the twins would choose in this scenario (we may never ge to find out of course!)

 
3  Economy / Speculation / Re: ELLIOTT WAVE ANALYSIS OF BITCOIN (BTC/USD) PRICE on: August 21, 2016, 05:40:48 PM
I signed up for the free content at
www.elliottwave.com

and have done a little research, but since I'm still very new to this,
can someone explain the theory on why coins would have to drop to something as low as $85 before they would go up to $2000?

It seems to me that if coins ever went back down to $85 it would be the result of people using a different coin, etc. (AKA Bitcoin is dead at that point.)

Nobody is saying it *has to* happen ...
Some are just more open-minded to alternate possibilites and paths than others
OP's count looks perfectly valid in EW terms to me, but its not the *only* count

4  Economy / Speculation / Re: ELLIOTT WAVE ANALYSIS OF BITCOIN (BTC/USD) PRICE on: August 21, 2016, 05:13:26 PM

I believe $2k coins could very well happen, but not after a drop to $85 - that's impossible at this stage of the game.

And in those words of deep wisdom lie the answer to exactly why it can happen  Wink
5  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 10, 2016, 04:31:32 PM
Withdrawal option still not available for BTC  Undecided

Or other crypto... In the end I bought LTC and will move to Kraken ASAP.

Withdrawal is open now...just waiting on my e-mail.

No withdrawals yet... Fuck...

Your account is currently on withdrawal hold. All withdrawals will be held in a Pending Approval state until the hold is lifted. The most common triggers of a withdrawal hold are account password changes and the changing of certain security settings. Please contact support@bitfinex.com with questions or concerns. This hold will be lifted at August 13, 2016 14:31.

In other words...everyone's trying to withdraw! Stop before we have no more money!

Yeah, but my reason to buy LTC for withdrawal was that no LTC were stolen, as opposed to the 120k BTC missing. So there should be more LTC actually available for withdrawal ASAP.

http://blog.bitfinex.com/uncategorized/site-update/

Quote
Exchange trading will be enabled for all currencies and pairs, while deposits and withdrawals will be enabled for BTC, ETC, ETH, and USD with LTC and Tether to follow shortly thereafter

Perhaps this is the problem ...

6  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 25, 2016, 02:38:23 AM
Yeh, there's sthg very wrong about that  Cheesy
7  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 25, 2016, 02:31:13 AM
To be frank Fakhoury, I do think having a 'Bullish news' thread is amusing, but you are free to create whatever threads you want and I am free to have my own opinion on it. It's just not a place I would ever want to hang out Wink

JJG : x-talk ... was not referring to you as a permabull. I'm not quite sure what you are ... 'special' ??  Cheesy
8  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 25, 2016, 02:09:50 AM

Link to the thread, or such thread doesn't exist....  Angry Angry


Not possible to link to deleted post, and I am sure you can find the thread yourself with your technical skills - its been going for about a year  Roll Eyes

Hint : Look on the front page of this subforum, a few rows down


Yeah, i was interested in the title of the thread, rather than the deleted post, and that seems to be a pretty cool thread.. I had not seen it.

https://bitcointalk.org/index.php?topic=1166428.0

You have not noticed it in a year? Wtf have you been doing ? Writing essays or something?

You made me lol hard buddy Cheesy

But I don't why you hate our club so much (Bitcoin permabulls and the maximalists) ?

C'mon dude, chill Wink

Keep doing what your doing, fine by me, but the 'club' you are asking me to join is myopic IMO. I will never jump in a box labelled 'permabull', but only 'non-permabulls' will understand my true thoughts behind that. I guess I just don't drink enough Kool-aid. Wtf is a 'maximalist' anyway?  Cheesy

I will put it simply - I find crypto and the future of digital money very interesting. But I am not 'married' to BTC (or anything else). We are still in the very early stages of an experiment, and watchng it unfold is very informative and educational in so many ways. Close your mind to the multitude of possibilities at your peril.

No hating ... but I will meet fire with fire when necessary  I feel like it Wink

JJG, I don't dislke him, he just bores the pants off me with his monologues


Dude, are you fuckin serious ?

Are we in a battlefield or Bitcoin forum ?

What fire and what hating you are talking about ? I'm sorry, but this is a complete BS.

Buddy, we are friends and we are here because of something both of us love and find it interseting beside millions of peoples, which is cryptocurrency.

Why do you deal with me as I'm your foe ? Didn't we achieve a mutual relationship/slight friendship ?

I'm not asking you to join the club, neither I did nor I will, I just saw hating towards permabulls like me and I saw no valid reason for this.

I don't think that the things deserve this attuide from you Smiley

Again, chill mate as nothing deserves all of this.

Regarding JJG, he is a cool kid who enjoys watching twilight movies and lurking at Hackforums to be a cool haxor Tongue Cheesy



I'm fine Fakhoury, it was you who brought up the issue of hating, which I don't ... i really don't understand your point.


so, in essence, this one time I am admitting guilt    Embarrassed  Cry

Lol - there was an extremely heavy dose of sarcasm in my post  Wink
9  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 25, 2016, 01:45:30 AM

Link to the thread, or such thread doesn't exist....  Angry Angry


Not possible to link to deleted post, and I am sure you can find the thread yourself with your technical skills - its been going for about a year  Roll Eyes

Hint : Look on the front page of this subforum, a few rows down


Yeah, i was interested in the title of the thread, rather than the deleted post, and that seems to be a pretty cool thread.. I had not seen it.

https://bitcointalk.org/index.php?topic=1166428.0

You have not noticed it in a year? Wtf have you been doing ? Writing essays or something?

You made me lol hard buddy Cheesy

But I don't why you hate our club so much (Bitcoin permabulls and the maximalists) ?

C'mon dude, chill Wink

Keep doing what your doing, fine by me, but the 'club' you are asking me to join is myopic IMO. I will never jump in a box labelled 'permabull', but only 'non-permabulls' will understand my true thoughts behind that. I guess I just don't drink enough Kool-aid. Wtf is a 'maximalist' anyway?  Cheesy

I will put it simply - I find crypto and the future of digital money very interesting. But I am not 'married' to BTC (or anything else). We are still in the very early stages of an experiment, and watchng it unfold is very informative and educational in so many ways. Close your mind to the multitude of possibilities at your peril.

No hating ... but I will meet fire with fire when necessary I feel like it  Wink

JJG, I don't dislke him, he just bores the pants off me with his monologues
10  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 25, 2016, 01:08:21 AM

Link to the thread, or such thread doesn't exist....  Angry Angry


Not possible to link to deleted post, and I am sure you can find the thread yourself with your technical skills - its been going for about a year  Roll Eyes

Hint : Look on the front page of this subforum, a few rows down


Yeah, i was interested in the title of the thread, rather than the deleted post, and that seems to be a pretty cool thread.. I had not seen it.

https://bitcointalk.org/index.php?topic=1166428.0

You have not noticed it in a year? Wtf have you been doing ? Writing essays or something?
11  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 25, 2016, 12:54:32 AM

Link to the thread, or such thread doesn't exist....  Angry Angry


Not possible to link to deleted post, and I am sure you can find the thread yourself with your technical skills - its been going for about a year  Roll Eyes

Hint : Look on the front page of this subforum, a few rows down
12  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 25, 2016, 12:45:34 AM
^^ Won't argue with that  Cheesy ... selling gold for BTC, BTC Debit Cards, offering BTC purchase with CC for 8% fee lol - more 'signs of desperation' than a 'thriving business'   Undecided

The one unkonwn is what they do OTC, now that they are 'licensed from Luxembourg' - sounds shady as fuck, rubber stamped by Eurpean elites ...
13  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 25, 2016, 12:31:42 AM
... yeah, the check's in the mail ... and hey, don't you really want to buy some Ether instead!?

Cryptsy?

lol ... I suppose you called that too right, well in advance. Writing was on the wall for all to see there for a long time. Here you are claiming something entirely different. More 'smearing' I would call it.

To be fair,you could claim that all of the BTC/crypto exchanges will steal from and you would probably have a hit ratio >50%  over time - it's hardly rocket science , just the nature of the beast Wink

FWIW I do agree from the reports I have read that Coinbase is overly invasive and heavy-handed when it comes to KYC and shutting accounts. But for a 'regulated' exchange base in the US that is harldy a surprise.
Stamp likes to 'probe' a lot too... it begins ...
14  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 25, 2016, 12:12:44 AM
Fuck ETH scam, fuck that shit. Stay with the true and only Bitcoin, fuck the rest. Thank you and good night.

r0ach, is that you ? Sure sounds like you ...
EDIT : Hmmm .. the 'thank you and good night' part is a bit out of character

Someone is sure butthurt ...



I'm Satoshi, duh!!

The only butthurt are the ETH scammers. Fuck ETH. Thank you and goodnight.

You already said goodnight once , now GTFO and massage your sore parts
Or be a man an identify yourself ...

EDIT: I see you deleted the same 'Fuck Eth shit' post from Fakhoury's 'Only bullish things can be said about Bitcoin' thread ... definitely not r0ach - now I see you  Wink
15  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 25, 2016, 12:04:02 AM
Fuck ETH scam, fuck that shit. Stay with the true and only Bitcoin, fuck the rest. Thank you and good night.

r0ach, is that you ? Sure sounds like you ...
EDIT : Hmmm .. the 'thank you and good night' part is a bit out of character

Someone is sure butthurt ...

16  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 25, 2016, 12:01:42 AM
I hate to say this but Coinbase is starting to look totally sketchy ... I called the Mt. Gox blow up 8 months before it finally happened (in fact I was warning to stay out of it since mid-2011).

You also told us that BitStamp would not come back online after the hack 18 months ago, but here it is
I think you might be a bit overly sensitive to these things ...

I don't doubt there is some PR involved in their actions, but hey ... that's hardly new in crypto ...
17  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 24, 2016, 10:56:38 PM
Is there any news on the Twinkles' Eth ETF yet?  Shocked
In Two Weeks, according to sources.


 Cheesy
18  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 24, 2016, 10:40:08 PM

BTW, is Coinbase planning to delist BTC now that it upgraded to ETH? Any news on that?
No, they don't care about BTC anymore. Their immediate plan is to start campaign for ETH blocksize increase.

Is there any news on the Twinkles' Eth ETF yet?  Shocked
19  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 24, 2016, 10:13:42 PM

Man! Diiiiii Ehhhh Owww is the future!

with all the cables, batteries and everything! you know??

Elon Musk is pooping his pants right now  Cheesy
What if they decide to build a rocket too ??
20  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 24, 2016, 09:09:27 PM
<blah blah blah>

     glutenous

sousaphone
 
            Pentangle.

 colonic

You left out some words, FTFY

LMAO !! Thanks for that  Cheesy
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