Shorts on Bitfinex at a all time high!

[tokeweed]

edit and the falling price isnt hurting the hodlers lol, we are in it for the long temr so this short term manipulation is just a hitch in the big picture lol

It's hurting in the sense that it's making BTC look like an unattractive investment.  It's hurting the miners, the small merchants who are willing to hold BTC and I'm pretty sure it's hurting the community as well because the mood is bearish.

[srgkrgkj]

edit and the falling price isnt hurting the hodlers lol, we are in it for the long temr so this short term manipulation is just a hitch in the big picture lol

It's hurting in the sense that it's making BTC look like an unattractive investment.  It's hurting the miners, the small merchants who are willing to hold BTC and I'm pretty sure it's hurting the community as well because the mood is bearish.

yep thats apparent from all the doom threads lol, Bitcoin has received a lot of smack from investors because of the depreciating value :*( those relying on Bitcoin for fiat value are getting hurt

[yayayo]

edit and the falling price isnt hurting the hodlers lol, we are in it for the long temr so this short term manipulation is just a hitch in the big picture lol

It's hurting in the sense that it's making BTC look like an unattractive investment.  It's hurting the miners, the small merchants who are willing to hold BTC and I'm pretty sure it's hurting the community as well because the mood is bearish.

yep thats apparent from all the doom threads lol, Bitcoin has received a lot of smack from investors because of the depreciating value :*( those relying on Bitcoin for fiat value are getting hurt

Those relying on Bitcoin for fiat value need to rethink their concept of "value". What we need is a Bitcoin-only economy, where producers, suppliers, merchants and customers all use BTC without fiat conversion. Then these problems will disappear. Current economic actors should explore all available options to make steps in that direction.

Shorting Bitcoin will not work out longer term. Most of these traders will get burned sooner or later. Expect a violent upside movement when these shorts get squeezed.

ya.ya.yo!

[tokeweed]

edit and the falling price isnt hurting the hodlers lol, we are in it for the long temr so this short term manipulation is just a hitch in the big picture lol

It's hurting in the sense that it's making BTC look like an unattractive investment.  It's hurting the miners, the small merchants who are willing to hold BTC and I'm pretty sure it's hurting the community as well because the mood is bearish.

yep thats apparent from all the doom threads lol, Bitcoin has received a lot of smack from investors because of the depreciating value :*( those relying on Bitcoin for fiat value are getting hurt

Those relying on Bitcoin for fiat value need to rethink their concept of "value". What we need is a Bitcoin-only economy, where producers, suppliers, merchants and customers all use BTC without fiat conversion. Then these problems will disappear. Current economic actors should explore all available options to make steps in that direction.

Shorting Bitcoin will not work out longer term. Most of these traders will get burned sooner or later. Expect a violent upside movement when these shorts get squeezed.

ya.ya.yo!

It should start from the miners.  But how can they maintain their operations without converting to fiat?  I think no one anticipated BTC's industrial mining to happen.  In a perfect scenario it's the people themselves who get rewarded directly by supporting the network using their home PC's.

And who says the shorts are shorting for the longterm?  They are just following the trend.  And right now the trend is down.  The minute that reverses they cover and make a little profit.

[tokeweed]

... I think no one anticipated BTC's industrial mining to happen. ...

^that. Or, rather, no one wanted to consider the consequences. Tragedy of the commons

Yeah...  That's always the case.  Which brings me to another funny thought.  We know that some people like to fud to bring the price down in order to get in lower.  What if some people also like to hype in order to short higher...?  

That explains the all time high of shorts and all the hyping going around here.  

[Morecoin Freeman]

Shorters will get their ass margin called within 30 days.

[tokeweed]

Shorters will get their ass margin called within 30 days.

Exactly what I'm saying...  This is the kind of thing a shorter would say or what shorters want people to be saying.  They want the price to go slightly, giving them an opportunity to short higher.

[Morecoin Freeman]

Shorters will get their ass margin called within 30 days.

Exactly what I'm saying...  This is the kind of thing a shorter would say or what shorters want people to be saying.  They want the price to go slightly, giving them an opportunity to short higher.

Well I'm a trader and I go both long and short but for now I'm legitimately long since ~215. My last short was at 250.2

But you are right about everyone on here having their own personal agenda.

[tarmi]

better lock your profits from this bounce.

[ElectricMucus]

If you want to judge the sediment you guys are using the wrong chart.

https://bfxdata.com/sentiment/longshort

Total Active Long Swaps vs Short Swaps vs BTCUSD price (shorts expressed in USD equivalent): displays the total sum of all active swaps on bitfinex. the green area is the total sum of USD swaps over time (i.e swaps used for long positions, margin traders use USD swaps in long positions). The 2 red areas represent the total sum of BTC and LTC Swaps (i.e swaps used for short positions, margin traders use BTC / LTC swaps in short positions). To make the values better comparable I represented the sum of BTC and LTC swaps in USD worth. otherwise you would be comparing apples and oranges

[coinableS]

My last short was at 290 closed at 260 (good trade), then I went long at $250ish (BADD trade)... I suck at trading LOL  

[tokeweed]

Shorters will get their ass margin called within 30 days.

Exactly what I'm saying...  This is the kind of thing a shorter would say or what shorters want people to be saying.  They want the price to go slightly, giving them an opportunity to short higher.

Well I'm a trader and I go both long and short but for now I'm legitimately long since ~215. My last short was at 250.2

But you are right about everyone on here having their own personal agenda.

Yup...

[thejaytiesto]

I am not verse with various financial instruments. Can u plz explain in short what are these Shorts, Futures are ?

It means people have borrowed and sold on the market a total of 28531.03 bitcoins hoping to buy them back at a cheaper rate and take profits. It also means these bitcoins will have to be bought back on the market at some point.

What is that likely to result in, a crash or a pump?

Pump, even tho it can always backfire and turn out worse, but all indicators are pointing towards a recovery lately. Definitely a good time to try to amass as much BTC as possible.

[fred930]

If you want to judge the sediment you guys are using the wrong chart.

https://bfxdata.com/sentiment/longshort

Total Active Long Swaps vs Short Swaps vs BTCUSD price (shorts expressed in USD equivalent): displays the total sum of all active swaps on bitfinex. the green area is the total sum of USD swaps over time (i.e swaps used for long positions, margin traders use USD swaps in long positions). The 2 red areas represent the total sum of BTC and LTC Swaps (i.e swaps used for short positions, margin traders use BTC / LTC swaps in short positions). To make the values better comparable I represented the sum of BTC and LTC swaps in USD worth. otherwise you would be comparing apples and oranges

This chart from your link suggests to me that the ATH of BTC swaps was around mid January when the big crash happened. Is my interpretation correct?

[damiano]

Shorters will get their ass margin called within 30 days.

Funny saying this as Bulls are on the verge of being called.

[bitgeek]

Shorters will get their ass margin called within 30 days.

I hope not, I'm making money offering BTC for swaps

Shorters will get their ass margin called within 30 days.

Funny saying this as Bulls are on the verge of being called.

Let me guess, you're shorting as we speak.

[molecular]

If you want to judge the sediment you guys are using the wrong chart.

https://bfxdata.com/sentiment/longshort

Total Active Long Swaps vs Short Swaps vs BTCUSD price (shorts expressed in USD equivalent): displays the total sum of all active swaps on bitfinex. the green area is the total sum of USD swaps over time (i.e swaps used for long positions, margin traders use USD swaps in long positions). The 2 red areas represent the total sum of BTC and LTC Swaps (i.e swaps used for short positions, margin traders use BTC / LTC swaps in short positions). To make the values better comparable I represented the sum of BTC and LTC swaps in USD worth. otherwise you would be comparing apples and oranges

This chart from your link suggests to me that the ATH of BTC swaps was around mid January when the big crash happened. Is my interpretation correct?

yes, the previous ath seems to have been on Jan 15th.



BTC swaps reached ~ 27 kBTC and price dropped to $180 ($160?). ~30 hours before price was at $230 and the shorts at 18 kBTC. So while the shorts were being built up, the price dropped. That's in contrast to what is happening now: price is more or less stable while the shorts are building up.

[Wandererfromthenorth]

Doesn't matter that much if shorts measured in BTC are at ATH if their USD value is only $5-6M (since price dropped 70% or whatever since price ATH) compared to the longs that are at $26M.

[Tzupy]

Some of the shorts might have been just reserved, not actually sold yet.
And compared in $ with the longs, they are a small fraction, might just damped the fall.
I am not shorting yet, waiting for a low risk / high (not highest, obviously) reward entry for my planned short.

[damiano]

Shorters will get their ass margin called within 30 days.

I hope not, I'm making money offering BTC for swaps

Shorters will get their ass margin called within 30 days.

Funny saying this as Bulls are on the verge of being called.

Let me guess, you're shorting as we speak.

I have new shorts opened at 225 and old ones at 254 both on 20x

I only have 400 open at 225, 700 at 254