Four hours to a new record price! ( + Poll )

[alan2here]

I've seen several posts about this in this thread:
https://bitcointalk.org/index.php?topic=101081

The linked thread could do with trustworthy people in it again, as much as is ever the case around here :¬P I'd like to make sure it's kept up to date.

[arepo]

you and all of the other irrational bulls. ready for the squeeeeeze

No such thing, unless you know of a BTC exchange that supports margin trading. (In which case, being out of USD wouldn't be keeping theymos from buying!)

you don't need leverage for a squeeze to happen, leveraging just magnifies the effect. follow me here: "Everyone can't get rich". this is a zero-sum game. if everyone is out of usd, the price will stall and someone will get spooked. some profit-taking will happen and the coins will move to 'stronger' hands. unless the buying pressure is strong, the price will settle at a lower point. long squeeze.

[Qoheleth]

you don't need leverage for a squeeze to happen, leveraging just magnifies the effect. follow me here: "Everyone can't get rich". this is a zero-sum game. if everyone is out of usd, the price will stall and someone will get spooked. some profit-taking will happen and the coins will move to 'stronger' hands. unless the buying pressure is strong, the price will settle at a lower point. long squeeze.

My impression was that "squeeze" specifically meant the effect of margin positions getting liquidated by a big move, necessitating market action by the margin lenders to recover their principal, leading to a multiplication of the move.

It seems I was mistaken!

[arepo]

[snip]
It seems I was mistaken!

no thats pretty much right. im just saying the same effect where a positive feedback loop causes the multiplication of a move due to traders being forced to cover their positions (automatically or voluntarily) can happen without leverage.

[DoomDumas]

10 days 


Ignore the scale, was just a copy and paste job in paint

I agree   this trends keep up for some time, and did'nt broke even after some serious sell volume..   It will keep this way

[xxjs]

I'd buy, but I'm out of USD.

In that case, it is time to sell your daughters!