JimboToronto
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You're never too old to think young.
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April 06, 2015, 10:32:38 PM |
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"batshit crazy Bitcoin cultist" is too long.
Like "batshit crazy Bitcoin hater"? Or "batshit crazy trading cultist"
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inca
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April 06, 2015, 10:34:22 PM |
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Why you here then wanderer. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Wandererfromthenorth
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April 06, 2015, 10:35:28 PM |
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Why you here then wanderer. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Because bitcoin is a part of the process, a necessary step ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) No but seriously, it's a very good read ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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tarmi
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April 06, 2015, 10:39:25 PM |
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well, this attempt to keep this sinking boat afloat with a large buy on margin has officially failed.
credit bubble on bitfinex is on and already feels toppish.
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Afrikoin
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alan watts is all you need
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April 06, 2015, 10:39:49 PM |
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lel
another 500 k added.
25,392,128.49 USD
those delusional fuckers still buying on leverage.
Shorts at 27300.. Deluded shorters keep adding..new ATH link to shorters url? please Bfxdata.com Go to BTC swap, historic, scroll down, chart of number of swap contracts (btc short). Make it all time and you can see that in the last four months shorting has gone absolutely berserk. In fact the drop down from 680 marked a new phase of aggressive shorting not seen before. Big players suppressing the price with retail jumping on for the ride. Now it is retail adding shorts as the price rises. In contrast long swaps are high but 6million below the ATH. Got it thanks. Link (if anyone wants) http://bfxdata.com/swaphistory/btc.php$220
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Ask Ken About Love
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April 06, 2015, 10:40:58 PM |
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"batshit crazy Bitcoin cultist" is too long.
Like "batshit crazy Bitcoin hater"? I doubt that there are too many people who actually hate Bitcoin as a concept. That would, indeed, be crazy--like hating the number 27, or Special Relativity. I also doubt too many manage to hate Bitcoiners, i.e. "batshit crazy Bitcoin cultists." That's like hating people with bad personal hygiene--I might not enjoy being in close proximity to them, like in an elevator or a checkout line, but hate? Nah. Now, finding Bitcoiners to be an excellent source of guileless, childlike laughter? Count me in ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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inca
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April 06, 2015, 10:49:04 PM |
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Why you here then wanderer. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Because bitcoin is a part of the process, a necessary step ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) No but seriously, it's a very good read ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) ill read it tomorrow in the gym
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tarmi
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April 06, 2015, 10:51:14 PM |
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one more thing about those absolute ATH calls and numbers for shorts and longs.
yes, 27 k of shorts sounds a lot, but the price is at 250 $ (and we are still mining 3600 btc on a daily basis)
25.3 mil of longs does not sound a lot, but if you take into consideration the current price...well...it's worse than bad.
...
now I will leave you bulls to think about that a little bit.
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Fatman3001
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Make Bitcoin glow with ENIAC
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April 06, 2015, 10:54:02 PM |
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This is a strange time for shorters to double down. If we`ve got whales munching up cheap coins, wouldn`t it make sense for them to suppress the price and just let it bounce when they`re finished? (I know, wishful thinking. But still...)
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Shatoshi
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April 06, 2015, 10:54:18 PM |
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You ready to dump yet Tarmi? I need you to slam the price down with your bearwhale dick.
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dropt
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April 06, 2015, 10:56:34 PM |
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You ready to dump yet Tarmi? I need you to slam the price down with your bearwhale dick.
![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) LOL tarmi doesn't have any money OR coins.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 06, 2015, 10:58:35 PM |
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JimboToronto
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You're never too old to think young.
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April 06, 2015, 11:01:53 PM |
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You ready to dump yet Tarmi? I need you to slam the price down with your bearwhale dick.
Get real. Bearwhales are dickless.
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JimboToronto
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You're never too old to think young.
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April 06, 2015, 11:03:15 PM |
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You ready to dump yet Tarmi? I need you to slam the price down with your bearwhale dick.
![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) LOL tarmi doesn't have any money OR coins. That's why he's a bear.
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inca
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April 06, 2015, 11:07:16 PM |
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one more thing about those absolute ATH calls and numbers for shorts and longs.
yes, 27 k of shorts sounds a lot, but the price is at 250 $ (and we are still mining 3600 btc on a daily basis)
25.3 mil of longs does not sound a lot, but if you take into consideration the current price...well...it's worse than bad.
...
now I will leave you bulls to think about that a little bit.
Well considering that 14 million failed to cover even in 'the great crash' down to 160 i'm not sure how important that is. There has always been a large disparity between the size of the long and short positions. the only way i can explain this is that shorting a commodity that can shoot up like bitcoin and is in limited supply is very risky, and, it is possible to go long with btc only on finex. So presumably large holders, early adopters can put down huge numbers of btc and go long without fear of ever being margin called significantly. The other thing is a lot of the shorts are underwater and 12-13,500 were opened below 300. So the shorts have little room left. 11 million usd longs have opened all the way from 160 upwards in contrast. Should be a titanic battle, and if the longs are successful it will definitively end the bear market keeping bitcoin down.
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Meuh6879
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April 06, 2015, 11:13:58 PM |
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probable crisis would be at the level of the 1 QE of eurozone, US or BoJ = 1000 Milliards of USD. so ... bitcoin = 14 millions = 72 000 USD per BTC ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) time to solve the economy problem, guys (and girls).
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criptix
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April 06, 2015, 11:16:02 PM |
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looking at bfx, shorters gonna get rekt really hard soon.
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JimboToronto
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You're never too old to think young.
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April 06, 2015, 11:30:39 PM |
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I believe that belongs to this gentleman. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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aminorex
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Sine secretum non libertas
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April 06, 2015, 11:56:23 PM |
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Monkey thinks it takes another upstep from here, right about now, on a scale up to 30 minutes, target 255.86. On a scale of hours, he thinks it's going downish, target 253.97. By morning he thinks it can touch 260.27.
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