gentlemand
Legendary
Activity: 2604
Merit: 3090
Welt Am Draht
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December 16, 2017, 07:44:47 PM |
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CME has just increased their margin requirements for shorts to 500%.
Edit: for those not fond of math, you need to post $95,000 margin to short one paper bitcoin at $19,000.
Where can we see this? I understand fuck all about futures but it sounds cool. Or doesn't. I dunno. |
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Syke
Legendary
Activity: 3878
Merit: 1193
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December 16, 2017, 07:50:30 PM |
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JimboToronto
Legendary
Activity: 4690
Merit: 6169
You're never too old to think young.
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December 16, 2017, 07:51:06 PM |
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ATH Stamp $19k
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LFC_Bitcoin
Diamond Hands
Legendary
Activity: 4256
Merit: 12788
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December 16, 2017, 07:51:25 PM |
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19k WTF
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realr0ach
Sr. Member
Activity: 924
Merit: 311
#TheGoyimKnow
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December 16, 2017, 07:52:22 PM |
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Another day of bitcoin scam:  |
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Phil_S
Legendary
Activity: 2177
Merit: 1823
We choose to go to the moon
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December 16, 2017, 07:52:26 PM |
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Wall observation at stamp: nothing happening (yet)
This comment aged poorly, in 1 hour.  |
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Paashaas
Legendary
Activity: 4005
Merit: 6131
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December 16, 2017, 07:53:05 PM |
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Almost $20.000 per coin...  |
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HairyMaclairy
Legendary
Activity: 1442
Merit: 2285
Degenerate bull hatter & Bitcoin monotheist
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December 16, 2017, 07:53:12 PM |
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CME has just increased their margin requirements for shorts to 500%.
Edit: for those not fond of math, you need to post $95,000 margin to short one paper bitcoin at $19,000.
Where can we see this? I understand fuck all about futures but it sounds cool. Or doesn't. I dunno. Sorry this might be bad information. The only authoritative source I can find says 43 -47% margin. Carry on. http://www.cmegroup.com/notices/clearing/2017/12/Chadv17-480.pdf |
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gentlemand
Legendary
Activity: 2604
Merit: 3090
Welt Am Draht
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December 16, 2017, 07:53:59 PM |
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That's fine. I didn't understand that either. What would it have meant? |
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HairyMaclairy
Legendary
Activity: 1442
Merit: 2285
Degenerate bull hatter & Bitcoin monotheist
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December 16, 2017, 07:56:26 PM |
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Approaching Gdax ATH $19,697. Someone hodl me.
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jojo69
Legendary
Activity: 3626
Merit: 5300
diamond-handed zealot
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December 16, 2017, 07:58:41 PM |
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Approaching Gdax ATH $19,697. Someone hodl me.
come on in the terrified cuddle pile |
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TheJuice
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December 16, 2017, 07:59:24 PM |
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Approaching Gdax ATH $19,697. Someone hodl me.
group HODL. |
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HairyMaclairy
Legendary
Activity: 1442
Merit: 2285
Degenerate bull hatter & Bitcoin monotheist
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December 16, 2017, 07:59:40 PM |
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That's fine. I didn't understand that either. What would it have meant? It would have meant that CME thought that $96,000 per bitcoin within 3 months was a real possibility. Based on 47% margin and $19k price, they think $27k bitcoin is a real possibility within 3 months. |
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gentlemand
Legendary
Activity: 2604
Merit: 3090
Welt Am Draht
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December 16, 2017, 08:03:19 PM |
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It would have meant that CME thought that $96,000 per bitcoin within 3 months was a real possibility. Based on 47% margin and $19k price, they think $27k bitcoin is a real possibility within 3 months.
Interesting. Can I pay you to keep a Skype channel open to answer all this stuff in the future? My brain isn't what it was after quitting smoking. |
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jojo69
Legendary
Activity: 3626
Merit: 5300
diamond-handed zealot
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December 16, 2017, 08:05:43 PM |
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I feel like the oxygen masks should drop from the ceiling.
Rosewater...breathe into the bag man
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Syke
Legendary
Activity: 3878
Merit: 1193
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December 16, 2017, 08:06:32 PM |
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I have to get ready for an xmas party, but I can't take my eyes off the chart. I'm paralyzed!
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Rosewater Foundation
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December 16, 2017, 08:09:06 PM |
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I feel like the oxygen masks should drop from the ceiling.
Rosewater...breathe into the bag man
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realr0ach
Sr. Member
Activity: 924
Merit: 311
#TheGoyimKnow
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December 16, 2017, 08:16:46 PM |
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When the buys at the margin are all large and in rapid succession like this where it's stupidly obvious that they're not buying because they actually want bitcoin but because they want to try and move the market, you know you're in a pump and dump.
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AlcoHoDL
Legendary
Activity: 3094
Merit: 6981
Addicted to HoDLing!
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December 16, 2017, 08:18:04 PM |
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Fitting lyrics, and a great song! Oh, and BTW... Euro-ATH @ Kraken! !!! 16,000 € !!! |
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Spaceman_Spiff_Original
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December 16, 2017, 08:20:37 PM |
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I feel like the oxygen masks should drop from the ceiling.
Rosewater...breathe into the bag man
Funny, I felt quite high a while ago (when it spiked to 15-16k usd), but I am quite unphased now. Of course, I did sell a sizeable portion of my stash around 14k, which probably explains it. That ended up not being the best decision, but I am fine with it, as it means I can sleep better. On the other hand if this baby soars to $50k, I might be having trouble sleeping from that decision  . |
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