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spin
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October 10, 2014, 10:58:48 AM |
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Free money on bitfinex for anyone with deep pockets and a large pile of BTC.
Place a very high ask..market buy 10k. Margins calls will make you several million $'s and a pile of btc
50 people who are prepared to risk 30btc (to open position 3:1 = 90btc) can turn this around... Who is in?  would be amazing to see...could ignite a temporary chain reaction with a ping pong over a huge price range indeed. Could send the price over 5k on finex and have a ton of liquidated butt hurt shorts. Other exchanges would move up at least $100 probably more temporarily Hate to burst your bubble but take a look at longs. They just sucked up all available swaps no more free money. And $ wise they outnumber the shorts by far. Or you can just disregard this and keep looking at shorts ? Free money would be setting an ask of several thousand btc above $1000 and then buying 10k btc on market. Forced liquidation sends the price stratospheric filling your asks. You then get btc plus several million $'s. Free money Great theory...assuming longs wont be closing... You have a point I think: I just checked and there are $21m in open USD swaps. Assuming these have gone long BTC then you get 21m/360 = 58300 BTC longs (assuming none are long some of the other bitfinex assets). Against that you have 14 400 BTC swaps which are presumable all shorts. I think this implies a *net* long squeeze rather than short squeeze is possible. So if priced moved up your 14 400 swaps may well be eaten up by open longs closing to take profit. Whereas if the price moved down the longs will have to close and there won't be enough shorts to eat them up... |
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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ChartBuddy
Legendary
 Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 10, 2014, 11:01:07 AM |
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pinky
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October 10, 2014, 11:03:37 AM |
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and they keep talking about shorts, never mind the 22 mil of longs opened since when? +1 |
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kurious
Legendary
Offline
Activity: 2590
Merit: 1643
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October 10, 2014, 11:06:39 AM |
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Free money on bitfinex for anyone with deep pockets and a large pile of BTC.
Place a very high ask..market buy 10k. Margins calls will make you several million $'s and a pile of btc
50 people who are prepared to risk 30btc (to open position 3:1 = 90btc) can turn this around... Who is in? would be amazing to see...could ignite a temporary chain reaction with a ping pong over a huge price range indeed. Could send the price over 5k on finex and have a ton of liquidated butt hurt shorts. Other exchanges would move up at least $100 probably more temporarily Hate to burst your bubble but take a look at longs. They just sucked up all available swaps no more free money. And $ wise they outnumber the shorts by far. Or you can just disregard this and keep looking at shorts ? Free money would be setting an ask of several thousand btc above $1000 and then buying 10k btc on market. Forced liquidation sends the price stratospheric filling your asks. You then get btc plus several million $'s. Free money Great theory...assuming longs wont be closing... You have a point I think: I just checked and there are $21m in open USD swaps. Assuming these have gone long BTC then you get 21m/360 = 58300 BTC longs (assuming none are long some of the other bitfinex assets). Against that you have 14 400 BTC swaps which are presumable all shorts. I think this implies a *net* long squeeze rather than short squeeze is possible. So if priced moved up your 14 400 swaps may well be eaten up by open longs closing to take profit. Whereas if the price moved down the longs will have to close and there won't be enough shorts to eat them up... But hey - when was Bitcoin ever volatile  Interesting times. Off to stock up on popcorn, just in case. |
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gizmoh
Legendary
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Activity: 1428
Merit: 1000
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October 10, 2014, 11:07:25 AM |
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NotLambchop
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October 10, 2014, 11:12:04 AM |
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Bad for economy = good for BTC. Bullish! *In case you wondered why BTC isn't adored by the mainstream... |
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solex
Legendary
Offline
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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October 10, 2014, 11:14:42 AM |
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could btc/usd prices be impacted by cryptsys huge volume of XRP markets ? and would altcoins help or make it worse for the growth of BTC/USD?
The altcoins that come to mind that seek larger speculation of growth like Coin Magi (XMG), Primecoin (XPM), Peercoin (PPC) ..?
DOGE is a pretty big one its hard to say exactly how it these alts effect he BTC market but the idea that BTC is needed to bid in these markets is rather bullish for BTC. Alts have diluted capital flow into BTC. Perhaps just fool's money, but imagine if all the cash that went into DOGE et al. went into BTC. money moving towards alts is getting less: YES!!! That is certainly an interesting trend, when some people try to give so much importance to the supposed dynamic of alts stealing away market cap from BTC, when we look more closely at the facts, the story seems to be quite to the contrary... alts are proliferating and so far pretty much stealing from each other rather than from bitcoin b/c as a whole bitcoin is NOT losing market share to such alts. NOW again, that is a good metric to monitor b/c it could change in a year or so or somewhere down the line some of the alts may begin to take some market share from BTC. Well, that was how I was thinking too, but the percentage has been around 90% for the past week. Will be interesting to see if it goes nearer 95% again, perhaps when bitcoin is back in the $600s |
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NotLambchop
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October 10, 2014, 11:28:39 AM |
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Good morning everyone. Breakfast!  *Don't worry other bulls, you'll be fine. Your bullfriends are still living productive and happy lives. Sans their bragworthy balls. |
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razorramon
Full Member
Offline
Activity: 238
Merit: 100
BILIBIT.IO -1st Decentralized Token in Philippines
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October 10, 2014, 11:37:59 AM |
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eww do they really eat that shit in Austria?
lol
maybe 20 years ago...never eaten or seen that |
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Pala_00
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October 10, 2014, 11:42:39 AM |
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NotLambchop
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October 10, 2014, 11:44:29 AM |
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eww do they really eat that shit in Austria?
lol
In US we like 'em young. "Rocky Mountain oysters are the testicles of bull calves ... They are often deep-fried after being peeled, coated in flour, pepper and salt, and sometimes pounded flat." Imagine, pounded flat. So satisfying. |
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njcarlos
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October 10, 2014, 11:45:07 AM |
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*Don't worry other bulls, you'll be fine. Your bullfriends are still living productive and happy lives.
Sans their bragworthy balls.
Lol |
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Wandererfromthenorth
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October 10, 2014, 11:48:40 AM |
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eww do they really eat that shit in Austria?
lol
In US we like 'em young. "Rocky Mountain oysters are the testicles of bull calves ... They are often deep-fried after being peeled, coated in flour, pepper and salt, and sometimes pounded flat." Imagine, pounded flat. So satisfying. I just googled "Rocky Mountain oysters", I wish I didn't  lmao |
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noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
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October 10, 2014, 11:50:16 AM |
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eww do they really eat that shit in Austria?
lol
Only real men can eat bull testicle like that... awesome |
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doo
Member
Offline
Activity: 70
Merit: 10
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October 10, 2014, 11:51:07 AM |
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eww do they really eat that shit in Austria?
lol
maybe 20 years ago...never eaten or seen that Its eaten all over the world http://en.wikipedia.org/wiki/Testicle_(food) |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 10, 2014, 12:01:02 PM |
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razorramon
Full Member
Offline
Activity: 238
Merit: 100
BILIBIT.IO -1st Decentralized Token in Philippines
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October 10, 2014, 12:02:19 PM |
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not in regular restaurants...you have to find a special place for that...brains and guts are much easier to find...but i think i saw bull testicles in barcelona once |
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NotLambchop
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October 10, 2014, 12:02:40 PM |
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eww do they really eat that shit in Austria?
lol
In US we like 'em young. "Rocky Mountain oysters are the testicles of bull calves ... They are often deep-fried after being peeled, coated in flour, pepper and salt, and sometimes pounded flat." Imagine, pounded flat. So satisfying. I just googled "Rocky Mountain oysters", I wish I didn't lmao What wikip fails to mention is peeling and pounding is done with the testicles still attached to the bull. |
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JayJuanGee
Legendary
Offline
Activity: 3710
Merit: 10237
Self-Custody is a right. Say no to"Non-custodial"
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October 10, 2014, 12:03:29 PM |
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could btc/usd prices be impacted by cryptsys huge volume of XRP markets ? and would altcoins help or make it worse for the growth of BTC/USD?
The altcoins that come to mind that seek larger speculation of growth like Coin Magi (XMG), Primecoin (XPM), Peercoin (PPC) ..?
DOGE is a pretty big one its hard to say exactly how it these alts effect he BTC market but the idea that BTC is needed to bid in these markets is rather bullish for BTC. Alts have diluted capital flow into BTC. Perhaps just fool's money, but imagine if all the cash that went into DOGE et al. went into BTC. money moving towards alts is getting less: YES!!! That is certainly an interesting trend, when some people try to give so much importance to the supposed dynamic of alts stealing away market cap from BTC, when we look more closely at the facts, the story seems to be quite to the contrary... alts are proliferating and so far pretty much stealing from each other rather than from bitcoin b/c as a whole bitcoin is NOT losing market share to such alts. NOW again, that is a good metric to monitor b/c it could change in a year or so or somewhere down the line some of the alts may begin to take some market share from BTC. Well, that was how I was thinking too, but the percentage has been around 90% for the past week. Will be interesting to see if it goes nearer 95% again, perhaps when bitcoin is back in the $600s Yep.. there has been some pretty considerable price fluctuations in the past few weeks, and we will have to see how this plays out in the next few weeks. There could even be a great exponential growth in BTC and alts may or may NOT follow (or outpace the growth of BTC like they seemed to have done for a short period in late 2013). |
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