podyx
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Activity: 2338
Merit: 1035
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February 16, 2017, 08:19:06 PM |
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55k Bitcoin in a short position ? Holy mother..  55k contracts. IE $5,5000,000 which is 5.5k BTC and he's probably using 10x leverage so 5.5k/10 = 550 550 bitcoin short |
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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yugo23
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February 16, 2017, 08:22:33 PM |
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Ahahahah
Well that was for sure since the begining!
1k$ is a freaking high border, it's the real glass ceiling. It seems too hard to break
And it has always been too hard
But the moment when it'll break... oh god...
Problem is that no trader holding a short will be able to stop it now. When do you stop it? At 1050? Well it's nearly there...
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julian071
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February 16, 2017, 08:22:44 PM |
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55k Bitcoin in a short position ? Holy mother.. 55k contracts. IE $5,5000,000 which is 5.5k BTC and he's probably using 10x leverage so 5.5k/10 = 550 550 bitcoin short Still, holy.... Imagine how much popcorn you could buy for $ 500,000,- |
=P
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phoenix1
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February 16, 2017, 08:23:39 PM |
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55k Bitcoin in a short position ? Holy mother.. . IE $5,5000,000 which is 5.5k BTC and he's probably using 10x leverage so 5.5k/10 = 550 550 bitcoin short Nope ... look again ... 55k BTC Agree, probably on a 10x. So 5.5k BTC on the line as margin ... |
"Before you embark on a journey of revenge, dig two graves" - Confucius (China 551BC-479 BC)
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yugo23
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February 16, 2017, 08:24:17 PM |
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55k Bitcoin in a short position ? Holy mother.. 55k contracts. IE $5,5000,000 which is 5.5k BTC and he's probably using 10x leverage so 5.5k/10 = 550 550 bitcoin short And the worst part is that if we cross the 1150$ he'll lose everything Oo You imagine that? Seeing 500k$... Disappearing... The guys must be like a crazy bitch in front of his computer!!! Refreshing the chart every 2 seconds xD |
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kwukduck
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Activity: 1937
Merit: 1001
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February 16, 2017, 08:49:27 PM |
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55k Bitcoin in a short position ? Holy mother.. 55k contracts. IE $5,5000,000 which is 5.5k BTC and he's probably using 10x leverage so 5.5k/10 = 550 550 bitcoin short And the worst part is that if we cross the 1150$ he'll lose everything Oo You imagine that? Seeing 500k$... Disappearing... The guys must be like a crazy bitch in front of his computer!!! Refreshing the chart every 2 seconds xD As the CSO stated, they will not let that happen, they will protect those people. |
14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
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quake313
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February 16, 2017, 09:13:22 PM |
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CSO of Bitfinex was on whalepool chat saying they would protect short sellers in case of cascading margin calls to the upside.
Why on earth would the CSO get involved in individual trades? He should do his job of running an exchange.
If short traders are foolish and get hurt, that's life.
I agree, if they made their bed then let them lie in it. Shit happens, if you gamble your lofe away financially by shorting then you must face the consequences. Rather shocking to see that comment. It's none of their business. To protect their customers they will attempt to manipulate the market once more? As if there isn't enough manipulation going on. This CSO should be fired imho. I can not believe that I agree with kwukduck on something |
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alyssa85
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Merit: 1088
CryptoTalk.Org - Get Paid for every Post!
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February 16, 2017, 10:25:41 PM |
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Or they could be short because they have inside informatiom about the ETFs.
Do you know when these short contracts expire?
Bitfinex doesn't have short contracts. They can hold them as long as they don't get margin called. OK Thanks. That means whoever is holding the shorts is gambling that the ETF is going to be either denied, or the decision postponed again. |
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quake313
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February 17, 2017, 10:12:09 PM |
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Or they could be short because they have inside informatiom about the ETFs.
Do you know when these short contracts expire?
Bitfinex doesn't have short contracts. They can hold them as long as they don't get margin called. OK Thanks. That means whoever is holding the shorts is gambling that the ETF is going to be either denied, or the decision postponed again. It can't be postponed any longer, either rejected or officially approved or approved by default. |
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abercrombie (OP)
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Activity: 1159
Merit: 1001
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February 18, 2017, 12:24:12 AM |
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The largest contract holder at OKCoin has decreased the position by >20,000 BTC in the last 24 hours. (35,828 vs 55,974 BTC). |
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aso118
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Activity: 1918
Merit: 1012
★Nitrogensports.eu★
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February 19, 2017, 01:17:23 AM |
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Or they could be short because they have inside informatiom about the ETFs.
Do you know when these short contracts expire?
Bitfinex doesn't have short contracts. They can hold them as long as they don't get margin called. OK Thanks. That means whoever is holding the shorts is gambling that the ETF is going to be either denied, or the decision postponed again. They are also hoping that Bitcoin doesn't rally wildly before the decision is made. If we see a move up by $100 or so, we are going to see a lot of margin calls being made. |
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Wexlike
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Activity: 1473
Merit: 1086
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February 21, 2017, 08:42:18 AM |
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The recent leg up to 1100$ seems to be a long position. |
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DoktorKopf
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Activity: 29
Merit: 1
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February 21, 2017, 12:34:16 PM |
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Todays bump helped by another c.2k worth of shorts throwing in the blood-soaked towel on finex.
Still 13.5k praying this is a bulltrap, with maybe 5k outstanding from the 900 ish level.
I think they think they can ride it out till March 12th. Maybe they can.
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bamboylee
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February 21, 2017, 01:39:47 PM |
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I just hope they can tank the margin when the price soar on the way to March 11. The short squeeze will kill them, the price is already moving up and we are still two weeks away from the decision.
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quake313
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February 23, 2017, 10:30:29 PM |
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Just noting, that in BFX's history there has never been more short sellers in dollar amount than longs. Also note, 90% are under water with the average being somewhere around $950'ish. So, it seems they are betting on past history. Every time Bitcoin enters $1000+ it crashes violently. However, like the old saying goes: "Past performance is not indicative of future results." Another theory, is that Bitmex sentiment suggests a 30% chance of the Winklevoss ETF passing as we approach the final March 11 2017 deadline. So after an expected ETF rejection by the SEC, lots betting that Bitcoin will crash a few hundred. CSO of Bitfinex was on whalepool chat saying they would protect short sellers in case of cascading margin calls to the upside. Whatever the case, this does not look to end well.   Any updates? Shorters getting killed I would imagine? Any suicide news about Bitcoiners? |
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abercrombie (OP)
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Activity: 1159
Merit: 1001
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February 23, 2017, 10:58:03 PM
Last edit: May 06, 2017, 02:30:44 PM by abercrombie |
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Any updates? Shorters getting killed I would imagine? Any suicide news about Bitcoiners?
Current Price BFX $1162. Slight incline of shorts today as we had an ATH. All of them underwater. |
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pereira4
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Activity: 1610
Merit: 1183
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February 23, 2017, 11:06:22 PM |
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55k Bitcoin in a short position ? Holy mother.. 55k contracts. IE $5,5000,000 which is 5.5k BTC and he's probably using 10x leverage so 5.5k/10 = 550 550 bitcoin short I hope this guy hasn't killed himself yet. Shorting is so fucking stupid unless you are George Shoros himself managing insider information, then you could be able to take big shorts, but those guys gambling in such suicidal ways is so insane. Just buy and hold, you will make massive gains like that alone. Im all about getting rich and taking risks but cmon, shorting bitcoin? bitcoin is only going up you dickwad shorts, don't you see the potential to go up is massive compared to going down? Shorts will never learn. |
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European Central Bank
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Activity: 1288
Merit: 1087
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February 23, 2017, 11:09:23 PM |
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Shorting is so fucking stupid unless you are George Shoros himself managing insider information, then you could be able to take big shorts, but those guys gambling in such suicidal ways is so insane.
Just buy and hold, you will make massive gains like that alone. Im all about getting rich and taking risks but cmon, shorting bitcoin? bitcoin is only going up you dickwad shorts, don't you see the potential to go up is massive compared to going down? Shorts will never learn.
shorters made insane amounts in 2014-15. holders were throwing money away by taking the safe route. the trouble with humans is that they get married to one mindset and blow it eventually unless they can admit to themselves that the market is doing something they don't want it to. |
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pereira4
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Activity: 1610
Merit: 1183
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February 24, 2017, 12:51:12 AM |
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Shorting is so fucking stupid unless you are George Shoros himself managing insider information, then you could be able to take big shorts, but those guys gambling in such suicidal ways is so insane.
Just buy and hold, you will make massive gains like that alone. Im all about getting rich and taking risks but cmon, shorting bitcoin? bitcoin is only going up you dickwad shorts, don't you see the potential to go up is massive compared to going down? Shorts will never learn.
shorters made insane amounts in 2014-15. holders were throwing money away by taking the safe route. the trouble with humans is that they get married to one mindset and blow it eventually unless they can admit to themselves that the market is doing something they don't want it to. Sure, shorting can work, but what when it doesn't? In regular forex, people can end up in debt, not sure how shorting works in poloniex. Anyway I don't like it, you never know when something will go down, you never know when to stop the short. Buying dips and holding long term is what has worked to me so far. |
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Pseudo-Random
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Activity: 80
Merit: 27
A dream that you had, about being a person.
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February 24, 2017, 02:28:36 AM |
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Shorters made insane amounts in 2014-15. holders were throwing money away by taking the safe route.
The trouble with humans is that they get married to one mindset and blow it eventually unless they can admit to themselves that the market is doing something they don't want it to.
Ah. Finally. Some Non-Bulltard truth  Thank you SuperMario Draghi  |
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