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Author Topic: Warning: How many of you Bears have ever been a victim of a Short Squeeze?  (Read 41043 times)
old_engineer
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October 21, 2011, 01:55:45 AM
 #41

It looks like short squeezes are in play.  Bitcoin low was $2.05 at one point, and at 5:1 leverage, short squeezes could have started happening at $2.46.  Price now at $2.48 and rising...

I'd love to see one happen just for S&G. 


Actually, might one be happening now?  How can you tell for sure?  I would think that you'd see a cascade effect, where one person gets squeezed, which pushes up the price by $0.10, which sets off another short squeeze that pushes up the price further, and which repeaters until all the shorters have been cleaned out?
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October 21, 2011, 01:56:01 AM
 #42

One thing about this dip into the $2.xx range is that it brought out a metric ass-tonne of negative media attention.  It was strange to watch, but suddenly all of the online media called the death of Bitcoin.  If that's not a sign that the bottom is in, I don't know what is.


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October 21, 2011, 01:59:46 AM
 #43

It looks like short squeezes are in play.  Bitcoin low was $2.05 at one point, and at 5:1 leverage, short squeezes could have started happening at $2.46.  Price now at $2.48 and rising...

I'd love to see one happen just for S&G.  



 *grins evily*

  I wouldn't, only because I would feel atleast a little bad for anyone losing money in such a manner.  Though I am not much of a short player in real life game, I prefer my dividend bearing energy stocks that stay at a predictable rate of increase year after year, I definetly would not touch a short on Bitcoin at any where below 4-5 bucks. ever. Its suicide... Now, back when it was on the 16 slope I can be quoted as 'I just wish we had a way to play short on this'(give or take a few letters), and then sure, why not. It was pretty obivous the investor types were growing more and more uncomfortable.

  Cheers

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zhoutong
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October 21, 2011, 02:04:23 AM
 #44

Bitcoinica is not a bucket shop. Our volume at Mt. Gox is over 300,000 BTC for the past 30 days. More than 60% of Bitcoinica trades have been hedged.

"As defined by the U.S. Supreme Court a Bucket shop is "[a]n establishment, nominally for the transaction of a stock exchange business, or business of similar character, but really for the registration of bets, or wagers, usually for small amounts, on the rise or fall of the prices of stocks, grain, oil, etc., there being no transfer or delivery of the stock or commodities nominally dealt in."(from wikipedia)

If 60% of trades are hedged - ie, the underlying security is transferred - then it's only 40% bucket shop?  I'm no expert, but I think anything over 0%, and you would be considered a bucket shop for regulatory purposes.

The rest is transferred between users internally.

Bitcoinica is 0% bucket shop.

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October 21, 2011, 02:09:43 AM
 #45

LOL!  well it took all of 2d to get the short squeeze going.  CHARGE!!!!
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October 21, 2011, 02:12:12 AM
 #46

This rally is BS...

(BFL)^2 < 0
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October 21, 2011, 02:15:22 AM
 #47

let me make you aware of other developments going on in the general economy that most of you here who don't study economics like i do aren't aware of that will promote more USD movement into Bitcoin:

1.  the USD has resumed its fall which will lead to a resumption of speculation into stocks, commodities and Bitcoin. 
2.  we are seeing a rise in the stock market despite all of the bad news b/c the risk on trades are resuming
3.  there is a US Treasury selloff occurring which is generational.  this is going to free up trillions of USD's that have to move into other investments.
4.  gold and silver are faltering as well and will be a source of new USD's looking to move into the next big trade:  Bitcoin.

the SHORT SQUEEZE is here.

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October 21, 2011, 02:17:32 AM
 #48

Honestly, the Bitcoin community is still very much an insular geek village.  That'll change but not now, not yet.  The current "rally" is clearly the manipulator.

(BFL)^2 < 0
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October 21, 2011, 02:17:56 AM
 #49

Short squeeze is on?

Fantastic little bitcoin bot fight on MtGox at the moment.  Rapid fire trades with large swings every second.  My bot made 25 profitable trades during that time.  Keep it up  Cheesy

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October 21, 2011, 02:19:11 AM
 #50

This rally is BS...

i truly hope you're short.  hold onto those shorts please; the pain will stop soon (maybe).
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October 21, 2011, 02:24:19 AM
 #51

Bitcoinica is not a bucket shop. Our volume at Mt. Gox is over 300,000 BTC for the past 30 days. More than 60% of Bitcoinica trades have been hedged.

"As defined by the U.S. Supreme Court a Bucket shop is "[a]n establishment, nominally for the transaction of a stock exchange business, or business of similar character, but really for the registration of bets, or wagers, usually for small amounts, on the rise or fall of the prices of stocks, grain, oil, etc., there being no transfer or delivery of the stock or commodities nominally dealt in."(from wikipedia)

If 60% of trades are hedged - ie, the underlying security is transferred - then it's only 40% bucket shop?  I'm no expert, but I think anything over 0%, and you would be considered a bucket shop for regulatory purposes.

The rest is transferred between users internally.

Bitcoinica is 0% bucket shop.

i would advise you to keep a VERY tight leash on all those kids shorting Bitcoin.  if you don't they could take your exchange down.
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October 21, 2011, 02:29:01 AM
 #52

Honestly, the Bitcoin community is still very much an insular geek village.  That'll change but not now, not yet.  The current "rally" is clearly the manipulator.

you clearly don't understand WHO is here along with how much money they have.

all it takes is one or two millionaires to jam this market much higher.
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October 21, 2011, 02:47:08 AM
 #53

i just want short sellers to realize that a short squeeze is a predatory manipulation meant to kill the short seller.  if there's money to be made doing it, it will happen.  and right now, there are alot of people offsides.

There's not enough benefit in this. Most short sellers were shorting since long ago. One of my customers has already made 230% profit. The recent crash only induced more long positions.

Short sellers are far from being liquidated because they have a lot of profits to back their positions.


these people with supposed large short selling profits are the first one's to cover out of fear.  mostly b/c they're the smartest and aren't willing to give back the money.  they in turn will drag all the weak handed shorts into covering as well creating a slaughter of enormous proportions.  Bitcoinica needs to be careful.
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October 21, 2011, 02:48:39 AM
 #54

the USD is weakening as we speak in after hours trading.  that means USD leverage is looking for a place to go.
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October 21, 2011, 02:52:31 AM
 #55

LOL!.  Zhoutong is going to liquidate all of your short selling accounts w/o notice. he can't afford to consult you about it as the price rises.  its either you or him   Cheesy
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October 21, 2011, 03:10:56 AM
 #56

the USD is weakening as we speak in after hours trading.  that means USD leverage is looking for a place to go.

  Aye, same thing in the Asian markets too right? I know they arn't buying lower end metal commodities today....

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
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October 21, 2011, 04:40:49 AM
 #57



Looks like the rally to $2.70+ is fizzling.

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October 21, 2011, 05:36:35 AM
 #58

One thing about this dip into the $2.xx range is that it brought out a metric ass-tonne of negative media attention.  It was strange to watch, but suddenly all of the online media called the death of Bitcoin.  If that's not a sign that the bottom is in, I don't know what is.



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October 21, 2011, 07:01:37 AM
 #59

Looks like it's over.  Wrong timing and wrong scale is my take.  Cleaned out a handful of wet-behind-the-ears starters maybe, but only big enough to instill a bit of caution into the majority of potential victims.

Now maybe we'll head down deep into the $1.nn's, and wait for the next go-around (and hopefully the last one in this phase.)


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October 21, 2011, 11:30:59 AM
 #60

cypherdoc, Bitcoin is pretty much tied to the USD at the moment.. if people want to get away from the USD why buy bitcoin?  If I buy X amount of bitcoins with AUD and the USD falls, my bitcoins will buy back less AUD (because the exchange rate is based on the USD/AUD exchange rate)

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