the short of a lifetime

[nrd525]

For that matter, how about selling 100 TH1 in the first tranch in a market that had no bid depth?
I'm speculating as it is possible that there was some bid depth - but I'm confused at to what price they sold the original 100 TH1.  Maybe they slowly released them as the initial price was very high.

[1715091517]

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[1715091517]

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[1715091517]

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[grappa_barricata]

For that matter, how about selling 100 TH1 in the first tranch in a market that had no bid depth?
I'm speculating as it is possible that there was some bid depth - but I'm confused at to what price they sold the original 100 TH1.  Maybe they slowly released them as the initial price was very high.

They started selling at around 2.0. You can see the trade history here (it is in json format).

They sold the first branch mostly with limit orders. The 'shady' second branch: they are still selling it. But from 1.9 to 1.2 it was virtually all market sell orders.

And, want to say this again, the shady sell started before the announcement. Not after, as they seems to imply in the announcement.

[myself]

good profits for a 24h short   

[lg1500]

i predicting flash dump for th1 for something like 30-50 %,, 1.30 --->0.65-1 btc,
just like from 2--->1 and just like everytime one cex.io

[lg1500]

th1 dump begin 1 hour ago, now still chance to sell you th1 high

This is not margin selling with using swap, this is normal Exchange sell TH1, this mean big dump, i think 0.7 low


marketmaker trying to sell so much th1 what he can, then will dump prize to 0.7-0.8 i think
1.281 10 th1 looks like marketmaker buy order, sell into it if you dont want lost on flashdump

[myself]

good profits for a 24h short  

why anyone still has a short after this post is still strange to me


I dont want to be extremely rude but those who are still short are not very smart some even send me private messages and asking why they got short squeezed (people on IRC and chatzy got me warning from day one if anyone lost money you fucking deserve it )

lets do this like for kinder-garden
I= people who went against the short size not need to be me

1. maximum contract available to short 10 contracts
2. I place a bid for 10 contracts at 1 BTC per contract
3. you short all the 10 contracts
4. now I have to spend 2 more BTC to squeeze you out so I place a bid for 1 contract at the price of 2 BTC/contract
5. now you got a margin call and lose money since I am the only one who can sell the contract for you to close your short I can sell it at 3 BTC/contract at this price the short loses are over 100%

so will anyone use 12 BTC to earn at least 10 BTC ? hell yeah

the pool have a maximum 3500 TH so even if Bitfinex add all the hashing power I will need 3502 BTC squeeze the short side and earn at least 3500 BTC  

the only way this type of contract can work is if the total short side is = to the total mined bitcoins = 13,39 millions so there is no way in hell for the bid/long side squeeze the short side


now what ?

if you made money on this contract take your money out just like precaution if bitfinex will reverse or cancel the contract  

if you lost money on this contract well you kinda deserve it, this is a type of exotic contract so you can argue in front of consumer protection that is not suited for you, (lol) but that's likely to be just a lose of time and you will have to take it in the ass  


next time when you have money to spend on garbage try http://nycgarbage.com/ i dont earn any money from that but is kinda cool to sell actual trash  

 

[fdiini]

Reason why the mining contract should operate like a future contract where anyone can create without having to borrow. They only need to pay dividend.

Then the short squeeze tactics described above will not work.

[nrd525]

good profits for a 24h short  

why anyone still has a short after this post is still strange to me


I dont want to be extremely rude but those who are still short are not very smart some even send me private messages and asking why they got short squeezed (people on IRC and chatzy got me warning from day one if anyone lost money you fucking deserve it )

lets do this like for kinder-garden
I= people who went against the short size not need to be me

1. maximum contract available to short 10 contracts
2. I place a bid for 10 contracts at 1 BTC per contract
3. you short all the 10 contracts
4. now I have to spend 2 more BTC to squeeze you out so I place a bid for 1 contract at the price of 2 BTC/contract
5. now you got a margin call and lose money since I am the only one who can sell the contract for you to close your short I can sell it at 3 BTC/contract at this price the short loses are over 100%

so will anyone use 12 BTC to earn at least 10 BTC ? hell yeah

the pool have a maximum 3500 TH so even if Bitfinex add all the hashing power I will need 3502 BTC squeeze the short side and earn at least 3500 BTC  

the only way this type of contract can work is if the total short side is = to the total mined bitcoins = 13,39 millions so there is no way in hell for the bid/long side squeeze the short side


now what ?

if you made money on this contract take your money out just like precaution if bitfinex will reverse or cancel the contract  

if you lost money on this contract well you kinda deserve it, this is a type of exotic contract so you can argue in front of consumer protection that is not suited for you, (lol) but that's likely to be just a lose of time and you will have to take it in the ass  


next time when you have money to spend on garbage try http://nycgarbage.com/ i dont earn any money from that but is kinda cool to sell actual trash  

 

Turns out you were wrong. The risk was a swap rate squeeze not a short squeeze.  You still haven't figured this out?

[myself]

Turns out you were wrong. The risk was a swap rate squeeze not a short squeeze.  You still haven't figured this out?

i said

lets do this like for kinder-garden

I am perfectly aware that if cost of holding a short > price change the shorts will lose money and the price dont need to go up for the short side to lose money just need to stay constant and the price it did stay constant from 17/09/2014 until Bitfinex started to send emails