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Bigpiggy01 (OP)
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January 26, 2012, 01:38:14 PM |
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Looks like bitcoinica is running low on shorts judging by that asterisk  We all know what that means  Squeeze or get raped  |
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Bigpiggy01 (OP)
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January 26, 2012, 01:55:02 PM |
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wont show up until 5.8 Ummm DOUH! It's been on and off for the last hour or so  |
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CombustibleLemon
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Activity: 34
Merit: 0
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January 26, 2012, 02:25:55 PM |
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So you're theorizing that bitcoinica is running low on coins to short with, so soon there will be an upwards correction?
Or am I interpreting wrong and your opinion is that bitcoinica is running low on coins to short with which will lead to liquidations that will further short the market?
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teflone
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January 26, 2012, 05:44:42 PM |
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Double starfish...
lemmings
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Vandroiy
Legendary
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Activity: 1036
Merit: 1002
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January 26, 2012, 11:27:14 PM |
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Watch out.
Look at the book depth, Bitcoinica volume and where the mad fluctuations were. You might be just one wall away from destruction. And this time, people will not jump back to business. The fluctuations on the star and rarity of the sudden spikes seem to show they're exactly at their limit.
Seriously, if someone big dumps now, it might just be the Judgment Day for the margin trading madness.
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Cluster2k
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Activity: 1692
Merit: 1018
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January 26, 2012, 11:31:25 PM |
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Seriously, if someone big dumps now, it might just be the Judgment Day for the margin trading madness.
Let's hope it happens soon. The less leveraged gamblers in the system, the better. |
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Vandroiy
Legendary
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Activity: 1036
Merit: 1002
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January 27, 2012, 12:15:03 AM |
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Seriously, if someone big dumps now, it might just be the Judgment Day for the margin trading madness.
Let's hope it happens soon. The less leveraged gamblers in the system, the better. I too would like to see less of the jumpy margin trading. But this one might hurt. The recovery from the last one was paid by re-enabling the leverage, this is unlikely to work again. Are people really aware just what kind of chaos this may cause? It should never have come to this. Look at it. Order book down below 32k to 5 USD, Bitcoinica still maxed on longs, many of which started close to 6! Guys, no offense, but what the hell are you doing? Some part of the guys must liquidate before a big holder notices, or else... well I have no idea what will happen, you try to figure out feedback between a panic, Zhoutongs funky algorithms and a random huge BTC player plotting whatever arbitrary idea he might have at the moment! |
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N12
Donator
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Activity: 1610
Merit: 1010
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January 27, 2012, 12:17:30 AM |
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Some part of the guys must liquidate before a big holder notices, or else...
I hope this doesn’t happen, or else it these situations will occur again. We need to purge the Bitcoin market of leverage and huge ask piles for it to move forward. I’m sick of the influence Bitcoinica has on this market. |
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Bigpiggy01 (OP)
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January 27, 2012, 12:35:59 AM |
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I’m sick of the influence Bitcoinica has on this market. +1 After Zhoutong stated publicly that he doesn't hedge all trades (bucket shopping big time) I decided to GTFO atm I just use it as a contrary indicator. |
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teflone
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January 27, 2012, 12:45:01 AM |
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I’m sick of the influence Bitcoinica has on this market. +1 After Zhoutong stated publicly that he doesn't hedge all trades (bucket shopping big time) I decided to GTFO atm I just use it as a contrary indicator. +1 Yup, buckets and bolts.. |
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Dutch Merganser
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Activity: 84
Merit: 10
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January 28, 2012, 01:54:47 AM |
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ppl who started long at 6 should buy more at this price to decrease their base price and on same time deposit more USD/BTC
Yeah, do that. |
"Science flies you to the Moon, religion flies you into buildings."
- Victor Stenger
"Religion is regarded by the common people as true, by the wise as false, and the rulers as useful."
- Seneca the Elder (ca. 54 BCE - ca. 39 CE) Roman rhetorician
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Oldminer
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Activity: 1022
Merit: 1001
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January 28, 2012, 02:04:21 AM |
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ppl who started long at 6 should buy more at this price to decrease their base price and on same time deposit more USD/BTC
Yea thats it keep feeding the monster until it turns round and bites you in the ass |
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