wcoenen (OP)
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Activity: 1
Merit: 0
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February 02, 2012, 10:58:59 PM
Last edit: November 20, 2013, 10:44:27 PM by wcoenen |
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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February 02, 2012, 11:37:10 PM |
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You sold everything right? I sold it all and I'm short in a big way. Can't wait for the giant long squeeze.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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February 03, 2012, 12:16:40 AM |
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You sold everything right? I sold it all and I'm short in a big way. Can't wait for the giant long squeeze.
 the market i trade at, is at selling coins at 5.89700CAD..... I'm hoping mtgox will hold 6$ for long enough for the Canadain Virtual Exchange to catch up... but i dont see a giant long squeeze happening, if i manage to sell at 6$ I'll be buying back at the first sign of trouble. |
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teflone
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February 03, 2012, 12:19:53 AM |
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You sold everything right? I sold it all and I'm short in a big way. Can't wait for the giant long squeeze.
the market i trade at, is at selling coins at 5.89700CAD..... I'm hoping mtgox will hold 6$ for long enough for the Canadain Virtual Exchange to catch up... but i dont see a giant long squeeze happening, if i manage to sell at 6$ I'll be buying back at the first sign of trouble. Virtex is hilarious eh ? |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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February 03, 2012, 12:24:59 AM |
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You sold everything right? I sold it all and I'm short in a big way. Can't wait for the giant long squeeze.
the market i trade at, is at selling coins at 5.89700CAD..... I'm hoping mtgox will hold 6$ for long enough for the Canadain Virtual Exchange to catch up... but i dont see a giant long squeeze happening, if i manage to sell at 6$ I'll be buying back at the first sign of trouble. Virtex is hilarious eh ? ya I've been looking into getting setup with a Mtgox account and doing some buying / selling across the two exchanges... sometimes we are 30 cents under or 30 cents over |
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teflone
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February 03, 2012, 12:26:32 AM |
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You sold everything right? I sold it all and I'm short in a big way. Can't wait for the giant long squeeze.
the market i trade at, is at selling coins at 5.89700CAD..... I'm hoping mtgox will hold 6$ for long enough for the Canadain Virtual Exchange to catch up... but i dont see a giant long squeeze happening, if i manage to sell at 6$ I'll be buying back at the first sign of trouble. Virtex is hilarious eh ? ya I've been looking into getting setup with a Mtgox account and doing some buying / selling across the two exchanges... sometimes we are 30 cents under or 30 cents over Shhhhhh...  Actaully, the problem with virtex is getting money into it quickly.. takes 3 days on average.. |
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Sitarow
Legendary
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Activity: 1792
Merit: 1047
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February 03, 2012, 01:45:30 AM |
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You sold everything right? I sold it all and I'm short in a big way. Can't wait for the giant long squeeze.
the market i trade at, is at selling coins at 5.89700CAD..... I'm hoping mtgox will hold 6$ for long enough for the Canadain Virtual Exchange to catch up... but i dont see a giant long squeeze happening, if i manage to sell at 6$ I'll be buying back at the first sign of trouble. Virtex is hilarious eh ? ya I've been looking into getting setup with a Mtgox account and doing some buying / selling across the two exchanges... sometimes we are 30 cents under or 30 cents over Shhhhhh... Actaully, the problem with virtex is getting money into it quickly.. takes 3 days on average.. well I appreciate those selling into my buy positions. |
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Seal
Donator
Hero Member
Offline
Activity: 849
Merit: 1078
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February 04, 2012, 11:40:54 PM |
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You sold everything right? I sold it all and I'm short in a big way. Can't wait for the giant long squeeze.
the market i trade at, is at selling coins at 5.89700CAD..... I'm hoping mtgox will hold 6$ for long enough for the Canadain Virtual Exchange to catch up... but i dont see a giant long squeeze happening, if i manage to sell at 6$ I'll be buying back at the first sign of trouble. Virtex is hilarious eh ? ya I've been looking into getting setup with a Mtgox account and doing some buying / selling across the two exchanges... sometimes we are 30 cents under or 30 cents over Time to arbitrage the hell outta that margin!! |
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Blind
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February 05, 2012, 12:37:20 AM |
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You sold everything right? I sold it all and I'm short in a big way. Can't wait for the giant long squeeze.
the market i trade at, is at selling coins at 5.89700CAD..... I'm hoping mtgox will hold 6$ for long enough for the Canadain Virtual Exchange to catch up... but i dont see a giant long squeeze happening, if i manage to sell at 6$ I'll be buying back at the first sign of trouble. Virtex is hilarious eh ? ya I've been looking into getting setup with a Mtgox account and doing some buying / selling across the two exchanges... sometimes we are 30 cents under or 30 cents over Time to arbitrage the hell outta that margin!! It's not that great if you factor everything in. Potential profit varies between 1%-2.5%, but usually is about 1.5%. Right now there is arbitrage opportunity and chance to make ~$150 (1.74%), but you would have to sell ~1,440 BTC worth ~$8,600. In the meantime market could move against you, and you'd have no chance of buying back since other exchanges are way smaller than Gox. Fees are too high to transfer fiat. |
Government is not the solution to our problem. Government is the problem. -- Ronald Reagan
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teflone
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February 05, 2012, 12:51:05 AM |
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You sold everything right? I sold it all and I'm short in a big way. Can't wait for the giant long squeeze.
the market i trade at, is at selling coins at 5.89700CAD..... I'm hoping mtgox will hold 6$ for long enough for the Canadain Virtual Exchange to catch up... but i dont see a giant long squeeze happening, if i manage to sell at 6$ I'll be buying back at the first sign of trouble. Virtex is hilarious eh ? If you say so.. ya I've been looking into getting setup with a Mtgox account and doing some buying / selling across the two exchanges... sometimes we are 30 cents under or 30 cents over Time to arbitrage the hell outta that margin!! It's not that great if you factor everything in. Potential profit varies between 1%-2.5%, but usually is about 1.5%. Right now there is arbitrage opportunity and chance to make ~$150 (1.74%), but you would have to sell ~1,440 BTC worth ~$8,600. In the meantime market could move against you, and you'd have no chance of buying back since other exchanges are way smaller than Gox. Fees are too high to transfer fiat. |
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da2ce7
Legendary
Offline
Activity: 1222
Merit: 1016
Live and Let Live
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February 05, 2012, 03:36:24 AM |
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I'm all setup to catch this falling knife, picking up some cheap bitcoin  |
One off NP-Hard.
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notme
Legendary
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Activity: 1904
Merit: 1002
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February 06, 2012, 12:21:46 AM |
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Op never said it would be a long squeeze...
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kjlimo
Legendary
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Activity: 2086
Merit: 1031
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February 09, 2012, 03:47:33 AM |
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Could someone elaborate on what a "long squeeze" is? Is that a long period of decreasing price? Or is it a quick drop and hover at a low price?
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notme
Legendary
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Activity: 1904
Merit: 1002
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February 09, 2012, 03:54:01 AM |
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Could someone elaborate on what a "long squeeze" is? Is that a long period of decreasing price? Or is it a quick drop and hover at a low price?
A drop that force-liquidates leveraged longs. |
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kjlimo
Legendary
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Activity: 2086
Merit: 1031
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February 09, 2012, 04:00:56 AM |
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Could someone elaborate on what a "long squeeze" is? Is that a long period of decreasing price? Or is it a quick drop and hover at a low price?
A drop that force-liquidates leveraged longs. Gotcha, that sounds familiar now. Thanks! |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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February 09, 2012, 04:04:33 AM |
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Could someone elaborate on what a "long squeeze" is? Is that a long period of decreasing price? Or is it a quick drop and hover at a low price?
A drop that force-liquidates leveraged longs. if their is a lot of people on bitcoinia that hold week long positions, and the market drops enough to liquidate a few of them, this causes the market to drop a little more which might be enoght liquidate even more longs, again this makes the market drop, this snowball effect is known as a "long squeeze". this happened on the 18th last month:  it was a very good day for bitcoin |
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