This Bitfinex Credit Bubble cannot end well

[minerpumpkin]

I agree, bears seem to get cautious now. If the market is undecided which way to go, it's your best bet to wait until it tilts to one side and then place your bets. If it isn't a bear-/bull-trap, you're most safe this way

At no time in the recent past did we see bears thinking twice about their moves and/or s(ing)tfu about it while staying quiet and seeing what happens prior to now. Troll extraordinaires have subsided unlike any other times in the past which means something is brewing.

Well, I don't know... Sure, there are a ton of trolls and naysayers around here. But there are a lot of reasonable traders that are merely bearish (at a specific time) because it is more profitable being so. They know perfectly well (maybe even better than bulls) when to turn bullish again.

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[ensurance982]

I think regardless of which way it goes, it should also be something to ask yourself about the technology behind it.

Which often people forget about, and that its a huge change in the financial game. Its going to be used for something, the direction of bitcoin is been deciding from day to day use, commodity, or other acceptable ventures.

We simply don't know whether it really will be used for something. Right now it is being used for some online transactions, gambling, and for speculating, and investing. There's nothing wrong with an "investing/speculating" asset, but it's not a given that it will be ever be anything more than that.

[gotmilk_]

I know that swaps are not even near ATH but fact that there was not that much swaps during the last run to 500$ as right now... is a bit worry? Amount of shorts is crazy low.

Currency   Flash Return   Total amount used in margin positions
USD           0.0429%       24,017,220.05
BTC            0.0095%       6,509.44

[gijoes]

Amount of shorts is crazy low.

Not really. It's around the same level as it was following a massive short squeeze during the $500 spike. So, after the spike bearish traders reopened some of their shorts hoping for a drop sub-300. As this didn't materialize, they closed the positions at the first sign of market strength. Leaving only 8K strategic short positions of deep-pocketed mega-bears.