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RobertDJ
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November 13, 2014, 05:05:03 AM |
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Bitfinex prices on BTC are $468 right now versus $449 on Bitstamp. Seems a bit odd? Are leveraged bulls really that eager?
It could very well be a short squeeze as people with short positions have been forced to cover their position. Arbitrage will likely cause the difference in price to decline |
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fewcoins
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November 13, 2014, 05:59:17 AM |
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Short interest is the same due to margin calls... The sell off will resume before the weekend, I am opening shorts, all long positions closed.
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molecular
Donator
Legendary
 Offline
Activity: 2772
Merit: 1019
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November 13, 2014, 06:24:00 AM |
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Bitfinex prices on BTC are $468 right now versus $449 on Bitstamp. Seems a bit odd? Are leveraged bulls really that eager?
It could very well be a short squeeze as people with short positions have been forced to cover their position. Arbitrage will likely cause the difference in price to decline I agree, short squeeze related. I think arbitrage will reduce the difference, but Bitfinex has been really leading this really, and I don't see an end in sight because short interest appears to still be the same. appears to me the rally is china-led. bitfinex is just able to follow faster due to the USD swap market. |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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RobertDJ
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November 13, 2014, 06:25:20 AM |
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Bitfinex prices on BTC are $468 right now versus $449 on Bitstamp. Seems a bit odd? Are leveraged bulls really that eager?
It could very well be a short squeeze as people with short positions have been forced to cover their position. Arbitrage will likely cause the difference in price to decline I agree, short squeeze related. I think arbitrage will reduce the difference, but Bitfinex has been really leading this really, and I don't see an end in sight because short interest appears to still be the same. appears to me the rally is china-led. bitfinex is just able to follow faster due to the USD swap market. China led? Do you have any evidence to support this? It appears that bitfinex may actually be leading the rally as it's price is above that of other exchanges |
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lay785
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November 13, 2014, 06:27:59 AM |
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Bitfinex prices on BTC are $468 right now versus $449 on Bitstamp. Seems a bit odd? Are leveraged bulls really that eager?
It could very well be a short squeeze as people with short positions have been forced to cover their position. Arbitrage will likely cause the difference in price to decline I agree, short squeeze related. I think arbitrage will reduce the difference, but Bitfinex has been really leading this really, and I don't see an end in sight because short interest appears to still be the same. appears to me the rally is china-led. bitfinex is just able to follow faster due to the USD swap market. China led? Do you have any evidence to support this? It appears that bitfinex may actually be leading the rally as it's price is above that of other exchanges okcoin price is way higher. |
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lay785
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November 13, 2014, 06:49:06 AM |
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Bitfinex prices on BTC are $468 right now versus $449 on Bitstamp. Seems a bit odd? Are leveraged bulls really that eager?
It could very well be a short squeeze as people with short positions have been forced to cover their position. Arbitrage will likely cause the difference in price to decline I agree, short squeeze related. I think arbitrage will reduce the difference, but Bitfinex has been really leading this really, and I don't see an end in sight because short interest appears to still be the same. appears to me the rally is china-led. bitfinex is just able to follow faster due to the USD swap market. China led? Do you have any evidence to support this? It appears that bitfinex may actually be leading the rally as it's price is above that of other exchanges okcoin price is way higher. True, but I wouldn't say "way higher" just about $8-$9 higher. Currently Bitfinex is at $462.5, and OkCoin is at $470.5. Almost the same difference on normal days between Bitstamp and BTC-e ... so I don't think this difference makes it any clearer whether it's OkCoin or Bitfinex leading. During the day it was more like a $15-20 difference. |
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dontCAREhair
Member
Offline
Activity: 119
Merit: 100
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November 13, 2014, 06:56:00 AM |
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Bitfinex prices on BTC are $468 right now versus $449 on Bitstamp. Seems a bit odd? Are leveraged bulls really that eager?
It could very well be a short squeeze as people with short positions have been forced to cover their position. Arbitrage will likely cause the difference in price to decline I agree, short squeeze related. I think arbitrage will reduce the difference, but Bitfinex has been really leading this really, and I don't see an end in sight because short interest appears to still be the same. appears to me the rally is china-led. bitfinex is just able to follow faster due to the USD swap market. China led? Do you have any evidence to support this? It appears that bitfinex may actually be leading the rally as it's price is above that of other exchanges okcoin price is way higher. True, but I wouldn't say "way higher" just about $8-$9 higher. Currently Bitfinex is at $462.5, and OkCoin is at $470.5. Almost the same difference on normal days between Bitstamp and BTC-e ... so I don't think this difference makes it any clearer whether it's OkCoin or Bitfinex leading. During the day it was more like a $15-20 difference. A $20 difference is only ~0.45% difference which is less then the trading fee you would pay to trade on both exchanges so people will not attempt to arbitrage this difference and the difference is small enough to be statistically irrelevant. |
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lay785
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November 13, 2014, 06:57:32 AM |
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Bitfinex prices on BTC are $468 right now versus $449 on Bitstamp. Seems a bit odd? Are leveraged bulls really that eager?
It could very well be a short squeeze as people with short positions have been forced to cover their position. Arbitrage will likely cause the difference in price to decline I agree, short squeeze related. I think arbitrage will reduce the difference, but Bitfinex has been really leading this really, and I don't see an end in sight because short interest appears to still be the same. appears to me the rally is china-led. bitfinex is just able to follow faster due to the USD swap market. China led? Do you have any evidence to support this? It appears that bitfinex may actually be leading the rally as it's price is above that of other exchanges okcoin price is way higher. True, but I wouldn't say "way higher" just about $8-$9 higher. Currently Bitfinex is at $462.5, and OkCoin is at $470.5. Almost the same difference on normal days between Bitstamp and BTC-e ... so I don't think this difference makes it any clearer whether it's OkCoin or Bitfinex leading. During the day it was more like a $15-20 difference. A $20 difference is only ~0.45% difference which is less then the trading fee you would pay to trade on both exchanges so people will not attempt to arbitrage this difference and the difference is small enough to be statistically irrelevant. more like 4.5% -- thats alot! |
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dontCAREhair
Member
Offline
Activity: 119
Merit: 100
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November 13, 2014, 07:00:25 AM |
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Bitfinex prices on BTC are $468 right now versus $449 on Bitstamp. Seems a bit odd? Are leveraged bulls really that eager?
It could very well be a short squeeze as people with short positions have been forced to cover their position. Arbitrage will likely cause the difference in price to decline I agree, short squeeze related. I think arbitrage will reduce the difference, but Bitfinex has been really leading this really, and I don't see an end in sight because short interest appears to still be the same. appears to me the rally is china-led. bitfinex is just able to follow faster due to the USD swap market. China led? Do you have any evidence to support this? It appears that bitfinex may actually be leading the rally as it's price is above that of other exchanges okcoin price is way higher. True, but I wouldn't say "way higher" just about $8-$9 higher. Currently Bitfinex is at $462.5, and OkCoin is at $470.5. Almost the same difference on normal days between Bitstamp and BTC-e ... so I don't think this difference makes it any clearer whether it's OkCoin or Bitfinex leading. During the day it was more like a $15-20 difference. A $20 difference is only ~0.45% difference which is less then the trading fee you would pay to trade on both exchanges so people will not attempt to arbitrage this difference and the difference is small enough to be statistically irrelevant. more like 4.5% -- thats alot! Actually you are correct. My mistake  It has declined because people have attempted to arbitrage the difference in prices, however this ability is limited because it takes time to get fiat to bitfinex so you cannot instantly buy unlimited amounts of coins there. |
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myself
Legendary
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Activity: 938
Merit: 1000
chaos is fun...…damental :)
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November 13, 2014, 12:59:36 PM |
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 no more usd left |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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thezerg
Legendary
Offline
Activity: 1246
Merit: 1010
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November 13, 2014, 02:38:24 PM |
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LENDS USD
[{"rate":"46.2151","amount_lent":"25354183.99377569","timestamp":1415885681},{"rate":"45.7134","amount_lent":"25422973.86967759","timestamp":1415882100},{"rate":"39.9417","amount_lent":"24432063.05490754","timestamp":1415878490},{"rate":"34.49","amount_lent":"24085149.57999484","timestamp":1415874884},{"rate":"35.7464","amount_lent":"24291518.14652401","timestamp":1415871278},{"rate":"33.5533","amount_lent":"24342285.21627311","timestamp":1415867672},{"rate":"30.4738","amount_lent":"23587827.13128288","timestamp":1415864068},{"rate":"25.7434","amount_lent":"23928948.68797412","timestamp":1415860460},{"rate":"25.6673","amount_lent":"23723413.35155323","timestamp":1415856884},{"rate":"25.6432","amount_lent":"23929920.01964789","timestamp":1415853271}]
LENDS BTC
[{"rate":"4.8502","amount_lent":"12568.03336489","timestamp":1415885681},{"rate":"4.8727","amount_lent":"12608.08275801","timestamp":1415882100},{"rate":"4.9394","amount_lent":"12870.89775182","timestamp":1415878490},{"rate":"4.9786","amount_lent":"13203.39990871","timestamp":1415874884},{"rate":"4.9615","amount_lent":"12661.98324934","timestamp":1415871278},{"rate":"4.9907","amount_lent":"11378.57944459","timestamp":1415867672},{"rate":"5.0565","amount_lent":"11023.38351994","timestamp":1415864068},{"rate":"5.1834","amount_lent":"11530.52328282","timestamp":1415860460},{"rate":"5.255","amount_lent":"11662.64626497","timestamp":1415856884},{"rate":"5.2564","amount_lent":"11489.9390798","timestamp":1415853271}]
CURRENT BTC OFFERS
APR (daily): Amount
4.161000 (0.011400): 1.813832
4.161000 (0.011400): 0.117180
4.161000 (0.011400): 2.585825
4.197500 (0.011500): 10.000000
4.197500 (0.011500): 0.429321
4.380000 (0.012000): 16.803522
4.562500 (0.012500): 3.741487
4.671900 (0.012800): 1.041360
4.671900 (0.012800): 0.314970
4.672000 (0.012800): 50.000000
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fewcoins
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November 13, 2014, 05:55:27 PM |
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no more usd left Oh noooooo THis is what leads to a sharp correction!  |
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nrd525
Legendary
Offline
Activity: 1867
Merit: 1023
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November 14, 2014, 12:08:32 AM |
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Credit bubble is back on.
My old theory: high rates attract lenders. If we see sustained rates of 0.15%-0.20%/day, we'll see a dramatic increase in swap available.
Some people who had auto-renewal FRR might have turned it off and are waiting to get their money back before they set new rates. So this will withhold swap from the market for short periods.
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Digital Gold for Gamblers and True Believers
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Hunyadi
Legendary
Offline
Activity: 1281
Merit: 1000
☑ ♟ ☐ ♚
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November 18, 2014, 04:43:58 PM |
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Total sum of active swaps
BTC 11,784.20 BTC
BTC 12,164.61 BTC  BTC 13,742.21 BTC BTC 6,094.28 BTC  |
▂▃▅▇█▓▒░B**-Cultist░▒▓█▇▅▃▂
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RoadTrain
Legendary
Offline
Activity: 1386
Merit: 1009
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November 18, 2014, 06:13:49 PM |
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It seems that this retracement was good for shorters  What I noticed is that short positions are a lot more dynamic than the long ones. |
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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November 18, 2014, 07:10:11 PM |
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It seems that this retracement was good for shorters What I noticed is that short positions are a lot more dynamic than the long ones. You would be insane to short long term in this market. |
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RoadTrain
Legendary
Offline
Activity: 1386
Merit: 1009
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November 18, 2014, 09:40:49 PM |
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It seems that this retracement was good for shorters What I noticed is that short positions are a lot more dynamic than the long ones. You would be insane to short long term in this market. That's right, but holding leveraged long positions no matter what does seem strange to me. If I want to have long-term position, I'm simply buying coins (no leverage) so that I'm not stopped out  |
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molecular
Donator
Legendary
Offline
Activity: 2772
Merit: 1019
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November 19, 2014, 06:59:10 AM |
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It seems that this retracement was good for shorters What I noticed is that short positions are a lot more dynamic than the long ones. You would be insane to short long term in this market. That's right, but holding leveraged long positions no matter what does seem strange to me. If I want to have long-term position, I'm simply buying coins (no leverage) so that I'm not stopped out That's prudent. Not everyone is prudent, it seems. |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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arbitrage001
Legendary
Offline
Activity: 1067
Merit: 1000
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November 19, 2014, 08:42:11 AM |
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It seems that this retracement was good for shorters What I noticed is that short positions are a lot more dynamic than the long ones. You would be insane to short long term in this market. Some traders short the coin to hedge the interest rate. If coin price spike up, so too will the interest rate. If price goes down, they profit from short when the daily rate is down. Anyway, anyone who short on every spike for the last few 9 months did very well compare to perma bull or perma bear. |
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Eisenhower34
Legendary
Offline
Activity: 906
Merit: 1002
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November 21, 2014, 03:49:52 AM |
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It seems that this retracement was good for shorters What I noticed is that short positions are a lot more dynamic than the long ones. You would be insane to short long term in this market. That's right, but holding leveraged long positions no matter what does seem strange to me. If I want to have long-term position, I'm simply buying coins (no leverage) so that I'm not stopped out If you have a leveraged position then you will potentially have a higher reward when the price spikes, and considering that most people with leveraged positions are short term traders, a bet on the price moving significantly in the direction of the direction that the trader is assuming bitcoin will move in is assumed to be somewhat leveraged |
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