Gold collapsing. Bitcoin UP.

[iCEBREAKER]

lol, wtf. the shorts on finex are still there in their full 11k beauty...?!? wouldn't have thought.

... or they never intend to pay those BTC back ... just settle up in fiat, like has been done on gold futures for the last 20 years  ... gee, noone saw that one coming

anybody stupid enough to lend out BTC for shorting deserves to lose ALL of them.

Bitfinex would have to be in cahoots to allow that.  if they are, they deserve to be shut down.

Maybe the need to paper BTC is the only reason Bitfinex, etc. are allowed to exist.

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[cypherdoc]

volumes exploding all around last few days.  lol, someone knew something big was coming:

[marcus_of_augustus]

Total BTC value (CAP) and number BTC TXS squared excluding popular addresses (with a simple exponential fit line). Data from Blockchain.info.

On current trend of ~4years, CAP ~$100 billion Aug. 2015, $1 Trillion Aug. 2016 (after next halving) ... unless TXS hit some limit.

[cypherdoc]

this is gonna be great.

the shorts are mostly punks who have no idea how much pain Bitcoin can inflict on the upswing.  orders of magnitude type pain.

[justusranvier]

anybody stupid enough to lend out BTC for shorting deserves to lose ALL of them.

...and they probably will.

[thezerg]

anybody stupid enough to lend out BTC for shorting deserves to lose ALL of them.

...and they probably will.

This sort of reasoning and the low rates right now is what makes me think that short lenders are not doing so for interest but to encourage price falling

[marcus_of_augustus]

this is gonna be great.

the shorts are mostly punks who have no idea how much pain Bitcoin can inflict on the upswing.  orders of magnitude type pain.

This thought has crossed my mind more than few times. In the early days of commodity derivative trading there used to be these long periods of flat pricing and then sudden discontinuous events, particularly spot electricity and precious metals. All these massive losses (Enron, LTCM) were be papered over by CB's pumping enough fiat to slosh around and the actual deliverable good had long enough lag time delay on expected delivery.  

Bitcoin is the first digital commodity where immediate delivery is not only expected but immediate fail-to-deliver is a loud market signal of an insolvent counterparty. Futures and derivative markets in a digital commodity available for immediate delivery seem foolhardy, but the massive speculative mania that has engulfed financial markets for the last 30 years on the back of easy fiat money has given rise to any number of hare-brained speculative secondary markets. Bitcoin derivatives could turn out to be the final denouement for the speculative manias, almost like the fiat speculators graveyard.

The proof-of-solvency measures being rolled out by bitcoin counterparties are an interesting phenomena all in themselves.

[cypherdoc]

this is gonna be great.

the shorts are mostly punks who have no idea how much pain Bitcoin can inflict on the upswing.  orders of magnitude type pain.

This thought has crossed my mind more than few times. In the early days of commodity derivative trading there used to be these long periods of flat pricing and then sudden discontinuous events, particularly spot electricity and precious metals. All these massive losses (Enron, LTCM) were be papered over by CB's pumping enough fiat to slosh around and the actual deliverable good had long enough lag time delay on expected delivery.  

Bitcoin is the first digital commodity where immediate delivery is not only expected but immediate fail-to-deliver is a loud market signal of an insolvent counterparty. Futures and derivative markets in a digital commodity available for immediate delivery seem foolhardy, but the massive speculative mania that has engulfed financial markets for the last 30 years on the back of easy fiat money has given rise to any number of hare-brained speculative secondary markets. Bitcoin derivatives could turn out to be the final denouement for the speculative manias, almost like the fiat speculators graveyard.

The proof-of-solvency measures being rolled out by bitcoin counterparties are an interesting phenomena all in themselves.

those exchanges that offer derivatives trading, especially shorting BTC, need to be watched like a hawk.

there should be no cash settlements allowed to take the place of lost BTC.  this would be how naked shorting and market manipulation would occur. 

proof of solvency and reserves should be demanded by the community to root out any shenanigans.

[sidhujag]

Look at how long it took for fincen to go after mt4 bucketshops.. im sure there will be chart and order manipulation aswell as conventional manipulation too.

[User705]

anybody stupid enough to lend out BTC for shorting deserves to lose ALL of them.

...and they probably will.

There's always default.

[blaaaaacksuit]

Hey cypherdoc, what do you think about monero?

[sidhujag]

Hey cypherdoc, what do you think about monero?

Dead in 24h?

[molecular]

i smell Deflation.

investors are going to have to RunToSafety.  where will they go?  gold and silver?  i say NO WAY.

there's only Bitcoin if you want a scarce supply...

Come on, that's too bold to say for a 6bl market.
I sense spculator buys due to good news.

Bitcoin has still some ways to go before it's ready for the truly big move.

I hope the paper empire can kick the can down the road for yet another couple of years. (2-3?)

[molecular]

anybody stupid enough to lend out BTC for shorting deserves to lose ALL of them.

...and they probably will.

There's always default.

No, in this case there isn't. The borrower will be automatically force-liquidated by the platform. Lenders are protected well.

[User705]

anybody stupid enough to lend out BTC for shorting deserves to lose ALL of them.

...and they probably will.

There's always default.

No, in this case there isn't. The borrower will be automatically force-liquidated by the platform. Lenders are protected well.

Unless the platform defaults too.

[_mr_e]

http://finance.yahoo.com/news/bitcoindark-collaborative-network-supernet-bringing-091600138.html

SuperNET already trading at +35% Ico.

[cypherdoc]

https://twitter.com/cypherdoc2/status/514752840061841410

[_mr_e]

Well this is turning into a series of unfortunate events: http://www.coindesk.com/us-banks-announce-ripple-protocol-integration/.

Can't tell if this is good or bad for bitcoin.

[cypherdoc]

Gold collapsing. Bitcoin UP.

[cypherdoc]

Moar Black hole bullshit:

http://online.wsj.com/articles/treasury-bill-yield-tips-into-negative-territory-1411516748