cypherdoc
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January 30, 2013, 09:02:02 PM |
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lol
adam? Please define the term "selling".
to sell.
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creativex
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January 30, 2013, 09:04:21 PM |
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Anyway it's pretty clear he isn't "shorting" as most of us would define it, so his idea of covering his shorts probably just means he will stop buying, not buy to return borrowed BTC.
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420
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January 30, 2013, 09:05:10 PM |
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this is it boys...someone's gonna fire the laser I love this one!!!! feel free didn't copyright this one (lol) To me, that looks more like a bearish "C/Sell Puke"...
He's puking US Dollars because they're so disgusting
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Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS the hacks, the hacks, secure your bits!
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420
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January 30, 2013, 09:23:19 PM Last edit: January 30, 2013, 09:35:14 PM by 420 |
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i would like to see this one with like bitcoins in his eyes when he freaks out Pay me: 13qvP8vSEKPxLHXNPeHtCE4TGgZFaZU6am
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Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS the hacks, the hacks, secure your bits!
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mb300sd
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Drunk Posts
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January 30, 2013, 09:27:16 PM |
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i would like to see this one with like bitcoins in his eyes when he freaks out Pay me: 13qvP8vSEKPxLHXNPeHtCE4TGgZFaZU6am Lets see him puking bitcoind instead of light
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1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
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420
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January 30, 2013, 09:42:08 PM |
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Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS the hacks, the hacks, secure your bits!
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Spaceman_Spiff
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January 30, 2013, 09:45:08 PM |
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I refuse your definition http://en.wikipedia.org/wiki/Short_%28finance%29 the practice of selling securities or other financial instruments, with the intention of subsequently repurchasing them ("covering") at a lower price. In the event of an interim price decline, the short seller will profit, since the cost of repurchase will be less than the proceeds received upon the initial (short) sale. Last try, then I give up... The wikipedia page also says : " The potential loss on a short sale is theoretically unlimited in the event of an unlimited rise in the price of the instrument, however in practice the short seller will be required to post margin or collateral to cover losses, and any inability to do so on a timely basis would cause its broker or counterparty to liquidate the position." Now: if you just sold stuff that you already own, there wouldn't be theoretically unlimited losses (it says "losses", not "absence of profit"). Moreover: if you just sold stuff that you already own: why would you have to give a broker collateral? And how could he "liquidate your position"? Would he randomly decide at some point to buy shares or bitcoins that you sold before, just for the fun of it? Do you see how nonsensical all of this sounds without the assumption that you are selling something that you didn't own in the first place?
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StarenseN
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January 30, 2013, 09:50:35 PM |
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I refuse your definition http://en.wikipedia.org/wiki/Short_%28finance%29 the practice of selling securities or other financial instruments, with the intention of subsequently repurchasing them ("covering") at a lower price. In the event of an interim price decline, the short seller will profit, since the cost of repurchase will be less than the proceeds received upon the initial (short) sale. Adam, you did also the same mistake on a S.Dice shares thread...
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adamstgBit (OP)
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January 30, 2013, 09:58:04 PM |
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I refuse your definition http://en.wikipedia.org/wiki/Short_%28finance%29 the practice of selling securities or other financial instruments, with the intention of subsequently repurchasing them ("covering") at a lower price. In the event of an interim price decline, the short seller will profit, since the cost of repurchase will be less than the proceeds received upon the initial (short) sale. Last try, then I give up... The wikipedia page also says : " The potential loss on a short sale is theoretically unlimited in the event of an unlimited rise in the price of the instrument, however in practice the short seller will be required to post margin or collateral to cover losses, and any inability to do so on a timely basis would cause its broker or counterparty to liquidate the position." Now: if you just sold stuff that you already own, there wouldn't be theoretically unlimited losses (it says "losses", not "absence of profit"). Moreover: if you just sold stuff that you already own: why would you have to give a broker collateral? And how could he "liquidate your position"? Would he randomly decide at some point to buy shares or bitcoins that you sold before, just for the fun of it? Do you see how nonsensical all of this sounds without the assumption that you are selling something that you didn't own in the first place? yup you got me there
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adamstgBit (OP)
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January 30, 2013, 10:01:02 PM |
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i would like to see this one with like bitcoins in his eyes when he freaks out Pay me: 13qvP8vSEKPxLHXNPeHtCE4TGgZFaZU6am +0.00016 BTC +0.00016 BTC sry i have very little bitcoin because i have been selling bitcoin with intention to buy back lower. ( not to be confused with shorting, cuz that would be just WRONG! -_- )
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420
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January 30, 2013, 10:05:45 PM |
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thanks ad. i was wondering when someone would notice THE FIRST APPARENT ASIC WAS JUST RECEIVED BY A CUSTOMER
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Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS the hacks, the hacks, secure your bits!
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Spaceman_Spiff
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January 30, 2013, 10:05:54 PM |
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Last try, then I give up... The wikipedia page also says : " The potential loss on a short sale is theoretically unlimited in the event of an unlimited rise in the price of the instrument, however in practice the short seller will be required to post margin or collateral to cover losses, and any inability to do so on a timely basis would cause its broker or counterparty to liquidate the position."
Now: if you just sold stuff that you already own, there wouldn't be theoretically unlimited losses (it says "losses", not "absence of profit"). Moreover: if you just sold stuff that you already own: why would you have to give a broker collateral? And how could he "liquidate your position"? Would he randomly decide at some point to buy shares or bitcoins that you sold before, just for the fun of it? Do you see how nonsensical all of this sounds without the assumption that you are selling something that you didn't own in the first place?
yup you got me there
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thezerg
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January 30, 2013, 10:08:15 PM |
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Impress your friends! Instead of "selling" do a "covered short"! And why base yourself in obsolete fiat currencies? Buying bitcoin is soooo prosaic. Instead you'll want to do a covered short sale of USD. Very sad that my little "trick" went unnoticed... so I'll spell it out. Recheck the wiki page: http://en.wikipedia.org/wiki/Short_%28finance%29In finance short selling (also known as shorting or going short) is the practice of selling securities or other financial instruments that are not currently owned, with the intention of subsequently repurchasing them ("covering") at a lower price. In the event of an interim price decline, the short seller will profit, since the cost of repurchase will be less than the proceeds received upon the initial (short) sale.
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adamstgBit (OP)
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January 30, 2013, 10:10:55 PM |
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I lent myself some bitcoin so i could SHORT!
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Spaceman_Spiff
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January 30, 2013, 10:12:42 PM |
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Haha, you changed it. Good on you!
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adamstgBit (OP)
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January 30, 2013, 10:13:18 PM |
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thanks ad. i was wondering when someone would notice THE FIRST APPARENT ASIC WAS JUST RECEIVED BY A CUSTOMERthis is big news! link?
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adamstgBit (OP)
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January 30, 2013, 10:19:30 PM |
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I lent myself some bitcoin so i could SHORT! How many did you borrow and what date and time will you be returning them? i borrowed 10BTC, i was able to convince myself to be able to pay back the loan in USD (195$) or BTC (10BTC), unlimited time-frame sweet deal eh?
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Spaceman_Spiff
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January 30, 2013, 10:24:21 PM |
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ElectricMucus
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Marketing manager - GO MP
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January 30, 2013, 10:31:52 PM |
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Expect some fairly hefty buy orders appearing next week, avalon is only taking BTC for batch #2.
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420
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January 30, 2013, 10:32:20 PM |
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thanks guys. proud to be regular part of the 2nd hottest thread; http://blockchained.com/
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Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS the hacks, the hacks, secure your bits!
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