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Author Topic: Pirate Squeezed?  (Read 995 times)
ElectricMucus
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July 16, 2012, 05:56:51 PM
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I've read that some of you think the recent rise constitutes a short squeeze of piratat40s HYIP.

Was it ever established that that is what pirate is/was doing? Do you think the buy wall belongs to him?
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kentrolla
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July 16, 2012, 05:58:17 PM
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I've read that some of you think the recent rise constitutes a short squeeze of piratat40s HYIP.

Was it ever established that that is what pirate is/was doing? Do you think the buy wall belongs to him?
imo squeezing is not in his best interest. he makes more money if he can just keep the price under control.

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July 16, 2012, 05:58:38 PM
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I've read that some of you think the recent rise constitutes a short squeeze of piratat40s HYIP.

Was it ever established that that is what pirate is/was doing? Do you think the buy wall belongs to him?

What buy wall?

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
ElectricMucus
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July 16, 2012, 06:00:17 PM
 #4

I've read that some of you think the recent rise constitutes a short squeeze of piratat40s HYIP.

Was it ever established that that is what pirate is/was doing? Do you think the buy wall belongs to him?

What buy wall?

oh damn I blinked...  Huh
It was there just now.. now it's gone.


What I meant is that if pirate is effectively shorting BTC, or enabling his clients to do so. And the rise above 8 would be a sign that he lost control.
notme
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July 16, 2012, 06:06:57 PM
 #5

I've read that some of you think the recent rise constitutes a short squeeze of piratat40s HYIP.

Was it ever established that that is what pirate is/was doing? Do you think the buy wall belongs to him?

What buy wall?

oh damn I blinked...  Huh
It was there just now.. now it's gone.


What I meant is that if pirate is effectively shorting BTC, or enabling his clients to do so.

He does sell BTC, but he rebuys as quickly as he can.  These is risk to upside moves, but it is limited to a couple hours at most.  His profits come from transaction fees he charges buyers, not from trying to "play the market".

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
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