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Topic: BitFinex Sentiment Index: vote with your wallet not with a click (Read 4890 times)

hero member
Activity: 868
Merit: 1000
There is 300 BTC available to short and 170 btc available to long for 60 days. Take your slots!
legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
Quote
BSI as of December 27, 2012 - 04:13:44 PM EST:
1:1 - Bullish

legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
Quote
BSI as of December 21, 2012 - 06:04:42 PM EST:
1:1 - Bearish

some new data https://bitfinex.com/pages/interest
Quote
Currency    Average loan rates in % per 365 days    Total sum of active loans
USD    17.8363%    3433.58 USD
BTC    14.4434%    421.1 BTC
legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
Quote
BSI as of December 19, 2012 - 01:16:53 PM EST:
1:1 - Neutral
legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
Before you place a trade on margin, where can you see what your liquidation price A/o ratio is?
there is no "you will get a margin call at XX"
legendary
Activity: 1288
Merit: 1000
Enabling the maximal migration
but no response to the liquidation info?
i dont get you

Before you place a trade on margin, where can you see what your liquidation price A/o ratio is?
legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
but no response to the liquidation info?
i dont get you
legendary
Activity: 1288
Merit: 1000
Enabling the maximal migration
Also, what happens to your lended funds if the person you lend to gets liquidated?
you get them back  Grin liquidation is based on traders funds
example you are long term holder and decide to lend bitcoins
trader 1 take your 100 bitcoins and start shorting at the price of 10 usd per bitcoin
if the trader 1 have 500 USD he can afford a 500 USD loss (he is liquidated a bit earlier but to keep this simple) he can affort 5 usd loss per bitcoin
so the trader 1 will be liquidated at 15 usd per bitcoin
when trader 1 go short the 100 bitcoin at 10usd the platform gets 1000 USD from that sell plus it own 500 usd that make 1500 sufficient funds to buy back your 100 bitcoins at 15 usd per btc

K, i think i get it... thanks

but no response to the liquidation info?
legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
Quote
BSI as of December 17, 2012 - 05:02:12 AM EST:
1:1 - Bullish
legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
Also, what happens to your lended funds if the person you lend to gets liquidated?
you get them back  Grin liquidation is based on traders funds
example you are long term holder and decide to lend bitcoins
trader 1 take your 100 bitcoins and start shorting at the price of 10 usd per bitcoin
if the trader 1 have 500 USD he can afford a 500 USD loss (he is liquidated a bit earlier but to keep this simple) he can affort 5 usd loss per bitcoin
so the trader 1 will be liquidated at 15 usd per bitcoin
when trader 1 go short the 100 bitcoin at 10usd the platform gets 1000 USD from that sell plus it own 500 usd that make 1500 sufficient funds to buy back your 100 bitcoins at 15 usd per btc
legendary
Activity: 1288
Merit: 1000
Enabling the maximal migration
OK i'm going to try trading with leverage ( sent 5 coins  Tongue )
does it show me somewhere the price ill get liquidated at?

Interested, but with Adam here - how do you see this?

Also, what happens to your lended funds if the person you lend to gets liquidated?
legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)

bull took over
Quote
BSI as of December 16, 2012 - 01:26:21 PM EST:
1:1 - Bullish
legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)

a update, it went from 1:1 to 2:1
legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
member
Activity: 63
Merit: 10
Bitfinex users are very bearish these days, afraid of a price drop?
Its cuz, there is no USD available for longs.

Price is going to rocket very high, very soon.

Exactly, there is no credit available in USD for people to be able to take a long position. So the only positions available are short positions in BTC and that's what generates the bearish sentiment.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Bitfinex users are very bearish these days, afraid of a price drop?
Its cuz, there is no USD available for longs.

Price is going to rocket very high, very soon.
hero member
Activity: 868
Merit: 1000
Bitfinex users are very bearish these days, afraid of a price drop?
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
OK i'm going to try trading with leverage ( sent 5 coins  Tongue )
does it show me somewhere the price ill get liquidated at?
legendary
Activity: 2198
Merit: 1311
Trying to help yourself recover from that short at $11.xx, eh?
legendary
Activity: 1904
Merit: 1002
now the BSI is 3:1  Shocked Shocked and transaction log https://bitfinex.com/pages/public_log do reflect this  change in the sentiment

And yet the price is clinging to the top of the range.... I smell a short squeeze in the works.
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