Bitfinex: Short > Long positions (Will end violently)

Hyena

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Quote from: abercrombie on May 22, 2017, 08:23:15 PM

Current Price BFX: $2,132 Shocked

16.3k longs vs -15.3k shorts

Cathartic day. Reached an ATH in a mother of all green candles but corrected mid-range.

Bitfinex starting to reach some equilibrium as longs are now gaining on shorts. Funding is getting real expensive for longs as USD is in huge demand and short on supply. Longs need prices to keep going up or they'll be paying loanshark prices for their leveraged positions.

Fact remains, all short sellers prior to today are still under water. They'll buy any dump to close out of this nightmare short sale.

At least THOSE bears have balls to put their money where their mouth is. But nevertheless, no empathy for the shorts Tongue

abercrombie

legendary

Activity: 1159

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Current Price BFX: $2,132 Shocked

16.3k longs vs -15.3k shorts

Cathartic day. Reached an ATH in a mother of all green candles but corrected mid-range.

Bitfinex starting to reach some equilibrium as longs are now gaining on shorts. Funding is getting real expensive for longs as USD is in huge demand and short on supply. Longs need prices to keep going up or they'll be paying loanshark prices for their leveraged positions.

Fact remains, all short sellers prior to today are still under water. They'll buy any dump to close out of this nightmare short sale.

Wind_FURY

legendary

Activity: 2898

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I cannot wait for OP's next post and comment. Anybody who is thinking of shorting in this bull market is crazy gambling. They are clearly trying to time the market. That is something no one can do perfectly. By the time the market becomes bearish they have lost a lot and their gains will be smaller than if they waited patiently.

cryptodontus

newbie

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Quote from: aso118 on May 20, 2017, 10:38:58 PM

Quote from: abercrombie on May 18, 2017, 07:38:31 PM

Current Price BFX: $1,972 ATH Shocked

14.2k longs vs -16.1k shorts

Still more short interest and all short sellers are underwater. There is barely enough liquidity to cover in case of a positive news event and the price skyrockets.

Still not close to ending... and it will be violent!

This looks to be the violet ending. Price closing in on $2100.
I am sure those shorts must be leveraged. If so, you will have crazy margin calls on them.
Some people are going to get bankrupt quickly.

Its seems to me that margin trading has only two possibilities.
1. Insider trading
2. Gambler's fallacy

Maybe I'm wrong, but I haven't been able to figure it out yet.

aso118

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★Nitrogensports.eu★

Quote from: abercrombie on May 18, 2017, 07:38:31 PM

Current Price BFX: $1,972 ATH Shocked

14.2k longs vs -16.1k shorts

Still more short interest and all short sellers are underwater. There is barely enough liquidity to cover in case of a positive news event and the price skyrockets.

Still not close to ending... and it will be violent!

This looks to be the violet ending. Price closing in on $2100.
I am sure those shorts must be leveraged. If so, you will have crazy margin calls on them.
Some people are going to get bankrupt quickly.

Wind_FURY

legendary

Activity: 2898

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Quote from: European Central Bank on May 19, 2017, 09:03:11 PM

Quote from: Wind_FURY on May 19, 2017, 08:57:53 PM

You think it is the real deal now because the price will not stop climbing. But the moment it start crashing and everyone starts losing money everything will complain the forum and say it is not the "real deal" anymore. It is funny how we all change our minds when we start losing money.

but if it crashes back to $1100 tonight i wonder how many people will be in the red overall. probably not all that many.

there will be a fresh wave of bagholders at some point but they're not here yet.

One way to estimate if there are many bagholders if Bitcoin crashes back to $1100 is to find out how much volume there was at the higher prices. Always remember that there is a buyer for every seller. If there was a lot of activity at the break of $2000 and then we fall to $1000 tomorrow, then there are a lot of new bagholders.

spiderbrain

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Quote from: abercrombie on May 18, 2017, 07:38:31 PM

Current Price BFX: $1,972 ATH Shocked

14.2k longs vs -16.1k shorts

Still more short interest and all short sellers are underwater. There is barely enough liquidity to cover in case of a positive news event and the price skyrockets.

Still not close to ending... and it will be violent!

Do you have an inkling of what price it goes flip-mode?

Pearls Before Swine

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Activity: 1190

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Quote from: abercrombie on February 16, 2017, 10:32:48 AM

Quote from: alyssa85 on February 16, 2017, 10:27:05 AM

Or they could be short because they have inside informatiom about the ETFs.

Do you know when these short contracts expire?

Bitfinex doesn't have short contracts. They can hold them as long as they don't get margin called.

Shorting bitcoin is for mental patients in a bull market like this. Having come to know people on this forum, it doesn't shock me in the least. These fool bags are going to get run over by a bulldozer, you watch. Shorting at $950? Good luck with that one. Must be complete noobs doing this, and I bet they're all from the U.S., because only some stupid American would do that.

moviebuff777

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Quote from: salmanahmedone on May 20, 2017, 12:30:40 AM

Quote from: Wind_FURY on May 18, 2017, 09:32:42 PM

This is going crazy. Maybe it is time to throw the trading books out of the window for most of us and start a "buy and hold" strategy. If the price falls down "violently" then it is always an opportunity to buy more. A lot of us keep thinking it will fall and it did but it always climbs back up. Why?

Haha, all the trading techniques are seeming to be useless with the way bitcoin is growing. Maybe traders never thought any commodity or currency can move so fast as bitcoin is moving now. Wink

Yes it's hard to be a trader right now with the price just rising constantly. Normally the price rises and falls so you can sell and rebuy but now you sell and are out as the price keeps going up.

FiendCoin

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The devil is in the detail.

Quote from: Wind_FURY on May 19, 2017, 08:57:53 PM

Quote from: FiendCoin on May 18, 2017, 10:31:05 PM

Quote from: Wind_FURY on May 18, 2017, 09:32:42 PM

This is going crazy. Maybe it is time to throw the trading books out of the window for most of us and start a "buy and hold" strategy. If the price falls down "violently" then it is always an opportunity to buy more. A lot of us keep thinking it will fall and it did but it always climbs back up. Why?

Simple. Bitcoin is the real deal. The more time goes by the more people realize it.

You think it is the real deal now because the price will not stop climbing. But the moment it start crashing and everyone starts losing money everything will complain the forum and say it is not the "real deal" anymore. It is funny how we all change our minds when we start losing money.

This is Bitcoin, of course there will be a crash and then a rebound that will take the price higher and so on and so on...

Why? Because, Bitcoin is the one and true cryptocurrency. As more people realize this, the more the price rises.

Shitcoins on the other hand, what a mess. The US government or any government at any time and go after them and good bye shitcoins. Only a matter of time before Vitalik Buterin and his ilk are in jail being butt-fucked along with their shitcoins and investors. Satoshi was smart to disappear and hand over Bitcoin to the world, probably the smartest thing he did.

Now, do I wish I got in etherum when it was under $10, hell yeah, I'd be rich now. Do I believe in etherum, hell no, I would've just used it to get rich quick.

Let me just say this, a lot of people are going to get hurt when that etherum bubble pops. ICOs are going to get a big black eye, maybe smart contracts will too. This year and next will be REAL interesting to say the least.

Hyena

legendary

Activity: 2114

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Altcoins are in a bubble, that's fore sure. Bitcoin has not even entered the vertical rise stage of a bubble cycle. But altcoins have their own dot-com bubble. Ethereum is probably going to be the pets.com analogy of the altcoin bubble Grin

What you do here is that you will sell the overvalued altcoins and you buy into promising undervalued coins. Look at the market cap and try to see the growth potential. For example, Eth is already inflated as fuck, it is very unlikely that ETH will x10 in value, right? How about some undervalued coin with good fundamentals on the other hand? Those small market caps can easily x10 in value. What happens is that smart investors sell their overvalued shitcoin stack (ripple, eth, dash...) and they buy into coins that can still x10 in value.

salmanahmedone

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Quote from: Wind_FURY on May 18, 2017, 09:32:42 PM

This is going crazy. Maybe it is time to throw the trading books out of the window for most of us and start a "buy and hold" strategy. If the price falls down "violently" then it is always an opportunity to buy more. A lot of us keep thinking it will fall and it did but it always climbs back up. Why?

Haha, all the trading techniques are seeming to be useless with the way bitcoin is growing. Maybe traders never thought any commodity or currency can move so fast as bitcoin is moving now. Wink

European Central Bank

legendary

Activity: 1288

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Quote from: Wind_FURY on May 19, 2017, 08:57:53 PM

You think it is the real deal now because the price will not stop climbing. But the moment it start crashing and everyone starts losing money everything will complain the forum and say it is not the "real deal" anymore. It is funny how we all change our minds when we start losing money.

but if it crashes back to $1100 tonight i wonder how many people will be in the red overall. probably not all that many.

there will be a fresh wave of bagholders at some point but they're not here yet.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

Quote from: FiendCoin on May 18, 2017, 10:31:05 PM

Quote from: Wind_FURY on May 18, 2017, 09:32:42 PM

This is going crazy. Maybe it is time to throw the trading books out of the window for most of us and start a "buy and hold" strategy. If the price falls down "violently" then it is always an opportunity to buy more. A lot of us keep thinking it will fall and it did but it always climbs back up. Why?

Simple. Bitcoin is the real deal. The more time goes by the more people realize it.

You think it is the real deal now because the price will not stop climbing. But the moment it starts crashing and everyone starts losing money, everyone will complain in the forum and say it is not the "real deal" anymore. It is funny how we all change our minds when we start losing money.

lilit

sr. member

Activity: 476

Merit: 250

Quote from: FiendCoin on May 18, 2017, 10:31:05 PM

Quote from: Wind_FURY on May 18, 2017, 09:32:42 PM

This is going crazy. Maybe it is time to throw the trading books out of the window for most of us and start a "buy and hold" strategy. If the price falls down "violently" then it is always an opportunity to buy more. A lot of us keep thinking it will fall and it did but it always climbs back up. Why?

After the events of last year on Bitfinex, I would not trust the exchange so much. They have already staged a robbery once, so that they can be deterred from doing it again.

Simple. Bitcoin is the real deal. The more time goes by the more people realize it.

FiendCoin

sr. member

Activity: 462

Merit: 263

The devil is in the detail.

Quote from: Wind_FURY on May 18, 2017, 09:32:42 PM

This is going crazy. Maybe it is time to throw the trading books out of the window for most of us and start a "buy and hold" strategy. If the price falls down "violently" then it is always an opportunity to buy more. A lot of us keep thinking it will fall and it did but it always climbs back up. Why?

Simple. Bitcoin is the real deal. The more time goes by the more people realize it.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

This is going crazy. Maybe it is time to throw the trading books out of the window for most of us and start a "buy and hold" strategy. If the price falls down "violently" then it is always an opportunity to buy more. A lot of us keep thinking it will fall and it did but it always climbs back up. Why?

abercrombie

legendary

Activity: 1159

Merit: 1001

Current Price BFX: $1,972 ATH Shocked

14.2k longs vs -16.1k shorts

Still more short interest and all short sellers are underwater. There is barely enough liquidity to cover in case of a positive news event and the price skyrockets.

Still not close to ending... and it will be violent!

abercrombie

legendary

Activity: 1159

Merit: 1001

Current Price BFX: $1,574 Shocked

Well it seems BTC borrowing is still WAY higher than USD borrowing.

But after the correction after Bitfinex hit 1700 & Stamp hit 1600, still way more shorts than longs BUT the rates have started to rise for USD loaning. This makes it very costly for longs to hold their positions if Bitcoin doesn't keep rising. Could also be because no USD is coming into Bitfinex therefore lower supply means higher demand.

Interesting battle for until some fundamental news hits like that Bitcoin Unlimited BS in March, I think we keep rising.

Shorts must continue buying any dip to escape this rally.

notme

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Quote from: kryptopojken on March 03, 2017, 06:56:41 PM

Lol here's a suggestion, use the correct number. The shorts right now are 13400 and longs are 28k. The chart you're using is including btc swaps used to long altcoins. Here is the correct chart: https://www.bfxdata.com/positions/btcusd

Long alts against btc is short btc. However, thank you for pointing out the correct numbers for the btcusd market, although now it is $27.6k for longs and $13.5k for shorts. Using the btcusd figures, the shorts did get up around 50% from around 1000 to 1040, but dropped from there until around March 1st. They have begun to rise again, but are currently only 32.8%.

Topic: Bitfinex: Short > Long positions (Will end violently) (Read 4657 times)