CoinLab News = Price collapse | Bitcointalksearch.org

Brushan

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Quote from: yokosan on May 03, 2013, 02:52:41 AM

Quote from: niko on May 03, 2013, 02:10:41 AM

In case anyone has missed it: this thread was referring to now old news. The latest news imply the opposite: coinlab has filed a lawsuit against Gox.

Am I to take it that the OP prediction is now to be reversed? Cheesy

Not only this, but the elite circlejerk known as Bitcoin Foundation KNEW ABOUT THIS IN ADVANCE and are responsible for the recent unloading of coins in anticipation of the crash after this news.

Insider trading at its finest.

+1

pera

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バカ

Quote from: yokosan on May 03, 2013, 02:52:41 AM

Quote from: niko on May 03, 2013, 02:10:41 AM

In case anyone has missed it: this thread was referring to now old news. The latest news imply the opposite: coinlab has filed a lawsuit against Gox.

Am I to take it that the OP prediction is now to be reversed? Cheesy

Not only this, but the elite circlejerk known as Bitcoin Foundation KNEW ABOUT THIS IN ADVANCE and are responsible for the recent unloading of coins in anticipation of the crash after this news.

Insider trading at its finest.

[citation needed]

freedomno1

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Learning the troll avoidance button :)

Well I'll be honest I'm waiting till I can see a stable point but I'm buying i'm in for the long haul though insider trading selling and rebuying darn foundation

Mushoz

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Bitbuy

Quote from: yokosan on May 03, 2013, 02:52:41 AM

Quote from: niko on May 03, 2013, 02:10:41 AM

In case anyone has missed it: this thread was referring to now old news. The latest news imply the opposite: coinlab has filed a lawsuit against Gox.

Am I to take it that the OP prediction is now to be reversed? Cheesy

Not only this, but the elite circlejerk known as Bitcoin Foundation KNEW ABOUT THIS IN ADVANCE and are responsible for the recent unloading of coins in anticipation of the crash after this news.

Insider trading at its finest.

Proof?

Edit: Nevermind, it's useless to ask you for proof. If you had kept your word in this topic: https://bitcointalksearch.org/topic/lol-173558
You would have given the information that created the hash you posted, or you would have left the forums for good. You did neither.

yokosan

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Quote from: niko on May 03, 2013, 02:10:41 AM

In case anyone has missed it: this thread was referring to now old news. The latest news imply the opposite: coinlab has filed a lawsuit against Gox.

Am I to take it that the OP prediction is now to be reversed? Cheesy

Not only this, but the elite circlejerk known as Bitcoin Foundation KNEW ABOUT THIS IN ADVANCE and are responsible for the recent unloading of coins in anticipation of the crash after this news.

Insider trading at its finest.

niko

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There is more to Bitcoin than bitcoins.

In case anyone has missed it: this thread was referring to now old news. The latest news imply the opposite: coinlab has filed a lawsuit against Gox.

Am I to take it that the OP prediction is now to be reversed? Cheesy

tvbcof

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Quote from: smoothie on April 25, 2013, 11:20:55 PM

Quote from: chriswilmer on April 25, 2013, 11:17:07 PM

What's the deal with Coinlab? Why are they so behind schedule?

They are still in the lab ... developing the coin?

They got the 'two major customers' a month ago. A viable hypothesis is that is really all they need. Possibly the 'long tail' is more of a pain in the ass than it is worth at present?

Whatever the case, ~vess has either no interest or no ability to provide an update. Whichever of those is the case, the silence is deafening enough to raise eyebrows. Particularly as the guy has a very significant role in the Bitcoin Foundation. Or did last I heard.

smoothie

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Quote from: chriswilmer on April 25, 2013, 11:17:07 PM

What's the deal with Coinlab? Why are they so behind schedule?

They are still in the lab ... developing the coin?

chriswilmer

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What's the deal with Coinlab? Why are they so behind schedule?

Ichthyo

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Quote from: mgio on April 23, 2013, 06:05:34 PM

Shorting does not reduce the price at all. It simply reduces volatility. And for bitcoin, that is a good thing.

true, but the point is, shorting wasn't lucrative most of the time for BTC.
Which is reflected in the low BTC loan rates on Bitfinex, when compared with the loan rates for USD

mgio

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Shorting does not reduce the price at all. It simply reduces volatility. And for bitcoin, that is a good thing.

Ichthyo

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Quote from: arepo on April 23, 2013, 03:52:55 AM

looks like we're gearing up for a long squeeze, actually. check out them lending rates on bitfinex.

You should look at their statistics page

Right now the situation is rather moderate bullish (600k USD loans taken) and the trading activity is also just moderate. The low rates on BTC loans mean that only few people seriously intend to short. Which is just sane behaviour -- shorting bitcoin is playing with fire. It almost never pays back, you get out with some scars, if lucky. This was indeed different in fall 2011, but since more than one year, we had some phases of stability but simply never any seriously exploitable downtrend.

arepo

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this statement is false

looks like we're gearing up for a long squeeze, actually. check out them lending rates on bitfinex.

Kazu

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Quote from: notme on April 22, 2013, 09:59:58 PM

Quote from: Kazu on April 22, 2013, 09:29:37 PM

Quick question, it seems like allowing people to short bitcoins except through a binary options model is ridiculously risky for both the lender and the shorter.

Why? Because bitcoin is illiquid. Imagine shorting bitcoin, and suddenly the price starts rocketing. On a large short the slippage would be so huge that a margin call would likely not occur fast enough to prevent the borrower from going into potentially huge debt. So the lender is forced to require a huge 40%+ margin. I mean, seriously, on a fast moving btc market just the spread has been 20% or more. On my larger orders (which really aren't that large) the slippage has been huge. Now imagine orders of $1M plus interest. Take the current model supply curve for instance. Oh shit, we went over $150, margin call time... oh woops, it requires $160 plus spread to get those bitcoins back. And thats in the current relatively stable market.

A huge 40% margin! Oh no!!!

That be 2/5ths as bad as just trading without leverage Roll Eyes

.

Uh? For shorts, even without any true leverage, it would still majorly hurt small traders in the volatile market that can drop or skyrocket 10%+ because of random DDOS's. In fact it would probably contribute to even greater volatility due to margin call chains & the subsequent slippage.

notme

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Quote from: Kazu on April 22, 2013, 09:29:37 PM

Quick question, it seems like allowing people to short bitcoins except through a binary options model is ridiculously risky for both the lender and the shorter.

Why? Because bitcoin is illiquid. Imagine shorting bitcoin, and suddenly the price starts rocketing. On a large short the slippage would be so huge that a margin call would likely not occur fast enough to prevent the borrower from going into potentially huge debt. So the lender is forced to require a huge 40%+ margin. I mean, seriously, on a fast moving btc market just the spread has been 20% or more. On my larger orders (which really aren't that large) the slippage has been huge. Now imagine orders of $1M plus interest. Take the current model supply curve for instance. Oh shit, we went over $150, margin call time... oh woops, it requires $160 plus spread to get those bitcoins back. And thats in the current relatively stable market.

A huge 40% margin! Oh no!!!

That be 2/5ths as bad as just trading without leverage Roll Eyes

.

Kazu

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Activity: 168

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Quick question, it seems like allowing people to short bitcoins except through a binary options model is ridiculously risky for both the lender and the shorter.

Why? Because bitcoin is illiquid. Imagine shorting bitcoin, and suddenly the price starts rocketing. On a large short the slippage would be so huge that a margin call would likely not occur fast enough to prevent the borrower from going into potentially huge debt. So the lender is forced to require a huge 40%+ margin. I mean, seriously, on a fast moving btc market just the spread has been 20% or more. On my larger orders (which really aren't that large) the slippage has been huge. Now imagine orders of $1M plus interest. Take the current model supply curve for instance. Oh shit, we went over $150, margin call time... oh woops, it requires $160 plus spread to get those bitcoins back. And thats in the current relatively stable market.

arepo

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this statement is false

Quote from: siulynot on February 28, 2013, 10:01:52 AM

In addition to the news that CoinLab is gonna manage USA/CA funds from Mtgox, they are announcing a professional, safe and licensed trading platform for US Corporations.

Trading platform = shorting.

3 or 4 medium sized corporations with 3 or 4 multimillion shorts puts the prices in $10 or below in no time.

and what the hell would be the point of shorting btc down to $10???

that's rully dum. there's massive support at $50... the price would probably overshoot to the hundreds and they'd suffer huge losses...

fud

Kazu

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This is the dumbest theory ever. They will either charge interest on the shorts, or there will be a spread and a limited holding time which essentially equates to interest, or there will be a bit of both. In any case, the end result is that you end up having to pay back more BTC than you sold. Any noob can tell you that selling BTC then buying more back later will drive the price up, not down. Shorts only drive the price down in the short term or when there is an "inverse-bubble" like scenario in which everybody is borrowing borrowed stuff, which, unless the currency completely dies out, will still drive the price up in the long term.

bitarrow

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Quote from: smoothie on April 22, 2013, 08:33:34 PM

OP, Yes CoinLab news = Price Collapse upwards

lol +1

smoothie

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OP, Yes CoinLab news = Price Collapse upwards

Topic: CoinLab News = Price collapse (Read 6910 times)