Topic: Massive short positions are forming... (Read 3560 times)
Huge shorts forming everytime we go a little over 350.... Look out for a slight correction, tomorrow might be a few %'s down
I think the theory of CaVirtex trying to make a quick buck shorting BTC was quite interesting. In theory they used customer funds to short BTC and subsequently created the Bearwhale wall in order to keep the price down (now panicking), now we're about 10% over that level, they lost.
But this is merely speculation, a wild theory I read somewhere
But this is merely speculation, a wild theory I read somewhere
There's no doubt that huge wall was actually a giant short interest being built up at $300... Probably the same people building that massive short position everytime we hit $340. 10% is nothing to these whales, especially when it was with customers funds loll no worries!!
Lmfao why are you in denial... Mt gox was always 100-180$ above the other exchanges because it was "purchasing" bitcoin from many different addresses who all purchased approx. $2.5m in all purchases. Blatant manipulation, look it up man. Downtrends follow all bubbles yes, but notice nobody says a bubble follows a downtrend, because its RARE
Since summer 2013 almost everyone realized that Gox is playing with non-existing coins and only idiots continued trading with them.. Just to lose everything.
I'm not sure if we have bubble soon, but now chances to stay above $300 are much higher than before. Even if we don't have a bubble this or the next year, price may at least keep its level with slight grow due to natural adoption.
Very true, it was obvious but a lot of people were in denial & by the time they found out they couldn't even withdrawal anyway! & yea looks like we'll be stuck in this 300 range for a while
I think the theory of CaVirtex trying to make a quick buck shorting BTC was quite interesting. In theory they used customer funds to short BTC and subsequently created the Bearwhale wall in order to keep the price down (now panicking), now we're about 10% over that level, they lost.
But this is merely speculation, a wild theory I read somewhere
But this is merely speculation, a wild theory I read somewhere
What theory....
I think the theory of CaVirtex trying to make a quick buck shorting BTC was quite interesting. In theory they used customer funds to short BTC and subsequently created the Bearwhale wall in order to keep the price down (now panicking), now we're about 10% over that level, they lost.
But this is merely speculation, a wild theory I read somewhere
But this is merely speculation, a wild theory I read somewhere
Lmfao why are you in denial... Mt gox was always 100-180$ above the other exchanges because it was "purchasing" bitcoin from many different addresses who all purchased approx. $2.5m in all purchases. Blatant manipulation, look it up man. Downtrends follow all bubbles yes, but notice nobody says a bubble follows a downtrend, because its RARE
Since summer 2013 almost everyone realized that Gox is playing with non-existing coins and only idiots continued trading with them.. Just to lose everything.
I'm not sure if we have bubble soon, but now chances to stay above $300 are much higher than before. Even if we don't have a bubble this or the next year, price may at least keep its level with slight grow due to natural adoption.
Friday will be a big sell day, that's when people can sell the coins bought cheap this past weekend on Coinbase, they are available Friday by end of day. There were so many coins bought Sunday through Coinbase that they ran out of coins to sell.
Still can't breakt this downward trend... should be some nice bull action if we pass 331!
I doubt this, since the current all time high was created by the mt gox willy bot... I don't think we can see an advancement that big until a stick of gum is $10
This statement is wrong. I remember those days and price was pushed by Chinese exchanges. Willy Bot was working on MtGox only and its pressure was insignificant.
Quote from: fewcoins
That's right we need to forget about bottoms and tops! But overall you can't deny BTC has been in a downtrend since it hit that $1,200 mark
Downtrends follow all the bubbles. The same happened in 2011 and 2013 and all of them were recovered.
Lmfao why are you in denial... Mt gox was always 100-180$ above the other exchanges because it was "purchasing" bitcoin from many different addresses who all purchased approx. $2.5m in all purchases. Blatant manipulation, look it up man. Downtrends follow all bubbles yes, but notice nobody says a bubble follows a downtrend, because its RARE
I doubt this, since the current all time high was created by the mt gox willy bot... I don't think we can see an advancement that big until a stick of gum is $10
This statement is wrong. I remember those days and price was pushed by Chinese exchanges. Willy Bot was working on MtGox only and its pressure was insignificant.
Quote from: fewcoins
That's right we need to forget about bottoms and tops! But overall you can't deny BTC has been in a downtrend since it hit that $1,200 mark
Downtrends follow all the bubbles. The same happened in 2011 and 2013 and all of them were recovered.
Quote
Only because these horrible manipulators are driving the price down... Obviously we need to join them just so we don't lose all our funds on the way down/up/down/up/down/up! >
ftfy
BTW, these manipulations have a name - market trading
Um no BTC didn't just lose over 70% of its value because of just market trading... Lets be serious here
ATH from the last bubble should not be considered real value (at least not at the time it happened), that also had elements of manipulation. Don't get me wrong, I don't like shorting, but all those shorts have to be closed at some point. When the price finally starts going up they will have to close and as a result it will move faster
Long term trend is up, protocol is working, this is just the beginning. It just takes nerves and patience, like raising a child.
The difference is, it will not give the same returns in the same amount of time that those lucky very early adopters had.
Everything you said is correct & great! But when you said long term trend is up....... wtf???
What I meant was we will have a new ATH sooner or later, preferably sooner.
I doubt this, since the current all time high was created by the mt gox willy bot... I don't think we can see an advancement that big until a stick of gum is $10
Everything you said is correct & great! But when you said long term trend is up....... wtf???
You know this too, but you cannot agree on public as you are (leverage?) shorting now
Just give it up because big traders never make decisions judging by the opinions on this forum. Don't worry, we will see big tasty dips soon and we will take our profit from them. Just don't try catching tops or bottoms.
That's right we need to forget about bottoms and tops! But overall you can't deny BTC has been in a downtrend since it hit that $1,200 mark
Everything you said is correct & great! But when you said long term trend is up....... wtf???
You know this too, but you cannot agree on public as you are (leverage?) shorting now
Just give it up because big traders never make decisions judging by the opinions on this forum. Don't worry, we will see big tasty dips soon and we will take our profit from them. Just don't try catching tops or bottoms.
Quote
Only because these horrible manipulators are driving the price down... Obviously we need to join them just so we don't lose all our funds on the way down/up/down/up/down/up! >
ftfy
BTW, these manipulations have a name - market trading
Um no BTC didn't just lose over 70% of its value because of just market trading... Lets be serious here
ATH from the last bubble should not be considered real value (at least not at the time it happened), that also had elements of manipulation. Don't get me wrong, I don't like shorting, but all those shorts have to be closed at some point. When the price finally starts going up they will have to close and as a result it will move faster
Long term trend is up, protocol is working, this is just the beginning. It just takes nerves and patience, like raising a child.
The difference is, it will not give the same returns in the same amount of time that those lucky very early adopters had.
Everything you said is correct & great! But when you said long term trend is up....... wtf???
What I meant was we will have a new ATH sooner or later, preferably sooner.
Quote
Only because these horrible manipulators are driving the price down... Obviously we need to join them just so we don't lose all our funds on the way down/up/down/up/down/up! >
ftfy
BTW, these manipulations have a name - market trading
Um no BTC didn't just lose over 70% of its value because of just market trading... Lets be serious here
ATH from the last bubble should not be considered real value (at least not at the time it happened), that also had elements of manipulation. Don't get me wrong, I don't like shorting, but all those shorts have to be closed at some point. When the price finally starts going up they will have to close and as a result it will move faster
Long term trend is up, protocol is working, this is just the beginning. It just takes nerves and patience, like raising a child.
The difference is, it will not give the same returns in the same amount of time that those lucky very early adopters had.
Everything you said is correct & great! But when you said long term trend is up....... wtf???
Quote
Only because these horrible manipulators are driving the price down... Obviously we need to join them just so we don't lose all our funds on the way down/up/down/up/down/up! >
ftfy
BTW, these manipulations have a name - market trading
Um no BTC didn't just lose over 70% of its value because of just market trading... Lets be serious here
ATH from the last bubble should not be considered real value (at least not at the time it happened), that also had elements of manipulation. Don't get me wrong, I don't like shorting, but all those shorts have to be closed at some point. When the price finally starts going up they will have to close and as a result it will move faster
Long term trend is up, protocol is working, this is just the beginning. It just takes nerves and patience, like raising a child.
The difference is, it will not give the same returns in the same amount of time that those lucky very early adopters had.
Quote
Only because these horrible manipulators are driving the price down... Obviously we need to join them just so we don't lose all our funds on the way down/up/down/up/down/up! >
ftfy
BTW, these manipulations have a name - market trading
Um no BTC didn't just lose over 70% of its value because of just market trading... Lets be serious here
Me too , I don't think this is a simple market trading ... this is a manipulation from an earlty miner/adopter . ( I'm not sure at 100%).
Trust me this is somebody who just got into the game... Miners have been dumping slowly & very few hold but some do.
Early miner is like saying early adopters , only a couple of them can do this .
Anyone with a few million dollars can do this again & again & again!
Quote
Only because these horrible manipulators are driving the price down... Obviously we need to join them just so we don't lose all our funds on the way down/up/down/up/down/up! >
ftfy
BTW, these manipulations have a name - market trading
Um no BTC didn't just lose over 70% of its value because of just market trading... Lets be serious here
Me too , I don't think this is a simple market trading ... this is a manipulation from an earlty miner/adopter . ( I'm not sure at 100%).
Trust me this is somebody who just got into the game... Miners have been dumping slowly & very few hold but some do.
Early miner is like saying early adopters , only a couple of them can do this .
Quote
Only because these horrible manipulators are driving the price down... Obviously we need to join them just so we don't lose all our funds on the way down/up/down/up/down/up! >
ftfy
BTW, these manipulations have a name - market trading
Um no BTC didn't just lose over 70% of its value because of just market trading... Lets be serious here
Me too , I don't think this is a simple market trading ... this is a manipulation from an earlty miner/adopter . ( I'm not sure at 100%).
Trust me this is somebody who just got into the game... Miners have been dumping slowly & very few hold but some do.
Quote
Only because these horrible manipulators are driving the price down... Obviously we need to join them just so we don't lose all our funds on the way down/up/down/up/down/up! >
ftfy
BTW, these manipulations have a name - market trading
Um no BTC didn't just lose over 70% of its value because of just market trading... Lets be serious here
Me too , I don't think this is a simple market trading ... this is a manipulation from an earlty miner/adopter . ( I'm not sure at 100%).
Quote
Only because these horrible manipulators are driving the price down... Obviously we need to join them just so we don't lose all our funds on the way down/up/down/up/down/up! >
ftfy
BTW, these manipulations have a name - market trading
Um no BTC didn't just lose over 70% of its value because of just market trading... Lets be serious here
Quote
Only because these horrible manipulators are driving the price down... Obviously we need to join them just so we don't lose all our funds on the way down/up/down/up/down/up! >
ftfy
BTW, these manipulations have a name - market trading
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