Overleveraged buffoon creates biggest Mexican standoff in Altcoin history - page 3.

hcf27

full member

Activity: 257

Merit: 100

Quote from: shanem on September 30, 2015, 10:10:06 AM

Quote from: r0ach on September 30, 2015, 12:22:46 AM

Quote from: tokeweed on September 30, 2015, 12:09:20 AM

Maybe he's "revenge trading".

He doesn't know how any of these coins work and thought the price just went up for no reason and shorted it. He doesn't know the price will probably be stable somewhere between 0.00003000 to 0.00009000 after BTS 2.0 release and thinks he can just stall the market here until he wins.

How do you know the person putting up the sell walls is him. It could be someone else and there is no evidence he is behind all these sell walls.

That is exactly my point, this is all speculation over speculation!

shanem

legendary

Activity: 1344

Merit: 1000

Quote from: r0ach on September 30, 2015, 12:22:46 AM

Quote from: tokeweed on September 30, 2015, 12:09:20 AM

Maybe he's "revenge trading".

He doesn't know how any of these coins work and thought the price just went up for no reason and shorted it. He doesn't know the price will probably be stable somewhere between 0.00003000 to 0.00009000 after BTS 2.0 release and thinks he can just stall the market here until he wins.

How do you know the person putting up the sell walls is him. It could be someone else and there is no evidence he is behind all these sell walls.

hcf27

full member

Activity: 257

Merit: 100

The most important question here is, how do we know this are his orders and that he is telling the truth about his trading actions?... I have seen cargara trading at polo for a while and seems to be an experienced trader, i dont think he will be telling every1 what he is doing, most likely he is doing the opposite, but the fact is that we dont know what the hell he is doing, just what he is saying!

Habeler876

hero member

Activity: 624

Merit: 500

Quote from: r0ach on September 29, 2015, 11:44:54 PM

He's now doubling down in an attempt to save his short with....more shorts to try and prevent himself from being wiped out. I don't think it's going to end well for him. It's pretty dumb they even enabled margin leverage on any market smaller than Bitcoin. All it does is allow lunatics to deposit 100 BTC and try and manipulate the entire market. Even if it doesn't work, it just stalls out the market for days wasting everyone's time until they finally get liquidated.

Once his 100-200 BTC of shorts get plowed through, his buyback is going to pump the hell out of this coin.

Has he admitted those are his walls, or are you guessing?

What price does he require BTS to go down to?

I read on Bitsharestalk that he had a long position on ETH which got called. In that case these very grim days for him.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: r0ach on September 30, 2015, 12:22:46 AM

Quote from: tokeweed on September 30, 2015, 12:09:20 AM

Maybe he's "revenge trading".

He doesn't know how any of these coins work and thought the price just went up for no reason and shorted it. He doesn't know the price will probably be stable somewhere between 0.00003000 to 0.00009000 after BTS 2.0 release and thinks he can actually just stall the market here until he wins.

That's not a sure thing. This is trading first and foremost, and one thing I learned thru experience is nothing is a sure thing in trading.

r0ach

legendary

Activity: 1260

Merit: 1000

Quote from: tokeweed on September 30, 2015, 12:09:20 AM

Maybe he's "revenge trading".

He doesn't know how any of these coins work and thought the price just went up for no reason and shorted it. He doesn't know the price will probably be stable somewhere between 0.00003000 to 0.00009000 after BTS 2.0 release and thinks he can just stall the market here until he wins.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Maybe he's "revenge trading".

r0ach

legendary

Activity: 1260

Merit: 1000

He's now doubling down in an attempt to save his short with....more shorts to try and prevent himself from being wiped out. I don't think it's going to end well for him. It's pretty dumb they even enabled margin leverage on any market smaller than Bitcoin. All it does is allow lunatics to deposit 100 BTC and try and manipulate the entire market. Even if it doesn't work, it just stalls out the market for days wasting everyone's time until they finally get liquidated.

Once his 100-200 BTC of shorts get plowed through, his buyback is going to pump the hell out of this coin.

Crestington

legendary

Activity: 882

Merit: 1024

Interesting, BTS price breaking above 2700 again.

If r0ach is correct about the short position, this guy is already at a 100 btc loss..

r0ach

legendary

Activity: 1260

Merit: 1000

Quote from: Jahvinci on September 28, 2015, 02:36:40 PM

very exciting Cheesy

It will go down in the history books right next to the battle of Marathon.

sumantso

legendary

Activity: 1050

Merit: 1000

It does seem a very risky move with the release being only 2 weeks away. regardless of what anyone might think about BTS, short term there is going to be a pump.

If I read it correctly this cagara person needs the price to drop to 0.000022 BTC which I think is too optimistic, especially now that everyone knows the level.

Jahvinci

member

Activity: 335

Merit: 45

very exciting Cheesy

Crestington

legendary

Activity: 882

Merit: 1024

Hah, this is great!

Bitshares is way oversold right now, should be some nice profit over the next week.

Well atleast for some...

tat123

sr. member

Activity: 261

Merit: 250

carga took out a short position at 2700, for 100 BTC. If he wants to cover his short, he has to buy it back. At the time of this post he would be looking at a -30 BTC loss. He is also in a long position looking for whales to flash buy walls to intimidate shorts on a possible squeeze. He claims to be in the green at 25. One trader on Polo shouldn't mean anything if BTS is a sure thing... right?

onemorexmr

sr. member

Activity: 252

Merit: 251

Quote from: BitcoinNational on September 28, 2015, 01:03:36 AM

Where can i short BTS?

poloniex allows shorting bts

BitcoinNational

legendary

Activity: 1470

Merit: 1010

Join The Blockchain Revolution In Logistics

Where can i short BTS?

Quote from: Come-from-Beyond on September 27, 2015, 03:32:38 PM

Quote from: r0ach on September 27, 2015, 03:24:32 PM

Since BTS 2.0 is about to release in 15 days, the price will likely continue to increase towards that date...

Unless the market has already reacted to the news.

CfB is likely right from the looks of that chart.

And this is only just a sample of what the future has waiting for us ... once you can short XYZ for 10000BTC and couple it with FUD slinging feast from bothsides ... the fun has just begun.

DecentralizeEconomics

legendary

Activity: 1162

Merit: 1042

White Male Libertarian Bro

Quote from: r0ach on September 27, 2015, 03:24:32 PM

Some guy named Cagara opened a 100btc short on Bitshares around 0.00002700 sometime around Sept 23rd. He thought the price was going to go down to 0.00002200 but it didn't, the price went to 2450 or so then recovered to 2700 again while his short is still open.

He keeps trying to dump into buy support to stop the rise

Now the progression of the story from yesterday is, the price has increased even higher to 2780ish now and this guy has decided instead of covering his failed short and buying 100btc worth of coins straight off the wall, he has decided to double down and place 11 btc sell walls spaced out on the sell wall to try and prevent it from going higher

the guy is a huge ass and types things like "you're all idiots investing in this stuff, I'm only here to short to make money".

Our hopes and prayers are with you!

r0ach

legendary

Activity: 1260

Merit: 1000

I forgot to mention in the original post, the guy wants out of his short position and is waiting for someone to put up a big sell wall to take it, so if you short on top with him, you might get imploded fast when/if he gets out of that short position and it immediately goes up heh.

YoyodyneSystems

legendary

Activity: 1386

Merit: 1023

Quote from: Come-from-Beyond on September 27, 2015, 03:32:38 PM

Quote from: r0ach on September 27, 2015, 03:24:32 PM

Since BTS 2.0 is about to release in 15 days, the price will likely continue to increase towards that date...

Unless the market has already reacted to the news.

It is still reacting. Their reaction is to keep filling in the "BUY BTS" fields with numbers like 177, 50,000, 100,000, and 238,373 on Polo and pressing enter. Almost obsessively so.
And it hasn't seemed to slow down. I think this should be studied.

tat123

sr. member

Activity: 261

Merit: 250

Quote from: r0ach on September 27, 2015, 03:45:10 PM

Quote from: Come-from-Beyond on September 27, 2015, 03:40:25 PM

If you are an experienced trader then you know that if you see someone saying that the price will go up, then he may want to sell, if he is saying that the price will go down, then he may want to buy...

Except I already know where people's positions are so I don't have to guess.

Bingo!

Topic: Overleveraged buffoon creates biggest Mexican standoff in Altcoin history - page 3. (Read 5268 times)