Shorts on Bitfinex at a all time high! - page 3.

inca

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Quote from: kwukduck on April 26, 2015, 10:20:34 AM

Miners haven't been mining at such great loss for a long time, so they hold or they short. Most of them are smart and know the market is collapsing, so they short, causing more pressure for the market to go down, causing them to have to short more, causing more pressure. See this market CAN only crash, there isn't even potential to go up.

Hedging mining supply is one thing. Destroying the market value of the commodity you produce is quite another. You don't hedge your supply by market selling 8000 coins into the orderbooks on an exchange.

kwukduck

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Miners haven't been mining at such great loss for a long time, so they hold or they short. Most of them are smart and know the market is collapsing, so they short, causing more pressure for the market to go down, causing them to have to short more, causing more pressure. See this market CAN only crash, there isn't even potential to go up.

inca

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Quote from: RoadTrain on April 26, 2015, 09:46:14 AM

Quote from: inca on April 26, 2015, 06:08:47 AM

I wouldn't be. Long swaps well below the ATH from 2014, whilst shorts are breaking new highs chasing diminishing gains.

This is all just noise until the whales going long let the elastic band go and retail shorters learn why shorting a hypervolatile commodity is a seriously stupid idea.

But long swaps are holding stable while we're grinding lower. While during previous dumps they tended to decrease significantly towards the end of the dump.

I'm not sure how it's important, but the lower we go, the drier are bids (in dollars). So it's making me cautios.

Yep - bitcoin could crash and smash the previous low as it craters.

But if bitcoin doesn't crash and instead holds its ground then those 32000 btc need to be bought back and will probably fuel the fire that ignites us breaking the downtrend over the next few weeks/months technically. I can see a situation where bitcoin rises 100% in a single day off the back of some newsflow (probably ETF or wall street related) due to a combination of shorts closing or getting margin called as big bids start rolling in pushing the price up relentlessly.

In retrospect it will be obvious that dreaming for single and double digit bitcoins was nonsense. That the market was massively oversold, massively over shorted after a year long bear market and was due a big snap back to reality.

RoadTrain

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Quote from: inca on April 26, 2015, 06:08:47 AM

I wouldn't be. Long swaps well below the ATH from 2014, whilst shorts are breaking new highs chasing diminishing gains.

This is all just noise until the whales going long let the elastic band go and retail shorters learn why shorting a hypervolatile commodity is a seriously stupid idea.

But long swaps are holding stable while we're grinding lower. While during previous dumps they tended to decrease significantly towards the end of the dump.

I'm not sure how it's important, but the lower we go, the drier are bids (in dollars). So it's making me cautios.

NotHatinJustTrollin

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★Bitvest.io★ Play Plinko or Invest!

Quote from: chmod755 on April 26, 2015, 07:41:23 AM

I'm not using Bitfinex myself but just looked at their charts. Can you go short on LTCBTC or LTCUSD or both?

Yes. Both.

chmod755

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I'm not using Bitfinex myself but just looked at their charts. Can you go short on LTCBTC or LTCUSD or both?

inca

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Quote from: molecular on April 26, 2015, 01:22:17 AM

yet another ATH in BTC swaps.

I'm still flabbergasted by the amount of USD swaps, though. It's still roughly 4-5 times higher than the BTC ones.

I wouldn't be. Long swaps well below the ATH from 2014, whilst shorts are breaking new highs chasing diminishing gains.

This is all just noise until the whales going long let the elastic band go and retail shorters learn why shorting a hypervolatile commodity is a seriously stupid idea.

molecular

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yet another ATH in BTC swaps.

I'm still flabbergasted by the amount of USD swaps, though. It's still roughly 4-5 times higher than the BTC ones.

molecular

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Quote from: minerpumpkin on April 25, 2015, 04:31:04 PM

Quote from: molecular on April 24, 2015, 02:17:40 PM

Quote from: minerpumpkin on April 24, 2015, 01:28:38 PM

Quote from: molecular on April 24, 2015, 01:21:09 PM

Quote from: minerpumpkin on April 24, 2015, 11:56:23 AM

Quote from: srgkrgkj on April 24, 2015, 01:22:11 AM

Quote from: BayAreaCoins on April 23, 2015, 11:55:22 PM

Breath of fresh air for the shorts.... https://blockchain.info/tx/97facbd7e07c4f3140d9ea167c2e54d85bc5f6fd04d9774d80b1284b706920ff

that guy lost around 300k from the falling bitcoin price Tongue

shorts are going crazy as usual lol Tongue

How do you know that this transaction is from the guy who got his short margin called? I believe it is just some random big transaction we don't really know the source of. Sure, it could be some early adopter cashing out, but it could just be an exchange shifting around some money.

or: someone with a huge wallet moved 101 BTC.

Interesting. I only now see that the assumed amount if BTC actually transacted is at 101 BTC. I've seen this metric being off a few times with transactions of my own. Is the algorithm behind this figure known? It's always great to read all the wild theories people develop when such a big transaction occurs from time to time. Cheesy

I bet part of the metric is the precision of the output amounts. High precision amounts have higher likelyhood of being the change output. 101 has much higher precision than 69,471.082201.

Ah yes, that makes actually a lot of sense! I unfortunately can't quite remember the transaction where blockchain.info mis-guessed the amount if was transferring. Still interesting to see what this transaction may have accomplished for the owner of the address... maybe cashing out 101 BTC? Cheesy

Yes, he probably moved 101 BTC to an exchange. PREPARE FOR DUMP!!! ;-)

tokeweed

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Life, Love and Laughter...

Quote from: RoadTrain on April 25, 2015, 08:50:45 PM

32,538.09 BTC Cheesy

Shorting in da house

Just 32,538.09?

RoadTrain

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32,538.09 BTC Cheesy

Shorting in da house

fonzie

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Moderator

Quote from: Bit_Happy on April 25, 2015, 05:43:00 PM

Quote from: knight22 on April 19, 2015, 03:23:26 AM

Quote from: SpanishSoldier on April 19, 2015, 03:14:52 AM

I am not verse with various financial instruments. Can u plz explain in short what are these Shorts, Futures are ?

It means people have borrowed and sold on the market a total of 28531.03 bitcoins hoping to buy them back at a cheaper rate and take profits. It also means these bitcoins will have to be bought back on the market at some point.

More people panicking once the rally gets moving.

Let the Bears try to party, the fundamentals are working out strongly in favor of the Bulls.

We have been partying like bosses for more than 16 months now, and we won´t stop before winter starts.
I won´t even mention these few weak attempts from the (clinical dead) bulls to get something going but it would be too embarassing for the traders, the holders, the Bitcoin network, yet for the whole human mankind if all the details of this overhypesed pyramid scheme would get public.
So you should probably just look uninvolved to the ground while everyone else is laughing maniacal BTC go to single/double digits. During these turbulences you might get a chance to sneak out of your town into another country where nobody has heard about your involvement with Bitcoin.
At least the kids won´t spit @ you over there.

tokeweed

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Life, Love and Laughter...

Once this goes up and stops get hit on the way up, this is gonna be WHOOOSH! To the moon!

Bit_Happy

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A Great Time to Start Something!

Quote from: knight22 on April 19, 2015, 03:23:26 AM

Quote from: SpanishSoldier on April 19, 2015, 03:14:52 AM

I am not verse with various financial instruments. Can u plz explain in short what are these Shorts, Futures are ?

It means people have borrowed and sold on the market a total of 28531.03 bitcoins hoping to buy them back at a cheaper rate and take profits. It also means these bitcoins will have to be bought back on the market at some point.

More people panicking once the rally gets moving.

Let the Bears try to party, the fundamentals are working out strongly in favor of the Bulls.

ensurance982

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Trust me!

Quote from: Chef Ramsay on April 25, 2015, 05:16:01 PM

Quote from: ensurance982 on April 25, 2015, 05:01:53 PM

Quote from: nrd525 on April 23, 2015, 10:48:05 PM

If this one person was shorting 13,000 bitcoin in OkCoin - it is likely that the total amount is at least 50,000
http://www.reddit.com/r/BitcoinMarkets/comments/33eepx/okcoin_futures_largest_contract_holder_margin/

Isn't it effectively suicide to play with such big sums in a market that's barely liquid enough to support those huge shorts? I mean, his stop seemed a bit poorly placed, if this rather small move has cost him that much! Can't imagine losing that much money!

Dude is either a retarded greedy bastard that is flat out stupid, making moves w/ inside knowledge or using play money.

I guess so, but don't think that he's necessarily acting on inside knowledge - it's incredibly dangerous to act on inside knowledge using a leveraged position - you might hit your stops before it goes in the direction you expect. I guess it's kinda cynical to call this amount play money, but I guess that's exactly what is is for him/her Tongue

BayAreaCoins

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Owner at AltQuick.com

Quote from: ensurance982 on April 25, 2015, 05:01:53 PM

Quote from: nrd525 on April 23, 2015, 10:48:05 PM

If this one person was shorting 13,000 bitcoin in OkCoin - it is likely that the total amount is at least 50,000
http://www.reddit.com/r/BitcoinMarkets/comments/33eepx/okcoin_futures_largest_contract_holder_margin/

Isn't it effectively suicide to play with such big sums in a market that's barely liquid enough to support those huge shorts? I mean, his stop seemed a bit poorly placed, if this rather small move has cost him that much! Can't imagine losing that much money!

Ya when you get a position that large with leverage some times even trying to help yourself would kill yourself... best to just let it go tits up I've found.

inca

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Or not a real trading account..

Chef Ramsay

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Quote from: ensurance982 on April 25, 2015, 05:01:53 PM

Quote from: nrd525 on April 23, 2015, 10:48:05 PM

If this one person was shorting 13,000 bitcoin in OkCoin - it is likely that the total amount is at least 50,000
http://www.reddit.com/r/BitcoinMarkets/comments/33eepx/okcoin_futures_largest_contract_holder_margin/

Isn't it effectively suicide to play with such big sums in a market that's barely liquid enough to support those huge shorts? I mean, his stop seemed a bit poorly placed, if this rather small move has cost him that much! Can't imagine losing that much money!

Dude is either a retarded greedy bastard that is flat out stupid, making moves w/ inside knowledge or using play money.

ensurance982

hero member

Activity: 518

Merit: 500

Trust me!

Quote from: nrd525 on April 23, 2015, 10:48:05 PM

If this one person was shorting 13,000 bitcoin in OkCoin - it is likely that the total amount is at least 50,000
http://www.reddit.com/r/BitcoinMarkets/comments/33eepx/okcoin_futures_largest_contract_holder_margin/

Isn't it effectively suicide to play with such big sums in a market that's barely liquid enough to support those huge shorts? I mean, his stop seemed a bit poorly placed, if this rather small move has cost him that much! Can't imagine losing that much money!

minerpumpkin

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A pumpkin mines 27 hours a night

Quote from: molecular on April 24, 2015, 02:17:40 PM

Quote from: minerpumpkin on April 24, 2015, 01:28:38 PM

Quote from: molecular on April 24, 2015, 01:21:09 PM

Quote from: minerpumpkin on April 24, 2015, 11:56:23 AM

Quote from: srgkrgkj on April 24, 2015, 01:22:11 AM

Quote from: BayAreaCoins on April 23, 2015, 11:55:22 PM

Breath of fresh air for the shorts.... https://blockchain.info/tx/97facbd7e07c4f3140d9ea167c2e54d85bc5f6fd04d9774d80b1284b706920ff

that guy lost around 300k from the falling bitcoin price Tongue

shorts are going crazy as usual lol Tongue

How do you know that this transaction is from the guy who got his short margin called? I believe it is just some random big transaction we don't really know the source of. Sure, it could be some early adopter cashing out, but it could just be an exchange shifting around some money.

or: someone with a huge wallet moved 101 BTC.

Interesting. I only now see that the assumed amount if BTC actually transacted is at 101 BTC. I've seen this metric being off a few times with transactions of my own. Is the algorithm behind this figure known? It's always great to read all the wild theories people develop when such a big transaction occurs from time to time. Cheesy

I bet part of the metric is the precision of the output amounts. High precision amounts have higher likelyhood of being the change output. 101 has much higher precision than 69,471.082201.

Ah yes, that makes actually a lot of sense! I unfortunately can't quite remember the transaction where blockchain.info mis-guessed the amount if was transferring. Still interesting to see what this transaction may have accomplished for the owner of the address... maybe cashing out 101 BTC? Cheesy

Topic: Shorts on Bitfinex at a all time high! - page 3. (Read 9889 times)