Shorts on Bitfinex at a all time high! - page 5.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: BayAreaCoins on April 22, 2015, 05:24:57 AM

Quote from: molecular on April 21, 2015, 03:55:23 PM

Quote from: Chalkbot on April 21, 2015, 03:34:02 PM

How are the shorts holding up?

quite well:

no squeezing on finex yet... not to be expected anyway. Just a $10 move so far.

$242-$245 I'd bet.

I'm thinking much higher ($320 to $350, maybe even higher), but that's totally unfounded in any rational thought.

BayAreaCoins

legendary

Activity: 4018

Merit: 1250

Owner at AltQuick.com

Quote from: molecular on April 21, 2015, 03:55:23 PM

Quote from: Chalkbot on April 21, 2015, 03:34:02 PM

How are the shorts holding up?

quite well:

no squeezing on finex yet... not to be expected anyway. Just a $10 move so far.

$242-$245 I'd bet.

chriswilmer

legendary

Activity: 1008

Merit: 1000

Quote from: OgNasty on April 21, 2015, 04:35:45 PM

Short % of Float

Bitcoin: 0.2%
Altria: 0.70%
Apple: 1.10%
Citigroup: 1.10%
Kraft Foods: 1.60%
Freeport-McMoRan: 5.30%
AT&T: 6.20%

Most informative post I've read on Bitcointalk in ages. I had no idea so many people were shorting Apple! Where did you get this info?

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Lot's shorts were squeezed. That's what they get for being impatient... And being indecisive when it broke down 250.

nrd525

legendary

Activity: 1868

Merit: 1023

Quote from: OgNasty on April 21, 2015, 04:35:45 PM

Short % of Float

Bitcoin: 0.2%
Altria: 0.70%
Apple: 1.10%
Citigroup: 1.10%
Kraft Foods: 1.60%
Freeport-McMoRan: 5.30%
AT&T: 6.20%

Where do you get these statistics on regular stocks?

minerpumpkin

hero member

Activity: 686

Merit: 500

A pumpkin mines 27 hours a night

Quote from: molecular on April 21, 2015, 03:55:23 PM

Quote from: Chalkbot on April 21, 2015, 03:34:02 PM

How are the shorts holding up?

quite well:

no squeezing on finex yet... not to be expected anyway. Just a $10 move so far.

Ha, good to see there's still a lot of fuel in the rocket. I wonder whether a sizeable portion of those shorts get cold feet now and close their positions before they get margin called in a similar manner. Good to see this, for a change...

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Short % of Float

Bitcoin: 0.2%
Altria: 0.70%
Apple: 1.10%
Citigroup: 1.10%
Kraft Foods: 1.60%
Freeport-McMoRan: 5.30%
AT&T: 6.20%

Natalia_AnatolioPAMM

full member

Activity: 280

Merit: 100

Quote from: tokeweed on April 20, 2015, 07:10:39 AM

Quote from: ensurance982 on April 20, 2015, 07:08:21 AM

Quote from: tokeweed on April 20, 2015, 06:56:18 AM

Quote from: ensurance982 on April 20, 2015, 06:38:20 AM

Quote from: futureofbitcoin on April 20, 2015, 06:24:35 AM

there's OKcoin but not too sure how they work

Their future markets seem to behave a bit funky these days, aren't they? I wouldn't be surprised if at least one Chinese exchange pulled a Gox, or at least a Stamp at some point this year or maybe next year.

Wouldn't that be bad for Bitcoin's price and another stain on the way it's percieved by the mainstream?

Yeah, that would be terrible, sure. But it wouldn't surprise me much. This is still very much 'amateur hour' like many people like to call it. We need more insured and regulated exchanges!

No wonder people are shorting...

not for a long time

molecular

donator

Activity: 2772

Merit: 1019

Quote from: Chalkbot on April 21, 2015, 03:34:02 PM

How are the shorts holding up?

quite well:

no squeezing on finex yet... not to be expected anyway. Just a $10 move so far.

Chalkbot

legendary

Activity: 896

Merit: 1001

How are the shorts holding up?

Morecoin Freeman

hero member

Activity: 854

Merit: 503

Legendary trader

It is happening!!

molecular

donator

Activity: 2772

Merit: 1019

Quote from: Chef Ramsay on April 20, 2015, 06:06:42 PM

I don't see where this 4-9% interest per day is coming from when the swap rates are hovering around the .04% level. I'd love to have that higher interest on the coins I'm lending.

Those numbers come from bfxdata.com as seen in the graphs tzupy and I posted. They were recorded from bfx api by bfxdata.com site.

You're not going to get those rates. I'm assuming it was a glitch and noone really got them.

You can also assume that if someone indeed borrowed at such high rate, he would roll over into a more modest setup at the first chance (and there is now a "healthy" swap market with "normal" rates available as you can see in the 2 screenshots of the ask side I posted yesterday).

If someone offers you 9% per day, RUN! Even 7% per week (example taken from bitcoin savings and trust) should ring alarm bells.

Chef Ramsay

legendary

Activity: 1568

Merit: 1001

Quote from: molecular on April 20, 2015, 12:27:23 PM

Quote from: Tzupy on April 20, 2015, 08:42:42 AM

Yesterday there were huge spikes (now they are back to normal) in both BTC and USD swap rates, was it a glitch or is there some explanation?

I'm not sure, didn't see the swap market order books at the time.

They look healthy now with 2.4 kBTC and 2 million USD offered at "flash return" rate and more at higher, but still "reasonable" rates.

I'm having a hard time imagining those orderbooks being empty on the ask sides and people borrowing at 4% / 9% per day (as depicted on bfxdata). That'd be 1.6 million % / 45 trilliion % annualized !! So I'm guessing: glitch.

I don't see where this 4-9% interest per day is coming from when the swap rates are hovering around the .04% level. I'd love to have that higher interest on the coins I'm lending.

hellscabane

legendary

Activity: 896

Merit: 1000

This doesn't necessarily mean anything in terms of a price swing if financial duration isn't given.

For example, a currency swap market with high volumes of contracts but also high ModD would naturally be exposed to a lower level of volatility, but the same market with a low volume of contracts and low ModD would likely be prone to significant price swings.

molecular

donator

Activity: 2772

Merit: 1019

zoom in!

enhance!

shit! it's still just one data point. Another indication that it's a glitch.

Tzupy

legendary

Activity: 2170

Merit: 1094

A recording of the presumable glitch.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: Tzupy on April 20, 2015, 08:42:42 AM

Yesterday there were huge spikes (now they are back to normal) in both BTC and USD swap rates, was it a glitch or is there some explanation?

I'm not sure, didn't see the swap market order books at the time.

They look healthy now with 2.4 kBTC and 2 million USD offered at "flash return" rate and more at higher, but still "reasonable" rates.

I'm having a hard time imagining those orderbooks being empty on the ask sides and people borrowing at 4% / 9% per day (as depicted on bfxdata). That'd be 1.6 million % / 45 trilliion % annualized !! So I'm guessing: glitch.

Tzupy

legendary

Activity: 2170

Merit: 1094

Yesterday there were huge spikes (now they are back to normal) in both BTC and USD swap rates, was it a glitch or is there some explanation?

pleaseexplain

member

Activity: 73

Merit: 10

to me this sounds like its going to turn sour. as the exchanges are not regulated etc essentially people cannot tell what is real inside what the exchange is doing. that is how the market got goxed.

with all this shorting I am sure the exchange itself is tempted if not actually doing something for it to clean up big time itself as a player in its own market place.

if playing poker would you allow the dealer to choose how many aces were in the pack and not just the "proper' number of 4.

I see blood everywhere.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: ?? on ??

Quote from: ensurance982 on April 20, 2015, 06:38:20 AM

Their future markets seem to behave a bit funky these days, aren't they? I wouldn't be surprised if at least one Chinese exchange pulled a Gox, or at least a Stamp at some point this year or maybe next year.

I don't know about other chinese exchanges, but OKCoin seems extremely stable. I'm pretty sure that BTC-e will be gone in 2016 tho

? Like Mt.Gox kind of gone?

Topic: Shorts on Bitfinex at a all time high! - page 5. (Read 9889 times)