someone shorted 5K BTC on bitfinex - wow - what a brave move!

EternalWingsofGod

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Quote from: zby on October 30, 2015, 01:00:04 AM

Does not seem closed yet: https://bfxdata.com/swaphistory/btc

I guess it can give us some fireworks later.

I am not sure on how to read that chart all I see is a spike for 6382 Bitcoin on October 29 and a chart that seems to be at that stabalized at that new high level, but I presume they might be testing to see if the market swings back in their direction instead of rebalancing at this point that or as already mentioned they are placing a hedge in this market.

bitmarket.net

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We don't know the full story.

This person might as well be hedging part of his even larger long position, in which case it wouldn't be such a bad move.

Raimonn

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With this big volumen on china i don't recommend to anyone to be short on bitcoin. Every day on morning when chinese users wake up bitcoin prices start to climb, some day bitcoin price can go down but with this volume i don't expect to see it another time lower than 300$

Denker

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Quote from: adamstgBit on October 29, 2015, 04:21:14 PM

eat your bitcoins Chain.

Where can I get that?
Looks really delicious!
Great morning.Woke up, checked the price, and I'm stunned!!

Tstar

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Decentralized Asset Management Platform

If Chinese keep on buying we are going to have a nice Christmas.
According to the trading volume Chinese exchanges are more than 90% of the trading volume.
A 5K short seems a big thing and it is actually but if we put it in the big picture is just a grain of sand of what is happening in China!

Okcoin had a trading volume of 1.300.000 BTC in the last day.

That's huge

Soros Shorts

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Quote from: mmortal03 on October 30, 2015, 02:48:21 AM

Quote from: zimmah on October 29, 2015, 05:30:38 PM

Quote from: smoothie on October 29, 2015, 05:15:05 PM

Quote from: zimmah on October 29, 2015, 02:15:23 PM

He's about to get zhou thonged.

Is this a new meme?

Zoo-Thonged? lol

Zhou-tonged then.

Since I prefer not to see Borat thonged, I also prefer not to see Zhou thonged.

Mmmm ... thong made of emery cloth

mmortal03

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Quote from: zimmah on October 29, 2015, 05:30:38 PM

Quote from: smoothie on October 29, 2015, 05:15:05 PM

Quote from: zimmah on October 29, 2015, 02:15:23 PM

He's about to get zhou thonged.

Is this a new meme?

Zoo-Thonged? lol

Zhou-tonged then.

Since I prefer not to see Borat thonged, I also prefer not to see Zhou thonged.

adaseb

legendary

Activity: 3808

Merit: 1723

So its a $2,000,000 short of ~6000 BTC.

He's negative $127,000 currently.

NorrisK

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Quote from: zby on October 30, 2015, 01:00:04 AM

Does not seem closed yet: https://bfxdata.com/swaphistory/btc

I guess it can give us some fireworks later.

They must know something we all don't. This is a huge risk to leave it open with hardly signs for short term decline.

Or he must bet on the correction, but indeed, why he used an open order, it cries for people to take advantage of you.

zby

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Does not seem closed yet: https://bfxdata.com/swaphistory/btc

I guess it can give us some fireworks later.

adaseb

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I am sure he had his reasons for the short. However one thing I don't understand is why do a market sell instead of using a hidden limit order.

Raimonn

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be short on Btc now has an high risk, the chines market is buying a lot, new users are coming to bitcoin, an old users are seeing this climbing movement as the prelude of the halving with big prices.

zimmah

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Quote from: smoothie on October 29, 2015, 05:15:05 PM

Quote from: zimmah on October 29, 2015, 02:15:23 PM

He's about to get zhou thonged.

Is this a new meme?

Zoo-Thonged? lol

Zhou-tonged then.

smoothie

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Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: zimmah on October 29, 2015, 02:15:23 PM

He's about to get zhou thonged.

Is this a new meme?

Zoo-Thonged? lol

adamstgBit

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Trusted Bitcoiner

eat your bitcoins Chain.

zimmah

legendary

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Quote from: ?? on ??

Volatility is higher now so it could easily go sub-$300 again.

sooner or later overconfident bears will go bust. The profit has to come from somewhere.

A lot of bulls will make money, that money will be partly because of new investors, but a large part will also come from broke bears.

Thanks for your donation infidels.

NorrisK

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Merit: 1007

Very brave move, but it may very well pay off big time. A correction is about to hit the price hard, it is just going to fast at the moment.

And if people start doing these kinds of stuff more, that also means those people are not putting any money on the other side anymore. Maybe they are even partially responsible for the price increase and are now fairly certain it will drop.

peonminer

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Crypto is King.

Quote from: Cconvert2G36 on October 29, 2015, 03:41:17 PM

Hero or Zero.

I like his style.

minute millionaire

Cconvert2G36

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Hero or Zero.

I like his style.

spazzdla

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Quote from: ?? on ??

Bear will get slaughtered

Eventually this will happen.. when they have to start covering their shorts... you ain't seen nothing yet.

IMO this is one final pump and dump before the halving rise, I hope I am wrong.

Topic: someone shorted 5K BTC on bitfinex - wow - what a brave move! (Read 2499 times)