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Topic: The state of crypto - The only serious thread on the subforum (Read 19408 times)

sr. member
Activity: 686
Merit: 270
FREEDOM RESERVE
Subtle anti ethereum fud.
legendary
Activity: 2044
Merit: 1005
legendary
Activity: 1596
Merit: 1027
Great thread and very nice article.
thank you!
I totally agree with you! I also found a very similar article mentioning another point of view:

http://www.makeuseof.com/tag/current-state-cryptocurrency/
legendary
Activity: 2702
Merit: 1064
Juicin' crypto
Wildbeastbitcoin $WBB and 1EX.Trade will hopefully bring about some much needed positive change and legitimacy to crypto and alts!  just saying! Wink  Cool
legendary
Activity: 3906
Merit: 1403
Life, Love and Laughter...
Funny I didn't notice this.  Bookmarked it for later.  Thanks for the write up, r0achie.  Smiley
legendary
Activity: 1260
Merit: 1000
It appears we have already reached full blown collusion in Bitcoin.  I suspect this would eventually lead to a US vs China vs Russia vs Europe arrangement:

Quote
“It is obvious that block propagation is too slow already,” Wuille said. “A recent software update revealed that several mining pools maintain arrangements where they share block headers – the minimal required part of an actual block – the moment they find a new block. All miners in on the deal then start mining on top of that block header instead of waiting for the full block to propagate over the network – waiting would cut into their profits too much.”

https://bitcoinmagazine.com/articles/decentralist-perspective-bitcoin-might-need-small-blocks-1442090446
legendary
Activity: 1260
Merit: 1000
I agree this is off-topic so create a new thread for it.

Made a new thread for it here, will be intersting to see how this turns out because he's currently digging himself a deeper hole:

Overleveraged buffoon creates biggest Mexican standoff in Altcoin history

https://bitcointalksearch.org/topic/overleveraged-buffoon-creates-biggest-mexican-standoff-in-altcoin-history-1194800
legendary
Activity: 924
Merit: 1000
I think you're about to see the largest margin call in Poloniex history.  

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.  

Now this guy has to buy 100 BTC worth straight off the sell wall or wait for the price to go higher and get margin called.  Depending if he manually covers his short or waits to get margin called, the price is immediately going to go somewhere between 2900-3100 relatively soon.

Wow! FYI, the term you're looking for is "short squeeze".
sr. member
Activity: 252
Merit: 250
I think you're about to see the largest margin call in Poloniex history.  

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.  

Now this guy has to buy 100 BTC worth straight off the sell wall or wait for the price to go higher and get margin called.  Depending if he manually covers his short or waits to get margin called, the price is immediately going to go somewhere between 2900-3100 relatively soon.

There's also nobody selling for him to cover his short either because a double sell off wave just happened.  He keeps trying to dump into buy support to stop the rise just digging himself deeper in the hole:



Any estimation on % of losses he might have?

people... please be aware... polo does not show its margin positions. its impossible to tell if this is a margin position or a normal sell.
as bitshares was MUCH higher in the past its very likely this is an old holder cashing out...

can we go back to topic please?
sr. member
Activity: 289
Merit: 250
I think you're about to see the largest margin call in Poloniex history.  

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.  

Now this guy has to buy 100 BTC worth straight off the sell wall or wait for the price to go higher and get margin called.  Depending if he manually covers his short or waits to get margin called, the price is immediately going to go somewhere between 2900-3100 relatively soon.

There's also nobody selling for him to cover his short either because a double sell off wave just happened.  He keeps trying to dump into buy support to stop the rise just digging himself deeper in the hole:



Any estimation on % of losses he might have?
hero member
Activity: 624
Merit: 500
I think you're about to see the largest margin call in Poloniex history.  

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.  

Now this guy has to buy 100 BTC worth straight off the sell wall or wait for the price to go higher and get margin called.  Depending if he manually covers his short or waits to get margin called, the price is immediately going to go somewhere between 2900-3100 relatively soon.

There's also nobody selling for him to cover his short either because a double sell off wave just happened.  He keeps trying to dump into buy support to stop the rise just digging himself deeper in the hole:



I agree this is off-topic so create a new thread for it. I am finding this fascinating and would like to see what happens.

How did you get all the details? Can you see other members shorts?
legendary
Activity: 1260
Merit: 1000
relevant how  Huh

The politics of crypto are even more interesting than the actual coins sometimes.

trading sub forum at best.

I tried to sell a Kelsey but nobody would buy it !
legendary
Activity: 1876
Merit: 1000
relevant how  Huh

The politics of crypto are even more interesting than the actual coins sometimes.

trading sub forum at best.
legendary
Activity: 1260
Merit: 1000
relevant how  Huh

The politics of crypto are even more interesting than the actual coins sometimes.
legendary
Activity: 1876
Merit: 1000
I think you're about to see the largest margin call in Poloniex history.  


relevant how  Huh
legendary
Activity: 1260
Merit: 1000
I think you're about to see the largest margin call in Poloniex history.  

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.  

Now this guy has to buy 100 BTC worth straight off the sell wall or wait for the price to go higher and get margin called.  Depending if he manually covers his short or waits to get margin called, the price is immediately going to go somewhere between 2900-3100 relatively soon.

There's also nobody selling for him to cover his short either because a double sell off wave just happened.  He keeps trying to dump into buy support to stop the rise just digging himself deeper in the hole:

legendary
Activity: 2968
Merit: 1198
Is Anonymint still alive? 
He likes to rename himself once a while. Prob sells his account to put food on the table.

No his old accounts are unused. He says that he just scrambles the passwords and abandons them. To each his own, shrug.

https://bitcointalksearch.org/user/anonymint-88197
https://bitcointalksearch.org/user/iamback-408792
etc. etc.
legendary
Activity: 2044
Merit: 1005
Is Anonymint still alive? 
He likes to rename himself once a while. Prob sells his account to put food on the table.
legendary
Activity: 1260
Merit: 1000
legendary
Activity: 2968
Merit: 1198
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