This Bitfinex Credit Bubble cannot end well - page 8.

DaRude

legendary

Activity: 2833

Merit: 1851

In order to dump coins one must have coins

Quote from: myself on October 27, 2014, 03:05:07 AM

Quote from: ask on October 27, 2014, 02:48:49 AM

Quote from: Yololintian on October 27, 2014, 02:38:37 AM

Pretty sure this is manipulation. Someone is taking all the btc swap offers but not actually shorting.

So new shorters are not able to open new short positions. Ups. Do i smell direction north?

i explained this above

Quote from: myself on October 26, 2014, 11:26:43 AM

lets put some logic to the table and to provide proof why hampering the free market by placing arbitrary rules is bad

for some reason BFX have a 1% cap or soft cap at 1% interest per day in a squeeze scenario the price move is much more above (FRR and all that )

1% at current price is 3,52usd this is the maximum interest to pay for 1 day/btc , in a squeeze scenario does the price more above 3,52 USD/24h ? hell yea
so it can be quite profitable so borrow BTC if you are in a long long position just to make the loans BTC loans more expensive

also in a long squeeze scenario it can be quite profitable to borrow USD if you are in a short position just to make USD loans more expensive

Unless he's just accumulating to dump all at once and squeeze longs?

ask

legendary

Activity: 1386

Merit: 1004

Quote from: myself on October 27, 2014, 03:05:07 AM

Quote from: ask on October 27, 2014, 02:48:49 AM

Quote from: Yololintian on October 27, 2014, 02:38:37 AM

Pretty sure this is manipulation. Someone is taking all the btc swap offers but not actually shorting.

So new shorters are not able to open new short positions. Ups. Do i smell direction north?

i explained this above

Quote from: myself on October 26, 2014, 11:26:43 AM

lets put some logic to the table and to provide proof why hampering the free market by placing arbitrary rules is bad

for some reason BFX have a 1% cap or soft cap at 1% interest per day in a squeeze scenario the price move is much more above (FRR and all that )

1% at current price is 3,52usd this is the maximum interest to pay for 1 day/btc , in a squeeze scenario does the price more above 3,52 USD/24h ? hell yea
so it can be quite profitable so borrow BTC if you are in a long long position just to make the loans BTC loans more expensive

also in a long squeeze scenario it can be quite profitable to borrow USD if you are in a short position just to make USD loans more expensive

Thx. So someone is preparing ground for a short squeeze. We will see how this will roll out.

myself

legendary

Activity: 938

Merit: 1000

chaos is fun...…damental :)

Quote from: ask on October 27, 2014, 02:48:49 AM

Quote from: Yololintian on October 27, 2014, 02:38:37 AM

Pretty sure this is manipulation. Someone is taking all the btc swap offers but not actually shorting.

So new shorters are not able to open new short positions. Ups. Do i smell direction north?

i explained this above

Quote from: myself on October 26, 2014, 11:26:43 AM

lets put some logic to the table and to provide proof why hampering the free market by placing arbitrary rules is bad

for some reason BFX have a 1% cap or soft cap at 1% interest per day in a squeeze scenario the price move is much more above (FRR and all that )

1% at current price is 3,52usd this is the maximum interest to pay for 1 day/btc , in a squeeze scenario does the price more above 3,52 USD/24h ? hell yea
so it can be quite profitable so borrow BTC if you are in a long long position just to make the loans BTC loans more expensive

also in a long squeeze scenario it can be quite profitable to borrow USD if you are in a short position just to make USD loans more expensive

ask

legendary

Activity: 1386

Merit: 1004

Quote from: Yololintian on October 27, 2014, 02:38:37 AM

Pretty sure this is manipulation. Someone is taking all the btc swap offers but not actually shorting.

So new shorters are not able to open new short positions. Ups. Do i smell direction north?

Yololintian

sr. member

Activity: 293

Merit: 250

Pretty sure this is manipulation. Someone is taking all the btc swap offers but not actually shorting.

RoadTrain

legendary

Activity: 1386

Merit: 1009

Quote from: molecular on October 27, 2014, 02:08:24 AM

Quote from: RoadTrain on October 27, 2014, 01:48:50 AM

If I were a shorter I'd be scared as hell right now.

Couldn't it be some kind of manipulation? I mean, funds are borrowed, but not used to short yet.

How do you determine this?

I can't, I can only guess, but it's possible. The question is whether it's probable.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: RoadTrain on October 27, 2014, 01:48:50 AM

If I were a shorter I'd be scared as hell right now.

Couldn't it be some kind of manipulation? I mean, funds are borrowed, but not used to short yet.

How do you determine this?

ask

legendary

Activity: 1386

Merit: 1004

Quote from: RoadTrain on October 27, 2014, 01:48:50 AM

If I were a shorter I'd be scared as hell right now.

Couldn't it be some kind of manipulation? I mean, funds are borrowed, but not used to short yet.

It could be a manipulation. It takes less risk to borrow and to pay only interests instead to open short position. If borrower had intentions to short, he would already done that. But he is aware of the risk so he tries to make bearish sentiment again to close his existing short position.

Pkuwag

member

Activity: 87

Merit: 10

premature to say it.

RoadTrain

legendary

Activity: 1386

Merit: 1009

If I were a shorter I'd be scared as hell right now.

Couldn't it be some kind of manipulation? I mean, funds are borrowed, but not used to short yet.

N12

donator

Activity: 1610

Merit: 1010

Damn, 17,794.12 BTC

Omikifuse

legendary

Activity: 1834

Merit: 1009

Quote from: N12 on October 27, 2014, 01:30:42 AM

17,253.67 BTC

seems big.

But seems we will see even bigger numbers until the end of year.

Things don't look good

N12

donator

Activity: 1610

Merit: 1010

17,253.67 BTC

inca

legendary

Activity: 1176

Merit: 1000

Quote from: Yololintian on October 26, 2014, 02:45:06 PM

It took about 2 months for the longs to get squeezed, after they had overextended significantly, and there were only 3k shorts at that time, so buying pressure from those was very low once we broke below $600. There are still about 30-50k btc long positions that will allow short covering.

I think we will see a continued downtrend and make a new low, with shorts growing to new highs along the way. Capitulation brought many many more coins to exchanges, so volume will seem a lot higher than previous months. Either way, the short squeeze is going to be glorious when it finally happens.

You could be right. Shorts at ATH now already though.

Yololintian

sr. member

Activity: 293

Merit: 250

It took about 2 months for the longs to get squeezed, after they had overextended significantly, and there were only 3k shorts at that time, so buying pressure from those was very low once we broke below $600. There are still about 30-50k btc long positions that will allow short covering.

I think we will see a continued downtrend and make a new low, with shorts growing to new highs along the way. Capitulation brought many many more coins to exchanges, so volume will seem a lot higher than previous months. Either way, the short squeeze is going to be glorious when it finally happens.

myself

legendary

Activity: 938

Merit: 1000

chaos is fun...…damental :)

lets put some logic to the table and to provide proof why hampering the free market by placing arbitrary rules is bad

for some reason BFX have a 1% cap or soft cap at 1% interest per day in a squeeze scenario the price move is much more above (FRR and all that )

1% at current price is 3,52usd this is the maximum interest to pay for 1 day/btc , in a squeeze scenario does the price more above 3,52 USD/24h ? hell yea
so it can be quite profitable so borrow BTC if you are in a long long position just to make the loans BTC loans more expensive

also in a long squeeze scenario it can be quite profitable to borrow USD if you are in a short position just to make USD loans more expensive

nakaone

hero member

Activity: 742

Merit: 500

insider information?

molecular

donator

Activity: 2772

Merit: 1019

Quote from: N12 on October 26, 2014, 03:23:34 AM

Total sum of active swaps
16,281.89 BTC

Holy shit.

jesus!

That's an all-time-high.

EDIT: and wow: 0.18 %/day is the swap rate

N12

donator

Activity: 1610

Merit: 1010

Total sum of active swaps
16,281.89 BTC

Holy shit.

myself

legendary

Activity: 938

Merit: 1000

chaos is fun...…damental :)

someone just shorted on the hole Grin

Topic: This Bitfinex Credit Bubble cannot end well - page 8. (Read 62097 times)