Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21973.

inca

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Quote from: bad trader on April 17, 2015, 09:45:17 AM

Quote from: sleger on April 17, 2015, 09:16:14 AM

Quote from: bad trader on April 17, 2015, 09:14:56 AM

What happens to Bitfinex if the long squeeze comes and the bids get wiped? Will the dollar lenders lose their money if the longs are unable to close?

I certainly hope so, otherwise why would they get paid 30% if there was no risk involved ?

It would be assuring for everyone with any money on Bitfinex to know what their policy is in this situation. They could haircut everyone, including exchange accounts, or go gox for all I know.

Dont be silly.

Fatman3001

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Quote from: damiano on April 17, 2015, 09:42:43 AM

Quote from: bad trader on April 17, 2015, 09:14:56 AM

What happens to Bitfinex if the long squeeze comes and the bids get wiped? Will the dollar lenders lose their money if the longs are unable to close?

Thats an excellent question.

I can't see anything on the website talking about this, but if orders cannot be filled while being liquidated I would assume the lender would be at a loss then, unless there is an insurance fund available to cover this or bitfinex would cover the difference?

Okcoin has a pretty good engine when it comes to liquidation, they also have an insurance fund. The shitty thing is on Okcoin they will prioritize high risk positions and prematurely liquidate them earlier than they should. I was force liquidated a month ago $1 early.

Sorry about the loss, but thank lord you can be wrong. I've been biting nails all morning.

bad trader

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Activity: 344

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Quote from: sleger on April 17, 2015, 09:16:14 AM

Quote from: bad trader on April 17, 2015, 09:14:56 AM

What happens to Bitfinex if the long squeeze comes and the bids get wiped? Will the dollar lenders lose their money if the longs are unable to close?

I certainly hope so, otherwise why would they get paid 30% if there was no risk involved ?

It would be assuring for everyone with any money on Bitfinex to know what their policy is in this situation. They could haircut everyone, including exchange accounts, or go gox for all I know.

damiano

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Activity: 1246

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103 days, 21 hours and 10 minutes.

Quote from: bad trader on April 17, 2015, 09:14:56 AM

What happens to Bitfinex if the long squeeze comes and the bids get wiped? Will the dollar lenders lose their money if the longs are unable to close?

Thats an excellent question.

I can't see anything on the website talking about this, but if orders cannot be filled while being liquidated I would assume the lender would be at a loss then, unless there is an insurance fund available to cover this or bitfinex would cover the difference?

Okcoin has a pretty good engine when it comes to liquidation, they also have an insurance fund. The shitty thing is on Okcoin they will prioritize high risk positions and prematurely liquidate them earlier than they should. I was force liquidated a month ago $1 early.

Fatman3001

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Make Bitcoin glow with ENIAC

Quote from: Norway on April 17, 2015, 09:19:08 AM

Quote from: Fatman3001 on April 17, 2015, 08:12:42 AM

Quote from: bad trader on April 17, 2015, 08:00:22 AM

Why is Bitfinex so bearish compared to others?

That. BTC-E is normally $5-10 under finex.

It's been almost $2 between Huobi and Bitfinex for a couple of days. I have been thinking for a while about starting arbitrage trading. I don't believe in TA (Asstrology) and I can't predict the future. Also, it's easy and cheap to move BTC between exchanges (but not other currencies, could be a disadvantage). I have never traded on an exchange before (I just bought my bitcoins from a guy), yet I watch Bitcoinwisdom and am capable of coding my own user interface with the exchanges APIs. I don't want to make a "bot" (even if I actually could, given time and money), but more like a button I can press when two exchanges are in disharmony (One sell, one buy, same amount of BTC).

My question is: Do anybody in this thread have experience with arbitrage trading? Are the margins too small?

There it is. Now, time for "FRIDAY NIGHT VODKA PARTY ALONE IN A TWO ROOM FLAT IN THE SUBURBS OF OSLO"!!! Whoohoooooo! Undecided

Just to add to the question. Would it make sense to use litecoin to transfer money from one exchange to another without using fiat?

esse83

hero member

Activity: 545

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Bitfinex pretty much fucked up by trying to perform "controlled" margin calls, it worked in the past. This time the bid side is anemic and they are not quite sure what to do. It's a disaster waiting to happen. Expect finex to be out of business soonish.

noobtrader

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Quote from: Norway on April 17, 2015, 09:19:08 AM

Quote from: Fatman3001 on April 17, 2015, 08:12:42 AM

Quote from: bad trader on April 17, 2015, 08:00:22 AM

Why is Bitfinex so bearish compared to others?

That. BTC-E is normally $5-10 under finex.

It's been almost $2 between Huobi and Bitfinex for a couple of days. I have been thinking for a while about starting arbitrage trading. I don't believe in TA (Asstrology) and I can't predict the future. Also, it's easy and cheap to move BTC between exchanges (but not other currencies, could be a disadvantage). I have never traded on an exchange before (I just bought my bitcoins from a guy), yet I watch Bitcoinwisdom and am capable of coding my own user interface with the exchanges APIs. I don't want to make a "bot" (even if I actually could, given time and money), but more like a button I can press when two exchanges are in disharmony (One sell, one buy, same amount of BTC).

My question is: Do anybody in this thread have experience with arbitrage trading? Are the margins too small?

There it is. Now, time for "FRIDAY NIGHT VODKA PARTY ALONE IN A TWO ROOM FLAT IN THE SUBURBS OF OSLO"!!! Whoohoooooo! Undecided

most likely the margin only cover trading fee, not mention the witdrawal fee if you insist to withdraw the coin too

Norway

sr. member

Activity: 406

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Quote from: Fatman3001 on April 17, 2015, 08:12:42 AM

Quote from: bad trader on April 17, 2015, 08:00:22 AM

Why is Bitfinex so bearish compared to others?

That. BTC-E is normally $5-10 under finex.

It's been almost $2 between Huobi and Bitfinex for a couple of days. I have been thinking for a while about starting arbitrage trading. I don't believe in TA (Asstrology) and I can't predict the future. Also, it's easy and cheap to move BTC between exchanges (but not other currencies, could be a disadvantage). I have never traded on an exchange before (I just bought my bitcoins from a guy), yet I watch Bitcoinwisdom and am capable of coding my own user interface with the exchanges APIs. I don't want to make a "bot" (even if I actually could, given time and money), but more like a button I can press when two exchanges are in disharmony (One sell, one buy, same amount of BTC).

My question is: Do anybody in this thread have experience with arbitrage trading? Are the margins too small?

There it is. Now, time for "FRIDAY NIGHT VODKA PARTY ALONE IN A TWO ROOM FLAT IN THE SUBURBS OF OSLO"!!! Whoohoooooo! Undecided

sleger

full member

Activity: 167

Merit: 100

Quote from: bad trader on April 17, 2015, 09:14:56 AM

What happens to Bitfinex if the long squeeze comes and the bids get wiped? Will the dollar lenders lose their money if the longs are unable to close?

I certainly hope so, otherwise why would they get paid 30% if there was no risk involved ?

bad trader

sr. member

Activity: 344

Merit: 250

What happens to Bitfinex if the long squeeze comes and the bids get wiped? Will the dollar lenders lose their money if the longs are unable to close?

damiano

legendary

Activity: 1246

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103 days, 21 hours and 10 minutes.

Quote from: inca on April 17, 2015, 08:41:31 AM

My play stash is waiting to buy in at 198.

That said it could be a ruse to draw in shorts. 4.5k added today. Longs unchanged at 25M. A quick flash crash into the 1xx's would be painful but isn't out of the question.

I get the feeling it is the same guys moving the price up and down and manipulating the orderbooks.

Theres probably about 10k in dark orders down to 200 I would imagine.

Torque

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Quote from: inca on April 17, 2015, 08:41:31 AM

My play stash is waiting to buy in at 198.

That said it could be a ruse to draw in shorts. 4.5k added today. Longs unchanged at 25M. A quick flash crash into the 1xx's would be painful but isn't out of the question.

I get the feeling it is the same guys moving the price up and down and manipulating the orderbooks.

Always remember this: At the beginning of Oct 2013, bitcoin was still going sideways with little volume. Then there was a sudden 30% flash crash (130--> 90). Then it immediately rose, and the rally took off soon after that.

Hmmm, thinking back, I wonder why someone would want to flash crash the market right before starting a huge rally? Wink

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coin

Explanation

inca

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Activity: 1176

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My play stash is waiting to buy in at 198.

That said it could be a ruse to draw in shorts. 4.5k added today. Longs unchanged at 25M. A quick flash crash into the 1xx's would be painful but isn't out of the question.

I get the feeling it is the same guys moving the price up and down and manipulating the orderbooks.

ssmc2

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Activity: 2002

Merit: 1040

Buckle up gentlemen.

damiano

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Activity: 1246

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103 days, 21 hours and 10 minutes.

Quote from: Tzupy on April 17, 2015, 08:20:21 AM

Quote from: Fatman3001 on April 17, 2015, 08:12:42 AM

Quote from: bad trader on April 17, 2015, 08:00:22 AM

Why is Bitfinex so bearish compared to others?

That. BTC-E is normally $5-10 under finex.

Still over 25 million $ in longs. If they would close, they would wipe the bids multiple times. Probability of a long squeeze during a new crash is high.

It's going to get ugly pretty soon, bids are so thin currently

Tzupy

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Quote from: Fatman3001 on April 17, 2015, 08:12:42 AM

Quote from: bad trader on April 17, 2015, 08:00:22 AM

Why is Bitfinex so bearish compared to others?

That. BTC-E is normally $5-10 under finex.

Still over 25 million $ in longs. If they would close, they would wipe the bids multiple times. Probability of a long squeeze during a new crash is high.

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC