Looking at the numbers, I think this s--- is going to drop like a brick any minute. Don't get me wrong, we might even eclipse $400... but this is probably a profit taking opportunity.
Why?
(1) Look at Darkcoin -- it went up at an incredible pace on the dark markets being seized, but now it is down 10% -- perhaps the dark market issue response is over or overblown at this point;
(2) Dollar swaps are actually starting to fall (very slightly);
(3) Shorts are through the roof (but are not yet reflected in the market depth because you can reserve BTCs for a short without putting them into direct action).
In a nutshell, good on you if you called this jump and made some money, but I'd suggest taking profits now and looking for the next pivot point.
NOTE: This review does not account for mythical creatures like unicorns nor does it account for news on the ETF front.
NOTE #2: I also wouldn't suggest opening a short at this point, either. There's still a good chance you could get burnt big time.
Dark got pumped due to the darknet market news, now it will go back down because it was a pump.
Shorts through the roof != a reason to go down, if anything its a reason to go up as they get squeezed. (I dont buy the not reflected in the price statement as most people dont reserve BTC before selling them they just carry out the trade and autolend, the interest rates dont change that much so whats the point of reserving)
I am not sure but I think you can reserve the amount (so the pool won't run out before you finish spending as much as you planned to) but not the interest rate. The interest will dynamically change along the road depending on the swap "market" (who lends how much for what cost at any given point in time).
I experienced a dynamic interest rate increase when Bitfinex swaps went above 20k BTC, however that was "auto borrow" not a manually reserved swap (I have never tried to use that function but I think those swaps come from the exact same p2p pool, so should behave exactly the same).
