Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26252.

adamstgBit

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Quote from: fonzie on August 20, 2014, 03:50:18 AM

Quote from: Newbie1022 on August 20, 2014, 03:45:40 AM

Look at the LTC hogs going up like crazy in a down market. I swear, I think that there is leverage at play and they are going to get slaughtered on the next dip.

On the other hand, and I mention it here for this reason, it could be a sign that we are about to get a bounce on the markets. China's LTC market often times gets a jolt right before the BTC market moves.

Are you´re still trying to short something that already has been down ~90% from it´s last ATH. Roll Eyes

its funny I read Newbie1022, then saw i could get out of LTC with minimal losses, i was going for it, LTCs on there way to btc-e now...

but then fonzie knocked some sense into me.

ChartBuddy

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Explanation

samsonn25

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I suspect this also. Bitfinex no bankroll, but made up inventory to make juice and commission. And encourage more people to gamble.

Newbie1022

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Quote from: fonzie on August 20, 2014, 03:50:18 AM

Quote from: Newbie1022 on August 20, 2014, 03:45:40 AM

Look at the LTC hogs going up like crazy in a down market. I swear, I think that there is leverage at play and they are going to get slaughtered on the next dip.

On the other hand, and I mention it here for this reason, it could be a sign that we are about to get a bounce on the markets. China's LTC market often times gets a jolt right before the BTC market moves.

Are you´re still trying to short something that already has been down ~90% from it´s last ATH. Roll Eyes

Nope. Escaped that other gambit with about a couple dollars lost... I still think it is s--- that might die, though. So I am eyeballing it. That's all.

adamstgBit

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cant sleep.

fonzie

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Quote from: Newbie1022 on August 20, 2014, 03:45:40 AM

Look at the LTC hogs going up like crazy in a down market. I swear, I think that there is leverage at play and they are going to get slaughtered on the next dip.

On the other hand, and I mention it here for this reason, it could be a sign that we are about to get a bounce on the markets. China's LTC market often times gets a jolt right before the BTC market moves.

Are you´re still trying to short something that already has been down ~90% from it´s last ATH. Roll Eyes

findftp

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Delusional crypto obsessionist

Quote from: Newbie1022 on August 20, 2014, 03:45:40 AM

Look at the LTC hogs going up like crazy in a down market. I swear, I think that there is leverage at play and they are going to get slaughtered on the next dip.

On the other hand, and I mention it here for this reason, it could be a sign that we are about to get a bounce on the markets. China's LTC market often times gets a jolt right before the BTC market moves.

I also feel something is in the air.
Alts are behaving strange.
Yesterday I did some TA and came to a shocking conclusion.
Next monday (25th) all alt die and bitcoin will moon.
I hashed my prediction into a bitcoin address and sent some satoshis to it for future reference.
I also did put my money where my mouth is.

Just wait and see.... and otherwise,.. down with the ship.

Newbie1022

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Look at the LTC hogs going up like crazy in a down market. I swear, I think that there is leverage at play and they are going to get slaughtered on the next dip.

On the other hand, and I mention it here for this reason, it could be a sign that we are about to get a bounce on the markets. China's LTC market often times gets a jolt right before the BTC market moves.

FattyMcButterpants

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Quote from: molecular on August 20, 2014, 02:57:25 AM

Does anyone have an explanation on who keeps lending fresh BTC on bitfinex for those shorts?

An interest rate of 0.0055 %/day (2% annual) doesn't seem worth the risk to me.

after BTC swaps shot to 8k BTC, an hour ago there was only miniscule amount available. Now there's again ~ 1000 BTC available to borrow at flash rate of 0.0055 %/day. wtf. who in his right mind is doing this???

wild theory: maybe those are just finexBTC being lent?

dude, come on. 1000 BTC? that's nothing. a year ago we used to see 5k walls, 5k dumps regularly. 9k total swaps and 1000 "fresh" BTC is nothing. any early adopter could be doing this, no need to make any accusations of finexBTC....

fonzie

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If we mange to stay in this price range for 7-14 days longer and the shorts continue to increase around 10-15k then a little rocket will be ready to launch. All we need is a little bit time and more "pro" traders tryin to profit through shortin. Everyone should tell their friends/family to send their money to Finex because shortin BTC right now is practically free money.

thefunkybits

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Quote from: molecular on August 20, 2014, 02:57:25 AM

Does anyone have an explanation on who keeps lending fresh BTC on bitfinex for those shorts?

An interest rate of 0.0055 %/day (2% annual) doesn't seem worth the risk to me.

after BTC swaps shot to 8k BTC, an hour ago there was only miniscule amount available. Now there's again ~ 1000 BTC available to borrow at flash rate of 0.0055 %/day. wtf. who in his right mind is doing this???

wild theory: maybe those are just finexBTC being lent?

Perhaps a large market maker who doesn't mind throwing around 100s or 1000s of BTC simply to provide liquidity at all times

A few candidates come to mind:

Tim Draper
Circle
Keiser/Exante
Winklevoss

Newbie1022

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Quote from: molecular on August 20, 2014, 02:57:25 AM

Does anyone have an explanation on who keeps lending fresh BTC on bitfinex for those shorts?

An interest rate of 0.0055 %/day (2% annual) doesn't seem worth the risk to me.

after BTC swaps shot to 8k BTC, an hour ago there was only miniscule amount available. Now there's again ~ 1000 BTC available to borrow at flash rate of 0.0055 %/day. wtf. who in his right mind is doing this???

wild theory: maybe those are just finexBTC being lent?

Holy s---, hahahaha... they are at 8000 now. WTF? Huh

? I mean, that's terrible news, but it is such a ridiculous number that it is quite funny.

Anybody know if the sells from those coins have already hit the market? Is that already priced in? Or, could they have those coins on the sideline to dick around with?

FattyMcButterpants

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Quote from: rezurect on August 20, 2014, 03:06:32 AM

Damn, squeezed out my long, which has been open for months.I was in @ around 430.
309@btc-e.
Out of position. cant get back in now.

ouch. why would you keep it open for so long? after the cascade on Bitfinex a few days back, i'd have thought it was time to close all leveraged longs given the spike to $100~ in february. sorry, that sucks. Sad

Carsiden

newbie

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Quote from: molecular on August 20, 2014, 02:57:25 AM

Does anyone have an explanation on who keeps lending fresh BTC on bitfinex for those shorts?

Could it be any of the more commercial mining operations that don't want to liquidate their daily BTC in expectation of future rises but need to turn their mining earnings into fiatvaluation for taxation and corporate finance and tax reasons?

rezurect

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Damn, squeezed out my long, which has been open for months.I was in @ around 430.
309@btc-e.
Out of position. cant get back in now.

billyjoeallen

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Hide your women

Quote from: lay785 on August 20, 2014, 02:45:35 AM

why is bitfinex trading at btce price and not stamps?

It's trading between the two. I suspect BTC-e which is usually a bit lower had a few short term profit takers when their deep orders got filled in the crash to $309. Lucky bastards.

Stamp is what I consider the true spot price. the others, even though I have an account and bitfinex, are weighted less.

It pisses me off that we never got any resolution in China. Now I'm always going to be looking for a goxxing from hooboy.

ChartBuddy

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molecular

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Does anyone have an explanation on who keeps lending fresh BTC on bitfinex for those shorts?

An interest rate of 0.0055 %/day (2% annual) doesn't seem worth the risk to me.

after BTC swaps shot to 8k BTC, an hour ago there was only miniscule amount available. Now there's again ~ 1000 BTC available to borrow at flash rate of 0.0055 %/day. wtf. who in his right mind is doing this???

wild theory: maybe those are just finexBTC being lent?

Wandererfromthenorth

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