Warning: How many of you Bears have ever been a victim of a Short Squeeze? - page 31.

Litt

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Quote from: cypherdoc on October 20, 2011, 08:37:11 AM

Quote from: sadpandatech on October 20, 2011, 08:26:56 AM

Me thinks people spend too much mental energy arguing such things.

It's pretty easy to spot the bear shit while walking through the forest. Even if you can't see the bear, you would still reconize it as bear shit and would avoid stepping in it. right?
It probably smells too, especially if its fresh. Just sayin'.

Cheers

you're absolutely right. focus on the fundamentals. no blockchain disruptions. no security experts like Dan Kaminsky have found ANY holes in the code. no major failures at mtgox since the one time hack. innovations continue to appear everyday. Bitcoin marches on.

what about bull shit?

cypherdoc

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Quote from: sadpandatech on October 20, 2011, 08:26:56 AM

Me thinks people spend too much mental energy arguing such things.

It's pretty easy to spot the bear shit while walking through the forest. Even if you can't see the bear, you would still reconize it as bear shit and would avoid stepping in it. right?
It probably smells too, especially if its fresh. Just sayin'.

Cheers

you're absolutely right. focus on the fundamentals. no blockchain disruptions. no security experts like Dan Kaminsky have found ANY holes in the code. no major failures at mtgox since the one time hack. innovations continue to appear everyday. Bitcoin marches on.

sadpandatech

hero member

Activity: 504

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Me thinks people spend too much mental energy arguing such things.

It's pretty easy to spot the bear shit while walking through the forest. Even if you can't see the bear, you would still reconize it as bear shit and would avoid stepping in it. right?
It probably smells too, especially if its fresh. Just sayin'.

Cheers

cypherdoc

legendary

Activity: 1764

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its very simple and straightforward. guys like Nagle and Shinobi and the rest of the Bears should take the free money at $2 via all the shorts they can get their hands on and wait for the price to go to zero. its a foregone conclusion.

Nagle: "This thing is over." "Get out now!"

there has never been an easier way to make USD's than right now!

cypherdoc

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Quote from: Cluster2k on October 20, 2011, 06:39:47 AM

Quote from: cypherdoc on October 20, 2011, 12:33:13 AM

yeah, but this is different. at Bitcoincharts you can see the order book. look at the USD amount stacked up on the bid side esp. at $2. if all those buyers decide to hit the ask side it would wipe out the entire book and the shorts will get hurt badly.

I'm part of the $2 bid 'wall', simply because people run around this forum chanting things about The Manipulator. Well, it sounds like a fun game. I want to have a snazzy title too.

I can assure you I have no intention of raising my bid from $2. If anything, I'm going to drop it if the asks approach $2 at a rapid pace. I almost pulled out when the 'wall' was sniffed at $2.04. I also have no shorts and will not consider taking any out in a commodity as highly variable as bitcoin. Back in September we saw hacked accounts being used to wildly swing bitcoin's price. It swung 50% within minutes. That's an insane market to short.

yes. maybe i should start manipulating too.

Cluster2k

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Quote from: cypherdoc on October 20, 2011, 12:33:13 AM

yeah, but this is different. at Bitcoincharts you can see the order book. look at the USD amount stacked up on the bid side esp. at $2. if all those buyers decide to hit the ask side it would wipe out the entire book and the shorts will get hurt badly.

I'm part of the $2 bid 'wall', simply because people run around this forum chanting things about The Manipulator. Well, it sounds like a fun game. I want to have a snazzy title too.

I can assure you I have no intention of raising my bid from $2. If anything, I'm going to drop it if the asks approach $2 at a rapid pace. I almost pulled out when the 'wall' was sniffed at $2.04. I also have no shorts and will not consider taking any out in a commodity as highly variable as bitcoin. Back in September we saw hacked accounts being used to wildly swing bitcoin's price. It swung 50% within minutes. That's an insane market to short.

cypherdoc

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Quote from: tasarz on October 20, 2011, 12:57:30 AM

I would hope an 'expert' such as yourself would at least know that most of those buy walls are fake.

why don't you try shorting into it?

tasarz

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I would hope an 'expert' such as yourself would at least know that most of those buy walls are fake.

cypherdoc

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Quote from: pennytrader on October 20, 2011, 12:12:26 AM

The title of the post made me laugh. Typical pump-and-dump penny stock newsletter will often pump a penny stock like that "the thing is gong higher because of short squeeze..." (although I don't think BTC is completely a penny stock).

yeah, but this is different. at Bitcoincharts you can see the order book. look at the USD amount stacked up on the bid side esp. at $2. if all those buyers decide to hit the ask side it would wipe out the entire book and the shorts will get hurt badly.

pennytrader

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The title of the post made me laugh. Typical pump-and-dump penny stock newsletter will often pump a penny stock like that "the thing is gong higher because of short squeeze..." (although I don't think BTC is completely a penny stock).

cypherdoc

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imagine that all those bids at $2 get impatient and decide to wipe out all the ask side book. if you're short, you're gonna get killed.

cypherdoc

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Quote from: zhoutong on October 18, 2011, 06:30:41 PM

Quote from: cypherdoc on October 18, 2011, 01:54:51 PM

i just want short sellers to realize that a short squeeze is a predatory manipulation meant to kill the short seller. if there's money to be made doing it, it will happen. and right now, there are alot of people offsides.

There's not enough benefit in this. Most short sellers were shorting since long ago. One of my customers has already made 230% profit. The recent crash only induced more long positions.

Short sellers are far from being liquidated because they have a lot of profits to back their positions.

precisely why they should be liquidating now; when they have those profits. once the trend changes it will be rapid.

zhoutong

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Quote from: cypherdoc on October 18, 2011, 01:54:51 PM

i just want short sellers to realize that a short squeeze is a predatory manipulation meant to kill the short seller. if there's money to be made doing it, it will happen. and right now, there are alot of people offsides.

There's not enough benefit in this. Most short sellers were shorting since long ago. One of my customers has already made 230% profit. The recent crash only induced more long positions.

Short sellers are far from being liquidated because they have a lot of profits to back their positions.

cypherdoc

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i just want short sellers to realize that a short squeeze is a predatory manipulation meant to kill the short seller. if there's money to be made doing it, it will happen. and right now, there are alot of people offsides.

allten

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You Don't Bitcoin 'till You Mint Coin

I just want to make it clear that shorting bitcoin should not be equated with pessimism or negativity.
Bears can turn Bulls and Bulls can turn Bears.
The price was too high to be sustained with the current injection rate + difficulty.
The ability to short has been a blessing to get us back to prices that can be sustained long term.

I do agree that current shorters should throttle off quite a bit - I definitely wouldn't be shorting on margin right now.
They should also start considering going long term bullish. That's where I'm at right now with current prices.

DeathAndTaxes

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Gerald Davis

Quote from: anu on October 18, 2011, 09:20:14 AM

Never been there and don't feel like creating an account. But I'd really like to know: Can you do really naked shorts? Like in betting money you don't have?

No. You have a margin requirement. You can go short but it is backed up by your margin. If you hit marginal call they close your posistion for a max loss.

With the volatility of Bitcoin I wonder how many "traders" have already been stopped out for a max loss.

proudhon

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Quote from: the founder on October 18, 2011, 11:08:44 AM

shorting it at 2.x is crazy... the most you can make is 2.x ... most likely .x

But long it could multiple if held long enough....

I don't know about that. With a flurry of news articles on the horizon about the end of bitcoin I think we'll see another frenzy of dumping which could take bitcoin to levels where we see enough people abandon mining that for the few people still trying to move these things around the blockchain the process gets very, very slow.

cypherdoc

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Quote from: the founder on October 18, 2011, 11:08:44 AM

shorting it at 2.x is crazy... the most you can make is 2.x ... most likely .x

But long it could multiple if held long enough....

yes. being short here could lead to infinite losses when the price turns up.

the founder

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Bitcoin

shorting it at 2.x is crazy... the most you can make is 2.x ... most likely .x

But long it could multiple if held long enough....

cypherdoc

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the connections are up at mtgox and the price is rising. buying going on.

Topic: Warning: How many of you Bears have ever been a victim of a Short Squeeze? - page 31. (Read 43772 times)