I've been working with my new offline project during the weekend so I have not been able to follow the markets that well.
Now as I came back online I noticed a big part of my bitcoins have been returned me, still some people are in long positions.
Short position lending I used to have a few thousand coins at the peak (which was lame since my rates were usually the best ones as I wanted to employ my coins), now only less than 50 XMR are in short positions (I have cancelled the auto-renew function in all my lending activities).
Just an observation....
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BTW, what happened on weekend? I saw a huge peak on volumes.... What's the story behind that?
1. Big Wall Man says "DUMP!"
2. People dump!
3. Wall no more.
4. Big Wall Man puts up even bigger wall!
5. Big Wall Man says "ahahahaha!"
6. End.
Oh, sounds like Warz is attempting to build the foundation of his pump.
He claimed it will go to 0.004.... Do you think it will really go that high? I mean, if he sets the target to price x, he needs to sell largish amount of coins and thus he needs to sell it below x (nobody is willing to buy at the peak and if the assumed peak is known by everyone, everyone try to sell prior to it and thus creates lower actual peak).
Lol yea rite. More likely that someone misjudged exactly which orders were margined shorts, and Which ones were shorts, and which ones sold for good.
I see a bunch of ground pounding on the market right now, but nothings moving.
Soon as its less profitable to sell at this price than buy at a lower one, were just gonna be sub 20s again
Lol
Get some new trix fellas
Shorts there weren't that many, this I know from my own experience, but my bitcoins were employed 100 % and pretty quickly when I fed the markets.
That's based on my own experience.
Being a lender on both sides gives me valuable information on what the traders actually think. Often it is different from what you read on forums.
When it comes my personal position, I am not overweighted (as I was during the last pump earlier this spring) but nor malnutrinioned either. My position is pretty much balanced and I am satisfied what I have now.
I have been lending also both btc and xmr and made some minimal amounts of coins (especially minimal amounts from xmr since the rates are pretty bad there).