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1/
Bitfinex Futures stats:
BTC
1177 long
192 short
Long/Short Ratio 86:14
BCH
1072 long
311 short
Long/Short Ratio 78:22
BSV
10,264 long
93,918 short
Long/Short Ratio 10:90...Yes That is correct
Bitfinex Futures stats:
BTC
1177 long
192 short
Long/Short Ratio 86:14
BCH
1072 long
311 short
Long/Short Ratio 78:22
BSV
10,264 long
93,918 short
Long/Short Ratio 10:90...Yes That is correct
2/
Everyone knows how corrupt the Bitfinex/Tether group is and the risks they will take to prevent $BSV from succeeding. Let's face it, an $18.5 million dollar settlement was small potatoes to these guys plus the fine was for $850 million that went "missing"
Everyone knows how corrupt the Bitfinex/Tether group is and the risks they will take to prevent $BSV from succeeding. Let's face it, an $18.5 million dollar settlement was small potatoes to these guys plus the fine was for $850 million that went "missing"
3/
(10/26/2020) there were 79,341 short contracts on Bitfinex price $150 - $11,901,150
Now there are 93,906 short contracts on Bitfinex price $304- $28,547,424 making it a (-$16,646,274) trade plus what ever carry costs are per month and yet they still are pilling on
(10/26/2020) there were 79,341 short contracts on Bitfinex price $150 - $11,901,150
Now there are 93,906 short contracts on Bitfinex price $304- $28,547,424 making it a (-$16,646,274) trade plus what ever carry costs are per month and yet they still are pilling on
4/
How do you not get liquidated in the above scenario. One way is to just mint new stable coins and use them to buy the shorts and therefore have no carry cost and no real "cost" associated with the shorts
How do you not get liquidated in the above scenario. One way is to just mint new stable coins and use them to buy the shorts and therefore have no carry cost and no real "cost" associated with the shorts
5/
BSV may become the most used coin in the space but will never find it's value until someone with deep pockets decides to go on Bitfinex and put their money in enough long contracts to get the ratio at a normal level and continue to pour on when Bitfinex piles on shorts
BSV may become the most used coin in the space but will never find it's value until someone with deep pockets decides to go on Bitfinex and put their money in enough long contracts to get the ratio at a normal level and continue to pour on when Bitfinex piles on shorts
6/
This could cost as much as $150,000,000 to initially get to a normal ratio of long to shorts but I am guessing the return would be at least 5x. I know 2 that could pull this off. I think $1500 is a very fair to low value for what BSV has going for it already
This could cost as much as $150,000,000 to initially get to a normal ratio of long to shorts but I am guessing the return would be at least 5x. I know 2 that could pull this off. I think $1500 is a very fair to low value for what BSV has going for it already
Who rides a short from 496 to 202 (which is a big support) and never takes at least a partial $10-20 million profit?
