Here's why BTC is going to going to fucking Andromeda tomorrow >largest amount of shorts ever >meaning the bitcoin has already been sold, and price is still ~8% away from ATH >meaning all the selling pressure is done, only thing left is to buy >...hold on to your butts
Think about it, if it has already been shorted in record numbers and remains untouched, then how could it go any lower if everyone is done selling it?
How do you know more people aren't going to sell tomorrow?
Asher Lewis
it will plummet this week guaranteed the price is "artificially" high right now because many people are holding for the BCC drop if BTC were to moon it would've done so 2-3 days ago, but many people are simply not buying it after BCC is dropped BTC will dip hard since the pressure to hold it is no longer there
Jaxson Thompson
if you *know* the price is going to go down, you would short as soon as you recognize that, otherwise you end up waiting until other people figure the same thing out, and it goes down before you short it
That's part of the contributing factor for the whole bear market the past month or two, a lot of anticipation of tomorrow causing a ruckus (which it did), but the time for predictions is long gone. The only thing left now is for all the shorters to get BTFO tomorrow when it moons and BCC is worth $0.02
Liam Rivera
At what time does the fork actually happen?
Samuel Wood
This. There are chances for a moon mission on the 1st of August but they are very small compared to those of a huge crash.
Landon Kelly
If the price of BTC were "artifically high" because of people who want "muh free muneez" from BCC, then that means they plan on selling BCC when they receive it.
If they plan on selling BCC, then that means the price of BCC is going to plummet.
When BCC plummets, people decide that BTC is the "winner" and reinvest their USDT or FIAT back into BTC and then into alts. Everything besides BCC moons.
they will put it into alts, but not btc because it is already inflated due to the fork
Evan Richardson
oh don't worry I get it just fine, you're just forgetting your conclusion will take days to unfold many panic sellers will sell their BTC in the meantime considering there are many people interested in making BCC a thing it will be a very unstable few days and prices don't go up when it's unstable and at an ATH without a juicy dip before
Gavin Cox
No shit most of those shorts are just people moving back into fiat so they can buy back in cheaper. Then the other half stacking up hard on BTC because they think somehow they can get 'free money' out of this. Thus evens it all out and the price has stayed in relative consolidation over the past few days, meaning what happens with BCC will in fact be what determines whether the price sinks or drops (it'll sink). Fear is universal.
Kayden Smith
Bit coin is at£2121.60 rising steadily!!!
Luis White
holy shit op wasn't lying
all those shorters will have to buy BTC with interest (with interest rates also @ record highs) within a very short time
funniest shit, it's STILL GROWING who the fuck opens a short at this point? is there any reason why anyone who is aware of the current circumstances would open a short position here? or these people all just do 0 analysis behind their decisions?
Jackson Nelson
LTC is bouncing nicely here. We're in this together BTC bros.
Carson Sanders
Could be someone opening up huge shorts to fake everyone out but secretly has even more longs elsewhere.
Owen Davis
Same. All my alts are into BTC time for daddy to get paid
Jordan Sanders
i think it's 12:20 zulu
Charles Wilson
yeah i was thinking the same things user
i have come to the conclusion that yes there are just some people doing 0 analysis and thinking btc will crash extreme tomorrow, but opening a short right now is downright retarded
David Green
you don't pay fees on bitfinex if you leverage 1:1 your position with fiat as collateral. Hold the same amount you're shorting on a cold wallet and there you have it. Any profit / loss is neutral + you still have your free (but it's really free in this case, not memeing) BCH. Not worth all the hassle if you only have 1btc if you ask me, especially since bitfinex won't give 1:1 bitcoincash
William Jenkins
I'm salivating on the pink wojaks you idiots will be posting in the coming days
Yes
I'm opening up longs today. Once BCH plummets, Bitcoin will be crowned the One True King and will rise to a new ATH. Everything is shaping up for that moment. $3k barrier WILL BE BROKEN
Bentley Foster
once we break 3k you think it will take until december to hit 5k? or september 5k?
Austin Barnes
10K next year
Logan Wood
Bummp
Luke Turner
i ve been waiting for this for 4 fucking years
Austin Sanchez
There have been a ton of articles published recently about how to get "free BCC" by shorting BTC and buying your own position. Basically the authors of these articles think that the exchanges will be on the hook for BCC they've leveraged out. Unfortunately they haven't read the fine print at most exchanges that say they will only pay a ratio of BCC on short positions and will never pay out more BCC than they have BTC.
Robert Wood
Why the fuck can't you understand that the "buying your own position" part of your statement is people holding the BTC they bought in cold storage wallets, not in the exchanges. So as long as they don't get liquidated, they will only have to pay the fees for the margin position.
James Hughes
Or, other possibility, people think segwit is too risky, and stay in fiat until November, bear market continues.
Chase Williams
The shorts are not real shorts, they are part of a constuction to get free bitcoin cash at the fork without exposiure to the to bitcoin classic crash. They are buying back the bitcoins they shorted. That is why the shorting did not result in a huge price drop. Kraken has huge long positions by the way. They pay bitcoin cash on long positions.
Adrian Roberts
I have no idea what you are trying to say
I stand by what I said
Justin Foster
Are you guys on here still thinking that the segwit coin will be the real bitcoin and not bitcoin cash? Bitcoin cash is what satoshi wrote in his white paper.
Aaron Nguyen
Is this good coin? I can buy?
Ryan Wilson
is Bitcoin Cash the one called BTC? if that's a no then it's not the real Bitcoin. At least not in the next few days.
Jace Evans
Esper$ this way friend >>>/yobit/
Owen Hernandez
Btc is just 3 letters. On kraken btc is xbt. It is all about adoption.
Nicholas Perry
Ids gabbenning goys
Mason Collins
BCC IS OFFICIALLY DEAD
SEE YOU IN THE MOOOON
Logan Foster
Why is BCC (BitConnect Coin) dead?
Cooper Murphy
truly bizarre just 3 years ago I was sure it will never happen now its reality
Jaxson Smith
this is going to be the most epic short squeeze ever