FOR THE LAST FUCKING TIME YOU STUPID FUCKS.
THE REASON BTC SHORTS ARE SO HIGH IS BECAUSE PEOPLE ARE BOTH LONG AND SHORT BTC AT THE SAME TIME SO THEY CAN GET BCC AFTER THE FORK REGARDLESS OF THE PRICE OF BTC, UP OR DOWN. REGARDLESS OF WHAT YOU THINK, THAT'S WHAT MOST PEOPLE WITH MONEY ARE THINKING AND DOING.
Holy fuck this board is retarded.
>Holy fuck this board is retarded.
You are.
If people were both short and long wouldn't the rate of short and long be equal? Instead we are seeing a very high rate of shorts compared to a low rate of longs
No U
wouldn't you have to pay out the BCC if you are short?
No way you can arbitrage free BCC like that
To back up OP's claims
hackingdistributed.com
bitfinex is gambling with your money, other exchanges doing the same shit are gambling with your money as well
gl hf
You have no fucking clue how much people are "long" because they are holding their long positions in cold storage wallets.
My fucking god how can you not understand this...
Not how it works. You cant get bcc from exchange coins. You cant even get real btc from exchange coins. You don't actually have any coins unless you have them in a wallet with the private key.
op has brain damage guys. don't pick on the retards, they might neck themselves
Poloniex will not make you pay out in BCC.
Yes you fucking can do that.
As someone who makes literally thousands arbitraging between exchanges every day, yes you fucking can make free money like that. I can't believe you fucking idiots on this board don't take the time to simply fucking arbitrage your way to success instead of "holding" shit hoping it goes up or down.
You're fucking retarded.
You short on the exchange and you go long by holding BTC in your cold wallet, giving you the BCH.
What the fuck is wrong with this board?
stop trying to convince a retard not to throw away his money, it's not worth your time
>You have no fucking clue how much people are "long" because they are holding their long positions in cold storage wallets.
if you can run arbs like that these coins are some clown ass amateur hour markets
lmfao, you read the comments. When they pointed out how the author totally ignored the part about bitfinex adjusting the bcc payout bast on shorts the author replied: "I didn't read the small print. I was doing directed reading. How was I supposed to know all the facts."
What's in your head?
in your he-a-a-ad
zombie,zombie,zombie zombie~
Tune-Zombie
---------------------------------
Hello wojack my old friend
I've come to post you here again
Because my blockfolio is dying
Left its bags while I was sleeping
And the bags,that now I am holding
still remains
within the sound of screaming
T-The sound of silence
------------------------------------
We passed upon a coin
We spoke of when it'll moon
Because my brain is dead
I bought the fucking coin
Now I want my money back
Or mum will get really mad
I thought I couldn't get tricked
since momma called me smart
T-The man who sold the world
------------------------------------
There is...a bag..I'm holding
They call it a shitcoin
And its been the ruin of too many anons
And god,I know I'm one
T-The house of the rising sun
When you have 1 BTC, you get 1 BCC after fork. Any value besides 1, something isn't right. This "coefficient" is a value determined by bitfinex to redistribute tokens from one party to another.
So after the fork, you will not get 1 BTC for 1 BCC per the rules determined solely by bitfinex.
Now, you tell me if that's fair.
L
M
F
A
O
I'm pretty retarded.
Am I meant to send my BTC off the exchange to a wallet until all this passes over?
on and on top of that, it assumes there's more longs than shorts. There's way more shorts now so you'll be receiving a "coefficient" much less than 1. See
This means that if you put your 1 BTC on bitfinex, you get like 0.7 BCC when it hard forks.
L
M
F
A
O
Not fair at all. Should be a rude awakening to all the cucks hoping for free money buy shorting/buying btc on bitfinex when each btc is only given 0.5 bcc through their fucked distribution.
YES
That's not called going long, dude.
I get it that you don't pay any interest on bitfinex if you put 1:1 leverage and use your own btc as a collateral.
BUT you're still at risk of getting squeezed for PART of the btc value,hoping that the new BCH (not 1:1 ratio on BITFINEX, read the terms) + the holding in a separate account will be more than what you COULD lose by getting margincalled.
How worth is this bullshit?I wouldn't even leave 0.01usd on bitfinex considering their socialist approach.
fucking idiots in here doesn't realize bitfinex is trying to make a ton of transaction fees by screwing over their user group and putting all the risk of these shorts on their user group
wasting my time typing this out but god damn you guys should just use a random generator on your buys/sells, at least you're not manipulated by anyone
>long and short at the same time
>many many more shorts than longs
HAHAHAHAHAH
you don't pay any fees by using your btc as collateral in 1:1 leverage, at least that should be the reason it's only possible on bitfinex.
by my calculations, as of right now, you have a coefficient of 0.642857143.
That means a very special deal for you bitfinexers
1 BTC on hard fork will get you ....
wait for it....
.....
0.642857143 BCC. Isn't that an awesome deals guys? Let's trade on bitfinex for the rest of our lives
honestly that exchange should be shut down for that
if you trade there pull out you are getting it in the ass no lube
Enjoy your liquidation on the exchange if the price goes to the moon
If you're so smart you should have realized that?
What you could do is put all your btc on an exchange and margin short 1/x of the leverage, but is it worth the risk to put all your btc on an exchange? You really think the big players are risking putting millions of dollars in the hands of a 3rd party just to get a few thousand bcc which may be worthless by the time they try to sell it?
Plus there are so many shorts compared to longs on bitfinex right now that you will get much less than 1 bcc per btc
If you're a whale you can do much better than that
There's literally no way for you to tell how many people are "long" on BTC if 99% of them are holding their BTC in cold storage wallets and some for years and years at a time.
The definition of "long" means that you benefit when the price of an asset increases. That's IT. that's what the term fucking means.
The only way to combat it is the article that I posted. You short the coin then you buy 1 BTC, which gives you an extra BCC. But, as the most people do this the worse it's going to get and the coefficient will get lower and lower.
Polo loan rates are through the roof because of this.
I never mentioned Bitfinex by the way to anyone here. I actually was using Poloniex.
I'm actually not doing what I said in the OP. I simply arbitrage my fortune. I have no idea why you idiots gamble with prices at all.
>BUT you're still at risk of getting squeezed for PART of the btc value
How could you be squeezed for part of the btc value though since your btc will be going up at the same rate as you're losing on the short?
It's like trying to explain to someone that a pound of feathers and a pound of steel weigh the same amount, or that 0.9999.... = 1, but they just won't listen.
>the author replied: "I didn't read the small print. I was doing directed reading. How was I supposed to know all the facts."
fucking kek you're not even memeing
>I'm actually not doing what I said in the OP. I simply arbitrage my fortune. I have no idea why you idiots gamble with prices at all.
When you arbitrage do you send coins from one exchange to another or do you just keep coins on both exchanges and buy on one and sell on the other?
>Polo loan rates are through the roof because of this.
>poloniex.com
Retard.
post some screen shots of your """"""""""""""arbitrage""""""""""""""""""""" mr buffet
you won't larping faggot
>a pound of feathers and a pound of steel weigh the same amount
That’s absurd. Unless you’re doing it in vacuum, a pound of steel will weigh more than a pound of feathers. Buoyant force is kindergarten physics.
My bad I'm retarded, you're goddamn right you can't.
Still wouldn't do that for a fraction of BCH, simply not worth the risk / bitfinex "HACK" or "EVERYONE PAYS FOR THE SHORTERS" type of thing that they're used to shove down their customers throats
Both. I keep coins and cash on both exchanges and then when margins are bad I transfer from 1 exchange to another.
Most of my arbitrage is through foreign exchanges though, where the margin rates are up to 20% daily. I've opened accounts with all the correct banks and just run it through as much as possible so the money is constantly in motion. But I'm careful to avoid violating any structuring laws and money laundering laws while doing this.
Poloniex loan rates are through the roof. This is because Polo won't give BCC. They don't have to. People are using it to short BTC while holding BTC in their cold wallets to get the BCH at the same time.
Retard.
what's the fee on polo for shorting tho?
is it even worth?
It's like 3% per day.
No, of course it's not worth it. I'm not doing what I said in the OP, I was just pointing out to you all why so many people are short on BTC. Because people are planning to do this.
Like I said before, I simply arbitrage and could care less about the prices but the retarded stupidity of this board is driving me insane.