/biz/ - Business & Finance

Short positions as of today 12-07-2022
The MOST shorted coin in the cryptoverse

and 2 years ago.

BSV has been the most heavily shorted coin in the entire cryptosphere in it's history.
Those shorts unroll next week.

>>52775186
your a nigger

https://www.tradingview.com/symbols/BSVBTCSHORTS/

>>52775186
Alessandro is that you?

so it looks like 45,000 BTC were shorted on BSV when BSV was worth more USD than ETH !

this utterly crushed BSV over the next months sending it from No.5 to No.50

https://twitter.com/paulee_paul/status/1600324851356823552

>>52775186
Anon, i should short too? Or by the dip?

>>52775186
Worthless shitcoin garbage circling the drain heading where it belongs

At zero

>>52775824
>short squeeze
>should i short too?

anon please short it with 50x leverage then rope yourself so i don't have to see you in my board anymore.

>>52775824
The shorts are being unwound.
There will be a short squeeze. Almost all of BSV that is being shorted is being shorted on Bitfinex. They are closing the ability to short BSV on Bitfinex on December 12th. All 4 million coins that are shorted will have to be covered.

What do you think will happen to the price ?
They covered a few thousand last week and the price went up to $60. +50% in minutes.
They will HAVE to buy coins to cover from other exchanges. There are not enough coins on Bitfinex to cover the shorts.

Nigeria just made it illegal to take out over $45 from and ATM.

Meanwhile in Nigeria.
https://twitter.com/NITDANigeria/status/1600435492062830592

Connect the dots.

Okay Craig, tell me why would it happen now if it was shorted even more 2 years ago than it is now?

>>52776061
It's not. 2 years ago it was shorted at 85%. Today the number is 83%
They can't short 100% of the coins because they don't control 100% of the coins.
In fact they probably don't even control 4 million coins, which is the number of coins currently shorted on Bitfinex.
Remember Gamestop ?
Well this is the same thing but we have a date set in stone.
December 12th, 2020 + maybe a week until all accounts are required to be covered.

>>52776112
>we have a date set in stone.
Ah, I forgot about that. I've only seen one thread mentioning the shortrekting email.
Okay Craig, you win this time.
Kraken doesn't have SV listing and I don't want to get KYC'd anywhere else.
Where do I long?

>>52775186
bsv is a scam and craig wright is a charlatan

>>52776231
https://www.coingecko.com/en/coins/bitcoin-sv#markets

or directly in the Handcash wallet which is native to BSV
https://app.handcash.io/#/

The majority of Bitcoin transactions are done on the BSV chain

>>52776412

the majority (all) of bitcoin transaction are done on bitcoin you wanker

All 100% on the BASE layer. Faster and cheaper than lighting and you don't have to trust a 3rd party lightning node.

But doesn't a squeeze require massive buying pressure?

>>52777112
Yes. but they will be required to cover all shorts on December 12th.
That means they will have to BUY BSV in order to cover their shorts.
Since Bitfinex doesn't have 4 million BSV to purchase to cover these shorts, they will have to either buy the BSV on another exchange or Bitfinex will have to eat it.

>>52777145
so they’ll just print tether and payout
probably won’t pump the price of bsv

>>52777169
To close out a short position, traders must purchase the same amount of shares in the security they sold short.

>>52777253
it’s scamfinex, not wall st. they’ll do whatever they want

>>52777253
So if this plays out, what price target are you thinking? Can I just buy some bsv on kucoin and see what happens or should I buy on bitfinex? That spike to $60 only seems to have happened on bitfinex.

I can't tell if the position is in BSV or BTC. I see conflicting info. Regardless the price spiked 50% on bitfinex when only 10% of the contracts closed on bsvbtc on 11/27-11/28. Order books look insanely thin on the sell side on both pairs. Hold onto your butts

>>52777339
You could be right. BUT there will be no where to short BSV like that anymore. So the price should still go up, just not drastically.

>>52777346
I bought on Bittrex and sent it to an Electrum Wallet immediately.
I'd imagine that if you bought it on Bitfinex, you might have a hell of a time getting it out.

You can also buy it directly on the Handcash wallet which over 95% of BSVrs have an use on their phones.
https://app.handcash.io

>>52777432
Any speculation on why all of a sudden bitfinex is shutting down margin trading for bsv?

>>52777368
The fact that 83% of ALL BSV have been shorted for 3 years now will result in something.
I'm betting that it's NOT down... If one follows BSV things are really shaking up on the usage front. Watch Nigeria use BSV as their Central Bank Digital Currency. Their government is literally giving classes on how to code for BSV.

>>52777485
FTX and harder scrutiny on actual assets would be my guess.
Everyone is selling and allowing naked shorting on assets that they do not hold.
WBTC is another example. You own BTC in a private ledger but not actual BTC in your wallet.

Well looks like there's $40 bsv on kucoin vs $43 on bitfinex for anyone thinking of picking up some.

>>52777592
Just make sure you send it to a wallet afterwards
For desktop https://electrumsv.io/
For phone https://app.handcash.io/

If there is a run on BSV you might not get it off the exchange.
Just my opinion.

>>52777487
source: trust me brah

>>52777592
Bittrex
https://bittrex.com/trade/bsv-usd

and other markets
https://www.coingecko.com/en/coins/bitcoin-sv#markets

>>52777592
Why not just buy it at 40 on one exchange and sell it for 43 on the other?
Am I missing something.

>>52777747
Nope. That is exactly how SBF of FTX got his startup money.
Bought BTC in Korea and sold it in the US.

all of biz should work together to buy as much bsv as we can and let them cover at higher prices

only buying at his point

not selling at any price for the next couple of years

>PROFIT

>>52777956
>>52778093
Yeap that's the idea.

>>52777780
I have cousins in Korea and I tried to do that in 2017. Actually there was a premium on BTC in Korea like 3-4k difference so I tried to get my cousins to help me but the problem was the banks wouldn't let you withdraw more than 10k per year. Not sure how sam did it but I remember the banks in Korea were the major block

>>52778389
Yeah I have no idea about how he did it. If you read his story thought he contends that this is how he made his startup money. He could be full of shit of course.

>>52778610
>>52778389
illegally bypassed regulators with his parents political connections is my guess. i bet this shit is just the surface and hes the ripple in the ocean that turns into a tsunami

>>52777780
so he claims. totally nothing to do with him being a jew with parents with high political affiliations.

https://www.bitfinex.com/order-book/?pair=BSVUSD
https://www.bitfinex.com/order-book/?pair=BSVBTC

If these order books reflect what happens on the 12th these order books are stupid lopsided

So kucoin has withdrawals disabled, exodus wallet has a status update saying "transaction history and balance may appear incorrect or be delayed on the bitcoinsv network...we are working on restoring functionality." Anyone else noticing this on other exchanges/wallets? Seems there could very well be something happening here.

>>52779113
Yeah it's pretty crazy

>>52779241
I didn't know that. I buy on Bittrex and from the hand cash wallet.
No problems withdrawing. I am sure some places might be disabling withdrawals so they don't get slammed with orders from people trying to cover on Bitfinex. All the more reason to get a hold of some in my opinion.

>Serious Q - do we really believe there are 10,000 BTC short $BSV?
>Even if avg 10x leverage that is significant in this environment.
>Curious on others thoughts.

https://twitter.com/cryptoAcorns/status/1600646796140634112

>>52779555
Is there currently a delay with the bsv network? Someone mentioned in a thread the other day that blocksizes are massive atm.

>>52779614
Nope. It's working as it should

https://coin.dance/
https://bitcoinscaling.io/stats

Just sent 1 Satoshit to my wife's wallet and she got it about 3 seconds

>>52779614
Do you have a BSV wallet ? I could send you a satoshi to show you that the network is working properly.

>>52779614
Here is real time
https://whatsonchain.com/

>>52779241
>kucoin has withdrawals disabled
interesting, you're right
okex withdrawals seem to be working though

>>52775186
Crypto could be bigger then regular money.
One of the main problems with crypto is, people don't understand it.

But basically it's encrypted data, on encrypted servers, in private secure server buildings hidden in secure places on earth, like military bases.
And then that encrypted data is transfered on secure connections for goods worth money, or just strait into money.
Or at least that's the idea.
You could say I'm wrong, but where's your proof?

But look, I think the question really is, why is encrypted data worth money?
Isn't that the question?
Look there are several things that i think make encrypted data worth money and i can exsplain those.
I just want to say that we have millions of people who don't get this far, they basically say crypto is "nothing" and "empty" data sold for money without ANY protection or ANY reason, and it's pointless.
Are these people right? Perhaps? But again i think it's the messaging and idea of crypto that needs work.
You just need to make it easyier for all these idiots to understand.
Can this be done?
It will be hard, I think there are some things that can be done, but it has to spread fast and easy.
Stupid people have to understand it, and that's the hardest part.
So what do you do?
Here's one suggestion (i have several) Just print a new PHYSICAL coin/money, made of material worth REAL VALUE, and sell that with the crypto. (make it so only if people buy a certain amount for like an entire year or subscribe or something)
You might think that's stupid, but look, that's ONE idea.
But the point is, to sell it to people too stupid to understand that crypto is not worthless. (basically everyone is stupid)

>>52775186
how to buy with crypto without KYC?

>>52779809
But i guess i should go back to explain why encypted data is worth money for idiots.
Well Email for example is free, but Encrypted email like proton mail is $ 39.96 for one year. And online storage even EMPTY online storage, like sd cards, or hdd's and even CLOUD Storage like pcloud and icedrive are 4.99$ a month.
Why do people pay for those things, but crypto has "no value"?Look if you have "better" suggestion for crypto, I want to hear it.
But for NOW crypto is DEAD.
It need a drastic change. Almost need to do what iphone did for phones.
Just put a new "code/wrapper/design" on the crypto, and sell it with features ONLY it has.
Like only iphone does lighting cords, and imessage colored message bubbles and other shit.
You just need to do that for crypto.
Just make it easy to understand, iphone screen looks like a retard kid made it with the icons and colors, but they sell 10 billion a year.
Do the SAME with crypto.
You just need a RETARD way to exsplain HOW it makes money for all the people who are too stupid to understand why it's not worthless.
But for NOW crypto is dead. Let's be honest, when was it Not dead? 4 years ago?
You can say you made money from it, but let's be honest, anyone can take out a 10,000$ loan, take a pic of it on their bed, and say they made it from crypto. It's a lie, for now. But it could be real.
What would you do to change crypto?

>>52779810
Not sure. I use Bittrex or Handcash
Maybe https://dxs.app/market/BSV-USD
That's all on-chain

So what's the best play here?Obviously holding bsv in a wallet is the safest, but what about for selling on an exchange? Would holding on bitfinex be wise given the current situation? Or would it be wiser to hold on other platforms and put in limit orders there (thinking kucoin, mexc)?

>>52779881
The play is to hold off exchange for a couple of years until there is a killer app. And then live on a beach in the north shore.

A potential killer app is https://en.boardz.org/

>>52779821
Base layer transactions
Big Blocks
Proof of Work
No-Premine

I dunno if you have ever seen those videos of the BTC lightning network on BTC where they send BTC to people from one person to another 5 times in a minutes. BSV can do that right now on the Base layer. The problem with using a second layer is that it's a third party who who have to trust.

So to me it is laid out in the first page of the white paper.
BSV can do 18606 transactions per second, right now on the base layer and every coined was earned through proof of work. Visa is 20,000 transaction per second.

The picture is from February 7th 2021
Today that 2,847 TPS is 18,606 TPS
I'd say they are doing what they promised.
Obviously I am a BSV fan

>>52776112
So, just two more weeks? Lol

>>52779881
Probably try to sell on Bitfinex, there should be a premium if it plays out but OTOH they might fuck you somehow.

>>52779881
This anon gave you the right answer
>>52779964

I'd add join the Twitter accounts and study this a little.
BSV is Satoshi's Original Vision that he wrote on page 1 of the whitepaper.
PURELY peer-to-peer version of electronic cash.
That means not sending it to an intermediary.

There is a reason BTC is so slow and expensive. That reason is

>>52779984
Well no one was saying this 2 weeks ago. So yeah sure

>>52779968
ok cool man, but i'm "playing" the retard here.

So I have "no idea" what you said.
But I'll assume you are saying that the data transfer of the "money"/data can be done FAST/FASTER.

Ok cool, but how are you supposed to sell that to a retard normie?
>bitcoin is imaginary code, that could be "easily deleted" and no "saftey net or "officials" to "control it., and is worth 0.0$
Obviously I don't agree with that.

I'm just saying i think that's who we are selling to. You need the common people.
I don't want a couple thousand "smart buissness pro investors" I want the dumb common people.

What if, we sell electric power at discount or FREE with the crypto?
Think about it, the servers and machines need power, just sell some extra power to people who buy enough or subscribe to the crypto?

Look the ideas might be dumb, but you have to understand the common people that i'm trying to sell to.

>>52780091
I'm not selling to anyone. I use it daily to send and recieve money overseas.
The only thing I do is help someone download Handcash wallet. I send them $0.01 and have them send it back to me. Then I send it back and they send it back and I finally send it back. Takes 20-30 seconds.

Then I ask them. How did you pay for that ? I don't need to say anything else. They get it immediately.
That's how I got into crypto. After spending 6 months trying to get my money out of Ecuador where i finally had to get a government and National Bank approved lawyer and giving them 100% Power of Attorney in order to send my money to me in the US.

The six month wait was baked in...
With crypto I could have just gotten on a plane with my phone.
Done.

>>52780150
>spending 6 months trying to get my money out of (place in world) where i finally had to get a government and National Bank approved lawyer and giving them 100% Power of Attorney in order to send my money to me in the (Diffrent place in world)
>With crypto I could have just gotten on a plane with my phone.

Ok now that is a fair point. That could probably be used as an example for the normal people more. Might have to simplify and shorten it a bit.
But that's good.

But phone and internet electricity/data do cost money. Unless you pay a fortune and get "unlimited" plan. But still it does cost money.
But i get the point sending a "message"/link/thing online is basically "free".
At least more free then bank fee's shit.

I guess i just want a crypto for "dumb" people. And an exsplanation for them.

But i'm just gonna stick with what i said.
Electricity, data and storage have costs in other area's, so it makes sence.

Waiting on a small withdrawal from mexc to exodus. Seems to be taking a while.

>>52776318
>bsv is a scam and craig wright is a charlatan

It's not like BSV actually has been blocks and millions of transactions a day, that are instant and a fraction of a cent. It's not like nchain holds numerous patents. Its not like the chain can survice because of block size and use fees to fund miners instead of block rewards. -- Oh, wait. Yes it is. KYS.

>>52777339
>>52777253
>>52777145

This is what I think. These slimey fucks will just rig that shit to prevent a short squeeze. allow settlement by other means.

>>52780288
checked

>>52780297
Yeah just the tech and the patents make this a no brainer.
Now TAAL has been taken private so that Calvin Ayer never needs to sell his mined BSV. EVEN less selling pressure. Things are looking way up for BSV. They just on boarded the richest man in Norway to run things too.

>This is what I think. These slimey fucks will just rig that shit to prevent a short squeeze. allow settlement by other means.
Maybe you are right, but the lack of that huge amount of shorts, day after day,week after week, moth after month, year after year should have an affect outside of whether they play games with requiring BSV to cover the naked shorts.

>>52780288
Same here from OKex... what's strange is the native OKex explorer shows the tx as unconfirmed, but other explorers such as WhatsOnChain show several confirmations. However the funds have not arrived in my wallet.

>>52780623
What wallet are you sending it to ?

>>52780623
>>52780288

Robinhood bsv transfers are currently taking a long ass time.

>>52780708
moneybutton

>>52775222
You do realize all miners are shorting bsv, right? Then can just deposit BSV to deleverage their shorts and never have to buy to close the short. That means no short squeeze. Again, they can deposit funds and the liquidation will be avoided.

Okay so just to update my withdrawal went through in the end. OKX told me the transaction got remitted, so I had to manually add the tx hash on Moneybutton via a "missing transaction link", and it then showed up. Pretty odd that this happened though, I've used Moneybutton many many times and this is the first time this has ever happened.

>>52781175
Money Button has been wonky for a few days. Didn't even come up yesterday.

>>52781137
They'd have to be mining to do that.
"All the Miners" aren't mining BSV

https://coin.dance/

>>52781137
https://sv.coin.dance/blocks/minerhashrate/percentage

I bought a lot on coinex easy then i withdraw in handcash time to wait and fly x100

bitfinex have "over" shorted their supply of bsv. This means that they've allowed customers to short coins that have already been shorted. Normally this is fine so long as a short squeeze doesn't occur and customers can close out their shorts normally.
What's happening on the 12th where Bitfinex unwind all positions is unprecedented. The orderbook on the sell side is so thin that we'll see cascading margin calls for these bsv short traders, the price of bsv on bitfinex will spike up a lot and get dragged down by arbitration which in turn drags up the price on other exchanges.

>>52782603
Thanks for that clear and concise explanation.

Hitler is back! Sieg heil!

"Network issues" on exodus, my money is gone! FUCK, luckily i have over 500 more in other wallets

>>52782615
i wish
https://craigwright.net/blog/law-regulation/the-rebirth-of-anti-semitism/

>>52781175
moneybutton is junk, only use electrumsv

https://linktr..(delete this space)ee/metathomist

>>52782678
moneybutton gets shat on but it's never let me down. i do keep the bulk of my stack on electrumsv though. sensilet is another good hot wallet option.

>>52782813
used mb a couple of times and everytime there was an issue, now I won't touch it again
I don't care for browser extensions either

>>52782662
Well that's weird. I know the network is working. I've been using apps that require BSV
I don't know anything about that wallet though.

>>52782861
i only really use hot wallets to interact with apps. its difficult for me to abandon moneybutton cuz i have a ton of cities on cityonchain all bought with it

There's over 41,000 BSV short on bitfinex and only about 12,000 BSV available to buy on the open orderbook. This doesn't include hidden orders.
Now there's no way Bitfinex would force close margin orders when there isn't enough orders on the books to facilitate this as this would lead to an unlimited price.
It's more likely that a Bitfinex insider has placed a large amount of hidden orders on the books to profit from this scenario. If not them then someone else has put in a large sell order for BSV on the bitfinex orderbook as a hidden order. Anyone wanting to profit off this scenario needs to have their orders put lower than this hidden order.
Because the books are pretty thin we could actually see some market buys to expose these hidden orders.

>>52783443
Aren't "hidden orders" just large orders broken up into smaller orders though? i.e. you can still actually see them all?

>>52782662
You can still send and recieve bsv I been doing it all week.

The data seems to support this theory but you use words like "cryptoverse" and "cryptosphere" so I don't know whether to trust you or not.

Chances of bitfinex rugging me if I buy and hold bsv there?

>>52783562
I assume it'd be best to hold bsv there to catch some of the highest potential wicks upward with limit orders if this really goes down?

>>52783468
hidden orders do not show up on the orderbook. It's a way for people to place large orders without spooking the market. The only people who can see these orders are the exchange and the person who placed it.

>>52777641
does BSV and BTC use the same wallet generator? I would rather just use some html page to generate a wallet that I can write down than to install some software

>>52783687
Just use ElectrumSV https://electrumsv.io/
You can check the hash checksum to ensure you've got the correct published version.

>>52783723
>check the hash checksum to ensure
I don't want to deal with this overhead, I just want an address I can withdraw to, I'll plug it into a wallet later

>>52777487
Holy fuck you’re right

https://www.benzinga.com/pressreleases/22/07/n28239227/bsv-blockchain-introduced-to-nigeria-with-real-use-case-technology

So now he thinks it was just a display error and actually just 10k bsv?:
https://twitter.com/Deadlochcom/status/1600694514104274944

>>52783803
He either saw the thread and doesn't want you in or is a fucking moron.

>>52783650
How do you hide them though?

>>52783803
There's 30,000 BSV short against USD and also 10,000 BSV short against BTC. This is using Bitfinex charts from within the platform, not trading view. It's still way over shorted and a squeeze is still going to happen. Unless there's massive hidden orders in the books to absorb all those closing shorts, price will spike. The 12th isn't a set in stone date either, customers can manually close their positions before then, but there's more than a good chance that many aren't even aware that they'll be forcibly closed.

>>52783914
By ticking HIDDEN when placing an order. The exchange charges more fees if you do this.

>>52783935
Oh damn, I did not know about that, not seen it before. Thanks for explaining and showing.

>>52782813
Having to manually update a transaction in the wallet is an example of failure, especially when there are better options to use

Didn't realize it takes over 3hrs to get the required 20 confirmations for depositing to bitfinex.

>>52784156
Depositing to kucoin or okex is even worse, something like 120+ confirmations. Takes 2 days.

>>52784205
Damn. I'm wondering if I should even bother moving all over to bitfinex? I just bought some today on kucoin/mexc. I assume the biggest potential price spikes would be on bitfinex though.

Bsv is in trade mode only on bitvavo, big dutch exchange. I cant withdraw to a wallet. Do i still buy and wait squeeze ?

He's onto them..

>>52785003
always has been.

>>52780400
>>52780400
the games against BSV won't end unless tether is shut down. Tether is such an obvious crock of shit. it was proven by the fucking state of New York that they are lying slimey fucks with almost no USD backing. They use this money printer to pump BTC, short BSV, and front run scam the entire market.

>>52780150
based

>>52779968
As someone touched on in the other BSV thread that is now 404'd/archived. BSV is so much more potential than being a digital currency.

Fundamentally BSV is a near instant and nearly free cryptographic exchange of information. The "miners" will have immense computational power. Literally every digital transaction in the world may take place on BSV. The entire internet, all the stock exchanges, messaging, streaming movies.

The first time I ever heard "web3" shit was from the BSV camp. Now every low level scamfuck parrots these trendy words to trick the plebs.

I'll leave you this file that is stored on the BSV chain. Observe how quickly it loads. BSV has had on chain media storage for more than a year, and no one even talks about it.

https://media.bitcoinfiles.org/a89cd6b4eb4d9f510a9a7adf21bfd84ee63e4d9a6e6f1da99e7d82718870a484