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/biz/ - Business & Finance


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File: 47 KB, 1046x588, bitfinex_bsv.png [View same] [iqdb] [saucenao] [google]
52832399 No.52832399 [Reply] [Original]

What you need to know:

- Bitfinex is forcing all BXV shorts to close by Dec 19, or they will be liquidated automatically on Dec 19th: https://www.bitfinex.com/posts/868

- BSV is the most shorted coin ever. Short interest on Bitfinex is 99.6%

- Bitfinex has very little BSV on the books. If all shorters were to close as of now, price would shoot up to 1500$ a coin. If more people buy and get bsv off the sell books, price can shoot up even higher.

>> No.52832409

>>52832399
how do i profit from this?

>> No.52832460
File: 41 KB, 568x641, price_long_short_bsv_bitfinex.png [View same] [iqdb] [saucenao] [google]
52832460

>>52832399

Price has already started pumping since shorters started closing (the vast majority still hasn't closed!).

We have seen multiple big price spikes, and the liquidity on books has started draining, resulting in a more "blocky" chart, ripe for a short squeeze

>> No.52832464

>>52832399
So you want exit liquidity from /biz/?

>> No.52832482

>>52832464
kek

>> No.52832551

>>52832409
1) Buy BSV from some exchange ASAP (price is likely to keep going up till the 19th, list of exchanges here: https://coinmarketcap.com/currencies/bitcoin-sv/markets/ ). Even better if you buy it on bitfinex, so you are taking some BSV away from the books where shorters will be forced to buy, which means they will be forced to buy back at even higher prices.

Then you have two options:

Safest:
Withdraw bsv from the exchange to a self custodial wallet. This will ensure you actually bought bsv and not some fake entry in their database, and ensure you against exchange bankruptcy.
Then sell some or all of it after the huge pump on the 19th.

High risk/high reward:
Keep it on an exchange (bitfinex or another exchange with low liquidity, where bsv is likely to spike up the most). Set sell orders between 1k, 1.5k a coin, and hope to be hit once the short squeeze reaches the peak on December 19th. Don't sell for lower, remember that shorters will be forced to buy at any price on the 19th

>> No.52832561

>>52832551
unironically priced in

>> No.52832608
File: 21 KB, 217x386, Screenshot_20221212_134335.png [View same] [iqdb] [saucenao] [google]
52832608

>>52832399
Someone reported are a lot of shorts on Bybit too.
BSV and BCH seem to be the most shorted there, with a short interest around 60%.
This means Bybit could be another target where bsv price might shoot up a lot due to shorters getting margin called.
Thanks to crypto markets being down overall, a lot of shorters will likely have low collateral at this point, so its possible a bunch of them will get margin called as the price goes up.

>> No.52832733
File: 55 KB, 579x398, Screenshot_20221210_153350.png [View same] [iqdb] [saucenao] [google]
52832733

>>52832464
The shorters are our exit liquidity.
They will be forced to buy back from us at any price, similar to the gme short squeeze. In this case even better, we have a date by which a lot of them (all of the shorters on bitfinex) are forced to buy back!

The only thing that can fuck this up is if a lot of anons set their sell orders too low, giving shorters an easy way out at lower prices. The goal is to not sell before the 19 for any reason, and on the 19 try to sell over 1k a coin.

>>52832561
Short squeeze cant be priced in by definition, thats why I love them so much. Theres >9.5k bsv shorts on bitfinex rn. They will be forced to buy from the books at any price available, looking at the current bitfinex book, this means the price can shoot up to around 1500$ a coin.
If the market tries to "price this in" by buying more bsv, it simply means that the shorters will be forced to buy back at even higher prices!

>> No.52832824

>>52832551
why do you think that someone will be able to sell for a high price on an exchange other than Bitfinex? There will be a high spike on Bitfinex and that's all. Also the spike will be short, so you have not long time to sell.

>> No.52832828
File: 239 KB, 1398x869, Screenshot_20221212_134906.png [View same] [iqdb] [saucenao] [google]
52832828

>>52832399
In a sea of red, BSV has been holding up well and going up over the past week. Ask yourself why.

My answer:
Shorters forced to buy back on bitfinex are propping the price up.
Also, since the short interest is so high overall, this creates a negative correlation with the rest of the crypto markets. As crypto goes down, a lot of shorter's collateral loses value, and some of them get margin called and forced to buy back bsv, propping the price up.
This was happening to GME as well, at the height of the short interest, it displayed a negative correlation with the overall market

>> No.52832949

>>52832733
>9.5k bsv shorts
so less than $500k? those will get arbitraged in a second bro, price will dump even further

>> No.52832994
File: 4 KB, 514x350, Screenshot_20221212_142600.png [View same] [iqdb] [saucenao] [google]
52832994

>>52832824
I agree that with the information that we have at the moment, it is likely that Bitfinex will experience the highest peak, so i would suggest people use Bitfinex.

At the same time, i see two reasons it is likely price will spike on other exchanges too:
1) shorters on some other exchanges will be force-liquidated too, so this can cause spikes in exchanges with high short interest and/or low liquidity
2) bad arbitrage bots and market maker bots will automatically buy on other exchanges to arbitrage the short squeeze, causing buy pressure on other exchanges too. For example look at Bittrex. When a big shorter closed their position on Bitfinex after the announcement, there was a big spike on Bitfinex, but also on Bittrex (pic related). And Bittrex has had a number of subsequent spikes, since liquidity is low overall, and theres probably some poorly coded bots on there.

Personaly I think for the 19th I will set some high sell orders both on bitfinex and other exchanges, but i plan to only sell ~25% of my holdings at peak short squeeze, and let the rest ride, since the squeeze will probably put bsv on the radar for a bunch of normies and provide more buying pressure and overall interest into the coin

>> No.52833023
File: 34 KB, 1346x534, Screenshot_20221212_143438.png [View same] [iqdb] [saucenao] [google]
52833023

>>52832994
Sorry bad crop

>> No.52833096

>>52832949
500k at current price, but its denominated in bsv, as the price rises, the dollar value goes up too.
In absolute terms it is not a big amount but for a small, delisted coin like bsv, with paper thin liquidity its pretty big. Again if you look at the books on bitfinex, that's enough to easily push the price over 1k, and its not like other exchanges have much more liquidity to arbitrage.

Worst case it's a nothingburger, but its clearly an asymmetrical opportunity, you don't have to join in on the trade, but personally i think it's a good trade

>> No.52833145
File: 133 KB, 1147x548, file.png [View same] [iqdb] [saucenao] [google]
52833145

>>52833096
>as the price rises
it won't rise bro

>> No.52833201

>>52833145
>Price won't rise "bro"
>Price has risen all week
The absolute state of Bitcoin Fud

>> No.52833251

>>52833201
it won't rise to 1500

>> No.52833299

>>52833096
Why would it be a nothing burger?

It's basically guaranteed 1000$+...

>> No.52833311

>>52833251
That comes later. Right now is the culmination of the stealth phase. The possibility of a short squeeze coupled with fact the majority of all shorts on BSV are to be closed in a week,only a fool couldn't see the possibility of an oppurtunity

>> No.52833344

>>52833299
I think there is a chance of "nothingburger" if shorters on bitfinex manage to buy the bsv somewhere otc. But in every case, the forced buy pressure will be there. So i think this is a huge asymmetrical opportunity either way.
Best case we get a 40X or more.
Worst case price stays around where it is now...
I'll take this bet any day personally

>> No.52833375

>>52833145
I mean yeah. If the daily volume is tens of millions, 500k short interest isn't gonna move the price.

Nice thread though, got me interested for a while. I just don't think there's gonna be a squeeze.

>> No.52833376

If BSV squeezes in any sense knowledge of BSV will prnetrate the normiesphere. The inquisitive amongst them will do their research and ultimately come to the conclusion that BSV is Bitcoin. A schism will occur.

>> No.52833468

There doesnt seem to be much open intrest, like generally on bsv, there would have to be massive amounts of shorts everywhere for this to be worth it

>> No.52833631

>>52833468
>>52833375
Idk guys, a lot of the volumes and book depth you see is just spoofed market maker activity. Bsv alread shot up 70% on bitfinex and bittrex, with only 40k worth of shorts closing, that's all I need to know...

>> No.52833695
File: 23 KB, 744x515, BSV_short_squeeze.png [View same] [iqdb] [saucenao] [google]
52833695

>>52833631
pic related

>> No.52833725

Squeeze or no squeeze you can't go wrong buying the real Bitcoin

>> No.52833767

>>52833695
They can just buy on other exchanges if they dont want shit liquidity
Unless someone has data showing there is huge amounts of leverage on every exchange i doubt we will see a massive candle

>> No.52833879

>>52833695
For a short while and on Bitfinex only. If I had an account there I would buy some but I don't see this squeeze affecting the price in other exchanges and don't really want open an account in bitfinex since CEXes seem to go bankrupt left and right doxxing all the customers in the process.

Good luck to you, hope it plays out the way you think ot will.

>> No.52833880

>>52833767
The possibility of a short squeeze is just the potential cherry on top.
From what I've seen over 80% of the shorts on BSV will have been closed once Bitfinex ceases trading.
The order books are thin, the buying to fill those positions are the first set of pumps and then we will get a BSV that isn't strangled by shorts.
The real golden opportunity is if these bumps over the next week is enough to get the name BSV into the normiesphere.
A short squeeze is nice but having tens of thousands of normies arguing BSV VS BTC is thw supreme culmination of this moment in time.

>> No.52833908

>>52833767
This. There might be a spike on bitfinex but nowhere near the $1500

>> No.52833950

Where can you exchange ETH for BSV?
Without kyc / being on exchange?

>> No.52833974

>>52833950
Exodus wallet.
0.09 ETH minimum transaction

>> No.52834181
File: 65 KB, 1002x692, Screenshot_20221212_171538.png [View same] [iqdb] [saucenao] [google]
52834181

>>52833879
Idk dude, I've seen it spike already on several exchanges when shorts liquidate on bitfinex. For example, according to coinmarketcap, Upbit is the exchange with most bsv volume (30 million a day they say...), and yet the price spikes have been happening over there too since bitfinex announcement (pic related).. i'm telling you something funny is going on here.. but i appreciate the counterarguments too

>>52833950
I think Changelly is an option

>> No.52834307

>>52833950
i bought on Kucoin without kyc

>> No.52834457

>>52834181
>>52833950
Actually from a quick look changehero.io seems better than changelly cause they dont require email

>> No.52834459
File: 320 KB, 471x470, pepperino.png [View same] [iqdb] [saucenao] [google]
52834459

>>52833344
Checked, plus one of the biggest BSV shorting positions will be gone in 1 week. Even if it's a nothingburger, this'll make BSV find its' real price.So let's see,either:

1) a possible short squeze, A.K.A a godly green dildo.
2) it's a nothingburger, price stays the same but it's not gonna be short to death anymore, better for a long term investment.
3) It's not gonna skyrocket, but it'll still go higher because of lack of selling pressure in general.

There is literally no way to lose, anyone who's not buying at these prices are literally retarded. If it's 1 or 2, you'll make money, if it's 3, you can sell your position without losing anything, simple as.

>> No.52834478

>>52834459
This.
Opportunitys of massive profit or break even don't come round very often.

>> No.52834481

>>52834459
If it's 1 or 3*, you'll make money.

>> No.52834597

>>52834459
>>52834298

>> No.52834613

>>52834597
>He doesn't know

>> No.52834692

>>52834613
>he doesn't know either

>> No.52834834

>>52834692
>>52834613
>they dont know

>> No.52834882

>>52834613
>>52834692
>>52834834
>nobody knows

>> No.52834894

>>52834882
>This one knows too much

>> No.52835279

Buy some BSV. Go play some games on Haste and earn some Sats until The 19th.

Its too easy bros

https://app.hastearcade.com?referralid=3f8cbe90-2247-4783-af77-b4359f262da8

>> No.52835296

It's literally happening right now. Price is slowly creeping toward $50. Probably see some shit once we cross that.

>> No.52835303

>>52832399
Does anyone have a theory about this announcement somebody posted in another thread?
https://coinforum.de/topic/29657-einstellung-des-handels-und-der-verwahrung-von-bitcoin-sv-bsv/

It's a german exchange saying people should sell their BSV by the 19, because on the 20th they will disable trading and all remaining BSV on the exchange will be converted to BTC.

Isn't it strange that they picked the same date? Could there be a connection with the bitfinex short squeeze?

>> No.52835332

>>52835303

There is of course a connection. Once thing I've learned since becoming a BSV maxi is that there are no coincidences.

>> No.52835393

>>52835303
Feel like this could tie into the reason as to why exactly bitfinex is all of a sudden ending margin trading now after years of allowing people to short bsv to near death. Perhaps something could be coming down the pipeline that they're looking to get ahead of? Not sure. Or it's all just coincidence.

>> No.52835534

bsvsqueeze on tg
organize this information

>> No.52835725
File: 54 KB, 640x578, 1614041354992.jpg [View same] [iqdb] [saucenao] [google]
52835725

i have a short on cro open, should i really close it rn to buy some bsv?

>> No.52835816

>>52835725
hmm depends how long term was your short on cro, if its a short term play, just keep it as it.
If its a long term play, you could close it and buy bsv just to keep till the 19, then sell on the 19 or 20th and reopen your short on cro

>> No.52836126

https://www.youtube.com/watch?v=oHRZSCQTx8w
https://www.youtube.com/watch?v=4TeMePIN4Cs

>> No.52836145
File: 48 KB, 599x264, bsv_bagholders.png [View same] [iqdb] [saucenao] [google]
52836145

>>52832399
This goes in our favor too. Bsv is at historical minimum, so a lot of bagholders will refuse to sell to shorters around these prices

>> No.52836218
File: 97 KB, 738x330, 1670699741388607.jpg [View same] [iqdb] [saucenao] [google]
52836218

>>52833376
This is the more interesting part of this than
>le epic gme squeeze
This could be the spark that gets people to research BSV. The argument has lay dormant since roughly 2015/16 - but the current crypto-sphere needs to realize that BTC was never made, nor designed to be a SoV, "inflation hedge", or whatever other cope. That's not it's intended purpose, and that's why it's failed at it. Newcomers were sold a lie, and ticker BTC has absolutely no use in its current state, and is completely worthless. It cant be used as p2p cash (its intended purpose), and it's clearly not a SoV or inflation hedge, which was a cope narrative started in 2018. Core could very realistically go sub-$100, as its only current use is speculative gambling, it has no underlying value. With research though, you'll understand Bitcoin (real) is the world-changing tech that was in a perpetual giga-bull market from inception. It will be resurrected.

>> No.52836223

>>52836145
Most long term holder will know what we do.They won't sell the recovery its painted clear as day on the charts

>> No.52836262

>>52833344
Nice numericals. Also >>52834459 is a pretty realistic scenario. You have very little to lose, like maybe 10% tops. It’s clear most everything, BSV included, has reached some sort of bottom. I bought 10 of them and can’t foresee a scenario where it plummets and I lose 50%. Or maybe it does, who knows. Either way just like always, don’t gamble with anything you wouldn’t be comfortable losing.

>> No.52836339

>>52836218
It could very well happen and in a sense needs to happen.
For once the normies could actually be of some use.

>> No.52836434

>>52833880
I would love if the new Musk-Doge became normie BTC vs. BSV flame wars.

>> No.52836512

>>52832399
Where can you exchange BSV?

>> No.52836530

>>52836434
It would be the perfect kino.
The absolute copium spewed forth by Michael Saylor alone

>> No.52836546

>>52836218
You think if this becomes known to the masses then BSV will start pricing at BTC levels?

>> No.52836554

>>52836512
Exodus wallet has defi for amongst other thing BSV.
Kucoin exchange has it

>> No.52836558

>>52832399
Digitssss. Been buying since the seventh.

>> No.52836565

>>52836512
Kucoin was easiest for me but there's a bunch of alternatives all over this thread

>> No.52836890

>>52836218
>This could be the spark that gets people to research BSV.
Can confirm for myself. Cant imagine it wont happen for others.

>> No.52837055
File: 96 KB, 1280x720, 1670462218850713.jpg [View same] [iqdb] [saucenao] [google]
52837055

>>52836546
It has the fundamentals for it. What it needs is a community akin to that of earlyish Bitcoin, and more decentralized nodes. As far as tech, it is not even remotely close. The capabilities of BSV, just like early Bitcoin, make the entire "alt-market" unironic shitcoins. Just like "BTC" used to.

>> No.52837175

Cold Wallet:
14BMRtbwkhFME8pjPkn17hKesesD99EVKs

as per https://github.com/bitfinexcom/pub/blob/main/wallets.txt

Hot wallets seem to be only 500 or so coins

>> No.52837381

>>52835534
>>52835534
>>52835534

>bsvsqueeze on tg

Thanks for making the channel, anyone who's interested in following the short squeeze, join here

t dot me / bsvsqueeze

>> No.52837495
File: 139 KB, 1359x741, Screenshot_20221212_212800.png [View same] [iqdb] [saucenao] [google]
52837495

>>52832399
Interesting, I'm seeing that the second biggest exchange by BSV volume is MEXC...
and apparently they offer 3x and 4x short bsv etf... would be interesting if we could somehow figure out what their exposure is, but if the short squeeze happens, these leveraged short ETFs are royally FUCKED...

>> No.52837524

Woah
https://coingeek.com/bsv-investors-file-9-9-billion-class-action-lawsuit-against-binance-bittylicious-kraken-and-shapeshift/

>> No.52837563

>>52832551
In any case, non custodial wallets are the smartest

>> No.52837640

>>52837524
Nice. The exchange cartel collapsing would be the greatest thing for crypto long term.

>> No.52837641
File: 28 KB, 592x224, CBDC.png [View same] [iqdb] [saucenao] [google]
52837641

>> No.52837651

fuck that. crypto is done. all my money is in stocks/etfs.

>> No.52837657

Curious what do bsv bros think of xrp/sec trial/xrp schizos?

>> No.52837663
File: 177 KB, 1284x1143, Nigeria.jpg [View same] [iqdb] [saucenao] [google]
52837663

>>52837641
>>52775186

Nigeria just made it illegal to withdraw over $45 from an ATM.

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

Connect the dots.

>> No.52837676

>>52837657
XRP is 100% pre-mined

>> No.52837806

>>52837657
I know some of the devs of xrp (i was in bitcoin since before xrp launched).
My take is that xrp is premined and technically a security, so i personally wouldnt invest in that.

Of course since there's rumors of them coming to an agreement with the SEC.. it could be an interesting short term trade, but depending on what the actual news is, it could go either up or down... I dont have enough insider news on that to trade it profitably

>> No.52837811

>>52837663
CBDC's will have laws passed to their advantage if necessary. Position yourselves accordingly anons.

>> No.52837863

>>52837806
>>52837676
I was mainly referring to the whole narrative around it being used as the bridge for cbdcs, which seem all but inevitable at this point. Everyone at xsg is aware of the scam of "btc", but I'm not sure how many of them are aware of bsv. I fluctuate between xrp being a generational wealth opportunity to being the greatest demoralization psyop ever carried out.

>> No.52837867

>>52837811
It's just nuts to believe in Bitcoin and not get a stack right now.
They just on-boarded Norway's richest man as the CEO last week.
Dude was worth 5 billion 5 years before The Bitcoin Whitepaper was even written. Now he is BSV 24/7

He said he would not have gotten involved if he wasn't 100% sure that he could bring BSV to a trillionaire dollar market cap.

>> No.52837915

>>52837863
Doubt any government is going to use XRP. It's not provable fair. It's dumping your whole economy into some guys that just insta-created 100,000,000,000 coins and started selling them.

>> No.52837922

you niggers are so fucking stupid

>> No.52837962

>>52837867
BSV is pretty much inevitable at this point.
From the connections to the tech. Purposeful suppression of its name must be the case.
We will some truly interesting things once people begin to question just what BTC was about in the first place.

>> No.52837986

>>52837922
Seething Corecuck

>> No.52838069
File: 90 KB, 593x593, Practically Free.jpg [View same] [iqdb] [saucenao] [google]
52838069

>>52837962
>what BTC was about in the first place.
Indeed

>> No.52838105

secrets out, price already going up

>> No.52838127

>>52838105
thats a good thing, we want the price to keep going up, but hopefully the shorts wont go down too fast, so in the end they will be all forced to buy back from us at much higher prices..

>> No.52838157

>>52838069
yea, I still remember when i could send my btc for 0 transaction fees... then we got mainstream adoption, i was buying games on steam with bitcon... then corecucks cucked the blocksize so fees went through the roof so everyone had to stop using btc...

>> No.52838279

>>52838127
Don't forget irregardless of a short squeeze. Over 80% of all shorts on BSV are about to close,that kind of sell pressure evaporating isn't a negligible event.

>> No.52838301

So, the vast majority of bsv shorts just closed on bitfinex and the price didn't even top $47
What a squeeze that was

>> No.52838320

So what now? Seems most of the shorts have already closed.

>> No.52838330
File: 78 KB, 613x460, F71C1015-25C3-47B3-8399-202ACD65F661.jpg [View same] [iqdb] [saucenao] [google]
52838330

h-here I go

>> No.52838334
File: 69 KB, 1444x495, ᐅ-Buy-Steam-gift-cards-with-bitcoins-or-cryptos-⇒-Coinsbee.png [View same] [iqdb] [saucenao] [google]
52838334

>>52838157

>> No.52838365
File: 8 KB, 204x424, BSV Shorts 12-12-2022.png [View same] [iqdb] [saucenao] [google]
52838365

>>52838320
Most ?

>> No.52838374

>>52838301
Its ogre
All the tech and connection and the massive reduction on shorts is nothing anons.

>> No.52838389

>>52838365
Yeah, I guess tradingview shows quite the drop but bitfinex still shows 99%+ short ratio, kek:
https://trading.bitfinex.com/t/BSVBTC/details

>> No.52838417
File: 17 KB, 307x505, BTCBSV Shorts 12-12-2022.png [View same] [iqdb] [saucenao] [google]
52838417

>>52838389

>> No.52838437

>>52838365
>>52838374
>hurr durr, short squeeze for maximum profits
>who cares if the short squeeze evaporated what's really important is how many cannibal niggers in Sierra Leone are learning to code with bsv. Mass adopsion.

>> No.52838485

>>52838417
> went from 10k to 5k in less than a week
> price barely moved
> still a week to go
It's ogre.

>> No.52838527
File: 82 KB, 1141x808, its ogre.jpg [View same] [iqdb] [saucenao] [google]
52838527

its ogre

>> No.52838542

>>52837495
It's worthless dealing with custodial wallets at this time.

>> No.52838550

>majority of shorts close
>Next to No sell pressure
>Heal
Don't you understand that?

>> No.52838608

>>52838550
>heal
>acceptance
It is the final step in the grieving process. It's time to admit that you were fucked by scammers

>> No.52838623

>>52838608
>fucked by scammers
I'm in the green...

>> No.52838630

>>52838527
damn, that's fishy, all the shorts suddenly close at the same time?
Are we supposed to believe it was just one player shorting? Personally i still don't trust this data and will hold till the 19 just in case.

>> No.52838669

>>52838630
Bitfinex still shows 99% short ratio >>52838417
so I'm not sure what to believe. But shorts closing, volume rising, and breaking out of a multiyear long trendline seems kind of bullish to me imo.

>> No.52838677

>>52838630
Still about 5k BSV short on Bitfinex

>> No.52838948

>>52838677
>>52832733
so during thread like half the ammuntion was closed, and zero price movement. Why should other half be different?

>> No.52839093

>>52838948
What's ammuntion

>> No.52839348

>>52839093
the amount of shorts to squeez.

>> No.52839424

Hold the line. Don't let them jew you out of the real Bitcoin at a meere $47 each

>> No.52839465
File: 70 KB, 1493x853, bitfinex biggest scam exchange.png [View same] [iqdb] [saucenao] [google]
52839465

what are the political implications of this move that bitfinex has pulled?

will they ever pay for their scams?

>> No.52839602

>>52839465
It's cool. I got to sell the bsv I bought for $340 at $46 instead of the $37 it was at last week.
WAGMI

>> No.52839607

LOL

LMAO

>> No.52839832

So, what are we thinking bros? I'd like to know why they even bothered forcing them closed in the first place.

>> No.52839920

>>52839832
Wasn't waiting for a short squeeze, I'm much more interested in seeing an unstrangled BSV's movements.
After all it had been creeping up before any of those shorts had closed.

>> No.52839936

>>52839832
personally ill keep holding until the 19th at least, i dont trust this sudden disappearance of shorts

>> No.52839975

>>52839465
>Little price movement in BSV
>No movement in BTC
>Doubt
Could be a shakeout. Hodling.

>> No.52839985

>>52839936
It's fairly suspicious that they all seemingly closed at the same time. That would lead me to believe that they were all bitfinex's own shorts, not users?

>> No.52840002

Anybody got the link for the article to do with that German exchange making their customers sell their BSV befpre the 19th lest it be converted to BTC?

>> No.52840008

I sold this morning to make 11 dollars.

I will buy again tomorrow because I'm a dumbass and thought I could make 11 dollars.

>> No.52840026

>>52840002
https://www.reddit.com/r/bitcoincashSV/comments/zj4jio/this_may_be_a_coincidence_but_bitcoinde_sent_an/

>> No.52840029

>>52840002
This is the link, can use google translate to english:

https://coinforum.de/topic/29657-einstellung-des-handels-und-der-verwahrung-von-bitcoin-sv-bsv/

>> No.52840081

>>52840026
>>52840029
Thanks lads,much appreciated.
This really piqued my interest.No way any exchange would go to the effort of swapping crypto over for someone ?

>> No.52840106

POOMP

>> No.52840116

>>52832399
>>52839465
Imagine getting scammed by this faggot ass op. Same guy that tried to pretend the shorts were valued in btc not bsv lmao

>> No.52840151

>>52840116
If you went 5x Long like me 3 days ago you'd be up over 50% right now anon......

>> No.52840174

>>52840151
Your the same guy

>> No.52840190

>>52840174
im up 15% in 3 days not behd lol

>> No.52840233

>>52840174
No.i am me.
>>52840190
He is him

>> No.52840330

>>52840190
it's a pump in dump the vast majority are gonna lose your own post is evidence of this

>> No.52840357

>>52840330
How do you pump and dump something at the very bottom? The shorts are closing and the sell pressure is evaporating anon.

>> No.52840376

>>52840357
by posting and pretending all the negative price action of bsv came from a couple million dollars in shorts and that the removal of those shorts is gonna cause the price to pump over 1k then con a bunch of retards into buying. Then you all run for the exit.

>> No.52840457

>>52840376
im not fucking selling!
Definitely not at these prices...

>> No.52840469

>>52840376
I've never once stated BSV would squeeze over $1k.
BSV is low volume and the orderbooks show it. A couple million dollars sell pressure could have an effect on the price due to the reasons previously stated.
BSV had begun to creep up before these threads began and it pumped AFTER the first few posts about those shorts having been closed.

>> No.52840472

>>52840376
>8 retards putting 300$ into a billion dollar market cap coin is going to affect the price to any meaningful degree
Fuck off retard

>> No.52840487

>>52840469
>ive never once in this entire thread stated or thought that!!!
>>52840457
>>52840472
cope

>> No.52840524

>>52840487
Both of them and me are in the green on BSV meanwhile the only thing green going on with you is your ID

>> No.52840551

>>52840487
Please explain to me the steps that the 39 other basement dwelling neets putting their allowance into BSV will create a meaningful change in the price, such that a millionaire looking for exit liquidity would achieve his goal by scamming 30 nerds

>> No.52840570

>>52832409
wait for craig's next court hearing, short bsv. watch the live stream with a nice hot beverage and see him tangle himself up in techno babble and lies. put the chart beside his face and watch it fall /i.e. your shorts rise) as he speaks

>> No.52840606

>>52840551
>Basement dwelling NEET's
Don't pull me into your filthy bath water i'm a player
>t. Attic chad

>> No.52840612

if you really think bsv is gunna 30x over this nothingburger you're insane
definitely some money to be made but there is no way it hits 1500 within the week

>> No.52840635

>>52840612
Having over 80% of the short itnerest in BSV evaporate,is not a nothingburger.

>> No.52840679

>>52839832
SBF was just arrested
Just a coincidence

>> No.52840692

>>52840679
why is everything happening on 12/12/2022?
What bitcoin moon phase are we in?

>> No.52840726

>>52840692
Gematria

>> No.52840799

Price spiked to 49.999 on kucoin.

>> No.52841072
File: 56 KB, 640x360, 7294FC07-5963-4B83-8B15-0B412AC5E477.jpg [View same] [iqdb] [saucenao] [google]
52841072

How does KuCoin futures market factor into this? Like can I just open a long there with a high profit take?

>> No.52841698
File: 211 KB, 737x672, DE8FF878-88A8-4629-8230-1BAECA8FB4DD.jpg [View same] [iqdb] [saucenao] [google]
52841698

>>52840692
Gm, anon

>> No.52841724

>>52841698
Anyone have the Q > NSA > Dragon Gold meme? I’m phonefagging atm

>> No.52842474

>>52835725
>>52835816
me again, i closed and bought some earlier at ~46, gonna hold this at least until 19/12. the short closing is never ever legit, either way it was rigged, price is prob going up in the next days one way or another

>> No.52842853
File: 258 KB, 1170x958, 132691EA-94D3-490B-979D-1B21C1562CC3.jpg [View same] [iqdb] [saucenao] [google]
52842853

>>52839832
Crypto Cabal lost control
Ftx way big than many think

>> No.52842905

>>52840551
I sleep on the second floor asshole and I bought $500 worth.

>> No.52842967
File: 2.32 MB, 454x262, D8FD50AB-1680-4498-BC30-03BD93F8A337.gif [View same] [iqdb] [saucenao] [google]
52842967

>>52839465
>>52838527
DOMP EET

>> No.52844084

>>52839465
9500 BTC worth of BSV shorts just closed and literally nothing happened to the BSV price.

Were the shorts just fake all along?

Explain

>> No.52844111
File: 858 KB, 498x380, 1656029470438.gif [View same] [iqdb] [saucenao] [google]
52844111

>>52832464

>> No.52844133
File: 158 KB, 2780x1662, bsv.png [View same] [iqdb] [saucenao] [google]
52844133

event horizon

>> No.52844211

>>52844084
It was only 9500 BSV not BTC. /biz/ Jumped the gun.

>> No.52844743

>>52839465
Kek biz got meme'd again
Nothingburger confirmed

>> No.52844832

Interesting that they pushed the date back but immediately closed what were seemingly all their own shorts on the 12th anyway. I doubt any of that was even users' shorts.

>> No.52845444

>>52844832
Nothing normal about any of this. At least the selling pressure will subside (in theory at least) and people can start having honest discussions about bsv vs btc etc.

>> No.52846203

>>52842474
Get out while you still can anon. This was a trickedy trick and u r gonna see ur ass if u sit on this.

>> No.52846298
File: 236 KB, 1686x982, 1585351162551.jpg [View same] [iqdb] [saucenao] [google]
52846298

>>52841724
here you go fren

>> No.52846516

>>52832399
So, Bitfinex had recently published their proof of reserves, and their BSV cold wallet was empty.
Now according to their chart, all the shorts closed at the same time, and within the same hour their empty bsv cold wallet received 70k bsv in one transaction:

https://whatsonchain.com/address/1JCtg7CEqifVoTjEiCDSAJzqk2AAWsZtY6

My current theory is:
- 99% of those shorts on Bitfinex was Bitfinex itself
- Bitfinex was doing this to manipulate down bsv price and counteract bsv buying pressure. This was an open secret in crypto, since several bsv haters wanted bsv to be delisted everywhere except bitfinex because it allows shorting and otherwise the price would go up.
- Due to all the naked shorting, it is likely that a lot of people on Bitfinex were sold synthetic bsv and their reserves didnt match up (CSW warned people of this, when he calculated that there were 29 million btc for sale on the top exchanges)
- with the increased scrutiny on exchanges and people asking for proof of reserves, Bitfinex was forced to stop the manipulation on bsv and hide their tracks, hence the announcement

Now i see two options, either they actually managed to acquire enough bsv to cover the longs (buying otc).
Or they just removed their huge short from the database, and are planning to acquire the bsv to cover withdrawals over time.
So far this is a win for them, they managed to suppress bsv price for years while shorting it and likely bought it back at the lowest possible prices.
The good thing for bsv'ers going forward is there wont be as much downward price manipulation on bsv (unless other exchanges are doing the same and we should investigate)

My personal plan of action is hold until the 19 in case the shorts disappearing was just a manual edit to suppress talks of a short squeeze, then afterwards withdraw from Bitfinex.
If everyone holding bsv on bitfinex withdraws, if their reserves dont match up theyll have to start buying bsv

>> No.52846597

>>52846516
Tldr it was a big fat nothingburger

>> No.52846620

>>52846516
>If everyone holding bsv on bitfinex withdraws, if their reserves dont match up theyll have to start buying bsv
But like you said they have 70k BSV now

>> No.52846731

>>52835279
thanks I copied the link without using you nigger referal

>> No.52846880

>>52846620
Weren't they short 3 million coins originally? What's 70k gonna do?

>> No.52846926

>>52846880
No the short positions were in BSV not BTC, the tradingview page showing the shorts in btc was a ui glitch
The only potentially bullish point is that now the short positions have basically come down to zero it might incentivise traders to buy BSV

>> No.52848901

>>52846516
Doesnt really matter to me. BSV still has the best tech, and is clearly doing the most real world onboarding in crypto. So even if bitfinex scammed their books, im holding.

>> No.52849312

Still bullish

>> No.52849467
File: 59 KB, 1043x831, decentchart.png [View same] [iqdb] [saucenao] [google]
52849467

>>52849312
Been a good month.

>> No.52849917

>>52832399
>king shitcoin is being delisted
>"buy my bags bro"
i'm cool thanks

>> No.52851193
File: 425 KB, 2160x2160, Fj35QfhXoAYaqPr.jpg [View same] [iqdb] [saucenao] [google]
52851193

Bitcoins BIGGEST hater interviewed today at 2PM EST by Kurt, Head of BSV GorillaPool and BSV spokesperson.

Tune in LIVE at 2 PM EST to ask your questions here: https://youtu.be/gJz8NBRhZn8

>> No.52851233

it hurts how stupid you faggots are

>> No.52851396
File: 58 KB, 529x759, Dr wright 12-13-2022.png [View same] [iqdb] [saucenao] [google]
52851396

Dr. Craig Wright on Twtetch just now

>> No.52851474
File: 35 KB, 591x408, Dr-Craig-S-Wright-on-Twitter-Ira-Kleiman-was-offered-a-settlement-The-lawyers-convinced-me-to-be-nice.png [View same] [iqdb] [saucenao] [google]
52851474

>> No.52851496

>>52832399
Trying to meme a "short squeeze" is the last flailing gasp of a dying schizo. Sneed.

>> No.52851530
File: 24 KB, 596x226, Jason Momoa on Kurt Wuckert Livestream.png [View same] [iqdb] [saucenao] [google]
52851530

>> No.52851579
File: 17 KB, 590x137, Dr-Craig-S-Wright-on-Twitter-.png [View same] [iqdb] [saucenao] [google]
52851579

Satoshi on fire this morning
https://twitter.com/Dr_CSWright/status/1602692381723222016

>> No.52851637
File: 74 KB, 1200x675, 1670955784180.jpg [View same] [iqdb] [saucenao] [google]
52851637

Let me put this in a civil way: you bought a shitcoin, your god is a scammer and even if I stand to lose money from a hypothetical short squeeze, I do not care. You all deserve to lose all your money for sucking the cock of the biggest con artist in crypto and your bitsatoshitcoins are worth zero in my eyes.

>> No.52851711

>>52851637
Found the shorter...

>they still havent covered

Which exchange are you shorting on?

>> No.52852191

Kurt Wuckert Jr and Peter Schiff LIVE
https://twitter.com/i/broadcasts/1rmxPkEBnWLJN

>> No.52852353

>>52846298
God bless you anon

>> No.52852379

I thought this woudl """""""squeeze"""""" yesterday you lying scammercucks

>> No.52852434

>>52852379
Squeeze or not BSV is the only crypto worth owning. Everything else is a SCAM

>> No.52854578

>>52832399
bsv bros cast your vote:

https://twitter.com/WhaleChart/status/1602753382875267072

>> No.52854899

Can anyone confirm something has changed to do sith BTC in the UK?
CSW posted on Twetch saying the Bitcoin node code isn't available in the UK any longer and that next year the USA and EU will follow.
Looked it.up but apparently the UK thing is old news ....

>> No.52854917

>BTC Core cannot distribute node software in the UK
Is this a recent development or old news ?

>> No.52854948

>>52854899
I dont think anything material has changed, but he was arguing with Cobra on twitter the other day, saying that him blocking IP's in the uk from accessing the whitepaper is not enough to satisfy the court order, so he might drag him back to court? Rest is probably referring to his other court cases versus exchanges which are in early stages

>> No.52854998

>>52854948
Nice.If he does hopefully Cobra doesn't show up again and it's an easy open and shut case.
Bullish AF if they put some sort of injunction out on BTC in the uk

>> No.52855843
File: 29 KB, 598x372, BSV_cult.png [View same] [iqdb] [saucenao] [google]
52855843

>>52852434
the cognitive dissonance of BSVcultists is insane

>> No.52856198

>>52855843
rent free

>> No.52856904

>>52855843
Absolutely malding.

>> No.52857949

Craig will just steal your coins, do not touch this shitcoin.

>> No.52858996

>>52857949
On the one hand, it’s clear Satoshi intended Bitcoin to scale by increasing the block size. On the other hand, the creators of the various forks from the 2010s engaged in the sin of inflation and are now shitcoiners. So now the BTcers are obsessed with their small blocks and unusable coin, and the general public (correctly) regards BSV, BCH, LTC etc as being knockoffs that have lost the Mandate of Heaven (and lost 90% of their value vs BTC). So we seem to me to be further away from bitcoin killing central banks than we were 5-6 years ago.

>> No.52859580
File: 168 KB, 745x769, 1578852440641.jpg [View same] [iqdb] [saucenao] [google]
52859580

>>52855843
This guy must love craig's big, stiff, juicy cock, you dream of it every night don't you? I got something to tell you, you are in the denial phase, as the time moves on, you will understand too, everyone will.

>> No.52861027

>>52832399
is it crappening

>> No.52861322

>>52851474
PAY DENBTS

>> No.52862378
File: 191 KB, 1125x611, 7FC24F6D-7CA6-40F6-903E-FF865B37EA4D.jpg [View same] [iqdb] [saucenao] [google]
52862378

>>52832399
>27% of CT thinks that BSV is the real bitcoin

If this is correct, why isnt bsv worth more than bch by now? Heck if this was correct bsv should be worth almost 7k by now...

Either people need to put their money where their mouth is, or there is some serious manipulation suppressing bav price...