- Mar 21, 2013
- 24,764
- 31,552
BFXData reports record short sellers on Bitcoin : https://www.bfxdata.com/positions/btcusd
All betting that BCC will split value with BTC.
Since every BTC = one free BCC effective noon tomorrow (12:20 to be precise), record numbers of betters (investors?) are shorting BTC.
One extreme scenario is BTC drops 50% since now you got 1:1 BTC:BCC.
Other extreme scenario is everybody dumps BCC to buy BTC as quickly as possible and BTC retains value or makes gains. Since shorts will have to cover, BTC might jump to very high levels (what speculators call a short squeeze).
Careful in the next few days, potential losses ahead. Obviously there's room to make $ as well, but it's probably 100X as risky as outright betting.
All betting that BCC will split value with BTC.
Since every BTC = one free BCC effective noon tomorrow (12:20 to be precise), record numbers of betters (investors?) are shorting BTC.
One extreme scenario is BTC drops 50% since now you got 1:1 BTC:BCC.
Other extreme scenario is everybody dumps BCC to buy BTC as quickly as possible and BTC retains value or makes gains. Since shorts will have to cover, BTC might jump to very high levels (what speculators call a short squeeze).
Careful in the next few days, potential losses ahead. Obviously there's room to make $ as well, but it's probably 100X as risky as outright betting.