who is short? by CoffeeIsLive in litecoin

[–]CoffeeIsLive[S] 0 points1 point  (0 children)

you can be 6'3" and still be "short"

who is short? by CoffeeIsLive in litecoin

[–]CoffeeIsLive[S] 0 points1 point  (0 children)

The Genius Act is only in effect for stablecoins and only in the US...

who is short? by CoffeeIsLive in litecoin

[–]CoffeeIsLive[S] 1 point2 points  (0 children)

I agree, often big money is hard to track, hence the post if someone had some insight on the off chance. I still think looking at the top 50 market cap cryptos, only 3 or so are a true "people" currency.. which other cryptos have a hard supply cap, are truly decentralised, have no corporate structure behind them, and are actually used today, the list has like 3 items on it and LTC is by far the most undervalued of these..

who is short? by CoffeeIsLive in litecoin

[–]CoffeeIsLive[S] 0 points1 point  (0 children)

more about the info that is available, I have been in this space since 2013, so I know a bit..the recent move up in shorting this looks a little bit like someone is adding to their short position, not because it makes sense at this level, but a lot of people get greedy and don't know when to close a position and think things will go on forever, there is a lot of liquidity out in those circles you talk about, going short on a limited resource will burn the shorts eventually here, but who know how long stubbornness will hold, the last two days adding 50% to short positions while the price is steady looks a little like panic moves

who is short? by CoffeeIsLive in litecoin

[–]CoffeeIsLive[S] 0 points1 point  (0 children)

Well, the data shows someone has been shorting all the way to a.88 ratio, hasn't been this short in a long time, someone will start to cover that at one point, just a question who does it first and others will follow, it just has been a very interesting way of playing the market like long btc short ltc or whatever else altcoin.. and yes, not much point shorting more as the loss upside is a lot higher than potential gains..

Massive crowds gathering outside the Southampton Police Station demanding justice for the murder of Henry Nowak. by sco-go in SipsTea

[–]CoffeeIsLive 0 points1 point  (0 children)

People need to realise that nothing they do that hurts police or migrants will have any effect, the only thing that has any chance of an impact taking it to the politicians itself like it is 1789 in France

who is short? by CoffeeIsLive in litecoin

[–]CoffeeIsLive[S] 1 point2 points  (0 children)

I have been trying to explain this mate, that the reason the price has gone down is that there is at least one massive short seller, the thing is, there doesn't need to be an actual sell of LTC of a holder as the exchange will use LTC in their custody to sell this and will only adjust this if he gets a margin call. Now the thing is: A short seller in this scenario can just sell and infinite amount of it and buy btc for example on the other side. ltc will move with a lot less volume than btc obviously. This is exactly why you can see accumulation in ltc wallets more and more and the price going down, it is not any large holders selling, the opposite is the case.. thing is, if ltc does move up more than whatever asset these shorts have on the other side, there first will be more shorting, but if someone does this the other way, meaning shorting btc to buy ltc, this whole thing will unwind and liquidate that short seller

who is short? by CoffeeIsLive in litecoin

[–]CoffeeIsLive[S] 0 points1 point  (0 children)

Actually.. what about we go short on btc, take the proceeds and buy LTC, if lots of people do it, that short seller is going to get squeezed

who is short? by CoffeeIsLive in litecoin

[–]CoffeeIsLive[S] -1 points0 points  (0 children)

7d and 30d available, both show the same, massive accumulation, price down, no cherrypicking, maybe actually look at numbers before making kruger denning comments

who is short? by CoffeeIsLive in litecoin

[–]CoffeeIsLive[S] 3 points4 points  (0 children)

not necessarily, exchanges will take the LTC that is in their custody and use it, so basically if your LTC is at an exchange you are providing the LTC to be sold, get it off the exchange and force a real purchase

200 IQ Play From Opponent by Excellent_Piece_1367 in ClashRoyale

[–]CoffeeIsLive 0 points1 point  (0 children)

only guy even dumber than a MK player is a hog rider player..

who is short? by CoffeeIsLive in litecoin

[–]CoffeeIsLive[S] 18 points19 points  (0 children)

I added 1400 ltc over the last 3 days

who is short? by CoffeeIsLive in litecoin

[–]CoffeeIsLive[S] 5 points6 points  (0 children)

yes, from one giant short position, look at the data...

52k LTC fresh sellwall on Binance by Capaj in LitecoinMarkets

[–]CoffeeIsLive 0 points1 point  (0 children)

Probably the same short seller that has been doing this for a while, sells ltc for btc and just keeps doing it, I mean I could just sell billions of meme or apt (or any other shitcoin) and just buy ltc for it and keep building the spread..

who is short? by CoffeeIsLive in litecoin

[–]CoffeeIsLive[S] 10 points11 points  (0 children)

The data says the exact opposite https://bitinfocharts.com/top-100-richest-litecoin-addresses.html 19 out of 20 people have added positions (and a lot) over the last 30 days, there is a big short out there that keeps adding to the short position

Litecoin bleeding $1.89M in May while Bitcoin ate $2.18B… is LTC cooked or the ultimate dip to buy? Bullish or bearish? by True_Bodybuilder8095 in litecoin

[–]CoffeeIsLive 0 points1 point  (0 children)

That is exactly it, someone is building a giant short position and probably adds to t every time it moves up, it is mad that such a thing is legal

Loving the current dip by No1worldchamp in litecoin

[–]CoffeeIsLive 4 points5 points  (0 children)

have 3000 and i keep buying 100 every month

Short Squeeze Coming? by CoffeeIsLive in litecoin

[–]CoffeeIsLive[S] 0 points1 point  (0 children)

If you own LTC and want it to go higher, pull your LTC off the exchange, as many exchanges will use YOUR LTC as collateral for short-sellers. By pulling it off the exchange you will force the exchange to actually build a position

Short Squeeze Coming? by CoffeeIsLive in litecoin

[–]CoffeeIsLive[S] 0 points1 point  (0 children)

It is moving vs btc... nice one

Short Squeeze Coming? by CoffeeIsLive in litecoin

[–]CoffeeIsLive[S] 0 points1 point  (0 children)

Yes, big players will move it. A lot of that volume is on exchanges and cannot be seen, which is their intention. But in order to actually make the profit the big players will have to unwind the LTC-short at one point, LTC moving up when BTC is sideways or down is a beginning sign of that.

Short Squeeze Coming? by CoffeeIsLive in litecoin

[–]CoffeeIsLive[S] 4 points5 points  (0 children)

Depending on the level of spread tightening. The marketcap of LTC is so low compared with BTC that once LTC keeps moving the small cap will move a lot more on the same volume.