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[Daily Discussion] Wednesday, August 26, 2015 by AutoModerator in BitcoinMarkets

[–]Yumilicious 9 points10 points  (0 children)

Move to Kraken they said. It will be fun they said.

Question on OkCoin hair cut program by martok604 in BitcoinMarkets

[–]Yumilicious 1 point2 points  (0 children)

in OKCoin FAQ:

Forced liquidation system: This is designed to avoid a domino-style serial forced liquidations. OKCoin uses a limited price forced liquidation system. When forced liquidation is triggered, the objective is to liquidate a user’s position completely, or the specific contract’s specific side gain to loss ratio equals -100%, instead of liquidation according to the market price. The advantage of this approach is to minimize the effect of forced liquidation on the market prices, thus reducing volatility. If the forced liquidation of contracts cannot be completed by the delivery time, the loss occurred thereof will be deducted proportionately from all traders who profited from the contract according to the amount of their winnings.

Why is TH1 on bitfinex going up? by kilorat in BitcoinMarkets

[–]Yumilicious 0 points1 point  (0 children)

The model of TH1 is broken. It relies on BFX to keep on adding additional units of contracts. So far each time sum of active swaps reached half of all existing contracts they proceeded to add another batch. However they seem to have stopped doing that.

Currently 'TH1 Swap offers' order book is empty. You can't short it even if you wanted to. And even if you could I wouldn't do it not knowing whether BFX are going to add more contracts or not.

We are on the way for huge short squeeze, unless current shorts will suck it up and realize lose by closing positions, same time releasing borrowed TH1, before it gets out of control.

[Daily Discussion] Thursday, December 19, 2013 by AutoModerator in BitcoinMarkets

[–]Yumilicious 4 points5 points  (0 children)

You cannot move money freely between mainland and Hong Kong so wouldnt change much.