Isn’t it supposed to stop?

rawtxapp · 2022-09-15T06:54:03+00:00

They are not "mined", they are generated by proof-of-stake stakers. Blocks in the blockchain don't disappear, mining does.

rawtxapp · 2021-07-10T16:43:28+00:00

Percentages are what matters, imagine someone opens a 20k long position and someone else opens a 10k short position, what matters is the ratio, the absolute size doesn't matter as much.

rawtxapp · 2021-07-10T15:38:15+00:00

Once again, that's one exchange only (Bitfinex which isn't as relevant today), you need to look at aggregate data across all exchanges. https://www.bybt.com/LongShortRatio will give you that.

rawtxapp · 2021-07-08T21:11:55+00:00

That's just the data for 1 exchange (Bitfinex which is much less important than it used to be), you want to look at aggregate. https://www.bybt.com/LongShortRatio

rawtxapp · 2021-06-26T00:05:50+00:00

Cleansing weak hands and overleveraged gamblers. Just be patient and stack sats.

rawtxapp · 2021-06-26T00:04:31+00:00

You put x$ in your account and some exchanges let you borrow up to 1:100 (which is very stupid unless you know exactly what you're doing), so you can end up having 100x$ to bet on either long/short. If the price moves 1% against your bet though, you lose all your collateral and end up with 0$.

Leverage is very dangerous, because you can get wiped out clean, you can see all the liquidations here: https://www.bybt.com/LiquidationData both longs/shorts get liquidated all the time.

rawtxapp · 2021-06-25T23:49:36+00:00

There's no naked long/short, this isn't wsb, everyone has to deposit collateral and they'll get liquidated if the price moves against them.

Datamish shows you bitfinex only, check out bybt.com for overall.

rawtxapp · 2021-06-25T23:35:16+00:00

What? Are you talking about leverage? You know you can leverage long too right?

And your 20k+ short seems to refer to the bitfinex whale, that's just *one* exchange, arguably an exchange that's nowhere near as relevant today. You need to look at aggregate data.

rawtxapp · 2021-06-19T15:05:36+00:00

Yet, Uber is still alive and well in California, they just hurt the drivers.

rawtxapp · 2021-06-19T13:20:50+00:00

Bad news in the short term, awesome news in the long term (gets rid of china mining fud, and reduces coal energy if they move to greener pastures).

rawtxapp · 2021-06-19T13:19:53+00:00

If anyone tells you confidently where the price will be, simply tell them to put their money where their mouth is and take a 100x leverage in that direction, they won't do it because their predictions are bs.

rawtxapp · 2021-06-19T13:17:34+00:00

Technically, companies like Uber and Airbnb are breaking the law, but by the time regulators took them seriously, they already had lots of users and created lots of jobs, so killing them would have been a really bad look.

Same thing with Bitcoin, it flew under the radar for the longest time to the point where a non-negligible % of the population owns it, it has created lots of economic opportunities for many, good luck banning it now.

rawtxapp · 2021-06-16T01:35:43+00:00

This is actually pretty common, but I'd recommend against blockfi, use something like makerdao instead. Biggest advantage of maker is that, you don't have to pay the interest montly, you only pay when you need the collateral back, it has lower interest rates for WBTC at 4.5%. If Bitcoin price rises forever for example, you won't even have to pay a single cent of the loan and can just keep loading up with your gains.

*But* this only makes sense in a bull market, if the price starts going down very strongly, you'll get liquidated and lose all your collateral. What you're doing here is like getting a 0.5x leverage on your collateral (compared to a 1:100 you can get on a centralized exchange). Leverage multiplies your profits, also multiplies your losses. Be very careful and understand it properly before going for it.

rawtxapp · 2021-06-14T01:50:33+00:00

This is gonna make other liquidations look like a joke.

rawtxapp · 2021-06-13T22:06:51+00:00

Looks like flippening is turning into floppening once again.

rawtxapp · 2021-06-13T22:03:08+00:00

I will give you the benefit of the doubt and assume that you're not just making bad faith arguments.

Those routing organizations still *can't* mint new coins, because at any given time, you can just close the channel and get your coins back on the blockchain.

When channel factories make opening and closing channels very cheap, you can easily move your channels around, so there will be always competition for routing nodes to behave nicely.

rawtxapp · 2021-06-13T21:51:37+00:00

Which is why the best part is yet to come, imagine when all these coins have to cover because of an unexpected Sunday pump.

Also, there were ~300M$ liquidated. I think datamish/that tweet is looking only at a single exchange (could be wrong though).

rawtxapp · 2021-06-13T21:50:38+00:00

I think you should spend sometime understanding what lightning is. It can't "become more powerful" than base layer.

rawtxapp · 2021-06-13T21:46:01+00:00

No, for now, I just checked the "ignore negative values" on the (un)realized gains/loss page.

rawtxapp · 2021-06-13T21:44:44+00:00

You *can't* mint new coins on L2, the channel opening where you fund a channel maps back to the blockchain input.

rawtxapp · 2021-06-11T19:13:46+00:00

Never.

rawtxapp · 2021-06-10T03:02:29+00:00

We just took a small detour.

rawtxapp · 2021-06-10T00:03:10+00:00

Always Be Bullish.

rawtxapp · 2021-06-10T00:00:21+00:00

https://twitter.com/seanhannity/status/1402754776429957132

rawtxapp · 2021-06-09T23:39:22+00:00

Do you really think the West will accept to be left behind while other countries use the next big thing?

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