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Offline biophil

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Why all the 40% interest rate shorts?
« on: October 29, 2014, 02:35:16 PM »

I'm definitely not complaining about the insane interest rate people are offering, but I have a feeling the explanation is considerably more silly than that:

I bet people are entering 40, thinking it's a price limit, not an interest rate. Why else would someone offer 40% when the next best offer is 10%?

Anyway, let's keep the high interest rates going. Looking grand.

Offline xeroc

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Re: Why all the 40% interest rate shorts?
« Reply #1 on: October 29, 2014, 04:58:02 PM »
Sorry .. but the wallet CLEARLY states otherwise ... if they don't read .. it's there own fault!
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Offline Mysto

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Re: Why all the 40% interest rate shorts?
« Reply #2 on: October 29, 2014, 05:00:17 PM »
Anyway, let's keep the high interest rates going. Looking grand.

lol

Offline Method-X

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Re: Why all the 40% interest rate shorts?
« Reply #3 on: October 29, 2014, 06:17:26 PM »
Why did the BitUSD "market cap" increase to $1,168,945? Last I remember it was under $350,000...

Offline biophil

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Re: Why all the 40% interest rate shorts?
« Reply #4 on: October 29, 2014, 06:19:09 PM »
Why did the BitUSD "market cap" increase to $1,168,945? Last I remember it was under $350,000...

I think the working hypothesis is that 3I converted some AGS funds to BitUSD.

Offline bytemaster

Re: Why all the 40% interest rate shorts?
« Reply #5 on: October 29, 2014, 07:12:21 PM »
Why did the BitUSD "market cap" increase to $1,168,945? Last I remember it was under $350,000...

I think the working hypothesis is that 3I converted some AGS funds to BitUSD.

We don't own that much BitUSD.  So it isn't all us.
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Offline biophil

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Re: Why all the 40% interest rate shorts?
« Reply #6 on: October 29, 2014, 09:09:17 PM »
Why did the BitUSD "market cap" increase to $1,168,945? Last I remember it was under $350,000...

I think the working hypothesis is that 3I converted some AGS funds to BitUSD.

We don't own that much BitUSD.  So it isn't all us.

Another distinct possibility is that a whale shorted it to himself.

Offline liondani

Re: Why all the 40% interest rate shorts?
« Reply #7 on: October 29, 2014, 10:09:29 PM »
Why did the BitUSD "market cap" increase to $1,168,945? Last I remember it was under $350,000...

I think the working hypothesis is that 3I converted some AGS funds to BitUSD.

We don't own that much BitUSD.  So it isn't all us.

Why did you made the conversion now?
Do you think bitcoin price will fall?
Do you think BTSX price will fall? (due the merge and dilution)?
You said you will convert all 3000 BTC to bitUSD... How much did you convert these days and what time frame should we expect for the next conversion?
Is it a coincidence that the same day except you, other have shorted a significant  amount of bitUSDs also ?
How do you think will this action influence BTSX price? Upwards or downwards? In short term or/and long term ...
I have many more stupid questions  :)
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Offline Empirical1.1

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Re: Why all the 40% interest rate shorts?
« Reply #8 on: October 30, 2014, 02:58:23 PM »
Why did the BitUSD "market cap" increase to $1,168,945? Last I remember it was under $350,000...

I think the working hypothesis is that 3I converted some AGS funds to BitUSD.

We don't own that much BitUSD.  So it isn't all us.

Another distinct possibility is that a whale shorted it to himself.

Well I'm glad to see the BitUSD CAP above $1 million regardless  :)

Offline liondani

Re: Why all the 40% interest rate shorts?
« Reply #9 on: October 30, 2014, 04:17:57 PM »
Why did the BitUSD "market cap" increase to $1,168,945? Last I remember it was under $350,000...

I think the working hypothesis is that 3I converted some AGS funds to BitUSD.

We don't own that much BitUSD.  So it isn't all us.

Why did you made the conversion now?
Do you think bitcoin price will fall?
Do you think BTSX price will fall? (due the merge and dilution)?
You said you will convert all 3000 BTC to bitUSD... How much did you convert these days and what time frame should we expect for the next conversion?
Is it a coincidence that the same day except you, other have shorted a significant  amount of bitUSDs also ?
How do you think will this action influence BTSX price? Upwards or downwards? In short term or/and long term ...
I have many more stupid questions  :)

Well, the most of my questions have get their answers from the... market ...
Hope it was just some combined coincident s  ...
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