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Quote from: Chuckone on October 28, 2014, 12:12:05 pmQuote from: matt608 on October 28, 2014, 12:10:38 pmQuote from: mf-tzo on October 28, 2014, 12:08:31 pmHow dumping BTSX get you profits from shorting bitusd?My understanding is that if BTSX are dumped their price to usd will fall, so someone shorting bitusd (expecting usd to fall vs. BTSX) will lose.Oh right yes I'm mistaken. Someone with a large position is quite bullish about the future value of BTS...So the big shorting action increasing bitUSD market cap is just because someone thinks BTSX will rise? But someone had to buy that bitUSD didn't they. And those people must think BTSX will go down so they buy bitUSD to protect themselves. So overall is increase in bitUSD market cap just means people are hedging, placing their bets within the system, not necessarily that any new money is entering?
Quote from: matt608 on October 28, 2014, 12:10:38 pmQuote from: mf-tzo on October 28, 2014, 12:08:31 pmHow dumping BTSX get you profits from shorting bitusd?My understanding is that if BTSX are dumped their price to usd will fall, so someone shorting bitusd (expecting usd to fall vs. BTSX) will lose.Oh right yes I'm mistaken. Someone with a large position is quite bullish about the future value of BTS...
Quote from: mf-tzo on October 28, 2014, 12:08:31 pmHow dumping BTSX get you profits from shorting bitusd?My understanding is that if BTSX are dumped their price to usd will fall, so someone shorting bitusd (expecting usd to fall vs. BTSX) will lose.Oh right yes I'm mistaken.
How dumping BTSX get you profits from shorting bitusd?My understanding is that if BTSX are dumped their price to usd will fall, so someone shorting bitusd (expecting usd to fall vs. BTSX) will lose.
There was some huge shorting action yesterday that more than tripled the current supply of bitUSD.http://bitsharesblocks.com/blocks/block?id=858831PS. I'm not sure about the price ratios etc of asset transactions after all the recent changes to shorting mechanics, I'm gonna have to go over them and make sure everything is still correct. Anyway the short answer is lots of shorting happened, so market cap went up.