notme
Legendary
*
Offline Offline

Activity: 1904
Merit: 1001


View Profile Email Personal Message (Offline)

Ignore
November 01, 2013, 10:02:35 PM

I think a lot of people are going to get burned come monday/tuesday.

No matter what happens when the stability ends, a lot of people will be burned.

However, there are $2mil on loan at bitfinex for long positions.  If I were accumulating on a massive scale and saw that, I would squeeze those to get a better price.

How do you know those are for longs? Could be for shorts.

How would borrowing USD allow you to take a short position?

There are 1900ish BTC lent out to people with short positions.