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RE: How to predict the price of Bitcoin without being psychic
99% of traders lose money. Lending has risks (see Bitfinex hack). 2700 Bitcoins are nothing for the current market and liquidity. Sorry but you shouldn't be giving tips to noobies. I don't know how much skin you have in the game or how long you have been into crypto but as a veteran (profitable one) this is hogwash and just asking to get REKT.
What's wrong with giving trading tips? The reader can make their own decision regarding whether or not they would like to follow them. You sound like you have been rekt before :)
Right there with ya' thanks to BFX
Lending has huge risks. Doesn't matter what it is that you lend. Give some one drugs for a few days many do not pay... Bitfinex was more like giving some one drugs for a few days and they come to your house kill your family and steal all your shit ;) haha!!! someone said on reddit they lost 250 BTC in a day because of the bitfinex hack D: D:
@egjoshslim Yes of course. I'm just explaining the mindset of the short seller since most people don't get the motivation.
The rest of the post and really the only part of the post that matters is that here is an indicator with strong predictive value, it's easy to see the indicator and the effect it will have and it's based on the reality of the future of the situation that the indicator is indicating.
It's saying "yeah there is currently a lot of money tied up in people trying to sell more than they have on hand, you might want to think about how that's going to impact your bottom line for the day".