This was the post that said 8th.
I can’t see 8th in the news release though.
This was the post that said 8th.
I can’t see 8th in the news release though.
A mod in the trollbox said that MAID and Factom will be removed on the 8th, also haven’t seen an official statement though.
Fireworks next week?
time to put your bids in for the margin closing. I think the major positions have closed by now but there still could be a bunch of smaller ones that total alot. I am thinking there will be longs that profited nicely then got mostly closed but people kept a bit once it was zero liquidation risk… that is until now. Its gonna be those forgotten longs/shorts that determine what happens tomorrow. Even though I doubt it’s a huge amount I am fairly confident there are more then zero of them.
a couple last min dumps there This might be really interesting. I was thinking at first it would just be longs/shorts ppl basically forgot about and hence not very big ones. Maybe there are some sizeable positions people procrastinated exiting right til the very end.
So better that everyone takes their sell orders out of the books
Here is to hoping they will stop messing with the MAID market now, after these trades have been cleared out.
looks like they still haven’t closed it yet. I can still go to the margin trading and lending pages for MAID at least. Still anxiously awaiting the potential fireworks there. Even more so I am looking forward to what happens after. I think we have been under alot of pressure of longs trying to liquidate for the last month. Starting some time today that should all be over. I would expect a steady increase in the average price as we head towards a new equilibrium without that extra selling pressure.
update they just posted: Removing Margin Trading for BTS, CLAM, FCT, and MAID:
Beginning on August 22nd, we will start liquidating open margin positions in the BTS/BTC, CLAM/BTC, FCT/BTC and MAID/BTC market. Additionally, we will start to reduce the value of BTS, CLAM, FCT and MAID, when used as collateral in margin trading.
So no fireworks today? Need to wait till August 22?
It could even be that the short positions are so substantial, that with Maidsafe its sell book being so thin, Poloniex will burn itself when forcing the shorts to close the position, because the long position backing the Maid short position is not enough to cover.
Big question is: why did they kick the can down the road till August 22nd?
well the info we had on it being today was a supposed email from some 3rd party. Might have been a scam to get people to panic close. Anyways this is right there on their site so yes @jlpell we will have to wait a while to see IF there are fireworks. Waiting longer gives more time for people to close up those positions though and I think their goal is no fireworks lol.
The closer we get to fleming, what is exactly the case, the less people will be willing to sell, making the sell book even thinner, making the future fireworks even bigger
My gutt and logics tell me there is something huge brewing on the short side. For sure if it would be a balanced position between shorts and longs, Poloniex would just match them and not expand the deadline from 8 july to 22 august.
So better to clean out your sell orders and wait for this train to start moving!
Meh.
You guys are paranoid.
In the first place can anyone show me short/long breakdown on polo.
How do you know for sure there was a net short and not a net long ?
You can’t, but if there would not be an issue, then why would there be a call from Poloniex to stop the lending on those 5 specific coins? And why if it would be so easy to close them, the deadline was pushed from 8 july upto 22 August? I don’t think that is paranoid thinking, max wishful thinking.
I do think there is logic to it
Whoa - someone just blew through that 100 BTC wall on Poloniex…
It feels like someone is shaking the tree. These big out of the blue sells is moving the price in a big way. I suspect it is putting pressure on any remaining longs to sell, which further suppress the price.
Let’s see if a mysterious 100 BTC buyer loads up on MAID again within the next day or so, from a sub-1600 price point.
A very obvious at play here