Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
wow people have finally figured out it's retarded and completely against self interest to loan your coins out to people who want to dump down the price ? hot damn !
If you are confident that bitcoin has positive demand pressure in the long term, it is absolutely not against your interest to loan them the coins to push you higher when they close. Unfortunately you have to park them with someone else, which could very easily negate the interest income. We have too few shorts right now, not too many.
well ... yes ... if you don't trade ever and only care about price X years from now instead of X minutes / hours / days from now and have a long term expectation of higher prices ... then definitely I agree ... personally i'd never lend my btc out to others who would wish to use those coins to suppress the price on any time scale ... to me btc is far more valuable to personally trade the 1-5% daily chop than to get a 0.05% daily interest ... of course that requires correct trades vs zero thought or participation whatsoever ... not that that's a bad thing ... sure would be less stress ... the world needs long term holders too
