[notlikethis1994]

Yeah if you were paying attention to the short vs long interest for BTC on Bitfinex right before the hard fork, BTC shorts went up like crazy and everyone thought ppl were hyper bearish on BCH. It was actually because ppl were pulling this funny business to get free BCH from Bitfinex.

[tpallarino]

Hedging against a clearly inflated asset is "funny business"?

[zwily]

The funny business is that people were creating a position guaranteed to pay out free money, assuming bitfinex actually followed their own policy.

[tpallarino]

That's not true, I performed calculations beforehand to decide whether it was more profitable to hold BTC in the margin wallet as opposed to other assets (which I knew would rise after the fork). The core question is whether altcoins would rise more than the price ratio of BCH/BTC. Alts went up 20% while BCH/BTC is ~0.15, meaning you were better off skipping the BCH altogether and just holding alts. The tradeoff is the increased risk.