/biz/ - Business & Finance

>>58659504
Has their historically been a case where bybit listed a coin for perps, but not spot.
I'd like to go long on the platform, but if there's no spot trading incoming it would be extremely inconvenient

>>58659342
historically, bybit perp trading pair meant mega moon incoming. not sure it applies this cycle though desu. bybit has listed too much shit recently. whales can use perp trading pairs to take larger positions with less capital, then pump spot to print on their longs. bybit perp pair was responsible for the insane pumps on both shib and bonk

btw what does it mean that it's current price on bybit perpetual is 0.5$? Does it mean that 1 apu is 0.5$ on ByBit?!

So, they just got the tier 1 listing for perps. What's next? Will they actually list this shitcoin for spot? I cant believe they even managed to get Bybit at all, theyre one of the top exchanges. What a fucking joke. Fuck this coin, fuck its holders, fuck the team, and fuck Gian.

It appears that sistermary.eth has been selling off the Apu that was bought a couple days ago btw. Wonder if he was an insider who knew Bybit perp was coming and was trying to buy in before any pump. If so, kind of hilarious he got rekt by a whale dumping lmao.

Did we just get listed on bybit for perp trading??? Holy shit

>>58654829
pretty much what i said here >>58654814
cant use binance since they wont accept my KYC but bybit does

this is a blofin pajeet thread. just use binance or bybit perps.

>>58654702
doesn't every exchange with perps list dogshit like that though
tried blofin, it seems okay and i'm happy they don't need KYC but the spread/liquidity on lots of things is not great like my current exchange so i don't use a lot of money on there

i think with the capital i want to start using compared to now, i might need to use a big exchange like bybit
>>58654720
yeah it's pretty shitty how much info they want to trade on exchanges now

fuck bybit and their scam listings and scam profiting. ($BEER I'm looking at you!)

blofin is aight

where do you bros trade perps? i see a lot of people using bybit now
wondering where the best place is, currently trading on some sketchy ass exchange. the fees are good and i've been able to withdraw so far but i'm not confident in keeping my trading money there

Why am I unable to send my tokens to bybit or gate? The price is rising because I can't sell my airdrops. What the fuck?

>>58617589
kek you're welcome king
Fuck these shit eaters all of them BY THE WAY TODAY!!! I INCREASED MY LEVERAGE BY 100% YES BY HUNDRED PERCENT GUYS!!!! *shares smartphone screen* CLICK THE LINK ON BYBIT TO ALSO LOSE YOUR MONEY

>>58546592
Mexc listing imminent. Next will be bybit. Screencap this.

>>58533332
What? What shitty exchange do you use? Just buy on ByBit, instantenous trading.

>>58532335
Also EUfag, I trade on bybit. Have been doing so ever since binance took away margin trading.

>>58502337
What is the main reason major exchanges like Binance/ByBit don't list these coins, even now? Is it because they're brand new and kind of shady so there's no trust in letting people buy them or something else?

>>58495772
Apu unfortunately isn't on ByBit or on Binance or any other major exchange.
Which makes me curious just how many people are actually on the smaller exchanges somehow.

>>58495778
I see.. well that sucks, wasn't aware of this sort of thing.

I ran 10 validators and just dumped my 500k FTM on bybit. Two proposals to increase the max supply, on top of the 9-figure FTM sell pressure, because guess what? You need real $$$ to pay for business development and infrastructure.

You can't even sell 500k FTM on-chain into a stablecoin without facing 20% slippage. Go fuck yourself AC and your moron foundation. I am done. Everything feels so fucking shady, and now this shit.

>>58448725
This isn't even correct. Are there only retards on here.
If by long you mean a futures long on bybit then you take 100$ worth of USDT and use that as an asset backed loan to get 100$ x leverage of a futures contract denominated in $ that tracks the price of bitcoin.
You aren't "borrowing" bitcoin at any point in time.
If you were to get a "crypto loan", either with leverage or not (then usually called margin trading", then you get like 0.006 btc by locking up 100$ worth of usdt.
The only real reason you would do this is to sell it and thus creating a sort of "short" position because you owe back 0.006 btc that you then got back the USDT value at sale point for.

If you are margin long bitcoin, you are borrowing USDT.

With USDT margined futures you are never borrowing or loaning out bitcoin. You are simply getting a contract sized by the amount of collateral you provide that tracks the price of the asset you want to trade.

>>58447893
In simple terms

Long means you borrow btc from Bybit at price you specify. When you decide to close your order, it will sell btc you bought. Any difference you make you take home, less maintenance fee and less transaction fee.

Sell order you borrow btc from Bybit and immediately sell it. When you close position you take the difference, less maintenance fee and transaction fees.

If you long(buy) 64k close(sell) 65k you make profit. If you long(buy) 64k close(sell) 63k you take a loss. If you short(sell) 64k close(buy) 63k you earn profit. Short(sell) 64k close(buy) 65k you take a loss.

At 3x margin, your $1000 would buy $3000 worth of btc, but you only own $1000 of it (actually a bit less). If you take loss even before closing your trade and that loss is bigger than $1000, your whole investment loses. Higher margin means price movement of btc multiplies your income or loss. It allows traders with less capital move more than what they have. You essentially take a loan from predatory cryptojew. Cryptojew will own you unless you are exceedingly good or if you have institutional backing with access to better analysis than you could ever get.

Maintenance fees are specified above the chart when you look at desktop version or you can check menus to find it on a phone. They are small, but counted every few hours. They are counted from 3k you buy with margin, not your 1k. Same with buy and sell fees.

The only reason someone like you should use futures to long btc is if you get lucky enough to see at exact milisecond when Elon posts than he is buying 200 billion of btc with spare tesla funds and you will already be too late anyway because bots and market makers will best you to it.

Just to reiterate, individual traders very rarely even remain without losses, let alone make profit. Either treat this as roulette table where house has 99% edge on you or practice on demo account for 3 years before putting real money in

>>58447991
>>58448037
>>58448051
Thanks for the informative posts anon. Well daytrading is exactly what I'm looking into since I got nothing else going on. But clearly it is hard and even more gambling involved with leverages.
I wish there were more definite examples though costs wise whether the longing has made profit. Let's say;

I buy coin 'X' for 1000 dollars with x3 leverage when its value is 15000, I'm ByBit user so all the interest and maintenance fees calculated in, if X's value raises to 15150 within 40 minutes which is 1% increase, I short all of it, on paper it was $32 profit without me currently knowing how much interest and fees are. I wonder what it really would be, 25 bux profit in the end?

I obviously won't get rich with 1-2k investments in BTC in my lifetime even when it hits 100k, just 500-1000 usd profit on top of what I have.. even normal stocks can have similar profit increases for by the end of the year calculations.. Gotta start daytrading and learn how to make small wins with each peak and dip.

Could someone explain to me how Margin/Leverages trading actually works?
I read the FAQ of ByBit's page but it's very over the head stuff numbers and percentages without proper examples given to a basic newbie.

Say I have $1000 and decide to buy BTC with x3 leverage, how bad are the maintenance fees? Do I have to have money on account balance where it's taken or is the money taken directly from long position investment holding?
And basically that buying with leverages in mind is race against the clock hoping for good growth before shorting, do I understand that right?

There was some beginner's thread to crypto week ago or so which makes me realize how little there is to help truly new people into trading, which seems counterintuitive from what people want aka growth.

>>58445395
>chasing shitcoins on solana
What does this mean? There's no Solana exchange, only Binance/ByBit/etc. you're using to trade shit that uses Solana network. Use proper definitions, 'I chased shitcoins on Binance of Solana type/network'