/biz/ - Business & Finance

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'

>>58442200
the latter, here's a screenshot from my bybit vip hub
going to bed, setting auto-margin on and sleeping like a rock
gn anons

>>58439372
bybit owes me about $500, so salty about it, account was lvl1 verified, now locked. dumb fucks, never go cex, ever.

Since this seems genuine thread, I'll ask here.
I'm new to crypto and trading in the first place. What I want to basically ask with my chart history image is that, if I buy at the end of white lines and sell at peak of purple lines, I make definite daytrading profits? Even with ByBit's or any platform's transaction fees taken into account?
This week I found about a site for 'strategy calculating' https://www.winrate.io/ but something it doesn't do is, do I have to manually always calculate in my actual stock/coin when the 2% increase has happened? Is there a formula or site to calculate 2% increase on the spot basically from buying moment?
Holding a stock/coin is one way to make profit but isn't it this stable constant trading no matter how small profit, the way to accumulate initial wealth which I desperately need.

>>58425546
I'm new and confused as to how do you trade on pinksale, what do I need to do in order to start doing it, since it clearly is a new thing and not supported by 'reputable' platform like binance or bybit.

>>58423123
Not listed on ByBit marketplace.

>>58420807
Why do people shill these coins but never instruct how exactly, I'm a beginner, opened ByBit account and none of these utterly obscure coins are there, meaning you must use some less than respectable platforms to trade them on, and nobody ever talks what they use and how they've realized gains.
Some real interesting economics.

>>58417190
I can't even see this coin on ByBit platform, the one that allegedly has 'most' coins. How the fuck do you guys find and buy these coins?

>>58412574
I see there's another pinksale thread up as well, I'm completely new to trading, like literally today opening bybit account and all.
I don't get pinksale, I go to their site and it's 'more about' creating your own token?

>>58412082
apu will be on bybit soon, so bybit

Do you people use Binance or Bybit to trade crypto (in Europe) or something else entirely?

I want to start getting into cryptocurrencies and trading. I have mastered the basic knowledge, but I am faced with such a problem that I don’t know what to do next. I found myself in some kind of dead end. I cannot develop in anything without at least some kind of plan. However, I cannot make this plan because I do not understand this topic. What do you recommend doing? I chose bybit, is it a good choice or is something else better?