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/biz/ - Business & Finance


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12803638 No.12803638 [Reply] [Original]

I just got liquidated on my entire Bitcoin stack (12 BTC). I shorted at 3430 because all the TA indicators showed further downside.

I am financially ruined.

>> No.12803644

>>12803638
no one cares faggot now fuck off

>> No.12803648

TAfags btfo.

>> No.12803651
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12803651

>>12803644
I care. I think it’s funny as hell, but that’s a form of caring.

>> No.12803657

>>12803638
Good thing it was only fake money
You just successfully cashed out congrats. Shits rare

>> No.12803658

>>12803638
You deserve it for not knowing what risk management is.

>> No.12803661

>>12803638
who's fault is that?

>> No.12803670
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12803670

>>12803657
OP is now free. Free to get a real job. Did I mention that I find this funny as hell?

>> No.12803671

>>12803638
higher lows. tone vays is a cuck who'll never time the bottom. :D

>> No.12803678

>>12803638
>shorting the bottom
>shorting something that's already 85% down

>> No.12803697

>>12803638
TA is a bit of a meme - nothing prevents a sudden bart from a whale or whatever. Make sure you have a good method of gauging other factors (sentiment, depth etc), and learn about risk management. A stop loss system that can really make a difference. Money management is more important than always guessing correctly tbqh. But F your stack anyway.
>>12803644
Literally a board on finance, fuck off if you don't want to discuss it, including when somebody dun goofed and made a mistake others can learn from.

>> No.12803774

>>12803697
>mistake others can learn from
>stubbornly shorting against a confirmed uptrend
i have no sympathy or patience for dumb greedy jackasses

>> No.12803828

>>12803638
Ha
Sounds like you need to watch some more Philakone videos

>> No.12803843

>>12803638
Congratulations. It cost you only 12 BTC to learn that TA is about doing high probability trades, not certain trades. Now if you just pair that TA you have to some solid risk management, you are golden. Good luck Bobo.

>> No.12803847

>>12803638
>>12803774

everyone is greedy, otherwise you wouldn't be investing or on /biz/. but fuck you for shorting this societal and financial world-changing technology. and a big fuck you to anyone who sells their bitcoin on the market. we are down 80% from ATH thanks to you. i hope you all get financially ruined. only the true hodlers will experience the financial prosperity of the golden bull run.

>> No.12803858

>>12803638
>further downside
What the fuck? What retard dumpsterbrain TA are you doing, thinking we'd drop any significant amount when we've kept bouncing off the 200-week average?

>> No.12803866

>>12803847
cope

>> No.12803868
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12803868

>>12803638
LOL get fucked fag fuck you

>> No.12803876
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12803876

>>12803638
let me guess.... BitMEX?

>> No.12803915

>>12803847
>shorting this societal and financial world-changing technology

Sorry but bitcoin is primarily known as a get-rich-quick scheme.

>> No.12803940

Based bitcoin. Whoever shorts this deserves to burn. Go short some shitty currency or shitty company

>> No.12803957
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12803957

>>12803638
Buy CoinMetro faggot. No need to thank me later.

>> No.12803981

>>12803644
>>12803648
>>12803651
>>12803671
>>12803678
>>12803697
>>12803774
>>12803828
>>12803843
>>12803847
>>12803858
>>12803868
>>12803940
see all you retards at 2400 by mid year and 1300 by eoy

>> No.12803985

>>12803638
KYS Bear faggot. Do it on video and make it messy.

>> No.12804035
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12804035

>>12803638

>> No.12804345

>TA
>real
thats what you get

>> No.12804376

30-40k isn't financial ruin. It is a very serious setback, but it can be built back up from. Just don't make the same mistakes.

>> No.12804457

>>12803651

Are the apples supposed to represent your assets frozen in tether?

>> No.12804517
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12804517

>>12803651

>> No.12804526

>>12803828
Or some hardcore parkour

>> No.12804545

he fell for the 1800 meme, choe is that you?

>> No.12804550

HEAD AND SHOULDERS ALREADY FORMED. WE DOWN FROM HERE.

>> No.12804566

>>12803638
There was an anon here who perfectly predicted this small rally using TA. I'm still kicking myself for not screen capping his thread. He said we would go up to maybe 4-5k, then dump back to 3.5k. After that, well be seeing some new post bullrun lows.

>> No.12804606
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12804606

>>12804457
Yes, you hit the nail right on the head.

>> No.12804614

>>12803638
larping bull

>> No.12804745
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12804745

>>12803638

>> No.12804753

TA toddlers

>> No.12804755
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12804755

>>12803638

>> No.12804896
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12804896

Aaand it will be under OP's entry price in one month.

>>12803638

You deserved to get rekt for trading the whole stack, over leveraged, no stop loss, and poor TA (any decent TA would tell you that a correction upward was due when we were ranging in 34xx and kept bouncing off 200wma)

>> No.12805175

>>12804606

I thought it was pretty clever

>> No.12805453

>>12803638
imaging betting money based on pseudoscientific divinations

>> No.12805463

>>12803638
free rope, giving away some free rope here.

>> No.12806308

>>12803638

bump...

>> No.12806318

>>12803638
I did the same and only lost 0.06 btc and that's only because I didn't cut my losses and end the trade when I had only lost 0.03 btc. If you don't manage your shit well you have only yourself to blame.

>> No.12806327

How retarded u have to be to go all in on shorting BTC at 85% downtrend.
U could have bought 6 666 666 of NIMIQ at 15 sats (was hovering around that level for two weeks already), and today its already 18-19 sats and u would have already 1.2 BTC. but lets say it will hit the levels of last network hashing ATH (3.5 GH, now its around 1.2 and increasing due to GPU mining) the price back then was 35 sats. x2. so u would have 2.33
U fuckin mong u deserve it.

>> No.12806353

>>12803981
Pure delusion

>> No.12806361
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12806361

>> No.12806584

>>12804566
even a broken clock is correct twice a day

>> No.12806643
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12806643

>>12803638
that's why i don't gamble. i only invest. you fucking retards think this is a endless money making machine. why to fuck even gamble with all the wealth u had. stupid.

you can lose everything as fast you made it.

picture is OP next few years. you have to start from the bottom or give up.

>> No.12806732

>>12803638
TA is a self-fulfilling meme and it's easily broken by just one whale. It isn't something you bet the farm on.

>> No.12806743

>>12803638
You've had an entire year to short and you short now WITH YOUR ENTIRE STACK?

>> No.12806754

>>12803638
Play stupid games, win stupid prizes. Sorry your loss, but that's what happen when you use way too much leverage. You're literally the equivalent of someone who bet 50k on roulette and lost.

>> No.12806764

>>12803638
>not having a stoploss
had it coming. Even if I lost 25% of my stack in late December due to the pumps and me being retarded and entering all the time, it's still far better than getting liquidated and lose all

>> No.12806852

what is a stoploss

>> No.12806962

>>12803658
This. I'm sorry but anyone who uses the market to gamble and inevitably lose their money, when you could easily put that effort toward TRADING instead of GAMBLING and actually make money, is either stupid or has a psychological problem.

>> No.12807190

>>12803981
This is what deluded bearfaggots actually believe lmao

>> No.12807258

You should have just staked bridgecoin, with 12 btc staked you'd earn about 0.05BTC every 2 weeks or 12% ROI a year. Shame you had to be a permabeartard and short the bottom instead. I'm 25th richest BCO staker feels good man: http://bco.cryptobridge.io

>> No.12807268

>>12803638
It's bear hunting season boys

>> No.12807279
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12807279

gentle reminder if you:

>ignored day trading
>ignored crypto
>ignored stock picking
>ignored dude weed stocks
>bought indexes

you would be at all time highs right now

>> No.12807428

>>12804566
>he Perfectly predicted we would go to 4k-5k.
>Haven't even broken 4k yet.
Bulltards like you who take rallies for granted are why we have to break 1k before this bear market ends.

>> No.12807620
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12807620

>> No.12807645

>>12807428
>he thinks we're gonna break below the 200 week moving average

Lol no, bottom already in

>> No.12807692

>>12803638
M O N E Y
A
N
A
G
E
M O N E Y
E
N
T

>> No.12807695

Bitcoin is shit and going to zero.

Ethereum will be #1 by 2020

>> No.12807786

>meme indicators
You know casino's love people who walk around with the roulette cards and use a "system" right?

>> No.12807825

>>12803638

Larping faggot.

>> No.12808065

>>12803638
this is why you use stops, Now get a job you have a year before it recovers and can put that 30k back in and make it. Go oil fields if you no education

>> No.12808088

> because all the TA indicators showed further downside
?!?
You're just bad at trading

>> No.12808203

>>12807695
If by Bitcoin you mean BTC and Ethereum you mean Bitcoin SV then yes, yes indeed.
Read the goldarn whitepaper you bizzy fidgets.

>> No.12808220
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12808220

Is there even any room left on stupid OP face for me to spit on ? Haha

>> No.12808242
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12808242

>>12803638
Thank you for your service!

>> No.12808443

>>12803638
LOOOOOOOOOOOOOOOOOOOOOOOOL

>> No.12808458

>>12803638
You deserved it. If you don't educate yourself before doing something you can go to hell, esp trading something tha could be worth 12 million some day just by holding. You are a huge fuck up.