/biz/ - Business & Finance

Dont worry Bobro, this Market turned insane, will be crashing sonner or later.
There are not enough risk taking people to keep this price going.

>>13671232
prev high from 2 days ago blasted fuck me

I'll just buy back now

>>13671232
I tethered at $6k, who the fuck is buying at these prices; BTC was sub $4k 2 months ago

>>13671261
you dumb noob. fidelity is opening up in weeks.
the biggest bullrun in crypto history is about to be unleashed. years and years of the BS "institutional money is coming" meme is actually true for once.

>>13671261
>There are not enough risk taking people to keep this price going.

You never learn don't you bobo. Binance let just let withdraws, deposits, and trading open up, and bitcoin's price went UP. You lost pal. Join the bull gang, and stop being a bitch.

>>13671261
it will crash... in 18 months or so

>>13671292
based post, unironically

>>13671232
Suck a log of shit out of my asshole, Bobo. Chew and swallow.

>>13671288
>who the fuck is buying at these prices
Actually nobody.
If you look at the volume is decreasing day after day.
The most manipulated pump ever, stay strong fellow Bobos and don't fall for this shit.

>>13671298
Can't withdraw bitcoins brainlet.

We're in new territory for this rally.

Bobo stay away from your gun closet.

>>13671415

This. Stay safe bobos.

Fidelity just tweeted. They are pumping it to $15k

>>13671339
Huh?

>>13671232
>>13671266
>>13671288
>>13671339
>>13671392

>>13671232
THE GUN IS RIGHT ON YOUR DESK, HAVE FUN BEAR FAG

>>13671232
I am sorry bobo, but we've outgrown eachother

>>13671339
I'm long from 3485, and I agree with this.

>>13671575

>>13671232
No sympathy for you my sweet little bearniggers.

>>13671921
based

Thank fuck it's going back down.

>>13671921
Sweet mother of god!

HAHAHAH FUCK YOU BOBO

>>13671232

>>13671921
holy shit

>>13671921
how does it feel to make 700k on a trade?

>>13671958
>>13672025
>>13672174
>>13672207

honestly, it feels really good, although I got nervous as fuck back on february 24th. I'll be happy to cash out eventually.

>>13672334
should we sell or take profits anytime soon?

>>13671261
>this market turned insane

Truth is, it's always been insane. It's just that bear markets are longer and more drawn out and humans lack patience, whereas bull markets happen almost instantaneously and all the gains are made in a matter of days.

>>13672349
what exchange are you on? If you're on deribit like i am, you can enter a short on a different futures of equal or greater value, and it locks in your profits on the long contract, leave both open and wait to see where the market goes.

Ex. you long 1000 on june contract, you then short 1000 on perpetual or september contracts to lock in the profit, while keeping both positions open.

>>13671288
>2 months ago
bobo living in the past

I tethered around 7K and am waiting for the inevitable dip.

>>13672334
>eventually

At least lock some profits nignog.

>>13672377
>fuckery afoot, like always
>your order was unable to be filled

Comfy
>no volume
>bearish momentum
>unstoppable resistance at multiple points up to 8.5k
>retracement guaranteed to at least 4.8k

>>13672390
I'm delta neutral right now because I shorted at 8177 on perpetual contract. both my long and my short are open.

>>13672377
how does longing and shorting work? if you just spot bought btc at 3.5k or wherever you entered your long, you would only be up around 150% right now, right? but because you entered a long with margin(?) you're up 10000% wtf? can someone explain plz, how much margin did you use

>>13672377
>deribit
I'm going to assume futures are not available to burgers.

>>13671232
>normal-fag friend on Facebook just posted about BTC and it's rising price.

Time to GTFO. When normal-fags start talking about crypto it is an obvious sign FOMO is at a current high. I do believe BTCwill hit 20k, but this isn't the run for it. Cash out now, anons.

Thank God my crypto hating ex-wife divorced me 2 years ago. Hopefully she kills her atheist self when I'm driving a $80k car to pick up the kids with my 9/10 22yo homely Christian gf that I met at church.

>>13672427
They require VPN for sign up, but after that you don't have to use VPN anymore.

Just use it for sign up.

>>13671339
this is what i figured just by seeing how dead biz still is. a normal pump would've brought back lot more people

>>13672447
thanks

>>13672446
>9/10
>homely
Homely means ugly, jsyk

>>13671921
thats crazy but how much do you need in your account to cover the margin etc?

>>13672422
I use deribit which is cross margin (meaning it shares my equity across all futures options I enter into).

So, yes, you have to buy btc to play, so even if you are not in a position, you're still 1x long.

Say you have 1 btc, and you leverage 10x, you'll enter into a long of 10btc.

Bitcoin then moves $100, you end up making $1000 because you had a 10 BTC position.

You only "borrow" the BTC in order to capitalize on the gains from the underlying asset.

Earlier this year I turned $400 (.22 btc) into $2500 and then $12000. I closed that position at $12000, but if I kept it open it would be worth $87,000 today.

Bottom line, stop fucking with alts, 10x leverage trade BTC and wait for directional moves don't try to scalp.

>>13672516
any guesses as to why someone or someone group is pumping this obviously? bitfinex related?

>>13671921
nice how much btc did you put down

>>13672542

Probably BFX related
https://www.bloomberg.com/news/articles/2019-05-15/bitcoin-rally-is-masking-capital-flight-from-crypto-exchanges

Although, no one knows for sure. I'm sure alot of this is just taking advantage of a ripe market. The moving averages on bitcoin were turning bullish and were due for a move up anyways.

The lack of volume and external money just makes it easier to move price.

>>13672555
on this account I started with 8 btc, once I turn to profit > I take out my original investment.

>>13672591
yeah saw that article earlier today. i couldn't force myself to buy back in at 3.8k following that ridiculous green dildo bcz it just felt like such a trap. i don't regret sitting out bcz i would've sold at 5k or 6k easily. this is unsustainable and hard to hodl through.

>>13672334
So what do you do in your day to day life when you make a 30 years of wage in a few months time? Obviously trading. But is there something special you do when you're up that much? Anything out of the ordinary? Or tell me about the sweet mundanity of being completely free from the bondage of wagecucking.

>>13672334
I just want you to whisper some sweet stuff. I can only imagine the feeling when you wake up and there's no one to answer to but yourself.

>>13672648
The biggest clue to me that something was afoot was that day when CME had someone enter into a 500 million dollar long. With that said, I'd wait for a pull back before entering right now.

>>13672662
I'm retired from my profession, my pension is roughly $140k/year, I don't need crypto to survive, but I do it for fun/extra money. Otherwise, I just lurk here.

>>13672724
>$140k/year
jesus you are rich af

>>13672676
I've got a newborn and a 5 year old, they keep me busy at the moment.

Just be patient. There will be a 30% correction in the weekend.

>>13671261
>>13671232
>>13671266
Oh don't worry bobo, it WILL tank. In about a year after we've secured profits while you were busy getting cucked shorting the bottom

>>13672724
>>13672742
what was your profession? Any tips/advice/lessons for the young folks?

>>13672724
and here I am sitting with $1k in my CB account too afraid to even buy in, fml
maybe I really should just learn how to bitmex or whatever

Why even be a bear? It can only fall 100% but the upside is potentially unlimited, not to mention you have to have perfect timing when everybody else just accumulates and wait

I was waiting for it to drop to buy back in. My life's a fuckin joke and I've failed at everything. Suicide is the only way out of this clown life

>>13671942
kek

>>13672756
US mover here

Today i made more money than any of you cucks will ever make day trading cryptocurrency. Want to know something amazing though? I can hold it in my fucking hand, thats right i can count my dollars right in front of my face. I'm not playing around with pretend coins that don't have any impact on this world.

I started work at 5:00 AM today. I was able to move 3 boxes each giving me ~$3 per. I moved 3 pianos each giving me ~6$ each for 30 minutes of work. I find boxes that exist in every single customers house that i enter into. Even if its an old fucking boomer in their 70s who ruined our economy i dont care I love to move boxes.

You really need this box replaced!! It's looking really old and the bottom could fall out at any moment!!

Even though its completely fine i'll just bill them for a $9 box that was in perfect working condition.

The only way to get ahead in life is to fucking push your way around. So that's right today i made $12.59 US dollars. Meanwhile you fucking cucks are investing in digital garbage like "Bitcoins, Nanos, Linkies, and Ripples" Spamming your fucking cuck memes and losing money with your pink wojaks..

Why don't you use your brain for a minute and realise that the latest tether subpeonas and ETF denial are going to crash all of your crypto world around you in the next few months. Bitcoin is a Ponzi scheme that only profits for the original founders. You will never make as much money as me in the trades because you're too busy failing realizing the only way to get ahead in life is through hard work and ripping people off.

Enjoy staying poor idiots

>>13672756
lets just say i worked in the consulting business, and a much bigger firm bought my firm in order to secure our DOD contracts.

Tips?
Don't live beyond your means.
Save as much money as possible.
Don't get married until your 30s, and marry 5-7 years younger than you.
Buying cars is dumb.
Investment properties are overrated.
Have 1 credit card, and 1 charge card (preferable AMEX Platinum), nothing more.
Live in republican states.
And learn from your mistakes.

>>13671339
The volume is already higher than the 2017/18 bullrun and increasing.

>>13672964
thanks dad, unironically good advice.

My parents had a "decide on your own" way of parenting.

>>13672964
based

>>13672773
Pls, don't use Bitmex, use Deribit. It's a much more professional exchange, and doesn't have the "system overload"

You can use my affil link, will reduce my fees a little, otherwise just sign up on the site.

deribit com / reg-2658.378

>>13672997
Then we are about to see some serious fucking shit I guess

SIT DOWN AND SHUT UP!!

>>13673031
Mine did as well, and I think it will actually help you in the long run.

I'm absolutely justed waiting on the sidelines. Wtf is going on did the binance havk mean nothing?

>>13673149
If you know anything about CZ, know he is a marketing genius and nothing else.

Nothing happened following the hack, because CZ has been propping up the market. He doesn't want his exchange to be the catalyst for huge dumps. He effectively eliminated the PR nightmare he faced, by pumping the market.

Binance has been using BNB, USDC, and PAX recently to keep the market up.

Best time to short is probably right now. It's going to deep dive for the finale of the bear market.

The absolute state of bears right now

https://www.youtube.com/watch?v=TgOCATWRLug

>>13672750
no

>>13671292
>he thinks institutional investors are retarded and will buy an asset that rised almost +200% in the last 2 weeks
enjoy the ride to 1k bulltard

>>13671292
Been laughing at the bobos for months, but the notion of 'institutional money' prepping up the price is as a good joke for the longs as any. Big money no buy-buy on the way up-up.

Domp eet

>>13673707
>enjoy the ride to 1k bulltard
Papa Jenks, it's time we take you to the nursing home. They have cable, chaplain visits, a barber shop, and all the crayons you need to draw your pretty hyperwaves.

>tfw i dont care if BTC goes to 1k or 20k, i'll make it either way
though if i goes to 20k i will buy a GTR

>>13672964
Bump for the interesting advice.
What other tips you got? How to keep your head straight? What alts do you buy?

>>13671261
this aged well

>>13673721
they would if they knew it was going to go a whole lot higher than their buyin. theyre literally dca on the way up