/biz/ - Business & Finance

>>13996092
proof or gtfo

it is time

>>13996128
one is for USD and the other is EURO,
max'ed out margin with 5x leverage
target is futures gap down near 7175~

>>13996092
RIP bobo you gonna get rekt

>>13996135
BTC going to 100k by mid 2020. Rip

>>13996150
I unironically think you're going to hit this, good luck OP.

>>13996210
open a long then nigger

>>13996220
ty fren

>>13996237
Care to give us an update when the time comes?

>>13996150
So you mean that only 1/5th of that BTC is what you paid for, the rest is bought on loans, and you think you'll be able to beat the house and sell at $7175 before it liquidates your order when the price of BTC charges back up to $9k in 2 days?

>>13996290
you think this shit is going to fly to 9k in 2 days while there are 200 million in longs at the moment on bitmex alone?
The bitmex whale has been pushing his 30 mill buy wall to get people to buy into his short positions today just the same as yesterday. what happened then? we got 10% barted down

>>13996092
2 ez

>>13996350
bitmex is always 50/50 shorts and longs brainlet

>>13996092
You may be a bear, but you have the balls of a bull amigo.

>>13996275
sure thing

>>13996290
yes, and spread (profit into my pocket) would be around 16k~ should BTC go down

>>13996367
>:)

>>13996395
i am bullish overall my medium term goal is to obtain at least 10 BTC before we lift off into 5/6 . anything over that ill be using for day/swing/scalp trading.

>>13996371
put your money where your mouth is then. Long it now. I have a short opened at 7949. You're delusional to think it's just going to bounce right back up to 9k again

>>13996092
prepare to be liquidated.

>>13996092
>>13996492
You’re going to be liquidated at approx. 11:41am cst. Just a frendly warning ;^)

>>13996585
>>13996629
DONT

>>13996092
Where's your liq chief?

>>13996585
>>13996629
what are your reasonings for believing that it's going to break 9k at the 3. attempt after getting brutally raped by the resistence at 8,8k-9k? some guy sold 11k bitcoins yesterday, and the same 30 mill buy order wall is getting flexed to get people to buy into short positions. The rug will be pulled again

>>13996092
Keep us updated. Looking good so far.

>>13996585
>>13996629
I'm screencapping this for our our way to 7500

8k denied lmao, let's fucking go

>>13996092
I think you're gonna hit it OP good luck

>>13996092
You're about to get fucking rekt we're going to see at least 8150 possibly 8250 in the next couple of hours

>>13998083
hodlers always win

>>13998083
This. Sorry bobo

>>13998083
you got that wrong, my friend. we'll see 7750. running out of juice now, and 8k got slammed right back down

>>13998083
>>13998118
Same anon here, lowest price you'll see in the next few hours is 7920 if you're fucking lucky. Shorts about to get ringed fucking dry before price continues all the way down to 7k.

>>13998118
I feel bad that you're going to sit there and have that horrible feeling in your gut of being on the wrong side of a trade. Stay safe fren and consider closing your position early to minimise losses. Peace

>>13996092

Nice LARP
Nobody is retarded enough to short such a lifechanging amount of BTC.

>>13998428
>what is leverage

Is anyone going to tell him?

>>13998562
Yeah already on it

here
>>13998083

By the way, a protip for anons. If you see the orderbook filling all levels like pic related and then clearing them the next second, fucking panic if it's filling the opposite side to your position.

>>13998677
I appreciate the tip but I'm too much of a brainlet to understand what I'm looking at.

Where can I read about shorts and longs. I don't understand these concepts.

>>13998677

>>13998677
they're flexing huge orders on both sides, wuz happening

>>13998752
They're securing themselves some nice long prices lower watch

wtf is going on on bitmex

>>13998806

The following >>13998803

>>13998803
but they're pushing it up with gigantic orders as well? why not push it more down with the gigantic sell order then? you sure they're not filling their shorts here? these huge buy orders are forcing people to market buy their shorts

>>13996222

>being a nigger gambler

I actually own my assets, I'm not a nigger. It doesn't matter how many times you win or how big. You're going to lose it all anyway. Because you're a nigger gambler.

>>13998843
>support the level with massive buy orders
>apply downward pressure with hidden sell orders to kick start shorts
>let go of the level so that the dip causes more panic
>long from the absolute bottom (wick) of the dip
>massive liquidity above from retards shorts just now and previously

>>13998891
Stay salty fucking brainlet

Not sure if i should close my long and open a short or not.

Fuck this rigged ass market

>>13998977
Wait and short from higher

>>13998927
yeah i see. got a long in at 7880 with 1/4 of my stack. let's see if they propel it upwards a bit before they crank it down again

imagine shorting after a giant dump

>>13999013
You are living proof that they're going to pump it, pleas close now and thank me later. No you're not going to get a lower price now after that spike down.

really wanna get in at <7300, which I think will happen tonight
if somehow we start pumping, I won't buy until we consolidate at 8200-8300

buying right now it's just gambling

>>13998927
I understand all that, but how can one exchange have so much power? There are plenty of other legit exchanges worldwide. Unlesss the entire crypto industry has a lot less liquidity than it seems, bitmex shouldn’t have such outsized influence.

Ppl shorting, who’s btc are u trading with? Are u simply shorting your btc with other alts?

>>13999029
why would i close it now if they're going to pump it?

>>13999045
Ah I read it as short, kek, you're gucci then. Don't get fucking greedy though close out at 8200 max.

>>13999043
i use bitmex. Lots of margin exchanges out there. Most reputable ones are bitmex and kraken i guess.
>>13999064
yeah i already have my sells ready. if it's a quick wick on bitmex you're not getting shit through at all. been there done that

>>13999064
you really think we are pumping that high before another big dump tonight? seems unlikely considering 8000 got rejected that hard

>>13999096
I don't think that a pump is coming, I KNOW that a pump is coming. You don't have to believe me right now anyway, I've got my figures in this thread and the chart will tell your the rest. Also note that I care little which direction it goes in right now, I fully expect a retrace to at least 7.2k and have had a short open from 8764.

>>13999096
a lot more opened shorts below 8k now, forcing them to close them if they push hard towards 8k. I do see a push to close out the shorts happening before it goes further down. Might just be a quick wick to 8,2k ish then straight free fall down again.
They wiped out over 100 mill in longs yesterday, the shorters aren't going to get a free ride down towards 7k

>>13999151
>>13999184
interesting, you guys seem to know what you are talking about, so this is gonna be fun

>>13999286
well, they're experts at fucking the majority of people. the rejection at 8k would have most people open shorts and think it would dip further, the push down to 7880 confirmed their thought process and made them up their shorts even more. And then they switch it around to fuck the most amount of people over. Longers started to doubt and went short, shorters got confirmation and upped their shorts. Now they will push it above 8k to royally fuck both sides that made their trades around those events, then rape the new longers that long above 8k.
That's what i would do if i was a margin exchange

>>13999418
Pretty much this

>>13996150
>target is futures gap down near 7175~
way too ambitious, but good luck

>>13999489
>>13999418
I've got about $18,000 in cash ready to go
do not intend to do any margin trading with it
I have a feeling we will go lower in the short term, when should I enter in with my fiat?
Already have 1btc that I bought at $6,000 and have about 10 ETH
want to increase my holdings
Should I just DCA over the next couple of weeks or wait for a dip and scoop up some more?

I don't think we're done dipping but I don't realistically see it dropping back to $3,000

>>13998677
>>13998843
>unironically using orderflow on bitmex
Yeah don’t do that looooool. In fact my trading became better when I covered up the left half of my browser window with another window so I couldn’t see the orderbook changing. Orderflow means jack shit with the amount of algos that switch up the entire book’s balance every 10 seconds.

>>13999029
>>13999151
>le (((THEY))) know something I don’t!!!!!1!!!1! meme
The MM’s aren’t some all-powerful force tinfoil hat retard. Your assurance that you KNOW something will happen doesn’t make me believe any more in the probability of price moving either way, rather it only lends further confirmation that you don’t know wtf you’re talking about.

Gonna be holding onto my 1 coin thank you very much. I know what I got

>>14000016
i never understood what that pink thumb looking thing is

>>13999975
it's a great indicator that a big movement is going to happen. They don't casually just flex with 30 mill walls on bitmex.
I agree that basing your trades off of what you see in the orderbook is retarded, but huge orders like the ones earlier today and yesterday have appeared before a big movement

>>14000074
Camera man blocking the license plate

>>14000142
what's wrong with his finger and why is it pink

just dont tell him lmao at least someone get liqui

Niggermex is such a scam

>>13996092
OP here... dump has started ;3

>>14000226
Smells very summer in here

>>14000396
op made btc go to 7660

>>14000396
Well done mate. I've been short since 8600 waiting for this dump. Think we could go to 6k over the next week but will close most at 7.2

>>13998083
>>13998092
>>13998095
uh oh.. just made another 2 grand in literally 2 minutes hehe

>>13998934

Stay poor nigger, thanks for the free money

>>14000422
Thats pretty good.

Meanwhile i'm still stuck with my 10k stack. How do i turn it to 100k?

>>14000420
thanks my man. agreed, i think 7.2 is going to be a meme bounce.. and then the real blood bath should begin some days after that.

>>13999036

Leverage-niggers don't actually own anything. It's like they bet the exchange 1:100 that the price of rice is going up 10 cents next week. The exchange doesn't own that rice either. They all just have debt to each other. Same in the precious metals market. Fake markets set the price, until they inevitably collapse.

Ok so I'm still long and I'm down a lot do i cut losses or what?

>>14000420
We're probably going to hit between 7100 and 7250 and go up from there.

>>13999881

At the very deepest? Possibly 6500, more likely 7300. Anywhere between those seems good to me. I mainly bought LTC at around 45 though, swing trading is dangerous so close to a megaspike. There's no guarantee it'll come down very far after the media starts their circus.

Congratulations OP

>>13996290
>when the price of BTC charges back up to $9k in 2 days?

>>14000510
ty, will keep my eye on it and get the cash lined up and ready

lads, will it dump to 7300 today/tomorrow? really wanna buy right now

>>14000074
looks like a skateboard

>>14000526

>>14000569
Also wondering

Bobo's been calling the top since 4000, broken clock something something

>already going up
please tell me it is just a bear trap

>>14000074
it probably is a thumb- a pink guy holding up a picture of a boomer's dreamworld

300 btc sell order on binance, going to be tough to eat through that

Everybody says we're gonna dump to 7200-7300, so we probably won't

>>14000399
i was here for the beginning of the 30yo boomer meme, and even i missed the meaning of the finger thing. is there any backstory? pictures of boomers with their cars on /o/ who have fucked up hands and improperly-adjusted white balances on their cameras trying to block out their license plates?

>>14001291
Don’t think too hard. It’s a pink wojak

>>14000074
skateboard

>>14001406
this is me right now

who else long here? deciding if u should cut losses or not

>>14001559
hard to tell, at this moment it's just gambling when trying to predict what happens, if you are still with profits then maybe you could sell and buy lower, if not, then just hold... you should be fine in the long run anyways

I got my buy order at 7350 for BTC and will also try to catch some XRP

>tfw 9k soon
OMP OMP

>>14001559
tried my luck earlier, longed 7785, got stopped out at 7675. maybe my stoploss was too tight i dunno

>>14001635
im like dangerously close to liquidating tho

SELL, YOU FOOLS.

>>14001969
Ready and tether'd.

Let's buy the dip.

>>14000142
This, boomers do that in craigslist ads for some reason

>>13996150
That futures gap already filled you fucking pleb

>>13996222
Checked.

>>13996492
>put your money where your mouth is then
gambling is dumb, faggot
this market is the haven of manipulation
people who short and long are going to get rekt 100%
maybe not now, but eventually . house always wins and in this case the fucking exchange