/biz/ - Business & Finance

Prepare for dumpolio

>>14479636
Because Bitfinex is a totally reliable and honest data source

>>14479636
>what is manipulation?

>>14479636

womp womp

>>14479666
but how can they close the shorts? were the shorts whale manipulation? i thought it was organic shorts stacking up since bitcoin was kinda taking a dive

>>14479666
Satan trips are right
lot more money into killing bulls now

>>14479636
Are you gonna sue them?

He-hey heyyyy... :D

>>14479702
those were probably underwater shorts who just came even or close so peoples closed them
lot's of peoples shorted the 11-10k range

Etf approved. This week.

>>14479720
no, just asking because i had never seen a move like that ever before. they all closed at the exact same time

>>14479789
Brb going all in. If it tanks, I’m asking the jannies to find out who you are.

>>14479789
>dump confirmed

see y'all back at $4k

>>14479702
last time shorts closed en masse was just before a big drop

>>14479831
It was probably one whale with a shitload of short contracts.

>>14479861
>being this fucking dumb

>>14479666
>shorts closing
>bearish
Absolute fucking state of this board

>>14479666
Why would the shorts close though? That’s makes no fucking sense. If it was whales who knew something it would be the longs getting closed

>not manipulated

we bull now!

>>14479850
But how does this make sense. Why would whales close shorts before a drop? They don’t want to make money


Everyone gtfih and let’s answer this

>>14479894
The exchange glitched the shorts closed to dump, so they dont have to pay out afterwards.

>>14479907
100% certified organic

brought to you by Tether prints Inc.

>>14479850

This makes literally no sense.

>>14479850
why would anyone close their short positions before a drop?

miners hedging until they sell their coins otc

>>14479882
Yeah gonna go ahead and own that.

I didn't even think before opening my fucking mouth.

Disregard me, I suck cocks.

>>14479931
That makes sense. So it’s not whales closing it’s the exchange claiming being hacked and then not having to pay out shorts

>>14479945
They wouldn’t, ignore these retards who don’t even understand what shorting is.

>>14479927
because market maker make money by liquidating peoples
if ther's more long they dump it if ther's more short they pump it

it's not hard to understand

>>14479969
(((glitch)))

and exactly on the last day of the month when most shorts mature

absolute (((coincidence))) i am sure

>>14479945
>>14479943
>>14479927
im not explaining why it happened, only stating that it did. look at the charts yourself

>>14479885
sounds weird I know

Here we go, sub 10k soon

>>14479984

>/! \ retard alert /! \

>>14480009
Look at the price. After all, what are you gonna do? File a complaint with consumer court? Call the cops? Fucking lol they just forced the shorts to close.

>>14480022
Maybe it’s whales trying to fake the market out? Maybe it’s whales consolidating their money to open another massive naked short? Maybe they know something and etf approved this week?

Can you give the exact date you’re talking about and post a chart?

>>14479931
Not to sound like a complete retard, but does the exchanges actually have "skin in the game"? Can they loose money?
I always thought of them as a provider that earned money through fees - rather than investing/speculations.

>>14479937
>100% certified organic
>brought to you by Tether prints Inc.
*tink*

>>14480058
go back to plebbit faggot

>>14480102
what is leverage

BULL NYE THE SCIENCE GUY!

BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL! BULL!

>>14480062
>what are you gonna do?

Not give a fuck? Watch the whole fucking world burn to cinders and eat popcorn while I watch? All the while laugh at idiots who think they can outsmart the "market" and have their piggy bank savings eaten up by the big boys again and again?

>>14480066
its not rocket science, just look at the goddamn chart

>>14480106
Oim Satoshi

What the actual fuck

>>14480102
>Not to sound like a complete retard
Then why ask dumb questions newfag

>>14480102
The exchange is known to take the opposite side in a short or long, while knowing your exact liq point and controlling enough coins to move the price. It’s like playing poker with a dealer who can see your cards at any time.

>>14480102
They can lose with leverage, and if they dont manipulate the price they can go fucking bankrupt from that shit

>>14479945
>>14479885
if its bitfinex doing the dumping the yes, shorts closing is definitely bearish, as it is being shown right now. opened a short right after making this thread btw

its bitfinex ffs. May as well just send them a check, cut out the tiresome charade you ever going to see anything from 'trading' there

>>14480066
>Maybe they know something and etf approved this week?

>>14480184
This is why I use deribit, they aren’t big enough to control the market.

Playing on finex and bitmex is Russian roulette

>>14479894
Just compare btcshorts*btclongs and btcusd.

Make your own predictions.

(Bitfinex giving the market a bull signal, and probably followed by a bull move in the short term, giving a short entry to smart money)

Im long and i will short around 13000ish to 7k.

>>14480227
I’m short asshat. Im prob the biggest bobo here. I’m trying to figure out if I’m gonna get rekt

>>14480143
>Oim Satoshi
>yeah...I invented bitcorn
>nothing personal zoomer

>>14480242
But bitfinex is big enought to move the market, wich means its irrelevant where you trade as long as they let you get in/out of a trade.

I use derebit too, but you should take into account all the big players if you wanna last in this game

>>14479885
shorts at the same level as dec 2017. this is extremely bearish

>>14480259
>he knows

Tulip trust moved some coins

>>14480268
>Liq price 24k

You whale desu, youre in shape as long as this high (14k) is not taken out, if so sell asap

>>14480268
i think youre good

>>14480268
Looks like you will make it with this single trade. congrats

>>14480360
Best case scenario I make 75k. That’s not enough to make it unless you live in fucking Cambodia. I’m just hoping to rotate a bit into link but I have a feeling link will pump at the same time

>>14480332

>>14480418
Quick pump to 15k to kill all shorts, thrn we go to triple digits. Damn

>>14480609
There is a technical reason to not going over 14k again.

Bears are looking like weak shells of their former selves. Can't even get a single scary dump going. Did they all get AIDS at the same time?

>>14480609
My stop is above that. I don’t think whales will pump us 16k. Look at bigdogg tweet

>>14480841
Imagine defining yourself as a bear or as bull kek

>>14479885
Shorts are fuel to take us higher. No shorts = no fuel. This is like markets 101, try to keep up.

>>14480841
getting destroyed for 4 month straight might have something to do with that

>>14480609
Which shorts? Long/Short ratio now favors bears and perps funding as of now is neutral/leans towards bears. I just wish all the retards that called this upmove a major short squeeze will be logical enough to recognize that we might be heading towards a long squeeze with those ratios.

ez answer: to avoid liquidation because the price is going to go back up

>>14481034
everybody wins am I right

>>14480894
>t. coping bear

>>14480841
My head is bloody but unbowed fagfot. I will remain a bobo until this shit hits 3 digits

>>14480972

It would be logical to see a move like this is extremely unusual. Perhaps unprecedented. It means we are going up BIGLY and someone big knows it.

>>14481034
Finally someone with a fucking gram of brain has spoken

>>14479666
Every other drop launched pumps though

>>14481212
This, we bull now. ETF will be approved tomorrow

>>14481236
>>14480138

>>14481102
Whos doing what?

>>14481212
so youre telling me that that whole volume of shorts was one guy alone? or was it the collective consciousness of all traders that made them all at once close the shorts in less than 1 second difference?
that doesnt happen like that. shorts get closed by margin calls because they get blown the fuck out. just look at the history of btc longs/shorts vs btcusd

>>14481393
Dude is as simple as looking at the volume the moment the short closed.

Its freaking fake but you guys are really this deluded to even use your brain.

>>14481370
Nice try bobo. You can't infiltrate the bull army that easily.

>>14481436
As i said here
>>14480259

Im long from this local low, you guys have no idea about trading, i can give you some free tips, pig.

>>14481542
Ashamed of your liquidation price, little lady?

>>14481433
you absolute brainlets

those shorts were claimed. Not bought by market

>>14481542
Playing with fire

>>14480858
he didn't tweet anything since april 1st

>>14481708
he meant this one

brainlet here
shorts closed in instant does it mean bull or bear?

>>14482112
>>14481708

He's full of shit.

>>14479636

You should put absolutely no stock in this chart. Bitfinex allows certain players to settle their shorts outside the exchange, so the number of open shorts/longs isn't even a reliable indicator. In short it doesn't mean jack shit because Finex is shady as fuck and nothing can be relied upon.

>>14482204
Probably. He’s a mouthpiece for whales to fuck with the market

Everyone place your bets at the casino. Something big is about to happen

>>14482229
They dont want to listen, let them lose money

>>14479907
no one ever claimed otherwise :)

>>14479636
Somebody cashed out 200+ million in shorts

It's time to go long