/biz/ - Business & Finance

>>14509998
Today you're all gladly invited to join the most useful server around:


discord (dot) gg (slash) tebwEwv

>>14509998
delusional bulls are still trying to hold the line, but it will fall and they'll be stuck in long positions

>>14509998
lol sorry but btc is going to 20k this week

>>14510107
>stuck in long positions
Statement of the obvious. It's almost like a bull thinks the price will go up or something.

>>14509998
everyone is looking at between 8-9k so we are going to low 9ks max

>>14509998
Can one of you traders explain something to me?

I have $120k cash. Let's say I put it all into a trading account and put it all into Bitcoin at its current price ($10.3k).

Let's say the price keeps going down. At what point in the drop would I get liquidated?

>>14509998
Shooting star does not apply in uptrends, it's literally 50% chance it's going to go up and 50% change it's going to go down, meaningless.

>>14509998
>Being a TA fag
>Being a TA fag in crypto
Absolute fucking state. Just end it now.

>>14510647
Bitcoin won't go down.
You can only win.
To the moon.

>>14510647
lurk more faggot, are you fucking retarded to play around like that, fuck you and buy 4 coins and be done with it.

>>14510647
depends on the leverage you choose
liquidation is roughly at 100%/(leverage*percent in opposite direction)

so at 100x leverage you liquidate when it moves 1% in the wrong direction, at 25x when it moves 4% wrong etc.

>>14510647
put 100k into LINK , 10k in VIDT and 10k in FTM and check back next year retard

>>14510647
When your wife starts wondering where her savings went.

>>14510687
Candlestick signals, when converging with trend, do actually work rather well in crypto.
But a shooting star in a bullish market is not one of these signals.

>>14509998
path of least resistance in markets is the path of most pain.

>we will not go higher than$4k, instead we will break $3k support and go to $2k!! $1800 is on the table!!

rekt

>ok, we have broken $4k and are now knocking on $5k, but $6k is a gigantic support turned resistance! BTC wont break $6k until 2020!! short at $6k

absolutely rekt, blasts through $6 and 7k

>not a chance this manipulated rally goes past $10k! long term resistance from April 2018!! short here

rekt once again

>$14k, shorters have necked

and here we are, hovering around $10-11k. If everyone thinks we will get a buying opp at $7-8k, it will either not happen, destroy shorters once again, or simply create a V shaped bottom from this level, not giving many a chance to get in before continuing higher.

Bear trend is OVER. trend is your friend until the end of the trend, and the trend is UP.

>>14510705
That would be nice.
>>14510714
See pic. I'm good at saving which means once a year I can go all in on a move without it hurting my wallet. Even if I lose it all, I'll just have the same amount half a year from now.
>>14510767
See above + the fact we can live fine on $2k/month.
>>14510717
Okay, so let's say I have no leverage (if that's possible - I'm very lay). Let's just say the $120k cash gets me 11.65 bitcoins, right? Okay, so what price does 1 bitcoin have to be in order for all 11.65 of my bitcoins to go poof?

>>14510601
Or we go much lower. It's always either a frontrun or an unexpected breakthrough.
With the rise to 14k it was the same. No one was looking at 14k. Most people were aiming much lower and we ended up going much higher

>>14510823
If you simply hold Bitcoin or any other coin that is 1x long position.
There is no liquidation price unless it goes to zero you can sell it for something.

>>14510823
>i go to the store and buy bread, bread price drops to 0 i have no more bread

>>14510823
>Okay, so let's say I have no leverage (if that's possible - I'm very lay). Let's just say the $120k cash gets me 11.65 bitcoins, right? Okay, so what price does 1 bitcoin have to be in order for all 11.65 of my bitcoins to go poof?

you are confusing bitcoin itself with CTF (leverage) trading. people here are split between those that choose to "just" buy and hold until it is time to sell. those peoples bitcoin (if they keep them in a safe wallet and not on scammy online exchanges) will never go poof as long as the network exists - which is until we have quantum computers capable of breaking the encryption, basically (possibly never). this is quite clearly the best option for 99% of all people, as you have to significantly outperform the market to beat it in leverage trading (there are fees, huge taxes etc.).
the other group is people that "bet" their already existing bitcoin via CTF contracts on sites like bitmex. THOSE peoples bitcoin can go poof if they screw up, but judging by your level of knowledge you shouldnt become part of that group anyway - you would lose everything, guaranteed.

>>14510823
0. Retard.

>>14510823
Well, never actually. Is this bait or are you really this retarded?

>>14510945
he's just new probably

>>14510920
>>14510945
>>14510980
I'm totally alien to trading - I was confused by the concept of leverage in this context. I wanted to make sure I can treat it at a 1:1 ratio in regular circumstances.
>>14510916
Thank you very much.