/biz/ - Business & Finance

you've got to understand its all chinkery. look at ONE and how that dumped. It's all going to get chinked eventually. You buy chink you buy bitconnect, it's musical chairs. You have to get out in time.

MATIc is a really bad overpriced mobile game store with shitty games and only one good dapp. Lmfao

>>17135608
>hitted
Sirs

Kek made my first 5x from this shitcoin last summer

Classic chart.

I can't even understand what hes complaining about.

>>17135814
I think he was mad that he got stop hunted.
https://twitter.com/TintinCrypto/status/1225941646212313089

>>17135676
NO ITS NOT IT'S THE NEW PARADIGM

>>17135699
>shitted

>>17135814
When the order books are illiquid, shitcoins typically are, someone can manipulate the prices temporary and bait stop losses

>>17135960
That's why I only trade BTC and ETH. Thicc order books make scam wicks a bit harder to do although they still happen.

The ching chong cries out HAIIIII YAAAAAA and strikes you with monkey steals eggs when coin go do ting tong.

>>17135960
can you explain to a brainlet how you can make money from this
so some whale dumped his MATI into an illiquid orderbook, to trigger stoplosses which then dump the price even further? How does the whale profit from this? Unless he buys the bottom, which implies that he expects the price to recover?

>>17136035
Bets price will drop against all margin calls.

Manipulated price to crash.

Profit.

>>17135608
holy SHIT. My stop hit at .00000235. At least I got out at a profit.

>>17135870
>>17135960

I couldn't even understand him to tell he was complaining about a stop triggering.

Not much different than stocks, especially since they don't trade on the weekends, a stock could easily gap well below your stop.

Its not just liquidity, but people put way to much confidence in stop loss orders.

>>17136090
>people put way to much confidence in stop loss orders.
Slippage is definitely a motherfucker. Many a trader has to learn that the hard way.

I looked at MATICBTC for the first time today, and I see the 1d 50 SMA and 1d 200 SMA get some respect. A few days after its 1d 200 SMA came into existence, its first ever golden cross happened, and it pumped like only a scamcoin can back in November 2019. The bulls are protecting the 200 SMA too.

Some more MATIC TA from a good alt trader:
https://twitter.com/LomahCrypto/status/1225942560469745664

pls sirs give the needful deep think

>>17136189
Lol.. this is my favorite biz meme.
"plz sirs, I need to feed my village".

>>17136045
how do you bet that a random shitcoin is going to drop in price? What exactly did this whale do to make money from this dump?
Is there a place where you can short COTI and other shitcoins?

Can we please filter words like chink, chinked. It serves no purpose except diluting discussion and derailing the topic.

>>17136247
this. so tired of hateful racists

>>17136263
You cracker beaner nigger pajeet chink. Learn your place.

>>17136247
>>17136263

Go to reddit if you want a "filtered" discussion. Or either ignore it or respond. Complaining about it wanting it "filtered" just makes it worse.

>>17136247
>>17136263

>>17135608
This is a literal pnd

>>17136247
Israel has no right to exist

>>17136247
kys snowflake

>>17136035
Exchange owners and other parties privy to the data can see exactly where stop losses are and what amounts. If there are large groupings of stop losses at certain prices they will then calculate how low the price will sink from triggering them based on the depth of the orderbook. They then place buy orders around their calculated price and trigger the stops, collecting the coins. Price will relatively quickly return to the mean. This is one reason why you don’t day trade these crypto markets.

>>17136369
>This is one reason why you don’t day trade these crypto markets.
It can definitely be more dangerous to trade the lower timeframes. Also, in the long run, higher timeframe setups (1d or greater) get big profits in the long run. Even people who prefer the faster pace of day trading should have some slow positions too. It's way less stress for a lot of money. You can trade the 1d chart even if you're wage cucking, because you only have to look at the chart once a day and make a decision, and often that decision is to do nothing. Just don't be a pussy when it comes time to take action though.

>>17136369

I went from losing money to making money the moment I stopped using stops.

>>17136467
Sounds like a bad idea. Imagine no stops at matic. I was still up 7% when my stop hit. No stop? I would have been down over 10%.

>>17136557

I wouldn't have traded matic at all.

>>17136607
Alts in general are crazy. You need stops with alts.

Chainlink is next.

>>17136625

With high volatility tho, a stop is pretty much a guaranteed loss.

>>17136247
shut the fuck up you dumb kike

>>17136467
>>17136557
I kinda understand why some people don't use stops. It sucks to be stop hunted especially in something as volatile as crypto.

>>17136672
Do you at least put in a stop before you go to sleep?

>>17136247
wrong.

this is what you filter faggot

>>17135608
brainlet here
why does he ask for ''his funds'' ? I mean in tading you have to accept that you can lose. So why does he ask for his funds back

>>17137446
yes, but it also sucks to get totally rekt as shit for thinking something was a fake out

>>17136247

>>17137528
Oh so you’re poor. I get it.>>17138510

>>17135976
>Thicc order books make scam wicks a bit harder to do although they still happen
when did it happen in btc? Can you do an example?

>>17136045
>Bets price will drop against all margin calls.
what is the meaning of ''against all margin calls'' ?

>>17136090
>a stock could easily gap well below your stop.
it never happened

>>17136247
Don’t you have a pandemic to worry about Chang?

>>17139352
Here are a few scam wicks a remember trading through back around the end of February, beginning of March of 2019. If you're clever, you can make the stop hunts work for you, but it sucks to be on the receiving end of one.

>>17135957
based and redpilled

>>17135960
what are stop losses?

>>17136263
Me too, racists are all fucking niggers.

>>17139362
calls are derivatives in options trading, "the right but not obligation to buy X at the price of Y (expires on Z)".
Margin calls then are (probably, I don't actually know) are calls when the strike price (Y) is equal to the price of X at the time - right on the margin, any lower would be a loss

I think he just wanted to say it like that to sound smart though, could've have just said
>bets price will drop

>>17135608
so basically the order book is illiquid and this faciliate whales to hunt for stop loss?
Then why is this guy crying? He shouldn't have had bet on an illiquid coin

To those who don't want to be stop hunted, maybe ATR can help.

https://www.youtube.com/watch?v=LBQIkLkU8WY

>>17139617
are there the whales behind those wicks?
How could someone profit?
I mean.. how could you have told where would have been the next wick?

>>17135608
this is how sv gains will end up. how all shitcoins end up.