/biz/ - Business & Finance

Jesus

>>29381337
Lol

>>29381337
what the fuck timeframe is this chart??

>>29381337
lol i bought more at 1200, you paper hand faggots deserve to lose value

>>29381761
This is the 1 min candle.

literal holocaust

get off KRAKEN immediately

>>29381337
Time in the market beats timing the market, sonny.

>>29382119

By Jove, what the Dickens happened there??

>>29382244
Flash crash on coinbase. if im not mistaken everyone got compensated after.

>>29382244
looks like someone market sold 120k eth

>>29381949
what exchange lol? I wish i had an order set at 700

>>29382651
so if anyone sells we all die
genius

>>29381337
Shouldn't have longed. Spotties are peak comfy

>>29381337
Well.. that's where 800 mil printed yesterday went
Nice job, Tether, nice job..

>>29381337
missed the big dip. I was in the bathroom jerking it for a little stress relief. I have been punished for my sins.

>>29382019
Why, Kraken has insane buying opportunities

>>29381337
I dont know what that means desu

>>29382119
imagine some retard's long futures

>>29382186
Ok boomer

>>29383039
It means a group of whales had intentionally cashed out at the same time to coordinate a crash.

>>29383175
Or just one guy

You have been liquidated

thanks for paying

>>29381337
> the absolute state of kraken

>>29381337
holy normie hand

>>29381337
LMAO

>>29381337
>whale dumps
>market reacts and the price is unaffected

interesting

>>29382918
I missed it for being a wagie, I might actually quit.

>>29381337
Did anyone here get liquidated by that

>>29383399
>market reacts and the price is unaffected
Lol. That was a coordinated buy-in. Happened in 2017 too. Don't remember at what price. 6000 maybe?
Tether printed 800 mil yesterday. It was very likely that they had to use them somehow.

>>29382119
Always wondered if someone's strategy is placing ridiculously low price orders just waiting for flash crashes to happen

>>29381337
if you were long, yes

>>29382119
>130k bought at $0.01
>$30M from $1.3k within a second
WTF

>>29383882
$40M
mistyped this shit

>>29382119
Holy shit some whale must have fat fingered, I remember about that. Some retards got their orders filled at like a couple of cents, legendary, I remember reading about that somewhere

>>29383175
whats the reasoning behind doing that?

>>29384222
Buy lower because of the chain reaction of stops getting triggered, futures liquidations and panic sellers. Billionaires love manipulating crypto to do this because it's a legal grey area, they can't do it to stocks cause it's illegal

>>29383772
kek, i do this and everone who doesn't is literally retarded. This is basically free money. Like, it costs $0 to set up the orders and the worst case is they don't get triggered. I wrote my own script that renews the orders every hour so i don't have to do shit. As parameters i just set the percentage of the dip and the amount of money i want to buy with. Mind you, i only feel comfy doing this in the bull market and definitely not on low mcap shitcoins that can be manipulated as fuck by a single holder.

>>29383733
I lost $2m longing ETH on kraken.
I had maxed out my leverage in USD, USDT, and EUR.
I am financially ruined.

>>29382119
On what exchange was this? did this happen right now?
>>29382466
If I placed some orders at 0.01$ would it have filled? maybe even with long 125x leverage?

>>29384222
the whole market is desire for moving money form impatient people to patient people

>>29382119
Based. Saved.

>>29383386
what the fuck

>>29384474
The money you have in waiting orders is in USDT and it's missing on gains BTC is making when it's going up.

>>29382119
You mean to fucking tell me I could have bought 131654 Ethereum for 0.01$ each if I had just placed a fucking order there?
Brb got to place a 1 cent order on every exchange for the top 10 coins.

>>29384474
What kind of percentages (- from ath, current price?) do you go for? If you don't mind me asking chief.

>>29384474
Can I set a buy order to last a few days?

>>29384474
you cant set orders too low like that you dumbass nigger, stop lying on the internet negro

>>29381337
The fuck happened here? Someone accidentally sold for 700 when they meant to set 700 as a stop loss? And probably meant 1700 rather than 700?

>>29384557
good, time to reject materialism and become a monk

>>29384474
Has it ever worked once?

>>29385034
Bots correlate moves with BTC; when it crashes fast then shitcoins crash so fast that all the bids disappear

>>29384557
Good job dude

>>29382186
these hands were made for acoomulating, anon.
Also the only piece of advice you need on these fucking clown markets.

>>29384799
>$1000 "missing out on gains" means fuckall when you have a 6 or 7 figure portfolio
lmao

>>29381337
Short hunt.

>>29384557
Are you serious?

>>29382119
so, a whale just market sold a bag so massive that it raped the whole order book?

>>29384474
why do you need bots? just leave the orders hanging I still have a goddamn 3x long on BTC since 9100$ for a few cents on the test demo Bitmex site.

>>29385305
Oh wow you're gonna make a whooping 100$ from 1000$ in orders waiting for a dip like that that happenes 3 times per year when bitcoin makes +400% in that time.

>>29382119
It amazes me that people on /biz/ are so new they weren't there when this shit happened

>>29382119
>320$ USD
Huh? is that back in 2017?

>>29385472
Yes. They bought back almost immediately after too. It's just to liquidate longs.

>>29384799
wow, no shit sherlock? I am never all in because of this exact scenario: i want to have spare capital on the side to go in on those juicy dips and dumps

>>29384937
well, that depends, what i forgot to mention in my first post is, that i usually dca in, so for example 10% dip 500, 15% dip 1000, 20% dip 2000, basically the lower it goes the more i pour into. More than 25% in only one hour is rather rare, but i fiddled around with other timeframes like renewing the orders only every 2 or 4 hours and then go for even more percent, like 40 or 50

>>29384968
chinknance lets me do this, but again, the orders get cancelled and renewed every hour anyway

>>29381337
guess where on this chart i sold

>>29384557
This is all just a dream. Go back to bed.

>>29382988
redpill me on kraken

>>29385696
Thank you sirs, been considering DCA myself, been going all in so far which punished me severely today.

ETH is taking more abuse than my mom did

>>29385533
It doesnt amaze me that yourr a namefag

>>29385533
YUH YUH YUH YUH YUH

Im starting to think crypto is shit, all my profit was made with stocks and lost all of it with this BS manipulation, being decentralized aint so fun when there is no repercussion for these whales

Cant see the image tell us here.

Guy have you heard about $MCM

>>29385533
It amazes me that you're here for almost 4 years and you're still poor.

>>29385214
Lol crickets.... I'll take that as a no. Loser.

>>29387747
I've made a lot of money out of crypto already, faggot

>>29387925
You've lost a lot more money than what you've gained. You don't know how to play this game, you just kept on chasing PnDs. Keep going faggot.

>>29384601
>place long x100 at 0.01 with 100 dollars
>goes up to 300
>now they must give you 3million
i dont think that works

>>29388062
>You've lost a lot more money than what you've gained
Not really. I've made a lot more than I've lost. There are instances where I did lose a lot of money though but in crypto that happens

>>29382019
Why? You want me to move to Chinknance? Or Kikebase? No thanks, Kraken is the white man’s crypto exchange

>>29388221
Post proof then.

>>29386248
BASED

>>29381337
what the fuck?

>bought at 1700
>thought thats pretty low
>its still fucking 1700

>>29383386
Is that actually Tether?

>>29382119
>423 KB
>>>
what site is this?

>>29388293
I don't really care enough to give effort to prove myself to some literal faggot on /biz/ and I don't really care if you don't believe me

>>29388221
I'd bet my $1 million that your net worth is only less than $40k.

>>29388634
Ah, yes, that's a nice cope.

>>29388723
Well, I do live in a 3rd world country so of course my worth is not a million dollars.
>>29388836
Okay

>>29381337
what exchange?

>>29388940
>Well, I do live in a 3rd world country
That's not an excuse. How come I've reached USD$10 million using pesos then?

>>29388634
It would literally take 20 seconds. It's quite obvious you've lost way more. Fag. Faggot. Homoid.

>>29386248
Holy shit

>>29388940
I bet you lost your entire 2000 bucks trying to short BNB. Dumb faggot.

>>29389182
I didn't because I'm not a retard that doesn't use stop loss.

Yeah, I used 800 bucks I'm playing with and it turned 2k, it turned 300 bucks, and I just longed btc @ 5,005

>>29385999
it allows this to happen
>>29383593
>>29383386
>>29381337
if you don't use stop losses you are fine
if you placed an order that low and it got filled, even better

>>29381337
I'm fucking sad right now because I had a short in, but I hadn't set the trailing stop so I missed the dump.

>>29389109
congrats, I guess?
I started with like 100 bucks in 2017 so I'm happy where I am now

imagine the poopoo flinging if this happened on Binance today

>>29384601
You would have got liquidated instantly as the price would have kept going down lol.

>>29381337
>>29383300
>>29385034
>>29389107
>kraken liquidity
kek, still a decent exchange but not for trading, only for on ramp and custody

>>29384557
The krakening
Newfags haven't learned not to trade on kraken with margin. Its known for its flash crashes.
https://librehash.org/users-should-avoid-trading-on-kraken-at-all-costs-part-3/

>>29383733
those are the liquidations

>>29389791
You’re cute

>>29382019
>literal holocaust
>get off KRAKEN immediately
are you kidding? i was 1 hour too late to see DOT had a low of $12.50. By the time i looked it was $36 already. Not fucking around this is the 2nd time this happened in the last couple months I'm setting some buys at $13, not missing that again

GOD DAMMIT

>>29381337
God I wish I was able to buy there

>>29382119
Wait so this shit was actually real? I always see that scam wick but I didn't realize it actually happened/wasn't just a glitch.

>>29391125
Yes it was but only on Kraken

>>29390502
Sure.

>>29390307
Why do people still use kraken anyways

>>29381337

>>29391259
It's one of the only non sketchy legacy exchanges. Also one, if not the only legacy exchange which has never been hacked.

>>29382119
this is nothing compared to what happened to chainlink on binance...

>>29385638
imagine being this new

>>29382244
I bought

>>29392394
this is why you never market sell...

>>29385668
What do they gain from liqqing the longs? Are they in cahoots with the exchange?

>>29393508
longs getting liq'd pushes the price lower than their own selling alone. they can short then buy back lower.

>>29382244

>>29392394
i remember this day, literally /biz full retard mode, CZ announced that the order was created about 5 minutes after the Link pairing was added on Binance and so they does not cancel anyones orders ever, end, someone bought about 900 k link for free, funny day.
then i sold my 5000 linkies for ~ 2,6 $ and never bought back, almost roping myself rn

>>29393508
like >>29393741 said, some whales chased the stop losses and the liquidations of other whales/retail, if you have very deep pockets, good bots, and a precise idea of how the orderbook is, including hidden orders, you can do that

>>29392394
Legit is it worth just putting a bunch of meme buy orders on shit like GRT incase this stuff happens? literally no loss in doing it. especially in GRT once the supply dump happens and tokens get unlocked on may

>>29394363
You run the risk of potentially catching knives, but ya I've had some hilarious buy/sell orders filled before

>>29394363
i think u cannot rn put this ridiculous orders, I think max 5-10x low orders possible on binanace, but dk for sure, u have to catch exact moment just after listing brand new coin maiby, before price is set too high

>>29387532
You think you'll do better battling Hedge Funds and their friends in the SEC?

>>29390428
Where should I trade if Kraken sucks and Binance.us isn't allowed in my Burgerland state?

BLACK HOLE PATTERN

Once again faggots who cannot fucking hold get burned

Daily reminder that ETH is a Ponzi and it is intrinsically worthless.

>>29394022
why would you ever sell link?

>>29381337
Good. degenerate leveragers getting raped + so much money to be made in times like that. too bad it happens so rarely.

>>29383386
What website is this? Depth chart flipped 90° next to the price is genius.