/biz/ - Business & Finance

imagine if we just did something crazy like fucking mooning or something haha

Aaaaaaand I'm already in profit.
Sold at 51k....
...
...
Again lmao this is too ez

>>30393776
Based top caller
I sold too. I think biz is getting too "happy" lately.

Gonna get related when you fomo.

>>30393160
miss the boat, fattie. see if i care.

>>30394000
Wasted trips
>>30394096
You cared enough to leave a post

>>30393160
remember: swingers always get the rope in the end

>>30393160

>>30393160
Could a wrinclebrain explain to m why I'm not making money here?
Why is the top trade red?

>>30395846
Trade fees

>>30397244
Seems excessive.
But thanks

Why don't you just short 1x, at least you receive funding if wrong

>>30397375
Why are your entry and exit prices so close to eachother?

>>30395846
Is this binance. I was thinking of gambling there. If it's binance have some BNB so it will take out the fees there at a reduced rate.

Also
>closing a short at 20 dollars lower
holy shit. Is this really how you do this?

>>30393160
No. Number MUST go up.

>shorting Bitcoin

>>30397756
It's bybit, and I'm completely new and didn't know how high the fees were so no, that's apparently not how you do it.

>>30397756
I suggest looking into BTCDOWN, its in spot with flexible leverage. has potential to go back up to $12 from its current $0.07 maybe

>>30399077
Don't use bybit, use binance. Are you American?

>>30399391
I'll check this out, I'm new to trading, but not new to investing in projects.

I've seen things like LINK down/UP and ADA down/up too.

How does it all work out?

>>30399391
Can you please elaborate for a retard how this works? I know how leverage works but not btcup/down

>>30399394
No

>>30399546
>>30399528
>>30399546
if you go on the binance page for BTCDOWN/BTCUP, it'll show u a video of how it works.

>>30399611
Use my ref code in the name please, it gives you a discount on trade fees if you start an account through a ref code. I also get some of the fees enacted through a trade.

Also keep some of your amount in BNB so the fees are taken from there at a 25% rate, giving you a bigger discount on the trading fee.

>>30399701
Poorfag, stop with your referral bullshit.

>>30399823
If I'm recommending someone to use something I will do it via referral, it would be poorfag mentality to not do that.

>>30397375
Your price range is way too narrow, the fees are your entire profit or more. Try 300+

>>30399879
Lmao, do you really need a discount? Oh no, 500 dollar fees are soooo bad, I need a referral. PLEASE USE MY REFERRAL, I DONT WANT TO PAY FEEEEES BECAUSE IM POOR; AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>30399546
They are leveraged tokens that basically handle everything for you, but you shouldn't hold them for more than a few days at most.

>>30399930
You misunderstand. It's not a fee decrease for me, it's a fee decrease for the person using the referral code. Sorry you missed out.

Avoiding discounts is poorfag mentality. Stay trapped.

lmaooo
>wanna be a whale
>join shill 3lvl scam
>lose everything and wee in the corner

you shouldn’t be a smart ass to realize what project to invest in
my purse with enq and their node nets are bestoption for this year

>>30400072
Cringe

>>30393776
The whales are about to pump it. You sold to soon.

>>30399971
What happens if we hold them sir, can you please elaborate kind sir?

>>30400936
Say the leverage amount is fixed at 3x. If BTC goes up 10% in a day, BTCUP goes up 30%. If BTC goes down 10%, BTCUP goes down 30%.

Now say BTC and BTCUP starts at 100. It goes up 10%, so BTCUP is worth 130. The next day BTC goes down 9.1%, and is now worth 100 again. BTCUP goes down 9.1 * 3 = 27.3%, so is now worth 130 * 0.727 = 94.51

BTC has gone up and down and settled in the same place, but volatility means BTCUP is worth less than it started. If you buy and sell this kind of token and the underlying has a consistent up/down trend you can make money, but when it is volatile you lose money like this. When you hold over long times there is more volatility.

>>30401193
Oh now I see, I bought btcdown yesterday from 47700 and now even if it goes back to that level I will still lose money. It should go below it for me to get even.

Thank you sir!

>>30401538
>below it to get ever
Ok now I'm confused. I bought btc at 46k and currently I'm somehow losing money after I bought more at 49k before it hit above 50k. What am I not seeing here? I know I'm a faggot retard but I'm genuinely confused

Oh no BTC is dumping on 1 minute chart!

>>30401925
? The fuck does that matter for right now? Shits going to go up and down for days

>>30401821
read the post carefully and just write down the percentages by multiplying them, you'll understand, its very basic when you grasp it.

>>30401193

there is also binance academy video you can check that out.

>>30401538
>>30402054

I bought at 47.000 and it went up 7 percent so I lost 7x3: 21% --- 100 - 21 = 79.

now if it goes down to 47.000, that would be 6.5% fall, 6.5x3: 19.5% --- 79 + 16 (19.5% of 79) = 95.

see?

>>30402054
K thanks I'm kind of understanding now. I'm going to be holding for quite awhile it seems

>>30402259
You should probably cut your losses in the next few days if it doesn't go down again. The point is not to hold for a long time.

>>30393160
Tethered? LOL. xBTC is the way forward.

>>30393160
>always do the opposite of what biz says
Thank you anon, i just bought more

>>30402882
So the longer I hold as it continues to go up and down loses value based off those percentages? I feel like it's going to go below 50k again though in all honesty

>>30403303
I think it will too, but the longer you hold the more volatility will degrade the value of a leverage token, up or down. Up to you when to sell.

>>30403540
Im probably going to sell not too long after it goes below 50k again or close to jt

Same, was waiting for a big dip back to last Sundays but it didn't go that far, better than Fomoing though, its gonna take a huge shit soon

>>30404621
Based Patience anon. So much volume at current price range, somebody is rejecting hard.

>>30405057

It was doing that all through Saturday too and ended up going high again, still better to wait, I reckon its going to come down hard sometime on the next day or 2

>>30399930
He’s being a total bro, fuck off mate

>>30405329
>It was doing that all through Saturday too and ended up going high again
Kek i thought I was the only one thinking this.

Why sell low?