/biz/ - Business & Finance

>>50537290
Eth, matic, ape all look like juicy shorts

ETH is probably the most undervalued coin. It has been more used, and more useful, than Bitcoin for years now, so it's not fairly valued until it flips it.

>>50537388
Eth has two use case, gambling and farming shitcoins. Yes, you can make money but don't think for one second it will provide any value to the real world. I trade eth but I know eth won't be around in 10 years.

>>50537451
Sorry but the real value it provides is so obviously apparent that aside from putting a magic spell on me that turns me blind and retarded, there is nothing you can say that makes me change my mind.

>>50537451
>Gambling isn't the real world
It's infinitely more real and timeless than you give it credit for

>>50537290
i'm still thinking about it

>>50537388
>ETH is probably the most undervalued coin.
long term - maybe
short term - doubtful

Should I enter a short without leverage? Is it safer? I usually go x5

>>50538859
And what price should I short at. Was thinking 1625? Or current price?

>>50538870
As close to the 1650 resistance as possible.Stop loss somewhere above it

>>50537290
Its fun to see normies absolutely fomoing at the top of ETH. I'm expecting a good rug

>>50538870
I still think 1700
I might be wrong since it looks like a bart is forming on the 4h chart that could drop later today when Asia opens

You mean long

>be me
opens 50x short last night with some gambling monies.. go to bed seeing 1620, eh oh well there goes that money.. wake up to see 129.70 position not liq'd... tell me its gunna be ok..

>>50542001
1629.70 **

>>50542001
your good

>>50542165
you're*

>>50542001
we won't see 1630 today, shit is going down hard before monday

>>50542178
>>50542186
that would be great.. its just lunch money but 50x. Leverage is game is intense as fuck haha

I just opened a 12x short at $1613 and my stop loss is $1700 even while profit range is $1487. Will I make it?

>>50537388
checked, nice bait

>>50543318
Not bait.

>>50542001
1675 scam wick very possible.

>>50537388
318,000 eth was created this month alone. BNB/BSC and other coins allready do everything that eth is supposed to do after the upgrades are fully released in the next 5 years (not just the merge everything). BNB allready has burning, allready can build with solidity and EVM, is allready proof stake, has a copy cat of every major eth project like uniswap and is has an exchange that uses the coin.
I own eth but I also own all the competitors. To act like eth has allready won for it's use case seems niave to me. It doesn't have much of long term competitive moat where as bitcoin has it's use case on lock for the foreseeable future.

>>50542001
meh pretty dangerous there man. how much fucking leverage are you using? tight squeeze there...

I can remove the bobo if u want.., but it might not even be wanted.. the bobo has a function

>>50542001
I knew it. 1650-1675 was highly likely if you just looked at the hourly channel.

>>50537290
>>50537388
Eth eats ass
Pic related

>>50545513
It's real ETH-ggers

>>50543487

>>50537290
This,thanks bobro

>>50543487
great call. I rode my position until it died.. I may or may not have opened another after the scam wick....

>>50545299
50x.. I like to play.. small amounts but lots of fun

>>50537451
2 more use cases than btc

How come bobos are always right in these last 8 months??

bump

Am I doing this right?
I'm super new to futures. I've always used 5x leverage but after several liquidations I've decided to lower it