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/biz/ - Business & Finance

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51360003 No.51360003 [Reply] [Original]

>YOU JUST CAN'T HOLD CRYPTOCURRENCY WHEN THE ECONOMY IS GOING INTO RECESSION YOU HAVE TO SELL IT BECAUSE WELL... BECAUSE YOU HAVE TO THAT'S WHY

>> No.51360027

I mean, if I had sold at 30k and then bought back in I'd be a lot happier. Next cycle I will take more profits and learn how to short (or at least buy puts).

>> No.51360095

>>51360027
Thats not how it works, you will just get liquidated.

You have to understand, going from 50k to 40k, you have people first getting liquidated going from 50k to 53k then 40k

Then at 40k the same thing repeats, you dont just short at 40k and it goes to 30k and you win, no, it goes back to 48k first, you get liquidated, then it goes under 40k

Then at 38-40k it doesn't just go down to 30k, it goes back to 45k to liquidate you again before going back into the 30k range again

Then you open a short at 27k, then it goes to 32k and liquidates you again.

Then you open a long, thinking its gona go back to 35-40k, then it crashes to 25k and liquidates you again.

Then you long at 25k because for sure its not gona go any lower because 25k is the new 20k adjusted for inflation and cant go below that, and then you get liquidated again

Then you short at 17k thinking its over because it went under 20k, and it then it pumps to 25k and you get liquidated again.

Every move you make you get destroyed.

It is not as simple as "SHORTING IS EZ BRO"

The BoBo posting who spam "MUH FREE MONEY PRINTING REEEEEE" put in $100 and lose it 1,000 times before one of their $100 X100 leverage shorts finally works out for them, but 99% of the time theyre getting rekt on their baby bitch 3rd worlder high leverage positions

>> No.51360161

>>51360095
Jesus christ. What a black pill.

>> No.51360215

>>51360095
Yeah if you are a degen that uses high leverage this happens. Literally in any of your example if you used 2-3x leverage you wouldn’t have gotten liquidated

>> No.51360416

DR;NS

>> No.51360480

>>51360416
$50

>> No.51360524
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51360524

>>51360003
YOU JUST CAN'T HOLD CRYPTOCURRENCY WHEN THE ECONOMY IS GOING INTO RECESSION YOU HAVE TO SELL IT BECAUSE no one is gonna buy online Chuck E Cheese tokens when they’re out of jobs and have to feed their families.

>> No.51360568
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51360568

YOU HAVE TO BUY METALS AND GUNS AND AMMO RIGHT NOW!! RACE WAR SOON HOPE YOU DIDN'T TAKE THE VAX!!

>> No.51360591

>implying your average holder on /biz/ has enough crypto to actually make a difference on the price
>implying major financial institutions selling aren't what will eventually bring the price of everything tanking
we are nowhere near the bottom, faggot
the only thing that remains to be seen is how long a recovery will take to breach previous ATHs

>> No.51360630

Nobody says you can't hold them, you just will be bullied (and poor)

>> No.51360643

>>51360003
I've got to the point where I just buy stuff then check out. All my bills are paid for so pretty well everything else is just a bonus