/biz/ - Business & Finance

Stop spamming and prepare for the IRS ass raping

>>55252531
Im not american I dont care

>>55252513
zoom out

>>55252513
wow sure is exciting that 1 minute chart

retard

>>55252541
There are also tax authorities in the other 5 eyes countries and they cooperate with non 5 eyes countries. You are fucked, one or the other way

>>55252513
its been fake and/or gay chinese/russian bullshit since the start

yes. act accordingly

>>55252557
Just did. Now what?

>>55252513
stop leverage trading it was already proven exchanges are trading against the futures clientele you're literally gambling with massive chances against you

>>55252594
it's getting there

>>55252594
lmao

>>55252569
this dumb comment only makes sense in the stock market where it takes weeks for a stock to move 1%. in crypto 1min candles are fine because they show you 2% movements in one candle. now shut the fuck up and stop regurgitating what you read on reddit.

>>55252513
No one forces you to use x30+ leverage, who does is a fair game in my view

>>55252593
This is what I dont understand....Literally every exchange where people do this has been caught red handed, when first discovered, authorities do nothing so the scam continues...everyone is warned, and then shortly after we get a sea of people complaining about scam wicks....yet there is an easy solution, either use a DEX that offers perpetuals (there are so fucking many now that support every fucking chain) or just dont play leverage (you will still outperform stocks if you arent straight up retarded). If everyone shunned the scam exchanges(all of them) then crypto would suddenly skyrocket and anyone holding will make far more from just holding than they could have ever made with leveraged trades...its so damn simple. Learn to use leverage for its original intention: to offset risk, use it as insurance if you must use it at all.

>>55253050
what do I mean by this? Its simple. Lets say you have a 1BTC position. You decide you arent a complete retard and will simply hold the token in a cold wallet. You realize that there will be volatility and will not care much about the price swings...but number go down=bad so you decide to get yourself 'insurance' for if the price goes down...you do this by opening a leveraged short (you can pick the leverage x by understanding implied volatility over the time you want to buy the insurance for). You decide on your leverage X and purchase enough of the short position to equal 1BTC. Now you watch things during your chosen time if the price goes up, you get liquidated(or stopped) and the loss is chalked up to be the "price of insurance" for that time. If it goes down, you close your short and collect the money, which should be equal to the amount your stack of BTC goes down(because you made sure to understand the implied volatility and leveraged accordingly) ...you then purchase more BTC with it, and end up with the same $$ amount but more BTC than before. Now rinse and repeat...this is a very common tactic in investing that you fucking retards seem to know nothing about. Do learn about this tactic...it takes a bit of knowledge and understanding to pick out the correct leverage and time interval to keep the position open, but there are plenty of resources out there on this, you just have to translate things into crypto.

>>55253130
And dont forget, stay off the fucking central exchanges while doing this, use something like unidex or deus for your perpetuals, its much cheaper, much safer, and much less prone to manipulation by central authorities.

>>55253140
And go to "defi"? A scam that is 70%+ us treasuries excuse me (((stable coins))). You new fags don't even get the surface level of what is happening. Defi is dead. Finex and circle are the next to be fucked after eth got fucked

>>55252594
Nice documentary kino

Imagine actually using more than 10x leverage in this market

>>55252513
Uprise lost everything shorting Luna while it literally was crashing to zero.

If you use leverage in this market you simply don't deserve to have money

>>55253178
did I say to invest in any tokens? No I said for you to use a tool. You retards need to understand the difference between investing in a shitcoin (not defi) and using a financial tool(defi). Tokens do not automatically =/= defi. Think of defi as swaps, lending networks, perpetual networks, etc. Think tools, not tokens. This is where they try to trick you.

>>55253178
>>55253376
Now if you want to talk about something like the veracity of something like WBTC on any of the EVM based networks, thats a whole other conversation, especially because we have seen WBTC type tokens depeg once the lies about how that token is backed come to light (think the solana BTC). If something like a perpetual dex has been battle tested and proven to be safe (obviously its an exercise in diligence) then trading the volatility on something, would be safe to do there...you realize there is a difference in trading the volatility vs trading the token, right?

>>55253405
>Wbtc
Kys grifter or what is more likely the irs and doj, respectively the the equivalent in your country are going to do the raping
Defi is a scam, full stop

>>55253429
did you even read what I wrote? Holy fuck you are dumb.

>>55253485
Don’t listen to him he’s just angry because he can’t comprehend a single thing you just wrote

>>55253485
I won't take the time to read the retardation of a scammer. Keywords are more than enough to identify that whatever you wrote is worthless

>>55252513
>is this the most manipulated market in human history?
probably, the volume is all fake, they can move the price where ever

>>55253140
you know those dexs are filled with front running bots and super high jew fees right?

>>55253363
sounds like his leverage was too high, if t wasn't so high he would have been fine

>>55252760
>where it takes weeks for a stock to move 1%
>what is the GME meme
>what is Nvidia
>countless other examples
yup, you’re retarded

>>55252513
>dude just let me generate infinite money so i dont have to pump the machine
no

>0.1% swing
>liquidating anybody
Do people use 500x leverage or something?

>>55253649
Here are people that use margins that won't even survive a 2% swing with 10x+ leverage

>>55252593
"But I thought that in a Casino I was playing _with_ the house instead of against it"

>>55253649
some of these exchanges have 200x leverage like MEXC

>>55253592
Then maybe find a better dex? Literally one of the points of defi over cifi are the broad range of choices. There is also tech in place by some of these dexes(more and more are offering) that aim to prevent front runners. Also, why the fuck arent you using slippage properly? Plenty of dexes atm offering under .1% fees. Perpetual fees run around the same, somewhere around .1% of the trade. Aside from having lower fees that most CEXs, you also dont run the risk of not being able to withdrawal your money, not having the cex liquidation hunt you and others....Even if what youre saying is true about the fees(its provably not) is it not worth it to spend a tiny bit more on trades to ensure they arent being manipulated? Anyone who tries to steer people clear of "defi" like its some big bag single entity, instead of an ideal of having the system distributed, and therefore harder to manipulate by any single entity, is not looking out for your well being.
>>55253496
This is how I know youre 100% mentally challenged. My post hinted at WBTC offerings NOT being on the up and up. I also didnt even mentioned a specific version of wrapped bitcoin, just the fact that wrappers exist...seriously anon, youre fucking stupid and probably a woman(unless youre a tranny, in which case the problem is that youre trying to act like a woman while being 100% a man)

>>55254676
How deep invested in scams are you?

>>55254676
>Plenty of dexes atm offering under .1% fees
such as?

>>55254718
Have DEX insell

>>55254901
go back to /pol/ shitskin

>>55252513
easy money