/biz/ - Business & Finance

>>57570871
link pumps too slow so he gets time to move around, feelsbadman.

What will happen to price if he gets liquidated?

>>57570900
liquidation on AAVE repays the loan for 50%, so 45k LINK gets market bought and equivalent ETH and wBTC gets sold off

>>57570900
Pump.

>>57570871
>>57570885
>>57570900
>>57570908
>>57570910
You will rope and he will make bank

This is a threat to indian jeet scammers everywhere

>>57570871
His liquidation is $27 not 22.
He has 2.5m of collateral. When 95k LINK = 2.5m USD he’ll start being liquidated, with his position worth $0

>>57570900
I imagine 100 more shitskin link fudders will be pumping the catalog of fud/shitcoin threads. This place is absolutely unusable at this point.

>>57570908
Ah interesting I did not know that
>>57570924
No it's 22 you get liquidated way before your worth is 0, because liquidation needs to pay for the bonus, the Ethereum gas and the slippage>>57570924

>>57570982
If you go by that metric, he’s been liquidated for ages already. His position is already only worth $600k, despite 2.5m of collateral.

>>57570989
No because the metric is the health factor
Read up

>>57570871
someone post the wallet address please?

>>57571229
https://debank.com/profile/0xecded8b1c603cf21299835f1dfbe37f10f2a29af/

>>57571452
>https://debank.com/profile/0xecded8b1c603cf21299835f1dfbe37f10f2a29af/
is CRV actually worth farming?
I have st-YCRV and I think I've only lost value on it in the last 2 years.

>>57571861
YFI devs fat fingered and lost a bunch of crv. very unlike them, shit happens but super unfortunate. They are slowly recovering

>>57570871
>If link hits
He's safe.

>>57570871
I predict he loses everything today.

>>57571009
If the health factor goes under 1, he gets liq'd?

>>57571897
are you fucking serious? that's bullshit.
is stYCRV going to gain value over time? My impression was it will gain value the more the ETH-stables pools get used on curve fi.
am I completely wrong?

>>57570871
Brain tard here
Explain this to me like I am at a public school in Chicago

>>57573322
the guy is shorting chainlink, which means he's put up a bunch of collateral to borrow a bunch of chainlink tokens to sell and buy back at a lower price to repay what he borrowed. if the price goes over a certain point, his position gets liquidated and he loses the collateral and the borrowed tokens

>>57573342
can't he get out now?

>>57573342
thanks

>>57573346
that would mean eating a million dollar loss. no his ego will lead him to zero.

>>57573346
his position is two million dollars in red. it's like he boughbt a shitcoin for 2.5 million and its now down -80%, except the shitcoin can also literally go to 0 in which case he also loses the remaining 500k
he's betting that it will recover and risking his $500k. but in practical terms yes he has already lost and is now trying to recover it, though technically his position hasn't liquidated yet.

>>57570871
How does a lawyer have this type of money to gamble on magic internet beans?

>>57574540
someone looked up his trades and saw he shorted every time it hit 9, for over a year. then he took all those winnings on the final short, and now is about to lose everything

Erm, aren't you guys overlooking one serious flaw here?

>LINK
>PUMP

HAHAHAHAHAHA

>>57570871

>>57570871
I don’t get it, why short? Really doesn’t make sense as the narrative switched and we’re in the bullrun (early stage). Does he hate Chainlink or just pure hubris?

>>57574681
Link is a scam and it's pretty likely to go back to $5

>>57570871
I hope he loses everything, i held for 7 years through hell, he deserves nothing! All he did was jewish games.

>>57570871
Lets go

>>57570871
this leech nigger will always be with us.

>>57576237
even if he gets it up to $100 itll pump to $125. hes finished

>health rate 1.08
down from 1.10 earlier
when would liquidation start?