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/biz/ - Business & Finance

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57987721 No.57987721 [Reply] [Original]

I put a 10x leveraged long on BTC at $72k.

What are the chances I get rekt?

>> No.57987730

I wish i was brave enough to use leverage at all.

>> No.57987750
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57987750

>he went long?
>dump everything

>> No.57987764
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57987764

>>57987721
I need to know your liquidation price, please

>> No.57987791

I'm gonna share an intel which nobody reveals

leverage is the shortcut to losses

market goes up and down just to chase stop losses

You're welcome

>> No.57987800
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57987800

>>57987721
seems this is what would need to happen
be right back, making some calls

>> No.57987810

>>57987764
$68k

Luckily we're never going below $72k ever again

>> No.57987812

>>57987721
I laugh at the greed in crypto. Using leverage in a FOREX with 24 hour trading, very little regulation and all the CEX's / Blackrock / Institutional lending machines knowing in real time the exact financial situation of every retail pleb making these bets.

You are going to get rekt just like everyone else using leverage in crypto. The system is rigged. Its always been rigged.

>> No.57987856

>>57987812
Don't you get it?

This time is different, one BILLION DOLLARS coming in every day through ETFs

Even cz can't scamwick against that

>> No.57987886

>>57987810
Risky as fuck, we can definitely go there once in a while.
Consider not having a liquidation price higher than 10000 from the current level.

>> No.57987891

>>57987856
ok

>> No.57988046

>>57987856
This guy fucks. You can rich in crypto easily without leverage just by not being a fucking spaz. Buy during bear and hold. OR rotate alts into stables right after ETH peaks which is alt season greed season. All alts go to zero but you can sell off the froth when retail mania rolls into.

Lord knows I have not been able to time the market, but my AVG BTC buy is around $30k, and my average ETH buy is around $2k over 5-6 years of DCA'ing into the bear markets and I am set for life.

Granted I have a job and don't live like a nigger in a rap video.

There has never been an easier time in human history to get rich. Never. And these fucks are GAMBLING on leverage against 120IQ avg IQ evil institutions like Blackrock.

Good luck kids. you'll need it!

>> No.57988069

>>57987721
Long term 100%.
You are gambling. Might as well go to a casino.

>> No.57988081

>>57988069
This is a casino anon

>> No.57988089

>>57987810
how leveraged are you to have such a high liquidation price b

>> No.57988173
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57988173

>>57987810
May the wick gods be in your favor, anon

>> No.57988183

>>57987721
>ee bought?
>domp eet

>> No.57988191

>>57988081
Exactly.

Casinos are profitable businesses - for the casinos.