/biz/ - Business & Finance

>>58277538
Nice, seems he is learning

>>58277538
his doge long will liquidate soon

>>58277538
what would be the benefit of losing huge amounts of money? what platform is he longing on? is deliberately getting liquidated a way of transferring money to shady exchanges?

>>58277538
>>58277538
trying to figure out what the play is here.
either:
>tax loss harvesting
>market manipulation of some kind (maybe liquidations don't affect the market the same way as selling?)
>deliberately sending $100 million to an exchange as some kind of untraceable/untaxable wholesale transfer

everyone can see the market is heading down, no billionaire would bet this money expecting to win. they are deliberately losing this money. but why?

>>58277538
>>58277788
>they actually bought DOGE, an asset that mints 1m new tokens per day and will inflate for all time
>they probably believed the $1 meme

>>58277538
wasn't there something about tether/tron/binance insiders doing this on bitfinex to back up tether? maybe these funds will be turned into USDT to pay off tether redemptions.
if that's the case, it means we are close to Tether imploding which would be the end of crypto as we know it.

also it was pretty funny that Tether announced passing an audit on April Fool's (a security audit, not a reserves audit. lol)

>>58277538
Insider here
I will poop in 5 minutes

>>58279994
>>58279975
he's simply just a midwit with lots of money

>>58280019
bullshit, whoever made these bets knew they'd lose it. why would someone deliberately lose money and give it to exchanges?

what platform were these made on?

>>58280003
tether is never going to implode. They made a killing off US interest rates being so high and filled in any holes they might have had over the past 1 1/2 years.

>>58280003
Additionally the bought BTC with those profits, some of which has 2-3xed to even further bulk up their reserves.

>>58280019
Here you go retard. You’re the midwit, the rich cunt is at the left side of the bell curve.

>>58279998
KWAB

>>58280036
>>58280043
bullshit

>>58280075

>>58279947
his doge long will liquidate approximately at $0.17262

>>58280299
what exchange gets the money if the longs are liquidated?

>>58277538
what site is this and what adress

>>58277538
the french poker player? he gambled big on crypto and got lucky. he is a gambler not a trader.

>>58280299
IF he didn't increase the margin ofc

>>58277538
i got liquidated cus this nigger wanted to open the same position as me. i just opened a short just so i can make money off (((them))) also liquidating him

>>58279998
>doge
>1m per day, or $173,000
>mcap $25 bil

>btc
>450 per day, or $30,000,000
>mcap $1.3 trillion

by this metric, doge/btc is undervalued by a factor of 3.75

>>58280101
KWABOTY

>>58281591
you forgot about the part where DOGE crashes back to 5b after a week

>>58281659
both are long-standing and beloved pow tokens. it's a simple fact that the only difference between them is the mcap/inflation ratio for btc is 3.75x worse than doge (and I'm using the post-having block reward for this analysis btw)

>>58280006
Did it arrive on time? Was your market prediction correct?

>>58281659
insane cope

>>58281659

This guy gets it.

Tesla just missed deliveries and is dumping hard. Also used teslas are the most deprecating asset in the history of automobiles. Elon is finished. Doge is finished.