/biz/ - Business & Finance

>>7553419
don't sell at a loss

>>7553419
If you are so consistent do the opposite of what you think you should

Bogpill yourself. You've been targeted

>>7553419
I'm in the same boat. Why even live?

>>7553497
But what if you bought at 16k.

>>7553572

You hold...

>>7553419
There is no hope. Many will make it, but it won't be us.

Someone has to lose for someone else to win.

>>7553572
You swing trade to slowly make up for your losses.

Just do the opposite of what your mind told you

>>7553419

>>7553572
do this
>>7553586
not this
>>7553602

Swing trading could make you recover faster but could also fuck you up and based on your apparent history, fuck you up is what would happen.

>>7553419
same, i just can't get anything right :(

>>7553419
Start selling again so we can make money.

>>7553419
Bogdanoff is monitoring every single /biz/let. It is useless to resist.

>>7553851
based bog working my finances into a shoot

Mr. Bogdanoff, please allow it to hit 7k again. I missed that lil' dip.

>>7553586
Did you not read my fucking post?
I HODL'd my stack right down the fucking toilet this whole fucking month. Nothing I do works

>>7553419
We need people like you. You are the lifeblood of crypto trading. Dont ever change.

>>7553603
But what if his mind tells him to do that?

>>7553419
>he thought hodling was just a meme
the whale fudders got to you again

Europe, saving the day again.

>>7553419
Ever considered just forgetting about it for a month or so? I have deleted my trading platform from my phone.

>>7553419
You fell for the shorting meme dude do your own fucking research the us gov said this market has the potential to grow up to 20 trillion by 2020 we are at half a trillion stop falling for biz memes do your own research and trust yourself jave some fucking self worth for gods sake

>>7553419
currently u seem to be always wrong.
try to open sell and buy position at the same time, you should be correct atleast 50% of the time then.

Pigs get slaughtered.
Such is the way.

>>7553497
stupidest advice ever

the #1 mistake new investors make is they hold on to their losers too much

the #2 mistake new investors make is they cash out their gains too quickly

People are more concerned with "not taking a loss" and "locking in gains" that they ironically take huge losses and make little gains

So you should cut your losses quickly and wait to lock in gains.

I've held some of my Bitcoins from when they were $0.85

>>7554093
You dont understand. 2017 was a crazy year, if you enter the game believing to make 200% gains every 2 days you deserve to lose your money. You cant invest in crypto if you cant hold for a few months.

>>7553419
In situations like this your can make more money when BTC crashing than you can chasing moon missions if you know what you're doing, just by trading BTC, no need to touch altcoins.
Why are you missing out on these gains? BitMEX (the "mex" stands for Mercatile Exchange) is the only crypto exchange in the world that offers 100X leverage (but it's not because you can that you must, go small and work your way up).
Let me explain what this means. So lets say you were to have shorted (placed a sell order) for BTC at $10 000. Let's also say you only have .1 BTC to trade with, or $1 000 worth. With .1 BTC at x10 leverage you can sell 1 BTC. Then for every dollar BTC goes down, your position is worth $1 more. Say BTC goes to $8 000, if you close your position you then get the difference which is $2 000 in profit paid to you in BTC, that's a 200% profit
I would suggest you learn TA before you start trading. You can train using their testnet (free).
You want a moon mission? BitMEX is your moon mission.
Euros and others can sign up but US users are banned (just sign up with a proxy and then you can login from a US IP with no questions asked). If you're going to sign up use my reference code, using a reference code gives you a %10 discount in fees. May not sound like much but it's saved me hundred of dollars in the past weeks: https://www.bitmex.com/register/toYHiE

- Interface is amazing with professional grade advanced order types
- Liquidity it offers is completely unmatched, it's the biggest exchange volume wise: https://coinmarketcap.com/exchanges/volume/24-hour/no-fees/
- BTC deposits take less than 10 minutes: just 1 confirmation from the network needed
- Never down, no shady flash crashes caused by website being down like Poloniex does

>>7554093
>>7554899
0. x100 leverage is pure gamble I can not stress this enought, use lower leverage

1. Read the docs and make sure you understand exactly how the contracts work (both futures and swap), profit/loss calculation and how liquidation works. Make sure you understand the difference between mark price and index price.

2. x1 shorts are way to cash out without using the Tether time bomb or Fiat:
Say you have 1 BTC which is worth 10 000$ at a given time in bear market and you think it's doing to dip further you short sell 10 000$ worth of contracts which will cost 1 BTC
A few months latter BTC @ 5 000$ and is bullish again, you decide to go long again so you buy back/close your short position you still have 10 000$ worth of contracts so you have now 2 BTC.
You can even get paid funding rates for holding your position + makers fee for going short
https://www.bitmex.com/app/perpetualContractsGuide#funding
If you're "cashing out" long term and you don't want to pay funding fees use futures contracts (XBTH18, XBTM18) not the swap contract (XBTUSD)

3. The interface may seem a bit complex to some, don't let that discourage you, it has very advanced order types and you can practive with testnet BTC (get some from a faucet) on bitmex's testnet.
Make some trades on the testnet to confirm your understanding of the contracts and the site in general.

4. I prefer trading on Cross. It's very important to not trade too many contracts, I trade 1 contract at a time. I strongly recommend not to trade so many contracts that your are more than 2x leveraged. Ideally less than 1x, at least in the beginning.

5. Don't forget to set a stop loss, plan your trades and trade your plans.

Trading with above x5 leverage is a lot harder than most people think. By far most traders on there lose money because they use too much leverage, those that trade with x100 leverage lose all their money, so don't use that.

>>7554821
Its fucking stupid seriously if you have no patience. I remember starting 2017 buying some bitcoins to wait a few months, and i turn like 60 dollars in 200, then 400 it was incredible, then i sold it. I can't imagine those who sold for millions. Then september came and i felt stupid, i realize it's not a matter of simply weeks or month, if you want to profit from crypto you have to anticipate for years in advance. You want make a million in 2 months. but in 5 years ? Or 10 ?

>>7553596
Bruh.. That's deep.

Because the market is 80% ran by bots playing a perpetual game of keep away from the humans.

Holding is (unironically) truly the only way to make it in crypto. If you're still holding, keep in mind that you're the minority. The majority who got into crypto late 2017 have already panic sold at losses, but you're still holding.

>>7554739
>buys bitcoin on december 1
gee, I wish I would have locked my gains
>buys bitcoin on feb 05
gee, I wish I would have cut my losses

>>7555872
Everyone who panic sold in the last month would be in a better position rn unless they sold at 6k

>>7553419

Fucking. Hold.
Is that SO DIFFICULT?

>>7556052
>tfw my bot gave them an offer they can't refuse