[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 201 KB, 470x595, debiru pepe.jpg [View same] [iqdb] [saucenao] [google]
7635676 No.7635676 [Reply] [Original]

just opened a 30x short on BTC. AMA

>> No.7635684

>>7635676
Proof.

>> No.7635711

thats stupid af...china and europe are incoming

>> No.7635712

You will be duly liquidated, you degenerate gambler.

>> No.7635719

Liquidation price?

>> No.7635747

>>7635711
good point. just went all in on tether

>> No.7635789

REKT

>> No.7635801

>>7635719
about 9050

>> No.7635803

>>7635676
When do you liquidated?

>> No.7635824

>>7635801
Interesting. Do you see that ascending triangle at 9k?

>> No.7635827

>>7635803
9050

>> No.7635845

>>7635824
I made my decision after reading actual tea leaves. I'm ages ahead of using primitive techniques like TA

>> No.7635863

>>7635676
please dont get JUST'd

>> No.7635872

>>7635845
kek. nice. I'd be surprised if it doesn't break 9k just so bullcucks can finally be satisfied before we plunge to 4k. Good luck bud

>> No.7635923
File: 32 KB, 658x662, 1518381360633.png [View same] [iqdb] [saucenao] [google]
7635923

>>7635676
I shorted at 8.7 and I'm not having fun anymore

>> No.7635961

>>7635676
some is about to get justed pretty hard i hope your anus is ready

>> No.7635978

>>7635961
someone*

>> No.7636028

>>7635676
What exchange?

>> No.7636029

shorts scare me lately because everybody expects them so i just long these shakeouts

>> No.7636092

You will be liquidated tonight, I hope you learn your lesson. I will personally see to hit that we hit 9050 tonight, on the phone now with some other whales.

>> No.7636101
File: 91 KB, 900x900, IMG_7095.jpg [View same] [iqdb] [saucenao] [google]
7636101

If anyone wants to be a madman like OP you should use my referral code to get a 10% discount off fees on BitMEX.
https://www.bitmex.com/register/SVU1C1
Remember to use limit orders to avoid paying fees at all. If you use limit orders you actually get PAID .025% when opening a position and if you manually close your position you get paid an additional .025% on close. Those .025% payouts are on your total contracts so say you use 100X on $1000 of BTC to buy $100000 worth of BTC, you would make $50 just for buying and selling at the exact same entry point. I do this for fun sometimes just to make a little extra money.

>> No.7636116
File: 32 KB, 400x400, 1493124871295.jpg [View same] [iqdb] [saucenao] [google]
7636116

You do realize that bear markets are prone to jump 100 points from like 5-10BTC purchases right?

>> No.7636136
File: 130 KB, 511x308, rek.png [View same] [iqdb] [saucenao] [google]
7636136

im watching
HOW MUCH VOLUM?

>> No.7636221

close it soon

>> No.7636229
File: 84 KB, 981x551, IMG_7400.jpg [View same] [iqdb] [saucenao] [google]
7636229

>>7636101
See pic related to see what I'm talking about with the limit orders
>>7636116
Not on GDAX or BitStamp which is where BitMEX's mark price is based off of.

>> No.7636238

>>7635676

Why do you hate money?

>> No.7636286

>>7635676
hello - can someone help me with how I start taking short positions. what website do you use? I currently have a E-Trade options house account I need to trade some options on. can I short things like.gbtc there?

what are your capital requirements like?

>> No.7636299

>>7636229
i've been trading for a few days using only market buy and sell and never seem to get what the ROE says. could this be why?

>> No.7636386

>>7635845
larp

>> No.7636390

>>7636299
>>7636286
>>7636238
Liquidated short on XBTUSD: Buy 3,100 @ 8834.5

>> No.7636445

>>7636092
thanks anon, bless your larping heart

>> No.7636468

>>7636390
if thats him thats only $110

>> No.7636483
File: 443 KB, 480x238, 1518538088084.gif [View same] [iqdb] [saucenao] [google]
7636483

>>7636286
god I don't want to take this bait, but here I am anyway

>> No.7636485

>>7636299
Yes. It's exactly why. Especially if you're trading on a high margin.

>> No.7636521

>>7636286
See >>7636101 for how you can margin trade BTC. If you're an American just use a free proxy service to sign up and then they don't care if you use a US IP.

>> No.7636560

>>7636485
damn yeah i've been using 50x. guess i have to go in with targets because i'm way too slow to call it in the moment

>> No.7636591

u pajeet

>> No.7636597

>>7636560
It's hard to use limit orders. If nothing else use market for your entry and then try to use a limit order to close. You'll be paying about 1/3 of your current fees that way.

>> No.7636628

>>7636286
sign up for interactive brokers

$50,000 margin to short, $40,000 maintenance

but it's only like 44% or something to go long

>> No.7636653

>>7636628
look up GXBT and BRR to trade futures on Bitcoin

I'm long 2 contracts BRR Mar 29 expiration (that's 10 bitcoin total) @ 8k

>> No.7636667
File: 61 KB, 1000x800, 902.jpg [View same] [iqdb] [saucenao] [google]
7636667

>>7636597
appreciate the heads up

>> No.7636688
File: 42 KB, 437x501, 1517965468299.jpg [View same] [iqdb] [saucenao] [google]
7636688

>>7636597
Half the time when I try to use limit the book shifts $10 immediately and it ends up being a market order

>> No.7636744
File: 1.56 MB, 540x501, 1514478779562.gif [View same] [iqdb] [saucenao] [google]
7636744

>>7635676
we wait

>> No.7636804

>>7636628
great thanks I'll.check out interactive brokers. I can put 50k in there but does that mean I have to open a 50k size short positions? I really only want to open about 5k$ short positions (so essentially I don't want risk getting liquidated for more than like 5k) is this possible?

>> No.7636902

>>7636688
You have to be disciplined and not FOMO in if you're going to use limit orders

>> No.7636937

>>7636286
Bitmex is the simplest and easiest. No verification or minimum deposit. Takes a while to get used to, but there's a paper trading mode you can try.

>> No.7637081

>>7636902
I don't do it that often and I use a reasonable leverage so fees aren't that big for me

>> No.7637128

>>7636804
you need to deposit $50,000 so they let you short at all

then you can sell 1 GXBT (if you have -1 BTC that's considered a short position) contract for some expiration at say $8800

you go back and set a limit buy order at $13800 so you "liquidate" yourself at a $5000 loss

>> No.7637326

>>7636937
Whats stopping me from using bitmex x100 margin from a vpn, and just bailing if btc goes opposite way?

>> No.7637438

>>7637128
ahhhh I see. thanks based anon. Im going to do this.

>> No.7637478

>>7637326
Nothing is. Use my referral lol

>> No.7637505
File: 13 KB, 399x400, 1513205211825.jpg [View same] [iqdb] [saucenao] [google]
7637505

>>7637326

>> No.7637525

>>7637478
So i could go naked either way just with 0.1btc, and bail without funding the loss based on limit

>> No.7637680

>>7637525
yeah its super easy i do it all the time

>> No.7637784
File: 51 KB, 310x439, 1518469873883.jpg [View same] [iqdb] [saucenao] [google]
7637784

>>7637680
Are you pulling my nipples