/biz/ - Business & Finance

>Still $10.5k...

>tfw all in on LINK so it don't matta none

FUCK YOU
WAT DOES THIS CREEPY IDIOT SAY??
DOESNT EVEN NOW HOW BLOCKCHAIN TECHNOLOGY WORKS MAYBE YOU SHOULD LEARN WHAT A BITCOIN IS BEFORE YOU OPEN YOU STUPID MOUTH
BANKS IS SCARED AND CRYPTO WILL BE WORTH MILLIONS IN 2019
IDIOT YOU NOW NOTHING !!!!

>>7773176
this. nothing is happening

>>7773204
exactly

>>7773142
soon my friend soon

>>7773204
>>7773218
hello brothers

>>7773207
I've been into Bitcoin since 2013, so get the FUCK out of here with that bullshit.

Just because I continued to make money last month shorting while you lost 70% of your portfolio, doesn't mean you need to get rattled.

zcl didn't go down at all on todays dip. as long as btc doesn't totally crash i'm comfy there holding my place waiting for the moons. and with (yes i know its basically a meme at this point) firm support at 10k i'll have some time to pull out if it does go down with btc.

>>7773304
This will continue to dump. Have fun with your ZCL then. I'm sure you were holding ZCL all of January too while losing more than 50% of your portfolio.

>>7773176
It's not 10.5K. About 10.35 right now.

>>7773266
I BEEN IN BITCOIN SINCE 2009 AND MY DAD WORKS FOR BITCOIN SO GET FUCKED RETARD

>>7773343
no i bought yesterday
i should have bought sooner oh well
it's forking in 10 days and before that i'm expecting an exchange to announce support which will moon it more so it's not priced in yet. if btc crashes it will happen slow enough, with zcl lagging behind, to give me time to pull out. i've set my coin alarms. i don't want to miss out on an important announcement and have the coin moon without me.

We are winning!

kek

You're too early to celebrate, brainlets, we're going to moon again

>>7773689
who even knows anymore, it could do literally anything

There are people on biz right now that only know how to make money in a bull market
There are people on biz right now that don't know you can "Tether up/Cash out" without touching Tether or USD to avoid taxes on each trades.

Ok I'll throw you guys a bone, here is how it's done.

1/3

>>7773887
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

Now here are my advices if you want to stay safe, and if you don't want to use Tether

0. x100 leverage is pure gamble I can not stress this enough, 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.

>>7773887
inb4 he shills his bitmex referral
I'll shill mine first: https://www.bitmex.com/register/hDKUN3

>>7773920
fucking europoor internet

>>7773887
>>7773898
>>7773911
>>7773920
>There are people on biz right now
...who are getting absolutely shafted by over leveraged trading on BitMex
https://twitter.com/BitmexRekt

>>7773898
>Leveraged trading
>Lost some money versus losing everything

>>7773911
can you make a youtube video? I know its a lot to ask for

>>7774046
If I told you how much I had lost to liquidation on Bitmex in the past 7 days, you'd laugh your ass off at me
>hint - it's enough to buy a very nice car
I'm a degenerate fucking gambling addict. Hitting it big in crypto is the worst thing that ever happened to me cos I'm gonna piss it all away and then kill myself

>>7774176
man dont kill yourself, show people how to be wealthy like you. you have alot to offer

>>7774176
i know that feel all too well, i'm the same but way worse.

>>7773207
>>7773207
>that formatting, English and cruise control
t. pajeet

>>7773911
>>7773898
>>7773887
You sure shill that ref link a lot.

>>7773898
I’m gonna try these techniques but I’m not going to use your referral, thanks.

Also, did anyone expect BTC NOT to correct? Literally who is surprised by this? People have been saying we were due for a retraction eventually when it started accelerating from 8k