/biz/ - Business & Finance

lost 0.26 btc today when the pump started.
Bitmex - never again.

>>8277260
I have no sympathy for someone who gambles money they need to live

>>8277322
me neither. lesson learnt: dont be a greedy mofo

>>8277322
This.
It's funny, I enjoy sports betting and I know of the appeal, the thrill, but so many people around here are playing slots and treating it like a serious investment

Fucking lol.

Im praying for you OP, but if its true youre literally a retard/degen that deserves to stay poor

>>8277260
>going all in on 100x leverage
a fool and their money are soon parted.

>>8277322
I have no sympathy for coinfags in general, unless they admit it's nothing more than gambling.

>>8277373
Yeh there's a house advantage for a reason. If it's rigged even a little you're going to lose long term.

>>8277507
Investments aren't gambling, retard. Shorting / longing on leverage is.

>>8277507
>investments are gambling

yeah margin trading is essentially gambling if you're not 150 iq number crunching lunatic, otherwise you're retarded

>>8277543
>Crypto
>Investing
Pick one.

Not going to lie friends, this is mildly depressing, drinking cheap scotch, dimly lit room, watching the last of my money that is riding on one red candle and boom, liquidated, got to be up at 8am tomorrow too...

I legit might just end myself if this goes wrong.

>>8277556
Nice wojack, I'm saving that one.

>>8277260
Why not just hold them, if you picked solid projects and just leave them instead of chasing pumps. In a year or two all the solid projects will probably be worth quite a bit. It's like two years ago, you could have put 10k into anything solid and had hundreds of thousands now.

>>8277566
just picked both, deal with it

>>8277650
Too late now friendo, I have been chasing for 2-3 years now.

You know you could come over to /smg/ and actually invest without having a mental breakdown every other day. You will be broke by the end of the day OP.

>>8277556
>crypto "INVESTMENTS"
If you didn't read the whitepaper, if you don't understand blockchain, if you have no tangible, conclusive reason to believe stocks will move in a way your strategy will pay off, it's not an investment. When I walk into a casino and put it all on red, that's not an investment.

>>8277669
Shit anon that is depressing af. I don't say this much but you should really just fucking HODL, you're obv shit at trading.

>>8277748
Yes anon, it is depressing. I get by on my shitty job but I can't stop thinking about the 4+ BTC I had, planned to travel the world for a year or two but the dream is gone now.

>>8277566
>If I keep spouting bullshit people will eventually think I'm right
jesus just fucking kys

>>8277708
but I did all of these things anon

>>8277875
Oh the irony. Stay poor degenerate gamblers.

>>8277901
Good for you, though I personally doubt that your reason to belief was all that tangible.
Anyways, OP doesn't sound like the guy that did do all that.

>longing
Oh boy

>>8277935
investing in risky volatile assets is still investing fucktard, even good portfolios for stocks have penny stocks in them, usually biomed

>>8277997
>investing in risky volatile assets is still investing
Jesus Christ you idiots are dumber than I thought. Trying to beat the market is laughable, if you're not living off of dividends you're doing it wrong.

>>8277260
Please man, don't do it.

what exactly did you do?

>>8277954
I'm actually going down the list of all the coins on cmc and reading every single whitepaper, I'm getting kind of obsessive. I think that anyone who has more than a grand into this shit should do the same and research a few hours every day. Otherwise it really is gambling. I'm comfortable with BTC going as low as 2k at this point

>>8278030
Living off dividends? You do realize that requires millions of dollars right fuckface? Of course that's optimal to putting my finger in shitfest markets like this one and I'll do that when I get there. But to not have a small portfolio in this emerging asset in CURRENT CENTURY is braindead fucking retarded, if it catches on it will actually be the new gold, not even joking. Use case as decentralized global trading platform alone makes crypto a 5 trillion marketcap alone

>>8278077
You don't need millions to live off of dividends. You may have to work part time to make a little more cash, but most of you fags refuse to work, so instead of taking your time and investing money slowly, you go all in on shit coins and most of you lose time and time again, but can't stop because you're addicted to gambling. Best part is you've convinced yourself it's investing and being responsible.

>>8278159
You need millions to live off dividends. Dividends from my current portfolio give me literal fucking shit faggot, I get more money staking shitcoins

>>8278186
Simply not true, but continue boom or busting. Thanks for the (you)s. Don't ever say that nobody tried to help you losers.

>>8278033
Most of the top 100 are shit and have no exposure. You're wasting your time reading white papers indiscriminately. Just think a little bit about protocol level ideas and then look for coins that fill super general roles. That will save you from reading at least 70 whitepapers for doa projects.

>>8278244
I'm building a stock portfolio too you dumb nigger, I'm telling you I cannot live off of it currenty, even if I were to dump everything from crypto into my portfolio.

>>8278244
Post some evidence. With which stocks can you live off dividends in addition to a shitjob for less than a $500k investment?

>>8277260
ouch i did the same thing after getting slaughtered by my alts and lost all my money shorting. Never going to bitmex ever again and going to try to do something with this 500 bux i have left

>>8277260

I came back to say sorry OP

>>8277260
rekt?

>>8278186
you need about 1 million, no?

>>8278404
probably, never did the math but its gotta be up there. I have a $4k portfolio I've been slowly building by adding a little bit every paycheck and the dividends are something like 10 dollars yearly

>>8278379
UNIT pays a 13% dividend you could easily pull that off with less than 500k. The point being you lazy fucks are going to have to work hard for awhile to build the capital to do this. If you honestly think your 10k shitcoin portfolio is going to take you to the moon, you're going to be disappointed. Get rich quick schemes rarely work.

>>8278030
>Living off dividends
This board is called /Biz/ not /HoldSomeShitAndHopeForTheBest/

What site do you yankees use since BitMex hates you?

>>8278520
You mean like what you're doing now with shitcoins?

>>8277322

The only certainty minimum wage cucking has is to die poor and alone after a miserable life.

Go for it OP. One one side there's a life of wonder, on the other a rope. Roll the fucking dice, you have nothing to lose and all to gain.

>>8278534
>Implying I'm holding coins
You can x3/x4 your portfolio off the stock market alone within a year easy, why the fuck would I risk it on some shitty coin you retard.

>>8278534
Got em

Fuck you cryptofag gamblers

>>8278588
Glad you're not holding shitcoins at least you're smart in that respect.

>>8277260

will someone explain to me how these margin calls work?

Is it that OP is rekt if BTC drops below $9495?

I am reading about margin calls on investopedia and looking at the FAQ on bitmex but I am still not exactly sure what the OP is saying. ty nons

>>8278647
Sound.

>>8277260
Jesus, you guys are retarded.

Literally, it would be more better if I made a business traded for you guys with 10% commission.
At least you guys would make a killing with me risking less.

But.... I am doing pretty good so far.

Will you livestream the suicide if you get liquidated?

>>8278677
>>8278647

nocoiners are not welcome here, missing out on one of the last few exponential bull runs pussies because it was "too wisky"

>>8278654

Hmm okay I think I've read enough on my own. Just to verify though, OP is betting that BTC won't drop below $9495? Hmm.. I'm clearly a noob on these margin calls but if so, that's a really stupid bet. Gl OP!

>>8278764
I look forward to your angry wojak and you suck starting a pistol when you lose everything. The adults are investing in stocks, you "wittle kids" can stay at the kids table.

>>8278654

It depends if he went Long or Short on leverage.

In this case he went long and only has enough collateral on margin to the pay the lenders @ 9495.

>>8278873
weak bait

>>8277260
hope you closed position

>>8279017
Nope, was going to close at 9900 but now I am bordering liquidation again.

>>8278883
Ahh, thanks. Makes sense. In I feel like that's going to hit in the next hour or so. Hope not though for OP's sake.

So it Bitmex restricted in US? Do Americans have a workaround or is it not worth messing with? Pretty fascinating but seems way too risky, way too much gambling in the already super volatile market.

>>8277824
same here dude, really, 2 years in, hit 140k, met Bitmex, all down to 10k. life still sad again

and...... liquidated.

It has been a pleasure gentlemen.

Not sure what the night holds for me but I can't handle this shit anymore.

>>8279028
RIP

remember you can always earn it back op. don't do anything rash

>>8279017
close it idiot. u r almost there.

>>8279028
I will give your wallet .25 btc if you stream your suicide on cam.. at least then your parents can pay for the funeral costs

>>8279051
Boned. Another cryptofag poofed.

>>8279028
>>8279051
bad time to be longing, should've done it yesterday before the pump. Live and learn i guess. I lost money too today

>>8277260
Hmmm. Where have I seen people like Bitmex users before?

>>8279051
>shorting the giant
play stupid games win stupid prizes

>>8279051
How high was the margain?

>>8279140
he was longing I believe

>>8279051
I'm sorry to hear that man. It may seem like the end but it's just the beginning. I worked at subway before I started my amazon account. About 8 months in and every month growing by 20-80%. Pic related. Give it a try, you'll be working for yourself in a far less stressful environment than being a crypto fag. Wish you the best.

>>8279047
it really is a trap, btc is too wild for leverage. Fucking bitmex i should've stayed on shitcoins

>>8279051
feel for u dude. looks like i just came there to liquidate you. back spike up. but stay away from this bitmex shit

>>8279180
hey. what do you sell, and how do you get it? fba?

>>8279180
What are you selling? Any tips?

>>8279051
What the fuck do you mean this is my "last chance". All you had to fucking do is wait for your shit coins to go back up. Worst case scenario you go back to 2 BTC and never trade again. BTC and crypto in general is going to trillions in mcap. Even if you all inned ETH you would have roughly 100k in 5-10 years. No its not muh lambo but it's better than losing every thing because you're down 75%. Guess what the market fell 75% and if you were in alts and sold at the wrong time you should be down 75%. You don't margin trade on 1-2 4h green candle what the fuck. I am genuinely triggered that your post isn't larp. I hope you get your shit together and learn from your dumb fuck mistakes.

>>8279245
>>8279260
Doesn't matter what I sell. Everything fucking sells with FBA. Find a mid demand low supply product. Send it in, make a listing and get yourself some passive income.

Don't sell books or video games like the other retarded sellers on amz, pick something unique.

Made 2x yesterday. Today I went down twice to almost investment level, but gradually climbed up and now is 1.9x up, or 0.1x below today's starting capital. Closed since I went to bed.

>>8279312
where do i source from?

>>8279051
aahahahahahahaha

>>8277260
WHy would you fucking gamble you're stupid shit before the second biggest bull market in crypto currency? You will not get another chance like this again with that shitty starting capital gain. It's prime time for coins with actual use to display the true value.

>>8279322
>Made 2x yesterday. Today I went down twice to almost investment level, but gradually climbed up and now is 1.9x up, or 0.1x below today's starting capital. Closed since I went to bed.

recurring gamblers wont make it. u post one day that u lost all

>>8279328
The Chinks or thailand

Shorters never win.

>>8279364
I know. All I need is one shit break, like completely unexpected bad news. I'm basically using pocket change compared to my holdings. Though in 2 days I've made more in % on this than 3 months of holding and occasional swing trades.

>>8279368
He went long

>>8279368
Longers get rekted just as much, dummy. The exchanges like Bitmex are so botted up now, and the market so fucked up, everyone is getting wiped out eventually, except maybe a small handful of cast iron ballers who can afford to fund longs from 10k.

The last couple of weeks, there has been a massive amount of shilling for Bitmex here, to draw in as many suckers as possible. I don't think it's the Bitmex employees doing it, but a chat rep said they monitor and post on twitter and reddit and elsewhere, so who knows? But what I see is people who have maybe $50 in their accounts at any time telling morons here to "come get rich!" and then laugh at them in trollchat. Between the botting and the pumping, I don't see how anyone would risk a dime over there without knowing what a complete crapshoot it is.

>shorters never win
>he was actually long
pic related guys, it's (You)

>>8279455
well, it's not impossible to make gains on margin trading. but you should have at least some idea of what you're doing

>>8279028
wait ... you longed at 9.6??

there were so many better opportunities, you really fucked up

keep trying you'll get it one day

>>8279542
Sure, eery flip of a coin is a winner and loser, eventually. And yes, you should know what the hell goes on over there, especially their problem of the site going tits up when traffic peaks on pumps and drops, a lot of suckers get wiped out when that happens.

I won't say making money is impossible there, I'm talking about the last couple of weeks, since Bitmex has been pumped harder here than pajeet coins.

>>8279602
The market is less random than a coinflip, anon. Illogical? Sometimes, but not random.

>>8279639
the higher the leverage the more it resembles a coin flip

Here it comes OP. Preemptive RIP in peace.

>>8279099
Damn funerals are gonna cost 2 million dollars next year?

>>8277566
>>>/out/

>>8279639
These days? I don't see anything to make me confident that putting money on the table is any less risky than a craps table. You do what you want with your money, I think places like Bitmex are far too risky for anything more than shits and giggles and play money.

>>8279728
That's true, but 100x is the dumbest shit anyone can do if they're not rich and can afford to gamble. 50x is pushing it, but within small margins and somewhat close stop losses is acceptable. I personally use 25x, but I sell at 20-50% range depending on the Market mood and development, while stopping losses at 7-15% roe range. So far I've only fucked up twice out of 17 trades. It's basically an exaggerated form of my day trading strats.

>>8277260
close it now dude , NOW

>>8279978
he's already liquidated

>>8279987
what post bro? thanks

>>8279051
>and...... liquidated.

OP was not lying.
https://twitter.com/BitmexRekt/status/973011882952019968

>>8280144
ULTRA KEK

>>8277260
>>8279051
hope this is larp

I lost 1 bitcorn in the morning in a shitty short on that fucking pump from 8.3 to 9.5, fuck my life, im on a short rn trying to make it back.

>>8280195
>im on a short rn trying to make it back.
You're shorting a resistance which is much better than your previous choice of shorting a support.

>>8280144
>>8280185

I wish brother.

I sold all my alts like LINK to go all in on it.

>>8279312
I've been trying to find a perfect product for months.

Should I just start with a product that seems decent instead of wasting more time trying to find something that meets 100% of my needs/requirements?

>>8280225
it was a bear flag and it looked like it was breaking down, oh well thats what i get for not putting on a stop.

Might just quit my job and get as much credit from the bank I can and go on a trip to some cheap countries, maybe SE Asia or some Euro places then when I run out of money just end it.

I'm drunk as fuck at this point tho, might just go for a walk with the rest of this bottle and see where the night ends, hopefully me standing on top of a bridge.

>>8280265
For fuck's sake, OP. Don't be an ass. You made some dumb fucking mistakes with your money, but you can still earn it back (earn = at a job, not by daytrading funbux).

Think about how your mother would react to your death.

>>8280265
in all seriousness, if you're not LARPING, there is love in this world, it'll work out

You're going LONG r-r-right?

>>8277260
WISH I COULD TURN BACK TIEM

>>8280265
If you have that little left to lose, go for it. Go backpack Europe, and sponge off college kids. I know someone who camped across Europe with a Eurail pass, a tent, and a backpack, stayed in hostels when he could, camped in parks the rest of the time. He had a blast. He ended up in New Zealand somehow (the story is kind of confusing) where he met a girl, and lives there now working in her parent's store.

When you have nothing to lose, fuck it. Go do something, where at least you'll get some stories. If you can survive wandering the globe, you can survive anything.

Just to illustrate what an utter greedy idiot OP was:

At 5:15 PM the price was 9600, he went long at 10x leverage.
Over the next hour the price climbed to 9700.
If he withdrew at this point he would have DOUBLED his money.
The price then fast-crashed to 9500 and liquidated him.

At just what point was this guy planning to take his gains? Tripled money? Quintupled? Decupled???

Learn from OP's lesson. Don't be so greedy.

>>8280252
Yes, you wouldn't believe the things that sell here/ Whatever you do make sure it's something that you won't be burried by 20-50 other sellers with 100s of reviews. You want to be somewhat close to top page off the bat.

>>8280429
that's not how it works friendo, with 10x leverage he would gain 10%
You're talking about 100x

>>8280489
Ah indeed that was a mistake -- I should have said 100x

>>8280429
I used .100 BTC 50x leverage liquidation 100 bucks more safe lower, BTC rode down 1.5k on a short. I got a measly fucking .01 extra.

Shorting and longing pays FUCK ALL

>>8280542
that....doesnt make sense

OP this morning:

"Gimme another 20k, I know what I'm doing."

>>8279171
shouldn't have went 100x leverage then kekk

OP now:

Bitmex: "fuck you, pay me!"

>>8280542
I always thought 10x actually meant, you bet 1k btc goes down 1k and you gain 10k. But going by the trade logs people post on here the gains are measly.

I have seen many people having to bet 20 btc on a 50x and gain 3-5 btc after it dropped 1-2k.

>>8280470
Does the source matter much? For example, could I order off of Alibaba and then send the supply to Amazon and let them do the rest?

>>8280673
btc is 10k and you have 1 btc, you use 10x leverage to buy 10btc worth of contracts (100k), if it goes to 9k you make 1btc

50x+ leverage is basically pure gambling

There's a huge likelihood that volatility will liquidate you.

What's with the influx of nocoiners? I thought they all left months ago.

>>8279051
Don’t give up anon