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/biz/ - Business & Finance

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8294587 No.8294587 [Reply] [Original]

Daily reminder:

Bitfinex and Bitmex are the ones moving the price. They do this to liquidate high value margin accounts.

This is literally the only reason the price moves at all.

>> No.8294790

Too many autists longing and shorting these days and bitcoin will remain stagnant

>> No.8294827

Daily reminder that you only really need to hold a few btc and risk 1-2 depending on leverage to get a several 100k position.

U dumb if you think when you see a 500k rekt they actually spent 500k

500k divided by 100 equals what you mathematicians?

>> No.8294829

>>8294790
Yeah the normal volume is all uptrend and then you randomly get giant 5000 btc dumps

>> No.8294844

>>8294790
If i'm an exchange and some absolute madman wants to try and 50x long his $5mil and I have the power to move the whole market down he is going to get crushed.

Every. Single. Time.

>> No.8295258
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8295258

>>8294587
Bitmex is a fucking digital casino i've been messing with over the last couple of weeks. I don't think the manipulation is as big of a deal as they think, its just a lot of fomo similar to what >>8294827 said.

If you practice really good risk management and just ride the trend you can make easy money.

>> No.8295322

>>8295258
>Easy
Riiiight. More like feasible.

>> No.8295357

>>8294587
Its time to wake up and realise the market is dead.
There is no logic involved anymore.

>> No.8295367

>>8295258
Come back and tell us your story when you are broke.

:^)

>> No.8295382

Okex is the only one that really matters. So much that the plebs don't even know it exists, only whales trade there

>> No.8295401

>>8295367
made 2 mil on bitmex in 6 months, mad? go make me some coffee on your 10$/hr starbucks wage while I scoop 8000$ every day

>> No.8295404

>>8295382
You mean Botx?

>> No.8295427

>>8294587
Bitmex is not an exchange. Literally. Fucking newfags.

>> No.8295438

>>8295404
Okex has a spot and futures. spot is botville, futures are real

>> No.8295491

>>8294587
Daily reminder you're a noob who shouldn't be leverage trading in the first place.

>> No.8296047

>>8295427
Yeah there is noooo way they could be shadow partnered with the market maker exchanges like bitfinex and GDAX to completely hustle you retarded degenerate margin traders.

hehehe

>> No.8296143
File: 14 KB, 2262x89, Capture.png [View same] [iqdb] [saucenao] [google]
8296143

even a noob like me can make some money of bitmex, just don't go 50x