/biz/ - Business & Finance

I love that domino effect

>>8687543
SHORTING IS FOR NORMIES

YOU ARE NOT GEORGE SOROS

damn

Can someone explain what liquidated short: buy 4.4M @ 6718 means? Does that mean some person actually lost 4.4M because their short got liquidated?

>>8687543
>that half million rekt

Why would you short that much this low?

hoooooo

>>8687646
yes, not everybody is poor as you are

>>8687659
Half million? Did you not see the dude with 4.4 million? Even at 100x that’s a lot of money.

>>8687543
>>8687563
What faggotry

>>8687684
I didn't notice until after I posted.

>>8687693
gas yourself peep

>>8687677
Wow I can’t imagine losing that much in a couple of minutes

>>8687646
No, they lost whatever their own equity was. You can trade 4,4M contracts with 44k of your own money if you use 100x leverage and that's the smallest loss.

>seriously shorting when shorts are at ATH and every normie is getting in on it
Ay caramba

What does it mean when you get liquidated

>>8687646
he lost 44k min with 100x leverage.
6718 was his liquidation price.

wow just wow... Talk about market manipulation. The seismic wave of that dildo was felt across all exchanges. Here GDAX reporting in

>>8687646
That's how many contacts they lost but not actual money, it depends on what leverage they were using, if it's 100 divide that number by 100 and so on to see how much they actually lost

>>8687543
EASTER SUNDAY
BTC HAS RISEN

>>8687741
Means whatever money you put into your margin goes poof

>>8687543
Who taught those fuckers how to trade? Why would they short when 4h bullish divergence was forming?

>>8687741
in short you're fucked bye bye haram money
pic related your face

>>8687742
>6718 was his liquidation price.
What leverage was he using with such low liquidation price?
$90k x50? Is he fucking madman?

>>8687813
not too crazy given the last 10 fucking days of decline

>>8687775
>Mexicans
>trading

>>8687835
>absolute state of creme

>>8687765
I don't understand what "liquidated short" means. ie
>liquidated short: buy 4.4M @ 6718

So ignoring margin, if you are short selling what does this mean? He borrowed at 6718/?

>>8687871
HIS MONEY WAS GONE WHEN THE PRICE HIT 6718.

HE SHORTED AND HAD HIS LIQUIDATION TOO LOW/ TOO HIGH LEVERAGE.

J U S T
U
S
T

>>8687543
delicious, nothing makes me harder than bearcucks getting rekt.

fresh

>>8687871
Its literally what stands there.
His colleteral got wiped off at 6718, so he got liquidated.
Bitmex takes profit though.

>>8687940
Does this nigger have a script connected to his twitter for this?

>>8688017
no, he watches bitmex all day and writes each post personally.

>>8688017
yes, here is his script
https://github.com/LittleLightLittleFire/REKT

>>8688049
lmao

>>8688017
No he types it all..

>>8688017
>the absolute state of creme posters

>>8688049
>>8688073
Jokes on him when the SEC and IRS rape him

>>8687543
Nigga I just found out bout dis short ding after getting fucked by BCC n Davor Coin so i had to make ma money back ya feel me

>all those threads on biz telling you bitcoin going sub 6000 and encouraging shorting.
Tell me you didn't put any short with liquidation under 7000

>>8688088
>Falling for this obvious false flag by a chocolate poster

>>8687543
where were you when you realized that the purpose of that price increase in btc over the last hour was to liquidate shorts?

>>8688252
i was here calling chocolate posters niggers

>>8688282
this to be honest my nigga

>>8687543
lol

>If an investor or trader holds a long position, the liquidation margin is equal to what the investor or trader would retain if the position were closed.

>If an investor or trader has a short position, the liquidation margin is equal to what the investor or trader would owe to purchase the stock or other trading instrument. When the equity of a margin account falls below the liquidation margin level requirement, the broker may automatically close any open positions in the account.

Can anyone translate this shit into something comprehensible

>>8688776
1x short is selling.
1x long is buying.

>>8688815
I understand the concepts of long and short but not in the context of margins and liquidation.

>If an investor or trader holds a long position, the liquidation margin is equal to what the investor or trader would retain if the position were closed.

So if the trader had $100 worth of stock out of pocket and $100 on margin, what is the liquidation margin?

>>8688926
ok, i'll explain it.

you have 100$. you can buy 100$ worth of shitcoins. this is basically going long at 1x leverage.

now, you have 100$ but you like to gamble. so you buy 10k$ worth of shitcoins.
>"b-b-but i only have 100$..."
exactly, so you can only cover a loss of 1% of the shitcoin's value. if the shitcoin goes down 1%, you lose your margin of 100$, aka you get liquidated.

you can apply the same reasoning to shorts, but the main difference is that if you long at 1x leverage (aka simply buy a shitcoin) you get liquidated at 0$, aka never, while if you short a shitcoin at 1x leverage, then you get liquidated once the shitcoin mooned 2x since you short

>>8689093
dont tell minis, they never learn

Get fucked shorters. Must be rainy in shortsville.

>>8689093
Since bitmex uses inverse contracts longs can get liquidated at 1x leverage. 1x is effectively 2x.

>>8689168
i fucking hate minis i swear to god

Why does /biz/ have the best memes? Took a look at /a/, /pol/ and /v/ and their team memes are shit tier

>>8689216
Hey now. We're all a big family (except for the kikes).

>>8689216
older audience pol was fun before massive influx of redditors now it's just 13 old edgy kids

>>8689216
because clever rich chads invest in crypto and have the best memes

>>8689208
i don't use bitmex, sry

Wo

>>8688107
for..?

Idiots...what are they even basing their trades from? Easy to tell that a quick pump was on its way to empty their pockets.

>>8690561
probably this you stupid bitch

So what keeps Bitmex from using some personal accounts to pump or dump the price with maximal liquidation in mind?
If they wanted they could even make a bot that calculates the perfect timing for doing so, obviously its kind of sketchy

fuck i love 50x shorting, gives me such a hardon

>>8687714
how do we know what leverage they used?

>>8691107
They make a lot already on stupid traders. They don't need to do anything complicated to make more.