/biz/ - Business & Finance

>>8785363
certain death

>>8785363
Its called meme lines, if you draw 1, you'll see that's the bottom people are trying to protect...

Washtrading

>>8785363

Was making little profits on the sideways action the past few hours then that happened, holy christ

Dump it

>>8785363
Bullish engulfing

testing. testing.

>>8785450
why would it matter ? its back sideways...

>>8785461
Engulfish bullying

>>8785469
Just took me by surprise. I made a nice profit longing the bottom

>>8785363
Thousands of morons bought into the bucketshop trading crap (Bitmex), and the market makers are snap-liquidating high leverage traders. I can't believe how people around here don't see what's happening.

>>8785496
why are they doing that? what is the benefit?

>>8785513
>Be broker with $100 million dollars
>Lay a contract (long) that someone buys, thinking price goes up (Moron A)
>Moron A does 50x leverage
>Drop the price 1.5%
>Lay a new contract (short) that someone buys, thinking price goes down (Moron B)
>Moron B does high leverage (50x)
>Sell BTC to quickly drop the price 0.5% to liquidate Moron A, taking all of their money. Since they are forced to buy, price rises swiftly
>Buy BTC to rise the price the remaining 0.5% not risen by Moron A's liquidation, liquidating moron B
>Repeat

This is happening so damn much that it's funny. This is done at all scales. If you are not a market maker (10's - 100's of millions) and you trade with leverage, you will lose.

>>8785601
In case it's not obvious from what I wrote, this is exactly what the Bart pattern "is". It's watching people gambling (leverage) and losing in real time.

>>8785617
So people's shattered hopes and dreams manifest as a Bart? Is this the meme endgame? I think we're in heaven

>>8785601
liquidation would benefit the lender to morons A and B, not the broker, am i wrong?

>>8785780
I used broker incorrectly. You're right. This is a profit situation for the lender on both edges. Only market makers are winning right now.

short squeeze made Volkswagen the richest company in the world in two das from 200€ to 1000€
bitcoin shorts at all time high
big players in the game waiting for more shorts to open.
Im all in

>>8785601
>realize that all 95% of price movements comes in huge pumps and dumps-- colloquially called "bart simpsons"
>find out where btc is trading, make limit orders with stop losses $100 above and below where it's trading and close 1% above or below where you bought in
>make money 99% of the time and always guess right because you're playing both sides
>faggots think this is bad

>>8785798
still having a hard time understanding. so lets say i pony up to bitmex for a BTC loan to short. are you saying bitmex, knowing i have a leveraged position, then manipulates the market to liquidate me?

aren't there some kind of legal barriers for exchanges to liquidate people they lend to?

is this a good moment to go 100x short?

>>8785848
>aren't there some kind of legal barriers for exchanges to liquidate people they lend to?

lol welcome to crypto.

>>8785848
absolutely priceless

>>8785848
just google or youtube 'spoofy bitcoin' and read and watch the vids. ...after a while a lightbulb will go on in your head figuring out the scam

>>8785363
getting a proper rogering
or
yo, u shit git fugged up nugget
or
pls sir, no sell sir. I have family need eat and clothed.
or
chin Chang chong bing bang bong buy tron

>>8785865
>>8785901
this still isnt adding up for me on a few levels. one, bitfinex would have wallets that can be monitored, so there would be evidence of this activity. is there any actual proof this is going on or are people just assuming?

second, long and short positions, and exchanges arent unique to crypto. does lender liquidation occur in the stock market as well?

third, how often does this actually benefit the exchange to liquidate? to liquidate a short, the exchange would have to buy many times the amount of collateral moron B put up to borrow his BTC. if the price dips after it artificially brought the price up by ordering deep into the book, the exchange would end up just holding bags. conversely, to liquidate moron B for his collateral, it would have to sell way under the current market price a great volume of BTC. moron A's collateral would be just a fraction of the value the exchange moved to push the price to liquidate one trader.

>>8785932
spoofing is about putting up false orders, the movements we are talking about are large actual sales that happen within minutes. a poster earlier mentioned stop loss, which seems more plausible, especially because it happens around even price points, like 6600

>>8785854
answer my question faggots

>>8786021
you're acting like these exchanges do on-chain transactions which is not true. you have no way of seeing their transactions.

Longest Bart formation I've ever seen.

>>8786156
if you gotta ask when to do a x100 short then stay the fuck out of it.
Protip: never, unless you hate money

>>8785841
delet this

>>8786021
How about this: Bitfinex's bank account was seized today.
Notice anything strange about BTC chart today?

>>8785848
>>8786021
It's a scam that's being going on as long as (at least) stocks have traded. It's the reason why the USA banned bucket shops, ultimately. The exchange makes money when anything is traded. They don't care how much money people make. The exchange doesn't care at all about liquidation.

Watch this: https://youtu.be/L7G0OfJUON8

>>8785363
>Eat my shorts

>>8786374
>perfection

>>8785363
brah bitcorn movements

this is not normal.

someone did something.

>>8786438
>>8786479

>>8785363
accumulation

we go sideways for a while, if you can catch a dip buy it:If you don't want to bother start buying over time.