/biz/ - Business & Finance

>>9594712
J U S T

>>9594712
short the bottom and long the top

gj OP

yikes

If not larping...I really don't understand you bottom sellers. You've spent the last few days watching BTC dive but and didn't decide to react until 7280? Sell early or ride the storm. Fucking commit.

Lucky for you, $7280 isn't anywhere near the bottom. That said, you might get fucked by this deadcat, which could potentially go slightly over $7600, depending on your liq price.

>>9594712
shorting this year is lke longing last year, as long you're not overleveraged and if you hold it down, you should be fine

>>9594712
>Shorting a gigantic red dildo

Well done OP!

>>9594712
you're fine. a bit fucking late but fine
you better close at around 7100-6900 tho
next time don't wait so long like a retard

>>9594792
i'm just starting to buy now... i think this is just a lull before an other bullrun it can happen within a year or 3 years i can wait. a countries central bank will get it's monetary system utterly fucked sooner or later again and then bitcoin will be hot shit again for a few months.

>>9594712
Why would you short just before the final biggest bullrun in Bitcoins lifetime?

>>9594857
btw i'm betting on italy next

>>9594712
>closed previous short at 8k
>shorted at 7350
uh uh uh ohhh
AAAAAHH

>>9594874
they will get kicked off the euro (basically nobody will accept italian euros on face value not in transactions or bills) for being unreasonable trolling assholes that don't payn denbts and they will try to switch to a new currency which will immediately fall into a hyperinflation spiral.

>>9594894
>pink ID
looks like I'm fine, real bottom is 6800-7000.

>>9594712
>4hr RSI bellow 30..

WHY?

You will fine
Long weekend
Institutional investors are here
Bad news is starting to pump out
It seems like they cornered the market and now there going after trading platforms.
Only platform will have to be like a brokerage house.
Then the miners put them in a recession
They will control this by bringing the price down
Like the stock market when it first started.

>>9595112
for how long?

>>9594792
when is early though

first time i actually thought about selling was this week

>>9595112
the coordinated fud these days is unreal.
did you see all the compliance warnings given to exchanges lately?

>An "international crackdown" on cryptocurrency scams was launched Monday by a group of securities regulators in Canada and the United States.
https://www.coindesk.com/us-canadian-regulators-launch-dozens-crypto-scam-probes/

https://cointelegraph.com/news/singapore-fires-compliance-warning-at-8-crypto-exchanges-orders-an-ico-to-halt-sales

>>9595112
also:
>“The actions announced today are just the tip of the iceberg.”
http://www.nasaa.org/45121/state-and-provincial-securities-regulators-conduct-coordinated-international-crypto-crackdown-2/

besides the scam ico's being given cease and desists
Binance
bitflyer
bitstamp
bittrex
circle
coinbase
gemini
huobi
and a bunch of other who's are all being demanded information

Fud is unreal

>>9595297
>and a bunch of other who's are all being demanded information
scary. i bet all the chink based exchanges are shitting their pants all over the place.

>>9595956
>The Investor Protection Bureau of the Office of the New York State Attorney General
alrighty then. they have jurisdiction all over the world after all. i can tell these mails will be answered.

>>9594727
Obama's looking a lot better these days.

>>9594792

7200 isn't the bottom though. We're just treading water before we head down to test 5k.

>>9596003
Not happening.

>>9595956
>chink exchanges don't care
https://cointelegraph.com/news/singapore-fires-compliance-warning-at-8-crypto-exchanges-orders-an-ico-to-halt-sales

anyway, you're missing the point dude.
not saying it makes a difference just pointing out that the bad news is coordinated and international
is it likely that that type of news just pumps all of crypto, over a long weekend?

>>9596122
Great bull run of December was 6 months ago. This shit you're pointing out is just boomers reacting late. Took them 6 months to figure shit out. We're gonna be fine, we always have.

>>9594712
On what exchange are you guys doing that?

Anyone cares to explain i want to lose coins too

>>9594934
>Venus in the 10th house...
WHY?!

>>9596054
i'm with this anon sub 7000 i can see sub 6500 only for a split second tops

tried hedging my downside a little by shorting at 50x leverage (entry at 7350 iirc) with lunch money today, and got liquidated at 7540 because of that gigantic anus breaching dildo
JUST

>>9594712

I know that feel bro, shorted at $7325 myself today. Closed trade with 5% loss.

>>9596173
not at all worried anon,
anyway the amount of huge orders waiting at 7100 and 6900 is fucking impressive. looking for the bounce there.
definitely time to start buying back in.

>>9594712
How many threads do you expect me to post in? The floor is 6750.

>>9596358
>muh triple bottom
you better start placing orders in front of that.

What site is best for margin trading?

>>9596571
bitmex. don't go spastic tier margin tho
bitfinex is alright but now you need to deposit 10k before you can trade iirc.

>>9596629
Thanks, I'll try with Bitmex

>>9596629
>>9596704
You can do up to x3 leverage or something with bitfinex under a thousand dollars. Bitmex is a scammy exchange and will liquidate your margins, stay away

>>9596283
when you are shorting at an exchange you are playing poker by showing your cards to the opponent but not seeing his.

>>9596746
50x is spastic-tier gambler
and good luck with the front running going on on with that Bitmex trading-arm...
https://medium.com/@mattcollburner/bitmex-insiders-caught-in-a-web-of-lies-6d9b90baa693

shorting resistance/ longing support with a risky 5x can be rewarding.
3x very hard to get liquidated, 10x ballsy as fuck.
set trailing stops after you are in profit.