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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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12827486 No.12827486 [Reply] [Original]

80,000 cones. Strap in faggots.

>> No.12827492

>>12827486
(((tamed)))

>> No.12827497

>>12827486
Don't think we will exceed $5k, but I do agree. I was wondering what the CME futures expiry would do, most other times it was shorts, today they long.. I bet by March 05, bitcoin will be on its way back to 3200 re-test

>> No.12827500

>>12827486
Pump it boiz

>> No.12827502

>>12827486
Quit your jobs everyone. We made it.

>> No.12827511
File: 28 KB, 624x351, 73629441_73629436.jpg [View same] [iqdb] [saucenao] [google]
12827511

>>12827486

This. is. it.

>> No.12827518

>>12827511
This. Is. Lit.

>> No.12827526

Closing shorts

>> No.12827542

>>12827486
For every long position, there is a short position. That just means that CME is now short 80K bitcorns

>> No.12827712

>>12827542
Honestly don't understand how these fucking idiots don't get it. Who the fuck do you thinks on the other side when you open a long position? A fucking short position, dickheads.

>> No.12827728

One thing is for sure, someone's going to lose a truckload of money

>> No.12827747

>>12827712
Bullshit fucker. He could have just bet against the exchange as a gamble

>> No.12827784

>massive long
>bullish

>> No.12827792
File: 18 KB, 406x400, 1550356534336.jpg [View same] [iqdb] [saucenao] [google]
12827792

Oh wait it could be a massive short.

>> No.12827829

>>12827747
who the fuck gambles 315Million on a volatile asset against the house?

>> No.12827832
File: 51 KB, 436x600, 1516823008389.jpg [View same] [iqdb] [saucenao] [google]
12827832

BTC $20k eoy

>> No.12827840

>>12827829
>CME is the house
moron

>> No.12827916

>>12827747
>bet against the exchange

Do u even know how futures work? You trade against other traders not against the exchange.

>> No.12827963

>>12827784

When they're that big someone knows something u don't. This Ain't bitmex little boy.

>> No.12828088

Bullshit. Go watch Feb futures, way much volume. Do not be fooled frens.

>> No.12828143

Fakechart

>> No.12828154

>>12827916
>it's a casino
>house has an edge

>> No.12828189

>one person goes 80,000 long
>it takes multuple other traders to fill his orders
whoever the fuck can long 80,000 BTC clearly knows something

>> No.12828203

>>12828189
You'd think so.

>> No.12828515
File: 261 KB, 150x107, 1549777173279.gif [View same] [iqdb] [saucenao] [google]
12828515

>>12828203
>tfw lose 80k btc

>> No.12828526

>>12828154
How stupid are you?

>> No.12828580

>>12828154
Lololololoollllollolloooooolll

>> No.12829775

How much time are they locked in that position when trading futures

>> No.12829799

game theory here: why show such a huge position?

>> No.12829834

>>12829775
You can roll over your contract indefinately as long as you have margin

>> No.12829835

>>12827486
Now imagine what will happen if his position gets liquidated.

>> No.12829838
File: 1.35 MB, 1439x1425, 632EE625-162D-420A-8516-AB544EA052B6.jpg [View same] [iqdb] [saucenao] [google]
12829838

Pump it

>> No.12829871

Its about damn time

>> No.12829909

Why doesn't anyone understand this is a reflection of normie market sentiment?
The fucking market makers are going to dump so god damned hard.

>> No.12830005

>>12829909
on who ?

>> No.12830050

>>12830005
On the dumb bastards opening longs.
They are going to liq the shit out of them.
Just you watch.

>> No.12830060
File: 5 KB, 283x178, index.jpg [View same] [iqdb] [saucenao] [google]
12830060

>>12830050
>>12829909

>> No.12830103

>>12827486
>CME futures
thanks just opened mass short on bitmex

>> No.12830132

>>12827486
Has it ever occurred to you that the long position might have been created by the exchange itself? So even if the position is liquidated, no money is lost because the exchange is using its own money in its own exchange.

>> No.12830137

this is it. THIS is the beginning of the golden bull run. why else would someone bet $300 million long? Dubs confirms

>> No.12830147

>>12830132
if the position is liquidated then the exchange loses their money to all the people that shorted

> does not understand basic trading
> has it ever occured to you

>> No.12830154

>>12830137
Bitcoin is overpriced and we're all crashing to 1000 before EOM

check em

>> No.12830171
File: 69 KB, 720x960, mmmm.jpg [View same] [iqdb] [saucenao] [google]
12830171

>>12827486
What does it mean?

>> No.12830210
File: 351 KB, 640x947, B6A87D0B-7B53-4CBD-ADC3-D0E16BBFA992.jpg [View same] [iqdb] [saucenao] [google]
12830210

>>12830154

>> No.12830229

it's fake news someone's playing /biz/.
that long order is feb 19th on tradingview.
the pumped is reflected already.
look at what happens after the last big green dildos happen

>> No.12830239
File: 196 KB, 2142x1164, cme.png [View same] [iqdb] [saucenao] [google]
12830239

>>12830229

>> No.12830252

It says the date of Feb 21 at the fucking top of the picture

How can the graph show all those longs placed on Feb 22?

>> No.12830267

>>12830050
(((They))) are the ones longing tho, there aren't any suckers in this market. It's a question of who closes their longs first, because the last ones will get the short end of the stick

>> No.12830393

>>12827712
>>12827542
This also applies for shorts then nerd.

>> No.12830416

>>12830267
>the joos
Dude it has nothing to do with jews.
Whales can afford to open longs and potentially lose some free margin before being liq'd.
Normies on the other hand see this as a bullish signal, they too open long positions with much, much less free margin.

Whales close their positions at a slight loss, then dump and eat up all the longs placed by idiots.

>> No.12830425

>>12827486
this is volume, not open interest

>> No.12830485

>>12830147
>does not understand wash trading

The exchange can create simultaneous short positions and close their short positions first before closing the positions of their customers.

>> No.12830631
File: 64 KB, 1647x718, dumpincoming.jpg [View same] [iqdb] [saucenao] [google]
12830631

>>12827486
>he doesn't know futures are used by big players like miners to hedge their position.
>go long on futures when there is a risk of market dump.
Last time we had big green volume we dumped soon after

>> No.12830827

>>12830631
>dumpincoming.jpg
How do you explain the short, then dump in the middle?

>> No.12830891
File: 101 KB, 1647x718, dumpincoming.jpg [View same] [iqdb] [saucenao] [google]
12830891

>>12830827

>> No.12830925

>>12830891
the color of volume bars are misleading.There shouldn't be any color. Here volume = dump incoming

>> No.12830958

>>12830416
normies won't start buying until btc goes above $8500, in best scenario. Niggers won't enter until $16000+

>> No.12830970

>>12830827
check this vid and replace grain producers by bitcoin miners
https://www.cmegroup.com/education/courses/introduction-to-agriculture/grains-oilseeds/how-to-hedge-grain-risk.html

>> No.12831095

>>12830631
>go long on futures when there is a risk of market dump.
meant to say go *short

>> No.12831434

>>12830132
>>12830147
>>12830147

Lol what is happening here omg...I should probably just limit my time here once every 3 days just for LINK updates.

>> No.12831604
File: 148 KB, 277x385, backupnow.png [View same] [iqdb] [saucenao] [google]
12831604

>>12830154

>> No.12831700

>>12830239
what is this trying to tell me? volume means nothing?

>> No.12832171

>>12830970
Thanks Anon!

>> No.12832196

>>12828515

based boomer gif

>> No.12832245

>>12827712
You are the dumbass that bar just means 80,000 btc was transacted in that time period.
For every buyer there is a seller.
Also it could be people closing shorts too it doesn't necessarily mean they are opening positions.
T. Futures trader