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/biz/ - Business & Finance

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15673532 No.15673532 [Reply] [Original]

I wound down my massively leveraged BTC short to a 1x short while I'm ahead.

I have absolutely no idea if we are going to pump up or down. All I know is that people richer and smarter than me are colluding to enrich themselves at my expense. How the can anyone be confident in any sort of crypto price analysis in these shitty market conditions

>> No.15673628
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15673628

>> No.15673689

>>15673532
People richer and smarter than you have also lost money on this shit. Who in the FUCK is confident about anything about crypto. Save your shekels.

>> No.15673698

>>15673628
this is so fucked up

>> No.15673760

>>15673532
Easy. If everyone is uncertain like you, lots of them will agonise about their uncertainty and carefully set stop-losses...

...which will then be mercilessly harvested by whales when they flash crash the market.

Suggestions:

1. Set a low leverage short; don't sleep for the next week. Switch to a long at the bottom.

2. Alternatively, just place a low buy order; you can then sleep if you like.

>> No.15673777

>>15673628
What am i looking at?

>> No.15673794

>>15673532

>analysis

You just hold the assets itself, dummy. That way they literally can't touch you. Margin trading is manipulated endlessly. So what if they crash the price, buy more. So what if they pump the price, sell it to them as close to the peak as possible and buy back cheaper.

>> No.15673827

>>15673777
checked,
Liquidations son