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

/biz/ - Business & Finance

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16004478 No.16004478 [Reply] [Original]

Aaaaaand we are back!

>> No.16004499
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16004499

if only you knew how bad things are really.

>> No.16004510
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16004510

>>16004478
I hope so anon....
wish me luck

>> No.16004512

>>16004499
Nice digits and ID

>> No.16004523

>>16004478
we'll be going sideways until futures close then dip to 6k

>> No.16004525

we just got reanimated, still comatose

>> No.16004538
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16004538

>>16004510
You're going to get rekt by the weekend.

>> No.16004556

>>16004510
Litwral retard

>> No.16004646

>>16004478
daily bullish divergence

>> No.16004657
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16004657

>>16004478

>> No.16004682
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16004682

>he didn't sell at $18k
What the fuck is wrong with you people

>> No.16004695

>>16004657
>>16004682
wtf is that

>> No.16004710

Someone fucked up and triggered well orders world wide between 10k and 18k causing the market to eat shit.

>> No.16004792

>>16004710
Fucking Kaworu!

>> No.16004841
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16004841

>>16004478
Its ova 4 bimph coin.

>> No.16004950

>>16004510
brainlet here, is there any real difference between opening a long position and simply buying bitcoin?

>> No.16005433

>>16004556
I’ve gone mental

>> No.16005492

>>16004499
>late boat

>> No.16005526

>>16004499
Wrong. Try again.

>> No.16005586

>>16004950
strictly speaking, whenever you go long or short on an asset you both buy and sell it, the difference is which goes first. Having a long position means you intend to close it eventually. Simply buying, in my mind sounds like HODLing indefinitely although that's just for people somewhat versed in financials

>> No.16005605

>>16004510
oof. I hope you're looking at this as a short term scalp. you'll get a small price rise, but god damn this shit is not stopping above 7k

>> No.16005609

>>16004950
>>16005586
tl;dr
you simply buy medicines (you don't mean to sell them later), you go long on bitcorn and assets that you don't consume (you want to sell them later)

>> No.16005612

>>16004950
there's leverage involved, he doesn't just buy BTC. 20 times leverage means he gets 20 times the money he'd get compared to if he just bought some BTC the ordinary way. Downside is: if the price is lower than 19/20*price when he entered his position, he loses everything.

>> No.16005614

>>16004950
>>16005586
the difference is you are borrowing money to buy bitcoin, so if the value of your btc goes below that of your loan, you lose the money you put up as collateral on the loan.

>> No.16005635

>>16005614
>>16005605
just got out right now....made $1500 profit

>> No.16005637

>>16005612
more generally put:
if n is the leverage number, then you get liquidated around:
price(when entering the position)*(n-1)/n

>> No.16005659

The last couple months of this stair pattern doesn't worry me. It's so clearly manipulated it's hard to believe people are getting fucked by it. The manipulator at every stage puts enough sell pressure to cap the price (like it just was at 8200), then has a few bull traps and down barts, then baits the retards who think this is the bottom, then dumps to another lower level. They have done this since 11k lmao.