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

/biz/ - Business & Finance

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17843110 No.17843110 [Reply] [Original]

I just opened a 5x leveraged short.

What are the chances I get liquidated by a whale pump?

>> No.17843123

>>17843110
If I short too, 100%.

>> No.17843142

>>17843110
What did you short?

>> No.17843148

>>17843110
it's at support right now but who knows.
there's no demand at all just supply

>> No.17843162

>>17843142
Corn of the bit variety.

>> No.17843209

>>17843148
That's why I said whale pump.

All indications say it's going down but with this scam you never know if it'll randomly explode to 10k.

>> No.17843214

>>17843162
Why would you short corn 5x?

>> No.17843236

>>17843214
I hate HFCS.

>> No.17843238

>>17843110
100% chance

>> No.17843275

>>17843110
Yikes

>> No.17843278

>>17843236
Sounds pretty dangerous to short something 5x because you hate it.

>> No.17843288

Whats your luq price like 5k?
Youre good

>> No.17843292

whale pump is starting lmao

>> No.17843305

WHAT

THE

FUCK

HOW THE FUCK DID I IMMEDIATELY GET LIQUIDATED???????????

>> No.17843317

>>17843110
BTC is going down down down. safe

>> No.17843343

>>17843305
Hahahahahahahahahaha

>> No.17843358

>>17843305
LOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOL
BRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR

>> No.17843361

>>17843305
Bitfinex reads /biz/

>> No.17843365

And down we go now, thanks OP for monies

>> No.17843367

>>17843305
looool sorry bro

>> No.17843380

>>17843305
You have been visited by BRRRRRRRRRR

BRRRRRR and BRRRRRRR will come but only if you post BRRRRRRR

>> No.17843381

>>17843361
This

>> No.17843384

Lol

>> No.17843387

Why would you short here? All of the conditions are falling perfectly into place for a Bitcoin mega-bullrun...

>> No.17843389

I'm literally crying.

Just...... why?

>> No.17843391

Lol hilarious
Rip op

>> No.17843396

>>17843380
BRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR

>> No.17843404
File: 15 KB, 442x98, 1584360580799.png [View same] [iqdb] [saucenao] [google]
17843404

>>17843110
dude you showed them the money

>> No.17843411
File: 56 KB, 650x492, 1573997515585.jpg [View same] [iqdb] [saucenao] [google]
17843411

>>17843380
>BRRRRRRR
BRRRRRRR

>> No.17843415
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17843415

>>17843305
THIS IS GOING TO BE LIKE THIS ALL THE WAY DOWN
LAMO

>> No.17843421
File: 56 KB, 364x322, 1584351117905.png [View same] [iqdb] [saucenao] [google]
17843421

>>17843389

>> No.17843447

>>17843110
Shorting food, when metals are dumping.
Buy physical corn, faggot.

>> No.17843451

>>17843305
AHAHAHAHAHAHHHAHA FUUUCK AHAHAHAHAHA OH MY FUCK IM DYING OVER HERE LMAO

>> No.17843543

I don't even know what to say.

I just lost $10,000 in 10 minutes.

I'm seriously considering suicide right now. Some shithead whale basically just stole $10,000 from me.

I'm fucking done.

>> No.17843569

>>17843543
>5x leveraged short in the most volatile time in the world economy since bitcoin's creation
The fault is yours faggot. Learn from this lesson or be forever doomed to be a wagie

>> No.17843577

>>17843543
what was the liquidation price ?

>> No.17843578
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17843578

>>17843543

>> No.17843582

>>17843543
Never short shit with a margin account, and specifically on bitfinex. If you do want to short, do it with BEAR/ETHBEAR/BNBBEAR and the likes. Way safer.

>> No.17843593

>>17843543
Kek and now its dumping back down.

>> No.17843607

>>17843543
10k is not 100k or 1m. You're gonna ge it back anon, don't worry.
Shit happens. You know it's risky when trading that shit.
Did you basically short 2k at 5x lev thus lost 10k?

>> No.17843610

do you think this is just a big engineered show where the national debt will be recovered from folks trying to short the market

>> No.17843629

>>17843305
>>17843110
fucking dying
holy shit
it's like they specifically wanted to fuck you in particular

>> No.17843639

>>17843610
BRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR

>> No.17843662

>>17843593
No shit. It was clearly a coordinated liquidation pump. And now I'm cleaned out and can't even buy back in despite it going right back to where I shorted.

And this is somehow completely legal.

>> No.17843666
File: 155 KB, 1011x850, Screenshot 2020-03-16 at 13.20.44.png [View same] [iqdb] [saucenao] [google]
17843666

>> No.17843672

lmaoo degenerate gamblers get the rope

>> No.17843678

thanks for the laugh during these red days op

>> No.17843681
File: 195 KB, 798x770, vergeLOL.jpg [View same] [iqdb] [saucenao] [google]
17843681

>> No.17843692

>>17843662
>And this is somehow completely legal.
HAHAHHAHAHAHA you faggots always run and cry to the government teat once it goes against you

>> No.17843732
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17843732

>>17843305
shorters are like girls that date black guys

>> No.17843733

>>17843110
Sorry fren, better luck next time

>> No.17843760

>>17843389
Thanks for playing goy

>> No.17843762

>>17843543
what was ur liq price why the fuck was it that low if it is only a 5x

>> No.17843775

great thread OP thanks

>> No.17843780

>>17843543
Don’t an hero, you can make it back with higher leverage

>> No.17843795

>>17843305
Bitfinex'd once again

>> No.17843803

>>17843543
>>17843305
>>17843110
Can someone explain what just happened here to a brainlet?

What does a "opening a 5x leveraged short" and "getting liquidated by a whale pump" mean?

>> No.17843809

I lost $10k of my $18k savings betting on sports before every league was shut down.

Now I'm here on /biz/ to lose my remaining $8k

What should I bet on?

>> No.17843810

>>17843762
yeah this doesn't make any sense OP should not have been liquidated

>> No.17843820

>>17843662
lol imagine actually shorting after a dump and not after a pump.
how dumb are you?
no wonder people still make money easily in this market.

>> No.17843839

>>17843809

Sports

>> No.17843843

>>17843803
hes putting x money on stock y falling but stock y went up a bit

>> No.17843851

>>17843803
It means I'm shopping for rope and this market is blatantly manipulated.

Fundamentals mean nothing. The market could dump and BTC will explode the other direction because kikes.

>> No.17843867

>>17843803
Basically he bet 5x an amount that bitcoin would go down. But it went up instead, causing him to become liquidated

>> No.17843891

>>17843110
You just shorted the lowest price in 12 months, after a 60% from local high in just a month. Not saying it won't go lower, but that's usually not a good place to short.

>> No.17843893

>>17843851
what was your liquidation price ? On bitmex btc never went high enough for you to liquidated with just a 5x.

>> No.17843920
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17843920

>>17843851
dude stop lying there's no way this pump liquidated your position if U only x5

>> No.17843923

I'm going for a drive.

Hopefully I smash into a pole.

>> No.17843929

>>17843110
Thanks for your donation sir, kek..

>> No.17843933

>>17843809
buy 2 bitcoins

>> No.17843938

>>17843851
>The market could dump and BTC will explode the other direction because kikes.
>because kikes.
and the moral of the story ladies and gentlemen:
BRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR

>> No.17843943

liquidation prrice now fag

>> No.17843944

>>17843923
nice larping

>> No.17843951

>>17843923
this too will pass bro

>> No.17843965

>>17843810
yep. perhaps the market is so bearish, that larpers now are liquidated shoorters, any attention is good in the mind of a child

>> No.17843968

>>17843305
>>17843543
Pics or it didn't happen

>> No.17844003

>>17843867
So it's literally gambling, as in horse race gambling? Not actually buy stock?

Liquidated = just lost all he put in?

>> No.17844008

there is literally no way you got liquidated in this small 200 dollar pump on 5x lev. stop larping u shit kid

>> No.17844028

>>17844003
its not gambling, its just giving your money to people with bots

>> No.17844035

>>17844003
Yeah you dont anything its just a contract with a broker, a bet with him on rising or falling stocks basically.

>> No.17844059
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17844059

>>17843803
It means he got fucked in his ass hard by a big ol cockeroony.

>> No.17844066

>>17843803
fuckit ill spoon feed.

A leveraged position means you're only putting down a principle amount of the actual trade, however you also assume the full liability if the trade doesnt go your way (lose alot more than the initial position).

Short (price gonna go down)
Long (price gonna go up)

Liquidation occurs when you're net assets no longer cover you're leveraged position (the trade doesnt go your way) at which point all your funds are cleared out to cover the exposure at critical tipping point.

>> No.17844074

>>17843389
You tried to play the jew game without being a jew yourself. Keep in mind being jewish is a skill, not a religion. Accrue a minor fortune, scam some people to make it a little less minor, make some connections with jews on a bit of a higher level, then you can start playing again.

>> No.17844076
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17844076

OP
are you my friend on discord that took out a loan?

do you need to be bailed out by my XRP stack?
pls dm me if you are and ill see if i can work something out

>> No.17844095
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17844095

Alright, I was larping about my liquidation price getting hit.

But still, that was fucking bullshit. And it still might happen.

>> No.17844123

OP stop larping you moron.
There is no way you got liquidated if you used 5X leverage. Unless you meant 50X then you deserve it you retard

>> No.17844133
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17844133

>>17843305
get fucked lol

>> No.17844142

>>17844095
hopefully it happens, your attention whoring degenerate gambling ass deserves it

>> No.17844151
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17844151

>>17843305

>> No.17844183
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17844183

>>17844003
Somewhat. You basically can make good gains or losses quick. Heres an informative page from kraken.

https://support.kraken.com/hc/en-us/articles/203053116-How-leverage-works-for-margin-trading

>OP is pic related

>> No.17844191

>>17844142
I was just trying to give you fucks a laugh in these trying times.

If I actually do get liquidated I'll let you know so you can laugh at me for real before I blow my brains out.

>> No.17844225

>>17844123
good larp tho
perfectly timed
almost too perfect ...

>> No.17844249

This post is a buy signal if I ever saw one....watch for hundreds of millions of tether to be printed soon. Shorting is gambling OP especially once it's already dumped... Last night was the time to short

>> No.17844284

>>17844066
thanks

>> No.17844489

>>17843662
>And this is somehow completely legal
?DEAL ME IN!
*RIGGGGGED

>> No.17844563

>>17843305
go away bitfinex u fucking scamming nigger

>> No.17844916

>>17844249
dude we gonna bleed, thats whats due to happen, probs be a few pump spikes to de-leverage folks, but I think once NYSE etc. open there will be a massive sell off.

The fed monies thats been given for relief will slowly be pumped into the system over the coming weeks as not to cause a massive de-stabilization (of what weve witnessed this last week).

>> No.17845560

>>17844151
Never thought I'd see a diarrheaworldstarhiphop reaction image on /biz/

God love that tranny