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/biz/ - Business & Finance

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23054489 No.23054489 [Reply] [Original]

Why is every link breakout crushed down extremely hard? Who is selling? Also, that must be expensive, don't tell me they're accumulating

>> No.23054516

The people selling are those who burrow on leverage for the express purpose of making money on a sale.

>> No.23054530

>>23054516
this should be illegal...

>> No.23054558

>>23054489
"price suppression"

>> No.23054567

>>23054516
Can't a whale just step in and liquidate these faggots?

>> No.23054599

>>23054567
they can and they will. Patience

>> No.23054655

>>23054567
/int/ here, decided to get into crypto a week ago, what does liquidating mean?

>> No.23054733

>>23054655
In general, when longing or shorting with leverage you borrow money to buy the underlying. For this you deposit a collateral. If the underlying moves roo much in the opposite direction of your bet, your collateral isn't enough to sustain your debt anymore, and is eaten. You're liquidated

>> No.23054739
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23054739

>> No.23054797

>>23054733
thanks

>> No.23055007

>>23054655
It means you haven't figured out how stop loss works

>> No.23055047

>>23054489

Just supply and demand. People always want to invoke stupid bullshit like price suppression, when it's just that link is a speculative asset. It dumps when traders take profit, and they tend to take profit on pumps, so pumps get crushed. Ezpz. Only when a big hype rally gets going can the price really break out. Just relax and hold.

>> No.23055104

>>23054489
In the instance of today it looks more correlated to the slight dump BTC took. Given the general uncertainty in all markets at the moment, most ALTs are looking at BTC to make a move first and any change in the direction of the wind is felt across the board.

>> No.23055148

>>23054567
>>23054733
This might just be my small brain, but I don't think shorts can get liquidated...Longs can get liquidated on the way down, but don't shorts just infinitely lose value? As I understand it, the same affect of liquidation occurs when your stop loss is triggered or if you can pay the premiums?

>> No.23055199

This board is so shit now, low IQ faggots EVERYWHERE .

>> No.23055212

>>23055148
FFS, anon, the August pump was a short squeeze, remember ? Zeus Capital shorted, huge pump took them out, then normies got in, and you know the rest. Short Squeeze. It's a thing.

>> No.23055236

>>23054655
which /int/ general?

>> No.23055333

>>23054599
>>23054733
>>23055199
checked

>> No.23055338

>>23055236
/EAG/

>> No.23055344

>>23054489
short term traders trading on margin
you have swing traders, scalpers, etc. all trying to trade in different ranges and signals
the price just takes the path of least resistance either up or down

>> No.23055345

>>23055212
That's not how a short squeeze works bro. The people shorting realize their shorts are going to shit, sell, and the by into whatever asset it is they initially shorted to recoup losses, which explains the massive amount of volume leading up to $20. Am I missing something?

>> No.23055393

>>23055345
>The people shorting realize their shorts are going to shit, sell
no they don't
they get scamwicked and genocided and rope themselves

>> No.23055410

>>23055393
THIS

>> No.23055465

>>23055393
>>23055410
well then explain why prices rise after an asset is over-shorted then nigger?
>inb4 number go up

>> No.23055565

>>23055465 Kek wills it. If you want details, get gud by studying trading , you lazy fuck

>> No.23055635

>>23055565
does the stuff investopedia have applies to crypto?

>> No.23055720

>>23055338
nice
install extraflags

>> No.23055758

>>23055565
You've literally said nothing at all so I'm going to assume you haven't a clue what you're talking about.
>>23055635
don't waste your time.

>> No.23055770

>>23055635
Sure. If you want more, did around for "How to beat the market makers", by Steve Munro. He charges 3k, but you can kinda steal it, if you're stubburn enough. Also "Technical Analisys", by John J. Murphy, pretty good.

>> No.23055796

Hey so get this. I heard a rumor that due to the volatility in the markets, the fundamentals for LINK have changed greatly. In this it was apparent that Chainlink was never meant to be used as a currency, but rather as a protocol.

ChainLink is a decentralized network of nodes that provide data and information from off-blockchain sources to on-blockchain smart contracts via oracles. The Chainlink Aggregating Contract takes all the data from the chosen oracles and validates and/or reconciles it for an accurate result. For the most accurate result, the Chainlink protocol would be far more effective if it were tethered at $1. To achieve this, the team is working with exchanges to lower the price until it reaches this threshold.

>> No.23055832

>>23055796
shut the fuck up

>> No.23055941

>>23054489
It’s none other than Sergay and his "dev team" you retards are funding their lavish lifestyles hahaha

>> No.23055993
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23055993

Surf the wave bro

>> No.23056025
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23056025

>>23055796
>Monday
>Most hilarious stuff of the week is already posted

>> No.23056194

>>23055148
It depends what you are referring to when saying short. Here I was referring to short seller that borrow money to sell an asset they don't have, hoping it will drop, buy it back lower, and reimburse their debt with this, they can then pocket the delta. In that case they can be liquidated. Maybe you were referring to people buying options, like puts, these will lose value and yes they don't get liquidated, they just get stuck with a worthless option and don't exercise it and lose the option cost.

>> No.23056368

>>23055832
Will you be attending the upcoming "Chainlink $1 Waiting Room" threads?

>> No.23056465
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23056465

>>23056368
yes

>> No.23056496
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23056496

>>23054489
>Who is selling?

>> No.23056671

>>23056496
pareto principle could be invoked here to claim that the bottom 10% of holders are most of the activity.

>> No.23057699

>>23055993
When are you buying back in

>> No.23058014

>>23054489
Well son, someone uses USDT settled futures to bet on a lower price. Then they sell a ton of LINK to crash the price. They then collect their USDT award and repurchase the LINK at the lower price and keep the difference. This is more profitable and less risky than going long.