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24380592 No.24380592 [Reply] [Original]

I'm a newfag with a 450k crypto folio and am betting 100k on LINK against ETH, how fucked am I in the short term?
>Liquidation starts if link drops 40% against eth

>> No.24380614

Liquidation also starts when you get scam wicked

>> No.24380620

why THE FUCK did you not bet against the USD instead? ETH going on a run leaving LINK in the dust is a very likely scenario short term. had you bet against the USD price instead you'd have made a small profit from link being dragged along in the same scenario

>> No.24380656

>>24380620
my bet also works very well if link/eth crabs. It would breakeven (compared to just holding eth) if the drop is only like 20% in half a year

>> No.24380692

>>24380592
You idiot.

>> No.24380747

>>24380656
I'd still say it's a bad idea. The market is heating up, LINK has gone up massively, and ETH outrunning LINK at least for a while seems likely in a generally bull crypto market. I wish you good luck either way, wagmi

>> No.24380782

>>24380592
Oh shit anon you fucked up lol

>> No.24380826

>>24380747
I wouldn't say LINK/ETH looks like it's overbought, on the contrary actually

>> No.24380845

>>24380592
What if ETH starts mooning hard soon? You could easily get liquidated even with LINK going up normally alongside most of the market just because ETH decided to do a 2x-3x before LINK, which is not even unlikely.
Pretty retard move in my opinion. If you wanna gamble with leverage, at least do it against USD

>> No.24380872

lmao right when the LINK fud is on full force

>> No.24380917

>>24380872
I hold LINK lol, but leveraging an alt coin against another alt coin is retarded. It would still be retarded going it the other way around, and longing ETH against LINK. If the opposite coin moons before you're fucked, even if yours outperforms in the long term.
Just do it against USD if you're bullish for the market in general.

>> No.24380932

>>24380845
that's why I am asking, if eth moons how likely is that link will not get dragged up at a sufficient rate?
but let's be realistic, 2x-3x for eth is not happening before spring at least

>> No.24381066

>>24380932
LINK won't get dragged by ETH, if it goes up at the same time it's either coincidental, or one of those times when most alts start mooning around the same period. LINK decoupled from ETH years ago.
>but let's be realistic, 2x-3x for eth is not happening before spring at least
I don't personally think ETH will do a 2x-3x before LINK does, but that confidence of yours is still a unnecessary risk to take. Alts mooning hard before people expect is nothing unusual. If you gamble, you should gamble smarter. But it's your money, you do what you gotta do.

>> No.24381159

>>24381066
>winning if link/eth crabs
>winning harder if it moons
>breakeven if it is slowly descends
That is in ETH, so multiply that by any ETH gains it does during the time,
only risk is that link will dump in eth and it's not a big risk compared to the potential gain

>> No.24381184

>>24381066
There's no decoupling in crypto, sure there's some independent price fluctuations but all alts are strongly linked
Do you also think BTC and ETH are decoupled as well?

>> No.24381620

Link marines my ass, they shill any coin integrated with link and get a shit pump for a shit coin...

>> No.24381730
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24381730

>>24381620
I think its more Uniswap that force feeds us these shit coins one after another in rapid succession. The latest to join this shit party is base...

>> No.24381731
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24381731

>>24380592
When you are rich you can get all the drugs you want

>> No.24381762
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24381762

>>24381730
What does uniswap actually? Chainlink at lease provides the oracles and is not an ERC20 token so it really does not need ETH. But ETH can be linked to other things through Cahinlink

>> No.24381764
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24381764

>>24381730
gtfo Base is just ampl on steroids. Read the fundamentals hobo... LM rewards on neg. rebases ever heard of it before ?

>> No.24381835

>>24381764
You fools still into negative rebases ? ho the fuck would want to wake up to lighter bags to some price action ?

>> No.24382171
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24382171

>>24381835
You talking about Base here fool, some random price action is what the arb is all about. Cant go teaching random chad mofos.. Read up fool