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

/biz/ - Business & Finance


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29715567 No.29715567 [Reply] [Original]

>> No.29715784
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29715784

>>29715567
$90k before April.
Screencap this.
Thanks.

>> No.29715788

>bump
more fags need to see this

>> No.29715847

>>29715784
Earlier

>> No.29716060
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29716060

>>29715567
What does this mean. Someone explain for those of us who don't understand.

>> No.29716139

>>29715567
Of corse it is fake, but we need to bleed. It is not time to buy yet. People still are unsure or have hope. 39-40k (or lower) and hopefully by Tomorroweveryone will be shook out and broken.we range for a week and go back up. JFC people<act like you have been here before. Noobs are going to get liquidated hahaha

>> No.29716462

>>29716060
It is a coordinated miner dump. You buy BTC futures at a low target price for cheap and massive gains. Dump a ton of supply,cause panic -profit. Buy BTC back with profit while everyone sells. Profit again. You control price and make a killing both ways.

>> No.29716711
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29716711

>>29716462

And how long are they gonna keep this shit up until they let it rise??? And what happens if their fuckery destroys confidence and causes a collapse???

>> No.29716790

>>29716462
so how do we profit off this? I'm already all in, I have no $ left to put in

>> No.29716796

>>29716711
Futures close in roughly 15 hours.

>> No.29716849

>>29716711
futures expire the last friday of every month so that'd be tomorrow but don't expect the bull to resume until after the weekend or even later perhaps

>> No.29716856
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29716856

Tomorrow will be a good day

>> No.29716906

>>29715567
Can they really do anything with measly 3000-5000 BTC? That's mere $250 million. The volume on Binance alone right now is 88,900 BTC. I mean, they can try to trigger a chain reaction of stop losses and panic sales, but it shouldn't have any long-lasting effects.

>> No.29716973

>>29716711
I think you underestimate the power of whales and bullish trends. They can reverse action at any time and paint a bullish chart and people will buy right back in. It'll be back at 50k by this time tomorrow. We haven't even tested 42k yet.

>> No.29717078

>>29716906
Spot trumps derivatives.

>> No.29717092

>>29716790
By not being retarded and stack sats by trading alt/btc pairs.

>> No.29717108

>>29716711
Futures expire tomorrow 4pn London. So, soon I would imagine. Unless this is a set up for next month. Expire last Friday of the month. If people lose faith? They make a killing both ways same deal. And we get a crash for period of time.

>> No.29717187

F2pool is exit scamming?

>> No.29717192

>>29715567
George knows

>> No.29717202
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29717202

>>29715567
I could tell simply by the shilling here, and on /pol/ all of a sudden everyone has an opinion on crypto, and that its fake.

>> No.29717336

George knows

>> No.29717350

>>29717092
This is the answer. Maxis get crushed or open shorts. But that is fucking danger zone if you are asking what to do...you don’t know and shouldn’t. Everything will be fine,but we should have a terrifying night, or at least I hope we do. Bottom is not in until everyone isn’t sure crypto is good anymore. We are getting there.

>> No.29717409
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29717409

>>29717202

Wait a minute they are shilling a crypto crash on /pol...

Okay then its DEFINITELY fake.

>> No.29717489

Dont fucking short it. You are being played.
Also these ancient addresses could be the CIA wallets. They are dumping so their buddies in WS buy it cheaper.

>> No.29717587
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29717587

>>29717489
based

>> No.29717602

>>29716462
Why would miners sell and buy back? Why not hold?

>> No.29717785

>>29715567
link to website?

>> No.29718000

>>29717602
>miners sell 2700 BTC at $58k and cause a flash crash
>price dumps to $45k within a matter of hours
>miners can now afford to buy 3400 BTC at the same sale price in the midst of panic selling
Whales making splashes anon

>> No.29718328

>>29718000
>2700 btc
>doing anything
Its February 2021, not 2020.

>> No.29718330

>>29718000
Checked, also consider that when exchanges liquidate futures they make a killing.

>> No.29718358

>>29717187
Lol no one gives a shit if pool decides to exit

>> No.29718402
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29718402

>>29717489
High IQ

>> No.29718707

>>29718330
>Checked, also consider that when exchanges liquidate futures they make a killing.
Simply not true.

>> No.29718751

>>29718328
Did you even look at the chart retard
Just adding up the “crash” days puts you close to 8k
Dumping 10% of the circulating supply of anything is surely going to do something

>> No.29718805

>>29718000
kek you schizos are going to lose so much money

>> No.29719016
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29719016

>>29718805
>kek you schizos are going to lose so much money

>> No.29719194

>>29718707
Except it is. Since you’re challenging my facts on this please provide a source and I’ll prove you wrong,

>> No.29719276
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29719276

>>29718707

>> No.29719560

>>29718707
I’m waiting, but food for though why do you think there is a binance and binance.us?

>> No.29719582

>>29719194
>>29719276
Liquidations are nothing but forced market orders + slippage, which is covered by an insurance fund, you retards.

>> No.29719793

>>29719582
https://finance.yahoo.com/news/futures-exchanges-deal-liquidating-positions-180023026.html

I’ll start with this and then let you do some more digging.

>> No.29719902

>>29719560
Could you spoonfeed me? I thought it was because of burgerland having different laws and taxes.

>> No.29720234

>>29719793
>yahoo
>outdated article from some kike slut
>"The most popular Bitcoin futures trading platform around currently is BitMEX"
That aside, the article says the same shit I just told you.
>Any time BitMEX is able to liquidate the position at better than the bankruptcy price, the additional funds beyond the maintenance margin are placed into the BitMEX insurance fund. This means the exchange effectively makes a profit from the intervention – something that has caused controversy on more than one occasion.

>However, if the exchange is unable to liquidate above bankruptcy price, it must use money from the insurance fund to close the position. While this type of situation can happen, it is extremely rare.
And if you think they are cashing out the insurance fund, I can't help you.

>> No.29720490

>>29720234
If you honestly believe that a insurance fund that is so solvent that it makes a profit 99 days out of 100 isn’t being dipped into... I can’t help you...

Not to mention the fact they don’t even need an insurance fund because they could just rely on the infinite money printer known as tether to bail them out.

>> No.29720843

>>29720490
>If you honestly believe that a insurance fund that is so solvent that it makes a profit 99 days out of 100 isn’t being dipped into...
Bro, you don't need to act like you know this shit. I can tell you don't.
>Not to mention the fact they don’t even need an insurance fund because they could just rely on the infinite money printer known as tether to bail them out.
Tether is used for spot trading, dude.

Seriously, stop throwing your quarter knowledge around.

>> No.29720950
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29720950

Yep, we’re still in a bull market. Anyone selling before the big yellow dildo is missing out.

>> No.29720973

>>29720843
Ok Chang, I provided proof that at least one exchange benefits from liquidations and you’ve done nothing but say, “nuh uh, you’re wrong”.

>> No.29721125

>>29720950
wtf is this big yellow dildo

>> No.29721302

>>29720973
You provided an old FUD article. Here are the numbers:
https://www.bitmex.com/app/insuranceFund
They are going up daily, because the trading volume and market cap of BTC is going up daily. But nobody is touching those funds, because they would get FUCKED if they did so. These sites make fucking billions on fees, do you really think they would risk that for 37 fucking BTC? Holy shit, mate.

>> No.29721682

>>29721125
Volume