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/biz/ - Business & Finance

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5706107 No.5706107 [Reply] [Original]

How come there are so few actual traders on /biz/?

If you aren’t actively trading on this exchange and capable of timely shorting, you are effectively a normie and will suffer the same fate as them when the shit hits the fan.

The other night I had to hear some spic waiter at Denny’s (everywhere else was closed) shill an old guy on RIPPLE, for fuck’s sake, and I knew then that every alt/shitcoiner really has it coming to them. No, your worthless car wash tokens (Tether) aren’t going to save you.

>> No.5706133
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5706133

>>5706107
>every alt/shitcoiner really has it coming to them
XLM seems pretty solid for the long term hodl my man

>> No.5706272

>>5706107
>Op fell into this jew trap
Kek

>> No.5706646

>>5706272

It’s actually the best exchange. Most volume and liquidity, lowest fees, best interface, excellent execution and very little downtime. You just need to have self-control with leverage and actually know how to trade.

>> No.5706709

Do you need a VPN in the US?

>> No.5706719
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5706719

>>5706107
the only thing that's going to save us is the Bible, i agree with your wholeheartedly, brother.

>> No.5706751

>>5706107
>>5706646
Leverage trading crypto is just asking to get buttfucked, sorry.

>> No.5706804

>>5706107
you convinced me to sign up. 100x leverage is too amazing for me to just pass up. next time BTC goes on a run while all alts die I'm going in.

>> No.5706847
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5706847

>>5706804
you're asking to get majorly fucked my man.

>> No.5706944

>>5706709

You only need a VPN when signing up.

>>5706804

I strongly recommend not opening a position above 5x leverage. Be careful and start out with a small amount because you will likely lose it all as part of the learning process. Also, RTFM.

>> No.5706947

>>5706847
Yeah i'll only put in a small % of my portfolio. I think there are a few instances a year when the direction BTC is going in is very obvious.

>> No.5707006
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5707006

fuck

>> No.5707035

>>5707006

Use a VPN to sign up. They have no identity verification.

>> No.5707082

>signed up
>coool
>loose .01BTC
>less cool
>withdraw
>loose .004 more
>down 150 USD
way too stressful to learn this shit. I have nightmares about loosing money on bitmex

>> No.5707115

>>5707082
Also the fees will eat up your entire portfolio until you learn to trade

>> No.5707151

>>5707035
Oh yeah, should have read the full thread. Thank you anon

>> No.5707218

>>5707082
>worrying about the fees
BitMEX is for whales and Saudi oil princes that have fuck you money. Steer clear unless you want to be eaten alive.

>> No.5707285
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5707285

Remember shorting is the best way to increase your Bitcoin stack since shorting is going long on gamma.

>> No.5707298

>>5707218
I'm just warning people this is hard-mode and 90% of people can't profit off of this. Their trollbox numbers are increasingly small because people can't make it.

I'm jealous of those who can, literally free money.

>> No.5707332

>>5707218

Anyone can be a whale on BitMEX. There are no walls.

I’ve gone from $12,650 to $107,000 just within the past month trading only XBTUSD on there, and without using higher than 4x leverage the vast majority of the time.

This kid went from less than $1k to a quarter-million: https://blog.bitmex.com/trader-interview-etfdeniedbot/

>> No.5707361

>>5706107
why do people think they're so cool when they say they're shorting something

so cringe

>> No.5707369
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5707369

>>5707332
Yeah but most people can't handle this, very steep learning curve and robotic emotions required

>> No.5707374

I've been leverage trading ripple at 3x-5x for the past 2 months on Bitmex.

Saw 75000 ripple be liquidated the other day - rip the anon who JUST 100k.

>> No.5707453

been trading ripple on there, started with a deposit of 0.024XBT 1 month ago, and now am at 0.35XBT, trading every few days, not being too aggressive or anything.

Definitely need to consider Bitmex in your trading strategy imo.

>> No.5707479

>>5706107
you expect a bunch of chronic masturbators who have never held a difficult job to have the discipline to trade on margin? kek

>> No.5707610

>>5707035
Okay so can you make withdrawals from a US IP address? Because I tried to make a withdrawal but it shows your IP address on the ticket so I cancelled it. Will they fuck you for lying to them?

>> No.5707756

>>5707610

I have repeatedly withdrawn 5 figures from them (soon to be 6) on a US IP with no issue whatsoever. I’ve searched extensively and haven’t come across a single account of a US citizen being closed on. They also expressly allow offshore entities to trade within the US.

I am frankly more concerned about GDAX, which I use to cash out.

>> No.5707890

>>5707479
yeah stick to shitcoins, kek

My new strategy is to read about ICOS every single day for the next year until I find a few OMG and DRGN

>> No.5707930

>>5707479

Jerking off is actually invaluable when trading on margin, provided you’re watching the candles. Keeps your hands busy and body on edge.