/biz/ - Business & Finance

[Anonymous No.7541198]

Did anyone short at the $9k high? This looks menacing.

[Anonymous No.7541255]

>>7541198
fixed

[Anonymous No.7541368]

>>7541255
there could be a break out, but so far it rejected exactly at the line and moving average. if it breaks out there could be some massive sort covering/FOMOing, but we're not safe till we get back over ~9.8k

[Anonymous No.7541528]

tfw short at 7200, didn't close my position at got liquidated during the bounce
THIS CAN'T KEEP HAPPENING TO ME

[Anonymous No.7541586]

>>7541198
there were entire threads about shorting at 9K
they got buried by idiots memeing "i bet you sold at the bottom"

[Anonymous No.7541658]

>>7541198
>tried to short with 50x leverage at 9k
>order didn't fill
feels worse than if I had just done nothing at all, FUCKING REEEEEEEEEEEEEEEEEEEE

[Anonymous No.7541809]

>>7541198
I did with 5x leverage so even a dead cat over 10k wouldn't liq me
also reminder not to use high leverage

[Anonymous No.7541867]

>>7541809
WTF? Did that idiot use 200x leverage or what?

[Anonymous No.7541894]

>>7541867
probably 100x leverage at slightly below 9k

[Anonymous No.7541901]

>>7541809
>>7541867

Can someone explain this chart to a brainlet?

[Anonymous No.7541942]

>>7541901
see the green spike while volume was declining. There you have the prove, that bitmexican is selling info on high leveraged shorters

[Anonymous No.7541946]

>>7541901
He got liquidated because he shorted at 9070 but BTC hit 9083 with 1mil+ contracts so I am guessing he used a ridiculously high leverage and got REKT

[Anonymous No.7541968]

Excuse my illiteracy, but how do I get that leverage? When you talk about it, do you talk about bank loans or do you refer to another thing?

[Anonymous No.7541991]

>>7541968
Certain exchanges allow you to borrow money to trade with. It's a great way to make and lose money.

[Anonymous No.7541995]

>>7541901
somebody shorted at around 9k with very high leverage
the price then jumped to 9070, liquidating him (his position was 1.3m bitcoins)
The price peaked at 9084, before dropping down to 8705.
That guy would have made millions of dollars from his short if his liquidation price was only 15 bucks higher

[Anonymous No.7541997]

>>7541946
>shorted at 9070
>liquidated at 9083
How the fuck?

The worst part is he wasn't even wrong and would've made 4x (I think?) in a few hours after that if he hadn't been so unlucky.

[Anonymous No.7542030]

>>7541586
yah, this is why biz is shit, just circle jerk to reinforce their $250 blockfolio moon mission dreams

>tells everyone that if it breaks 9.4 k resistance that we are going down to roughly 4-5.8k
>faggot
>tell misct that this is a bull trap and to short at 9k
>haha faggot you bought high and sold low
>tell misc that we will test double bottom and prolly hit 5k
>stfu faggot, its mooning now, 8.1k resistance is strong

0 hope for this board

[Anonymous No.7542053]

Somebody please explain shorting to a low IQ retard. Where can I go to short? What is leverage? What is shorting? All I know is that people short when they think bitcoin will drop and they somehow make money off of it.

[Anonymous No.7542082]

>>7541991
Interesting, thanks.
What kind of interest do they have? Is it necessary to associate it with a bank account to receive a loan? What is the maximum loan that can be requested?

[Anonymous No.7542112]

>>7542053
Shorting is selling your trading your coins out just before you predict the price to drop.
You then profit by rebuying in when the price drops and hits what you predict to be the bottom.

It's a common tactic of bear-minded investors.

[Anonymous No.7542115]

>>7541997
he opened his short somewhere in the high 8900 range
someone pumped the price with the goal to liquidate any high leverage shorts in that region before pushing the price back down
he would have been up by over 10 BTC if he hadn't been liqed

>>7542082
no, you deposit BTC into BitMEX
look up the terms "Margin Trading", "Leverage", and "Margin Call" on Google

[Anonymous No.7542117]

>>7541946
>>7541997
There's no way. Bitmex only allows x100 leverage and 13 dollars is not enough to liquidate. I think what that means is he shorted from say 8800 or something then got liquidated at 9070

[Anonymous No.7542126]

>>7542030
If we will truly dip to those ranges it will open a lot of people's eyes here. I used to be a 24/7 bull fag but being open minded and unbiased makes fluctuations fun and rewarding

[Anonymous No.7542167]

>>7542115
>no, you deposit BTC into BitMEX
And what meaning leverage in this case then?
in that case I'm not getting a loan from anyone

[Anonymous No.7542195]

>>7542167
Basically if you open a long at 9k you are basically betting that BTC will increase. If you throw in a 2x leverage and BTC hits 4.5k you get liquidated but if BTC increases you get double the money

[Anonymous No.7542217]

Looks to be heading below 8k

[Anonymous No.7542256]

>>7542195
>If you throw in a 2x leverage and BTC hits 4.5k you get liquidated but if BTC increases you get double the money
So you’ll get liquidated at 4.5k, but at one point do you double your money with 2x leverage?

[Anonymous No.7542283]

>>7542115
Why would someone want to liquidate some other trade? How does he benefit from it?

[Anonymous No.7542289]

>>7542126

loads of people here are 16-17 yr olds with 200 in their blockfolio, they think TA is a meme and that bull markets last for years.


Btc was consolidating its price for 2 years before this massive bull-run, we wont see 20k for a while. Crypto isnt different to any other market, its exactly the fucking same, just way more volatile which makes it highly rewarding.

Realisticly, BTC can go sideways for a few months - years before we see anything resembling a bullrun and in reality, you really DO want it to move sideways for a long time because the longer the market moves sideways, the bigger the return we can expect.

[Anonymous No.7542290]

>>7541586
>tfw went to bed last night thinking it'd still be around 9k today
>mfw

I should have closed my trade, I didn't expect it to dump before sunday

[Anonymous No.7542313]

>>7542283
>How does he benefit from it?
The exchange loses money every time you bet correctly, and they get money when you get liquidated.

[Anonymous No.7542334]

>>7542256
If it goes up bainlet

[Anonymous No.7542368]

>>7542334
>If it goes up
At all? If it goes up $1 you get double the money?

[Anonymous No.7542384]

>>7542313
But wouldn't the exchange loose all credibility by playing it this obvious?

[Anonymous No.7542399]

>>7541198
Only retard didn't short at 9k, it was obviously the top. Just take a look at BB, RSI+Stoch

[Anonymous No.7542400]

>>7541658
Was $4 from a 5x all in getting filled

[Anonymous No.7542413]

You retards keep saying it will crash anytime now but it just keeps going up, you're all keeping from getting back in the market.

[Anonymous No.7542442]

>>7542368
2 x $1 = $2 profit

[Anonymous No.7542472]

>>7542413
BTC has dropped like 500 dollars in value today anon.
It's getting dangerously close to the 8k support line, if it keeps going down like it is right now and breaks that 8k support, dropping into 7k prices then people will begin to panic sell, causing the price to drop even further.

[Anonymous No.7542473]

>>7542217
it looks that way but breaking up from here would screw over a lot of shorties. the market likes to deceive and hook in suckers both long and short

[Anonymous No.7542536]

>>7542283
when the exchange forces you to liquidate a short during a margin call, you have to do it by buying the security in question. so if you have a lot of money, and you know what the other guy's strike price is, you can buy bitcoin until the price goes up, then sell him the bitcoin at that higher price when he gets liquidated. classic buy low sell high

https://en.wikipedia.org/wiki/Short_squeeze

[Anonymous No.7542561]

if it goes up from here, 8760-ish might be a good spot for another short attempt.

[Anonymous No.7542595]

>>7542442
Ahh. Okay. Shit, this is better than a casino.

[Anonymous No.7542597]

till we break that lower trendline, were going up

[Anonymous No.7542624]

>>7541198
we will hit 12k soon

dont say I didn't warn you- the inverted head and shoulders looks massive. We will blow through 9k by tomorrow night at this rate.

[Anonymous No.7542877]

>>7542624
We won’t hit 12k for another 2 weeks. We will see stagnation and a slow crawl to that point.

[Anonymous No.7543248]

>>7542256
When Buttcorn increases 50%, yes, you double your money.

[Anonymous No.7543305]

>>7543248
100% you stupid fuck

[Anonymous No.7543335]

>>7542597
>>7542624
here's a tip
When it's riding the bottom of this trend line like this it's almost guaranteed to break downward.

[Anonymous No.7543346]

>>7541586
except we went to 9.2k so most of the faggots got liquidated before we dropped down again

you dumb niggers are going to lose everything trading on margin

[Anonymous No.7543372]

[Anonymous No.7543587]

>>7543346
>Short at 9k
>Liquidate at 9k2
Did you short with 100x or something, and by the way, highest on bitmex is like 9085, faggot

[Anonymous No.7543731]

>>7542597
>>7542624
>>7543335
Called it

[Anonymous No.7543770]

>>7543335
breakdown confirmed on high volume

[Anonymous No.7543837]

Looks like we're going to have a run on this sell wall, should be interesting

[Anonymous No.7543888]

>>7541995
still didnt get it

[Anonymous No.7544013]

>>7543587
ackshully it did hit around 9.2k for about 10mins

[Anonymous No.7544059]

>>7543305
No, I get what he’s saying. 50% with 2x leverage.