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/biz/ - Business & Finance

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7750638 No.7750638 [Reply] [Original]

FOMO bulls getting absolutely gassed.

>> No.7750654

fucking kek

>> No.7750667
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7750667

It's... beautiful.

>> No.7750671
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7750671

It's happening

>> No.7750684

Wait, did someone just lose 300k usd?
Or is this from several fomoers?

>> No.7750685

>a 3.5 mil fomo long at 11k
holy fuck some people are RETARDS

>> No.7750687

>>7750638
lol now they cant even buy the dip XDXDXD

>> No.7750688

B-but Ellen will save us!!

>> No.7750708

>>7750638
how do I tell how much money they lost?

>> No.7750725
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7750725

>>7750688
ellens buying the fucking dip

>> No.7750728
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7750728

>>7750667
saved. it truly is sight to see lads

>> No.7750745

>>7750638
My god, the carnage. This is like /biz/ gore.

>> No.7750747
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7750747

Wait for monday

>> No.7750752

>>7750708
you can't tell, but someone explained it this way:
The large number is the dollar amount liquidated, divided by leverage. So if the amount is 3,089,000, then the person lost that much dollars if they had no leverage, or 1/10th of that if they had 10x leverage, or 1/100th that amount if they were fully leveraged at 100x.

>> No.7750787

>>7750752
beautiful

>> No.7750793
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7750793

>>7750752
So that means that some guy just made 220k go poof?

>> No.7750826

>>7750752
What is leverage?

>> No.7750946

>>7750826
im too stoned to explain, basically allows you to make more money by borrowing money, but you also have increased risk, so if the price goes against your position then you end up getting liquidated that much quicker than if you weren't leveraged. wew someone else try.

>> No.7751021

>>7750826
http://lmgtfy.com/?q=leverage

>> No.7751041

>>7750946
how do you tell when you're about to get liquidated? can you react?

>> No.7751070

>>7750946
>http://lmgtfy.com/?q=leverage
>>7751021
Thanks, googled it anyway and understand it now.

So when you get "liquidated"; i.e. all your position gets closed and you lose everything, how is that 'liquidation point' determined? Like does the exchange just arbitrarily say "Okay, we're willing to risk loaning you 'x' dollars, but we're putting a stop-loss at a 4% drop' or something like that?

>> No.7751075

>>7750725

Maybe Ellen just got liquidated.

>> No.7751116

>>7750638
>margin trading
don't even know what to say

>> No.7751137

>>7750638
I love the asswipes in the Bitmex chat who still think this is mooning to 12k tonight. Denial is strong there.

I also love the 4chan kiddies who post over there who don't understand what's going on there, what contracts are. They just sit there and parrot the guys above.

Meanwhile, red dildos are sprouting like weeds...

>> No.7751160
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7751160

How retarded do you have to be to get liquidated shorts right now???

>> No.7751162

>>7751070
You get liquidated at the point where paying back the exchange brings you to zero. So for a 100x long that would be a 1% dip from your buy price.

>> No.7751169

>>7751041
add more moeny to ur acct

>> No.7751182

>>7751041
Spend at least a month watching the charts, and go lurk in Bitmex chat, and watch Bitmex videos on YouTube. If you have to ask, you're not ready for the sharks in that tank, not even close. I know how it works over there, and I wouldn't even consider putting real money into that craps game.

>> No.7751195

>>7750638
brainlet here. how do you read this? is the first number the total invested, and the second the value it was sold at?

>> No.7751202

>>7751070
its based on how much cash you have. if you open a leveraged trade and you start losing money on it, then you are liquidated when the amount you have lost on that trade is equal to the amount of cash (or other assets e.g. stocks) you have in your account.

>> No.7751241

>>7751160
these dummies are shorting or going long in the middle of a move, not even waiting for a proper pullback or peak

>> No.7751239

>>7751202
do.. do I actually have iron hands?

>> No.7751246
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7751246

>>7751195
Big numbers, more money.

>> No.7751252

>>7751160
they missed it earlier. I did a minimum short x100 and was successful at the beginning of this dip

>> No.7751253

>>7751195
It's not as bad as it looks. When you see shit like "Sell 3,000,000 @ 10500" that probably just means someone put up $30k on 100x margin. They didn't lose $3million, they just lost $30k.

>> No.7751258

>>7751160
>tfw you realize those idiots shorting are propping the price up

>> No.7751266

>>7751160
Idiots playing minute candles

>> No.7751270

>>7751253
oh sweet well thats chump change

>> No.7751276

>>7751253
30k at a minimum if they were 100x, if they were 10x that's 300k

>> No.7751301

>>7751276
Indeed, it could be a lot worse.

Not 10x though, that would take a 10% drop in price to get liquidated, and the price hasn't quite dropped 10%.

>> No.7751306

i think that was the end of the first move down, now all the late shorties are gonna get gassed

>> No.7751321

>>7751266
About half the trollchat is idiots from here meming. I actually believe they have no idea what they're looking at, they're just stroking their tiny dicks at the pretty colors.

>> No.7751322
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7751322

>>7751266
well whoever they are they are having effect on the entire market XMR now below 300

>> No.7751323

>>7751301
ah i see, that makes a bit more sense

>> No.7751332

>>7751306
ill say that it does seem healthy that the volume goes up pretty linearly with price drop.. means cash is on the sideline for dips

>> No.7751410

WTF is XBT? I'm dumb..

>> No.7751415

>>7750688
Was never an ellen pump, this is merely something burgers need to believe, and we will be heading up.

>> No.7751425

>>7751410
bit coins

>> No.7751434

>>7751410
xzybit coin, the original name for bitcoin

>> No.7751446
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7751446

>>7751425
>>7751434
Thanks

>> No.7751516

>>7751323
This. Burgers always act like they're the center of the world even though digital currencies are bigger in Asia than in the West. A few chinks daytraders woke up, decided to take their first profits...

Morons freaked out thinking it was back 2da bear and it went down a bit....... and now it's fucking recovering.

>> No.7751551

>>7750684
People just lost literal millions upon millions kek.

>> No.7751557

>>7751516
You're on the scent senpai, but chinks have been awake all day, what happened is the buying slowed up because it got done in the morning

>> No.7751594

>>7750752
You can assume it's 100 or 25x if they get liquidated that easily.

>> No.7751617

>>7751516
probably gonna dump hard from about 10800, then make another attempt at the 11300 high, maybe exceed it and then dump bigtime back to below 8k

>> No.7751670

>>7751516
assume chinks sleep and aren't dosed up on meth

>> No.7751678

>>7751617
too much support for 8k look at how the volume reacted to a ~10% drop

>> No.7751724

>>7751678
yeah maybe 8k is too far, not sure where it will end but i think it will def hit the low 10k area at least, probably mid 9k as well

>> No.7751779

>>7751724
watching and waiting :)

>> No.7751887

>>7751182

This. I'm an average guy, descent I like 107-115 tests from college I remember. Make anywhere from 70-120k a year. Pulled in a quiet 7 figured from stocks and mostly crypto.

Never once would I fucking play with those sharks on margin. Fuuick that.

>> No.7751987

Might see slight new highs and before a major drop. That would liquidate a ton of bulls and bears