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/biz/ - Business & Finance

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7869655 No.7869655 [Reply] [Original]

Reminder you can go short at any point in time in this market and as long as you use low leverage and just hodl, you will make it.

>> No.7870310

>>7869655
Half the people here don't even know about margin trading, shorts/longs. If I started off with more money and margin traded I'd be fucked, but now I've got the market knowledge and have been nonstop gaining. Feel like an asshole for shorting sometimes though

>> No.7870327

>>7870310
Same her still practicing but huge gains on testnet so far, will try with 0.1BTC next week

>> No.7870329

>>7869655
>infinite loss potential

>> No.7870401

>>7870329
Set a short and a long..use 2 to 5 leverage

>> No.7870505

Shorting now is beyond retarded. Whales just propped it up over 10k trying to attract new dumb money. Do you really think they’re gonna scare them off so soon? Especially after buying above 10k to drive the price up? Fucking with market sentiment too much right now would be massively counterproductive to their interests. They don’t wanna be the bag holders in a bear market.

Look for 10k to be a solid floor for the time being. As dumb as that is...and as much as we really should be at 4k right now...it’s just not going to happen.

>> No.7870530

>>7870401
>just pay the exchange a ton in fees no matter which way the market goes, with a 0% chance of profit
Great plan

>> No.7870568

>>7870505
Well they just dumped on the dumb money from 12k to 10k. This is a nice ROI nonetheless in such a shitty market.

>> No.7870970

>>7870329
set stop losses retard