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/biz/ - Business & Finance

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8856393 No.8856393 [Reply] [Original]

Should I pull the trigger and buy my lambo?

>> No.8856403

Hope that's a short.

>> No.8856418

Hope that's a long.

>> No.8856422

>>8856393
where is there a lambo that cheap

>> No.8856442

Hope that's a mid

>> No.8856448

Hope that's a testnet

>> No.8856449

>>8856403
Been shorting since 17k.
>>8856422
I'd get roughly 6.2m if I close it now.

>> No.8856475

>>8856449
Close it now. We've probably reached the bottom and are now on a uptrend.
Just cash out / put it into a crypto portfolio. $6m is enough.

>> No.8856481

>>8856393
Show the full position or larp faggot OP

>> No.8856502

>>8856393
wait for 7-7.2k

>> No.8856528

>>8856449
I'm kind of a brainlet when it comes to this but how are you up 6.2m on only 40k contracts 50x short?

>> No.8856547

>>8856528
Started the short in January at 17k right before a big red dildo. Having been handing on to it ever since.

>> No.8856595

>>8856547
lucky guy

>> No.8856640

>>8856547
Starting capital? I'd lock it in, keep half in crypto, convert half to fiat, pay the tax man, and walk away for a few years. You made it.

>> No.8856643

>>8856547
Yes I got that part, can you screenshot your "Open Positions" tab?

>> No.8856958

>>8856640
This

>> No.8856976

>>8856393
yes. mission accomplished

>> No.8856990

You made it anon.
You can relax now.

>> No.8857015

>>8856449
cash it out you fucking idiot.

>> No.8857041

congrats, you made it, count your blessings, cash out

>> No.8857049

Are you really using 50x leverage?
Because the 'contracts' take leverage into consideration, but the ROE is calculated over the principal, so you're 155x up on $800=124k
Which is totally awesome btw, but not 6.2m

Correct me if I'm wrong

>> No.8857077

>>8856393

I thought this shit was scam because /biz/ had like hundreds of posts saying that this was just stealing your money.

/biz/ fooled me again

>> No.8857116

>>8856393
hope that's a Bort

>> No.8857131

>>8856393
buy LINK you rich faggot

>> No.8857174
File: 96 KB, 620x620, 2727f07afb7b11e1a9d522000a1cd9f8_7.jpg [View same] [iqdb] [saucenao] [google]
8857174

>>8857049
pls OP heed my warning

>> No.8857204
File: 22 KB, 420x250, calc.png [View same] [iqdb] [saucenao] [google]
8857204

>>8857049
That was the same thing I was wondering about in this post >>8856547
That ROE is equal to shorting with 100x leverage from 17k. And even then he made like 3.5 BTC in total, not sure how you got to 124k.

>> No.8857230

>>8856449
dont get greedy. Dont let the excitement and "hehe risk it all or hero!!" trick you.

>> No.8857264

>>8856393
If not a larp-- yes. You should be getting the hell out at this point.

>> No.8857284

>>8857204
40000 at 50x is 800 collateral
15580,70% roi ~ 155x
800x155=124k

>> No.8857288

>>8857077

90% losers
10% winners
when regulated

Now imagine when it's not

>> No.8857392

>>8857288
Better stay away from it then

>> No.8857414
File: 22 KB, 419x257, calc2.png [View same] [iqdb] [saucenao] [google]
8857414

>>8857284
I'm a retard, I used the 77x ROE from my screenshot.

But still, no matter what leverage he used, 40k contracts is 40k contracts.
That 15x ROI was only possible at 100x leverage and that would just mean that the collateral is not $800 but $450 which is 450x155=$70k. But what the fuck is wrong with that calculator showing 3.5BTC x 6900 = 24k?

>> No.8857421

why is /biz/ so dumb?
Guy obviously simply did his 40,000 contract and times 155x and gets 6.2mil
But that's NOT HOW IT FUCKING WORKS.
Holy shit.
stop falling for these larpers and educate yourself biz

>> No.8857497
File: 65 KB, 960x540, nintchdbpict000355958350.jpg [View same] [iqdb] [saucenao] [google]
8857497

Big shot here. Old money. How much money would i need to earn about 4mil dollars on a btc short? Which site to use

>> No.8857616
File: 38 KB, 778x435, BTCshorts.png [View same] [iqdb] [saucenao] [google]
8857616

>>8856449
fuck anon, if you've been killing it since 17k then hop off right now and treat yourself to something nice. AT LEAST cover 1/3 of your position. There are tons of people trying to short right now.

>> No.8857617

>>8856449
let me guess, you're literally retarded and you think your position is 40,000 x 50 right now, right?
you're going to cry when you close this position and end up with a shit ton less than you thought.

>> No.8857649

>>8857617
How much u calculated

>> No.8857695

holy shit youre fckin stupid it will get you 3-4 btc not 6.2m how can you people be this stupid

>> No.8857724

>>8856449
You got enough money to retire comfily for life, don't be a retard and close it now.

>> No.8857814
File: 67 KB, 600x600, OP.jpg [View same] [iqdb] [saucenao] [google]
8857814

>>8856393
>view da source
>edit some dem digits
>trick brainlets on /biz/ into thinkin ima da millionaire

>> No.8857815

This is a Larp. 30 days is max contract length. You'd be paying out of your ass on fees alone.

Test market pussy shit that's why you won't show it all you dumb larp fag

>> No.8857948

>>8856393
i would close It for sure, great trade man!

>> No.8857950
File: 277 KB, 550x632, 0C404E1A-CFF8-45C9-936D-8CF87CA8E020.png [View same] [iqdb] [saucenao] [google]
8857950

>>8857814
>go on Twitter and pretend I’m a knowledgeable trader and sell my “““advice””” to retards

>> No.8858036

>>8857815
you're a larp bitmex contracts don't expire unless you decide to close it/get liquidated not op although i think hes a larp aswell

>> No.8858114

How much funding fees did you build up lad?

>> No.8858577

>>8856449
>>8856547
How much funding fees did you pay? Or were you smart enough to use the Futures contracts and not the Perpetual?

>> No.8858793

>>8856449
Don't hold a short in this overbought market, even if BTC is going to 0 it'll take several massive relief rallies

>> No.8858811

>>8858793
>>8856449
I meant oversold.

>> No.8858881

>>8857815
This isn't options trading. I don't believe there's a time limit on contracts. But yes, you'd probably be eating fees up the ass paying the longs for your shorts.

>> No.8858898

>>8856547
teach me your ways. What did you see that anyone else didn't?

>> No.8858927

>>8856393
Nice inspect element pajeet
Unless you got insider information and are a whale already you can't use anything above 5x, that's not how it works
Kys

>> No.8858938

>>8856595
Hes larping 100%

>> No.8859013

>>8856449

Nice larp, contracts expire in a week max and btc was 17k 4 months ago

>> No.8859105

>>8856393
What websites do you use to short and how