/biz/ - Business & Finance

This salty faggot probably reported them to the feds after aurthur necc'd him

Pathetic ugly manlet.

Ethereum will flip bitcoin next year

and link to the actual fucking part of the video where he says it

https://youtu.be/WkVeQQAeBjA?t=1530

>>12087799
>you think they will get cuck'd?
Tell me:
how many bucket shops stay around for more than a few years?

Vays comes off as a professional, yet everyone knows that bitmex will go to hell sooner or later.

>>12087823
yeah and he's in new york where this a crypto ban and he likes to call out other people for doing "illegal" things and he was jepordizing bitmex by being really obvious about his residency even though he lied on twitter and then later admitted to spending over 30 days in the US

>>12087825
>REee vitalik scam coins REeeeeeee

here is his law video where he talks about the 1broker shutdown and he will probably talk about bitmex or crypto exchanges and he has some statist lawyers on

https://youtu.be/FQDrZb4zNoQ

>>12087799
Way too long.
Bitmex will exit scam in less than a year.
Arthur will be in Japan recking tight pussies.

>>12087854
He does not come of as a professional what the fuck are you smoking.

He sells courses counting candles that have been proven not to work time and time again. You're a fucking sheep who can't tell when someone is a low IQ moron that is just selling you something.

he's right, all future margin trading will happen on a regulated exchange like coinmetro

>>12087799
I don't think that's likely, but that would be great.
Bitmex is cancer

>>12087799
Hes not wrong. The regulators will make it impossible for this casino to keep operating.

>>12088561
it's not a casino. you're shit at trading

>>12087799

Stop posting anything related to this Mongoloid.

so his statist lawyer guys posted this on twitter

https://twitter.com/propelforward/status/1072127124776120325

I guess there is at least a year left before the crackdown.. not financial advice and the statist lawyer guy keeps saying 2020 (cyberpunk) and that the government "moves slower than most millenials would want it to.

Just in time for margin dexes and the april 20th 2020 bull market halvening prophecy.. could be an interesting time in crypto.

>>12087854
>>12088332
>>12088538
>>12088561
>reeee muh casino cancer reee

umm sweetie actually butthurt JEALOUS violent communists like you are the real cancer

>>>>>>>>>>>>>>>>>>>/reddit/


there's still time to pick up forex i guess.. i doubt there will be a broker that will give you a market maker rebate though..

also what about kraken???

you think they will get krakked down upon??

seems likely because they talk shit to the regulators, which i like but it's not helping them

the whole theory will be that there will be boomer registration and limits for trading unless you have a larger account size or something and only big dogs will get margin.. or else maybe it will be like forex regulated brokers but bakkt, gemini, and coinbase seem the most likely candidates even though they dont have liquidity as no one likes trading there but maybe that is why they want crackdowns

>>12089026
>umm sweetie actually butthurt JEALOUS violent communists like you are the real cancer
bitmex business model is trading against their customers.
You think you're playing against other traders, but actually most orders are taken by bitmex itself.
They know exactly how much they have to pump/dump the spot market to generate cascading liquidations. It's their main profit source.

>>12089026
>https://twitter.com/propelforward/status/1072127124776120325
> $ETH devs have failed to get the miners to go POS for over a year
where the fuck do bitcoin maximalist get bullshit like that

>>12089081
>bitmex business model is trading against their customers.
no you just suck.. oh jeez the order book got spoofed.. TOO BAD THEY PAY YOU TO BE A MARKET MAKER and you are going to get traded against by whale minions no matter what you fucking cuck communist faggot

>actually most orders are taken by bitmex
itself.

A WHALE IS A WHALE.. they can see my orders like anyone else and show fukcing proof

>cascading liquidations
>babby's first stop hunt

here's a protip (not financial advice).. if you see a candle dip below support and retrace it immediately.. crypto cred and trader dante both make a big deal about this technique

>>12089107
theyre batshit irrational statists

check out how fucking creepy this lawyer guys is..

https://twitter.com/dcsilver?lang=en&lang=en

>First #America is a large place - you don’t speak for the masses - Second you work for VanEck so by definition you are biased - third - you don’t want to discuss the market manipulation problem. #SlowAndSteadyWinsTheRace #ExposeTheFraud #2020TheRegulatorsAreComing
> #2020TheRegulatorsAreComing

wew.. someone rooting for government is the creepiest shit ever.. but hopefully he is right and it takes them a few years with inefficient bureaucracy and all and there are people working hard on dexs and even if there is a small gap year we can just trade forex for that time

>>12088561
>>12088762
This, anything over 5x is gambling

left something out typo

if you see a candle dip below support and retrace immediately **then fade it with a market order **

(not financial advice)

based Tone Vays

can’t wait until that nigger is in jail where he belongs

>>12089157
>no you just suck..
I have never traded on bitmex.
They have the exact same business model as forex bucket shops. I know how this shit works.
They are 100% trading against their customers. There are no laws against that.

Bitmex was the source of all barts, it was getting too obvious so they became less aggressive

>>12089163
holy fucking shit this is irrational fucking bullshit

THE MAINTENANCE MARGIN INSURANCE FUND THING DOESN'T REALLY INCREASE TILL 50X SO BEING ABLE TO PLAY 10x AND 20X JUST MEANS YOU DON'T HAVE TO RISK KEEPING AS MUCH CRYPTO ON THE EXCHANGE

fuck you are a fucking pussy i hope you fucking know that

i agree. i've been trading there for 1.5 years but i know it will end. without KYC they're dead. just a matter of time. it's just a question of who will shut them down

>>12089189
>They have the exact same business model as forex bucket shops. I know how this shit works.

TOO BAD THERE ARE TRADERS PLAYING THE BROKERS OFF EACHOTHER.. LOOK UP TRADER DANTE'S "STORIES FROM TRADING" VIDEO WHERE HE EXPLAINS IT

>source of all barts

OMG A FUCKING MARKET DEVELOPS AND BECOMES MORE SOPHISTICATED AS WHALES DEVELOP BETTER STRATEGIES TO TAKE YOUR MONEY WAHHHHhhhhhhhhhhhhhhhhhhhhhh IT'S NOT LIKE THE TEXTBOOK ELLIOT WAVES ANYMORE WAHhhhhhhhhhhhh

YOU HAVE TO IMPROVE WITH THE MARKET YOU FUCKING COMMUNIST PUSSY NOT FUCKLING INVITE GOVERNMENT INTO YOUR FUCKING BEDROOM YOU FUCKING NSA FUCKING KEK SHILL FAGGOT!!!!!!!

>>12089198
>who fbi/sec/cftc
>when according to the lawyer that is suing ICO companies, 2020
>what will replace it

something like dis:
https://medium.com/@George_harrap/bitshares-margin-trading-and-swap-contracts-on-the-dex-discussion-3856b00a8349

also ether delta is still up even though the creator got fined

>>12089214
you are dumb. When they begin liquidating people they stop accepting orders that would impede that. 'order submission error'. It's all planned.

>>12089198
also the biggest thing is that they are not in the united states and they block US Ip addresses

apparently this might not be good enough but they also might get some kind of deal where they pay a fine and just do better KYC in the future

>>12089271
or regulators just watch their wallets and see where the BTC flows so its possible you send from one adress to the other and on that adress they have KYC on you and can send you some goons.

>>12089262
and ofc you have no fucking proof

and you know they built the biggest exchange in only a couple years so you should just be grateful it works at all

you raise a good point and there might be truth to it but begging to be cucked by government because you are too pussy to trade is gay af and the real solution is a more transparent decentralized platform

and also the orders are fucking CRAZY at those peak moments so yeah at some point they will reach a limit to what they are able to process but like with anything else in trading you can fucking ADAPT to it and even fucking profit off of it!!!!!!!!!!!!!!!!!!!

>>12089299
you mean like they just watch the bitmex wallet and when certain people deposit they notify bitmex and say "kyc his ass?"

>>12089316
no I'm saying they don't need Bitmex consent at all, they just watch where the Bitcoin goes, like what address sends it where and if it touches an address that has KYC on it, like some coinbase wallet or something then they got you by the balls when you try to cash out.

>>12089262
also bitmex has fucking low as fuck fees and will literally pay you money to get limit orders filled.. what other regulated exchange will do that with low capital accounts???? that is a huge bonus and the government is only fucing over and gatekeeping little guys with boomer tier registration

>>12089339
true but that's more on an individual level and i guess the prediction would be that bitmex starts seizing funds of these people more??? that would help their case tbqh although i hate it all

also tone's prediction is that chinese and hong kong exchanges will survive because uncle samo cant get them under chicom protecc

so maybe there will be a happy ending yet.. and i would actually take a bet with someone that if there is a power vaccuum created by a US crackdown there will be something that fills it

>>12089422
>bitmex starts seizing funds of these people
I don't think they will seize funds as this would be bad PR and would lower trust even more.

They also don't seem to give much of a shit if US residents are allowed to trade there or not so I think they will remain in that grey zone while regulators in the US and Europe will use analytical tools to see where the BTC goes to persecute people for tax evasion.
so basically the risk is entirely on the side of the customer.

>>12089515
i get what youre sayan man but here is the thing.. they went after 1up.com or whatever it's called even though they said they blocked US customers although they were in the US marshall islands

>>12087799

hey good for him he finally got a haircut

Anybody got intel on whaleclub? They seem legit but I can't be assed to send some spare change over to find out myself.

>>12089625
>whaleclub
wow i thought this was just a normal exchange

seems like they are in hong kong so safu from greedy IRS FBI POS

>>12089586
of course if they find a way to fuck them they will do it but government usually goes after the lowest hanging fruit which in this case is the customer. They will fuck people who make gains there and they will make it look to you as unattractive as possible so less and less people will want to try that gamble.

Just in case you should never send BTC directly from and to Bitmex because remember this shit is logged on the Blockchain forever and they have the tools to go through that.

>>12089707
as long as you are in the US at least ;)

youre right though

>>12088762
No, it's a casino and you are trying to justify your gambling addiction.

>>12089933
>as long as you are in the US at least ;)
nobody guarantees you that others remain neutral on this subject so in the future you might face the same problems.

>>12089948
not gambling faggot. i've made consistent profit for 1.5 years. it's much easier to make money there than in traditional derivatives markets. far less professional competition

>>12088332
They don't like niggers in Japan, so that's inherently wrong.

>>12089997
Enjoy it while it lasts then, make as much as you can. They are on borrowed time.

>>12090022
i know thats why i make sure to cash out occasionally in case i won't be able to withdraw after they get shut down (or hacked, or stolen from, whichever comes first)

>>12087799
Based on what? He's manlet anger towards them?

>>12090040
there's still huobi?.. you wont get market maker rebates though

have you traded forex?? any recommendations for a broker?

>>12089963
yeah i guess it's good to stay as anonymous as possible but i highly doubt they will go after retail investors retroactively except maybe seizing funds on the exchange or something because they havent issued guidelines and youre supposedly only liable for taxes when you cash out

and also in the TOS it explicitly says US residents and there is no specifics against US citizens and for example tone doesnt seem worried about getting caught trading there and he is friends with all those lawyer fags

>>12090084
there's also deribit. i trade there as well but it too will get shut down. possibly even before bitmex

i don't trade forex or cfd's but i occasionally trade futures contracts and options in traditional markets. there are tons of brokers for this. i use ameritrade (despite being a european citizen)

CFD brokers are almost as shady as bitmex so i try to avoid them

>>12090022
so what do you think they have done that is sooooo illegal???

so far it's only not screening customers tougher but they still screen based on IP which SHOULD be good enough and kyc and aml are only for ((((g20))))) countries?

>>12090112
>deribit
why would they be in more danger??

you like them because of the fees?

also they are literally working on futures/margin trading on dexs so hopefully it's ready in time.. bootlicker lawyer thinks they still have a year left

>>12090151
i dont know much but being based in the Netherlands sounds like a horrible idea to me. afaik even trading such unregulated low-margin requirement derivatives products is banned there

>>12088352
The low IQ people are the ones buying. I don't like the guy, but dont blame him for brainletts wanting to throw their crypto at him.

>>12090118
Institutions will take over crypto. Do you think they are gonna let Bitmex keep taking such a large cut of the pie? Think about it. There's gonna be a lot of powerful crooks kicking them to the curb.

>>12090217
i see i see

what about etoro?? they do forex as well?

nvm about etor lol all kinds of sketchy chit

or actually idk just from what i read on reddit it sounds sketchy but if they have reglatory approval in europe then maybe they will stick around

i guess i just have to deposit money there and see

>>12090270
>>12090288
>>12090297
>etoro
>CFDs
i dunno, it may or may not be legit but i have no reasons to touch it

>>12087825
>Pathetic ugly manlet.
/ourguy/ confirmed then

>>12087825
Dilutional

>>12087799

Look at this face. Does that look like an honest face to you? There's no way bitmex is 100% legit.

alot of these companies are going bankrupt left and right. Eth developer Lubin laying off people. Most of the shitcoins. SYScoin's development company is going under. Steemit laid off 70+ percent of its staff.

"Who shorted the market?"
"Why did the government allow this to happen?"

>>12089081
>other traders and bitmex are mutually exclusive categories
lel

>>12089948
>I'm too stupid to make money trading, so that means everyone else is too
i'm glad you're in this market

>>12090751
Dude, dont be mad because bitmex is done for. It's just the sad reality of how things will go. There is nothing you can do to stop the inevitable.

>>12087854
How many of these bucket shops do upwards of 10 billion dollars in volume per day (in a bull market)? I don't see how they are going away anytime soon, they are making a fucking killing and they are located in Seychelles.

>>12091208
Who cares if they are in the Seychelles. If every country out there pulls an SEC, where are they going to get the liquidity to make money?

>>12090561
negger is faggot though
> h-heh I let you open the trade, b-but it was just a joke eh, you are not allowed to trade here anyway

>>12091244
There are dozens of Seychelles-like countries where you can host a non-US-sanctioned financial instrument. They're all going to disappear overnight because of some bitcoin exchange that you think is a scam? Say goodbye to Binance too.

>>12089173
What do you mean “fade it”? Like close your position? Do you mean that’s a sign that it’s going to pump the opposite direction, since the liquidity has been found and stopped out

>>12093659
>fade it

idk it's slang i heard in trader dante's vids and it sounds cool.. i think it means "bet against"

so ive done this on the last few stop hunts and the next time it happens im going balls deep because it has worked every time... basically as soon as i see an obvious stop hunt retracing on itself fast i bet in the direct it's retracing and when the stops are found and trapped traders are closing their positions that generates price movement in the opposite direction of the stop hunt and in this market a lot of these stop hunts become short squeezes

>>12094470
Amazing. What do you think of the current PA right here......genuine move upwards to break 3500 support? Or rejecc and back down to new lows

>>12095034
you might be interested in this video and the rest of dante's vids and cryptocred's vids as well.. this one is about the swing failure pattern which is related

https://youtu.be/NrIXfv94Jgs

and this isn't financial advice obviously but i longed this little impulse and now short scalped it but might just break even idk because we are testing support currently but yeah i think we have to break above at some point to advertise to potential longs

>>12095034
im not sure about 3500 either.. we'll get more information soon

>>12095034
here's cred's vid about order flow and he talks about trapped traders and stop hunts

https://youtu.be/1ffxSdX48VI

>>12095077
Thanks I’ll watch it. And that’s pretty much exactly what I did and was thinking.....scalped long on that move up and now in a small short but am thinking about going back flat. This looks like potentially the start of a reversal

>>12095083
right on.. the only reason my shorts aren't working out very well is because i just woke up and i smashed market buy/sell because i was making food.. it worked with the longs though

another thing that cred mentions in his videos is that the first test of resistance is most likely going to fail and that support gets weaker every retest

this trade almost worked out perfectly except that i hit market order instead of putting in the time to place limit bids.. i nailed the long though

it's crazy though how on lower cap alt coins a little tiny blip on the chart can be over 5 percent

>>12090492
I don't know, he looks pretty suave and forthright to me

>>12096430
look at him handle that red candle!

i sort of called this last massive candle here >>12095061
>but yeah i think we have to break above at some point to advertise to potential longs

it's almost impossible to predict when something like that happens but you can prepare for it and in this case that was just moving my stop on my shorts and i had already taken profit at the shoulder support

not really sure what happens next tbqh.. it didn't retrace fast enough for me to market sell but i think we might flirt with this range a bit but it seems like the market wants to punish short sellers and advertise to longs also check out the shorts vs longs chart

>>12090491
Did.. Did you mean delusional? You cant be this fucking stupid right?

>>12089193
Basically this.

>>12097234
ha yeah people who think "100x is basically gambling" are people who think trading means betting 100 percent of your capital on every trade and don't realize almost everything in life is a fucking gamble of some sort

>>12087860
>new york where this a crypto ban
New York? You mean Kike Central?

>>12097368
nah more around kike boulevard

>>12089026
This butthurt gambler who knows his casino ponzi is nearing the end.

>>12097430
oh hey a leftist

>>12092456
You missed my point. If the countries with the highest liquidity going to bitmex stop allowing people to trade there a la SEC, what are they going to do? Operate an empty casino? They'll go from a vegas casino to an atlantic city irrelevant shithole.

>>12097451
>everything I hate is a leftist
Far from it hun

>>12097430
oh hey and btw trading serves a purpose in free markets.. i know you hate those though and you want to be CONTROLLED BY OTHER MEN soooo bad though

>>12097466
umm sweety if you ENJOY having OTHER MEN tell you what you can and cant do with your money then you most certainly are a pathetic envious leftist

>>12097455
you know if you think about it everything in this world is some form of risk reward scenario..

thanks for operating "a casino" in your bedroom anon

>>12097466
and fyi nazis are communists and no one kills communists better than communists

:^)

"Reeee who could have let this happen.. REeee who shorted it... REeee soros soros soros pound reaaa"

>>12097490
Man you got triggered as fuck. Good luck to you I guess.

>>12097466
oh and btw price discovery, which futures markets are great for, and waht bitmex is the best at.. ARE SUPER FUCKING IMPORTANT FOR CAPITALISM.. but yeah you're not a free market hating communist or anything sureeeeeee

>>12097504
>xDddd why are you so triggered at brutal authoritarian violence anon :^)

haha fucking bootlickers lol.. i'll pray for you ;)

YOU'LL FIND LOVE SOMEDAY ANON!!!! DONT WORRY!!! SOMEDAY!!!!!!!!!!! DON'T FORGET ABOUT ME!!!!!!!!!!!

>>12097518
Who would argue with a raging lunatic sperging out? Good luck mate, get that gambling addiction checked out one day.

>>12097535
actually ive provided at least 3 logical arguments already but like a leftist you are just resorting to some kind of ad hominem like copout.. and yeah i know i just did that but i already pointed out a few arguments so you're just a faggot

also you're the one calling the most successful crypto futures market "just a casino" so you're an even bigger faggot for being a tight wad about fucking banter and jokes you fucking faggot

>>12097535
but yeah maybe bernie will win and you can use autism bux to move out of your mom's