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/biz/ - Business & Finance


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18321197 No.18321197 [Reply] [Original]

I shorted 50x with my last 400$, it's gonna go down right????

>> No.18321279

>>18321197
it will probably go down, but you should try to fix your gambling addiction, bro, otherwise you will never make it

>> No.18321288
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18321288

Help me
$7355 liquidation should be high enough right?

>> No.18321304

>>18321279
I'll stop I just need to make some money back
Thanks for the encouragement

>> No.18321380

>>18321288
I can't really say, while the likelihood of going down to mid 6k is higher, a pump to 7500 before that is not out of the equation, so that might fuck you

>> No.18321413

>>18321197
back to 6.8k if 6.8k broken back to ~6.6k

>> No.18321442

>>18321380
Alright thanks for the feedback, i'll put up a stop loss once I secure enough

>> No.18321463
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18321463

>>18321197
newby tourist from /p/ here, what's shorting?

>> No.18321466

>>18321413
That would be great man

>> No.18321559

>>18321463
shorting is when you borrow assets and then sell them in hopes that the price goes down, then you buy back the assets for a lower price, return them to the lender, and cash in the difference

>> No.18321618
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18321618

>>18321559
Nice explanation fren

>> No.18321633

>>18321463
welcome, /p/
/biz/ this is the healthiest board of 4chan

>> No.18321716

>>18321463
That anime is depressing

>> No.18321732

At top of ascending wedge plus at resistance on 4h, so yeah hopefully fine.
Or it’ll scam wick up again for no reason, yeah probably this

>> No.18321788

>>18321559
thanks friend

>> No.18321790
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18321790

>>18321732
Oh god oh fuck it's doing the scam wick jesus christ help me

>> No.18321989

>>18321790
High leverage loses more money than it makes, just results in emotional gambling

>> No.18322088
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18322088

>>18321989
Damn right I'm emotional, I'm on the verge of exploding
GO DOWN GO DOWN YOU STUPID SHIT

>> No.18322103

>>18321197
do not open a position before halving
can you wait 38 days you degenerate?

>> No.18322143

i give you my energy friend
summon red dildos

>> No.18322180

OP you are MASSIVE retard, its uptrend, all drops get eaten fast means its not dumping and youre fucked

>> No.18322270

>>18322180
the resistance above is still stronger than the support, so it's more likely to go down, but you are right it's a risky trade, and like I said it's possible that it pumps to 7500 before going down

>> No.18322610

>>18322180
We'll see... hopefully I won't get rekt
>>18322270
>>18322143
Thanks frens

>> No.18322683

50x leverage guarantees that you will get liquidated before dumping.

>> No.18322782

>>18322683
How far up do you reckon it will go before dumping?

>> No.18323008

the market doesn't care if it's your last $400

>> No.18323091

>>18321197
Wtf are you even doing?
This is not different than playing a shitty video poker scam
You got a gambling addiction faggot
It is really easy to make money
Buy low, sell high, and don’t use fucking leverages, play the long term gain and wait for addicted gamblers to put liquidity in the system
Be on the other side of the table

>> No.18323508
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18323508

>>18323091
How does the liquidity of addicted gamblers enter the wide crypto market anyway?
It just stays on bit mexico where all addicted gamblers are

>> No.18323516

>>18322782
My opinion is irrelevant, I made many mistakes, mostly because I can't follow through with my plans and this market is great at making you second guess yourself. Since you asked:
I guess the giga dump attracted new buyers, of course they couldn't buy the bottom and won't have the patience to wait so they will buy/have bought already. I'm not going to be surprised unless we surpass March levels before dumping significantly. 7355 could happen any minute, I'd sell as soon as I turned a profit if I were you. Unless you wouldn't give a fuck about going to 0.

>> No.18323623

>>18323516
I understand, thanks for sharing your experience

>> No.18324151
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18324151

Rip in pepperonis

>> No.18324236

>>18323091
>dont use leverages
fuck that, just dont go 40x

>> No.18324270
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18324270

i'm sorry anon

>> No.18324272
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18324272

another one bites the dust

>> No.18324285

>>18321197
OP, you still alive?

>> No.18324630

>>18324285
Op's dead

>> No.18324674

I just bought more gonna open a new short fuck arthur

>> No.18324694

>>18324272
Why would anyone voluntarily bite dust tho?

>> No.18324711

F

>> No.18325091
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18325091

seems like it's going to be a scam pump after all, slightly off of 7500 like I said. it will probably dump now. too bad for op, this is why playing with really high leverage is not a good idea.

>> No.18325735

>>18321559
why the FUCK would you do that

>> No.18325795

>>18325735
So you can make money when markets go down.
It can be risky, but as long as you manage your risk correctly, unlike op, you should be fine. A lot of people made a lot of money shorting this big crash in the market, by shorting it.

>> No.18325830

>>18321197
so ya lost everything? back to work i guess.

>> No.18325868

>>18321197
Have strong hands fren. I’m not selling until 1 k, but if you knuckle under now you’ll lose the dip.

>> No.18326058

>>18321716
it's sexy
Haida <3

>> No.18326134

>>18321197
lol

>> No.18326177

>>18321463
You can't escape olympanon kys cuck sensor faggot

>> No.18326222

>>18321197
Imagine shorting the future of money

Take the call on CKB option honestly you have probably only this one last chance to regain. Everything is about to go parabolic. Sell when you can outright buy houses. Good luck.

>> No.18326345
File: 12 KB, 227x220, retsuhaida.jpg [View same] [iqdb] [saucenao] [google]
18326345

>>18326058
Furfag reeeeee
It's true though. Also Retsuko is the NASDAQ and Haida is /biz/

>> No.18326371

>>18321304
>I'll stop I just need to make some money back
kek. you'll never forget the rush when you got lucky while goin all-in.
just like a poker player that gambles away thousands and thousands b/c he wants that feeling back when he got that glorious royal flush at the 1cent table.

On a side note: Once I folded a royal flush by accident, hehe. THAT's retarded.

>> No.18326413

>>18326371
>On a side note: Once I folded a royal flush by accident, hehe. THAT's retarded.
It's especially retarded because that means you also folded the nut flush. And broadway. What the fuck were you thinking?

>> No.18326426

>>18326345
Based furfag anon, you gonna make it.
I hope LINK makes us rich so I can spend a literal million bucks in commisions of Haida+Tadano.

>> No.18326470

>>18326413
>What the fuck were you thinking?
it was online poker. had an (for me) unsuspicious, real shitty flop and checked the "fold at any raise" box and watched the drama ... ahem ... unfold when opp raised at river. I was young.

>> No.18326631

>>18321559
How does that work? You buy high, it dumps and you sell on leverage only to buy again at a lower price to return it to the lender.

Does it work on the grounds whereby you buy at the price and open a sell at leverage to break even, buy back and resell it to the lender?
What do you mean by cash difference?

>> No.18327787

>>18326631
You borrow assets, sell them at the high price, watch the price dip, then return the assets while keeping the money you got when you sold them minus the money you spent when you bought them again at the lower price.

Fucking up is when you borrow assets, sell them, then have to buy them back at a higher price.

>> No.18328151

>>18323508
Bitmex price affect the arb bots

>> No.18328236

>>18326345
I couldn't handle watching more than a few episodes. Shits so depressing.

>> No.18328275

>>18328236
She’s the ultimate wagecuck

>> No.18328339

>>18322180

Accelerated short burst upward are super bearish. We are still in a bear market. It just means it's preparing for a dump in most cases.

>> No.18328350

>>18327787
Is there an app to do this? I been using cashapp