/biz/ - Business & Finance

ooo yasss queeen

>check sell orders
>Massive sell wall

Nop. We will go to 19900 and then 18600 again.

>>24510683
>massive
i'll show you what's massive, that's not massive

gonna ask here while bumping the thread:
can someone give me a quick rundown on leverage? I think I get the gist of it I am just wondering what do companies gain from "lending" me money?

Checking in, most obvious cup and handle on history, will blast off soon

>>24510729
they take part of your money as a collateral and if you get margin called, they get your money

>>24510868
I got that, but there must a way for them to profit from lending me money right? Do they take interest or extra amounts of fees for example? I can't seem to get an accurate answer when googling.

>>24510932
binance, for example, lets you borrow money up to 10 times of your balance iirc and you pay hourly interest on the borrowed money

>>24510994
Thanks anon for clearing that up anon. Got any insight on the best leverage provider? (zero interest would be ideal, even with high fees).

>>24511056
no idea, i dont use leverage, maybe some other anon can help you out

>>24511097
no worries anon, you're cool

is it just me or did the orderbook get empty suddenly?

>>24511411
yep, its happening

>>24510646
>makes obvious statement
>screencap this
k

>>24510646
No it won’t.

>>24511728
it will

>>24510646
no dude, whales are forcing insitutions to buy about 30 billion dollars worth of bitcoin at 18.5-19.8 first

>>24511728
https://www.reuters.com/article/cryptocurrencies-sp-idUSL1N2IJ0TG

that wall at 19.5k is getting thinner and thinner...

>>24511056
the best way to use leverage is by buying IN THE MONEY call options. (LedgerX if you’re a burger.) It gives similar returns compared to margin trading except you can’t get liquidated.

For instance, right now Bitcoin is around $19k. 100 calls at a strike price of $15k costs about $500 (for the Dec 18 expiration). If it goes to $20k and you sell, you should make $1k profit from your $5k investment. So, you made +20% from Bitcoin moving up about +5% (19k->20k). That’s kind of like using x4 leverage, except a scamwick wont liquidate you because you aren’t borrowing anything. Just be sure to sell your contracts before the expiration (unless you have money to settle them yourself, as they are "physically settled").

This might sound like a pain to learn but it’s the same reward as margin trading with no risk of liquidation.

>>24511939
*100 calls at a strike price of $15k costs about $5,000 (for the Dec 18 expiration).

>>24511939
>>24512001
based af
gonna look into it right now

bobos? yeah, they are finished, i tell you folks

>>24510646
wednesday faggot