/biz/ - Business & Finance

I still dont know what this futures thing is.
Can someone sfoonpeed me

>>5166938
Typical millennial 'investor.'

Cramer is a faggot TV host. Why would you listen to him.

>>5166860
I got bigger news. Those investors are about to get their asses handed to them.

Pink wojaks are coming to CNBC.

If I have learned anything it’s never bet against bitcoin

>>5167021
Wait and see.
Shorts had plenty of time to prepare for this. They won't let the price go up so easily.

>>5167092
bitfinex will just lure them into the tetherpump.exe trap and then anally rape their asses

Protip dick head
When this guy says something, the opposite happens

>>5166938

Thanks for the money.

FUCKING BOOMERS

Fucking millennials with normie coins. Im a gen z investing in low market coins (under 30 million) and they will become kings in 2 years as old generation coins dies and millennials are left with the bags

>>5166860
>Why did you dismiss Jim Cramer

Because Jim Cramer is always fucking wrong. Always.

short squeeze incoming btc to 670k

>>5166938
This is why you'll probably end up losing money

>>5166860

>>5167140
Futures trade on margin....(((they))) are in control now.

Wasn't he in trouble for calling some guy a nigger in the crowd? Why does his opinion on crypto gains matter?

It was just a correction guys, look at it go

>>5167243
this

>>5167301
notethe buy ins. that's the banksters solidifying their positions. now they can whip-saw

>>5166938
people trade what the think the price is going to be through contracts, without actually holding any coins.

>>5167383
but, correct me if i am wrong, anyone can buy Coinz. once they in they can yo-yo this shit on both ends,

>>5167435
they absolutely can, that's why future trading this shit is complete suicide

Fuck market makers are going to love playing with btc futures like a kitten plays with mice

>>5167236
95% of generation z-ers don't even have the money to invest into crypto. Most people who own crypto are people who are 25-30 millenials who actually have careers. Z will be the ones experiencing any crash from crypto.

>>5167092
look, what's the end game for shorts?

>Hint: It's not a singular pump-and-dump.

If they pump the price before January 26th when the first CME settlements are made, they'll need to dump it the next day in order to buy in at a low price. Rinse and repeat.

No one tell them about Lumens.

>>5166860
lol if you think a bunch of kikes can outsmart china and korea you are retarded

>>5166860
everyone cant just fucking go short

someone has to go long too

>>5166860
>listening to cramer
What did you hear that in the subscription pump and dump club he runs?

>bitcoin futures having nothing to do with bitcoin
It's a bunch of rich people betting on what the price will be, nobody who actually cares about bitcoin cares what they think of bitcoin, if you don't care what JP Morgan values the price of bitcoin at then don't worry about bitcoin futures

>>5166860
these people dont realize the power of the HODL meme

we never sell ever!

There is absolutely no way that retards on wall street are going to beat a hundred thousand autistic basement dwelling millionaires. Times have changed. This is a revolution.

>december 8th
>he was talking about CBOE
>BTC literally went up when CBOE launched dec 10th

Already doubled my btc buying the dip then selling the bounce git gud boomer faggot

Btc is too easily manipulated to have futures market. The whole idea is fucked

>>5167867
How are you paying taxes?

>>5167903
Why would cash settled futures affect btc anyway that much?

>>5166860
I can't wait to see the shorts getting rekt. It will be a beautiful sight.

>>5167814
This

>>5167814
PIN IT.

>>5167814
This. there is nothing they can do. they are too old and slow. if they short btc we will all transfer alts into btc and liquidate them. if they buy up all the btc then we will drop our bags on them and buy link or something lol.

Its over we already won. were like the fat kid sitting on top on the nerd in a fight lol.

>>5167383
>without actually holding any coins.
How is this anything other than gambling?

>>5168957
wall street folks seem to think it's less risky

>>5167814
>>5168834
The problem is, they have a team of autistic STEM PHD's, and possibly the fastest trading software that exists out there. A friend from NYC was telling me a couple years ago how their quants were trading using information from the movement of the ocean.
We HAVE to stick with low key alt's, at least for the time being

>>5167140
what if bitfinex was bought by wallstreet...?

>>5166860
Cramer is even more reliably stupid than /biz/.

>>5167963
I-i dont live in the US srs

So, let's say I'm a BTC whale and I don't give a fuck about Wall Street Jews?

They decide to bet that Bitcoin would be traded at $25k, but I'm tired of this shit and I want to buy a mansion and a couple of Lambo and I sell all my Bitcoin crashing the market?

How do they handle this?

>>5167243
he's one of the biggest reasons im sure we have another giant green boner in store. that and my intimate knowledge of bitcoin's curves.

>>5169221
The little pussies halt trading at loke2 a 10% change

>>5169133
>trading using information from the movement of the ocean.

please tell me they just used an algorithm describing wave movements.

>>5166860
I took money out of the stock market in 2010 because of something he said

>>5168957
they promise to buy the coin in the future or something, guessing it will go down, the thing is, this will get all those wallstreet fucks into bitcoin (i think) and they will get addicted and start buying more, causing our bitcoin to go up

>>5169286
He specifically mentioned oceans. Quants are the closest things we have to wizards in this reality.

>>5169017
How?

>>5167526
>Most people who own crypto are people who are 25-30 millenials

But most crypto actually held are Gen X by infinity. millennial cucks. Gen Z will win because they didn't have boomers for parents who thought it would be good to teach their kiddies that life was fair.

>>5169133
>were trading using information from the movement of the ocean

You mean as in, x% of oil tankers and freighters currently at sea will experience counterflow, which will delay x% of oil shipments and increase fuel costs, which will make the oil price rise by x,xxx%?

Or something else? Because that isn't wizardry at all. That shit is my hobby when I'm not trading alts.

>>5169533
I'm talking about applied dynamical systems with regards to the literal ocean, tell me more about your hobby btw

>>5169636
I track ships, their cargo, oil refinery holdings, the weather, ocean currents and estimate the total impact on each industry.

I focus primarily on oil and fruits/vegetables. Since they're the most time sensitive. Thousands of containers of Chinese goods being delayed does fuckall to the price.

It's usually in the very low 0,001 percentages. But there's money to be made.

>>5169533

...

Is this the future? Measuring ocean waves to become a millionaire?

I thought this stopped at internet meme money, but anon, with what you're telling me, we're just getting started.

Tell me more.

>>5169728

How and where do you collect data?

How did you even get into such a hobby?

>>5169728
That's pretty interesting stuff. What kind of tools do you use to track all this information, and how did you get into this? Commodities always looked like they'd make for some interesting trading. Did you used to do this professionally?

>>5166860
It won't go up forever, it'll stop after fiat is dead.

>>5169499
that's not true there's even surveys you can look up that show the age ranges of owners.

they are betting on a race, don't get to take the horse home

>>5169728
Easy example being: 298 freighters en-route from South America to Europe. 205 of them carrying 70% fruits/vegetables. 40% of that fruit belongs to company X with HQ in the US. Counterflow and bad weather leads to an 8 hour delay for 60 of those ships for docking in Antwerp. This means the receiver loses the buyer that has a truck waiting to transport the goods throughout mainland Europe. Fruit company now has to sell the fruit at a discount. I short the stock of fruit company before anyone else figures out what's going on.

I'm just autistic by nature. Which brings me to, buy VeChain to join me on the moon.

>>5166938


Bitcoin is at $15,000.
Future Contract A says the price will be $20,000.
Future Contact B says the price will be $10,000.

Remember these "contacts" literally own 0 amount of bitcoin.

As the accounts of the parties in futures contracts are adjusted every day, most transactions in the futures market are settled in cash, and the actual physical commodity is bought or sold in the cash market. ... So on the date either party decides to close out their futures position, the contract will be settled and cash earned/lost.

It's Wall Street margin trading bitcoin without having to own bitcoin.

>>5166860
nice just bought 100k

>>5169906
how does this differ from a bucket shop

>>5169896
capped

>>5169896
and i thought i was autistic

>ton of millionaire boomers say bitcoin is awful, markets will crush it
>5% drop
>this is what /biz/ has become

>>5169896
This unironically sounds fucking awesome

>>5170147
>>5170311
Its autistic in the best way
https://www.youtube.com/watch?v=KUxMY77i0q4

>>5166938
Essentially it's a contract that will allow someone to buy or sell bitcoin in at a certain amount in the future I think

>>5169896
Fucking kek. Guess I'll read up on vechain

>>5169406

>>5166423

>>5166860
Anyone in stocks will tell you to do the exact opposite of Cramer. Fyi.

>its another USD bagholder episode

>>5167092
You are betting against the fucking illuminati. Suit yourself.

Are banks allowed to legally seize your bitcoin assets if you go bankrupt from debt? Whats to stop you from making hundreds of thousands of dollars in bitcoin purchases, going bankrupt with the only key to your wallet in your memory, and then changing your address and name and getting access to now your millions of dollars in bitcoin.

>>5171820
someone claimed they did this on /biz/ a month or two ago and showed a screencap. they bought over a year ago and said they were forced to live off the financial grid because of it

>>5169896
This is by far the best shill for anything I've ever seen. Brb buying Vechain

>>5171925
What was the post?

>>5172060
It was a post about nothing stopping people from maxing out credit cards and fucking the banks to buy crypto

>>5172060
>>5171925
Pretty sketchy that the post just disappeared like that

>>5166938

it's something retarded wallstreet is doing to tryna get our bitcoins for less than 50 million a piece.

>>5171820
>>5172060
>>5172102
>>5172109

>>5169896
alright, you got me. i'll buy some vechain

>>5169896
whats the difference between this and WTC??

>>5166860
If you would have opened and closed a short on the 8th, you would have actually made money.

>>5166938
You borrow someone's contract and get the difference, if it goes up instead of down then the person shorting gets boned

>>5169499
>most crypto actually held are Gen X by infinity
>I base this, of course, on absolutely nothing
You have to be 18+ to post here, faggot.

>>5169294
All futures contracts are settled in cash. It's pure speculation on price, no actual bitcoin transactions occur in this process Futures prices are decoupled from the underlying asset.

>>5171010
This lol, but wait, if everyone is going to go long surely shorting will be the right thing to do...maybe just ignore this cunt.

Try us, fuckers. You don't understand memes, you don't understand internet, you don't understand shit about the changing world.

>>5169906
What happens if the futures price is different to coinbase? I have no doubt they've thought it through, but I'm just not seeing how btc can adjust now with tether printing (according to the rumours I've heard)

Are we in the twilight zone?

>>5167672
This

BTC can crash 90% and I WILL NOT SELL, EVER, NO MATTER WHAT. I'M NOT EVEN MEMEING. I HOLD 6 FIGURES.

>>5169896
>Which brings me to, buy VeChain to join me on the moon.

Fuck me... I've been reading about them on their subreddit, and they were literally JUST added to a new exchange a few minutes ago, Huobi. Thanks for the tip, autismfag.

Read headline: https://www.huobi.pro/

Easy fucking gains here we come

>>5173415
>Huobi Pro launches VeChain and Salt on December 18

So good news for the Saltycunts too.

>>5167306
>>5167306
Lmao, that's Kramer from seinfeld

>>5169293
How'd that work out anon?

>>5172529
God that's great.

Cramer has been never been right about Bitcoin. Hes been spreading FUD about it for years now.

This is the guy that said "Your money is safe in Bear Stearns" in the beginning of 2008.

>>5173508
Is Kramer writing financial op eds for the msm? What a nigger