/biz/ - Business & Finance

>>9873779
if it helps i lost 0.5 btc lesson learned

>>9873779
did you sell yet?
>>9873824
oh no, a couple weeks worth of salary, how will you ever recover

>>9873779
lost my whole stack months ago, now watching the market and feeling like shit for being out of the game.
everyone, its better staying on the market with some losses or even tethered than losing your shit on bitmexican

>>9873779

>>9873882
yeach becouse live in rich country give me break the average salary here is like 400 usd

I lost everything I made in a year about a month ago (300 000 euro)

started from scratch again with 500 euro
5000 € now

-25% is not liq right? or is it

>>9873911
Then why aren't you getting a degree and a job in a rich country instead of playing with internet money?

>>9873934
This was yesterday. I got liquidated yesterday.

>>9873779
It's just money man. I lost money gambling shorting in April thinking it was a fake break out. I went from winning to at break even. Then i lost 0.16 BTC trying to 10x short ripple which pumped just enough to liq me. After that I stopped using mex. I'm definitly a brainlet but its not for everyone especially the stress of babysitting trades. I recovered with alt coin pumps which I prefer much more than Mex desu. Cut your losses and buy bottomed out alts man.

>>9874005
>0.16 BTC
Reminder that these are the people calling other people wagecucks

>>9873779
same here, I haven't lost everything but it's a lot anyways, shit is depressing, not sure if I should keep trying or not

>>9874038
Obviously isn't a lot money but i consider it a lot of money if im gambling

>>9873932
how?

>>9873779
Damn. I hate that I don't understand the image and can't grasp longing and shorting on Bitmex, at the same time I'm almost thankful because I know for a fact I'd lose everything if I did.

>>9874110
>i consider 1500$ a lot of money if im gambling
Reminder that these are the people calling other people wagecucks

>>9873779

Pic related is my current position, did a thread about it yday. At one point I was 40% down, no stop loss, now I could close at a mere 9% loss. But I don't know what to do desu, it was a 4% minus moments ago. I just feel like with the amount it has dumped its gonna actually do the opposite of what everyone says and pump once mainnet goes live. Plus most people are shorting it if you look at bitfinex, and I like to go against the crowd...

But idk, this is most of my life savings and I have a disabled nephew to take care of.

>>9873779
>Longing a bear market at 25x

i sometimes use bitmex if the market is too bearish, its the only way to make money outside of ICOs

desu, im too much of a coward to put more than 1-2 eth into a leverage trade, i could never use a big percentage or my entire stash on leverage trading

>>9873779
to be fair you have to be a mega retard to long at that level

its fair. markets move money from the dumb to the smart long at 6100 and 100x long at 4600 if it goes below that

>>9874169
shouldn't your uncle take care of your nephew?

surely you are get some kind of payout form the government to take care of autismo if thats really the case?

>>9874151
Ok warren buffet send me 0.16 btc if thats penny change for you .
And btw i dont have to wage cuck for 2 years right now due to crypto :)

>>9874251
so you're just going to neet for 2 years with no plan after that?
Nigga I could extend my mortgage and neet for 10 years right now if I was that dumb.

>>9874214

Parent's ain't around, sister doesn't want state benefits on principle, also my uncle's nephew is me, so I think you meant my brother and sister. But yeah sis is a single mum. We don't know who the dad is etc. etc.

>>9874169
>longing EOS

>>9874169
Are you genuinely retarded?
Do you realize eos tokens outside of exchanges are locked? It would take a miracle for eos not to dump after the launch.

>>9874662

Yeah but that is surely priced in? I mean everyone thinks it will dump so it already has huge amounts of shorts, pretty sure the dump is priced in. Otherwise everyone could be shorting and it'd be like printing free money by your logic.

Like I said, bet against the crowd for the big gains.

Does any body make money on bitmex? All I see are posts of people getting liquidated?

>>9874789
yes, people that use reasonable amounts of leverage and proper risk management do.

>>9874738
They can't be priced in fully exactly because they are locked. Too much shorts would create a risk of a big short squezze before the launch happens.
>Otherwise everyone could be shorting
many people are shorting, but due to the squeeze risk safe short size is limited.

>>9874818

Right meaning there's a good chance of there being a squeeze it's like think of it in reverse.

BNB is gonna burn tokens, everyone is excited thinking they'll go up in value, the burn was already priced in, when the burn actually comes around BNB usually dumps.

Now everyone thinks EOS unlock will dump the price, people open a lot of shorts, lot of people sell hoping to rebuy etc, EOS unlocks, there's no dump, it squeezes up instead.

Always do the opposite of what everyone thinks will happen.

>>9874809
this
How these absolute steaming faggots are still betting entire stacks on one trade I just don't get. The last time I was on this board was about six months ago and plenty of professionals were telling them to stop doing that.
>HURR pro traders only use 0.5-2% per trade, but I don't have to I are special
>DURRR my entire stack 90000000000000X leveraged trade broke again what do

>>9874906
dude we told you yesterday, you are already getting rekt and will be liquidated soon. Muh 'going against the crowd' doesnt always work

>>9874506
Her being your sister doesn't stop that from qualifying you as a duck. You are raising another man's kid for him.

>>9874738
>>9874818
>>9874906
>>9874981

Wouldn't betting on the counter-trade be next to completely useless on bitmex?

Since it's not actually buying and selling of the asset itself, just the speculative exchange of risk based on the price index of the asset.

I never got that. Selling the news, events being priced-in, etc. makes sense but wouldn't the orders on bitmex not actually have any real effect on the price? Therefore it's not useful to think "oh well everyone's trading this way so I'm going to (short,long) the other way :----)"

>>9874906
>Right meaning there's a good chance of there being a squeeze
the squeeze, if it happens, is going to happen just before or after the launch and it's going to be temporary. There's still almost certainly going to be a dump afterwards.
>BNB is gonna burn tokens, everyone is excited thinking they'll go up in value, the burn was already priced in
Can you even margin long bnb? There's no long squeeze if people just buy. So that could be indeed priced in.
>Always do the opposite of what everyone thinks will happen.
Uh huh. Even in the case of a tsunami or an earthquake?

Maybe you're right but imo the EV is heavily negative

>>9875084

Except bitmex does affect price, don't let anyone tell you it doesn't. This is precisely why barts HAPPEN, because when the shorts get liquidated the actual asset gets bought to cover the shorts.
And vice versa when longs get liquidated.

>>9874981
>>9875092

Ok I guess the more relevant question is, what will the bottom be in sats? And please no troll answers like 'sub 1 USD'

>>9873779
>Now I'm just numb.
Good. Do not give up.

>>9874038
made me kek

>>9875113
S-so should I pay attention to the depth chart?

>>9875271

Yes, did you not see what happened in April when shorts hit ATH? That day was my single biggest day of gainz in trading full stop. The adrenaline rush was insane since I went 10x leverage within an hour of that fat 20% candle. And I knew there was a decent chance to get rekt but the stars had aligned, low rsi, high shorts, closing bart etc.

The best thing to look at is google BTCUSDSHORTS that’s the bitfinex shorts chart on TV, which represents more whales than bitmex since it’s higher liquidity with lower leverage amounts.

>>9875113
probably around 55-65k

>>9873779
You will bounce back from this. Don't give up.

>>9873779
you broke the first rule. Now that you're numb, you can trade better. same thing happened to me anon, i'm down 90% from ATH after trading like a dumbass chasing pumps. eventually one thing occurred to me: except for one, every single trade I ever made had the opportunity to sell at a profit if I held longer.

dont trade leverage, that shit is gambling. but dont be afraid to hodl for a month. selling at a loss looking for a better deal is too risky if youre not good at what you do. look for the low buy ins and ignore it. trust your gut. if it looks low, it probably is. that doesnt make it the bottom, but buying the bottom is unlikely. just buy low and hodl til you make it. when something pumps, sell it and buy something else low.

nothing is pumping right now, but thats okay. try and beat the overall market loss, and youll be in better shape when it turns around. dont try and make gains, just lose less.

>>9874169
> longing eos

>>9875443
>look for the low buy ins and ignore it
what I meant by this is basically once you place your buy, just close your eyes and cover your ears and dont religiously watch the price, because being 5% down on a buy you made yesterday hoping for a good turnaround can be stressful.

>>9873779
Dump it :-)

>>9875360

Alright, I rang my brother, I'm borrowing 10k with the promise to pay it back in six months, buying 1.5 btc on kraken and moving it onto bitmex, if EOSBTC drops to 0.12 I'm just going to keep adding margin. The only 100% liquidation is if it hits 42k sats by my calculation and I'm sorry I can't see EOS crashing that hard, it's not like LINK or REQ. So basically I may be the stupidest craziest idiot on biz right now, but I am basically getting liquidated over my dead body.

So remember me in valhalla anons, I'm still young enough that I won't an hero if this fucks up, but sometimes you just have to take stupid risks. I will probs start up a thread tmrw night where we can watch me get potentially rekt (I have a flight to catch tmrw morning so wont be on tonight).

>>9875813
>not having enough going LONG on eos with all live savings, has to ask brother for even MORE money to dump into the riskiest, dumbest move ever
never gonna make it buddy, and your brother's gonna be pissed when it takes you 1 year to pay him back

>>9875857

No way because I won't get liquidated, EOS dropping 60%, in SAT pairing as well not FIAT, that is insane. So worst case scenario it drops 50 and rebounds 20 to stabilise 30% below where it is now, I cash out and pay my brother back minus my savings.

As for making it, you know 90% of people on this site will never make it? Even if they play it carefully, follow all the rules, do their own research etc. A certain part of making it involves luck, and to be honest I can't go through another year of trading my way to microgains or holding 1.5 btc in the hopes it hits 100k. Gonna go big and either crap out or make some gains.

>>9873779
$551 billion in real money losses since January top in this 'totally asinine' fake money bubble. Yes, it was indeed another tulip mania. More importantly, it signals another big leg down in stocks coming very soon due to record valuations & late-cycle Fed tightening

>>9874506
She doesn't want state benifits, but she's fine with taking your money? What the fuck.. Taking care of her child should be more important to her than worrying about taking money from the state. She can pay it back (through taxes) later in life.

Opened just before the dump.

>>9876048
>that is insane
its like you forgot what market you're in. Not only it can drop to $5, it can drop to fucking $1 and i wouldnt be a bit surprised

>>9873932
good job man

>>9876199

A drop to 1 USD would represent a 90% crash in one day. Not a single crypto, not even bitconnect, has fallen 90% in one day. You are blinded by some kind of schadenfreude man. Dropping to 5 USD I can cover with my margin, I will be covered until roughly 3 USD. Because I'm trading the BTCEOS pair, if BTC keeps falling then theoretically EOS can fall more in USD pairing as well. So ideally I won't be getting liquidated. I am very confident EOS will be 12 USD before it hits 3 USD. But again, fingers crossed.