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/biz/ - Business & Finance


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9912623 No.9912623 [Reply] [Original]

So let's say I buy1000 LINK on Binance for 20 cent. Why would they ever want to buy those back at 22 or 38 , why not always buy back lower so they can make money on the difference?

Sounds quite stupid to lose out on that

>> No.9912629

Is that Pepe grown up?

>> No.9912633

>>9912623
>let's say I buy1000 LINK
absolute brainlet detected. thread saged and ignored

>> No.9912638
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9912638

Oh my fucking god imagine not even understanding how markets work

>> No.9912639

>>9912633
Ok, let's say ENG then...

>> No.9912901

>>9912623
Is this real life?

>> No.9912932

>>9912623
Do you really think its Binance buying?

>> No.9912987

That's how the chinks get you. They sell you cheap coins and derisk. When the coins are up in value they snatch them up to secure profits. Think of it like converting a hondo into a lexus.

>> No.9913045

>>9912623
wait i've never thought of it like this before wtf... how the fukk does binance even make money lol

>> No.9913061

>>9913045
>>9912623
Being this retarded

>> No.9913117
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9913117

>>9912932
yes I click either buy or sell button on binance.com , then get coins or btc/usdt

it's there for sure

>> No.9913136

>>9913045
fees you dumb mother fucker

>> No.9913601
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9913601

>mfwI realize that people like this give me financial advice here

>> No.9913653

>>9912623
The exchange gets paied to facilitate trades between buyers and sellers. They get transaction fees to do that. They also maintain reserves so people can transfer coins of their wallets. They also make a lot of money stop hunting and liquidating your leveraged posit.

>> No.9913668

>>9913653
But why would someone buy higher? That is quite stupid. What if they can not sell back?

>> No.9913691

>>9912623
FUCK
not sure if larping or not but this post is triggering me HARD, I screamed through the whole neighbourhood raging
if youre not larping kys

>> No.9913699

If you bought link @20 cent you also bought higher than somebody else.
Literally every market works like this.

How stupid is this board gonna get?

>> No.9913716

>>9913699
Yes but I buy from Binance, not from some guy on IDEX. That part I don't understand how it's profitable.

>> No.9913719

>>9912623
I cant handle this..I..this is just...its over for me now. I cant visit this board ever again.

>> No.9913721

>>9913668
You understand people lose a lot of money trading especially on margin. Emotionally trading is hard to overcome.

>> No.9913737

>>9913716
FUUUUUUUUUUUCK FUCK YOU REEEEEEEEEEEEEEEE AAAAAAAAAAAJABAASHFJFKFKLEEOKRKRKKR FUUUUUUUUUUUCK FUCK FUCK FUCK YOU MOTHERFUCKING IDIOT FZZZUUUUUUGNDLSÖEORITNFNFNKC KKKKK

>> No.9913746
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9913746

>>9913601

>> No.9913751
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9913751

>>9913737
What's wrong anon? Using too much leverage on Bitmex ?

>> No.9913755

>>9913716
You are NOT buying from binance. Somebody is selling their coins on the binance platform.
Binace only earns money trough the fees of the trades.

Good trigger post tho.

>> No.9913766

>>9913755
I am, I just used the "buy" button on Binance.com, after I deposited some freshly bought crypto from the Coinbase app.

>> No.9913768

>>9913751
Ok youre larping god thanks. 9/10 you triggered us hard lol, god job anon

>> No.9913784

>>9913766
Fuck i hope this is a LARP.
You can't be that stupid after somebody just explained it to you.

>> No.9913786

it has to be a larp. nobody can be this fucking retarded. Im gona leave it here in case it isnt just so we can end it.
BINANCE DOESNT SELL U THE COINS U ABSOLUTE FUCKING MORON. EXCHANGES/MARKETS FACILITATE TRANSCATIONS BETWEEN BUYERS AND SELLERS. NO, YOU ARE NOT BUYING FROM BINANCE, YOU ARE BUYING FROM SOMEONE WHO IS SELLING.
Now go google what is market selling/buying vs. limit orders.
AND GIVE UR FUCKING MOTHER HER CARD BACK.

>> No.9913791
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9913791

>>9913768
wanna buy my LARPCoin? ICO next week. Get paid by the amount of replies on a LARP post

>> No.9913795

>>9913751
topkek larp, good one but you overacted at this point

>> No.9913804
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9913804

>>9913786
i followed this guide, it LITERALLY SAYS buying from binance https://cryptosrus.com/how-to-buy-cryptocurrency-on-binance/ so STFU

>If you select ‘Market’, Binance will buy at the best price possible. But if you wanted to do a ‘Limit’ order, you can set the amount you want to buy at. For transactions that are still open, they are listed under the ‘Open Orders.’

>> No.9913806

>>9913766
thank fucking god its a larp. 8/10 should have kept it going longer

>> No.9913810

>>9913791
this would finally be the one and only bizcoin and not link

>> No.9913819

>>9913804
7/10
delete the previous 3 posts and keep going plz

>> No.9913842

>>9913804
Next time dont overact the retarded newfag so much and dont use pepes, especially those rare ones

>> No.9913864
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9913864

>>9913842
So one could say I triggered you, by triggering your first trigger reaction ?

>> No.9913920
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9913920

>>9913864
Well..yes

>> No.9913970
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9913970

>>9913920
mission complete

>> No.9913980
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9913980

>>9913716

>> No.9914051

Even if he is larping, i'm pretty sure that there are people this stupid around here.

>> No.9914406

>>9912638
pretty sure this is a shitpost