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20837193 No.20837193 [Reply] [Original]

Give me one reason to not short the corn. I get 2:1 payout. 9k is way more likely than 12k, right? Isn't this a really good deal?

>> No.20837284

>>20837193
I'd only short if we go back into the symmetrical triangle on the weekly, with the target being the bottom of the triangle. Otherwise wait for a clear breakout upwards above this level and long with low leverage because it's golden bull run time.

>> No.20837307

>>20837193
>breaks yearly resistance
>wants to short it

Are you pretending to be retarded fren ?

>> No.20837378

Okay but more to the point, will this shit go down again so I can buy in, or am I stuck with buying the peak?

>> No.20837404
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20837404

Go ahead seems like a foolproof plan.

>> No.20837430

I've never heard of Bitcoin. What does it do? Is it like Etherium?

>> No.20837474

>>20837193
>called it hitting 11k 2 weeks ago
>had to pay rent instead of buying in a 9k
could have made a quick killing.
now I'm all done for

>> No.20837510

>>20837193
I can't, go ahead and short it. Also make another thread when you get liquidated.

>> No.20837518

>>20837378
It's broken above a 2-3 year resistance level, this could run away quickly and never look back. Plenty of chances to buy low at the support level for the last 3 years, not to mention the covid dump.

>> No.20837553

>>20837193
People have been shorting 10-12k forever. Every time we hit it we get euphoria from the 2017 bagholders, but this time everyone is in disbelief still. The rejection is taken for granted now, Tether is pumping in too much money and when we break 12k millions in shorts get rekt and the fomo goes full gear. This is just like the late 2018 capitulation but upside-down.

>> No.20837566

>>20837193
>shorting a breakout

yeah if you wanna ashdrake yourself, go ahead

>> No.20837645

Because you'd be betting against the big boys who is almost 2:1 in longs, not to mention the masses itself that IS 2:1 long to short

>> No.20837675

>>20837474
And you could have lost it all AND not being able to pay up because a fat whale decides to dump despite what meme lines say

>> No.20837785

>>20837284
sure doesnt feel like it

>> No.20837819

>>20837553
The way I'm looking at it is like a soccer game. Who's more likely to win, home or away? I'd say away is a far favorite, even though it's taken for granted at this point.

>> No.20838113

>>20837675
v true.
so 12k isn't gonna happen I take it?
This is retarded logic but I feel like BTC has a temperature of 10k

>> No.20838228

>>20837819
Spot/derivatives on exchanges is at near all-time low, futures premiums are low... everything points to disbelief. Don't forget in the end there are no two teams playing here, only one team and one audience member. Spot whales alone are responsible for moving the price down, they are the only ones that can crash it. If you BTC holders are not moving the price for you you can short BTC you don't have as much as you want but you'll only get squeezed. Spot is drawing out, derivatives are trying to short. What happens next?
I don't care for what BTC does either way because I'm all in you-know-what, but it seems primed for a green dildo not unlike the red one in March. If you're going to short it at least be safe with your stop loss. I actually started keeping track of these indicators because I saw someone used them being in the exact opposite direction to predict 5k during the February euphoria going into March.

>> No.20838397

>>20838228
yeah but those whales risk a lot more by pumping than dumping I feel like

>> No.20838553

>>20838397
They risk nothing. If retail is trying to short and they do nothing in return, the price goes up on its own to squeeze them 100% of the time, if they're not squeezing those themselves. Don't expect BTC to dump unless you start seeing a lot more BTC being moved to exchanges very soon.
Not to mention the narrative is primed for another normie fomo cycle if we go up from here. Meme lines triangle broken, S2F ghost dance, etc.

>> No.20839138
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20839138

>>20837430

Corn is the basis of life

>> No.20839197

>>20837645
Wouldn't that make it more attractive to short? Always bet against the normies?

>> No.20839443

>>20837193
You can get better payouts at the roulette table

>> No.20839502
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20839502

>>20838113
Beats me. I just do tiny range quick trades at 5x leverages. As you can see, it can fail because a whale or two decides to shake things up hard and fast, forcing you to hold while funding rates slowly eats away if you don't want to take heavy hits. At most i've been down 90%, and 50 away from liquidation due to those unforseen moments. But it's all part of the game.
>>20839197
Not really true, as normies simply hold crypto, not leveraging, and when "everyone", from fat cats to the masses all have extremely high expectations for further growth, it usually means it will indeed go a bit further. You can use binance trade data to see how many is holding longs vs shorts. Although blockchain whisperer is also another helpful indicator of the short term mood

>> No.20839557

>>20839502

Stop gambling it is simply degenerate

>> No.20839596

Because you use the phrase "short the corn" which indicates to me you're a giant retarded internet faggot on 4chan and no matter what you do you will be wrong and fail.

>> No.20839620

>>20839197
You are mistaking what 2:1 longs to shorts means. This means for every 1x money shorting, 2x money is longing. This is not a metric based on users. All the “normies” could be on the short side and one mega whale could be on the longside. So many noobs make this mistake when leverage trading, you really should stay away from it entirely.

>> No.20839684

>>20837193
Are you fukkin stupid??

The whole economy is collapsing and you go short something that is like digital gold?

>> No.20839722

>>20838397
As soon as karens post about it doing the 2017 thing again on FB but for real now due to something something halfening something it's off to the moon

>> No.20839751

shorting corn? in a pandemic? ARE YOU MAD?

>> No.20840564

>>20837193
Selling BTC is not an option. We are here forever.

>> No.20840828

>>20837193
>9k is way more likely than 12k, right?
lol no

>> No.20841063

> does not know about Chinese bank runs
> does not know about Chinese FUD against precious metals
> does not know Chinese can actually do math
> does not know day trading makes you poor.

>> No.20841533
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20841533

>>20839684
lol so deluded

>> No.20842001

>>20839620
Quite true, however Binance provides metrics on how many big accounts hold more longs than shorts.
That said, it could very well mean they have a substantial amount in shorts for BTC, but still more longs for say, ETH, thus get ascribed as "longs" account, so it's still quite a gamble to base decisions on this alone.