/biz/ - Business & Finance

[Anonymous No.52706556]

what the actual fuck just happened

[Anonymous No.52706561]

>>52706556
pls explain i'm about to go absolutely fucking mental because of this

[Anonymous No.52706567]

>>52706556
Finally someone else saw it too. It went down all the way to 14.1k! What kind of a fucking flash crash was that.

[Anonymous No.52706580]

It's trying to fill the gap at 9300

[Anonymous No.52706582]

The sp dumped on open, god knows why, some boomer died probably

[Anonymous No.52706591]

SBF is back

[Anonymous No.52706621]

>>52706556
>>52706561
gbtc is insolvent

[Anonymous No.52706629]

yesterday i wanted to move my stoploss a bit higher and if i did it's would've provoked it
crypto is a fucking scam, like wtf is this even
who the fuck let this 16k limit orders to pass, this is absolutely fucking insane

[Anonymous No.52706648]

>>52706629
i'm so nervous that i even type shit that doesn't make sence

[Anonymous No.52706661]

>>52706556
Fed raises rates to lessen people wanting to borrow money (leverage) which increases the money supply since borrowing from the Fed is effectively printing money
Fed wants to see businesses borrowing less
Jobs report this morning showed more jobs added than expected/hoped
Businesses are not borrowing less, but seem to still be expanding operation
This means rates are still not high enough to deter borrowing

Therefore stocks and BTC reacted as, "Looks like rates aren't priced in. More pain ahead. Might be a good time to sell."

[Anonymous No.52706670]

>>52706556
Jobs report at 8:30 eastern came in way hotter than expected..good news is bad news since this means the FED will continue to attack inflation...nothing new really the market pumped on hopium the other day

[Anonymous No.52706673]

how can you even trade this market. fucckkkk them. they just won't let you make money

[Anonymous No.52706688]

>>52706556
binance folding now. halting. its going back to 5k

[Anonymous No.52706714]

>>52706670
Similar to the summer, the general population thinks more jobs means the economy is good. Which the economy is.. actually.. good? People still don't really get the idea that the country itself is similar to a personal finance situation.

You have clothes, you have food, rent/mortgage is under control. You can save, you don't need anything from Cyber Monday. So what do you do? Spend more? No. A smart person says save more. Tighten your belt more.

[Anonymous No.52706716]

>phew.jpg

we got a gap bullbros, gaps always get filled, that's a relief

[Anonymous No.52706718]

>>52706556
le pivot meme made bots buy up to 8:30, then jobs came in hot, which is bad for le pivot, so the bots dumped.

[Anonymous No.52706735]

>>52706629
how would this have triggered your stop losses? unless you trade CME Bitcoin futures and if so then lol.

[Anonymous No.52706747]

Employment numbers too high

[Anonymous No.52706768]

>>52706556
Looks to me like lack of liquidity. Some people sold, and there weren't any buyers. Other markets also went to the downside but not as lo as 16000.

[Anonymous No.52706838]

>>52706556
>CME futures
it's thin air, paper-BTC, totally irrelevant
open interest on BTC derivatives needs to go to zero, it's all supply dilution
it's literally trading shit-contracts
how many times do you need to get rugged before you stick to spot markets and self-custody?

[Anonymous No.52706867]

>>52706629
You stop loss retards deserve to lose all your money anyways.
No balls

[Anonymous No.52706876]

>>52706629
Only cucks use stop losses lmao

[Anonymous No.52706880]

i cant believe im sharing this board with total retards

[Anonymous No.52706897]

>>52706556
>CME futures
>futures
Yeah.

[Anonymous No.52707104]

>>52706556
sorry, i put my stop loss too low. they obviously had to stop me out for my $16 position. we can pump now.

[Anonymous No.52707204]

>>52706768
buyers aren't doing it on CME, cause when you buy on CME you are not buying BTC, you are just buying some USD-settled shit-contract with who-the-fuck-knows-collateral, so you add zero real buy pressure
the only people using CME are retarded mouth breathing 80y old dinosaurs
people should stick to spot market, there is ZERO reasons for future/perps contracts to exist for BTC

[Anonymous No.52707252]

>>52706556
A 1 hr level

[Anonymous No.52707417]

>>52706629
on GMX and GNS prices didnt drop under 16.8k but sure keep giving your money to the CEX jew

[Anonymous No.52707513]

>>52707417
100000000% This.

You guys are getting literally liquidated by CEX jews with scamwicks that go far below what they should because inside-trading and -manipulated-

If your going to leverage on a CEX you are literally handing your money to ((them))

[Anonymous No.52707523]

>>52706556
(((CME Futures)))
>Paper bitcoin
kek
Thanks for playing

[Anonymous No.52707611]

>>52706838
>>52707204
retard, arbitrage bots drive this market. if you dump the price on futures/derivatives, spot will follow suite, and vice versa. CME is the 2. biggest volume on contracts just behind binance. CME is more than capable of driving the price

[Anonymous No.52707629]

dump was based off of employment data for usd. numbers indicated a stronger economy than they forecast which means lesser reason to slow down hikes and also a concern for "wage inflation".

[Anonymous No.52707688]

>>52706556
It's called a scamwick and it's why you shouldn't mess with leverage. CEXs forentrun their own clients so that they get margin called just like FTX and pretty much any hedge fund and bank on earth.

[Anonymous No.52707728]

there are tards like op who dont ever know whats going on and then there are people like me who caught every swing on 100x leverage the past week.
kill yourself you cringe neophyte tard

[Anonymous No.52707761]

>>52707611
anyone doing arbitrage between a fully BTC collateralized spot pair vs some shit-derivative is going to get wrecked
you are implying the price of a real BTC can be kept at the same price of a paper-BTC settled in USD (assuming there is any collateral at all)
you must be insane to believe this, and just like FTX, it's going to blow up in their face
tradfi still thinks with the mentality that it's all about liquidity, but liquidity isn't going to help you with supply shortages
and unlike PMs, millions of people starting to take self custody can happen in few hours
and then you will have sbf-style wall street kikes kvetching hard and crying in pain about muh 12-sigma event wiping them out
there are no bailouts in BTC, you cannot print them out of thin air and get away with it forever

[Anonymous No.52707817]

>>52707761
cme is settled in usd, not btc. there is no risk for them. they can and do drive the price with their derivatives. if they get in a pickle, they don't need btc to settle, just usd. they literally are nothing alike ftx.

[Anonymous No.52707839]

>>52707817
>cme is settled in usd, not btc. there is no risk for them
cme is settled in usd, not btc. that's the risk

[Anonymous No.52707881]

>>52707817
>they don't need btc to settle
The majority of CME is cash&carry trades
spot BTC is literally half the trade

[Anonymous No.52707890]

>>52706629
what happens when you put a stop loss? exangers wanna hunt them, even if there s only a few of them?

[Anonymous No.52707934]

>>52707890
it depends what's the cost vs revenue of making an artificial scam wick
if the orderbook is thin, it's profitable to scam wick in every direction

[Anonymous No.52708217]

>>52707204
the cme is used by the tradfi dinosaurs who are legally prohibited from buying spot btc, hence all the games with the gayscale spot etf being denied time and time again
it creates a captive market that is forced to pay the (((middleman)))

>>52707611
arbitrage would get rekt or drained of all liquidity
no matter how big the price difference in spot vs cme you cannot extract real btc from the cme at low price to sell for profit on a real exchange
anyone attempting this would get rekt to the cme's benefit
remember this is all fake the cme controls it all and can set the price to whatever ridiculous number it want to liquidate every outstanding contract they simply cannot lose
your bot on the other hand

[Anonymous No.52708266]

>>52706716
>gaps always get filled
especially your mother's

[Anonymous No.52708861]

>>52707890
They're not going to move the entire market to liquidate just you but what I think happens is that a pleb and a whale tend to have stop losses in the same range regardless of the amount of money being used they're still both overleveraged the same and want to cut their losses at similar points. Only someone that runs an exchange would really have the data to prove something like this but would love some insight into this kinda thing.