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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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7214202 No.7214202 [Reply] [Original]

WHAT THE FUCK IS HAPPENING

>> No.7214240
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7214240

>>7214202
T E T H E R E D

>> No.7214276

I got absolutely FUCKED by that

I got liquidated for about 150k usd

>> No.7214279

>>7213997
Whales dump, pink wojaks, whales reenter on the sales.

>> No.7214288

Nothing, you retard. Shorts closed their positions and will reopen them again.
Sub 7k$ incoming.

>> No.7214294

Fags panic buying. Lol at the idiots buying after +1k in 15 minutes. EVERY major bottom will get double tested. Besides, I don't think this is a major bottom yet.

>> No.7214336

>>7214276
Back on the roller coaster we go
>people actually thought this was the stabilization

>> No.7214341

>>7214202
>taking snapshots when the candle hasnt even closed yet

>> No.7214350

Resistance was at 8500. It will touch 8000 to 8500 then bounce up then crash back down to 7000

>> No.7214360

>>7214294
We didn't retest the bottom in September/November.

>> No.7214368

>having a nice night shorting XBTUSD on bitmex
>look away for literally about two minutes
>it's fucking mooned and I got liquidated

Fuck this

>> No.7214379
File: 37 KB, 480x360, dontbejelly.jpg [View same] [iqdb] [saucenao] [google]
7214379

>>7214202
20% GAIN IN 30 MINUTES.
>mfw

>> No.7214386

>>7214240
>male (male)

you can do better than this anon

>> No.7214388
File: 1013 KB, 1714x2285, 1517087661630.jpg [View same] [iqdb] [saucenao] [google]
7214388

Hold your position Anon

>> No.7214417
File: 437 KB, 600x445, 5646215748.png [View same] [iqdb] [saucenao] [google]
7214417

>>7214388
what the fuck is happening /biz/? you told me this is the end..

>> No.7214453

6000 btc bought in 30 min on bitfinex

>> No.7214468

>>7214294
Your bottom's going to get double tested tonite, hunny.

>> No.7214473

>>7214288
This is too complex for the brainlets

>> No.7214480

FOMOING IN FOR DEAR LIFE

>> No.7214486

>bought at $780 then re-sold at 910

Now down to 700 please.

>> No.7214499

>>7214417
this is the end, enjoy the ride down to 1k
the price of BTC is the price of what BCH had, thats the real price without being propped up by fake USD

the coinmarketcap removal of Korean exchanges was a signal, why remove Korean real money, but not USDT shown as USD from bitfinex, the largest volume for BTC?
huh anon, huh?

the bounces up are your last chance to short EVERY coin, with no more than 10x.

>> No.7214502

i sold low... AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHH SOLD AT 800 WTF IT JUMPED

>> No.7214557

>>7214499
i fucking hope so, btc needs to die, the sad thing is it will bring the whole market to the fucking ground...

>> No.7214588 [DELETED] 

>>7214502
Don't you hate that when you does that...coulda woulda shoulda hodl

>> No.7214616

>>7214388
Fuck, I just found a new fetish. I'm on nofap you cunt

>> No.7214638
File: 177 KB, 436x361, 1494990386667.png [View same] [iqdb] [saucenao] [google]
7214638

This market behavior is not organic. Nobody in their right mind would go and over-pay on tens of millions of dollars worth of coins by buying ahead of a sell rush. Nor has the market depth supported such behavior. The total market depth on the sale side has decreased substantially even with somebody going and frantically buying up the sell side of the order book.

>> No.7214679
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7214679

>> No.7214695

>>7214557
Ethereum needs to die as well. It's too gassy and a failed experiment. It holds down better alternatives and the ERC20 ecosystem it supports is a total cancer as well which sucks up gains from good alts.

>> No.7214700

Fucking hell, just set buy order at 720 and i leave my comp for 5 fking minutes and i instantly lost 0.5 eth FML

>> No.7214707

>>7214360
kek

>> No.7214710
File: 78 KB, 1356x854, Apu inspecting dead Apu.jpg [View same] [iqdb] [saucenao] [google]
7214710

>>7214368
I was considering shorting on bitmex myself. This kind of shit gives me cold feet.

>> No.7214718

>>7214557
good.
next time we wont be dragged down by the slow useless piece of shit
but real coins will have a chance, real technology will flourish, with more uses cases than "muh store of value" or "just transactions" - who the fuck is happy with a cryptocurrerncy for just for "transferring value"

no more "muh store of value" for $50 transaction fee, not even gold loses in value when moving it.
no more "just use shitcoinx for payments", as if a modern world doesnt need receipts, invoices, fraud detection, integrate with old accounting software, financial controllers etc.

what kind of shit system is this, where you "send payment from A to B", its never that simple, there is always "for every payment send x% to your tax office".

ADA, XLM looking at you.

>> No.7214720

Who else sold low?

>> No.7214737
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7214737

WHO BOUGHT IN
WHO IS BEHIND THIS

>> No.7214749

>>7214737
Bitfinex of course.

>> No.7214757

Where do you lads even see this stuff

>> No.7214773

>>7214749
It's happening on the non tether exchanges too.

>> No.7214790

>>7214616
New fetish is women?

>> No.7214811
File: 1.47 MB, 320x240, 1496259008343.gif [View same] [iqdb] [saucenao] [google]
7214811

>>7214757
>Where do you lads even see this stuff
I hope you aren't trading if you don't know where to go to see this stuff

>> No.7214814

>>7214616
>Nofap
>As an investor

You won't make it

>> No.7214823

>>7214718
subtle plug haha

>> No.7214848

>>7214616
>>7214814
More like:
>Nofap
>on 4chan

>> No.7214849

Anyone else in the Bmex trollbox?

That was Wall Street 110%. Some Wall Street guy verified that it usually comes in 3 waves.

>> No.7214853

The kikes are buying

>> No.7214911

>>7214710
Bitmex is fucking great though

Just don't do retarded shit like me and leverage 100x

>> No.7215003
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7215003

>>7214853
Wrong. This taken from bitstamp..
You faggots are getting scammed
The amount of cash for offer on the order books has gone down from 133m to 89m in a matter of hours. It makes absolutely no sense. Am I to believe that people who could have gotten in at 7k just by waiting got so impatient that they just had to rally it up to 8600 and pay millions of dollars more than they had to just to get their BTC?

>> No.7215007
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7215007

>>7214911
Made $64k playing with 10x margin tonight.

Didn't sell my ETH, but the shorting counteracted the ETH losses by far.

>> No.7215040

>>7214202
everyone is trapped. there is a fire.

>> No.7215041

>>7215003

Isn't that because buy order have been filled?

>> No.7215081
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7215081

>>7214638
Obviously wall street

>> No.7215086

>>7215003
Institutions (WS) were set on scooping up BTC around the bottom, which mostly everyone predicted to be in the $8k area.

Those were the people waiting. I'm assuming they'll wait for it to fall back down before making another shopping round.

>> No.7215094
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7215094

>>7215040

>> No.7215100

>>7215086
Also, for those paying attention on Bitmex. Someone put a $7M long about 5 minutes before that happened.

The jews are double dipping.

>> No.7215145

>>7215007
I'm still learning with smaller amounts

Only lost like $250 or something being liquidated, no huge deal, but still, fucking annoying when it comes out of nowhere

Wish I had the capital for serious gains. Any advice?

>> No.7215167

>>7215086
>>7215081
You people are fucking delusional. Why would they run the price back up instead of getting it for even cheaper by waiting? Whales were obviously in the middle of a huge dump (and still are). As long as you aren't way at the back of the order books you'll get your fucking coins. Wallstreet
A. Wasn't awake when it started
and
B. Wouldn't over-pay by literal millions of dollars because they are too impatient to wait 6 seconds.

>> No.7215202

>>7214638
US traders woke up and had to cover their short positions. Don't think there's anything more than that at work.

>> No.7215230

>>7214911
But I thought leverage was only if you want place many different orders without having a large balance. Higher leverage doesn't translate to higher profits, right? Since I'm only interested in shorting XBTUSD, I don't see what real advantage leverage would give.

>> No.7215231

>>7215167
>by waiting

With or without them, a bounce was expected by literally everyone around the $7.6-$7.8k area.

The contracts on Bmex were trading for $150 above the BTC price the entire time.

>> No.7215249
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7215249

>>7214388
How the fuck do I get a gf like this? This photo spiked my fucking test 30% just glancing at it

>> No.7215300

>>7215202
>US traders woke up
This started at 4am eastern time. Right before I went to bed, and I just woke up now to get a glass of water and it's still happening.

>> No.7215310

>>7215081
I would tbhfam

>> No.7215312

>>7214848
More like
>no fap
>using 3dpd as fap material
>using adult 3dpd
>not Asian
>in 4chan

>> No.7215328

>>7215230
No, it allows you to put on a much larger position than you would be able to with your normal cash

>> No.7215330

>>7215145
> Any advice?
its simple, be rich dont be poor

>> No.7215339

>>7215230
>Higher leverage doesn't translate to higher profits, right?

It does. You're borrowing money and you keep the profits. But if also means that your entire position gets liquidated easily if you bet wrong.

>> No.7215354

>>7215249
its simple, be handsome, dont be ugly and retarded

>> No.7215358

>>7215145
>Any advice?

Never 50x/100x. It's gambling.

>> No.7215366

>>7214388
>>7215249
This pic threw me off my game completely. If I make a million on a huge short will I get a gf like this?

>> No.7215385

somebody check tether, did they print?

>> No.7215390

>>7214790
No, that pose in right dress. I'm just trying to avoid it as a daily habit and without porn

>> No.7215395

>>7215358
Fair enough- I had 50x most of the evening. Got rekt in the blink of an eye once the pump started- good learning lesson

>> No.7215401
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7215401

>>7214202
lol at those fags that sold at 9200, it's up to 11k already, stay stronk /biz/ wait wut

>> No.7215416

>>7214616
Were you not into women before?

>> No.7215432

>>7215385
Nope, didn't burn either.

>> No.7215464
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7215464

>tfw wanna take a shit but busy watching graphs

>> No.7215467
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7215467

>>7215354
My hairline is a bit shit but my looks overall are pretty fine. My total social autism fucks me and I would never get laid if not for tinder and alcohol. Problem is all the quality women come from real life approaches and dating sites are HEAVILY favoured against men.

>> No.7215547

>>7215249
yfw the guy in this pic died a couple months back

>> No.7215613

>>7214638
>Real people buy product
>That's not real market activity
capitalism is a meme

>> No.7215622
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7215622

>>7215366
no. my GF looks like this, and I was poor student at time of meeting her.
with total net worth being 500 usd at the time.

but then again, at that time I was telling her about bitcoin, she was impressed by my geekiness. this was in 2010.

now she is impressed by my gains

>> No.7215665

>>7214379
I sold the INSTANT before this happened

>> No.7215670
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7215670

>>7215366
Use your new wealth on surgeries
https://youtu.be/EFnJMPQow7A

LOOKS/MONEY/STATUS

>> No.7215708

>>7215230
Dunno how it works in Bombay Pajeet, but on our non-shit-stained streets - that is exactly why we use leverage. It will magnify either your losses or your gains. But, don't believe me. Short it with x 100. Maybe use as much credit card and short term rupee-pay-day loans as you can get your shit besmirched hands on. And then act like it is a sewer - dive straight in!
You ar

>> No.7215714
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7215714

>>7215547
RIP pianoman

>> No.7215790

>>7215622
Are you incredibly good looking?

>> No.7215805
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7215805

>>7214638
It's bigger than I original thought.
The strange buying action is PERFECTLY simultaneous across all of the exchanges. This isn't the work of a single entity with tens of millions of dollars at play.
This is the work of a single entity with billions of dollars at play.
Y'all getting scammed. Screencap this.

>> No.7215807

>>7215790
no just average
you too can make it anon

>> No.7215827
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7215827

>>7214202
I PUSH MY FINGERS INTO MY EEEEEEEEEEEEEEEEEYYYYYYEEEEEEEEEEEEES

>> No.7215915
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7215915

NANO ON BINANCE NOW!

Instantly after the dip... TO THE MOON!

>> No.7215920

>>7215805
history already proved this wont do anything rockafeller did the same thing in 1929

>> No.7215921

>>7215805
Cmon there must be somebody here who isn't a retarded believer. Let's figure out what their fix is.

>> No.7215962
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7215962

I don't know.

>> No.7215970
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7215970

>>7215807
So you're roughly 7/10 while your gf is an 8-9/10? Sorry for putting numbers on this but just trying to put it into context

This made me believe, thanks for the motivation

>> No.7215972
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7215972

timed the market boys

>> No.7215973

>>7215920
So you're suggesting it's the bitcoin investment industry itself? Buying itself up to artificially inflate the price to prolong the ride?

>> No.7216009

>>7215973
one word:
insolvency
theres nothing to figure out

>> No.7216013

>>7215921
>pls respond

The post. Reddit is down the hall and to the left

>> No.7216023

organized dump and rebuy happened...

>> No.7216027
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7216027

>>7215805
Sorcery?

>> No.7216041

>>7214202

Big round number => shitload of buy orders hit => bump => shitload of short fags liquidated

>> No.7216046

>>7214202

its called a "Short Squeeze" you fucking retards learn a thing or two about markets

>> No.7216054

>>7216009
How does buying BTC help with insolvency? Unless they are just literally stealing people's BTC , marking it as sold, and then actually selling it for people's money.

>> No.7216076

>>7214202

Big round number => shitload of buy orders hit => bump => shitload of short fags liquidated => bumps even more => FOMO and bots kick in => bump to 9000 where it gets resistance

>> No.7216127

>>7216046
this
Combined with what market profile would call 'longer time frame participants'
ie richfags who actually have some fucking patience and know where some real support is.
BUT if it doesn't hold here they will run and you'll see some shit.

>> No.7216129

>>7216046
This is way too big to explain away as a short squeeze. We're talking hundreds of millions (possibly billions) of dollars across all of the exchanges simultaneously.

>> No.7216163

>>7215970
average is 5/10 you moron.

>> No.7216219

>>7216163
average people are also ugly

>> No.7216224

>>7216129
A lot of smart people are/were short from the top, that's a lot of shit you've got to buy back. Look at the volume just before the spike, they're buying into the selling all the way down on the last leg.

>> No.7216285

>>7215622
What's your net worth now

>> No.7216288
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7216288

>>7216046
yes thats true but the scope and quickness of this squeeze is absolutely breathtaking...without any particular news or 'reason' its rather suspect.
25% recovery in an hour on a squeeze is nowhere near 'normal' in any stretch of the imagination.... yeah, yeah, crypto aint normal

>> No.7216391

>people are buying at what has been advertised as the bottom for months
>omg wtf why are people buying when everything is 40% down must be a scam
You people are legitimately retarded. This is the perfect time to buy. Markets don't just go to 0 overnight.

>> No.7216446

>>7216224

Yeah exactly, all TA was pointing to a reversal around 7.9k, so no one who's short wants to be in it after that point, hence the massive reversal.

>> No.7216447

>>7216391
Tyler? Cameron? which one of you is posting now? I told you no posting until you fix Gemini.

>> No.7216458

>>7216391
trend is still down nobody is buying anon

>> No.7216460

>>7216129
>>7216046
https://www.reuters.com/article/us-volkswagen/short-sellers-make-vw-the-worlds-priciest-firm-idUSTRE49R3I920081028

>> No.7216470

>>7216391
Nice strawman you mentally retarded fruitcake who is also mentally retarded and a stupid piece of shit who probably bought in at 19k and is a retard and will claim otherwise immediately despite actually having bought in at 19k and lost everything like a fucking retard.
People didn't just coordinate a perfectly simultaneous buy rally across all of the exchanges. You're mentally retarded if you believe that.

>> No.7216486
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7216486

>>7215328
>>7215339
>>7215708
So let me get this straight. I can place an order for a number of XBTUSD contracts that exceeds my total balance if I use leverage?
For instance, I have 1 XBT in balance. I want to buy 40000 XBTUSD. This costs 4.6x more than my balance. But if I use 5x leverage, I will be able to place this order using only 0.94 XBT?
I was confused because I read somewhere that you precisely couldn't place an order using leverage that would exceed your total balance.

>> No.7216516
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7216516

>>7216163
Quality of a score does not indicate it's average rating you complete mong. How did you even find biz with your complete ineptitude for statistics?

>> No.7216521
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7216521

>>7215167
It doesnt work like that. The whales cant just
>¨"Hey lets push the price to 1$ and buy millions of bitcoins and then let it go to 20k and sell lmao senpai"
From 20k to 7k is a pretty fucking big push

>> No.7216528

>>7216460
So you're telling me somebody with an account on literally every exchange is shorting billions of dollars worth of BTC?

>> No.7216539

>>7216391
This time feels different though. We just got hit with a double whamy. Bitconect and Tether. Theres a lot of distrust out there right now.

>> No.7216557

>>7215081
>when ISO 21000 is not enough

>> No.7216616

>>7216288
Butterfaces confuse me. Those tits are flawless but her face is complete derp

>> No.7216650

>>7216460
This was a FUCKING DISASTER for shareholders who bet against it.

>> No.7216658

Welp., Maybe it was the mother of all short-squeezes. Because the dumpening has resumed.

>> No.7216666
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7216666

>>7216616
Tits can be fixed, you can't get a new face.

>> No.7216692

>>7216616
That's babyfat. Girl is 14 y/o tops.

>> No.7216735

oh yeah we were at 350b market cap at 7.9k total crypto market cap were now at 420b cap. we gained 70b with that pump alone

pull backs going to be a bitch

>> No.7216786

>>7216735
This guy gets it. This is going much, much lower than it was. Hold on for the ride.

>> No.7216810
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7216810

>>7216786
Still despite all that pumpening there's >1000BTC of market depth back to the 8k mark

>> No.7216835
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7216835

>>7216810
It's actually pretty shallow in both directions. Today is going to be a fucking rollercoaster.

>> No.7216876

>>7214202
>>7214276
>we finally got him to short
>pump it

>> No.7217026

>>7214240
Get this disgusting nigger nujack off this mother fucking board now faggot

>> No.7217110

>>7214202
You guys are so emotional, it's hilarious. Rule number one of investing, if your emotions get involved in finance, stick to being a wagecuck or let someone else handle it for you.

>> No.7217167

FUCKING GO BACK UP YOU STUPID FUCKING AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA I NEED TO MAKE MONEY DADDY NEEDS TO MAKE MORE MONEYYYYYYYYYYYYYYYYYYYYYYYYYYYYY

>> No.7217699

>>7217110
Not an investment thread, a trade thread.

>> No.7217728

>>7214202
meme spike that will be sold (like the others)

>> No.7217793

>>7215401
its below 9200 right now

>> No.7218533

>>7214720
The idea is to BUY low

>> No.7218643
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7218643

>>7215807
nice larp

>> No.7218740

>>7216285
My net worth right now is hard to determine as it fluctuates too much, no definitive answer can be given

But last time I looked at my bots, is why Im here, they were still profiting, but some killed themselves as they hit too much red

Just let your bots run both on crypto and normal stocks and currencies