[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 119 KB, 640x620, 2.3MM.png [View same] [iqdb] [saucenao] [google]
9295166 No.9295166 [Reply] [Original]

Evening anons,

(Pic related) Bitcoin is ready to visit some lows in a while. I will be ready. I will be executing a 2.3 million dollar short. I have shorts lined up every dollar from 9426 to 9500, each with 10,000 dollars.

I have more lined up above 9550 to complete the other million.

Trade safe anon.

>> No.9295179

>>9295166
Liq?

>> No.9295195

>>9295166
have fun gettin totally rekt we are going 30k

>> No.9295198

fuck off pathetic larp. pretty sure this is another coordinated FUD. look at all the FUD posts right now

>> No.9295204

What the fuck

>> No.9295206

>>9295198
>BELIEVE ME I HAS SUPER SECRET INFOS BUTTCOIN WILL DUMP U BETTER SELL NAO OR STAY PUER

>> No.9295222
File: 112 KB, 1087x1080, 1504143468152.jpg [View same] [iqdb] [saucenao] [google]
9295222

>>9295166
gonna kek so hard when you get mega rekt

>> No.9295242
File: 55 KB, 1442x695, BTC going below 5000.png [View same] [iqdb] [saucenao] [google]
9295242

>>9295195

>> No.9295287

>>9295179
Cross, I don't even know

>> No.9295309

>>9295242
These fucking memes again

>> No.9295317
File: 46 KB, 220x160, image.gif [View same] [iqdb] [saucenao] [google]
9295317

>>9295242
>Ta

>> No.9295327

>>9295166
Man why would I care what some goof who didn't start shorting until 9.5 thinks? This shit was obviously over around 9.8-9.9

Tethered two days ago. It's funny because I was gauging sentiment on biz and trollbox and most of you fools were bulls.

>> No.9295335

>>9295166
Screencapping this when you inevitably get liquidated

>> No.9295351

>>9295327
>Most of you
How do you know what I'm doing? I went flat, was waiting for confirmation. Crushing some lows gave me confirmation.

>> No.9295364

>>9295327
Oh wow, you won in the game with 50% chances of winning. You're so cool!

>> No.9295367

>>9295335
Make sure to panic short the breakdown below 9000 so you can pair some of my take profits thanks.

>> No.9295377

>its rising
OH NO NO NO NO

>> No.9295384
File: 193 KB, 1920x1080, TheBigShort_FeaturetteMeetMichaelBurry.jpg [View same] [iqdb] [saucenao] [google]
[ERROR]

>> No.9295389

>>9295242
>ignoring the price in 2010

>> No.9295393

>>9295384
LMAO you know wassup

>> No.9295402

>>9295364
I read the chart, it's not hard.

>>9295351
>waiting for confirmation

L O W T E S T

>> No.9295410

>>9295166
do you really think that making this thread will trigger some whale to come along just to squeeze your non existent shorts?
fuck of Michael

>> No.9295425
File: 717 KB, 1000x581, 1483845136230.png [View same] [iqdb] [saucenao] [google]
9295425

>he shorted?
pompeet

>> No.9295438

>>9295402
With this position size I could care less if it goes 9600+ I have more shorts there.

>> No.9295447

>>9295425
Into my fucking asks
>>9295410
Lol yes please snipe my 10k asks haha

>> No.9295453

>>9295438
What's your target? How low do you think we're going, and what's your reasoning behind it?

>> No.9295459

Always do the opposite of /biz.

Board filled with fear and bears -> buy.
Board filled with moonboys and bulls -> sell.

>> No.9295463

>>9295438
How can you afford to put 1.2 mil into a short op?

and why would you do it with BTC?

>> No.9295464

2.3MM is not a lot on bitmex. lol

>> No.9295537

>>9295453
We're slowly breaking bullish structure, momentum is waning, sub 10k double top. Only thing holding us is shorts covering. I'm closing some at 8400, some at 8200 and the rest at 7800 if we even get there.
>>9295459
Let's see how that method works out this time.
>>9295463
Bitmex
>>9295464
I dont really know how much leverage I'm using, it's cross. How much do you trade with without getting liquidated?

>> No.9295550

>>9295537
cross is 100x

yeah I'll probably be scaling in at 8.8

>> No.9295563

>>9295537
How are you so rich?

>> No.9295576

>>9295537
i have plenty of coin on BitMEX so for me I don't need leverage, more worried about liquidity issues. Cross just means that you have your entire account as collateral. You can see your leverage on the leverage slider as with inverse contracts it will adjust dependent on if you're ITM or OTM. I'm surprised you don't understand how the platform works if you're trading with hundreds of thousands. huh.

>> No.9295580

>>9295550
You seem to be the smartest about trading here nice to have a convo with you
>>9295563
Buying bitcoin in 2017

>> No.9295602

inb4 1x short

>> No.9295613
File: 16 KB, 235x205, liq.png [View same] [iqdb] [saucenao] [google]
9295613

>>9295576
I know cross is automated.

>> No.9295631

>>9295613
if your risk limit is 200 BTC there's no way you could have a 2.3MM short.

>> No.9295680

>>9295631
It's 256k now, I said I have more asks above. I'll push it to 250+ if needed.

>> No.9296169

>of a lifetime
true once you kys

>> No.9296219
File: 58 KB, 645x729, 1519271668089.png [View same] [iqdb] [saucenao] [google]
9296219

>>9295613

i'm too dumb for this - how does Cross determine the leverage?? if your entry lets say was 9500

price goes to 10k > leverage is?
price goes to 9k > leverage is? 5? 10? 30?

all i know Cross uses your entire balance but how the f. is the leverage determined?

>> No.9296242

Lurking with some interest

>> No.9296390

imagine paying tons of fees on a massive short only to see btc go sideways

>> No.9296395

>>9296219
It adjusts leverage as price moves with or against you. It starts with 100x. You'll see how it adjusts on the position panel.

>> No.9296407

>>9296390
Imagine getting paid even when it's sideways because of funding and I guess you don't know you get paid if you use limits and not market orders.

>> No.9296521
File: 2.77 MB, 320x226, f345.gif [View same] [iqdb] [saucenao] [google]
9296521

>>9296395

i see thanks for the reply ... still don't get why and how it exactly adjusts the leverage

especially if it goes your way when shorting > down ... whats the leverage it uses? x5 x3 x10?

if it goes up it'll use your balance AND/OR increase the leverage as in isolated margin? x7 ... to x100

>>9296390
funding is still positive longs pay the shorts ... and everytime its saucy, longs bow out roughly 3hours in advance until the very last 10 minutes ... next up is a spike up to collect the massively leveraged shorts that thought they could get away with free funding lol (i always use the free ride down)

>> No.9296643

>>9295351

You have no confirmation. You are dumb. This last dump was purely to liquidate margin longs and let shorts refill. Which clearly it did. So you will see what happens next.

>> No.9296681

>>9296521
Yes. This position is for a while, so I'll collect some later.
>>9296643
What happens next? I guess thats why I also set some more asks above? Because it's gonna go up? MAYBE? Idk maybe I'll add more to my short here.

>> No.9296828

>>9296681

You should not be shorting in this current market

>> No.9296931

>>9296828
Make sure to fill my bids with your panic shorts at the bottom

>> No.9296947
File: 20 KB, 1256x528, ushouldnotshort.png [View same] [iqdb] [saucenao] [google]
9296947

>>9296931

>> No.9296966

>>9296828
Pic related

>> No.9297633

>>9296407
>>9296521

imma be honest
no I dont understand how you get paid while shorting
I supposed these contracts are connected to fees? the longer you hold, the more you pay in fees?

so either you already made profits because you spread out your contracts like in the pic and thats what you mean, or I just dont know.

could you elaborate pls?