>hey guys i found a magic exploit >just short and go l

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OH MY GOD
it's starting

>>2919478
I don't understand this but sounds hilarious

>>2919478
I DON'T KNOW HOW TO READ THIS

SOMEONE READ IT TO ME

>>2919511
Margin traders get fucked either way

All those people trying to exploit extra bcc are getting liquidated?

>>2919511
>all sell pressure already applied
>people still want btc for bcc
>btc climbs
>everyone shorting because they think its free fucking money
>as btc climbs shorters get liquidated
>liquidated = all their sells turn into buys and they lose all their money
>shorters liquidated drives price up
>more liquidation
>short squeeze
>4k btc

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I guess we know where BCC/BCH/BCLGBTQ is getting its value from.

SHORTERS BTFO

>>2919523
https://en.wikipedia.org/wiki/Short_squeeze

>>2919478
Why are longs getting liquidated?

Now is exactly the time you should be buying Ethereum

This is not a drill

when the next run to 3k starts shits really gonna start to go down

>>2919552
people 100x margin long at the peak and it goes down 1%

>>2919553
Reporting in, balls deep in ETH, waiting for the moon mission once everyone scrambles to dump their inflated BTC

>>2919552
The market is unstable enough that even longs get liquidated

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>>2919560
>people 100x margin long at the peak and it goes down 1%

WHY THE FUCK WOULD ANYBODY DO THIS!

>>2919547
SO WHAT YOU'RE SAYING IS THAT MY 4 SATOSHIS OF BTC ARE GOING TO BE WORTH 6 SATOSHIS BY TOMORROW?

I AM RICH

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>>2919578
LIQUID SNAKE?!

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>>2919553
yes, BTC approaching the biggest short-squeeze in the history of crypto is the CLEAR sign of buying ethereum, not BTC!

>>2919530
>there is no sell pressure, only buy pressure
>"sell pressure" is hodling right now because of greed like yours
>you won't see 4k btc

>>2919587
>not going 100x margin long and enjoying 10000% gains when the short squeeze happens

I mean some people are just born to be poor aren't they

>>2919595
>it's just going to go up forever
>people are just going to hold after 4:30 PM Shanghai time
thinking so hard right now

>>2919594
Snake?Snake?Snakeeeeeee

>>2919642
>be mega whale
>100m of shorts open on bitfinex alone
>start buying btc
>cause short squeeze
>make a fuckton of money
>sell at peak ( you are the market controller )

this opportunity is too lucrative for mega whales for it to not happen.

the market does whatever loses the most people the most amount of money

>>2919595
Yes, the good ol' "buy high, sell low" strategy, very nice.

>>2919676
I agree with you, but my point is that once the run starts, I believe many people will sell back into eth since the ratio is pretty damn low right now

>>2919690
oh sorry i didnt see you talking about eth

yeah eth is a good buy here... this is the low for all alts

>>2919699
what? when shorts actually get squeezed it's BTC that will skyrocket, buying alts will be profitable AFTER the liquidations are done
they haven't even begun, if they do happen BTC will literally moon

>>2919715
I agree, but betting on BTC now is risky and betting on alts is relatively safer IMO

>>2919715
going all in on one thing is for noobs

i would definitely have the majority of your position in btc now, but its good to hold some alts and some fiat

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>>2919715
>they haven't even begun
i meant, they have only started liquidating on bitmex, because they offer CRAZY high leverage
bitfinex only offers 3.5x levarage max, so price needs to surge higher before they start

>>2919722
No way, alts are at a monthly low, the time to buy alts is when they're high again!

>>2919728
Wheres that chart from? Sauce?

>>2919587

because if you time it right you make sweet fucking gains, and if you get liquidated hopefully you don't lose a large amount because you levered up 100x

On the sideline to buy ETH see you on the ETH MOON

>>2919735
shit i forgot the buy high sell low technique
i must return to the hyperbolic time chamber and train further
thank you senpai

>>2919742
>if you get liquidated hopefully you don't lose a large amount because you levered up 100x

wat

>>2919753
>use .1 btc
>go 100x
>btc goes up to 4k
>you made 3 btc
>btc goes down
>you lost .1btc

>>2919775
cont'd
>btc immediately goes up to 5k after losing your ability to margin trade

>>2919775
yeah, but doesn't liquidation imply losing all those gains?

>>2919794

With margin trading, there is your personal equity, and then there are the borrowed funds. With the way margin trading works in bitcoin, your maximum liability is limited only to your EQUITY, so in theory it benefits you to lever up. However, in doing so, you decrease the wiggle room the exchange gives you before they forcefully liquidate your position (losing only your EQUITY) to avoid the exchange taking a loss on the loaned funds during exceedingly volatile trading.

>>2919793

>not being long BTC on spot and trading margin exclusively to increase your BTC stash

doing it very, very wrong.

>>2919974
Doesn't this just mean that if you time retracements correctly you will make a shit ton of money? Sounds like a hell of a lot of upside for very little downside if you're paying even a small amount of attention.

What's the catch? Are fees very large? Commissions have really bitten me in the butt trying to trade the volatility over the last few days.

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>>2919553
>>2919571
hey lad, reporting back in
Hope you're strapped in for the launch
:)

>>2920371
>what's the catch? Are fees large
Fees are expensive to hold a position over. Btc could swing upwards by $300 over a weekend, but the cost to keep that position open might eat up the gains. Some websites also have pretty large spreads, so you could see a $10 price change, but still be in the negative due to the spread

>>2920401
Thank you for the information, I'm probably not ready for that yet

>>2919744
when are you buying?

>>2919530
explain this meme. Why would anyone get liquidated?

>>2919676
>the market does whatever loses the most people the most amount of money

thats not true. the market does specifically what gives the most of my money to other people