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/biz/ - Business & Finance

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17950498 No.17950498 [Reply] [Original]

As I saw many threads about this I just wanted to warn my fellow biz frens to get the fuck out of BULL and BEAR tokens as long as you are still in profit. If you went all in hoping for a recovery/dump simply seeing the ath let me tell you that even if, for example BNB reaches the ath BNBBULL wont due to convexity. Fluctuations reduce the price of BULL and BEAR tokens in the long term. It is not an easy x10 like a retard was claiming it to be a couple days ago, it will never x10.
Example?
>BNB is 12 bucks, BNBBULL is 60 bucks
>BNB dumps roughly 16% to 10 bucks, meaning BNBBULL dumps 48% to 28 bucks
>BNB pumps 20% back to 12 bucks, meaning BNBBULL pumps 60% to 45 bucks
Add a lot of these oscillations up and the value will be closer and closer to zero even if BNB reaches again the ath.
It is only for quick trades and thats it. Good luck

>> No.17950529
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17950529

>>17950498
Fake News

>> No.17950532

>>17950498
Based. What’s your prediction for tomorrow? Red or green?

>> No.17950597

>>17950532
IMHO we are going to touch 5500 again.
I am all in LINK for the recovery in sats which will be occurring soon.

>> No.17950709

I bought at a shit price (95usdt) so I did actually just sell then because this pump seems to have ran out of steam.
I hold plenty of ETH normally, this is my first time experiemnting with leverage trades.
Thinking of going into to ETHBEAR to catch the next swing down, thoughts?

>> No.17950739

>>17950498
Fren, elaborate more on this. I think leveraged tokens are literally the only thing left crypto has to offer, but this could easily render the entire market completely useless. Crashing a market full of self leveraged traders sounds like hell on earth, literally, these things will destroy entire exchanges in a matter of hours when shit hits the fan, and it will

>> No.17950808

>>17950597
thanks just bought ETHBEAR

>> No.17950820

>>17950739
You can trade this for a sweet 10% gain while its relatively low.
It will not destroy any exchange because unlike leverage trading you cannot be liquidated. You will be just stuck with these useless tokens praying to break even.
>>17950709
>sell at loss
>should i go in BEAR this time
The absolute state of biz

>> No.17950852

>>17950808
You know it works the other way around too right. If it moons you are pretty much fucked.

>> No.17950896

>>17950820
what, are you retarded? I bought ETHBULL at 95, sold it at 108 just then

>> No.17950921

>>17950896
I thought you meant BNBBULL for a sec lol

>> No.17950938

>>17950921
true I probably should have specified, I don't trust BNB