/biz/ - Business & Finance

>>26384659
it's not even going to break $30k

The 2nd Great Redistribution has begun.

>>26384756
it's 100% breaking 30k dude.
40k rejected, 2x 35k rejected 28k rejected. new lower low.
all signs are bullish. prove me wrong

>>26384811
I MEAN BEARISH GOD DAMN

>>26384659
bullish, the short squeeze will catapult us to 40k

>>26384756
LOL imagine being this delusional

Normies already caught wind btc is crashing , they dont give a fuck about your mini 4% recovery lel. The sentiment changed to sell it's OVER

pic related

>>26384659
Dude these amounts are low, stop fudding. If you want an active insight into whale short/buys visit aggr.trade - you'll see 1-10mil longs/shorts every few seconds

>>26384811
You mean bearish?

I'm trying to understand the psychology by this. I sold this morning for some nice profits, but now seeing this, I'm sort of bullish. From my understanding exchanges tend to keep track of these kind of big moves, and then they scam wick the opposite for profits. Idk how to feel about this, because I think we're going to trend lower...

>>26384855
Moron. If you only knew how rich we will be

>>26384909
True, they also caught wind of BTC being broken and dysfunctional now that double-spending has been done. So that will contribute to the decline in price.

>>26384811
>>26384884
>source: deep inside my rectum

>>26384869
This. Whenever you see a large amount of longs or shorts it almost always goes the opposite way.

Get ready for another cow genocide

>>26384981
every massive short or long has a counterpart you idiot. so every 50/50 transaction almost goes the opposite way, what you said is meaningless.
fyi leverage is 50:50 right now too.

>>26384855

>>26385045
> 50:50 right now too
that means nothing

>>26384659
Yes. It's Friday, meaning Grayscale can't rape them after close of bell. They're going to try fagging it up to get more BTC from going in and out of Tether and alts so they can sell it for fiat currency on Monday. They're going to get raped by lettered agencies at some point.

>>26385104
just because you don't understand what it means doesn't mean it's meaningless.
it means both longs and shorts are equally leveraged. no side is more leveraged than the other across all exchanges.

if derivatives are deadlocked, it will be decided on the spot market like it has been this whole run.

>>26385045
>every massive short or long has a counterpart you idiot.

What are you talking about
The borrower gets popped at a certain point and the lender carries no such risk

>>26384659
Those are sharks lad, whales are much bigger

>>26385045
> every massive short or long has a counterpart you idiot.

Can you elaborate on this please? I've been trying to figure out for a while how exactly this works, ie why exchanges would take such risk on these.

>>26385155
Check the market right now

>>26385281
No, what do YOU mean. how does your understanding of trades and exchanges work.
>>26385315
Someone is on the opposite side of the trade.
On Binance, bybit, bitmex, coinbase - it doesn't matter. The whale who shorted $1.6 million, well there was someone buying $1.6 million at the same time. It could have been one buyer, or 1.6 million minnows buying $1 worth.
In a trade there is always a counterparty.

Even if I use $1000 to borrow at 10x leverage $10,000 worth of bitcoin to sell, someone is always on the opposite side of the transaction buying.

>>26385045
>>26385155
>>26385485
You have low IQ.

>>26385378
bybt says they're equal this whole time
blockchainwhispers says longs are overleveraged, if they maintain this without spot support that means they have a likely greater chance of being scamwicked because theyre are on higher leverage.
still I think bybt is more accurate and it depends on the exchange as well because the bitmex june futures contract wicked up to 40,000 this morning

>>26384811
>>26384855
double freudian slip checked

>>26385485
How is that even possible? Someone has to open the first short/long position and won't have a counterpoint. The exchange lets me open any margin position immediately so obviously there isn't someone opening an exact opposite position at the exact same time lol

Obviously they're leveraging one side against the other, but it would be impossible for it to always balance out perfectly wouldn't it?

>>26385530
you don't understand what i'm typing

>>26385485

Um yea every trade involves a buyer and a seller, but when leverage is involved it gets more complicated. The leveraged trader borrows funds to buy/sell immediately, with an obligation to do the opposite trade later to close the deal.
That's why the guy said the market moves the opposite way. When too many people are short, they'll be forced to buy when the price moves up. If too many people are long, they'll be forced to sell when the market moves down.

>>26385678
What is said is impossible is exactly what happens. The exchange matches market orders, the one executing the order, against limit orders.

learn the difference
LIMIT
ORDERS

and

MARKET ORDERS

I am bearish and at least half of you here don't even understand how exchanges work.

OH SHIT
ARE WE FUCKED?
OHSHITOHFUCKOHSHITOHFUCK

>>26385822

It's funny, because it's actually you that doesn't understand, and you're having an autistic tantrum trying to explain basic concepts while everyone else is operating at a level above you.

>>26385731
you don't understand.even with leverage there is a counterparty on the otherside. could be the exchange, could be a whale, could even be me. whoever has resting limit orders is your counterparty.
just because there's leverage it doesn't make it special, damn most of you absolutely clueless

>>26385881
okay go ahead and explain

>>26385895

Your counterparty is your lender retard

well they better keep shorting or they're probably going to get rekt before the 4h closes kek

>>26385765
Are you retarded?

>>26385895
>>26385881
Calm down guys, we dont want no trouble in here

>>26385957
>>26385989
ok, lets say you 100x long BTC with $1k. The exchange needs to buy BTC now, because if BTC goes up like 10% they need to be able to pay you back. Who do they buy $100k BTC from? The people with limit orders, retards
These are the types of people you are trading against.

>>26385957
wrong. the exchange bitmex for instance locks up your .1 btc to let you sell 1 btc at 10x. they're acting as the lender.
you still sell 1 btc to someone on the other side of the trade, the counterparty to you trade.
>>26385989
explain how im wrong

>>26386095

If I open a long on BTC , it means I borrowed (probably) USDT from lenders and bought BTC off the market. At a later time, I'll have to sell BTC to return USDT to the lender, and keep the difference.

>>26384659
it was probably the same retard who lost 5 million on a liquidated long

>>26386211
>>26385989
look up what a p2p exchange means

>>26386211
First of all, usually people trade perpetual contracts, not actual BTC or USDT
Second, you will still need to buy the BTC contracts from someone. This can be from a guy opening a short, or a long covering. So there is always someone on the other side.

dumb money is in im shorting every rip

MY BODY IS READY!
come at me bro

>>26384782
N

>>26386390
lol these are the people you're trading against

>>26384957
i thought that didnt actually happen in the end.

>>26386628
Yes its FUD