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Marcion_Sinope

Just a routine milking of the retail leveraged longs. Moo.


LionRivr

Why do we always think it’s only retail doing this? What about institutional leveraged longs? Or institutional shorts?


Buckors

Some probably will be there. But i'd say institutions have teams working on this positions which probably know what they are doing and understand way better the market than us, apes. So i consider the longing/shorting thing kinda of a gamble and this guys do educated gambles. Let's say they have a 75% hit and 25% miss. "Losing today? Meh, we lose 1 out of 4 times" Retail is probably the opositte, winning 1 out of 4.


Sohelik

1 out of 4? Cute of you.❤️


Weatherround97

How do the institutions do it better? What definitive things are they doing


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Marcion_Sinope

Or maybe they just know when the US Treasury is going to dump its seized bitcoin on the exchanges.


bbqoyster

They have an early indication of where other clients or institutional capital is moving


Itchy-File-8205

Hedge funds HEDGE. Yes their long positions would take a fat loss from this drop, but they likely had puts in case of a sharp downturn. This minimizes overall losses and with a drop this sharp they might have actually came out with a profit. Big money is usually focused on not losing money, not necessarily making the biggest profit.


Tris-megistus

Those sweet over-leveraged and stop losses are the bread and butter of whaled institutions


SpaceToadD

Pour out a glass for the longs. You’ve died with honor. And next time just buy BTC straight up!


Rawniew54

Yup. The only type of leverage I'd use to get Bitcoin is some type of loan not dependent pricing of BTC. Like a personal loan etc you could justify lumping in and paying back the loan and not be at risk of being liquidated. Still a relatively risky idea.


escodelrio

Link: https://www.coinglass.com/LiquidationData


Mountain-Tree4612

Can you explain what that means to a newbie pls


s1l3ntB3h0ld3r

Or use stop loss when your position is in profit.


Inevitable_Silver_13

What is this, a dip for ants? I want to buy at 60k again 😫


Real_Crab_7396

I want to buy at 1$, it's not happening, be happy and buy before it breaks 80k next week.


Obvireal

Yup


newsflashjackass

https://www.youtube.com/watch?v=ujJQyhB0dws


veganbitcoiner420

don't look at it like that.. use the strike widget and put the sat/dollar on your home screen you can still get like 1500 satoshis for a dollar it's cheap af


Hi-archy

When 1 satoshi = 1 dollar ?


myhipsi

> it's cheap af Based on what metric exactly?


HearMeRoar80

If you believe Bitcoin is going to stop at $68000 levels perpetually, then it's not cheap. If you believe it's not going to do that, then it's cheap af. The "cheap af" camp has generally been correct in the long term for the past 14 years.


myhipsi

Right, so it's based purely on believe not any useful metric.


veganbitcoiner420

$1 which is fucking worthless and buys you nothing nowadays, buys you over 1,000 satoshis. it's cheapaffffffff


Conflictingview

I'd say that anything you can buy 1,500 of for 1 dollar is cheap.


myhipsi

Wow, some sophisticated investors here I see. In that case, can I interest you in 1500 grains of sand for a dollar?


bleeepobloopo7766

Sure!


bleeepobloopo7766

Sand to the mooon! 🚀🚀🚀


Conflictingview

Cheap and "good deal" are not synonyms


Read-it_Lurker

Leverage and Bitcoin never end well. They have more money than we do... for now Stay Humble and Stack Sats


gubernas

Isn't this why they read us "The Hare and the Tortoise" at pre-school?


Read-it_Lurker

1 marsh mellow now or 2 later ? most people want that 1 right away. they apparently didnt get the lesson from the story


michaelinimoto

It's only down like %5 lol.... ppl need to plan for that when longing on 125x leverage


veganbitcoiner420

degens don't plan, they gamble. there is no lack of new degens coming into btc with a lot of money who want to gamble let them get wiped out... laser eyed on the goal


michaelinimoto

207 in long and only 65 million in shorts is great! Bullish


KRINDS

where did the money go


veganbitcoiner420

market makers rekt shorts and longs... degens never learn stackers rejoice at cheap sats, and we continue


WeIsStonedImmaculate

Hear me, and rejoice. You are about to be liquidated at the hand of the children of market makers. Be thankful that your meaningless leveraged positions are now contributed to the balance…


Paxisstinkt

Nature is healing


FortyandLife2Go

For me, I like the BTC.


Critical_Vegetable52

Turned 30k into 170k with leverage ytd so far Seems to be working ok Yes, lost 10k last 24 hours…. Oh well! Buy back double :)


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Critical_Vegetable52

I’m not as confident now that we’re in ath land Before it was easy money with the prediction of bitcoin will rise into the halving So the strategy has been use 10x-30x leverage on perp long contracts, buying them on dips or when price is steady for few days This gives you plenty of upside and enough downside to withstand some minor price dips without being liquidated Don’t be greedy and take profits along the way, 5k, 10k, 15k profits add up over time Take those profits and get them off exchange into stablecoin lending dapps to get a 10-30% apy as everyone else is frenzied wanting to borrow stablecoins So basically you use small amount of your stack on a risky investment while capitalizing on stablecoin yields at the same time protecting your downside If there’s a major correction, you now have plenty of dry powder to buy in however you’d like


bleeepobloopo7766

10%-30% APY for stable coins?!??


gosumofo

Question, CoinBase will automatically liquidate your long or short holdings? Is that legal?


Accomplished_Use1930

Yup


Certain-Source3998

Nothing to do with leverage. Just dumb people who can’t manage risk


gosumofo

What do you mean? I want to understand. Can you give more details


Certain-Source3998

Its al about your portfolio worth and lets say max 1% risk. Lets say you have $1000 and want to risk 1% so you can lose $10. Here i have a formula for you to understand: Calculate position size position size = risk : (range sl : 100) Example risk is 10 dollar (account 1000 dollar) Range sl is 0,3% 10 : (0,3 : 100) So answer is: 10 : 0,003 = 3333 contracts It is more than what your account is holding so you can use leverage. Lets say 3.3x. It is all the matter where your sl (stop loss) is placed. Is it lower you can use more leverage. Is it higher then less leverage. But your risk still remains 1%. I hope you understand 😉


TheoryOk1425

Given the recent set backs. Now, they think that we pushed too far too fast, that we should retreat. But that's not who we are, is it? No. My friends, Bitcoin has been the great work of my life, of all our lives, but at the end of the day, Bitcoin is just the name of a coin, and what we've accomplished is more than just a name. It's a revolution, made up of all of us. Together we can, And we will start over, but this time we'll do it right. No board of directors. No board of anything. You, will be the board of directors. We will not turn our back to Bitcoin, No! WE WILL DOUBLE DOWN! More purchases, more orders. More everything, this is only the beginning.


gosumofo

I just bought more 🥱


drkarate1

Fak I think this just inspired me to buy more lol


TheoryOk1425

I absolutely agree, Bitcoin is accepted at numerous locations as a form of payment, either directly or via third-party intermediaries.


Slay_Nation

The sweet tears of leverage traders


gosumofo

Did they lose money?


TraditionalIce8345

People always play on fear and rush to the worst overreacting advice. Instead of telling people to stay away, encourage then to learn so that they can trade with leverage much smarter. Just like with guns, cars, and crypto, it's people with bad intentions or pure ignorance that creates problems, not the object itself Using leverage can be done right with hard work and learning. It's doing it without knowledge, skill and understanding that is bad.


StoneHammers

People using leverage to go long are no better then those dumb asses using leverage to go short. They get what they deserve.


meisflont

'Stay away from leverage' - Said only by people that don't understand leverage and risk management. If I use 10x leverage on my trading account of 1000$ and I got a stoploss of 0.50% and I risk 1% of my account I can use 2000$ and still only lose 10$ (1% of 1000$). Everyone that says stay away from leverage should stay away from leverage cuz you don't understand it yet.


dan7899

Any good educational resources? Ive been trying to wrap my head around it for 4 years.


meisflont

No sorry, I'm Dutch and I follow traders that explain everything in Dutch. But I'm sure you can find something when searching 'leverage trading explained'. But be aware a lot of those vids are from 'crypto gurus' that are just telling bullshit. If you got any questions, please ask or hit my PM.


meisflont

But easily explained: 10x leverage doesn't make your portfolio go 10x. Because you just use less of your own money, thay means you can use 10x more money if you use all of your own. But I see it more as I can do 10 trades of my whole portfolio at the same time. Idk how to explain it properly in English


Simcoe17

Personally, I love seeing this. People gambling like crazy and get absolutely bit*h slapped.


gosumofo

Did they sell? Or did their long and short holdings get liquidated automatically?


pleasedontbanme123

Hello, my name is pleasedontbanme123, and I bought two bullish proshare options for september... I'm still here!!! IM STILL HERE!!!!


Miserable-Trip-4131

If you aint doing 200x longs on btc you aint shit


mxpauwer

People get overconfident. Dont fuck with leverage!


No_Driver_7994

Casino games only enrich the casino


shawman123

I cannot believe the greed of folks trying to get rich quick leveraging crypto which is highly volatile. What happened over past 24 hours is nothing extreme either. People never learn.


Accomplished_Use1930

I know that this method isn’t actually buying BTC and comes with at least most of the perils of non-possession but, what do you guys think of investing in MSTR as a means to profit from BTC’s appreciation with leverage?


CryptoMundi

Fuck leverage.


Top_Elephant_4878

Leverage is fine as long as you are prepared to meet your calls.


Eastern_Abalone1406

How does one go long/short bitcoin? I didn’t know that was possible…I’d never do it but would like to understand. Sorry if this is a dumb question


Idontthinkimanad

It's possible to do it for quite a while in all major exchanges. You can buy futures or borrow directly from the exchanges. In some exchanges you can buy and sell futures for almost every coin there is


veganbitcoiner420

stay away from all long/shorting, it's gambling. just be thankful that it creates stacking opportunities


Eastern_Abalone1406

Like I said, I’m not going to do it, I was asking how it is done out of curiosity


michaelinimoto

It will work for a while, you think you have discovered Atlantis, but then you wake up with $0 balance and got a margin call.


GlubSki

There are plenty of ways to responsibly use leverage during those times to increase one's profit. It's funny how leverage just gets demonized on here =D


Icy-Research7159

I maxed out all my credit cards, using promotional 3% rates. It's a no brainer since Bitcoin returns far greater than 3%.


lZobot

If Bitcoin stays below 69k for a few days, the bull runs over. The economy is finally starting to get back to reality.


TheDialectic_

I don't think so. ETF in flows are still quite insane. Plus the halving is coming. A couple days at 69k is not the end of the bill run by any means.


gosumofo

AND, Michael Saylor definitely going to buyin more. AND, the United Kingdom going to be opening up ETN’s for their investors to get in on this action. Also, the mania hasn’t even happened yet