How do I into this math, Jow Forums?
How do I into this math, Jow Forums?
Gavin King
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Nicholas Foster
This is when bears realize how low their IQs actually are.
Tyler Myers
posting after the facts
...
3 more days
... posting after the new facts
see ya all all at 2k
Robert Brooks
I learn math by counting my profits and it's taking a long time.
Jack Gomez
That’s a good point. Fuck bears
Aiden Turner
That man doesn't understand how shorting works. He also got BTFOd in the comments. Screw him.
James Rivera
The fuck is going on here? Am I the only one who sees this?
How can long $3122->$6300 make more money than short $19666-$3122?
Angel Morgan
>bear cope
Face it, if you were smart you would be a bull like us chads and then btc would be $100k today cuz there would be no bears, and we’d all live as happy rich crypto chads forever and ever
Chase Baker
The short would have made you more BTC but btc would be worth less
Levi Adams
It's a property of bitcoin related to the block reward time, which satoshi designed to have an incentive to acquire bitcoin.
It basically means that bitcoin can't go down long term, that's why Jow Forums hates bears, because they're literally retarded
Jacob Edwards
this, reatards
Adrian Ross
what's the retrace percentage? maybe 85 percent.
what's the percentage while it's risen? 100%
Tyler Parker
Right but he said "more money" not "more percentage"
Evan Carter
don't post anymore of your stupid shit please
Oliver Robinson
imagine you want to make money and have 10'000 to invest, you would have made more money buying the bottom than shorting the top
Nathan Rivera
he's obviously implying that you go in with the same principal
if you pretend you're to dumb to understand that kys
Jordan Long
What? It's right. The retard is tracking in USD value instead of satoshis or w.e
He's a brainlet this isn't 2013 LMAO this freak counting in worthless USD fuck USD value I don't care I need more btc I dont care if its worth 20 fucking dollars tomorrow
Connor Wright
He's wrong.
Long:
Buy 1 BTC @ 3122
Sell 1 BTC @ 6300
3178 profit = 102% of 3122 investment
Short:
(short-)sell 1 BTC at 19666, with 19666 as collateral
buy 1 BTC at 3122, close contract and receive collateral back (minus fees)
profit 16544 minus fees is 430% of 3122.
He's mistaking the collateral for the investment, however that's only correct when people get liquidated.
Liam Hill
Fuck bears forever, but this post is completely wrong. The fact that all the people re-posting this don’t even know how shorting works shows how the crypto space is full of brainlets and 15 year olds.
When you open a short position, you borrow shares at the current price and your profit is the difference between the price that you opened and closed at.
If you opened at $19k and closed at $3100, you made $15900. Way more than doubling your money buying at $3100.
Jeremiah Price
baste and mathpilled
Anthony Hill
Why this boomers think shorting = selling :(
Carter Rodriguez
Shorting is short for short selling, why didn't YOU know this?
Owen Barnes
I...
No...
Hunter Lopez
>Long: Buy 1 BTC @ 3122
Your long scenario starts with 3122 USD.
>Short: (short-)sell 1 BTC at 19666, with 19666 as collateral
Your short scenario starts with 19666 USD.
So often the outcome is that the short scenario wins, because it started out with 6.3 times the capital. A fair comparison would be starting with $1000 USD in both scenarios.
(To preempt the whole "worthless USD meme", start out both scenarios with an troy ounce of gold or whatever.)
>If you opened at $19k and closed at $3100, you made $15900.
If I had $19k, then yes, shorting makes me $15900.
>Way more than doubling your money buying at $3100.
If I had $19k, then that would buy me 6.129 BTC back when BTC was $3100. Now, 6.129 BTC at $6300 is $38612. $38612 minus the original $19k is $19600 in profits. $19600 > $15900 obviously.
Brayden Anderson
BASED
Ryan Murphy
When creating a short position, one must understand that the trader has a finite potential to earn a profit and infinite potential for losses. That is because the potential for a profit is limited to the stock’s distance to zero. However, a stock could potentially rise for years, making a series of higher highs. One of the most dangerous aspects of being short is the potential for a short-squeeze.
A short-squeeze is when a heavily shorted stock suddenly begins to increase in price as traders that are short begin to cover the stock. One famous short-squeeze occurred in October 2008 when the shares of Volkswagen surged higher as short-sellers scrambled to cover their shares. During the short-squeeze, the stock rose from roughly €200 to €1000 in a little over a month.
investopedia.com
Grayson Taylor
It kills me that I had to scroll so far down to find this comment. Biz is fucking dumb as hell jesus christ.
Camden Roberts
That guy had pretty solid bait
Parker Martin
according to it would be 430/6.2 = 69% of 3122 investement (short), not 430%