BTC SHORT 67% DOWN WHAT

>dump incoming
>close shorts
>???
>profit

Why the fuck would you close shorts if a dump is incoming?????

that was the biggest plunge in shorts since aug 2017 where the chart stops and not even a dent in the price nigga what

maybe because the exchange does not want to fucking pay them out?

Bitcoin etf approved, bitcoin going to 100k end of day Monday

massive dump first though

filling the cme gaps y'all feel?

this, wtf?

Hodl you idiots.

We bull now, my buy order just got filled

Derivatives such as short long bets, do not represent actual trading on the underlying ( BTC )

ELI5: when you have 10 apples and creat Derivatives, you will allow almost a unlimited amount of Volume. What means that its possible that also the 10 - 100 - .... fold amount of the underlying can be "owned" by traders at any time.

I've seen this. I've seen it! What the fuck just happened?

>ELI5
Oh god Reddit is here in full force, thanks faggot just shorted 100k tip for the year Is in

EVERYONE IS TALKING ABOUT THIS WHAT THE FUCK IS GOING ON ASSHOLES

We bull now, get in or stay poor

I don't underfuckingstand wtf is going one here!!!!

Attached: wtfshit.jpg (620x455, 51K)

YOU FAGGOTS DIDN'T EVEN SELL THE TOP AT 28K? FUCKING RETARDSAAAHAHAHAHAA

What happened in the above pic?

anything happening? creg goes jail? ???

Maybe it's all fake from Bitfinex and nothing happened? Or maybe Bitfinex is insolvent so people closed positions and withdrawing money in hurry.

chepicap.com/en/news/9738/10-500-btc-short-position-closed-on-bitfinex-shorts-drop-nearly-40-.html

>Be undergraduate in engineering
>Work literally constructing shit and everytime i talk about my job people dont get a single word
>Dont get what shorts are

What kind of shit is this?

A

Claimed margin =/= shorts.

You can reserve margin and simply pay interest for the right to sell the coins. That's what happened here

You sell with someone else's money and buy back in when you close the position. The asset you bought goes back to the lender and you keep the price difference. How hard is it to understand

Are you asking what a short is?

Its essentially jewish magic when it comes to stocks.

Short or Long you are betting that the market will follow your choice from the entry point.

Example you enter BTC market short at 11,000 and its goes down to 9,000.

IF you close your position at 9000 you make money on the difference. If the price went to 13,000 you may be in danger of liquidation if you dont close your position at a loss.

So someone has closed his short, probably at a loss, while Bitcoin is dumping? That makes no sense.

Nothing happened because nothing is going on. An exchange or massive whale did this so everyone can start freaking out, fud and fomo at the same time. Epic

Are you implying Bitfinex doesn't show short positions, but only claimed positions in total?

you borrow to sell.

so say price is $100 and you borrow 10 units to sell at $99. When contract expires if real price is $89 then you get to buy @ $89 and sell at $99 for instant profit.
If goes the other way and price is $110, you must buy at that price and sell for $99.
can be more complicated, but thats the main concept

Glad I trusted that TA that said we are going to 6.5kish first before 50k eoy 2020

I fucking hope so because I had to sell my small stack around 8k~ because the company I work for was laying off half the staff.

Luckily I was spared but I sold all my shit for cash thinking I would need it for bills when my ass didn't have a job.

so basically reversed investing?

WHAT THE FUCK

Attached: MOOOOOOOOOOOOOOOOOOM.png (1811x767, 82K)

stop spoonfeeding ffs

just look what happened before

Attached: 1561910747785.png (1828x910, 81K)

But why would anybody do this?
This sounds like betting on something or just predicting it.
This would mean i can short on anything in the stockmarket with money i dont have to value you dont know if it is really going to short or long.
This literally sounds like 2 kids sitting somewhere and the one kid is throwing stones and the other kid is just going to bet with money from kid 3 that kid 1 is going to throw shorter next time.
Why would kid 3 take the bet?

the dump happen because the shorts are closing not the other way around

Am I retarded or what?
If shorts are down, shouldn't that be an indication that price is going to go up?
How does it indicate that price is going to drop?

Yes that what i understand to wouldnt shorts go up in
this post if people would start shorting BTC in hope it plummets?

Its glorified gamlbing for the warren buffets and the george soros's of the world.

When cards and dice just dont cut it you need countries and lives to play with.
Why anyone does this is because you can make a bunch of money doing it (but also lose everything)

I have made 1200% ROI with leverage and short/long in 1 hour. Gains like that do not ever happen in "real life" especially from just 2 mouse clicks.

it's actually more than glorified gambling because nobody is going to give you 100x the amount you own to go spend it on the roulette wheel
margin is most profitable for exchanges because of liquidation

that's why shorts closing mean the price will dump, since now there's a lot more long to liquidate than short

>shorts go down : heheh they wont short so that meams were going up

>shorts go up : heheh short squeeze soon, moon mission incoming :)

cant win with these retarded moonbois

you get my post wrong. Its THEM gambling on US using the system.

They win in the end with all the fees

Wow, since when did /biz get this retarded? So many 20yo niglet newfags.

Shorts drop when they close their positions. They close their positions when either 1) the price moves up too high, too fast and they are forced closed, or 2) price moves down hugely, and they close position to take profit.

Look at the same chart and compare the big red days to the BTCUSD charts. You will always see what I outlined above. The moves in May between May 7 and 11 demonstrate.

Now quit trading bitcoin like absolute niggers, anons.

go back to plebbit faggot

Wrong. They can settle their positions without moving the market. Bitfinex provides a way of closing the margin otc. Just have to pay the maker fee

holy crap the last time it dropped like that in may 19th btc went up

>anons not knowing what a short is
oh god the bull market really is here

Attached: 1559605951827.jpg (231x218, 7K)

>Facebookfrog
Retarded facebookfrogposter need to be gassed

so as i understand since there's a lot more long to liquidate than short, people are expecting bitmex and such to crash the price for higher gains?
also this , why the massive closure of shorts then, what triggered this sell of?

look again faggot

Attached: gchf.png (2439x1255, 196K)

I see no price drop. Nothing is gonna happen ffs

Attached: may or may not.jpg (1541x865, 160K)

> price literally dropped 2k
>I see no price drop.

Attached: L9MlEPw.jpg (807x659, 37K)

The current price you fucking retard

You should switch degrees
t. Engineer

what does it mean

yes if you hodl your btc for the next 5 years you'll probably be in profit
this is about short term moves, possible short entry, and lower spot buy

Just tell me when to buy. Do I buy now?

Go all in, thank me later

This

just the comparison between btc price (green line at bottom) and the amount of shorts out there betting on BTC price (candles in the middle)

you can kinda deduct from this chart that a drop in shorts leads to either BTC price dropping soon or going sideways, and this seems to be the biggest drop in shorts this year

What the fuck are you talking about cuck there was a lag

yes listen to this he would have probably told you the same at 20k or at 13k 4 days ago

because the price you pay to borrow the asset in order to short it is calculated by some model

Followed by a pump of similarly epic proportions.

truth but you can profit from both
only retards are permabulls or permanbears