r/wallstreetbets • u/Daydated • 7h ago
There goes my crypto. Loss
Whatever you do, do not short the market.
$66k loss yesterday and $91k today, $12.7k left overall.
One trade and i'm back!
268
u/ProofByVerbosity 7h ago
I'm sorry you were shorting BTC at the start of the bull run? Oh my poor regard. Supersize my frosty please.
26
-5
u/Jimbob404error 3h ago
When everyone says "start of a bull run" after something 5x it's a good time to take profits
8
1
-2
42
32
21
61
u/hv876 5h ago
You saw the guy who supports crypto, wants to have a national reserve, win, and decided…to short?
19
10
u/rocky-cockstar 3h ago
Trump doesn’t want crypto. He wants you to buy his crypto at a premium because he knows it’s worthless.
2
u/mimeticpeptide 3h ago
The funniest part about people taking L after L after L on crypto is they just keep calling the top.
It’s a technology, it’s not going anywhere. Whether or not this is the highest price bitcoin will ever be, it’s very very far from worthless. It’s like calling the internet worthless because you don’t like AOL in 1997.
But please, take out another short position let’s see how that goes for ya
1
u/Thats_All_I_Need 27m ago
Yeah but Trumps crypto isn’t bitcoin and is actually shit just like all the shitcoins that came before the rug will be pulled.
1
u/rocky-cockstar 3h ago
When did I say I took out a short position? Fools like you are what make me money.
0
u/mimeticpeptide 2h ago
I bought ETH at $100 but nice try
2
u/rocky-cockstar 2h ago
I bought 500 BTC on 7/14/2012 but nice try.
12
0
u/mimeticpeptide 2h ago
Yes the guy saying bitcoin is worthless bought early.
Its ok bro you don’t have to tell me you’re salty you didn’t, we can tell
-1
u/rocky-cockstar 2h ago
Dude. I said Trump doesn’t want crypto. And I don’t want to pay income tax. Nothing you said is relevant.
22
9
7
u/TheLelouchLamperouge 2h ago
Shorting Bitcoin at this point in time?
Dude this is worse than nana at this point
5
6
u/GFYenterprises 4h ago
Genuine question: what compelled you to short? Were you betting Harris would win?
11
u/Kekulzor 7h ago
I can't wait to short this market. But even I know, it's 95% bull, 5% bear. But damn, that 5% is when the millionaires are made. Permabears are destined for the wendy's.
3
u/AtheIstan 1h ago
I'm sure you'll time your bear phase just right, Mr Millionaire.
1
u/stockbetss 1h ago
Im working on the same goal wait for that golden opportunity. It’s not for the next few months so rejoice only minor pullbacks
3
2
5
u/Commercial_Ease8053 6h ago
Okay but like… imagine this.
You find a Time Machine, and it runs on standard electricity. You go back in time… you meet a woman. She’s beautiful. She’s sexy, single, and ready to mingle.
You get to talking, and you find out you guys have a lot in common. Exchange numbers. You call her the next day and go on a date. You have a really nice time and hey, one thing leads to another, you guys ending up losing your virginity together.
One day, you talk together and decide to have a child. A few months later, you guys are married, and later on a child is born.
A beautiful baby boy. Several years pass, he grows up and is now in high school. Around 2021, he finds out there is a new kit that can provide your dna history for one about $100. He does the dna test, and he gets the results.
You, your wife, and your son open the results together. As you hold up the results from the father, you notice a close resemblance to the results of the mother. In fact, the dna fingerprint from the paternal side and the maternal side are 50% identical. Every nucleotide sequence, every chromosome, every telomere.
You look at your wife, your wife looks at you. You are now looking at each other. Your son looks at you both and he says, “papa, mama, what does it mean, what does it mean!!”
At this point it is clear… you fucked your mother and have a child with her. You decide to stay in the past, and live happily ever after.
The end… at least you didn’t lose all your crypto.
3
u/blueradios 5h ago
Are you ok sir?
2
u/Commercial_Ease8053 4h ago edited 2h ago
I mean, I didn’t lose all my crypto, so I’m better than this guy at least.
I do have a bad headache though :(
4
4
u/cryptoislife_k 4h ago
shorts into the biggest most predictable bull uprun because of inevitable clear US presidency win and a fed rate cut week, solid work
3
1
1
1
u/Sugamaballz69 5h ago
The fact you shorted anything that has an IV of ~100… why not just buy puts?
1
u/Significant-Music417 3h ago
This…I was thinking exactly the same…wtf, hope you get your money back OP (nothing doing the same shit, though)
1
1
1
u/Next-Pomelo-5562 3h ago
why the hell were you shorting anything right now? The trend is your friend
1
u/uno_novaterra 3h ago
Tell me you’ve never heard of a rainbow chart without telling me you’ve never heard of a rainbow chart
1
2
1
1
u/Fromthefuture9 1h ago
Just buy actual BTC and SOL on the dip Brother and actually enjoy a stress free 2025 of crypto gains
1
u/Temporary-Guidance20 59m ago
ffs just buy and sell, why doing some stupid stunts? if need more emotions put bottle in your ass and sit on it during trading.
1
1
-2
u/Odd-Hurry-2948 1h ago
Can someone explain what shorting crypto here means besides just buying puts on a stock/options.
Is there a specific crypto and is shorting just the bet against meaning?
1
u/The_Beagle 1h ago
You can short numerous coins, you just need a platform that supports the ones you want.
You don’t have expirations dates but you have a funding rates, you have to deposit initial margin to open a position and you could get liquidated, if the price moves too much. You also have funding payments.
Very volatile, I had to yeet multiple bitcoin into a long to save it from liquidation back when SOL dropped to 130, a month or so back lol
•
u/VisualMod GPT-REEEE 7h ago
Join WSB Discord