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What happens to instruments if Tether (USDT) crashes next?
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Are these tokens like BTCDOWN and such ? I remember them from a while back
90% Some BTCDOWN on Binance ... :)
I label my drug vials BTCUP and BTCDOWN.
Is it a leveraged token you buy? Like BTCUP or BTCDOWN?
I think I found the top performing coin during this volatile period - BTCDOWN. This alt is up 6x in three months 🤡
\> I'll be buying puts linked to both BTC (BTCDOWN) and ETH (ETHDOWN) \[...\] Note. This is risky Man, this is not just risky, this is further leveraging an already overleveraged volatile market. Maybe like driving a motorbike on a string hanging between two ships during a storm... :) I'm not familiar with how this exactly works. Is there any kind of stop loss to avoid/reduce the chance of getting liquidated? In any case, you seem to know what you're doing. From my heart, good luck and please take care!
BTCDOWN token on Binance. You're welcome
Maybe I'm slow but what does that imply? For the sake of argument if either BTCUP or BTCDOWN is trading at 30 USDT and USDT/USD crashes to 0.5 $ would BTCUP or BTCDOWN then trade at 60 USDT, keeping the intrinsic value of 30 $ ?
If USDT is the next in line for slaughter what would realistically happen to instruments like BTCUP/USDT and BTCDOWN/USDT? Would they "correct" like BTCUSDT did when it hit "100k"? I.e. keep the intrinsic dollar value or would it actually crash?
Market isn't that bad. That BTCDOWN/USDT coin has been increasing in value since a couple of days despite the bear market.
I bought some BTCUP and BTCDOWN from binance (these don't liquidate you) but finally I didn't like it. Now I'm just holding.
Just buy BTCDOWN on Binance. It is as easy as buying BTC itself.
Never a good sign when you start to see craps coins like BTCDOWN ETHDOWN in top 10 gains
I do it by buying BTCDOWN and ETHDOWN on Binance. There is a leverage too (between 1x and 4x). Worked like a charm duing the fall to $34k.
ah yesss BTCDOWN is going to the moon!!!
If its going down, BTCDOWN is gonna go up 😏 #NotaShorterBTW
My not that risky: Cash My a little risky: Real Estate My kinda risky: S&P 500 My very risky: BTCDOWN
Watch BTCDOWN/USDT instead ;-)
In simple terms, you are betting that it will go down. On Binance it is very easy, you can buy "BTCDOWN" on the sport market, same as you would buy "BTC": https://www.binance.com/en/trade/BTCDOWN_USDT. Warning: There is leverage involved, so a 1% movement in BTC price will be around ~3% movement in BTCDOWN.
You don't have to go Long, you can bet on Short if you are very sure we will have more dips, then buy ETHDOWN/BTCDOWN...... etc.
Alright, there is this great token on binance called "BTCDOWN" that seems to be doing pretty well. Some positive bullish news to lighten your mood
Because it always happen in the past, and will happen in the future. Otherwise make some profit on the way down with BTCDOWN on Binance, or crypto options on Siren protocol, less risky than Futures trading.
You scared 😱 ? Sell everything and buy BTCDOWN ! Then the BTC will go ath the next day
There's a coin on Binance called "BTCDOWN" that's been doing really well recently, I imagine it's going to p.u.m.p as soon as BTC gets its act together. /s
Some people buy leveraged down tokens as a hedge, i.e BTCDOWN, which means if BTC and the market drops this coin's value will go up. You can't get liquidated, but betting against the market like this might not be for you.
Fair enough but do you remember just a few short months ago how crypto was dipping and people purchased Binance Leveraged Tokens which were supposed to act as a short with 1.5-3x leverage? Like BTCDOWN etc. And then when the market tanked their value also dropped? Then their trading was halted and when it resumed the value of the leverage tokens was pennies on the dollar of what it was before. Binance doesn't care about their users and as this event proved they pushed scam tokens which didn't do what they claimed they did and people lost huge amounts of money on it and never got refunded.
BTCDOWN on Binance is doing great
BTCDOWN is down 3.31% in the last 24 hours.
put the money where you put your mouth, BTCDOWN in Binance for example
So I have never seen anyone mentioning this, but there's a BTCDOWN token in Binance. It is basically leverage shorting bitcoin without having to do that. It's a token connected inversely to the price of bitcoin. I don't see a reason why I wouldn't just buy it up and win on the market bleeding out.
$5000 on BTCUP $5000 on BTCDOWN Hedge mastery.
I mean, it all worked out :) But as a long time hodler my real advice is to follow the rainbow chart below, take profit when BTC enters the red (alts pump afterwards with a lag), buy some BTCDOWN/DOGEDOWN/etc (after they reconsolidate them from like $1e-7 each) and buy back in generally when Blue for the 2025 cycle to $1MM+ I say this as somebody who doubted it'd go Blue last time too and bought back in waaaaay too early on alts. To me the rainbow chart is the only truth [https://www.blockchaincenter.net/bitcoin-rainbow-chart/](https://www.blockchaincenter.net/bitcoin-rainbow-chart/)
If you're new to it, try BTCUP or BTCDOWN on Binance. You can't get liquidated this way
I may invest after the bullrun, or just buy me some BTCDOWN and not touch that ticking bomb.
A safe and easy way to try using leverage is by using leveraged tokens. These are on exchanges such as Binance. You can buy BTCUP and BTCDOWN. There are fees built in for buying the tokens but you don't risk being liquidated like with normal longs and shorts. I'd still recommend setting fairly tight stop losses if the market doesn't go the way you expect.
BTCDOWN. It doesn't feel like bitcoin is going to sustain 50k
Yeah the whole industry of leverage trading is rigged as fuck and and designed to suck money out of the pockets of retail traders who don't understand their obfuscated systems. Binance are currently facing a lawsuit at the moment because their BTCDOWN leverage tokens actually lost money when BTC crashed when they're meant to do the opposite.
I think we'll see more & more of these: incredibly confusing projects that it's not clear exactly if the project is genius or insane. I tried shorting BTCDOWN once on Binance, and I was so confused.
No, it's like they gamble against the coins in the futures markets. Another example on how they could profit: binance sells leveraged tokens like BTCDOWN, ETHDOWN, etc; these tokens go x3 up when BTC or ETH go down.
me too, ill gonna open a short... or buy BTCDOWN, probably BTCDOWN...
Its looking like a great time for buying BTCDOWN!
There are tokens like BTCDOWN, which goes up at a leveraged rate if bitcoin goes down. However you should be careful because these binance tokens take a fee and degrade in value over time, so they are risky as a long term investment.
I would short the BTCDOWN token. It'd be so confusing if I'd profit from BTC going up or down in price that fate would not know what to do to lose my money. Might actually win a trade for once.
I wouldn't generally do that. So much risk. I'm an economics grad too, so unless you're an expect trader I'd steer well clear of leverage trading. BTCDOWN and other leverage tokens are better, but you need to look at indicators instead of price to determine when you enter. RSI, volume, on-chain data etc.
Check out Binance Leverage Tokens. Not sure how they work, but they offer exactly what you're offering with coins like BTCDOWN etc.
My mum told me I’m not allowed to buy any more BTC. So I shorted BTCDOWN.
Earlier today I saw big red candle and bought freakin BTCDOWN, could you believe
There is a DOWN and UP tokens for each token. BTCDOWN, BTCUP. I know you can buy those on BSC at least. They are on binance charts too.
I heard that Binances BTCUP /BTCDOWN coins ware a good alternative
I bought small bag of BTCDOWN, so that you guys have fun when I'm in 5-10$ in loss
I have figured it out guys, I have finally decided, I have decided that I'm buying, I'm buying ^(BTCDOWN)
BTCDOWN looks so good, how do I resist buying it?
Yes, BTCDOWN is so cheap to grab on
ETHDOWN, BTCDOWN are the tokens to go for right now, they look ready to moon
Yup. If you put in $100, even if it was a leveraged long token, the most you could lose would be $100. They’re typically called like ETHDOWN and BTCDOWN or ETHBEAR and just BEAR for BTC.
They are called leveraged tokens, they are basically related (not tied) to a cryptos value. For example, if the price of BTC goes up 1%, BTCUP goes un 1% times the leverage (for example x2). If BTC goes down, then the BTCDOWN token goes up. It's similar to shorting/longing the coin. The advantadge is that they have is that they offer leveraged gains without the risk of liquidation. The disadvantadge Is that leverage varies so the exchange (for example binance) can take profit. I can explain more math behind them if you want in another comment.
I think you can trade BTCDOWN on Binance spot market.
BTCDOWN on Binance, walk away with 250 bucks in a few days time.
The leverage is variable and tends to be higher when the price is rising than it is when it is going down. It's really not suitable for holding any longer than a few days, a week at the very most. Zoom out one year on the BTCDOWN chart and you'll see what I mean. I just used the information available to me on Binance, but I'm personally backing away from it, at least for the time being, until this UK Binance stuff becomes more clear as BTCDOWN is a derivative and therefore liable to be banned in the coming days. It's a big, big shame, because BTCUP and BTCDOWN have been my golden ticket to recovering my losses since the tank in May.
Up until the news today, I was a devotee of my weekly BTCDOWN positions. I'll be moving over to shorting. Come at me 🤷
I am not using highly leveraged 10x margin shorts. I am only using the low risk 3x margin tokens like BTCDOWN. The benefit of using them is that there is no risk of liquidation
BTCDOWN on Binance, thank me later
You should really take with I say with a major pinch of salt, because I got involved in march and have had to play catch-up in terms of knowledge very quickly too, but after the tank I identified the price range for the first month generally operating within the 30-40k range. Therefore, it's a relatively safe bet to buy BTC at 32k and sell it close to 40k. If you have the mental fortitude, you could also buy a leveraged token like BTCDOWN (which increases in value when BTC's price goes down) when BTC is at one of those higher numbers and ride it back down to the lower part of that range. But we are certainly experiencing lower highs (last week was an anomaly) and teasing out a new price range that incorporates numbers in the 20k range and should therefore be super-careful. I don't know much about MATIC, but after it's herculean run up to $2.40 or thereabouts a couple weeks back I'd say that, just in general, it's too volatile to feel safe trading short-term on. For me. If you're studying the charts on that one you are sure to be better informed on it than I am. Generally speaking, buy a number low enough that you could expect to see it recover to that number even if it tanks further, and buy the dip it it tanks further to reduce your likelihood of an overall loss. Again, I got started it March and nothing I say is necessarily good advice, it's what has worked for me up until this point and that's all that can be said for it.
S'a good point. It's a weirdly large amount of shorts to come out of absolutely nowhere, that's for sure. And not even at a healthy number to do it from. 33k. I opened a BTCDOWN position at 35.2k and I thought even that was playing with fire.
I’m not an expert by any means, but as far as i can tell, you either short BTC by borrowing it, sell it immediately, re-buy at a lower price, estinguish the debt and you keep the difference, or by buying leveraged tokens directly (BTCDOWN on Binance for example)
I purchased BTCDOWN last week at 40k and this week at 35k, AMA/throw rocks at my head
I bought BTCDOWN at 40k, you're goddamn right I sold.
There was ONE guy who had liked my post post but apparently out of shame he withdrew his like. I was going to ask him to DM me so I could show him the full process what led to this and what is going to happen from now on. I've been in BTC3S and BTCDOWN since posting the original. It's not over yet. Good luck!
Can you buy BTCDOWN? It's what I did.
Thanks for the heads up. I’ll only risk ~5-10% and set a reasonable TP. May have to be BTCDOWN in that case
BTCDOWN has been good to me this past week
I bought BTCDOWN on binance.
Fuck it, time to buy BTCDOWN
For starters, you can buy BTCDOWN token on binance. Its price goes up when bitcoin goes down
What a happy outcome. I got to sell my remaining BTCDOWN that I bought at 40.5k at 33.5k, we all got the buy the dip, then along came a speedy recovery with enough momentum to hopefully push us up further than where we started today.
It’s a multi pair option (idk the name things like BTCUP BTCDOWN on binance) agressive USDT bot (start a new order ASAP) ,with a profit target of 3% and a stop loss it works pretty well I am not good at trading myself so it’s a bot made by someone else that I edited a little bit.
I'm great, honestly, I took full profits above 40k this week and turned them into BTCDOWN when we bounced off 41k the second time, and took 50% profit from that yesterday around 35.5k too. Now I'm just impatient and kind of baffled at the thought of all these people buying up the 35-6k range when it's such a mediocre price relative to the past month's action, and esp considering a v-shaped recovery can now be thoroughly ruled out.
**RIP THE DAMN BAND-AID OFF** *I may/may not have bought BTCDOWN at 40k
I fomoed into BTCDOWN at 33k Fuck I wish I was you :)
I FOMOd into BTCDOWN y'day when we crept to 39.5k.
Held onto my BTCDOWN for sure.
I was considering a short-term hold anticipating another bloodbath on Sunday and/or Monday but something in my gut was suggesting we might see a change in momentum. Sadly, I didn't expand any of my bags last weekend as I didn't feel confident about where the market might be headed. Oh well, looks like the future is bright. RE: what you said, sure, that makes sense but if it has nosedived so severely over the course of a year it suggests a lot of people are getting wrecked even when their intuition about the market was correct. The BTCUP token does not appear to have done this, only BTCDOWN.
For a hot minute a few days back I was considering BTCDOWN, the leveraged token over on Binance. On one very obvious level I dodged a bullet. Then I zoomed out past a month and saw that this fucking thing has deflated to literally like 1/1000th of its value from a year back and seems to tank even when the market is otherwise bearish. Stay well away.
Yep, swapped my portfolio for BTCDOWN and I’m doing great.
Currently? I'd say BTCDOWN or for more leverage ETHDOWN.
When BTC was around 8-9 k in june 2020 BTCDOWN token was around 12 dollars. Nowadays BTCDOWN token trades around 0.05 dollars. Does this mean if btc would crash to 8k levels BTCDOWN token would go up by 200x to 12 dollars again ?
Those are ETFs. *Tokens ending in -DOWN go up in price when the coin price is going down*. Eg. when you buy BTCDOWN you essentially short BTC with 2-4x leverage. Buying these tokens give you the opportunity to use leverage for both longs (-UP tokens) and shorts *without the risk of liquidation.*
Buy BTCDOWN on Binance Never use all of your holdings for leverage shorts. I use small percentage since it can be risky.
[BTCDOWN ](https://www.binance.com/en/trade/BTCDOWN_USDT?type=spot) Short on Binance - Simplest way to short When you buy BTCDOWN you are basicly betting that the market is going to dump, and you are betting it with a 2-4x margin. That means that you can make a lot of money if the market crashe, but mecaus of the margin you can also lose money much quicker. For example BTC is down 4.4% today and BTCDOWN is up 12% today In simple terms it goes up when BTC goes down
Yes, with leveraged tokens such as BTCDOWN on Binance.
Anyone had much luck using binance leveraged tokens BTCUP/BTCDOWN etc. Has a look back over the charts and there's some serious gains to be made (or lost!)
Kinda boring being 100% in stable coins for the next few months so I decided to throw a tiny amount($20) into the BTCDOWN short on Binance. Kind of nice having such a small amount on a 2-4x margin short