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10357245 No.10357245 [Reply] [Original]

Has anybody here played around with UP and DOWN contracts on Bitmex?

>> No.10357433
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10357433

>>10357245
Sorry, no one here is a degenerate like you, OP

>> No.10357934

Basically scam, don't bother with them.

>> No.10357939

>>10357934
Care to elaborate real quick?

>> No.10357941

Rigged platform anon. I know it's tempting but for your own sake avoid it. Or go for it and see for yourself if you dont believe us.

>> No.10358124
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10358124

>>10357941
>>10357934
>t.hurrrrrr im retarded and used 100x leverage and got liquidated for 100% of my money that means its a rigged platform hurrrrrrr
>>10357245
Personally I just stick to the swaps on low leverage and it's worked out pretty well.
aint nobody got time for dat sophisticated shit

>> No.10358154

>>10357245
the premium is too pricey use https://www.deribit.com/reg-1027.5415?q=home instead.
you can trade options there on both sides, while on bitmex you can only long and bitmex trading desk is allowed to long AND short

>> No.10358155

>>10357939
Sure. The contracts are not tradable, you can not short them. You can only buy them from bitmex.
The contracts are hugely overpriced, if you look at historical data, they were rarely profitable, because of the bitmex margin. Bitmex is kinda shady already, they would not sell you something for lower actual value.

>> No.10358175

>>10358124
I was talking just about UP/DOWN contracts.
Everything other on bitmex is legit.

>> No.10358206

>>10358124
lol fucking retard. it's not rigged because of morons who use 100x leverage, it's rigged because they're selling people's stop loss positions to bot owners

>> No.10358221

>>10358175
fair enough anon, I agree with that.

>> No.10358274

>>10358206
prove it retard.

>> No.10358473

>>10358206
wow, such a retard
protip: whales don't need to buy info about stop losses because they know where people place their stops because the masses have learned the same techniques so it's obvious.

>> No.10358523

>>10358206
How retardo do you have to be to unironically believe in this

>> No.10358815

>>10357245

Nigga are you talking about binary options?

>> No.10358827

>>10358274
>>10358473
>>10358523
Whew the whole bitmex damage control team is out tonight!

>> No.10358892

>>10358827
Exactly what I was thinking. As a potential future customer, the fact they have to damage control so hard makes me wary. And I doubt they're doing it for free which implies some kind of operation. That really worries me.

>> No.10358923
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10358923

>>10358827
>I agreed the up/down contracts are literally a scam
>the other guy fucking suggested op use A DIFFERENT EXCHANGE
>another guy asks a simple question
>hurrrrrrrrrrrrrrrrrrrrrrrrrrrrr ur just damage control
imagine being this retarded.