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14326778 No.14326778 [Reply] [Original]

Guys, what do you think of my plan:

- Sell all altcoin and acquire 1 BTC. Trade this BTC on 2x leverage all year long on Bitmex.

Bitcoin shouldn't go down more than 50%, but just to be safe I will only do 2x leverage. I would be reaping some nice gains. Probably I will never make it, certainly not in this run, but if BTC hits 100k I could afford half a house.

>> No.14326792

Good luck losing everything faggot

>> No.14326829
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14326829

>>14326778
better yet, buy 20 x 30k strike december call options on deribit fot 1 btc. If we moon to 50k EOY, you'll be making 20k x 20 = 400k profit, settled in btc

>> No.14326880

>>14326778
You understand that margin trading require to pay funding?

This weekend longs was at 0.3% each hour

>> No.14327225

>>14326880

Bullshit it was, do you even hear yourself? Funding is every 8 hours

>> No.14327385

Bump

>> No.14327402

>>14326829
lol. 100% guaranteed to lose everything

>> No.14327407

>>14326778
Ayy lmao

>> No.14327482

>>14326792
this. bitmex is so incredibly manipulated that losing all of your money is just a built in feature on the platform.

RIP OP

>F

>> No.14327492

>>14327225
just trade the futures. why trade the swap?

anyway, your strategy is not completely retarded. i've traded futures on bitmex for two years and never been liquidated. use cross leverage and trade positions that are quite small, ie. don't be more than, say, 1.5x leveraged on cross

the price can go down more than 50%.

also there are other risks, such as bitmex theft or it getting shut down

>> No.14327540

yes, brilliant idea! You'll end up liquidated from funding lmao retard. Go ahead, open a position now and see how much you have to scrap from your position after a week to close it.

>> No.14327543

>>14326778
You look nice!
My cock is tinier than my Ledger nano S but i have 8 btc stored on it

>> No.14327566

>>14327402
people said the same when I bought my calls at $3800
go and put your money where your mouth is if you're so sure and sell those call options

>> No.14327609

>>14327566
its utterly retarded risk/reward shorting 30k dec options. theres nothing to gain.

btw the spreads on deribit options were way too high the last time i checked

>> No.14327657
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14327657

>>14327609
>buying calls is 100% loss
>selling calls is retarded
k

>> No.14327678

>>14327543
Did you get your private key tattooed on your dick? Good idea, no one will see it there!

>> No.14327697

>>14327657
i was talking specifically about 30k calls, you fucking retard. if you think going either long or short those is a good idea, go fucking do it.

anyway there's no volume on them, so good luck

>> No.14327752

Guys, 2x leverage on bitmex is fuck all. Funding is maybe 0.1% every 8 hours, so 0.3% a day, 2.1% a week or 6.5% a month. Hefty sum but the bull market will cover that

>> No.14327757
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14327757

>>14327697
bad RR for one side of the bet means good RR for the other side you mong. just admit that you have no clue what you're talking about.
also, there's enough volume for your dust, especially if you'd be selling the calls

>> No.14327767

Just hold the 1 BTC and retire from that, almost no one actually holds BTC, just retire after the next run.

>> No.14327912

>>14327767

I doubt a single coin will be enough, is all