/biz/ - Business & Finance

>>15956742
The final exit scam

Nice, we can get liquidated even faster now. This is so awesome.

What the fuck is wrong with this shit board not letting me post new thread

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>>15956742
Literally the PERFECT TIME TO SHORT

>>15956742
how is this even legal

>>15956742

>>15956742
READY TO GET RIQUIDATED ROUNDEYE?

>>15956762
Australians are being systematically barred from world markets and financial information systems. It's a coordinated attack on BSV and Satoshi.

>>15956752
why would anyone exit an ultra profitable business?
https://www.theblockcrypto.com/post/43564/binance-just-crossed-1-billion-in-cumulative-profit

>>15957935
Based CZ

Could someone please explain to me what margin trading is and how I can go about getting absolutely assfucked by it?

>>15957945
You can't.

>>15957945
You put in $100 and if you're lucky you get back $12500 but you're never lucky so you lose it all.

>>15957945
Prime-xbt.io

It’s crypto on steroids

>>15956742
> future are USDT only
even binance know BTC is going down

>>15956742
KEK

>>15956762
based jannies, all incels shall be purged. this is 4channel and you're insidious spergs will not be tolerated here

>>15958132
so I'm the only one freaking out about this ?
pretty much all other future platform cash you out in BTC so whale have an incentive to pump the price eventually
binance cash you out in USDT so you can make money even if BTC goes to zero ...

I'm so fucking sick of it being illegal to make money in the US

If I move to Mexico will I be able to margin trade freely in Mexico?

>>15958591

What is a VPN for $500 alex

>>15958611
Yeah right and risk getting wrekt if I slip up once no thanks

>>15958570
>you can make money even if BTC goes to zero...
yes because tether isn't backed by BTC and only 100% USD

>>15958611
A tunnel to get your life savings through obviously

>>15956754
Lmfao!
>>15956742
>moves .001% in the opposite direction
>loses life savings
Yaaay

>>15958002
kek
>>15957945
basically you have to use a vpn for most of them. Like bybit. You then throw money and make money by longing if it pumps and shorting if it dumps. The higher the leverage, the easier it is to get liquidated i.e. lose all your shit.

Say you do a 25x long with a 1k investment, thats like playing with 25k since 24k are burrowed. No loans so the most you can lose is what you throw in. Any gains are from the 25k and not just the 1k meaning you can make massive money.

Its honestly better than just hodling but its also a lot riskier

>>15958937
also, I would use bybit. I tested it out by makign an account with a vpn then turning off the vpn then turning it back on and they dont seem to lock your account.

You do that exact same thing in say bitmex, they lock you amd give you 8 days to close positions and take your shit out. Bybit SEEMS to be the safest place

>>15958570
OH fuck it's actually over. Things were so much simpler before derivatives were a thing.

>>15958937
It’s only as risky as you want it to be. You can short 1x to basically turn your position to virtual USD if you were so inclined.

Sometimes I’ll just short under my account equity to reduce exposure to volatility but still benefit from moons.

There’s no reason to not trade on a margin exchange.

>>15958611
If you're paying $500 to use one of Alex's VPN's I've got a bridge to sell you.

>>15956742
margin is irrelevant if your collateral is fucking huge you dumb fucking bear holy shit

>>15958570
how do you plan to cash out usdt while bitfinex is insolvent and have the "cash on other assest, like btc". ?

>>15958570
what the fuck

>>15959677
just get to the door first ...

>>15958132
>even binance know BTC is going down
could you explain the relationship between usd futures and bitcoin going down?

>>15959066
So let's say I want to reduce my exposure when btc moon, I just have to convert to USDT and wait to crash then buy btc again?
There's any risk of doing it? Do I need to short 1x to be able to do it as well?

>>15958611
You still can't sign up for binance is you're in the us
And binance.us blows

This is what they call “race to the bottom”

>>15957895
Kek

>>15960312
Just use a vpn. I was able to sell my linkies just fine

Can't you avoid being liquidated by using a stop loss order? If this is the case, how is there any risk at all? This obviously isn't free momey or else everyone would be doing it, so what's the catch?

>>15960566
if you use cross leverage, or keep it to a maximum of 5x you'll be pretty safe. They make money on the degenerates that use way too much leverage and just get liquidated left and right. A stop loss will prevent you from losing everything yea, but bitmex has their own traders and can see every order in the book, which makes it very easy for them to trigger stop losses, then blast the price back up again, making you literally just lose your money cuz you had a stop loss.

Cross leverage and limit orders is a very safe way to make money if you know when to enter trades.

>>15960566
and of course there's still a risk with a stop loss. You still lose a fuckton of your stack, depending on where the stop loss is. On 10-100x, your stop loss will have to be pretty close to your buy in, which will result in you losing a huge chunk.

>>15956742
kek

>>15958910
Nobody stakes that much you nigger. 50x+ investments are meant to be done with very small amounts because you're still profitable after being liquidated numerous times. It's simple math

>>15957935
That is a low estimate. Calculate their volume and factor In "listing" fees and it's obvious that their real profit is much higher. Regulators are going to fuck them hard at some stage but until then they will make a killing. Good luck getting out at the right time.

>>15960420
I don't have an account though. I just want the 0.1% commission and the higher volume exchange for prediction purposes