/biz/ - Business & Finance

>>17795914
I'm too retarded to do anything beyond simple buying and selling. people always say their shorts are doing well but I'm not really sure what that means

>>17795956
borrow btc, sell it, btc goes down, buy borrowed amount and pay it back, keep change

>>17795956
you're better off this way

People need to stop using bitmex, they look at everyones positions then pump or dump BTC to liquidate them. Then if things get out of control they shut down the exchange and make users absorb all the losses rather than using the insurance fund, they wont let users profit by longing into the majority of the liquidations. Even 1x leverage long is risky on bitmex right now.

>>17795956
You are ahead of most players my man

>>17796770
this
imagine using perverse instruments to get liquidated with a very high probability instead of owning the private keys and buying and selling as it should be

>>17795956
You’ll never get obliterated the anon. Shorts Re basically:

I have 10k link. I think it’s gonna plummet, so I borrow 10k link using my 10k link as collateral.

I sell this link at 3 usd. Link drops to 2 usd. Ire us the link. I then give the link back to the lender + their interest,and keep. The remainder of the profit.

Crypto is fucked because people margin way beyond reasonable e.g x 10. So borrowing 100k link against 10k. That, plus whale barts, ruin a lot of people.

>>17795914
Perfect...

>>17795956
they are all lying and coping hard. I lost so much money shorting in november 2018 and this month it is insane.
people only scream loud when they win but most of the time they lose and say nothing and cry like little bitches

>>17796599
Is the 3x leverage ETHBULL token a better choice? I won't get liquidated right?

>>17797085
This sounds like a foolproof way, is there no catch?

>>17797582
the catch is if it goes up instead of down you get liquidated for all your assets

>>17797085
>>17798026
and if you transfer the stack off the exchange and never log in again?

>>17798044
Not sure if actual retard or bait

>>17798026
>the catch is if it goes up instead
Can't you just pay back the Link you borrowed with your collateral

>>17798044
Holy shit I never thought of that. I'm going to do it before the exchanges close the loophole. Thanks fag

>>17795956
I was coming to say the same thing, I probably would have already lost everything if I knew how to long and short.

>>17797146
t. Retard shorting the bottom

>>17798463
it's only a bottom if we touch it 3 times and go up.

>>17798077
>All your assets
Meaning your actual funds and borrowed funds.

>>17798044

>>17798077
Well yes if you sell 10k borrowed link at 3 usd. If it goes up to 4, you can only buy 7.5k link, so in order to repay the debt, you now pay back those 7.5 link + 2.5 k of your own.

Result being you now have 7.5k link. Longing is the opposite.

Now in degenerate retarded cryptoboiz, they borrow 100 k link against their 10k. If they sell at 3 usd, their whole account will be used to pay back the debt.

So you can now imagine people who were retardely over leveraged long, and then Thursday happened. Absolutely dust.

>>17798026
This actually isn’t a bad idea. Might borrow 100k stinkies and try it.

>>17799641
* at 3.30. All 10 k gone on a 10% rise.

>>17798026
oh my sweet summer child

>>17798044
They will hunt you down, thanks to the KYC infos about you.

>>17795914
i wonder how much was liquidated the night in dumped to 3.6k, does anybody have the figures?

>>17795914
wot is degenerate gambling? i know only generate gamblin. and to fucc all your women while you unaware

>>17799814
I think it was over $1.4 billion.

>>17797085
>Crypto is fucked because people margin way beyond reasonable e.g x 10. So borrowing 100k link against 10k. That, plus whale barts, ruin a lot of people.

So if you borrow 10k at 1x leverage, and get liquidated, how much do you lose? Does it depend on the price at which you were liquidated?

And if you borrowed 100k (10x leverage) how much you lose then, just 10x as much?

Do you pay anything at the time of opening the short, or do you only pay after you're liquidated?

I wish there was like a leverage trading 101 guide for third graders with examples and shit

>>17798044

>>17800410
"Winning" a short is easy enough to understand. Borrow it, sell it high, rebuy it lower and give it back and keep the difference. But what exactly happens when you get liquidated and how does leverage affect that? Is there a limit to how much leverage you can use? I read about people using 100x leverage and getting liquidated and I think they must be financially ruined somehow.