/biz/ - Business & Finance

>>18938788
check again nigga you're good

don't worry OP, bitmex is usually quite good when it comes to not liquidating people for no reason

>>18938822
>>18938801

Pretty sure that my liquidation price was around $9,200 range since I used 50x leverage....

I'm fucking sweating bullets here lads.

>>18938869
well what's the verdict, how much did you make or lose?

>>18938933
I think op did an hero

>>18938788
OP, this is the time to own BTC. Gambling? to a good idea right now.

Not a good idea

>>18938788
>50x

nah, you're 100% ded.

I'M GOOD BROS!

>>18939393
Nice. Glad you're alright fren

noice

>>18939438

Take profit or ride this bitch out to May 10?

>>18939463
This is going to 12k minimum and probably 14k. Hope 12k hits before halvening.

>>18939393

That was a close one fren

>>18939492
>>18939499

Whew. Don't want to get greedy lads, but I feel a momentum we haven't seen since 2016.

I just have a feeling some cunt whale is going to generate a massive red dildo and wipe out the longs...

Jesus man 50x doesn't even make sense to attempt, its legit gambling if you don't have the margin withstand. You will get liquidated more often than not, and I suspsect you won't exit this winning trade well either. I never play with more than 10x and have significant excess margin to DCA down after scam Bart formation candles come out of literally nowhere.

You may as well let it run now, but create fucking trailing stops to retain profit you already have. DO NOT get greedy and remove the trailing stops; if they trigger they trigger. FFS make a system and trade it, always stick to it.

I just trade LINK futures nowadays. I made 1000% from mid Feb to mid March on a short term play. The Black Thursday fucked me a little I was up closer to 1500%. Idk why I didn't get out of the market when I knew Corona was going to shut everything down. Overall I still got lucky.

>>18939646
Lame

>>18939646

It was "fuck it" money anyway. Had 3 ETH, and the idea was to use the social momentum building for the halvening.

Should I stop now? My liquidation price is now around 9020.

Can the Bobos even generate a red dildo that long?

>>18939538
Don’t get too greedy, always take profit on leveraged bets

>>18939393
well how much did you make then?

in all seriousness OP, cash out your position and close your mex account. get a good night's sleep

>>18939705

Yeah, but goddamn, it's nearly the weekend and the thing is still pumping with that major event right after the weekend..

Can the Bobos really pull off anything major?

>>18939692
I know virtually nothing, but I think you gotta let it ride, unless fees will eat you

>>18939692
They can. But I hope they wont......

>>18939715

See:>>18939463

About 0.25 BTC in profit right now.

>>18939680

Haters gonna hate potatoes gonna potate

>>18939757
How does this work with cryptos?

>>18939838

Goddamn anon, how new are you?

Mutiply 0.25 BTC by the spot price = profit of $2,574.

>>18939729
just keep a close eye on it and set alerts. if it starts dropping again more than just the typical crab shit then close your position.

>>18939692

I mean with trailing stops you will at least trigger some of them if it dumps in one 5 minute candle.

BTC will probably run especially if we break 10K, I would leave the position open and let it run but again have measures in place to secure some of the profit. Its how you make money consistently always take some off the table. I'd make them market stops too, not limit orders. You might see some slippage if one is triggered but its likely fine.

>>18939889

Yeh, not a bad idea. It settled at around 9,500 a while back, so I think I'll set a trigger and stop limit around there.

Those fucking Bobos, I swear to Doge, I meet one IRL I'll shiv him.

10K ALERT

10K ALERT

PUSH LAADDSS, PP--PP-PUSSSSHHH

>>18939393
You're gonna make it now.
(but do close it before we do the final dippening to 7k-9k again)

>>18939393
Glad you made it, but you should always know your liquidation price. Also, 50x? What's wrong with you?

>>18940059
>Also, 50x? What's wrong with you?

It was 3.0 ETH man, I'd be eating bug paste under a highway bridge if I just held those 3 ETH to old age.

I'll take the profits and pump them into some shitcoin that will rebound in SATs when Bitcoin gets dumped after the halvening.

>>18939463
Are those options or futures?

>>18941164

It's BITMEX, so they're some kind of CFD contract.

>>18939859
Whoa, that is way beyond what I am asking. I want to know what it is you are doing in general and how it works.

>>18942508

I'm using my BTC as collateral to take a loan using other people's BTC to bet on an increase in the price of Bitcoin.

I stand to make a lot more money than just buying and holding that same amount of Bitcoin, but I also have the very real chance of losing everything if the market goes against me.

>>18942508
>woah, basic multiplication is way beyond what i am asking

Bitmex is good at preventing you from getting liquidated during price movements. It’s one of the main reasons I use this exchange

>>18944398
How exactly? my broker has quite a high margin call to prevent CFD accounts going negative but that's about it.