/biz/ - Business & Finance

>>22658043
>leverage

Cz will find your stop loss and fuck you

>>22658077
And then reverse so violently fast your original take profit will be hit within hours.

>>22658077
Also can margin on Bitmex now

>>22658077
little hint, the Binance fud was a reverse psyop
>less link on binance to compete with the Short OGs
>less risk to get liquidated
do with this info as you like
and no, Binance is fine

>>22658234
T Cz

>>22658288
you couldn't be any wronger

>>22658344
ok cz

>>22658371
keep an eye on binance, you might see something that could be used for a
>SIRGAY JUST SENT A MILLION LINK TO BINANCE TO DUMP ON INVESTORS
thread

>>22658043
I margined on Binance and lost my 35k stack. I wouldn't do it.

>>22658449
he regularly dumps link on your exchange but what do you do with them?

>>22658492
No reason to margin with 35k but Im not in situation to give advise

> sold 44,000 stack

>>22658043
Do you know how leverage works? Let's say you took 20k and risked 50% (10k) using 5x and bought 50k worth of link or about 5k link at $10. If link drops 1% or just 10 cents, your now have an unrealized loss of $500 which affects your equity which is now 19.5k. This isn't a big deal but crypto moves fast and hard. If link drops 10% or 1 dollar its now a 5000 unrealized loss and your equity is 15k. Your margin level has now dropped from 250% when you first entered to 150%. If link drops 30% from your entry you have an unrealized loss of 15k and your margin level is now 50%.
((20k - 15k)/10k) = .5 ×100 = 50%
Now your gonna get margin called to deposit more funds if you aren't about to be liquidated. This doesn't even take into account the fees associated with making the trades and borrowing rates

Fuck idk yolo or just buy and hold

>>22658817
that sounds incredibly Jewish

>>22658344
>wronger
hi chinkoid

>>22658740
I wanted to quit my job. Now I'll work rest of my life.