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/biz/ - Business & Finance

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7547964 No.7547964 [Reply] [Original]

Did anyone here went long on btc @ 1k? How does that shit work? Do you have to close it after some time or can you keep it open forever?

>> No.7548494
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7548494

BUMP

>> No.7548508

yes

>> No.7548643
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7548643

>>7548508
So whoever longed btc @ 1k and didnt close gets infinite money?

>> No.7548658

>>7548643
Well no if they still have it open they'll be liquidated next week.

>> No.7548699

>>7548643
During the bullrun, longs had to pay around 1.1% of their position value EVERY SINGLE DAY in funding. Considering that, im doubtful people kept their contract for weeks on end.

>> No.7548709

No, margin contracts have expiration dates, usually anywhere from 24h to a week. You really think exchanges let you make gains on borrowed money forever?

>> No.7548742
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7548742

>>7548709
Yes because exchanges just want to make people happy so they should