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14290688 No.14290688 [Reply] [Original]

I don't understand 100x leverage.
Can I turn $20 into $2000?
When do I win?

>> No.14290720

you win whenever you close your position
you lose everything if it moves 1% in the wrong direction

>> No.14290782

>>14290720
Ooh that's cool.
So if I place $20 on 100x, it makes me bet $2000. If it goes up 1% and I close I win $20, if it goes down 1% I lose my $20?

>> No.14290997

help me I'm brainlet

>> No.14291039

>>14290688
You sound exactly like the 1% of people who are successful at trading.

>> No.14291048

>>14290997
>help me I'm brainlet
We know, 100x!

>> No.14291108

>>14290782

If it goes up 1% you make 100% - fees which are also increased 100x. So usually you have to be at least 15-30% up to break even. If the price goes down 1%, actually a little less, you are forced to market sell and will lose almost all of your money. Also, remember you are buying and selling contracts, which may differ from the actual spot price, so if everyone is going 100x on a break out the price will shoot up and likely correct back down to liquidate you. 100x requires either watching the chart like a hawk to scalp the perfect entry.

>> No.14291228
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14291228

>>14290688
Heres your answer looking at your chart:

Assume no fees and you are using scaled ratios...that is, if you buy 1 Btc at 11670, your 20 Dollars will buy 0.0017 of one Btc or about 1700 sats. If you bought that much, your leverage max could service 100x that or 170000 sats. Your buy in is so small though, a 1% change down will liquidate you and you will lose 50% of your moneys.
I dont recommend leveraging unless you have 1 BTC worth of capital and MAX use 25x leverage of no more than 5% of your capital. The bots survive on unsuspecting people like you to feed them organic cash while they wash trade their own stuff and get rich on the scam.

>> No.14291580
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14291580

>>14291228
>>14291108
Am I doing it right?
Why are some orders bought at higher price than the market price?

>> No.14291615

>>14291580
Wow I just won 0.0014 xbt.

>> No.14291643

>>14291615
YOU WIN!
PERFECT!
PLEASE CHOOSE FROM: CUDDLY TOY, 3xKINDEREGGS, POKEMON CARDS

>> No.14291649

>>14291615
Wow you're totally going to succeed! You seem really smart!

>> No.14291664
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14291664

OP stop with 100x shit seriously

pic is me with like 3x

>> No.14291690

>>14291664
Pussy

>> No.14291697

>>14291690
yeah i'm a pussy but i got more btc that u m8

>> No.14291699
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14291699

Ooh fucking shit, what do I do now?

>> No.14291743

>>14291699
Game over.

>> No.14291752
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14291752

>>14291699

>> No.14291770
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14291770

>>14291699
thanks for the free btc faggot

>> No.14291820
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14291820

Fucking degenerate gamblers.

>> No.14291896

>>14291580
RIP

>> No.14292020

Seems to get lower, gonna try market sell now.

>> No.14292186
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14292186

I-I think I understand how this work now.

>> No.14292203

buy high sell low lmaoooo

>> No.14292215

>>14292203
Yes that's what market sell is, I have more money than the bank though, I'm gonna fuck them hard.

>> No.14292224
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14292224

>>14292186
how much did you lost?

>> No.14292235

What the fuck are you doing

How much money do you have to waste it like that

>> No.14292236

>>14292186
You where of my a few mins but u will learn my son

>> No.14292258
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14292258

>>14291699
get back up
try agin
see >>14291664

>> No.14292266

>>14292224
55,300 contracts divided by 100 is 553

>> No.14292277
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14292277

>>14292186
>>14291699
>>14291580
Fuck you faggot testnet is for gays.

>> No.14292475

>>14291580
>>14291699
testnet retard.. live bitmex has way more volume who are you fooling pleb..

>> No.14292496

>>14290688
experiment on testnet bitmex. send yourself some testnet bitcoin and play with it

>> No.14292670

This is more easy than I thought, what are the fees for cash out?
I'm doing 80x leverage it's way more safe though.

>> No.14293740

>>14292670
Future pink wojak right here.