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/biz/ - Business & Finance

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14736968 No.14736968 [Reply] [Original]

So, how do I actually short? What are the rules for shorting? When I use leverage, do I have to pay the exchange back money? Do they call the crypto cops on me, or something?

>> No.14736983

>>14736968
>Do they call the crypto cops on me, or something?

no, Bitmex sends their big scary ooga booga black man after you and he race-shames you on Twitter until you give them their shekels back

>> No.14737001

shorting is basically a reverse-buy. you tell the exchange you're planning on buying, but you want a cheaper price, and they arrange a "pre-buy" for you. there is some risk involved because if the price doesn't reach your pre-buy soon enough your "prediction" score will decrease, and fees on future trades will go up. that's why you use leverage - higher leverage reduces the pre-buy delta (compared to current market price). 100x is the safest because the reduction is highest.

>> No.14737025

>>14737001
So what is liquidation? How do they get back money?

>> No.14737305

>>14736983
i would prefer a buttblasting

>> No.14737372

>>14737001
Brainlet here. If use 100x leverage that means Im playing with money I dont have. What happens if I get liquidated? How do they earn the money I own? Do they call the crypto cops?

>> No.14737487
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14737487

>>14736968
They send the cyber police after you.

>> No.14737659

>>14737372
This
Please, big brains