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27973681 No.27973681 [Reply] [Original]

a ten percent move off of 100x leverage equals 10x so starting from a dollar you only need 6 correct 10% moves to become a millionaire. Why don't more people do this?

>> No.27973795

>>27973681
>dips 1%
https://youtu.be/DjGXbPRoQa8

>> No.27974069
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27974069

>>27973795
Ok so what if you do the trades in parallel instead of rolling one into the next. Then you won’t lose everything.

>> No.27974137

>>27973681
ten percent moves don't happen as fast and often as they used to anon

>> No.27974178

>>27973795
you only lose a dollar at first. You only have to win one to get 10 more dollars which gives you 10 more tries. Repeat for higher numbers at intervals of 10, or 100 if you want more tries.

>> No.27974236

>>27974137
how fast and often do they happen now?

>> No.27974239

>>27973681
have you looked at any chart ever? leverage is for degenerates who worship kikes.

>> No.27974242

>>27973681
Because nobody fucking knows what those 6 correct moves are. Its really easy in hindsight to look back but in reality you just can't tell

>> No.27974411

>>27974178
starting from 1k i only need 10 2x's to become a millionaire and i don't get margin called.

>> No.27974477

>>27974242
read
>>27974178
you don't need to know you just need to guess correctly at a high enough rate that you're entire portfolio doesn't go to zero. If you're only right 10% of the time the strategy above works, if you're only right 1% just do the same thing but only bet 1/100th.

>> No.27974566

>>27974411
no thats $4000 did you mean two 10x's? even so for bitcoin at least that would be 3 million dollars for one I'm not sure how soon that'll happen if ever

>> No.27974678

>>27974477
Double dubs has me intrigued now.
You can't do this on the stock market without 25k, so buying the daily fluctuations on BTC might make it possible.

>> No.27975293

>>27973681
try it out and let us know how it goes

>> No.27975828

>>27975293
I will I'm thinking of trying it once the bybit bonus is deposited

>> No.27977099

>>27973681
And if it dumps 10%...

>> No.27977534

>>27977099
if it drops 1% you just get liquidated or set your stop loss so you don't experience a drop like that

>> No.27977623
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27977623

>open up a 100x long and a short position with $100
>can never lose more than $100

>> No.27977719

>>27973681
would you risk more than $1000 on a 100x long/short? didnt think so..

>> No.27977927

>>27973681
capital tax is a bitch

>> No.27977984

>>27977719
depends what portion of my portfolio it was. If I earned enough thousands that I could take a loss (for example 20 or 30) then yes I would. Thats why I said you should work your way up from a dollar here >>27974178
now realistically if I made 100k while bitcoin was still around 30k I would probably just buy and hold bitcoin since you really only need three to be a millionaire by the end of the year.

>> No.27978000

>>27977927
not if you are european and use binance

>> No.27978035

>>27977927
true but so is income tax. If I become wealthy enough I can move out.

>> No.27978070

>>27977719
just keep doing it with $10 then

>> No.27978175

>>27977984
you'd get liquidated every single time, this is crypto.. 1% swings happen all the time, and if you use stop loss they'd also get triggered all the time making you bleed money senseless

>> No.27978556

>>27977623
>dips 1% and then pumps 1%
heh nothing personnel

>> No.27978678

>>27974566
no, he meant 10 2xs, that's 1024000 USD or 1 million from 1000$ starting
Learn math
NGMI

>> No.27978875

>>27977623
>open up a 100x long and a short position with $100
>can never lose more than $100

Brainlet here. Could this work. Assuming the price is gonna move bigtime. Up or down.

>> No.27978912

>>27978875
>Assuming the price is gonna move bigtime. Up or down.
there's your problem

>> No.27979008

>>27978678
whoops for some reason I thought it was 2 2xs (I was probably thinking two 100% increases or something). But the other point still stands for that to happen you would need a 1000% increase. So unless you're hopping from coin to coin everytime one 2xs and you have no losses its not very likely.

>> No.27979186

>>27979008
I actually tried this for fun in Jan 2018 after everything pumped and my friends and I were convinced we would be millionaires from crypto by the end of the year. I'm sure you can guess what happened

>> No.27979187

>>27973681
100x leverage is degenerate gambling and should be illegal

>> No.27979240

>>27973681
cuz dumb

>> No.27979521

>>27974477
This is how smart money thinks. You might like Nassim Taleb's ideas or that Australian pajeet banker who basically said it like it is, options are the way to get rich.

>> No.27979669
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27979669

>>27974566
Kek. You simple bitch.

>> No.27979984

>>27979521
Satyajit Das is the pajeet. His earlier book on derivatives trading is worth the read.