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/biz/ - Business & Finance

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55276648 No.55276648 [Reply] [Original]

Someone has been holding a 125X long from $3500 covid crash and still has the position open

>> No.55276652

Don't you have to pay a bunch in fees for that?

>> No.55276657

>>55276652
Yes

>> No.55276683

>>55276657
How does it work? Can you explain like I am retarded? What are the fees for, just to keep the position open? How are they calculated?

>> No.55276689

>>55276652
3500 - 26000 at 125X is like a 392059032590% gain and youre worried about fees?

>> No.55276693

>>55276683
research "funding fees"

>> No.55276706

>>55276683
If it's on binance, its about 0.03% everyday on the position. Lets assume 1btc at 125x, would be at for ease 3.125 M dollar position, about 1000 dollar a day to keep the position open

>> No.55276735

>>55276648
Yeah I got locked out of my kucoin account and they refuse to allow me access.

I’m serious.

>> No.55276742

source?

>> No.55276854

>>55276735
They are hoping the fees eat everything before you liquidate them

>> No.55277033

>>55276706
Ah makes sense, so its just a lost tribe tax.

>> No.55277130

>>55276648
Literally you do not mention what that long position on what is.

>> No.55277135

>>55277033
You realize that crypto is just a very amateurish operation in an attempt to get access to financial streams of enemy nations. It's not an asset it's a spying operation by the most incompetent bunch the American letter soup has to offer, the NSA