/biz/ - Business & Finance

[Anonymous No.58384520]

> set a short for btc, $100
> use 100x leverage
> give $10 collateral
> if short is successful, I get $10,000
> if short is unsuccessful, I only lose $110

Explain to me why this wouldn't work.

[Anonymous No.58384522]

>>58384520
>> set a short for btc, $100
>> use 100x leverage
>> give $10 collateral
>> short is unsuccessful, I lose $110

[Anonymous No.58384527]

>>58384520
>...Anonymous (ID: mmoJYPkk)
>04/13/24(Sat)11:33:26 No.58384520
>121 KB JPG
>> set a short for btc, $100
>> use 100x leverage
>> give $10 collateral
>> if short is successful, I get $10,000
>> if short is unsuccessful, I only lose $110
>Explain to me why this wouldn't work.
>...Anonymous (ID: KX6XKOdI)
>04/13/24(Sat)11:34:53 No.58384522
>>>58384520 (OP) #
>>> set a short for btc, $100
>>> use 100x leverage
>>> give $10 collateral
>>> short is unsuccessful, I lose $110

[Anonymous No.58384530]

>>58384520
>Account goes negative $10,000

[El Arcón No.58384531]

I wonder if some of the damage on the tip of my nose didn't get filled in today.

[Anonymous No.58384536]

>>58384530

> Make new account

[Anonymous No.58384635]

>>58384520
>the trouble with crypto markets is they just aren't risky enough!

[Anonymous No.58384656]

>>58384520
because btc has to go to zero?

[Anonymous No.58384676]

>>58384520
I think the short will be liquidated near instantly because there is no capital to cover the 100x loss if the price rises at all even a fraction, I'm also pretty sure you need more than a pathetic $10 on a short because of some premiums and fees etc

I think

[Anonymous No.58384683]

>>58384520
It dies work but you liquidated if the price moves 1% the wrong way and chances are you get greedy and don't take the profit when/if the price goes your way.