/biz/ - Business & Finance

[Anonymous No.7459367]

Why are you not making some ez gains?
In situations like this your can make more money when BTC crashing than you can chasing moon missions if you know what you're doing, just by trading BTC, no need to touch altcoins.
Let me explain what this means. So lets say you were to have shorted (placed a sell order) for BTC at $10000. Let's also say you only have .01 BTC to trade with, or $100 worth. With .01 BTC at x100 leverage (of course DON'T USE SUCH HIGH LEVERAGE but I'll use it just to explain) you can sell 1 BTC. Then for every dollar BTC goes down, your position is worth $1 more. Say BTC goes to $8000, if you close your position you then get that $2000 in profit paid to you in BTC, that's a 2000% profit
I would suggest you learn TA before you start trading. You can train using their testnet (free).
You want a moon mission? BitMEX is your moon mission.
Euros and others can sign up but US users are banned (just sign up with a proxy and then you can login from a US IP with no questions asked). If you're going to sign up use my reference code, using a reference code gives you a %10 discount in fees. May not sound like much but it's saved me hundred of dollars in the past weeks: https://www.bitmex.com/register/toYHiE

- Interface is amazing with professional grade advanced order types
- Liquidity it offers is completely unmatched, it's the biggest exchange volume wise: https://coinmarketcap.com/exchanges/volume/24-hour/no-fees/
- BTC deposits take less than 10 minutes: just 1 confirmation from the network needed
- Never down, doesn't matter the load, no shady flash crashes caused by website being down like Poloniex does
- No KYC so unlike with brokers you can't own them anything

[Anonymous No.7459390]

Here's my advice for anyone who wants to trade on bitmex

1. Read the docs and make sure you understand exactly how the contracts work (both futures and swap), profit/loss calculation and how liquidation works. make sure you understand the difference between mark price and index price

3. Make some trades on the testnet to confirm your understanding of the contracts and the site in general

4. I prefer trading on Cross. it's very important to not trade too many contracts. I strongly recommend not to trade so many contracts that your are more than 2x leveraged. ideally less than 1x, at least in the beginning

5. 1x shorts are way to cash out without using tether/fiat.

6. Don't forget to set a stop loss

Trading with leverage is a lot harder than most people think. By far most traders on there lose money because they use too much leverage, those that trade with x100 leverage lose all their money, so don't use that.

[Anonymous No.7459465]

Is your hedge manager getting ready to fire you after your leveraged short gets liqudated today or you proactively invested in knee pads to carefully swallow his semen after work ?

[Anonymous No.7459514]

>>7459465
I'm my own manager, be salty somewhere else.

[Anonymous No.7459568]

this thread is purely to shill his bitmex referral code and honestly I feel it is unethical because margin trading is INCREDIBLY DIFFICULT and you should not get into it just because of some thread on a thai glassblowing forum.

[Anonymous No.7459575]

>>7459514
Hahahahahahahaha
>im my own manager
>sucks dig and begs anon to sell on imageboard
filthy leech go tell your mom you selling her house soon

[Anonymous No.7459608]

>>7459568
This garbage is exactly why we have crash in Jan
There is a reason HODL exist
We going to 50k while these faggots play their old stock game

[Anonymous No.7459617]

>>7459575
Said the holder, sucking the bull's cock. HOLD, hold it deep in your ass.

[Anonymous No.7459700]

>>7459608
>This garbage is exactly why we have crash in Jan
No, just no.
Shorting is a consequence of the crash not the cause. And even if it was it would be because of CBOE or CME, not XBT settled futures

[Anonymous No.7459771]

>>7459568
>margin trading is INCREDIBLY DIFFICULT
Meh. Practicing on the testnet is free and there's no hurry to go with real money. Eventually you find something you feel comfortable testing with your bison bucks and play with more or less leverage.

Also OP is a faggot shilling his referral, he doesn't know what he's doing.

[Anonymous No.7459896]

>>7459617
Fuk your mom you fucking speculative cancer

[Anonymous No.7459974]

>>7459771
Show us you leveraged positions pajeet, I bet you have none be you're the one that doesn't know.
>>7459896
No need to be mad.
I'm bullish on BTC and I believe it will go beyond 20k, that's why I'm accumulating on the way down while you HOLD

[Anonymous No.7460178]

>>7459700
>>7459771
>>7459896
Can you faggots just stop

[Anonymous No.7461127]

>>7459608