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File: 28 KB, 400x200, 1507734407Bitmex logo.png [View same] [iqdb] [saucenao] [google]
9285187 No.9285187 [Reply] [Original]

Daily reminder that if you're a poorfag, you can only make it by using high leverage on bitmex.

>> No.9285203

>>9285187
Guaranteed way to stay poor

>> No.9285222

>>9285187
can you please explain? I have 2k and want to get into crypto, what is leverage and how do i do it?

>> No.9285242
File: 1.11 MB, 1199x755, 1513026128275.png [View same] [iqdb] [saucenao] [google]
9285242

nice, just lost 100k

>> No.9285278

>>9285222
With 100x leverage, that 2k suddenly becomes 200k.

>> No.9285282

Being whale lunch to hunt stop loses and limited sell orders. No thanks

>> No.9285295

>>9285222
There are tutorials on YT. Bè careful anon because you can easily make a lot of money and than get greedy and lose it all (mostly what happened to me)

>> No.9285313

>>9285222
Basically leverage is used as profit multiplier. eg a 10X long, means you get 10X profit if the price goes up etc. Liquidation price is more riskier the higher the leverage. Theres plenty of articles on this on the internet.

Not sure about using Bitmex however. It does offer 100X leverage (only exchange I know of who goes this high), but apparently their platform is somewhat shady,ie. manipulating prices to liquidate positions, not following through with stop losses etc.

Has never happened to me, but just be aware i guess.

>> No.9285362

>>9285278
Nigga, the price would have to go up by 100% (ie double) in order for this to happen.

>> No.9285445

>>9285295
>>9285313
thanks

waiting for anyone else's opinion who wishes to contribute

>> No.9285476

Best VPN to use if I'm in the states?

>> No.9285540

>>9285445
You've got to have a special control over your will. You might think that you'll be able to stave off the greed (using more margin for more profit or to double down after a loss) but once you're in the heat of the moment, your will will crumble. It's a product designed around fast money, as quick as it comes, it goes. Good luck.

>> No.9285554

>>9285187
you just want noobs to lose all their money, don't you?

>> No.9285563
File: 133 KB, 1280x851, 1525178474955.jpg [View same] [iqdb] [saucenao] [google]
9285563

>>9285187
>bitmex threads
Fuck its going to crash again huh?

>> No.9285596

>>9285187
I can't believe retards here trade their whole accounts all in on 25x or higher leverage. They post these threads and create this meme that it's possible, but they'll never be posting threads about losing it all because the'yre hanging from a noose.

>> No.9286135

>>9285445
1. Never go above 10x Lev
2. Never be greedy (20-50% gains per trade is fine)

>> No.9286283

>>9285362

> it’s called leverage

lol brainlet.