[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 453 KB, 621x679, za36l9gd52y01.png [View same] [iqdb] [saucenao] [google]
9533621 No.9533621 [Reply] [Original]

Let's say a whale does a miraculous 100x and profit 500000 BTC, who is gonna pay for that? Bitmex out of their own pockets?

>> No.9533649

>>9533621
The market. This is a retarded question that illustrates you have no idea what game you are playing.

>> No.9533653

>>9533621
> he doesn't understand a peer to peer market
If his ROI says 5000x this doesn't mean that he really made 5000x because this ROI is just calculated from the market price.
If this means that someone sells his position für lets say 10000000 $ then he instantly crashes the market and his 5000x is just fake

>> No.9533665

>>9533649
>the market
fuck off brainlet that’s not how it works

>> No.9533685
File: 7 KB, 213x237, 1525174343614.png [View same] [iqdb] [saucenao] [google]
9533685

>>9533649

>> No.9533697

Leverage is not a magical multiplication.
You can borrow more if you take more risk. If you borrow more, you make more on the margin but you get liquidated faster if it goes the other way.

>> No.9533718
File: 46 KB, 750x573, 1524216606774.jpg [View same] [iqdb] [saucenao] [google]
9533718

>>9533649
lady's and gentlemen, this is the current state of (((/biz/))) 2018

good job

>> No.9533980

>>9533665
>>9533685
>>9533718
Kek y’all are retards. When you close a position you’re simply entering the opposing trade at the market price.

>> No.9534032
File: 82 KB, 256x1722, toppestjej.jpg [View same] [iqdb] [saucenao] [google]
9534032

>>9533649
>>9533653
>>9533685
>>9533697
>>9533718
>>9533980
/BIZ/ IN A NUTSHELL

>> No.9534051
File: 247 KB, 638x359, pepe2.png [View same] [iqdb] [saucenao] [google]
9534051

If someone buys 500000BTC and then it goes from 1000$ to 10000$, who is going to pay for this??

>> No.9534059

>>9534051
/biz/, usually

>> No.9534083

>>9534051
generally the exchanges have a lot of coins 'locked' at various prices. the trezor and ledger nano have a price lock feature, so in your scenario the exchange would unlock some coins in their trezor that were locked at $10k to pay the guy. these large exchanges have a lot of bitcoins locked at various prices

>> No.9534107

>>9534083
this guy gets it

>> No.9534213

I just took a dump

>> No.9534233

>>9534213
proof or gtfo

>> No.9534237

Yes bitmex has a vault of liquidated coins they will pay out

>> No.9534263

>>9534059
this anon gets it.

>> No.9534283

>>9534083
DELET

>> No.9534328

>>9533621
Well for once if you'd profit 500k BTC you'd be the most profitable trader on BitMex exponentially. But to answer the question, every position you take, someone else takes the opposite side. So the losing side pays the winning side, its a zero-sum game. Now ofcourse there's a lot of indirect opening/closing so it's handled by the BitMex engine.