/biz/ - Business & Finance

This has unironically ruined crypto. All of a sudden everyone is a fucking bear and starts shorting bitcoin.

Fuck you bobo faggots.

Created a bitmex account yesterday, enabled 2FA. I made 0.11 Bitcoin off of leveraged trading. Went to withdraw it and it says withdrawals are disabled.

Before I contact customer support did it take anyone else a few days before they allowed withdrawals? I'm seeing some stuff on Google saying to wait it out.

Thanks in advance.

I’ve had a ridiculous experience with Bitmex, both fun and depressing, but I think I’m finally getting a grip on it, so I wanted to share some things I’ve learned. For clarity, when I first started using Bitmex, I lost about 3 BTC over the course of a month because I had no idea what I was doing and I’m an idiot. Since then however, I’ve taken .06 BTC and I’m currently at 2.7 BTC from Bitmex alone in a few weeks. It has the potential to make you rich, but also super broke. Do not take it lightly.

If you've never used Bitmex before, you can read my original newbie guide on how to start using Bitmex here: https://www.reddit.com/r/CryptoCurrency/comments/84stai/bitmex_for_dummies_leveraged_trading_longshorts/

Also a reminder, you get 10% off fees if you sign up with a referral code. If you already signed up and didn’t use one, email support and ask them to apply one, it's pretty quick and definitely worth the 2 minute hassle. Would appreciate if you use mine, but just make sure you use something to get the 10% off: "http://bitmex.com/register/BCCNeF"

I’ve had a ridiculous experience with Bitmex, both fun and depressing, but I think I’m finally getting a grip on it, so I wanted to share some things I’ve learned. For clarity, when I first started using Bitmex, I lost about 3 BTC over the course of a month because I had no idea what I was doing and I’m an idiot. Since then however, I’ve taken .06 BTC and I’m currently at 2.7 BTC from Bitmex alone in a few weeks. It has the potential to make you rich, but also super broke. Do not take it lightly.

If you've never used Bitmex before, you can read my original newbie guide on how to start using Bitmex here: https://www.reddit.com/r/CryptoCurrency/comments/84stai/bitmex_for_dummies_leveraged_trading_longshorts/

Also a reminder, you get 10% off fees if you sign up with a referral code. If you already signed up and didn’t use one, email support and ask them to apply one, it's pretty quick and definitely worth the 2 minute hassle. Would appreciate if you use mine, but just make sure you use something to get the 10% off: "http://bitmex.com/register/BCCNeF"

1. Maker vs Taker: I wasted SO much money on fees originally before I knew about this. Market buying/selling means you pay a fee and based on the last point that is very expensive. If you set limit orders and choose the "post-only" option, you will only place an order if it doesn't execute immediately. If the price hits your mark, you'll actually receive fees rather than paying them. While that seems super small, as mentioned when working with high leverages it adds up a LOT. Fees are based on leverage, so if you’re cross or 100x, you’d literally pay 7.5% just to open an order. At 100k contracts, this is nearly .01 BTC.

>opened a short at 9.9k
>closed it at 9.8k

>opened a long and 8.9k
>closed it at 9k

How do i stop being a retard /biz/?

Note, you do get 10% off fees if you sign up through a referral link. If you sign up, feel free to use mine http://bitmex.com/register/BCCNeF, but even if you don't, at least use someone's because it's 10% off fees, which adds up.

I kept seeing the Bitmex wrecked twitter thing and seeing mentions of leverage all over 4chan, but had absolutely no idea what it all meant. It also looked too complicated for me so I've always ignored it. Got bored today and it's actually much simpler than it seems. There's a ton of guides that go super in-depth and those made absolutely no sense to me, so I'm going to explain it from an idiot's perspective.

First of all, the draw of Bitmex is you can do what's called Leveraged trading. In the simplest terms possible, it means you multiply your percentage gains/losses. If you go 10x leverage long on bitcoin and bitcoin gains 1%, you gain 10% more money. This is super cool for impatient people like me because it allows you to trade more actively without getting wrecked by fees, and it's ridiculously exciting.

Bitmex doesn't allow US users, but supposedly, all you need to do is register under a VPN and you're good to go. I used ExpressVPN. It is a paid VPN, but they have a 30 day money back guarantee. You can register on Bitmex with it, then cancel. Or keep it because it's actually a super nice program.

Once you're registered, deposit some BTC into your Bitmex wallet. When you first open the trade screen it's going to look super complicated. It's not.

Buying Long on a coin means you expect it to go up. Buying short on a coin means you expect it to go down. Playing those buys works like any other Exchange (i.e. Binance). You can set a limit price to buy in at and an amount. to buy.

any bitmex pros here?

have a question on mechanics

if i look at the xrp market, it says the mark price is based on the XRP/BTC market on poloniex, and i believe the index price is an average of several exchanges.

the mark price is 0.00009085

the price on poloniex is 0.00008997

index is 8995

can anyone explain why the mark price is significantly higher than the polo market(and higher than all other markets?)

can someone please tell me why the neo mark price is so much different than every exchange price?

currently at about $117 when every exchange is 120+

How the fuck do you people have jobs when this is available? Explain yourselves.

Does any one else trade bitmex? Me and a couple buddy's have been cleaning house and rolling in the dough these last few days.

xA4Fp5

If you guys wanna join our discord you can. We're not gonna teach you how to use bitmex but it's always nice to have other people around.

We also have different devs, traders, whales, and a couple different insiders that all participate in voice chat.

THIS IS NOT A SIGNALS OR PUMP GROUP

We're just trying to help each other make money. We often have voice chats and run different altcoin plays and trades past each other aswell.