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/biz/ - Business & Finance

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10646246 No.10646246 [Reply] [Original]

Bitmex's margin trading accounts for nearly a third of all BTC trading and is the number one source of trading volume in the market.

Getting ready for a red tide of shorts, boys--the next month is going to see carnage like Omaha Beach

>> No.10646253

>>10646246
We're gonna pull an Elon on those dumb shorters, don't you worry

>> No.10646293

>>10646246
how does shorting BTC causes it to fall?

>> No.10646321

>>10646246
So normies are bears now? Unironically, this is super bullish sign.

>> No.10646391

you know that on bitmex you're trading a derivative contract that follows btc spot price and not vice versa right? of course you know anon...

>> No.10646429

>>10646391
You know that you're wrong and all transactions on Bitmex are bitcoin settled when it comes to those derivatives, right? Meaning you buy in with bitcoins, they pay out with bitcoins and if you''re liquidated its your bitcoins that're liquidated. And the funny thing about making money shorting is you sell your coins now -> buy shorts so its a self fulfilling prophecy if step 1 is 'dump ur bag now'

>> No.10646433

>>10646391
Market sell 5m USD on mex and watch what spot prices do.

>> No.10646451

>>10646391
Like have you ever used bitmex? You have to deposit in Bitcoin. To get INTO the bitmex margin market, you have to buy bitcoin then send it to Mex. To get OUT of the bitcoin margin market on mex, you have to transfer bitcoin out then sell it. People cashing out their winnings will tank the price deeper.

>> No.10646495

>>10646246
Honestly though, when BTC hits its new bottom it will absolutely BOOM in buying volume which will liq most of these people out.
All the casual people that started shorting BTC will panic when whales starts buying again. It will be the reversed 2017 a.k.a people will HODL their shorts in hope of it coming down again but will end up getting fucked.

>> No.10646504

>>10646293
/biz/ in 2018

>> No.10646509

>>10646495
This

>> No.10646514

>>10646321
/thread

>> No.10646563

>>10646246
bitmex is already under sec investigation so this is all but temporary. FED is going to take control of bitcoin and knock out all third parties

>> No.10646615

>>10646563
SEC can't really do anything about it though, BitMex is not in their jurisdiction. BitMex also doesn't allow US clients.
>Muh SEC rules the world
FUck off

>> No.10646635
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10646635

>>10646563
yeah because the whole world, including cryptocurrency is ruled by US right?

You burgers are pathetic, nobody cares about your economy anymore, hell Bitmex doesn't even allow 'muricans

>> No.10646643

100x degenerate gamble here can confirm

>> No.10646778
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10646778

>>10646429
how the leverage works then? I doubt bitmex has enought bitcoins for all the leverage traders. It creates them out of thin air or what.

>> No.10647267

>>10646293
jesus fuck imagine being this much of an air sapping brainlet and investing in crypto

we really do have a long way to go until the bottom

>> No.10647304
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10647304

>>10646635
>no one cares about your economy
>usd is literally the world's currency standard for trade

what did he mean by this?

>> No.10647503

>>10646293
Everybody is selling to buy back cheaper. This pushes down the price, because people are just waiting to buy back at a good price. Bitmex though allows for a very high margin, so you get liquidated easily if the price moves in a wrong way. (For you.)