/biz/ - Business & Finance

>>15716846
didn't litecoin dump long before the halving?

I have $20 (that's twenty dollars, not 20,000)
What are my options?

>>15717193
go to home dumpster and buy some rope. Or just ask for a plastic bag

>>15716846
why not just use kraken (for us users) if your going to leverage under 5x?

>>15716846
>arthur knows that everyone is doing this
>hours before futures contracts expire, he is going to bart the market down so you get nothing

>>15717193
I'd love for someone to give a serious answer to this one time. Y'know take the $20 and invest into penny stocks doing a little bit of day trading trying to slowly gain more and more investing it all back into it turning it into a larger sum of money that you can invest in but no one ever will

>>15716846
>this is no funding like the perpetual contract making it more profitable for long term holds and low leverage.
This. Perpetual contracts are for brainlets who don't understand regular futures.

>>15717260
Perpetual contracts on kraken and normal bitmex has requires funding to hold your position, waste of money.

>>15716943


Litecoin halving was irrelevant, stock to flow model doesn’t apply to it, it’s a shitcoin.

>>15717357
I don't understand why Kraken introduced perpetual contracts. It already has margin trading. Literally a lame attempt to chip off some of Bitmex' success.

>>15716846
Kind of a fun thing to do with a small amount..

Just sucks for US traders like me because I got spooked and took all my funds off Bitmex..

>>15716846
Real talk senpai how feasible is this to accomplish for a burger with a VPN....will I get away with it or have my account locked and lose all my BTC just because (((they))) want to control how we spend our hard earned money?

>>15717564
i got an error message that said "you have 8 days to close positions and deposit the money out" when my vpn turned off. Didnt throw money yet, but it seems safe even if caught. The you can just make a new acct (which is what I did). This is my plan at least.. Why does the u.s. have to cuck us 24/7? Fuck this country

>>15717337
Brainlet here. So whats the difference between a regular long position with margin and what OP is suggesting?
Less fees?
I cant sell until a certain time period?

>>15717564
easily able to do that with a VPN. Tons of US traders trade on bitmex. Personally I just don't like the threat of closing my positions hanging over my head

Use a vpn and use deribit. Much better than bitmex, instant withdrawals (you must wait 24h to withdraw any profit though), system never gets overloaded during a dump and instaliquidates you. If you know what you are doing then you can get rich as fuck doing a maximum of 4x leverage on deribit (or 10-25x for shorts with a tight stop loss)

>>15716846
Explain perpetual contracts to me, please. Do I pay like a monthly fee to keep them open or what?

>>15718078
uhh why arent you rich then?

>>15718028
Most people trade Perpetual contracts, which have a fee associated with how long the position is open. Sometimes you -earn- fees if you're on the opposite side of the majority (like if there's more shorts than longs for BTC, ETH or whatever). There is no expiration date and you can have a position technically forever.

The futures contracts OP is mentioning have an expiration date. When March comes, your position closes automatically. There are no fees you have to pay over time (aside from the fee to open or close your position at market). The downside to the expiring contracts are that there's alot less liquidity and so it's more difficult to get the entry you want or to daytrade it, and there's sometimes much bigger swings in price.

Be responsible and don't take big risks with margin trading, unless you want to join the mountain of cocksure anons who've been liquidated.

Have you considered that i has pumped pre halving and thats it for now? Maybe this time will be different before halving (no pump or bull market) maybe it dumps to 1k

>>15716846
please stop reddit formatting so that I can read your posts. i cant read reddit formatting it gives me a brain tumor. or post your shit on reddit where that formatting actually works.

>>15718085
you pay a fee like every 8 hours or so, depending on how stacked one side is against the other. When Long positions vastly outnumber short positions, longers pay a bigger fee to the shorters. The fee is negligible, but it adds up over time (like if you were holding a long since April or something).

>>15718148
So. Let's say I have 0.1 BTC and I want to enter a perpetual long with 15x leverage for the next 3 years. How much would that cost me on bitmex?

>>15718168
I don't know, there's calculators out there, and as I said, the fee changes constantly depending on which direction the market is going and how many people are longing vs shorting. If there are more shorts than longs, you'll get PAID to keep your position open.

>>15718520
so, during a bull market, I can keep a perpetual short open and as long as I don't get liquidated I actually get PAID for doing fuck all?

>>15718085
perps require funding fee every 8 hrs.

>>15718550
you'd make too little to justify a position like that

>>15718550
you'd probably be liquidated, but yeah. But keep in mind the fee fee you get paid is pretty small. It adds up but it wont be really significant unless you're trading large amounts

Who /KuMEX/ here? As a US fag it's one of the only options without dealing with a VPN. Only has one contract so no fancy stuff like in the OP.

>>15719521
Just use a VPN faggot

>>15717357
>Perpetual contracts on kraken and normal bitmex has requires funding to hold your position, waste of money.

Wait, how do I get access to the non-normal Bitmex?

>>15718124

This actually makes sense. I have 3 BTC that I do not want to day trade or lose on shitcoins, this is much better than just holding.

What if Bitmex goes under however? They have custody over my BTC, which means they vanish and so does my BTC...

>>15719527
Just too lazy for a VPN. I trade shitcoins on KuCoin anyway so it's just convenience. Lately I'm all about just collecting the short funding premium and those nice dividends as a /KCSshareholder/

>>15719559
you're still at the whims of the market though. no guarantee it'll go your way.
might as well keep it at 4% interest with one of the interest paying crypto services like Blockfi or Celsius... or better if there's a future service that monitors your wallet and pays out interest if you hold in your own wallet that'd be even better.

myself i'm waiting for a better entry for longing rather than at 8k

>>15719603
How much are the fees to go long, like i was tempted to go long in feb at 3k, how much would it cost to hold that position till next year halvening. I bet you could make a killer

what's a legal US futures exchange?
somewhere I can just deposit bitcoin and go

and I'm not using bitmex and getting my money stolen/frozen

>>15716846
Shilling for the internet back alley craps game on /biz.

Now that's funny.

>>15717193
Buy some lottery tickets. You have better odds there.

>>15719998
The fees are small, but like stated they change.

If you had longed from 3k in Feb, the amount you gained would vastly outweigh any of the fees to the point they wouldn't really be noticeable.

Now, if your leverage is really high... keep in mind you pay fees based off the size of the contract, NOT the principle. that's when fees become significant. So if your holding a 100x long since Feb, It's going to be significant but still you'd be up so much it wouldn't really matter.

I notice some anons seem really intrigued by all this, but I hope you all know that futures trading is playing with fire, and you really should be careful... These markets exist solely to take money from people like us. Please be safe and don't over-leverage yourself.

>>15720303
>These markets exist solely to take money from people like us. Please be safe and don't over-leverage yourself.

Yep.

Be very VERY conservative if using any leverage. There's real fucking sharks out there preying on novices.

I played around a bit and gave the assholes on the other side of the bet $3,000 of my hard earned dollars.

I'm betting King Nigger also hedges with an opposite bet for every position his retail accounts make.

Bitmex is a total scam, with the entire exchange deck stacked against you. From the predictive behavior algos, to the scam wicking, to the fake system outages during high volume periods, to the total absence of real (human, non-MM) liquidity on anything but the perp market, to the internal trading desk that knows your every move and will gladly jew you at every opportunity....it's a fucking skinner box.

Take it from the guy that turned $1k to 40k without Bitmex only to lose it all thinking he could outjew the the gay nigger jew the last 3 months.

Id fucking killer that faggot if I could, and will gleefully laugh if some anon does it. Fuck bitmex.

>>15720393
Why would you bet on a site that openly admits it's betting against you? Not to mention the "vip" side, that access to the data before you do, so the whales who know the owners can get in and out of pumps and dumps before you can.
When I called it an internet back alley craps game, I was being literal.

>>15720303
Thx for the info on this, will follow up on what you posted, maybe throw like 1k at it!

>>15716846
>XBTH20 futures contract.
does binance have an equivalent of this?

>>15720510
cope faggot hahahah

>>15716846
Literally all normies (like you) think below 5k its impossible, what do you think it is going to happen?

>>15716846
why not waiting up to btc reaching 7-6k? So that liquidation will be even lowerand can use a bit more leverage?

>>15721164
why do black people always have to ruin everything?

>>15720510
deribit > bitmex, unless you are a millionaire already and volume matters