/biz/ - Business & Finance

>>6556345
I swear bitmex is the best, amen brother
What leverage do you use?

>>6556345

For those that want to see the light of true profits https://www.bitmex.com/register/toYHiE

>>6556433
Max leverage unless you are a pleb

>>6556433
I have enough capital in my bitmex account to make a significant profit on just 2x. When I had a smaller balance I used up to 20x

>>6556503
fuck off leech. don't give this pleb referrals

>>6556505
big if true
Show me your analysis/setup/trade senpai
>>6556549
>20x
Is this the highest you ever use?

Do they have a minimum deposit amount?

>>6556674
Deposit and Withdrawal with no fees, and very fast it's the fastest I've seen.

>>6556646
I always use cross and I don't let my positions get liquidated, I just close them when it goes too much against me. But I did use up to 20x on my entire account when I was just starting out.

>>6557025
How much did you start with?
Gambled to much with isolated 100x and lost a least 1 BTC total shorting the wild beast that is BTC, didn't matter what type of analysis I was using I didn't have enough head room to have it moving against me.

>>6557337
1000 euro 5 months ago. now got well over a million

>>6557438
respect, what analysis do you apply? waves?

>shorting in a huge correction is skill
Ok faggot

>>6557480
I only use basic chart patterns, price action and volume to trade. You don't need the fancy stuff.

>>6557543
Go try it, I'll hold your beer
https://twitter.com/bitmexrekt
It takes balls to short BTC

I think shorting BTC is a waste of money.
100x of 10% is the same as 10x of 100%.

Ethereum is useless for margin trading. It depends on BTC rather than USDT.

Bitcoin Cash so far seemed like the best coin to go 25x because it constantly went 100-200% in opposition to BTC.

>>6557716
Can you explain what's being posted on that twitter?

>>6557716
No it takes insane instincts to margin 1000-10000x when this pile of shit bounces between 5-10%.

How the fuck is anyone suppose to predict the exact moment the price stops dancing between 97-103% and then goes far far away from your position?
Plus you lose almost all your cash even if you don't get liquidated.
Plus the upkeep of keeping your position open every 24h which encourages you to close earlier so you don't lose 20% of your total gains.

>>6556345
Do you only short or go long also?
And do you only short BTC or do you short altcoins too?

Nice photo shop baggie

>>6557857
People getting their margin position liquidated, this isn't just loosing a percentage of your money, it's loosing all of the money you've put on a position.

>>6557615
So you're gambling.

total newb here
went in bitmex, 100x leverage with 0.49btc
got liquidation notice
continued trading for a few minutes
until I realized what had happened

>>6559519
I don't understand

>>6557857
A bot that tells you when people lost all their money.

>>6559519
You shouldn't trade on bitmex unless you're an experienced trader otherwise you'll get justed

>>6559519
lmao no you didn't

>>6559702
neither did I

see, I thought I would make a killing, to short btc with leverage of x100.
since my gut feeling was, its gonna crash
from around 8k to 5k
due to bitcoin cash, BCH

but instead, since I never used bitmex
I entered all the numbers wrong
the price moved slightly up, took all my money, 0.49BTC
and said "liquidation notice"

I thought its something the trollbox people are sayin
and continued "trading"
until I realized... oh, my money is gone.
and then btc did go to 5k.

bitmex is made for gamblers, people who throw dice in casino

its made to steal your money, that faggot CEO Arthur just stole everyones BCH and sold it himself.

>>6559519
Use isolated x2 leverage max if you're a beginner, and look up a minimum how to margin trade before getting into this.

>>6557615
>I only use basic chart patterns, price action and volume to trade. You don't need the fancy stuff.
if you're not LARPing, you're just asking to get JUSTed. and I can't wait

>>6560027
Look retard x100 means that 1% in the wrong direction and you are gone, x20 means 5% etc . It's not as if the faggot CEO put your order.

>>6560118
Experience in a market is more important than some fancy indicator. I've been doing this 18 hours a day for 130 days now and still getting better. I don't keep my profit on bitmex, I cash it out. No JUSTing here.

>>6560118
>>6560118
>>6556345
Ok OP post a screenshot sample of your latest trade history if you're not LARPing https://www.bitmex.com/app/tradeHistory

i have about 6 btc. should i margin trade with it? best possible outcome?

what if I made an ethereum contract that gets the price of ETH in USD using oraclize and allows people to conduct decentralized margin trading (all the fun of etherdelta but for margins!)?
does this already exist?
mostly asking because it says not allowed in the US so this would allow anyone to do it

>>6560283
why the trade history

>>6560265
how did you get started, did you only look up what margin trading means and got your toes wet and learned from there?

tf is bitmex and what does it do/how do i make money on it pls halp am a niceboy

>>6560588
At what PNL do you cut your losses?

>>6560548
nvm already exists in about 3 forms

>>6560686
I did some trading on bitfinex back in 2013 so I had a basic understanding of how everything worked. Then just googled everything I wanted to know about futures and margin trading. Bitmex has an extensive info section as well.

>>6557716
So even if you know for a fact Bitcoin will be worth about 3k less by the end of the day you'll still get fucked if someone decides to buy the """dip""" and makes the chart bounce up a bit?

>>6560766
No definitive PNL, it depends on the price action and whether my leverage is low enough to hold it until the price comes back to me. Preferably you want to get a good entry and then put a stop on breakeven, so you never go underwater.

>>6560265
>Experience in a market is more important than some fancy indicator.
I'm not arguing against that point, but you said you pull max leverage on things that you have "gut feelings" about
You proved that it can work in your favor. this time. but I doubt we'll be seeing you around here with the same attitude if things ended up on the other spectrum

>>6560915
I don't pull max leverage, ever. I did some high leverage trades when there was china FUD because that was a 100% guaranteed trade, and because my capital was small enough that I could afford to take risks with it.

>>6560851
Exactly, that's why it's not good for bullshit TA fags with not experience, you have to be 100% percent sure about every trade. Buying and holding a falling knife until it moons is easy compared to this.

>>6560548
Binaryballs on Byteball can do it

>>6560972
But if you're in cross leverage you're actually on max leverage. It's just that they have a deleveraging engine.

>>6560972
>I don't pull max leverage, ever

>>6557025
>I always use cross

>>6556433
>Bitmex

Noice

>>6561204
Cross leverage just gives you more flexibility to put orders without hitting the limit of your isolated margin.
I obviously won't let the position use up my entire account and liquidate me. You shouldn't do that with isolated margin either, because liquidation takes away another 0.50% from the maintenance margin. A 100x position gets liquidated after 0.50%, not after 1%. It's far better to use cross leverage and put a stop at a 1% loss instead

>>6561347
Cross leverage is not "max", it's just a different way of doing it than isolated margin.

>>6561373
Oh that's right.
>tfw want to start trading again
>tfw you get adrenalin rushed when trading and especially when you're close to liquidation
I might have a gambling addiction

>>6561446
I know. You're just making very ballsy moves my friend. Good luck on your JUST-free endeavors.

Good job dude, may you never get justed.

>>6562204
Thanks. If you're a gambler you should love bitmex, but just try to avoid getting sucked into the monitor. Keep your head cool and take it serious. Good luck

I'll take it slow this time, start with x2 and work my way up.