Bitmex question

[Anonymous No.10631221]

I just market sold at10% profit and I had $100 on a 10x long and the fucking 10% was only $10??? Why the fuck does it say 1000 contract but get give me 10% of $100??? Can someone explain this bullshit to me so the next pump I can make more?

[Anonymous No.10631238]

10% profit on 100$ is 10$ you dumbfuck. If you put 1000$ at 10% you wouldve made a 100$

[Anonymous No.10631286]

>>10631238
Then what the fucj is the point of 10x???

[Anonymous No.10631314]

>>10631286
The levels

[Anonymous No.10631319]

>>10631286
You wouldve made 1$-fees without the x10. You are beyond retarded.

[Anonymous No.10631327]

>>10631314
Can you explain it to me?? I thought they let me borrow the fucking money and give me the profit of money borrowed???

[Anonymous No.10631338]

>>10631319
I’m bad at math nigger so explain it

[Anonymous No.10631370]

>>10631338
The %profit that shows is over initial input, so 10% of 100$ is 10$.

[Anonymous No.10631381]

>>10631370
Yeah I get it now so 25x is like $20. 50x is what $50 at 10%?

[Anonymous No.10631393]

Only helping cause dumbfucks like you bring in free money

[Anonymous No.10631396]

This is the dumbest fucking investment community

[Anonymous No.10631400]

>>10631221
WE'RE BACK BOYS

[Anonymous No.10631401]

>>10631393
I haven’t lost in weeks on one trade call me dumb but I’m making 80$ a day doing this

[Anonymous No.10631415]

>>10631396
>>10631393
Biz is full of faggots who think their smart and yet can’t get a girl to save their life I rather be who I am than you anwyays

[Anonymous No.10631423]

Explain it? Dude, the exchange is a business. Their entire goal is to be successful and make money. They aren't going to let people manipulate their systems. Didn't you hear about the clawback?

[Anonymous No.10631473]

>>10631401
You havent lost in weeks but dont know the very basics to even using the site. Sure thing pal.

[Anonymous No.10631525]

Clawback is when too many people try to cheat the exchange and the exchange manipulates the price to avoid any further losses. The top "gainers" also lose 10 percent of their gains.

This process happens every week and was just made public knowledge by one of the largest margin trading exchanges.

Margin trading can be fun sometimes, but you will never really win with it.

[Anonymous No.10631547]

>>10631286
So many people misunderstand this shit it's not even funny.

You need to think of leverage is a DIVISOR, not a multiplier.

If you have a position of 1000 contracts at 10x leverage, you are using $100 worth of your own contracts, and Jimmy Whale is lending you the other 900.


Say bitcoin is at $10000.
You're long 1k contracts at 10x as explained above. Notional value of the position is $1000 (0.1btc).
Btc goes up 1% to $10100. Now your position is worth $1010.
You sell immediately (ignore fees, funding etc. for this example), receiving 0.101btc ($1010).
You pay Jimmy whale back the 900 contracts you borrowed. 1010 - 900 = 110
You now have $110.

Total profit 10$, ROE 10%.

Thanks for your donation.

[Anonymous No.10631567]

>>10631327
Explain What, I was calling you stupid, but I take it back now, as u must be the normal or normies, I think that what u are called type of person, everyone has been waiting for, put in 1000k and go long but only in 29mins from now

[Anonymous No.10631593]

>>106315 this is what I thought- but wouldn't OP have more

[Anonymous No.10631600]

>>10631286
I was confused on this too at first.

First x1, x2, x10 is the leverage you want. And contacts is how many in dollars you have. If you put 1000 contracts with x10 leverage that means 900 of those contracts are borrowed and 100 is yours. So you get 10% from your initial investment of 100 bucks which is 10 bucks

[Anonymous No.10631620]

>>10631286
>>10631327
>>10631338
>>10631381

Everytime Bitcoin gains a percent, you earn X amount of that based on whatever leverage you have on your open position.

1% x 5 (x5 leverage) = 5 percent gain
1% x 10 (10x leverage) = 10 percent gain
1% x 25 (25x leverage) = 25 percent gain
1% x 50 (50x leverage) = 50 percent gain

If Bitcoin went up 4% and you went on a long

4% x 5 (x5 leverage) = 20 percent gain
4% x 10 (10x leverage) = 40 percent gain
4% x 25 (25x leverage) = 100 percent gain
4% x 50 (50x leverage) = 500 percent gain

The contracts aren't the same as the cost. The cost of the contracts is what you're putting in total. The contracts are the BTCs bitmex is letting you borrow.

[Anonymous No.10631676]

>>10631620

Also, if Bitcoin goes against your position, you will automatically get liquidated at 100% which is the total amount of money you put in.

If you shorted at X amount of leverage, Bitcoin would need to go up X amount of percent to liquidate you.

If you have a short position at x5 leverage, bitcoin will need to gain 20 percent to liquidate you

If you have a short position at x10 leverage, bitcoin will need to gain 10 percent to liquidate you

If you have a short position at x25 leverage, bitcoin will need to gain 4 percent to liquidate you

If you have a short position at x50 leverage, bitcoin will need to gain 2 percent to liquidate you

If you have a short position at x100 leverage, bitcoin will need to gain .5 percent to liquidate you

and vice versa goes with longs. You fucking nigger.

[Anonymous No.10631679]

>>10631473
I'm retarded and have no idea how that works but I'm making money too. Get over it if you're not making money on Bitmex just KYS

[Anonymous No.10631710]

>>10631473
Haha smart fags can’t win shut the fuck up homo. This is why you’ll never get a girl cuz you’re a pussy book worm

[Anonymous No.10631741]

>>10631676
>>10631620
>>10631600
Thanks guys big help I get it now. I’ll be dropping another $900 of my money in it and just 10x I can’t lose this way

[Anonymous No.10631945]

>>10631221
Hope u went long u fag anyways u must understand how it works now, I'll go back to fucking over cunts like you. And for the rest of you wankers see pic, now fuck off.

[Anonymous No.10631961]

>>10631741
you will lose all your money guaranteed

[Anonymous No.10632153]

>>10631741
youre a retarded gambler

[Anonymous No.10633358]

>>10631600
No mate, that's fucking stupid! CAN YOU EVEN MATH?!?!?! IS EVERYBODY ON THIS FUCKING THREAD SUB-50 IQ?!?!?!?
>So you get 10% from your initial investment of 100 bucks which is 10 bucks
THEN WHAT WOULD BE THE POINT OF LEVERAGING YOU FUCKING BRAINLET?!

[Anonymous No.10633377]

>>10631238
>>10631319
>>10631370
>>10631393
>>10631600
THE ABSOLUTE STATE OF THIS BOARD

[Anonymous No.10633495]

It seems like everyone answering the OP is assuming that the price of bitcoin only increased 1% , but the OP explicitly said that the price went up 10%.

If he put down 100 dollars at 10x leverage and the price went up 10% then why didn't he make 10* (100* 10%) = 10 * 10 = 100 dollars of profit rather than 10 dollars of profit?

[Anonymous No.10633665]

>>10633495
bitcoin didnt go up 10% he probably meant the % which is written in unrealised PNL

[Anonymous No.10633682]

>>10633495
when you market sell it might sell at a shit tier price + fees are high unlike limit order. so probably that. Probably caugh a volatile spike while selling