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15039270 No.15039270 [Reply] [Original]

Holy shitfuck, did you guys see this one already?
LMAO, BitMex retards

>> No.15039281

>>15039270
Kek

>> No.15039297

>>15039270
I want to have the kind of money to be able to just go yolo 100x short with $100k at the bottom of a dip

>> No.15039311

>>15039270
brainlet here. This means he lost an actual $10,000,000 by shorting BTC with a position at $9718, and BTC rose above this amount in such a manner that his leverage failed, yes?

>> No.15039323

>>15039311
no he lost 100k newfag retard neck urself piece of shit

>> No.15039341

>>15039323
actually he lost 100k minimum, but could be any higher amount. multiplier isn't written. if it was a 25x short he lost 400k etc.

>> No.15039359

>>15039323
at least 100k he might have x50 shorted during the dump 3 days ago

>> No.15039360

100k USD minimum
Most likely much more though. No one trades 100k USD with 100x leverage on BitMex.

>> No.15039386
File: 59 KB, 448x500, 028BD6D5-0416-4576-BF7D-68494D208CF2.jpg [View same] [iqdb] [saucenao] [google]
15039386

>>15039270
DAT SMILE

>> No.15039409
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15039409

>>15039386
> imagine if this nigga bought a boat and called it liquidation
> imagine the slat

>> No.15039417

>>15039270
Thanks to this fucking guy, the asuka prophecy will stay true

>> No.15039429

I bet he lost north of a million. 5-10x leverage. Could be more like 3 Million. I can't really imagine a 10M position size on high leverage. Anywhere from 3-5x makes sense though.

>> No.15039440

>>15039417
so how does it work exactly ?
in April the prediction call the top and the last price but now it calls the bottom completely ignoring the previous top ?

>> No.15039444

>>15039270
The STATE of bobos

>> No.15039457

>>15039386
disgusting

>> No.15039479

>>15039440
Called the top in April when hope was low
Called the bottom in July when hope is high

>> No.15039483

Why anyone would short a 30% correction from the recent top is beyond me.

>> No.15039485

>>15039360
yeah, that's my thought too. no way anyone with 100k would actually be dumb enough to go 100x. or maybe he was and he was just crazy enough to think that his order was big enough to create a local top.

>> No.15039496

>>15039270
Shorting is a hell of a drug

>> No.15039506

>>15039386
every pic and clip i have seen of this dude he has the most smug punchable face, fuck you arthur I hope the fbi seizes bitmex's domain and BTC

>> No.15039534

>>15039270
how much money did that person lose? 10 mill?

>> No.15039539
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15039539

>>15039457
Shorting BTC with leverage is disgusting

>> No.15039570

>>15039534
no retard, he actually lost 100m

>> No.15039617

I’ve been hodling -50000 at @9350 cross margin liquidation at $15k. Should I start winding down my position?

>> No.15039661

>>15039617
no, unless they start printing tether again then it's time to get out

>> No.15039662
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15039662

>>15039323
LMFAO

>> No.15039682

>>15039297
Its not the bottom

>> No.15039696

>>15039270
where does the money go when it's liquidated. does it just disappear from existence or does somebody get that money. if so who.

>> No.15039704 [DELETED] 

Try moon3d and get good profit

>> No.15039709

>>15039311

Ok brainlet explanation time.

Think of it like this. You put in a certain amount of money, say 100$. And you go long 100x
That means you will get $10.000 from lenders and you will BUY 10.000$ worth of bitcoin in hopes it will go up.

That 100$ you put in is collateral, but think of it like a BUFFER.

You have to give back that $10.000 no matter what because you lent it. So what you hope is that if 1 btc is 10.000 and you just bought 1 BTC, that BTC will go to 15.000. You sell the BTC, give back the 10.000 and keep the 5000 for yourself.

But if BTC goes down then that 1 BTC will become worth less than $10.000. But you STILL ALWAYS have to give back the 10.000 you lent.

This is where your "buffer" (let's call it that) comes into play. Your buffer is $100. And you know you have to give back $10.000.

So if BTC drops against you, than if btc goes to $9.900 the exchange says: "Ok, 9.900 + your $100 = 10.000. So we are going to close your position, take all the money you put in yourself (the $100) so we can pay back the full $10.000 to the people you lent from."

This is called a margin call.

This is a long example. But shorting is just the reverse. But instead of giving back money that you lent, you give back BTC that you lent.

>> No.15039723

>>15039270
Yeah, saw it live.. an actual moron. The people that decided to liq hunt probably laughed their asses off.

>> No.15039742

>>15039539
why? it's pretty basic hedging technique.

>> No.15039771

>>15039323
Nice just won 100k

>> No.15039782

>>15039270
Bobo, are you okay?

>> No.15039785

>>15039323
It doesnt say what leverage he had dipshit

>> No.15039791

>>15039696
The contract is sold on the market.

Simplest way to think of margin trading:
Say you have $1000 in corn and corn is worth $10,000.

Bitmex lets you buy $10,000 in corn using your $1000. You now “””have””” 1 btc. You are borrowing $9000. If corn drops more than $1000, the lender is under water on the 1 btc position you hold. You need to sell the 1 btc in order to assure that the lender doesn’t get screwed over. This is a margin call. Lender gets back his $9k, you have nothing.

>> No.15039833

>>15039270
Is a chink going to sudoku himself again?

>> No.15039864
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15039864

>> No.15039868

>>15039709
Not who you're responding to but I found this post helpful

>> No.15039875

If you dont truly believe that this is wash trading you are a brainlet

>> No.15039883
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15039883

this is now a bobro thread

the bloodbath is almost here, just hang in there

>> No.15039888

>>15039270
I'm ruined. Financially ruined

>> No.15039916

>>15039386
das rite

>> No.15039935

>using anything but prime-xbt.io for leverage trading

>wondering why you constantly get liquidated.

>> No.15040135
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15040135

Imagine shorting BTC. It's like picking up pennies in front of a steamroller.

>> No.15040242
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15040242

>>15039742
>basic hedging technique
>shorting with leverage in a evident manipulated market after January bottom is called gambling addiction
pick one, if you think the nigger above is not going to market buy and market sell huge amounts of BTC within 5 minutes in order to liquidate half of the positions in one shot, well, you are a fucking retard and you deserve to lose money

>> No.15040342

>>15040242
What if I made a platform where you could buy derivatives based on volatility to hedge against situations like this?

>> No.15040372

>>15039709
Thank you. Not op but this was useful.

>> No.15040386

>>15039311
It's not known how much he lost or what his leverage was. All that's known is the total contracts that were liquidated, which is 10M.

He could have been shorting $100,000 at 100x, or $1,000,000 at 10x. Or somewhere in between.

>> No.15041633

>>15040386
What criteria does the bot use to use the “100” emoji?

I always figured the bot somehow could tell what margin that the liquidated position was using. If it were 10x or so damn that would stink.

>> No.15041813

>>15040242
git good!
short activated at july 11 @ $11300
start building up with low leverage and then add to it when price goes up not when it goes down.

>> No.15041932

>>15041813
I hope you took profit already and closed that position

>> No.15041964

>>15041932
yeah but i'm still wondering if it was the right move. it's like btc really really wants to go up but simply can't. if i get an other chance to short $12k i will probably take it.

>> No.15042016

How do these people have so much money and be so fucking stupid I should have their money I would put it in a low interest savings account

>> No.15042037

>>15042016
this is why you will always be poor

>> No.15042169

>>15041964
>it's like btc really really wants to go up but simply can't
to me it looks like the opposite, the graphic is really bearish, TA says it could go to 6/7k, thousands of bobos are waiting there, but it looks like no one is selling and they could be left behind

>>15042016
>How do these people have so much money
>I would put it in a low interest savings account
>I'm poor
no shit sherlock

>> No.15042228

>>15042169
the graph looks bearish short to mid term but the price action the buying aggression is not. it's like there is suppression and reaccumulation going on at the same time.

>> No.15042427

>>15039791
How do I become a lender on BitMex? Do the shorts provide the lended money for the longs and vice versa, or is the exchange itself lending?

>> No.15042450

>>15040135
Add the retarded tether fud to this image in 1 year.

>> No.15042456

i miss the times when anons were actually smart instead of acting smart

>> No.15042468

>>15039709
good post my dude

>> No.15042472

>>15042427
nobody lends money really...
you buy or sell a futures "contract" nominated in usd but the contract doesn't actually exists until a counter-party takes on your trade.

the leverage is the divisor of your contract value to get your margin. when you change leverage all it changes is your margin for a position.