margin trading

[Anonymous No.15792923]

cant you make way better gains in a short period of time by margin trading? Why even hodl? If a coin x20 in a year, you basically could have done the same by longing say at 50x leverage and getting a 80% increase in total (which shouldnt take years. Just open a position, close it, and repeat. Its not the same position that needs to perform that well).

Why havent I done it then? Its not fear. I just cant tell which way btc will go right now. Im a retard since the dump from 10k was predictable (believe me or not, I was gonna short but procrastinated due to work and schooling. Ik ik bullshit excuse whatever. I really was gonna short it tho).

My next move will be to long btc after a bit to make sure it wont dump more.

[Anonymous No.15793622]

>>15792923
margin trading is more risky, as with anything more risky it is more profitable, but for me I like making sure gains over long periods of time, it is less stressful and it is enjoyable for me to watch an asset grow like from a seed to a plant

[Anonymous No.15793881]

>>15793622
but I mean if it moons just enough, you wont really ever be in danger of liquidation.

[Anonymous No.15794605]

Yes, Margin trading has much higher/greater upside.

I literally started with $400 in this account a year ago.

Bitcoin is quoted in dollars, all that matters is dollars, literally no attachment to crypto it's just a vehicle for me to make money.

[Anonymous No.15794723]

>>15794605
god damn
are u shorting or longing it right now? What leverage you typically use?

[Anonymous No.15794757]

>>15792923
Yes but also at increased risk. Most people blow up their accounts before they even come close to gains like >>15794605

[Anonymous No.15794778]

>>15794723
I use deribit which only has cross margin, meaning your equity is available for use, and possibly liquidated.

I short and long on different futures contracts.

For example, everyone is bearish right now, and shorts are paying longs funding. So I'll long perpetual contract, wait for move, then lock in my gains by shorting an opposite but equal position on say Dec/March contracts.

You'll find that most of the successful traders are entering into positions like this or using options to hedge.

[Anonymous No.15794795]

>>15794778
everyone was bearish at 10k yet it dumped
sometimes doing the opposite works, sometimes it doesn't
gambling

[Anonymous No.15794800]

>>15794757
Most people blow their accounts because they are using high leverage and not taking advantage of limit orders. They almost always use market orders to enter positions.

Don't get me wrong, I use market orders too to play breakouts. I've paid over 5 BTC in the last year.

[Anonymous No.15794808]

>>15794795
in essence, yes it's gambling. But if you hedge correctly, you can mitigate your risks.

[Anonymous No.15794848]

>>15794795
I don't think you can really use trader sentiment as an indicator. Cause traders are more short term focussed and everyone's constantly expressing opinions based on their own strategies. It's not very usefull to counter that. Though that being said, I went long today at 8200 and everyone called me mad for it.
>>15794795
A good trader is the opposite of a gambler.

[Anonymous No.15794870]

i make money way faster with margin trading. prime-xbt.io lets me trade crypto, forex, and stock indexes using BTC as collateral so i just keep accumulating more bitcoin. definitely gotta be way more patient with trades cause the risk is a lot higher. wait for the perfect moment and just increase your stop as you ride thew wave. if you can setup a trade and throw a stop in once the profit covers the fees, you can't lose money.

[Anonymous No.15794912]

>>15794870
Didn't 1broker also do the same and get rolled up by the SEC?

[Anonymous No.15795749]

>>15793881
doesn't even matter which direction is moves. you don't need a moon. crashes are good too. the problem with margin trading is when you're liquidated you lose the whole trade....not just down a few percent. if you set a stop, those few percent move much faster. your gain potential is increased, but so is your loss potential.

[Anonymous No.15795924]

>>15795749
well obv I didnt just mean longing. Im just saying if it moon/dumps enough (depending if you pong or short), you wont be in danger of liquidation. Thats also why you have to be careful with the margins you choose. Higher = easier to liquidate

[Anonymous No.15795938]

>>15794605
you made 220 bitcoin from $400 in a year?

what the fuck

[Anonymous No.15796998]

>>15795938
Yes. The power of margin.

[Anonymous No.15797248]

>>15794605
>>15796998
Would you teach a young pleb kind sir. I used to have a pretty good streak with margin trading bitcoin but lately I've just been feeling lost.

I'm gonna drop my discord if you wanna get in touch.
VErbadoo#0487

[Anonymous No.15797268]

>>15797248
drugs and routine ?

[Anonymous No.15797271]

More than 5x is just gambling, you can get liquidated pretty easy

[Anonymous No.15797278]

>>15797268
I don't even partake of the caffeinated jew. Coffee is the poison of the soul and so are most drugs besides psychedelics.

I mostly work out and fill out job applications. No routine to speak of other than bowel movements.

[Anonymous No.15797285]

>>15796998
What x you normally use? most margin traders i know risk 1-2% of their capital only.
400 bucks to 220 is win the lottery tier

[Anonymous No.15797327]

>>15794800
Why don't you use Bitfinex? Not a fan?

[Anonymous No.15797405]

>>15797285
maybe 30x
I used to turn 10 dollars into 150 dollars in a few hours

[Anonymous No.15797528]

>>15797405
How did you learn about it all?

[Anonymous No.15797542]

>>15797528
easy
to 15x with 30x margin you just need to catch a 40% pump