Someone please explain to me what a UP or DOWN contract on bitmex is?

Someone please explain to me what a UP or DOWN contract on bitmex is?

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youtube.com/watch?v=IMm8kSzUidI&t=282s
reddit.com/r/CryptoCurrency/comments/88i1lx/how_to_use_bitmex_in_the_united_states/
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Up is like a call option, down is like a put option.

Why the hell don't they just say that then?

But how does one actively participate in a market rally then? Btc has been going sideways the last few hours while the UP contract still gained value. Why is that?

fuck I am so lost

please help us

so what does shorting and long mean

I am logged in and so confused

I understand idex much better

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youtube.com/watch?v=IMm8kSzUidI&t=282s

no mention of dollar amount

wtf is xbt

how do you bypass ?

vpn works ok with bitmex ?

bump plz

reddit.com/r/CryptoCurrency/comments/88i1lx/how_to_use_bitmex_in_the_united_states/

is it really this easy ?

Legal issues they can’t outright calli it puts and calls or SEC can prosecut

You are going to lose all of your money. If you can't figure out how to use BitMEX, you don't belong on BitMEX. It's like an IQ test.

lol

seems like

but what about a 2x or 10x less risk ?

I only plan to use $50

are fees crazy ?

All in 100x leverage user you got this

this.
dont be a pussy

you and are fucked up

honesty is appreciated

100x leverage ?

long or short fellas

100x short no stops final destination
do it faggot

any real help would be nice

broke by next weekend

I rarely get triggered on biz but this thread certainly did it for me.

What a fucking imbecile burgerfag, literally a stereotype.

vpn is on

should I try this ?

stop using Jow Forums

Yes, then you should kys

Jk, I too did not know how to use buttmex when I first started, although admittedly you do indeed sound like a special type of brainlet.

Leverage is only for when you want to trade more than what your entire account balance is worth. (i.e., you "leverage" what you have........) so if you only have 0.01 XBT total, and you want to risk it all, then yes you use 100x lev and buy as many contracts as you can for that 0.01 XBT. The total order value will actually be worth a whole 1 XBT, effectively. BUT your liquidation price will be super close to your entry (1% away exactly, in fact) so if you don't use very tight stops you're gonna be out 0.01 btc very quickly.