When you're trading XBTUSD on bitmex where do the USD come from? is every trade you make against the house or something...

when you're trading XBTUSD on bitmex where do the USD come from? is every trade you make against the house or something? I want to deposit dollars but I can't, so that must be what's going on. what a scam

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You fucking retard.
You are actually a total moron.

Buy btc with the cash yuh want to use. Deposit btc. Voila.

You fucking idiot oh my god I can't believe people like you exist.

hooolyyy shit...I cant believe someone is that dumb my goosh

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If you seriously couldn't understand that concept you are not smart enough to be trading.

Please come to bitmex OP. feed me your money

where do the dollars come from though

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ITT: people pretending to be smart when in reality they dont know the answer either

I'll tell you for .05 btc

You mean leveraged trading? You borrow fundsu and your own balance is collateral. They liquidate when you get rekt.

t. nontrader

but it's xbt/usd and you can only deposit xbt. where does the usd come from. it it like gemini dollars but bitmex dollars? up 600% over the past week btw to anyone calling me stupid

This.
you deposit your bitcoins, they are set aside.

Now you use money given by bitmex to trade. when your losses equal your BTC deposit USD value- you get liquidated.

stupid on too many levels

this makes no sense. that means that there is a chance that bitmex could easily go bankrupt if there is not enough volume to fill liquidations.

they only accept BTC though. how is any money even made or lost. it's just literally a big pile of btc sitting there. where are the bitmex dollars? is this a joke I can't fucking believe this how I can't get a straight answer

there are no dollars, its just numbers

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fucking hell how do people this braindead even exist? kill yourself you fucking spacker

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only BTC is made and lost. Also, it should be obvious how easy it is for Bitmex to game this system. And with no regulation of crypto markets it's also legal

Jesus fucking Christ man.

They don't need actual dollars on hand to trade you dumb shit.

Basically what happenes if you depo btc, they exchange that for usdt and you just trade with that.. what's so complicated? They don't need cash to liquidate people.. liquidation means they won and you lost.. wtf. How can you be so stupid?

They pay out in btc as well, what's so complicated 600% genius?

what exchange does bitmex use to trade the btc you deposit into usdt?

Honestly they can't give you a straight answer because they have a low IQ and prefer to turn their brain off when it comes to their pixel money. If you trade for $$$, it's nothing but a promise by the exchange to give you that credit on a crypto. You have to buy back in to get those funds out.

hahaha fucking what are you saying. ahahahaha.
please trade more, free profit for everyone else

if their liquidation engine would fuck up and their >10k BTC insurance fund wasn't there, yes.

I like Gemeni. Your USD is FDIC insured when it's liquidated. From there you can transfer your BTC to an exchange that allows margin trading bitmex, binance, ect...