Noob question about shorting on Bitmex

5x is the best for margin trading imho. It sets your liquidation far enough away that getting rekt is fairly unlikely (though not completely safe) and lets you open a position and ride out pumps and dumps in relative safety.

The higher margin settings should only be used when you're extremely confident in the price trajectory, which you shouldn't be unless if you're an insider. 100x is only used by kids and gamblers who like to get excited by 0.1% movements and make tons of trades per day. They almost always lose money.

this

>Let's be honest, we are in a dowtrend, this seems like free money.
you are clearly cut out to beat the market + fees

>70m$ is a lot for bitmex
fucking lol dude

>fake bull trapping bears

i cant help it

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If you take any margin position and you dont close it as soon as it goes 0.01% below your buy in, You are an idiot.

inb4 fully liquidated life savings loss

you would be shorting a local bottom, the risk reward ratio sucks

what about the fucking fees? if i short i pay fees, if i long i pay fees. how?

Everybody pays fees, dude.

The exchange has to make some money. If you don't like it, start an exchange that offers free trading. See if it's possible.

I don't understand any of this. How do you make/lose money based on those inputs in those fields? 1000 what? What is leverage and how does it work?

The fees are based on a percentage of your position every 8 hours. So if you hold for a few days, even if your position gets bigger fees are bigger as well and you get bitmex'd

Not correct.
There's bitmex fees, which are outrageous (discussed them on my twatt but tl dr you pay up to 15% upfront).
There's also the funding rate which can be above or below 0. A positive FR means bulls pay bears, a negative the other way around.

Remember when btc was in the 4k range? Plebs were short, hence I was getting paid every 8 hours just to keep my short open.
ETHUSD OTOH usually has FR > 0 which means retail goes long and thus isn't happy to take big red dildos up the ass but also so cucked that has to pay funding rate to the chads going short every 8 hours.

Then there's not only the damn perpetual swap which is designed for the low IQ but I guess one gets unpopular discussing futures and (deribit) options.

If anyone is interested in the latter, check my bread which includes reasons why I mostly moved to derishit plus shill discount gaylink

twitter.com/KadaneZod/status/1147979399414681600?s=20

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* keep my long open
SRS

D'shite has also perpswap and futures btw.
Takes time to figure options out if one has never used them.
Possibilities for complex strategjes are endless though once one masters the trade.

Nice ID.
IQ of a Pazesh kek

That actually made laugh.

leverage without getting to nitty gritty in this context means increased buying power. So someone loans you money based on your margin which is the money you have deposited. BitMex is willing to loan you 100x your capital so for 1000$ they're willing to lend you 100,000$. So you can fuck yourself over trading even faster than usual.

If I buy 1 BTC at 10k and sell at 11k I have made 1k. If you then use 10x leverage you'd make 10k.
>1000 what?
1000 contracts. 1 contract = 1 usd. So if BTC is at 9600 I'd need to buy 9600 contracts to resemble the value of 1 BTC. Hope that makes more sense.

kek, that almost always happens immediately after opening a position. there's a fucking spread you know and unless you catch a large market buy/sell your going to be filled in that zone.