This is Arthur Hayes

not really futures are very important for example they allow you to get into bitcoin at any price doesn't matter if you trade in a simple and disciplined manner you will make more btc and not lose dollar value.

futures also allow producers to hedge against price drops in this case the miners probably shorted btc at $13k to 14k and will be fine with btc dropping below $3k even for a year.

it's just degenerate gamblers misusing (and bitmex encouraging them of course) an awesome tool of wealth preservation.

Authur, hasn't renounced his Burger citizenship, Bitmex is under US Jurisdiction!
HA HA HA HA HA HA

oh and did i mentioned that leverage trading futures also allow you to safe keep the bulk of your btc away from exchanges? yeah you can manage your risk and loss much much better.

Back to africa you immigrant piece of shit

it's not that simple if a chink company has a us citizen ceo (would be weird i admit) does it get under us jurisdiction? lol don't be a retard.

Not so much. It is an awesome cheap service for sending money. As well as the most scarce and secure crypto asset, the backbone of all sat value, and also the first generation crypto coin?
Gotta be useful for something else clever.

DIN

>lol don't be a retard.
P R O J E C T I N G
You arrogant Zoomer cunt, Read you fucking tard! look @ section D,
law.cornell.edu/cfr/text/31/515.329

Apologise!

How

All true. But without a Clearing House, bitmex doesnt fulfil that function. Do you know your wins are capped at 30,000 btc SHARED AMONG ALL GAMBLERS while your losses are unlimited? And the platform is skewed heavily against you with the massive leverage. This isnt some ecosystem support operation. This is a predatory casino fullstop.

>he compared regulation to sodomy

Kekd

BiMEX is scammy as fuck. Obviously this is normal within exchanges but it's more shocking that they don't get called out for it where as even Binance does.

Hayes can easily hide behind that "muh regulation is sodomy" but at the end of the day he's basically raping the traders on Bitmex. They would already probably make enough without the manipulation shit

i see that the us has some pretty overreaching laws but so far it 's unilateral it can not be enforced. it's not really what jurisdiction means to the rest of the world.

And by manipulation shit I mean Bitmex knowing liq pools and just liquidating as and when they see fit.

Crypto: lets make a currency to fuck over the greedy bankers and put the bank bailout headline in block #1 to forever remind ourselves of this
Also crypto: hey this exchange started by a derivatives trader allows us to make 100x gains this is amazing come tell all our friends!!

If Bitmex operated in the US he'd have already been arrested lol
Probably why they never let US ip trade and it's basically the only rule they have

Yeah but that line was blurred ages ago when people wanted moon at any cost anyway. Now it's a celebration when a bank moves into the space because the price will moon or w.e.

Makes you think. If the socalled ""bitcoin experiment"" fails it will be people that fail it

he is the most based nigger since malcolm x

They thought they catered for human greed by setting miner rewards to encourage the network propagation. Well yeah it worked. But human greed was underestimated because they didnt expect people to get so obsessed with moonshots that it stopped becoming a currency. Its very deflationary nature doomed it to failure from the start.

let's say you are halfway decent at trading, let's say you become bearish around $12.8k when the second peak failed start building a short with low leverage like 3x or 5x with 1/5th of your btc in mex. later on say price drops to 9k levels and at the peaks around 11k and 10k you increase your short but still maintain a stop loss. if the price keeps dropping you increase your leverage to 25x and withdraw the difference. now you only have 1/25 of your btc on mex say we go to $5k and make a bit of sideways you have not lost in dollar value and if you expect a reversal you can close the short and open a long.

something like that. a 3x leverage is very unlikely to get liquidated but it's important to build up the position over time. because the price can go higher than your entry which is an opportunity and not a loss if you don't go all in at once. the market could change it's mind also.

and if the trend turns back bullish while you build a short you cover your loss and switch to long (if the bull is confirmed) and will regain your loss.

None of it matters because:
a) arthur is actively trading against you and he is a professional
b) he can see your stoploss values
c) with usdt fuckery and arb bots he can set the price movement almost at will

Cant win if ypu dont play

you have to place them well
you have to consider the daily volatility after the trend confirms trailing the price with a $1k gap is perfectly safe with high leverage. you got some risk of loss while you build up your position. but probably a partial loss.

This but unironically
And it's not like he even hides it. Look what he said when he was called out. "We don't advertise, people come to us" lol he is based purely because he doesn't give a shit

also notice how the usual correction after every drop or peak is to 50% of the range usually keep $1k from that 50%!

There is no “safe”, lol. The volatility and barts are purely bullshit movements to liquidate mex traders. The smarter you think you are, the easier he liquidated you. The only winning move is not to play.

You're so stupid no wonder you lost money on bitmex.

>“If the price moves even in 0.5%, you are wiped out of your position and guess what? There is a nice tweet called ‘BitMEX Rekt.’ [...] Every other second somebody has been liquidated by these guys and thousands of them have gone into financial ruin. Of course, this thing is not regulated anywhere. It is set up in the Seychelles.”

>The BitMEX CEO replied to this sentiment, after admitting that he doesn’t want to call Roubini a professor, and insisted that “it makes 100 times leverage, so what?” He continued:

“I don’t want to force anyone to use BitMEX. We just have a website and don’t do any marketing. Somehow a few thousand people have found a little oasis and started trading. [...]

Lol

How? No argument. Bitmex and Hayes really do that though, and I never traded on bitmex

i just explained to you how you can trade safely.
build up position over time limit your exposure until trend confirms trail loosely after. if you get even a tiny bit greedy you can get into trouble in 5 minutes. you don't want to be underwater for a minute with your built up position. only at the very beginning it is acceptable.

>i see that the us has some pretty overreaching laws
True, its a police state & acting world police
>but so far it 's unilateral it can not be enforced
You sound uninformed
>it's not really what jurisdiction means to the rest of the world.
RoW is different, sure. But If you don't think the US can bring it Juris(law)Diction(words) anywhere it wants, you'd be mistaken. It just needs a 'Interest' in the matter.
The reality is, the people the US works for are the rulers of the world (World Bank), Through the World Bank we all fall under their Jurisdiction. Not going to explain it more than that.

Pretty sure he browses biz.

>Being asked by Andrew Neil, a veteran journalist who hosted the debate, whether the regulatory authorities in the U.S. or the United Kingdom and the Seychelles are slightly different in scale, Aurtur replied, “It just costs more to bribe them.”

I know you can lower your risk, and understood what you said. Like all illegal casinos there are SOME winners. But the odds are against you, and there is a cap to your winnings. And once you beat him once, you will come back and try again and he will eventually nail you.

He's probably in this thread

>And once you beat him once, you will come back and try again and he will eventually nail you.
interesting point success can make anyone bold.

i'm mainly on bitmex to hedge with a fraction of my coins. not to win big. i think this attitude difference can help. but if this bybit thing pans out i may move over there. their user interface alone suggests they are not out to incite you making mistakes.

also from what i have seen many people decent disciplined traders otherwise lost big or everything on overload. bitmex should fix that shit more than anything else. it's bullshit. especially that it affects stops.

>fix a (((bug))) that makes them money
>to be “fair”
lol stay stupid biz

not sure that makes them money. but they gonna lose customers if they don't fix it. they already lost some. ironically this could solve the issue short term.

what i mean by that is market orders and working market stops make them money via fees liquidations can cost the insurance fund money (not that it's arthurs personal stash unless he ext scams).

t. arthur
Fuck off nig

no seriously man i see this memeing about liqs making arthur money but i don't see it.