Anyone here full time BitMexican?
> 1. Why do you like using Bitmex over other exchanges?
> 2. Is it more stressful than other forms of crypto inversting?
> 3. Do you see yourself using this platform long term?
> 4. Why do you think people are lying that they made $1m from $1000 initial investment? Larp?
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powm.io
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I just don't get if you lose like 1btc at 100x leverage, how the fuck do they expect you to pay back 100btc? Wouldn't you just make a new account?
>I just don't get if you lose like 1btc at 100x leverage, how the fuck do they expect you to pay back 100btc? Wouldn't you just make a new account?
basically you put down 1% of the money for the trade in 100x.
liquidation happens much before total loss (maybe 0.5%? idk what the numbers are). and the extra money they get from all the liquidations which are happening go towards an insurance fund to make people whole if for whatever reason a market sell doesn't cover the loaned money
I can't fucking comprehend any of this shit
> 1. Why do you like using Bitmex over other exchanges?
if you are certain enough about your trades and certain enough about risk management theres very little reason to not crank up the leverage
> 2. Is it more stressful than other forms of crypto inversting?
yes
> 3. Do you see yourself using this platform long term?
its useful during volatile times. btc/usd trading with leverage and long/short makes the most sense when volatility is high and things aren't trending upward.
> 4. Why do you think people are lying that they made $1m from $1000 initial investment? Larp?
double your money ten times (50x leverage on 2% gain trade) and you'll have that much money, its not inconceivable
Lol you god damn brainlet. You CAN'T loose the exchange 100 btc you can only loose however much is in your account. For example if you have 1btc in your margin account then yes, you can buy/sell up to 100btc worth of contracts using 100x leverage. Now let's say you long (buy) 100 btc worth of contracts at $1000 (using price 1000 for simplicity). Your liquidation price would be set to 990. IF the price of btc drops to or below 990 (~1%) your position will be closed i.e the 100 btc worth contracts will be sold at $990/btc. Becuase of this you have lost the exchange 1btc which they will deduct from your account. The reverse also applies if you longed at $1000 and the price rises you make bank.
What are the downsides to Bitmex platform?
Do you feel site owners can manipulate screw up your strategy?
Do you ever feel youre trading against manipulation. or is that fud? For example if you have a larger bank roll and some AI algorithm is learning your trades and will somehow work against you? (Therefore not not true discovery affecting your trades?)
Would you use it to build a bank roll for long term small cap holds?
Do you ever feel it's a scammy site?
Do you trade with a pre-created strategy? To avoid any tilt/emotion?
If bitmex is not a scammy ai algorithm, it seems almost too good to be true.
I used it for 1 week for shorting bitcoin at 25x and 50x and guess what happened? I lost it all but I'm pretty sure the ones on longs made bank.
Anyways here is link to invest and help a gambling addict to recover.
powm.io
No full time, if I try to get more than 10 positions a month I just vomit money.
> Why do you like using Bitmex over other exchanges?
No special love for it, fees are not the best but I haven't found a reason to not trust their security so far. I like that research blog as well but that's not a real reason to use it.
> Is it more stressful than other forms of crypto inversting?
I guess. I generally close positions right after candle close hits my targets, but when shit gets wild the system gets overloaded and it's impossible to do anything so I need a real stop prepared anyways just in case. And that pisses me off a lot.
> Do you see yourself using this platform long term?
Yeh, I just put shit monies on it and I make shit monies but it's comfy.
> Why do you think people are lying that they made $1m from $1000 initial investment? Larp?
I'm absolutely convinced it's happened to some. But once you realize it's so easy and you're unbeatable why stop? Any monkey can make lodsa money very quickly, what's hard is keeping it and I have more doubts about that. Pic related.
Keeping it seems the hardest part of crypto period. Bitmex is an awesome tool for the owners to gain crypto without having to think too much. Prebuilt algos.
In terms of gains, we are humans after all and love to be competitive.. we always want to one up one another. Gotta be careful with the vices of the world. More material = more things = more money needed. When in the end you don't need shit.. just confidence in yourself.. which makes me think. All the shilling here . It's definitely to throw us off and keep us from syndicating together..
Bitmex has all the data in the world + the money to build an AI.. all it takes is to spike and liquidate you once.. all those gains like the pic you posted lol
I'm curious about the strategies people use for $1m+ gains .. it's like a sport .. more you can automate the strategy the better. There's some ambiguity in their system tho.. doesn't seem 100% simple and transparent like someone using Binance.
What do you mean "try to get more than 10 positions per month" .. you only do long term?
>You CAN'T loose the exchange
>brainlet
>loose
I watched a video by some gook that was linked here and he kept repeating "but if you lose with 100x leverage at 5btc, you have to pay back the 500btc".
Here's the video: youtu.be
Just a stupid gook? or legit?
>tfw I owe bitmex 100btc but I signed up with a burner email address so they'll never be able to collect
>mfw i borrowed 2k btc at transffered to gemini and sold it ATH,
>then never payed back cuz i use a fake email
kek
this was before bitmex implemented their verification process where you have to give them your passport and adress at registration, i know a lot of people who also did this i think i was one of the few who got away with so much though
I don't do only long term but I don't really trust my opinion on $100 movements. When I think I've found a good setup it needs to come and I don't mind waiting days for that and when it looks too far I look for another but it needs to come too. There are other trades that may deserve more attention and I can't get rusty on my shitposting either. I don't know what you mean exactly by syndicating, I think everyone has to figure out what fits them. Just like I'm shit at $100 movements, maybe someone has some secret sauce for it but if I try to copy it it's probably going to not be as tasty, everyone has their own recipe.
Just so you know, there's no reason to use Bitmex over say Kraken. Shills just like to send you there via refs, because they get paid for it.
Unless you seriously want to play with more than 3x.
What? You borrow the money from Mex in the first place. You don't owe them shit if you get liq'd. They already took your money.
People here like using 100x
you borrow money and you have to return it back with a max timeframe of 1month, whatever you make from the money you get to keep as profit, back then bitmex let you borrow as much as you want(early accounts only) and you could run away with it because they didnt have their verification proccess they do know, this prob cause the bubble bursting when many bitmex stealers hold and sold ATH
They send the mafia and force u to pay
still don't quite have enough data to really quantify the price movements on bitmex enough to say if there is manipulation or not. I think it would be difficult to really say, there are people who claim they can observe such a phenomena but I'm not so sure if that is really possible. If someone with a lot of money dumps their coin is it manipulation?
Most manipulation happens when others tell the masses to move the market for them for front running which is bountiful in crypto and the normal guy profits if he's keen to it but I'm skeptical that you can keep up an operation which just dumps BTC since at some point you have to rebuy coin that you can dump again. The end result would be more volatility plus a massive loss in capital due to others using the volatility for their own profit.
In theory eventually the market should figure it out and put up buy and sell barriers which negate any manipulative behaviour, since what happens when you dump a shitload of coins the price immediately rebounds due to volatility strategies.
All that said there are massive movements which happen in crypto which do not appear to be associated with some cause.
Hell no.
So far i am full in bitstamp, the international coinbase
Do you have a source to back that claim up? I've been reading Bitmex FAQ's for a while now and it seems to me that you just lose whatever equity you had on the line.
How's bitstamp? I've only traded on Binance, bittrex, and ForkDelta/ED
The disinformation in this thread is shocking! This guy does a decent job explaining how to trade leverage on bitmex, start here brainlets: youtu.be
What is the current withdrawal fee on Bitmex?
instead of making useless threads why dont you play with their testnet or better yet put some money in it faggot?