BitMex

I went long at 6718 with $180, but it looks like I haven't actually made 120% unrealised profit since it's only showing 0.0033BTC gainz which is about $25. Did I mess the order up somehow?

Attached: bemex.png (1920x661, 376K)

Look at how much margin you are using... you could have gone up to 10x, but you chose to not even get close.

You went in with 18 dollars
18x10=180

A couple of things:
Not wise to use mex if you haven't fully familiarized yourself with it
Hover mouse over your unrealised PNL
That was a stop hunt, I suggest you take your profits now because it's going back down


That's my one charitable deed for today. Do what you will

kek

This. Best to close now before your minimal gains become nothing.

Fuck me

$18 man. 18 fucking dollars.

when opening a position with margin, pay attention to *cost* not order value. you used 60 dollars not 180. I'm a noob too and you will learn from this. also use 25x pussy

>That was a stop hunt
why do something like this?

Get yourself a warm meal

$18 is still money.

why not?

Exchanges don't like to lose funds to a bunch of normal faggots

im not saying its wrong. I dont give a shit either way. I just dont know shit about this trading world and want to learn as much as i can

i dont understand. Is your theory the exchange did this?

Guys I just realised another thing. When I got liqudated on my previous position of $230, I actually lost $23. So basically I'm like $5 in the negative lol.

positive*

>when brainlets don't understand the nominal value is the amount you enter in the 'quantity' field
I figured this out within the first 5 minutes of using Bitmex. How fucking stupid do you have to be to not realize this after being in position for a day or more?

The "available balance" and the "order value" confused me. Not gonna deny it was a brainlet mistake, but it turned out neutral in the end lol.

Not directly of course, that would be more than shady, but with an open order book and offering people who like to get a share of the 21 mm btc a good OTC price, much can happen, especially when they can trade with themselves on a thin order book. Everybody wins, except normies

this is the classic rookie mistake everyone makes the first time they are on bitmex

this shit sounds alien to me. I have a lot of reading to do

bitmex is for niggers who gamble and dont mind another nigger cheating them. . just buy btc or onre of the coins that always outperforms btc

So whenever you make a margin trade and use leverage, the multiplier determines your market order.
So 10$ on 100x = $1000 position
And 18$ on 10x = $180 position
50$ on 50x = $2500 position
So next time if you want to go 180$ long on 10x You need to multiply the two to get to your quantitive order. Thats what leverage is...

I already have a crypto portfolio. Just took some play money to go long maximum 10x at near bottom, since I didn't believe it was possible for BTC to go down another 10% after all the dumps.

All you really need to remember is that in the long run only hodlers win

in the long run at least 95% of all these shitcoins are going to 0.
and even if you believe that bitcoin is here to stay you don't know if it may be already overvalued, so even hodling btc is not 100% save.

hodling crypto is gambling too. don't kid yourself. this is not the stock market.
you are gambling in the long run.

You will get it someday. Took me two "bubbles" to finally get it. Just lurk more. and yes 90% of all altcoins will die, also eth isn't here to stay. Once normies understand it, btc will be worth some crazy amount of FIAT

you are not into link are you?

get what?
you don't know how much BTC will be worth.
it doesn't have any fundamental values. it's not a stock.
it may be worth 1 million or $100.
you simply don't know. you are just gambling.
someone like warren buffet wouldn't touch BTC with a ten foot pole.

no and what does this have anything to do with what I said?
I'm into nothing besides BTC and only until I made enough money in this shitty bubble.

>someone like warren buffet wouldn't touch BTC with a ten foot pole.
Because he said so?
>It is no stock
right, it has more in common with a religion

>Because he said so?
I think he said so because he doesn't understand it or whatever.
but I mean even if he would understand it, someone like him would never invest into BTC because you can't even apply fundamental analysis on BTC but many hodlers act like they can and that it's somehow really intelligent to just hodl because muh FA but it isn't.
it's just longterm gambling.

never underestimate greed especially the greed old farts are able to. And regarding fundamentals, we are looking at a worldwide computing system able to transfer value around the planet and beyond in a very short amount of time.
>ib4 spamming the network
The more it grows, the more expensive it becomes to conduct such an attack, till the point where it becomes irrational, as it cant kill the network. That is why bitcoin will always stay king, while altcoins, even eth and bch will always just be shitcoins, if they even survive

Yep
Greed is pretty bad. I had like 20 BTC at one point, but then went on with alts and lost most of it, now I got 2 point something that I'm forever holding.
(this was during the 2013 shit)
I could have retired if I just held BTC. or maybe just risk 5% of it (which I'm doing now with alts that I think are long term)

> don't know shit about leverage: the post
Do you think all of us are 100x dice rolling fags?

at least you were on the right side of the trade
all those shorts have $0

yep, many $10 million shorts got liquidated.
I'm actually laughing out loud still.

Hold this long for a year until it hits 1.8 million

honestly just kill yourslf you stupid fucking loser