Retard question

when people say "im 100x long" or "100x short", what does the "100x" mean? is that futures? how does that work exactly? sorry i am a retard

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How much leverage, how much you borrow vs how much you put down.

So putting down $100 to borrow $10,000 worth of bitcoin is going 100x short.

how is anyone allowed to do that? i mean don't you need credit to do that? why not just go 100000000x?

Does your dong really get pushed that far out from your pelvis by being a fat fuck? I always assumed it just got buried.

how do you force someone to pay what they owe if they lose the bet? That's what I still don't understand

Nah, I'm pretty sure it gets sucked in.

Because you get liquidated if it goes to far against your position. When you go 100x long, and it drops just a tiny %, you lose 100% of your money.

because they already have your money. if it goes the wrong way they just dont give it back

What is the name for this specific process?

The more leverage you use the easier it is to lose your position. Risk vs reward. Nobody that visits Jow Forums should leverage more than 25x, if even that

liquidation

Leveraging, losing your money is called getting liquidated

Now run along to investopedia and read up we dont need threads like this on Jow Forums

ok so let's say i use $100 and go 10000x long for $1,000,000 and bitcoin goes up 10% -- i just got 100k by risking only 100 dollars?

Works like this:

Have $100 in your account, borrow $10k to buy 1 BTC at $10k. You are 100x long. If BTC drops 1%, $9,900, you get liquidated. Your 1 BTC is autosold for $9,900 and your $100 is used to pay back the difference.

The liquidation price is actually higher than that due to interest / liquidity. That's what makes 100x so risky, because if it goes just slightly the wrong way you lose everything. Sometimes due to liquidity you can go negative, but the exchanges usually prevent people from going to far negative.

how much can I win vs how much I put in?

To open such position you have to post collateral, which means you commit a certain amount that its entirety can be lost if the liquidation price is hit.

100x if shorting, infinite if going long.

Thank you for taking the time to explain it to my retarded self. I appreciate you.

So "longing" is literally just buying it, buy shorting it, you setup that contract like you described?

PS talk about a fucking perfect use of smart contracts, holy shit.

Yeah, but a. no one will give you that much leverage and b. a tiny fluctuation would (not might, this is guaranteed to happen) liquidated you.

nah, i can confirm lower bf% means more dick exposure

if you could find someone that would loan you that then yes. bitmex only allows 100x and bigger exchanges like gdax require you to have a certain amount of money

his bones have to be made out of steel.