Just took a loan out for $100,000 USD. Going to use it to long btc with 100x leverage

T. Guy who doesn’t know lose vs loose

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try fucking your self in the ass

that would have been a baller move last year OP. you'll be homeless by EOD if you do it now.

Sure you don't want to reconsider?

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A. Proof or gtfo
B. Bad plan
C. What’s your suicide plan.

>No way a legitimate biznessman would be without a final exit strategy for this ride.

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Playing with leverage is extremely dumb, particularly if it's a loan, but there are so many shooters right now that they're bound to get barred. Good luck you soon to be richest man or woman or other of Jow Forums.

You can do it!

price only has to move .1% in order to get liquidated on 100x

please stop trying to meme this guy into losing his money

Do it

1%

Godspeed user

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1% up and I’m the richest man on Jow Forums

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you were already the richest man on /biz when you acquired the 100k, fucking larping though

Livestream it faggot

Nah hardcore the banks

die

Jealous toasty roasty onions s.oy got detected

If this is not a larp then he deserves to lose his money for being so retarded.

Your horribly pajeet English is showing

I’ll be richer than you, Ranwankda

I’m scared that people seem to be responding like this is actually real

Still no proof.

Sage

I don’t have to prove anything to you faggot. I don’t need you guys coming after me once I’m rich

sage

we won't because you also won't prove it that you're reach faggot

You... I like you

You’re the poorfag got mad I’m made of balls

show us any sort of proof or gtfo

>Oh noes! He didn't use correct grammar on my Japanese basket weaveing fourm
Fuck off

He doesn't know lose from ur mom

1% down and you’s a deeead nigger

rip

Daily reminder

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v2

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My favorite part about this is that he thinks going up 45% will negate being down 45%.

Lel

I'm really too dumb to properly understand how to "short"
How can you sell what you don't have?
I mean can please somebody tell me step for step how I would short coin X on platform Y?

Top kek.

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plsssssssssssss
LOL

You borrow coins, so if you short something at 10x leverage using 1,000 USD you are betting that the price will go down. Say if the price goes up 5% you lose half your money. If it goes up 10% or higher you get liquidated and lose all your money. However if it goes down 5% you get 50% percent profit and if it goes down 10% you double your profit. If it goes down 20% you 3x your money and so on.

Well how the fuck do you "borrow" coins?
Also binance and gdax don't support to use a lever in your transaction right?

Binance doesn't and GDAX used to but not anymore. You borrow them from either the exchange (like bitmex) or other users (polo used to do this, I think they still do) for interest.

Well then I understand it I guess, just never saw a possibility to "borrow".
Maybe for the better, gonna stay with binance/gdax.

so in OPs case if btc goes up 1% what happens

doubles his money, but if it goes down 1% he loses everything

Yea don't use use leverage unless you're a degenerate gambler (like OP) or a very experienced trader (you would never use 100x though).

I don't get how anyone even trusts bitmex to short or long. They probably manipulate the market to fuck their own customers positions since they see every one

look at the boom in 2013, what happened after? it dropped for ages before it mooned. do you think you will endure? do you think btc will actually make it? what if it just dies

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so why not get 1% and then stop? ez 100k? Or am i missing something

What's stopping a guy just taking out a huge ass loan, then gambling it on Bitmex. Then if they win big they pay off the loan and if they lose they just declare bankruptcy?

Actually around 0.3 %.

Supposed to be 1% if you straight up go with the formula: Entry - (Entry/Leverage) for a long.

This. But OP wont deliver because he's not smart enough to make this call, nor does he have enough connections.

I'm in an investing group with friends and we sometimes manipulate alts, but never Bitcoin. You need big money for manipulating top 10 coins...on multiple exchanges. Very hard.

because it's just as easy to lose everything

Courts don’t really like gambling cases

liquidation.

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I've never heard a worse plan ever on Jow Forums

Even the guy who got Biblically Barted on leverage at least couldn't have known what was about to happen.

BTC up 2% enjoy your riches op