Purchase 0.1 btc

Lord_Tryzalot
Lord_Tryzalot

purchase 0.1 btc
go to bitmex
sign up for account
wait for super bullish news
buy bitcoin or other crypto with 50-100x leverage
cash out once its rising a couple percentages
if you lose, meh, its only 0.1btc or whatever you choose

why is no one doing this

it doesn't seem worse than throwing your money into some ICO and hoping it goes 2-3x

All urls found in this thread:
https://btc-casino.io/
massdebater
massdebater

@Lord_Tryzalot
Gambling with 0.1 BTC in a matter of seconds
Only 0.1 BTC
That's $400 you rich fuck.

lostmypassword
lostmypassword

@Lord_Tryzalot
because everyone goes into these types of trades with that exact mindset and get btfo most of the time

once they lose 0.1 btc or whatever it is they never come back

Playboyize
Playboyize

worse case, you lose your money, but you obviously dont go all in on this shit

best case, bitcoin rises 1% in value, with 100x leverage, you've made your 0.1btc to 10btc

whats the catch on this one, why is no one doing this

Methnerd
Methnerd

Because I'm in burgerland. Yeah yeah VPNs but I don't really want to do that.

PackManBrainlure
PackManBrainlure

@massdebater
that was just an example

personally i would never gamble with anything more than 0.5 ETH or a couple LTCs

Emberburn
Emberburn

@Playboyize
uh no, if it rises 1% you double your money.

RavySnake
RavySnake

@Playboyize
You need to really hit that green candle spot-on. In a massive pump, usually there’s a number of big drops along the way as well. If you hit such a one (as you are likely to do), or wait too long with closing your position (because you get greedy, as most people do), you’ll just get liquidated.
Also, if it really works the first time, you’ll be hooked and continue trying it, with worse entrances, until you lose all your money agaon.

TurtleCat
TurtleCat

@Playboyize
whaaaaat lol

did you forget how to multiply numbers or something?

ZeroReborn
ZeroReborn

i stupidly did this with 1 btc back in march

long, 100x leverage. it made me 127 btc when i closed out.

TechHater
TechHater

@Emberburn
Also this. BTC needs to double in order for you to get 100x gains on 100x leverage.

AwesomeTucker
AwesomeTucker

@Playboyize
1% of 10 BTC is 10.1BTC.

Illusionz
Illusionz

@TurtleCat
@Emberburn
i might have forgotten to add a 0 somewhere or something, but thats not the point

point is, this seems just as risky as throwing your money into some shitty scam ICO only for it to dip below ico price, so why is no one doing it

i never see it mentioned here, yet it could make you rich in an instant if you timed it right along with some major news, or major bad news like the china fud so you can short with 100x

Need_TLC
Need_TLC

leverage
How does this work? You gamble 0.1 BTC on "the price will go up" and 100 people say "no it won't"? If you are right 100 people have to pay you 0.1 btc? If they are wrong you will have to pay 100 people 0.1 btc?

Sir_Gallonhead
Sir_Gallonhead

Yep, this shit can really pay off. I prefer to margin trade with ether and 30x leverage though. Is been up and down several times a day over the weekend. I made over 100k from just 1-3% rises on my positions. I was going to do it today when eth was around 280 but sadly missed out because I was waiting it for to drop just $2 more.

MPmaster
MPmaster

@Need_TLC
you borrow money from the exchange usually

if it goes below your liquidating point, they'll liquidate your holdings and take them

haveahappyday
haveahappyday

@Playboyize
wtf did I just read?

5mileys
5mileys

@Sir_Gallonhead
do you just look at the chart and decide when to go in?

or do you wait for some news to come along first?

iluvmen
iluvmen

https://btc-casino.io/

WebTool
WebTool

Cause its gambling, might as well put all on red in the roulette

JunkTop
JunkTop

@WebTool
maybe, but atleast you can time it accordingly with some major news

you cant do that in a casino game

StrangeWizard
StrangeWizard

@5mileys
I dont wait for news and yes I will do TA before entering positions. Its also good to check for buy/sell walls along with market sentiment. (Percentage of Buyers vs Sellers), along with 24hr high/24hr low.

I like to trade eth because I have been studying the price movements closely for sometime now and the patterns seem reasonably predictable.

I am a member of several trading telgram and discord groups also. Occasionally they have some good calls to go on.

Boy_vs_Girl
Boy_vs_Girl

@Lord_Tryzalot
before it launches there is usually a million small dips, that's enough to execute your position unless you have more leverage, most of the time there it sky rockets then dips horrible as people sell off then it continually raises and dips everything raises higher dips less, after the first dips you'll be in the safe, but there are the dangerous ones.

You're retarded if you leverage trade without good leverage and if u treat it as gambling you will lose it all.

Playboyize
Playboyize

@Boy_vs_Girl
phone fucked my typing, essentially what I'm trying to say is that even during bull runs there are dips, sometimes these dips go far below the starting point and that's enough to execute you position as you will get a margin call and if it dips further they will just execute your position , 1% in the green doubles your money 0,4% in the red executes your position. it happens just before the most beautiful bull runs.

I can't tell you how many times i've been 10k in the red just before making 20-30k, I still panic everytime. But i keep 4 times what I'm using as initial leverage as extra leverage to survive these small dips before it takes off.

CouchChiller
CouchChiller

@StrangeWizard
BTW, these are some of my ETH closed positions from this weekend. 30x Leverage.

Lunatick
Lunatick

@Sir_Gallonhead
Lmao I remeber you from past threads.
Same happened to me today, I missed that jump in price from 282 to 290, it happened in less than 2 hours.
Now i'm considering Buying as soon as it drops to 288 again, It will most likely jump in price around mid day tomorrow when chinks americans and yuros are all trading at the same time, big jumps usually happen around that time.

girlDog
girlDog

@CouchChiller
Are all those separate trades? You made about $77k in one go?

RavySnake
RavySnake

@girlDog
That is all in one go, yeah. Those positions are maxed out for that trading platform so I have to do quite a few of them at once if I want to go all in.

eGremlin
eGremlin

@Need_TLC
Shorting btc:
You borrow btc from exchange
You sell borrowed btc (x50 = you borrow 50x btc of what you could buy with your own USD)
You buy back the btc, repay the exchange at a lower price and keep the profit

Longing btc:
You borrow USD from exchange
You buy btc with borrowed USD (x50 = you borrow 50 times your own USD)
You sell at a higher price, repay the exchange and keep the profit.

Maintenance Margin:
If your long of short reaches the point where you could not pay your debt with your maintenance margin (money you have deposited to maintain your debt) anymore, the exchange automatically sells/buys back all your btc so you can't go in debt more than you could pay. This is liquidation.

PurpleCharger
PurpleCharger

@RavySnake

What exchange is this? Fellow kiwi here.

Fuzzy_Logic
Fuzzy_Logic

I'm in the UK and I'm looking for an exchange that enables margin trading.

I've been using gdax up until now but it doesn't allow me to margin trade due to my location.

What do you recommend Veeky Forums?

Garbage Can Lid
Garbage Can Lid

@PurpleCharger
He's using plus500, based in Israel.
Don't use it for actual irl money trading because of that, but the demo mode is pretty neat if you want to play with leverage in a realistic environment.
Also, inform yourself on what CFDs are before you use it, you're not trading real btc, only difference contracts.

MPmaster
MPmaster

@PurpleCharger
that's Plus500

happy_sad
happy_sad

@PurpleCharger
Plus500 as @Garbage Can Lid
said.
Spent time in simulation first of course.
They actually give you $78 NZD just for verifying your account. It does take 24hrs though to verify though.

Bidwell
Bidwell

@Garbage Can Lid
you can test shorting, longing on that site? i know how it works but i'm still afraid that i might press a wrong button and get rekt

iluvmen
iluvmen

@Illusionz
rich in an instant
:^)

BinaryMan
BinaryMan

bump. this actually turned into an interesting thread. I think I'll try plus500 in demo mode.

can anyone recommend a reading list for trading strategies

Evilember
Evilember

@Playboyize
If it goes up by 1% with 100x leverage you made 100% and turned your 0.1BTC in 0.2BTC. If at some point BTC goes down by 1% you are cashed out and your money is gone.

StonedTime
StonedTime

@Evilember
Of coarse, if it moves 1% against you, you're liquidated and lose everything. Balls of steel are needed for 100x

Sharpcharm
Sharpcharm

@massdebater
exactly, its only $400, why not throw in atleast a few btc?

MPmaster
MPmaster

Going short on eth. Buying in after the dip.

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