>tfw people were shitting on me for margin trading last night
comfy as fuck right now boys
Tfw people were shitting on me for margin trading last night
Sebastian Gutierrez
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Benjamin Adams
>100x leverage
>to make .08 BTC
Holy fuck lol
Landon Butler
I only risked 0.01 BTC though, which is literally nothing.
Carter Brown
0.01BTC TOTAL
guys we have whale here
Jeremiah Taylor
>being this salty for no reason
kek
Josiah Garcia
im a little confused here on the UI, is the amount you put in just 0.0833 btc at 100x?
Ryder Rivera
I put in 0.01 BTC @ 4840.5
I am actually up over 800% at the moment. If I sold right now, I would receive 0.0833 BTC
Joseph Morris
>leverage god
that you OP?
Austin Rodriguez
newfag here, can someone give me an 101 on margin trading?
Is it like betting your btc on btc rise or fall?
Owen Cruz
yeah
it's essentially trading with bitcoin you don't have, which varies based on the leverage
i'm trading with 100x, which is the riskiest but has the most reward.
0.1% gain on bitcoin's price is a 10% increase on my initial margin
but if the price falls 0.5%, you have your position liquidated. i always set a market stop here so i don't lose anything
Matthew White
>anything
everything*
Ayden Sullivan
wew lads
the momentum on bitcoin is fucking crazy right now
Oliver Martin
> gloating about a 350$ profit after 100x leverage
LMAO
Ethan Price
He's not salty mate. He's calling you poor (and rightfully so)
Xavier Johnson
>last night everyone saying how risky leverage trading is and that it's pure gambling
>"but i'm trading with spare change"
>LOL ENJOY LOSING IT ALL
>up 900%
>Y-YOU DIDNT PUT $100K IN LOL P-POORFAG
ah Veeky Forums, never fucking change
Logan Peterson
poor
Cameron Adams
jelly
Liam Wood
yes you were talking to the same people last night who are in this thread, thats how Veeky Forums works.
gloating about a 50$ bet is still poorfag shit
Blake Harris
gj op
Gabriel Powell
you're the insecure faggot who's getting triggered about me turning 50 bucks into 500
thanks lad
Daniel Campbell
Nice, op!
Adam Morales
Congrats op
Connor Price
>everyone told me the house had an edge on the black/red bets in roulette
>"enjoy your coinflip with small house edge taking your money over a large sample size"
>won 2 bets on black
>WOOOO I'M BETTER THAN ALL OF YOU THAT'S WHY I'M SO SUCCESSFUL AND HAVE SO MUCH MONEY I HAVE TO LEVERAGE 100x WHEN I INVEST
Daniel Morales
Chump change, get back at us when u grow some balls.
If u went long with 1btc u would have 8 BTC now.
Henry Rivera
thanks lads
why are you taking the position that i'm bragging like i'm hot shit and better than everyone else?
i'm just following up from my thread yesterday and it's funny because so many of you are legitimately mad that the trade went in my favour
i repeatedly said that i'm trading with spare change. turning 50 bucks into 500 is pretty nice. don't get why you're so upset
Liam Turner
OP, how do I margin trade? You said you set up a market stop so what are you doing? I am relatively new to this and see Limits, Markets, and Stop Limits.
Kevin Rodriguez
How the fuck can I margin trade in the US
Evan Collins
1 contract = $1
based on how much money you put into your account, you're able to slide the leverage and accept the risk you're willing to take. 100x can fuck you up so don't trade what you aren't willing to lose.
>limits
use these to set price targets
>markets
use these to sell at the current market price (you get charged 0.075%)
>stop limits
the last line of defense, i use market limits so that i don't get liquidated and lose everything
use my link if you want 10% off trading fees for 6 months
VPN maybe? not sure, bitmex doesn't require any ID to register and trade.
Mason Rogers
So you use all three to 100x? Still confused about leverage and thought it only applies to one of the three.
Adam Martin
no, leverage is trading bitcoin that you don't own. in my case, i opened a contract of 4800 with a margin of about 0.01 BTC
limits, markets, and stop limits are how you sell/close your position. i really reccomend reading the little blurbs that pop up when you hover over the little question marks.
bitmex is really good for answering questions in detail
Jason Jackson
You think I should long bitcoin at this point or no?
Michael Baker
Its at an ATH, so probably not.. You have the best chances shorting it after the BTC fork
Blake Cruz
no way, it's way too volatile right now
but at the same time i thought about selling at the two hours ago, glad i didn't because it kept going up
Kevin Moore
Marging trading works but it requires both huge skills and literally being on your computer all the time, else you miss the gains. That leaves you literally with no life. Money is cool but if you have no time to enjoy it, then it is not worth it.
Best is just buying low when it dips and then hold strong.
Personally I bought the shit out of the Bitbay dip and it feels great as it is a solid project. Although at some point there will not even have dips because the future of crypto is in price stable currencies that prevent dips. That's by the way what Bitbay plans to do but with a decentralized peg instead of a shitty centralized hard peg like Tether. Yes as you can guess I am bullish on Bitbay. I genuinely like this project so I shill it when I can. It is way undervalued.
Jayden Powell
this interests me very much user, gonna open up a bitmex acc.
how much did you start with?
Liam Sanchez
use my ref link for discounts on trading fees lad
i started out with about 0.04 btc but i made some profit and cashed it out to bittrex, so i usually keep only about 0.01 btc in bitmex at any given time
Jace Butler
I did use it my lad. Enjoy them juicy commissions, if I do end up following through