I used 3k and made it into 12k in 4 days

Okay folks, this is how it would have worked out in OPs case:

>BTC is at 6700
>25x Leverage: You get to trade with 6700 x 25
>Your gains will be 25x, but your losses 25x too
>He opened a short, so he's hedging on bitcoin to fall
>Let's not take into account fees and maintennance % (balance needed in order to continue trading)
>Since he is using 25x leverage SHORT, a 4% increase will cause him to lose 100% of his money (25 x 4% = 100%), and a 4% decrease will cause him to gain 100% of his money
>Bitcoin price went to 7100, that is a 6% increase
>OP is liquidated because 6% > 4 %
>If he had opened a margin LONG (opposite of short), he would have more than doubled his money

I hope you learned something you fuckin faggot. I guess not, so there you go:
never ever bet against the king
don't do margin of you don't know WTF are you doin
+1 don't be a deluded linki

Actually OP used 50x leverage, so a fall in 2% eitherway will either liquidate his money or cause it to double, my mistake.

Just saying OP, professional traders use 5-10x max, idk what you were thinking.

thanks user.. ignorant fag here again.. do you pick the x leverage or they set it up in base of chance of btc falling?

>Be retard
>Think you're an epic daytrader who can time the market even though crypto does not operate on conventional rules
>Buy and sell large amounts at random prices because you're retarded
>Double down and triple down in anger while on a huge losing streak, the sign of a gambling addict
>To top it all off, use leverage aka that thing where OVER 80% of users lose their money
Kek, just kill yourself retard. You're not cut out for this.

Can only short on usd pairs
Shorting is when you think the price is coming down, borrowing bitcoin from lenders, selling their bitcoin in hopes of buying back in at a lower price, returning them and keeping (most of) the difference.

>Btc is 7k
>I own 1 btc
>Want to leverage 10x short
>I offer my 1 btc as collateral, borrow 10 btc and sell them, i now own 70k plus 1 locked up btc, owe 10 btc
Now it can go two ways
>I was right and btc goes down let's say to 6300
>Buy back 10 btc for 63k
>Pay some interest to lenders
>Walk away with like 6k and get my 1btc back
Or, god forbid
>I was wrong and btc goes up
>I offered 1 btc as collateral spread over 10 btc borrowed. That means the price can go up to 7.7k-ish before my 1 btc can no longer cover the lender's losses
>Btc hits 7.7k
>Exchange automatically uses the 77k to buy back lender's 10 btc
>I lost everything

based

You pick, I beg you not to go anything above 10x.
A sudden shit all dip could wipe you out, and professional traders and bots can deliberately close your position with their large bank roll.

this is gambling addiction lol

rookie mistake to double down and triple down on a losing position. Only increase position if its making money.

100% agree, I can understand experienced people who use 10x, because market movements can be predictable to a certain extent.

I can not STAND idiots who use 100x, there's just no justification in assuming that bitcoin won't randomly drop by $70 (not even, $35 would be enough to close because of the 0.5% maintennance).

so OP is garbling on crypoto the most volatile market in the world LAMO

>it literally happens every time
>nobody ever learns

OP should start playing Russian Roulette , he would be great entertainment painting the wall with his brain

If you don't have access to a lot of capital then just buy some promising alts.

Where do you get the "leverage"? How can I get 100% gains from a few percent dip?

People lend their money to an exchange for commission, the exchange lends it to you.

You get liquidated and your collateral taken if you fall below a certain maintennance %.

Margin Long (expecting it to go up) 10x:
10% increase in BTC = 100% gains

Margin Short (expecting it to go down) 10x: 10% decrease in BTC = 100% gains