Good night sweet prince

that is the contract value amount.

the amount of dollars lost is 1% - 100% of that based on what leverage you used (100x - 1x).

You guys must not know how Bitmex works...

Each contract is 1 USD, not 1 XBT for the perpetual swap market of XBT/USD.
80,000 contract liquidation is only $80,000.

how can someone with so much money be so retarded to think buttcoin wasn't kill

that's still pretty close to 1 billion dollars though so it's like wowwwww that's a lot

no it's $80,000 but the trader could have placed the order with only $800 collateral

>1.1 Billion

once again this order can be placed with only $2000 collateral
i fully believe most of these are 100x and 50x bets placed by high stakes gamblers

MFW /biz talks about econ

>80000
>1100000000

I can see how you got the two easily confused.

Wait, what does that mean? If he margin trades with 20x, he will lose 20% of that amount in dollars?

Doesn't the order get immediately liquidated if the price goes down 1% though?

No you fucking retards, he had a contract to sell 80k Bitcoin at 14390.5 USD. 80000*14390.5 = 1,151,240,000. 1.1 Billion USD.

Hello nocoiner

at 100x it's actually 0.5%, it's pretty fun stuff if you are the raging gamblaholic type but it's also very self destructive.

each contract is $1 worth of bitcoin.

bitmex thread?

...

it's not a billion dollars it's a billion btc

its 80k usd you dumbass

>itt: fucking retards

no man, fuck you, people are losing gazilllions of dollars.

you're wrong you retard, just open up bitmex and you'll see. It's a $80k position

saw a 7 mil one during the bullrun to 20k, that was insane

...

That's pretty fucking gutsie. You need to pick the perfect entry point and pray it moves in the right direction without any momentum against it. If price is 14.325$, anything more than a 70$ swing in the wrong direction is game over..

Is that 10M?

typically if you're doing that shit, you start small and have buffers so that even if it goes 0.5%, the position gets added to (doubled or whatever) so that the liquidation point moves further
it's a risky way to play though, yeah

8 am pump:

discord.gg/2cdm62j

it's only 8am for dirt people, shoo pajeet

It’s not billion bitcoins it’s cryptobillion, 10^75

Bitmex contracts are in USD, it's 80k USD position.

It's not $80k, you idiots.

It's 80k contracts.

You can buy contracts with 1-100x leverage.

So, this man lost between $800-$80k depending on his leverage.

Fuck you Bitmex noobs.