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I don't understand this leverage shit, how much you lost?
8k
>longing in this market
8k
each contract is 1$
but since he is at 100x leverage he gets to play with 100x what he puts up so 800k
the catch is if it moves 1% in the direction opposite of your bet you lose it all (or nearly all of it)
also OPs picture is edited lmao because it makes no sense
>using 100x without knowing wtf you're doing or running a bot to read the orderbook
asking for it
how much would u have made if it went up say 200.00?
This seems like an easy way to make money. Is there a medium amount I need to put up?
How can you possibly not get liquidated if the margin is so thin? All coins move a few percent up and down constantly. When you take a position like this, how much do you have to keep it? Can you just have it for a few minutes and stop then cash out instantly? I don't see any other way you could possibly win.
But the pic says 9k, so he made 1k?