So let me get this straight. If you short 0.01 BTC with 100x leverage and the price goes down 1%, you win 1 BTC...

So let me get this straight. If you short 0.01 BTC with 100x leverage and the price goes down 1%, you win 1 BTC? What is the catch?

the catch is you get a whole shitty worthless token for the 1% of the price

If it goes up 1% you lose 100% of your money. 2%->200% loss...
(Yes, you can end up owing more than you leverage with)

There is no catch user, go ahead, do it

No, with 100x leverage, if it goes down 1% you get 100% of what you invested.
0.01 btc in that case.

No you set a liquidation limit. I mean you can do this 99 times and only have to win once to be profitable. It is a money printing machine, no?

this

Basically yes, go for it and dont listen to the Fudders

also with that kind of leverage you're basically gambling, and the spread works against you
just go to the casino play black at the roulette it's exactly the same odds and rewards

Does this work for longs?

Even if your TA is extremey good and the everything points to a downward movement, one whale can simply pump it gor fun and you will get instantky liquidated.

"Its a money printing machine" if that was true the whole system couldn't exists, it's like talking about moving at the speed of light. You can't. Period. On the long term you'll marginally win. That is all.

Can you set up a liquitation limit on bitmex?

I haven't fucked with BitMEX because I'm lazy but I was wondering a similar thing. If you set a position with 100x leverage, can you set a sell order (not sure if right terminology) once you reach 1% (aka 100% profit), so that your only options are:

- It goes 1% down first: you lose everything
- It goes 1% up first: you immediately cash it out and double your investment

Someone needs to tell me what's wrong with the above logic, because I know that it going up or down first is around a coin flip (even if it's skewed, it's sure as hell not 99%/1%).

Is it true boys will immediately pump the price to liquidate you. I feel like this happens to me only using 3x with small amounts and the price immediately goes the other way

*bots
fucking auto correct

How can people see who is shorting? How is that fair?

Ah makes sense. So what is the maximum amount of leverage you can do?

if it were 50/50 then it would be a zero sum game if you place always the same amount (place 100, double it to 200, place 100 and get liquidated, place 100 and double it, etc)
it's not for 2 reasons:
1. fees, so with 50/50 you'd lose money in the long term
2. it's not 50/50, so for example if you always short in a bear market like now, you'd probably make money in the long run

You wait until a market move is made, then seize the opportunity. In, out. You don’t just say “I’d like to make a shit ton of cash shorting bitcoin” and enter your position whenever. Of course, the bots will probably beat you to it every time. Get a bot.

I realized what a brainlet I was right after I posted. Thanks for that though

you just get shit entries. i'm pretty sure bitmex likes to burn 100x leveraged margin, but i doubt they'll touch anything sub 1m total

I did exactly this and got fucking burned immediately when I entered. Swear the shit was rigged.

your limit is the amount of fiat you deposit

Bitmex is fucking evil, the price move ul and down so fast and the liquidation margin while doing a 100x is very little.. I tried with Little money and got 2 wins and 2 losses but thats not for me

Also sometimes It seems the price go up or down Just ti liquidate your Short/long, and then suddenly back ad before.. I think is a bit manipulated

>I think is a bit manipulated

A bit?

I hear the exchange your on can see your margin trade. And its bots will pump or dump on your enetry if it calculates it can liquidate you.