In situations like this your can make more money when BTC crashing than you can chasing moon missions if you know what...

Now here are my advices if you want to stay safe, or/and if you don't want to use Tether

0. x100 leverage is pure gamble I can not stress this enough, use lower leverage

1. Read the docs and make sure you understand exactly how the contracts work (both futures and swap), profit/loss calculation and how liquidation works. Make sure you understand the difference between mark price and index price.

2. x1 shorts are way to cash out without using the Tether time bomb or Fiat:
Say you have 1 BTC which is worth 10 000$ at a given time in bear market and you think it's doing to dip further you short sell 10 000$ worth of contracts which will cost 1 BTC
A few months latter BTC @ 5 000$ and is bullish again, you decide to go long again so you buy back/close your short position you still have 10 000$ worth of contracts so you have now 2 BTC.
You can even get paid funding rates for holding your position + makers fee for going short
bitmex.com/app/perpetualContractsGuide#funding
If you're "cashing out" long term and you don't want to pay funding fees use futures contracts (XBTH18, XBTM18) not the swap contract (XBTUSD)

3. The interface may seem a bit complex to some, don't let that discourage you, it has very advanced order types and you can practice with testnet BTC (get some from a faucet) on BitMEX's testnet.
Make some trades on the testnet to confirm your understanding of the contracts and the site in general.

4. I prefer trading on Cross. It's very important to not trade too many contracts, I trade 1 contract at a time. I strongly recommend not to trade so many contracts that your are more than 2x leveraged. Ideally less than 1x, at least in the beginning.

5. Don't forget to set a stop loss, plan your trades and trade your plans.

Trading with above x5 leverage is a lot harder than most people think. By far most traders on there lose money because they use too much leverage, those that trade with x100 leverage lose all their money, so don't use that.

Shut the fuck up you degenerate gambling retard. This is about EU rumors not meme magic and tard lines you fucking imbecile.

Thanks, man. I really do need to start doing this. I'm not sure why I've been putting it off. This is the BTC chart I've been using, and it's been pretty spot. I made this one on 1-19.

The 1-30 line was the predicted start of the dip, and the 2-10 line was the predicted start of the small bounce back. You can see it struggling to get above the downtrend line now. I'd short it under 10797 and close at 7751. I'd repeat that if it were still unable to break that DT line after hitting 7751 with a short at whatever value it struggles with at the DT and a close at 5585.

Thanks for reminding me about this. (I'm not totally sure it was you who posted about this a week or so ago, but your writing style is similar enough to make me wonder.) If so, I really do plan on signing up for this, and I'll use the link you provided.

Why would they kill themselves? Oh, right, you're a clueless dumbass. Listen up, dummy: people don't store their entire stack on that site. They deposit what they're going to gamble with. Bitmex can only take from your balance, to pay off the account. If you have enough to cover being liquidated, they're fine. If not, their balance goes to 0. That's all. They can either reload, or walk away. Most people are betting in dollars, not hundreds of thousands. Idiots margin trade with that much, or "whales". If you put more than $100 on the table in the kind of market it is right now, you're either a degenerate gambler, or a fucking moron.

Please see:

You can't do both at the same time on one account. Some people do something like what you're talking about, but have two accounts.

It's possible, but it's more likely it won't work. Plus, I don't like that site, they have stability issues, with trade orders not going through when it gets busy. They say that infrastructure improvements are coming, so I personally have 0 interest in trading there until they fix it, and show they can be reliable.

It takes a while to quit exclusively holding and start trading, but if you're really into this stuff, then you'll get there eventually.

If you have the info/hedge you can make huge profits with no need of retarded high leverage, stay poor

so many newfags will try this and kill themselfs. thanks user for getting stupid money out

lol srs?

I don't even draw meme lines and I've doubled since I started bitmexing.

Neck yourself degenerate gambler

haha I feel like that kind of is worth pointing out. Like...for real, do not mess with this kind of stuff out of the gate.

DARKTRIP MAKING $$ SHORTING 30X HAHA

I didnt say anything about magic and tard lines, you fucking asslick.

he said holding the most volatile asset class of the decade

zoom out retards

>"zoom out"
>1W
bwahahaha

here's my prediction with today's close

True,
But crypto is like drugs

Sure, coke(BTC) is king but altcoins are good investments too.
People still like weed, X, Acid, etc

I didn't say it was impossible, but the majority of the NEETs and austists here will lose their money, guaranteed. Margin trading is the most riskiest form of gambling you can do, but the autists here see pretty colors and "big candles hurrrrrr" and flock to that site like retarded moths. You see them in the chat all day, sperging out Veeky Forums memes and just making the place intolerable.

referrals are against global rules. besides, your copypasta that every pajeet uses and replaces their referral is misleading. 100x margin increases 100x the commission so the mexicans eat your starting capital way quicker than you can stop them climbing a wall

That's legit

desu i wanted 4k, but after a lot of simulations the best i get is a double bottom (6-8k)

Solution for brainlets/rookies is x1 shorts/longs as explained here

>It's possible, but it's more likely it won't work
Why? You don't have to do this on bitmex with crypto. You can do it with x400 leverage on regular forex at other exchanges.

On forex won't you owe money in case of flash crash?
bitmex just has your email.

that's a real shitty analogy

I think it's still possible, but I'm kind of with you on that. The trend chart I posted matches up pretty nicely with you sim chart, so I'm kind of thinking it may wick on the day chart around 5855 again.

Can't ask to much off junkies

You don't owe shit. You get liquidated just like everywhere else and that's that.

actually my chart is pretty inaccurate with the daily closes, but it capture correctly the weekly trends

referrals are against global rules.

instead of taking risks himself, OP receives a commission whenever someone gains or loses, which is pretty deceptive with regards to his intentions

it's recommended that everyone report this thread

I was looking mainly at your future projection, and I feel like you could take that, scale it, and put it right where the data ends on my chart. It looks like it would match the trends pretty closely.

can confirm. first time i tried dicking around with margin trading, went long eth, got liquidated. feels bad man

i can't see it dipping past 8k, that 6k bounce was insane.

You happen to have one on ETH? It hit a nice buy-in spot today, and I'm guessing that it'll hit its next gain in sync with this next BTC drop.

Actually I think I know why.
It's very likely that both your positions would get liquidated due to swings before you broke even.
The strategy is flawed because it assumes direction will not change.

i agree desu, i'll keep the chart updated with daily closes. what's sure is that i'll keep my short open for the whole week

eth/btc or eth/usd? i can retrain the network for any shitcoin

global rule 11

Advertising (all forms) is not welcome—this includes any type of referral linking, "offers", soliciting, begging, stream threads, etc.

Let's go ETH/BTC if you don't mind. My script picked it as a buy at 14:00:00 CST, and it's always a little eyebrow raising when it picks one of the big timers.

grabbed the daily close, let me quickly retrain the network and i'll post results

bear are out for blood now