It's still possible to profit and earn Bitcoin in 2018 when it is crashing. This goes over one of the fastest ways to double your investment with Bitcoin using the Bitmex Leverage/Margin trading platform. It's a full tutorial suited to beginners on how to use Bitmex for Bitcoin leverage trading with high volume and it has been a very profitable platform for me.
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Hi Mate I'm struggling to figure out BITMEX can you explain where I'm going wrong, I opened up a short with 900usd x 10 at 6700 and closed by going long at 6620 and my balance increased by 11 dollars wtf?
for 2 years, i have been searching for a way to make money off cryptocurrency and i got too frustrated until i met mr crow who made me about $2700 my very week with his mining software based on my investment. his email is <<cryptocrow800(at)gmail. com>>
Hey guys am reviewing 3 tokens coming up:
a) Appcoin: https://appcoins.io/
b) Ledu tokens: https://tokensale.liveedu.tv/
c) Cashaa: https://cashaa.com/1
Have you guys reviewed any of these opportunities? Would be good to bounce ideas around.
Great Video! Would also like to see more video's like this!
Also the cost of trading seems way to high for small accounts. i limit bought at 6k and limit sold at 6.6k with 5x leverage. The order value was 40% of my Balance. This pushed my Balance up from 0,00100XBT to 0,00103XBT oO. Am i making some sort of mistake?
so far i am using bitfinex stumbled over bitmex and started searching for some example trade to get a quick overview of the interface found this video and i can say just nice. one question tho since its using the trading view chart are trade positions beeing shown in the chart and about liquidation does it mean just automaticly close the position or also loss of the acount ?
Glad you found it useful! Not sure what you mean with your first question, but I think the answer is no.
It means the position closes when it reaches the liquidation price AND as a result you lose whatever you put into that trade.
I place active order of 128USD.. using 30 dollars worth of bitcoin simce it's my first time. Ordered was position once it hit market price i clicked on market. I only got the same amount of moneu i put in lol. No profit... did i do something wrong? I got another position order of 120USD.. do i need to cloe the order instead of hit the market button?
Oh shit I forgot to cover that sorry! Pressing market when you close the position will close the position at the market price. That means price didn't move up or down so there was no net loss/gain apart from the fee you paid.
And why didnt you show how much you lose if your position gets closed and also how come the exchange allows you to use leverage only to your benefit this does not sound right.Can you explain the downside?
Forflies Thanks for replying. Sorry but I dont understand no exchange will allow you to leverage only in the winning direction.What i understand from the video is that you can win many times over your bet when you use leverage but you only lose the bet if it goes the wrong way. Can you ease clarify.
Forflies It was a friendly warning , personally I don’t care. I am in crypto since 2012 and I have heard enough of stories of people who Bitmexed their fortunes away to never touch it. What will likely happen is this : you will be cautious in the beginning. Then on the next bull run you will think you are a genius in trading. Maybe it will happen not this year, maybe not even the next one. Then you will start using those high multipliers more often as your confidence in your skills will be higher and higher. Then you will lose it all at once in a matter of several weeks. Now you can say you are smarter than others , and I know nothing. Good - but be aware that this is the exact mentality that brings huge losses . Stop now while it’s not too late , or at least don’t shill other new and young investors into this money grave.
The content of your video is extremely misleading. The only entity that will make big money on Bitmex margin trading is Bitmex themselves.
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You don't lose more than you put on. What happens is you lose what you put on with a 1/5 of the drop in price than you would if you werent leveraged. But if the price goes up, then it can keep going up, and you get x5 the amount you would have got. Its just a multiplier, up and down. If it goes down your contract is auto-sold when the money you pledged is lost.
I noticed you carefully avoided the word 'Lost' and replaced it with a less emotive word 'Liquidated'! It may be clear to you, but feel like a subtle manipulation, in my view.
You spent far more time describing the gains, and hardly any time describing how you can lose. You emphasised the x5 gain, but at no time did you explicitly say 5x loss.
With all due respect, maybe you think you made it clear, but the fact that people are asking about the risks and if they can lose all their money over and over in the comments is because you didn't make it clear enough. When teaching something like this, a high risk warning should be the first thing you say in the video (even in the title) with big exclamation marks and then also when you talk about liquidation price and such, put it in layman's terms and explain it carefully. "If the price declines to 5200 your position will be completely closed" That can easily be misunderstood as: "at 5200 your bitcoin is sold and you get 5200 back" , but in reality, the guy just lost all the money he put in that trade.
Just as it is in regular Forex trading, the brokers and liquidity providers can often see your stops. Even if they do not see them or hunt them, they know where the majority of people place their stops since most people follow the same trading techniques and/or psychology (place stops just under the previous lowest low when going long, or just above the previous highest high for short). All they need to do then is to make the price go beyond those levels and knock out the stops. And since the liquidity providers and and brokers are major whales, they can easily make the price move by buying/selling on all exchanges (as past flash crashes and spikes have demonstrated).
So the +95% of traders lose money rule of thumb is quite real. And with 100X leverage... good luck lol. You may get lucky a few times, but without very stringent risk management and position sizing rules, most traders cannot consistently make a positive ROI. The house does always win in the long run with enough volume traded.
The traders that do succeed trade differently from the majority of traders, and do not risk more than 1% to 2% of risk capital per trade. Also, most professional traders are system traders, meaning they operate significantly elaborate trading algorithms that trade automatically 24/7.
WARNING: It sounds great in theory until BTC goes back up and you will lose BIG. Margin trading is a big no no in crypto. I tried it in the summer with small amounts and it was super stressful. All indicators indicated the coin was going down, minutes after I set my trade up, it started rising and was very close to being called/liquidated. You are not just betting $100 it will go down...you are betting $100 and borrowing $900 - and if it goes back up, guess what, that $900 has to come from somewhere
Yes this will always happen in the markets. Sometimes TA just doesn't work. As a trader you can't be JUST a TA or FA guy otherwise your story will become a continuous reality.
The reason it may have gone against your trade is HFT dark pools. Search it up
Hi, great explanation man! I'm just bored of holding and I'm trying to start with this new mechanism. I would like to ask you when you can sell your order. I have seen that you have a liquidation price, but I havent seen an exit price, so I assume you can leave with profits/losses when you want? And btw can you make 2 orders one shorting and one longing, and if 1 does not work out so you lose all the capital invested but then with the other one you win more than what you lose with the other bet? I dont know if I'm getting the things right... It's quite new for me and its confused sry
Yes exactly. If you go long, you can close your position either by clicking market to close it at the market price, or put in an equivalent short order at the price you wish to close your long.
You cant have a short and a long. they cancel out. I actually speculated on this a while back haha but even if you open to separate accounts to do it, you'll still get screwed eventually bc prices could go sideways and hit your liquidation prices before they go into a nice profit for you.
Something doesn't add up here. You're saying you can bet 0.1 btc and get 10x leverage=1.00 btc if you succeed where does that btc come from? If you lose you're saying you only lose the 0.1 you bet. I don't think it works that way. It would have to make you put the $6200 or 1.0 btc as deposit and then allow you to bet a portion on that at leverage up to said amount, and if you lose a max bet it takes everything out from your deposit to fill the loss. Otherwise the exchange is just giving away free bitcoins! Correct me if I'm wrong please.
Can you pull out of a trade if its not going your way to avoid liquidation? Or are these contracts set with a timeframe?
Also, where does this money come from? Do you need to find a seller to agree to your margin trading terms?
Yes you can pull out any time by closing at market (clicking the red market button) or putting in an opposite order (for example if you go long with 1000 contracts, you go short with 1000 contracts to close the position.
The money comes from the exchange, they lend it to you.
Jason Lee It brings out a gambling mentality so if you're prone to it and go all in on trades, yes of course. But there are many who can profit from it if you stick to strict rules about never going above a certain leverage and always taking profit and certain levels. Trading isn't sexy when you play it like this but it absolutely does work.
Love the video, I’ll definitely be doing margin trading in the future especially near the time of January. I had a question, if we fail in long or short depending on the leverage would we have to pay the amount that we used in leverage or just our position we used?
No. If you get a liquidation, you lose whatever capital you put into that trade from your side.
So if you go 10x to give an order value of 1 BTC and you enter with .1 BTC, you would lose that .1 BTC only.
This is primarily how we've been staying in the green these recent days since alts are a terrible thing to be near at the moment. ALWAYS STICK TO LOW LEVERAGE AND USE STOPS.
If you're looking to sign up, this link gives you a discount and helps me out: https://www.bitmex.com/register/sk75q7
EDIT: One big thing I forgot to mention is that this is not available to those in the United States. Sorry :(
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