Hi pornluver, Please be very careful with our Bitmex strategy. It is not Margin Lending at all, but Derivatives. We advice you to read carefully about this, and be sure to understand fully the mechanism and its consequences. Read again the Bitmex blog post from our help on Bitmex and its references. You will change your BTC into USD equivalent (short XBTUSD) and will earn funding interest only on USD equivalent. Please also monitor closely the Margin call price and leverage. Our bot will not take care of this part. You may lose your capital or earn negative interest, depending on your strategy and on the bitcoin trend.
What does. 46 unrealized pnl mean? Anyone else tried this?
I put 1 btc there. If I close now will I have only.5 left? Your system said total gain is. 05 btc. Then it says -. 46 btc unrealized pnl just for today. Anyone tried putting 1 btc for 1 year? Yes interest is negative once in a while. I do not mind. I worry that I am shorting btc effectively
It seems that shorting xusdbtc means I lost money if btc price goes up. It went up and I have tons of - pnl now. Great
Oh boy. Shorting means betting that btc will drop. BTC went up and there goes a lot of money. Wow.
Interesting.
I stopped lending and have .55btc. I think you should make your warning more clearly here. If we use bitmex we don't just get higher interest rate. we also bet against btc!!!!!!!
this may not be bad. Say you want to buy btc and hedge it by shorting future. However, this one is for expert.
This stuff is good if you want stable income without knowing btc will go up or down
Ha ha ha ha ha....
Yeah, the better strategy is hold and reinvest the interest earning and someday bitcoin price will plummet eventually.