Trading futures with 20x leverage... what a rush.

[BayAreaCoins]

http://www.reddit.com/r/BitcoinMarkets/comments/2nqnwj/796_overs_x50_leverage_trading_with_futures_in/

Here ya go ya fucking dirty degenerate. 50x leverage!

rofl that is cray lol

I've never used them before.

[Bitcoins101]

http://www.reddit.com/r/BitcoinMarkets/comments/2nqnwj/796_overs_x50_leverage_trading_with_futures_in/

Here ya go ya fucking dirty degenerate. 50x leverage!

796 has been way ahead of OKC in the leverage department for the majority of both of their existence. It's only natural that now that OKC offers 20x leverage, 796 would go from 20x to 50x.

I'll take OKC with 20x leverage over 796 with 50x leverage because of how OKC manages risk socialization. OKC has a pot of 100 BTC per incident that they use to cover losses (i.e. negative balances), while 796 has none of that. Be prepared to deal with losing a large amount of your profits on 796 due to the losses of other traders. It's not like the money disappears (it just passes from trader to trader in all scenarios), but the extra 100 BTC that OKC throws into the pot is certainly appreciated by those using their platform for hedging instead of just pure speculative trading.

I also feel a little more comfortable with OKCoin.com's security and I appreciate the ability to transfer BTC instantly to their Chinese exchange and trade it with zero fees. The entire OKC system just feels a little more robust.

Not that I won't be using 796 at the right times...

[ScryptAsic]

http://www.reddit.com/r/BitcoinMarkets/comments/2nqnwj/796_overs_x50_leverage_trading_with_futures_in/

Here ya go ya fucking dirty degenerate. 50x leverage!

That is very risky. A 2% change in the market price against you will wipe out your entire equity. I would imagine that it would not be a good idea to stay in those kinds of positions for very long.

This is also a Chinese exchange, which in itself is risky as there are rumors regarding the solvency of chinese exchanges

[2dogs]

The first rule when trading BTC 20X (or more) leverage is...

you will not, cannot and should not SLEEP!

[TwinWinNerD]

The first rule when trading BTC 20X (or more) leverage is...

you will not, cannot and should not SLEEP!

Or just don't hold overnight positions

[2dogs]

The first rule when trading BTC 20X (or more) leverage is...

you will not, cannot and should not SLEEP!

Or just don't hold overnight positions

Of course, close your positions before going to sleep.

But then, you are missing a good 8 hours or so of action!

Or, as an alternative, use a platform that allows you to set stop losses.

Don't know of any that do with leverage.

Poloniex does, but does not offer the leverage.

[Bitcoins101]

The first rule when trading BTC 20X (or more) leverage is...

you will not, cannot and should not SLEEP!

Or just don't hold overnight positions

Of course, close your positions before going to sleep.

Or, as an alternative, use a platform that allows you to set stop losses.

Don't know of any that do with leverage.

Poloniex does, but does not offer the leverage.

Most of them do offer stop losses in some form or another, actually.

[2dogs]

The first rule when trading BTC 20X (or more) leverage is...

you will not, cannot and should not SLEEP!

Or just don't hold overnight positions

Of course, close your positions before going to sleep.

Or, as an alternative, use a platform that allows you to set stop losses.

Don't know of any that do with leverage.

Poloniex does, but does not offer the leverage.

Most of them do allow stop losses in some form, actually.

Which ones - with leverage, 10X, 20X like OKCoins?

[Willisius]

The first rule when trading BTC 20X (or more) leverage is...

you will not, cannot and should not SLEEP!

Or just don't hold overnight positions

Of course, close your positions before going to sleep.

Or, as an alternative, use a platform that allows you to set stop losses.

Don't know of any that do with leverage.

Poloniex does, but does not offer the leverage.

Most of them do allow stop losses in some form, actually.

Which ones - with leverage, 10X, 20X like OKCoins?

Well they all will essentially force you to have a stop loss order in place in the form of a margin call. I would say that they would liquidate any 20x position that you have well before the price drops enough that would wipe out your equity

[TwinWinNerD]

The best way to trade theses things on those platforms is to make a new account as soon as you close a winning position.
that way you don't have any sozialization losses.

[ScryptAsic]

The best way to trade theses things on those platforms is to make a new account as soon as you close a winning position.
that way you don't have any sozialization losses.

I would think that any trading platform/exchange would be able to monitor individuals via IP address/cookies.

Plus if an exchange that allows leverage is truly neutral to every trade then they would not need to socialize anything as the exchange would not end up loosing anything for any trade (assuming they can manage their risk appropriately and are able to close out positions before negative equity is reached)

[2dogs]

The first rule when trading BTC 20X (or more) leverage is...

you will not, cannot and should not SLEEP!

Or just don't hold overnight positions

Of course, close your positions before going to sleep.

Or, as an alternative, use a platform that allows you to set stop losses.

Don't know of any that do with leverage.

Poloniex does, but does not offer the leverage.

Most of them do allow stop losses in some form, actually.

Which ones - with leverage, 10X, 20X like OKCoins?

Since no one answered my question, I'll ask again:

What BTC exchanges offer 10 or 20 X leverage besides OKCoin?

[BayAreaCoins]

The first rule when trading BTC 20X (or more) leverage is...

you will not, cannot and should not SLEEP!

Or just don't hold overnight positions

Of course, close your positions before going to sleep.

Or, as an alternative, use a platform that allows you to set stop losses.

Don't know of any that do with leverage.

Poloniex does, but does not offer the leverage.

Most of them do allow stop losses in some form, actually.

Which ones - with leverage, 10X, 20X like OKCoins?

Since no one answered my question, I'll ask again:

What BTC exchanges offer 10 or 20 X leverage besides OKCoin?

I use OKCoin (in my signature.)

Doesn't 786 or whatever their name is offer margin trading?

[krishatnet]

More leverage more risk also more profit.

[BayAreaCoins]

More leverage more risk also more profit.

Scared money don't make no money!

[BitCoinPokerBro]

I took 1btc to 16btc and then fell asleep at the keyboard... woke up with 1 bitcent. Now I've got that one back up to .2

This scenario isn't logical. For every $1 btc/usd at 20x leverage you earn or lose $20 @ $400/1btc price would have to move $340 to make 17 btc not counting trading fee's. Even with 50x leverage it would be quite difficult to turn 1btc into 17 within 36hrs

[BayAreaCoins]

I took 1btc to 16btc and then fell asleep at the keyboard... woke up with 1 bitcent. Now I've got that one back up to .2

This scenario isn't logical. For every $1 btc/usd at 20x leverage you earn or lose $20 @ $400/1btc price would have to move $340 to make 17 btc not counting trading fee's. Even with 50x leverage it would be quite difficult to turn 1btc into 17 within 36hrs

It wasn't quite 16btc... I was going to stop at 16 (prob not.)

It was with 20x leverage.

I deposited 1 more BTC on top of the first one to chase a early loss that turned out well for me.

[BitCoinPokerBro]

I took 1btc to 16btc and then fell asleep at the keyboard... woke up with 1 bitcent. Now I've got that one back up to .2

This scenario isn't logical. For every $1 btc/usd at 20x leverage you earn or lose $20 @ $400/1btc price would have to move $340 to make 17 btc not counting trading fee's. Even with 50x leverage it would be quite difficult to turn 1btc into 17 within 36hrs

It wasn't quite 16btc... I was going to stop at 16 (prob not.)

It was with 20x leverage.

I deposited 1 more BTC on top of the first one to chase a early loss that turned out well for me.

YOUR FULL OF SHIT

[BayAreaCoins]

I took 1btc to 16btc and then fell asleep at the keyboard... woke up with 1 bitcent. Now I've got that one back up to .2

This scenario isn't logical. For every $1 btc/usd at 20x leverage you earn or lose $20 @ $400/1btc price would have to move $340 to make 17 btc not counting trading fee's. Even with 50x leverage it would be quite difficult to turn 1btc into 17 within 36hrs

It wasn't quite 16btc... I was going to stop at 16 (prob not.)

It was with 20x leverage.

I deposited 1 more BTC on top of the first one to chase a early loss that turned out well for me.

YOUR FULL OF SHIT

Gtfo with your caps locks

http://pastebin.com/GJbVXSVF

http://pastebin.com/0AWAmWD3

[Bitcoins101]

I took 1btc to 16btc and then fell asleep at the keyboard... woke up with 1 bitcent. Now I've got that one back up to .2

This scenario isn't logical. For every $1 btc/usd at 20x leverage you earn or lose $20 @ $400/1btc price would have to move $340 to make 17 btc not counting trading fee's. Even with 50x leverage it would be quite difficult to turn 1btc into 17 within 36hrs

The futures price went from essentially $365 to $485 within a day or two. Case closed.