/biz/ - Business & Finance

When your stack equals what you owe in value you get «liquidated»
Be safe anon

>>17557292
im sorry but i dont know what liquidated means
t. brainlet

>>17557363
It means they're entitled to "liquidate" your real world assets. Car, home, lawnmower, etc.

They will use a debt collection service for this.

>>17557653
ty anon, guess i wont be doing that then

>>17557363
why don't you look it up on primexbt instead of getting joke replies here?

>>17558375
im too stupid to understand what they mean...

>>17558519
yes I know it's not that easy, but just put more effort and give it more time. don't be lazy. take it serious, it's about your money. if that doesn't help, you shouldn't really consider trading

>>17558519
Just dont do leverage Anon, you can win big but you can fuck up big time too.
Just buy stuff and hold for a whole, enjoy the bullrun and run away with your profits before the bubble pops again.

Godspeed.

>>17558519
seriously listen to this guy >>17558578
If you are not able to understand basics concepts, then you shouldn't be trading with leverage. You will lose big.

>>17557653
but they dont need KYC so they shouldnt be able to claim more money than i put in since i can be anonymous now that i think about it
>>17558578
i dont mind losing all my money but i dont want to be indebted to these sites and its unclear to me how they could take my real world posessions when i trade in bitcoin. but im too retarded too understand this

>>17558801
> i dont mind losing all my money
if it's 20 bucks then ok but are you so sure you won't really mind it? you might just not realize the actual consequences of losing your money and think it's nothing much but when it happens it will actually hurt you

> i dont want to be indebted to these sites and its unclear to me how they could take my real world posessions when i trade in bitcoin
once again, just read it on primexbt. or, in case you're sure that you're
> too retarded to understand this
forget about it right now

also I believe there's testnet on primexbt too
if there isn't, then there is one on bitmex
testnet is an exchange when you have "demo" btc account and can trade it without having to put any real money in
start with this because I see ABSOLUTELY NO sense for you to trade money, you have at least months of learning ahead of you before even trying

>>17558801
Buddy, when you are liquidated you lose the entire principal you deposited. Lets say Bitcoin is 10,000$ you go long 100x with 1 Bitcoin. If Bitcoin drops 1% you will lose your entire 1 Bitcoin. You are liquidated usually at around .5% though on most platforms to ensure they incur no losses. They don’t come after your assets, you will only lose what you deposited if the trade goes against you. And be sure it almost always will when .5% is all thats required to take all your money. Don’t do it.

>>17557214
A total scam to squeeze money out of poor and desperate people. If you have a lot of money to invest, you wouldn't need leverage.

>>17559154
well that doesnt sound too bad but with those percentages it seems more like a gamble than trading.