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x20 leverage in BTC, is this how it works??

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  • x20 leverage in BTC, is this how it works??

    Hello fellow members of this site,

    I am a new user and I am prohibited to create a new thread. Please help me understand how this leverage exactly works. Never used it before but I am studying cryptocurrencies exchanges and I feel ready to join. Now, those leverages I think they multiply the gain/loss factor directly.

    What I think is:
    If you open a 10x leverage position with 1 BTC, when the price goes up by 10%, you have 2 BTC. And if it goes down by 10%, you lost everything.

    But this is either incorrect, or whaleclub.co is robbing me out of my virtual money on my demo account.
    Take a look at this: https://imgur.com/a/nt3l8

    1 BTC, x20 leverage. Return = +62%, Return = +0.031 BTC.

    How do they calculate this?? It goes 62% up (and with their spread it starts with -25%) and they give only 3% more bitcoins.


  • #2
    Don't trade there. Don't trade any Brokerage. What you want is an actual bitcoin exchange where buyers and sellers decide on the price and spreads. Start out on the bitmex testnet first to get comfortable with the platform. 1 Contract is 1USD. You can adjust your contracts to suit your individual risk level. Within the platform you will see your leverage used and the available leverage to offer.
    Trade Bitcoin and other cryptocurrencies with up to 100x leverage. Fast execution, low fees, Bitcoin futures and swaps: available only on BitMEX.
    Last edited by HedgeBitcoin; 12-08-2017, 02:31 AM.
    Put the edge in your hands.
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    • #3
      I am testing it now too. I do want to learn well how to use leverage and take advantage of this bitcoin rush, and BitMex gives 100x leverage. Its much more complicated... and you cant open various positions, rather everything stacks up. Or can you?

      So what does it really to open a 10x leveraged position?

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      • #4
        Hi, It will be great news for the people who are willing to invest money on Bitcoin and wanted good amount of profit. I will also share this post with some of my friends and group member to see if anyone interested.

        Thanks!
        UFX Review
        UFX Reviews

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        • #5
          I have already found out what was wrong. In 1 BTC x20, the amount is already leveraged 20 times, the real money in it is only 0.05 BTC.

          But there is another thing I have learned on my own skin, that WhaleClub is a SCAM. My fault though. I did read https://www.whaleclub-scam.com/ and some other SCAM reports, but I thought with a thousand bucks they won´t rob me. Well they didn't rob me directly, but I didn't read and understood well their fees. They happen to have a leverage financing, which means that as long as your position is open, it is being charged every hour. After a few days its all eaten up and the position get closed.

          BTW, since I registered there, I was never able to chat, and the active users who chat and post their good results all the time in there are only few. They must be working for them I think.

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          • #6
            Originally posted by jasonpj
            Bexplus facilitates up to 100x leverage trading on BTC, ETH, LTC futures etc. If you are not familiar with cryptocurrency futures trading, you can try it with the futures trading simulator provided by Bexplus.
            Or you can use Hugo's Way for 1/100 leverage on 31 different Crypto pairs.

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            • #7
              Keep in mind that if you're trading cryptocurrency CFDs and you're in the EU leverage has been been lowered to 1:2 for everyone due to the European Securities and Markets Authority (ESMA) mandate.

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              • #8
                Originally posted by unicorn
                Triangular arbitraging has been made easy for fools like me. www.triangularfx.com the best trading platforms for dummies like me.

                another user spamming this same ad, over and over and over again. reported. pls stop. this is against the forum policies.
                “Learn from your mistakes and do not give up!”

                Outside the Box - Myfxbook
                Outside the Box - SimpleTrader Trade Copying
                Outside the Box - MQL5 Trade Copying
                Outside the Box - ZuluTrade (performance fees & trade copying)

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