BitMEX is laughing their way to the bank. With your money.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: elevenbit on September 18, 2018, 12:27:33 PM

Hello Bitcoin Forum,

This is one of my only two articles on cryptocurrency. I am still a student of cryptocurrencies. Forgive me for any misinformation but let me know your thoughts!

https://medium.com/@eleven123/bitmex-is-laughing-their-way-to-the-bank-with-your-money-555dbdd841b9

Very well explained. I do hope that some newbies will read your article so that they can truly grasp what BitMex is doing for them or for the whole crypto. I do consider them as one factor that may have cause some of those little spikes and crashes in the last couple of months. The thing here is that you can lose the entire amount should the price falls by 10%. And that is the catch the newbies doesn't realized. So yes, they already seal their faith unless they have money to burn.

kabit9

full member

Activity: 853

Merit: 114

Very good article. Gives users an insight into the workings of Bitmex. Well done, lets get a response from Arthur now.

elevenbit

newbie

Activity: 2

Merit: 1

Quote from: 1Referee on September 18, 2018, 01:04:41 PM

I think you did a pretty good job for someone who hasn't even tried BitMex. It points out that you have the ability to calculate risks beforehand, which not many people can say about themselves.

BitMex is doing so well, that they can afford to settle themselves in an office that costs $5 million per year, which is mind boggling. This to me sounds rather like 'hello I'm rich now, so let me do whatever I want with my money' behavior, which isn't really convincing in my opinion. Considering that they are generating all their profits solely in Bitcoin, they are cashing out a large chunk to fiat in order to fund their expensive habits.

Thank you for the kind words. I heard some news about them relocating but didn't know about the actual cost of that office. That clears it up.

1Referee

legendary

Activity: 2170

Merit: 1427

I think you did a pretty good job for someone who hasn't even tried BitMex. It points out that you have the ability to calculate risks beforehand, which not many people can say about themselves.

BitMex is doing so well, that they can afford to settle themselves in an office that costs $5 million per year, which is mind boggling. This to me sounds rather like 'hello I'm rich now, so let me do whatever I want with my money' behavior, which isn't really convincing in my opinion. Considering that they are generating all their profits solely in Bitcoin, they are cashing out a large chunk to fiat in order to fund their expensive habits.

elevenbit

newbie

Activity: 2

Merit: 1

Hello Bitcoin Forum,

This is one of my only two articles on cryptocurrency. I am still a student of cryptocurrencies. Forgive me for any misinformation but let me know your thoughts!

https://medium.com/@eleven123/bitmex-is-laughing-their-way-to-the-bank-with-your-money-555dbdd841b9

Topic: BitMEX is laughing their way to the bank. With your money. (Read 158 times)