How does the long and short position work on BitMEX for Bitcoin?

3 answers

• Dec 16, 2021 · 3 years ago
  Sure! When you take a long position on BitMEX for Bitcoin, it means you are betting that the price of Bitcoin will increase. In other words, you are buying Bitcoin with the expectation that its value will go up. On the other hand, when you take a short position, you are betting that the price of Bitcoin will decrease. This means you are selling Bitcoin that you don't actually own, with the intention of buying it back at a lower price in the future. Both long and short positions allow you to profit from the price movements of Bitcoin, but in different ways.
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• Dec 16, 2021 · 3 years ago
  Long and short positions on BitMEX for Bitcoin are essentially bets on the future price of Bitcoin. If you believe the price will go up, you take a long position. If you believe the price will go down, you take a short position. It's important to note that these positions are leveraged, meaning you can control a larger amount of Bitcoin with a smaller initial investment. However, leverage also increases the potential for both profits and losses. Make sure to do your research and understand the risks involved before taking any positions on BitMEX.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers long and short positions on BitMEX for Bitcoin. When you take a long position, you are essentially buying Bitcoin with the expectation that its price will increase. On the other hand, when you take a short position, you are selling Bitcoin with the expectation that its price will decrease. Both positions allow you to profit from the price movements of Bitcoin, but in different ways. It's important to carefully consider your trading strategy and risk tolerance before entering any positions on BitMEX or any other exchange.
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