Quote from: Sun2k on Today at 09:02:16 PM

Quote from: Oshosondy on Today at 08:38:39 PM

Quote from: Sun2k on Today at 08:25:03 PM

Quote from: Oshosondy on February 28, 2024, 08:08:39 PM

If bitcoin is at $60000 and you long it with 3x, the liquidation would be around $40000. If you can take the risk, you can go for it.

Hi, what calculation did you do to find the liquidation price please?

It is simple.

Bitcoin price at $60000 and you open 3x long position.

$60000 ÷ 3 = $20000

$60000 - $20000 = $40000 which is the liquidation price.

There would be a slight difference on the exchange and that is how exchanges are. You can see the liquidation price slightly closer but of very little difference from your calculation. On some exchanges, the liquidation price may be slightly be farther because the exchange keep some money for you instead of using all to open a position.

Ok thank you very much

I think that Oshosondy gave the wrong calculation and, accordingly, may mislead you. Look at how the support of the Binance exchange explains such a question to "How to Calculate Margin Liquidation Price", as an example, x3 leverage is used there, exactly what you are interested in - https://www.binance.com/en/support/faq/how-to-calculate-margin-liquidation-price-f6b010588e55413aa58b7d63ee0125ed