What is BitMEX? The Global Standard for Margin Crypto Trading

Following BitMEX’s Footsteps? Programmer Reveals Margin Trading Code In Binance’s Bitcoin Pairs

Following BitMEX’s Footsteps? Programmer Reveals Margin Trading Code In Binance’s Bitcoin Pairs submitted by ThrillerPodcast to thrillerpodcast [link] [comments]

Following BitMEX’s Footsteps? Programmer Reveals Margin Trading Code In Binance’s Bitcoin Pairs - newsBTC

Following BitMEX’s Footsteps? Programmer Reveals Margin Trading Code In Binance’s Bitcoin Pairs - newsBTC submitted by ulros to fbitcoin [link] [comments]

Following BitMEX's Footsteps? Programmer Reveals Margin Trading Code In Binance's Bitcoin Pairs

Following BitMEX's Footsteps? Programmer Reveals Margin Trading Code In Binance's Bitcoin Pairs submitted by leftok to atbitcoin [link] [comments]

Derivative Market Landscape: Daily Trading Volume Over $20 billion and Leveraged ETF Becoming New Growth Point

Exchanges are always in the front line of innovative products. There have emerged such new products and playing methods as IEO, delivery contract, margin trading, futures, leveraged ETF, staking service, etc. since 2019, which injects vitality to the crypto-market and becomes the powerhouse for the innovative development of the blockchain industry.
Compared to the marketing/operation methods with short period effect, derivatives in cryptocurrency market is the most potent weapons that will last a long period. The derivatives are going to a higher level as its trading volume increases day by day. Therefore, the derivatives are becoming another main battlefield that every exchange want to conquer.
PAData analyzed the trading data of the top 5 exchanges with largest market shares on contracts and the 2 exchanges that first rolled out leveraged ETF, to have a look at the performance of derivatives among different exchanges, as well as the product iteration logics in crypto-market.
01
Crypto-market Mimics the Traditional Financial Market
First, the top-layer design of supervision policy makes the crypto-market similar to traditional financial market. Regulators often formulate relevant supervision policies for crypto market based on the rules for traditional financial assets and financial risks as the crypto-market is a newly born behind the traditional finance market, “For example, the licenses for the digital-asset industry often evolve from the traditional ones and become the specific supervision licenses for the industry.” said by an entrepreneur in crypto world with traditional finance background.
Second, the roles of participants in crypto market is also similar to traditional financial market. Except for the different exchanges that take up the lion share of the market, the professional broker, custody institution, loan/lending platform, dark pool, etc. have all emerged.
Third, what crypto market learns most from the traditional market is the product design. The new project subscription, futures, leveraged ETF, contract in the newly-born crypto market are all coming from traditional market. Take leveraged ETF on MXC Exchange as an example. Learned from the ETF mechanism in traditional market, MXC leveraged ETF tracks the daily movement of the crypto underlying asset with 3 times leverage. For instance, if the underlying asset rises 1%, the corresponding ETF products will rise/fall 3%. Essentially, investing on leveraged ETF is similar to purchasing futures fund with leverage. At the moment, MXC launched 3x leveraged ETF products for BTC, ETH, BSV, BNB and other top market cap coins.
Last but not the least, the derivatives, like IEO, ILO, perpetual contract are also coming from traditional market. Are these derivatives suitable for the crypto market? What are their trading volumes?
02
Differential Competitive Edge Among Exchanges
Presently, the main derivative in crypto market is contract, including delivery contract, perpetual contract and some futures contract. Besides, ETF (1x leverage) and leveraged ETF are catching up, taking up some market shares. PAData, based on the ranking list of CoinGekco, picked the top 10 exchanges with largest trading volumes on derivatives to analyze their advantages.
According to stats, 8 among 10 exchanges have business on perpetual contract. FTX, a derivative exchange, has the largest number of perpetual contracts of 30, followed by Gate.io and Binance with 23 and 18 respectively. 7 exchanges roll out delivery contract where OKEx has a total of 135, more than two times of the second place – FTX’s 60 delivery contracts. In addition, Kraken and Huobi DM also launch some delivery contracts.
As an emerging product, only 2 exchanges involve business on leveraged ETF, but the total number of leveraged ETF products has exceeded that of the perpetual contracts. FTX launched 111 ETF pairs, while MXC listed 30 as of December last year. MXC Exchange is famous for “Efficient and Fast”. It can be predicted that more leveraged ETF products will be listed in the near future.
From the allocation of derivatives among exchanges, we can see the differential competitive edge for derivatives has shaped. OKEx is robust on delivery contract, Huobi lays focus on delivery contract, Binance aims for perpetual contract, and MXC seeks development on leveraged ETF.
03
Daily Trading Volume for Contract Over $20 billion
According to the sectional static data of CoinGekco on February 12, OKEx, Huobi, BitMEX, Binance and Deribit are the top 5 exchanges with largest amount of open positions in 24 hours. The total opening positions on OKEx ranked first with amount reaching $1.846 billion. Huobi and BitMEX closely followed with amount over $1 billion respectively. These three exchanges take lions share in the contract market. While the 24h opening position amount on Binance and Deribit is about $400 million respectively, far lower than the top 3 exchanges.
The total amount of opening position for contract is one of the criteria to judge the activeness and liquidity of the contract market, the other is the daily trading volume. According to stats, the 24h nominal trading volume among 25 exchanges breaks the mark of $27.533 billion, among which the trading volume on OKEx, Huobi, BitMEX, Binance and Deribit accounts for 73%, taking most of the contract market.
Though the stats for the 24h opening position amount and the trading volume includes the margin trading, we still can learn that the contract trading volume on some exchanges is very close to that of the spot trading. It fully indicates how popular the contract trading is.
04
Maximum leveraged ETF yields up to 2000%
Although futures trading is very popular, but they are not very friendly to investors. Investors need to master some practical skills, and once the position is closed-out, the losses will be quite tragic. For example, on the evening of February 13, when BTC dropped from about $ 10,200 to about $ 10,100, according to the statistics of the contract emperor, there were a total of 13,400 accounts went close out in just 24 hours, and the total amount of positions in 1 hour reached 82.31 million. Futures have become a weapon for the capitals and make most of us look like a fool.
The high operating threshold and high risk of cryptocurrency investment have always been an important factor hindering cryptocurrencies to enter the mainstream market. In order to find new increments, the exchange has been exploring low-operation threshold, low-risk, high-yield products, this is the inherent logic and motivation for the development of cryptocurrency derivatives. For example, the leveraged ETF launched by MXC is in line with this trend. Investors can buy leveraged ETFs on MXC just as they would for spots, without paying a deposit, and without having to take the risk of liquidation. They can also receive compound interest returns. MXC also incorporates 100% of fee income into its monthly plan to repurchase and burn MX tokens, forming positive investment feedback for the exchange's internal product system.
At present, there are only two exchanges that launch leveraged ETF products on the market: FTX and MXC. According to CoinGekco's statistics, the 24-hour estimated total transaction value (USD) of the two exchanges is close to 4 million US dollars. The single-day estimated total transaction amount of each leveraged ETF product is approximately $ 3.7843 million, and the single-day estimated total transaction amount of 111 leveraged ETF products listed on FTX is approximately $ 3.9346 million.
The average daily trading volume of the top 10 trading pairs on MXC ETF product is approximately $ 320,500, with the highest daily trading volume being 3 times long BSV leverage ETF, reaching $ 529,300. The average daily trading volume of the top 10 trading pairs on FTX ETF product is approximately $ 173,900, with the highest daily trading volume being 3 times long BTC leveraged ETF, which reached $ 326,500. Excluding the impact of the number of products, the estimated daily trading volume of a single leveraged ETF product on MXC is definitely higher.
It can be found that the trading volume of a leveraged ETF with a 3x long position is much higher than that of a leveraged ETF with a 3x short position. The 10 trading pairs with the most trading volume on MXC are all 3x long trading pairs. 9 out of 10 the trading pairs on FTX are also all 3 times long trading pairs, which shows that the current market sentiment is mainly bullish.
In addition, the top ten trading pairs on MXC with the largest trading volume are mainly production reduction tokens and platform tokens, which are more consistent with the current mainstream capital flows. This reflects the best applicable scenario of leveraged ETF, that is, in unilateral or trend markets, the performance and advantages of leveraged ETF will be very obvious, and investors often can receive returns higher than the leverage multiple.
According to statistics, the highest average return [1] of the ten leveraged ETF trading pairs with the highest trading volume on MXC is 611.14%, the lowest average return is -25.8%, and the current average return is 428.96%. Among them, the 3 times long BSV has the highest return to 1998.60% on USV3L / USDT trading pair .
However, FTX's leveraged ETF returns are much lower. The highest average return of the top ten trading pairs is 141.94%, the lowest average return is -90.07%, and the current average return is -2.98%. Among them, the highest return is 3 time short BSV trading pair BSVBEAR / USD yields about 591.38%.

The leveraged ETF products of the two exchanges have huge differences in returns. In addition to currency differences, the factors that affect the returns also include the exchange's risk control system and team configuration. According to the publicly disclosed data of MXC, the leveraged ETF of MXC is managed by the platform or a fund manager recognized by the platform, and the platform announces the fund's net value in real time in order to maintain a high degree of transparency and control risks.
05
The traceability of leveraged ETF’s target has a lot of room to grow
According to statistics, the average daily trading volume of all leveraged ETF trading pairs on the two exchanges is about 21% of the spot [2] single-day trading volume, MXC is around 22.44%, and FTX [3] is around 19.96% . Although the leveraged ETF has not been available for a very long time, its market share are already become significant.
At present, the asset tracked by the leveraged ETF is still a single token. However, in the traditional financial field, the underlying assets tracked by ETF already include stock indexes, style indexes, industry indexes, commodity indexes, currencies, commodities and more. In the future, the innovation of leveraged ETF in the cryptocurrency market can be used in many assets. For instance, only at the underlying level of assets, indexes and currency combinations will all be included.
Competition between exchanges is very fierce. In this case, each exchange must not only compete for products, services, and marketing, but also for updating speed, especially for product innovation and iteration speed. For example, MXC is faster than FTX to launch some much more popular investment targets like reduced production tokens and platform tokens. In addition, in terms of the current competitive situation, first come, first served may become the norm in the market, such as the advantages of OKEx in the futures field and the advantages of MXC in the leveraged ETF field.
Data Explanation:
[1] Here the highest income refers to the instantaneous return from the daily opening price to the highest price, the lowest income refers to the instantaneous return from the daily opening price to the lowest instant price, and the current income refers to the opening price from the daily level to the closing price on February 12. Instantaneous return. Revenue statistics are for reference only and do not constitute investment advice.
[2] Although FTX is a derivative exchange, according to CoinGekco's statistics, ETFs, leveraged ETFs, and other trading pairs (non-futures contracts) are recorded as spot, so the "spot" statistical caliber here is the transactions of non-futures in CoinGekco Correct.
[3] The statistics of FTX leveraged ETFs here excludes 1x leveraged trading pairs.
submitted by SimonZhu666 to MXCexchange [link] [comments]

Im leaving poloniex and looking for another site to do my day trading what are some good options

As of today im only trading BTC and yes i do have a wallet where i store my btc its not all on poloniex. idk how i came to find this out now but polo is stealing money from users and that aint cool so im looking for another site to use for trading, perferably one with low fees since i have a small amount od dollars that im trading. I dont have any BTC on poloniex only dollars how can i transfer those dollars to another website and start my day trading over there? And what are some good sites? I have an account on binance but i made that a long time ago and i dont how to use their system. I hear alot about coinbase they seem reliable and popular i also have bisq on my computer but i havent set that up yet. im new so please be respectful
submitted by majinkazekage to Bitcoin [link] [comments]

Bitcoin and cryptocurrency trading strategy in a panic on the coronavirus.

Bitcoin and cryptocurrency trading strategy in a panic on the coronavirus.
The upcoming problems with banks and the Fed’s money printing are excellent opportunities for cryptocurrencies and blockchain projects. Incredible events are taking place in the stock market, the fastest falling markets in history, the spread of coronavirus in the United States and the likely risk of falling consumer demand, lower consumption and, as a result, recession.
Analysis in such conditions becomes impossible, the position of traders is removed from the market. The Fed’s cash infusion is $ 1.5 trillion per month and the base rate is reduced, as a result, money is poured into the market in order to stop the market from falling, but this may not be enough.

Oil war

In addition, a trade oil war was added to the coronavirus, and this could cause serious problems for US shale oil companies, whose production costs are $ 30–40. The US oil sector is sitting on a wild leverage, and as a result, banks that lend to them can start problems. Thus, is it possible to say that this is perhaps the best moment for cryptocurrency projects that can be competitive in comparison with the banking sector? Well, we still have to find out.

The fall of Bitcoin and the entire cryptocurrency market

Bitcoin’s collapse was stronger than the stock market for several reasons. Well, firstly, the correlation between the S&P 500 index and Bitcoin reached 1. If earlier Bitcoin was associated as a protective asset and did not have a pronounced correlation, now all markets have started to fall during a mass panic. By the way, you can check the correlation of your crypto portfolio for free at Holderlab.io

Bitcoin and S&P500 correlation

The search for liquidity as the beginning of accelerating the fall of cryptocurrencies

The reasons for the strong current decline in the cryptocurrency market may be due to the fact that stock market traders were looking for liquidity in order to maintain margin requirements. In this case, liquidity was sought in risky assets, those Bitcoins and cryptocurrencies, perhaps some traders went completely into the dollar. This is where the first wave of decline in the cryptocurrency market began.

Bitmex Margin Trading

The incoming wave from the reduction of positions in Bitcoin from stock market traders has demolished the position of margin traders on Bitmex. As a result, $ 500 million in long positions were liquidated in an hour, and it remains to be seen how many were liquidated for other trading pairs.

BitMEX XBTUSD Liquidations data from skew.com
As a result, we saw a drop up to $ 3800. A great lesson for those who trade with leverage.
Another curious fact is that cryptocurrency exchanges do not have mechanisms to stop trading, as we saw in the stock markets when there was a limit down on S&P500.

Trading Bitcoin Futures on CME

In anticipation of the elimination of margin positions on Bitmex and other crypto exchanges. Starting February 25, there was an active closing of long positions in Bitcoin futures and opening short positions on the Chicago Mercantile Exchange. Which also influenced the fall of bitcoin as a whole. Cryptocurrency exchange margin traders have become a blast wave for the fall of Bitcoin.

Cryptocurrency trading strategy in a panic situation

Already today cryptocurrencies are sold at a significant discount, but now we are forced to monitor the dynamics of the S & P500 index and the general news background, which can affect the price of Bitcoin. However, in our opinion, the best moment for the Bitcoin HODL is probably coming. Today we see a good discount before the upcoming halving.

Halving zone
Do not expect the best price, it is almost impossible to catch, if it is possible to place pending orders this is good, today you can slowly buy current prices.
Trade managing your risks and do not rely only on luck and leverage.
submitted by holderlab to Bitcoin [link] [comments]

Survivors of market disasters: In this disaster, some people actually made money

There is no need to repeat the tragic market. Various historical figures are present, and they all reveal a signal: this disaster is like an earthquake with no warning signs. The victims are everywhere, and the survival is a fluke.
But in this disaster, there are still people who make money.
If you still have the impression, on August 23 of last year, there was a problem with Amazon AWS 'server in Japan, which caused the products using the region's services to be affected to varying degrees, including the cryptocurrency trading platform. After discovering a problem with Binance using AWS, the user's deposit and withdrawal were suspended, but the trading platform using the Binance Quotation API failed to take timely measures, resulting in loopholes in market makers' strategies.
That day, while Bitcoin was still steadily maintained at 10,000 USD, some users bought Bitcoin at a unit price of 0.32 USD, and when there was almost no fluctuation in the market, they used the mistake of the server to add western food for the night. A bottle of champagne.
In this disaster after 5 months, some people still use the environment to find a way to survive.
Ethereum 0 dollar purchase?
A $ 0 purchase of Ethereum happened on March 13. The market plummeted, many mortgagors' positions were exploded, and ETH fell from $ 180 to less than $ 100 without resistance. The decentralized Defi market that depends on the value of ETH is naturally not immune, such as the MakerDAO platform. MakerDAO's borrowing logic is that users over-collateralize ETH to lend USD stablecoin DAI, but when the value of ETH fell rapidly, a large number of loans fell below the threshold and the system had to be liquidated. In other words, the user's loan was not repaid. Mortgage of ETH is also not available.
So MakerDAO has a bad debt, the amount exceeds USD 4 million. In order to repay this bad debt, MakerDAO chooses to auction the collateral, that is, ETH, BAT, etc., and uses the stable currency DAI to bid. They need to use the auction proceeds to obtain repay loan.
Under normal circumstances, such auctions are not too accidental. The feeding system reports the current price of ETH, and the bidders will probably trade at a price slightly lower than the market price.
However, the background of this auction is the market's plunge. The transaction caused investors to intensive operations, which blocked the Ethereum network. It takes far more than usual gas fees to allow the miners to confirm the transfer as soon as possible.
According to the browser, on the morning of the 13th, if only 44 gwei is used, the transfer confirmation time on the Ethereum network will take 72958 seconds, which is 20 hours.
The MakerDAO debt auction on the Ethereum network has also been affected. The blockage of the network has prevented bidders with low gas costs from bidding in time, which caused participants to bid 0 DAI / ETH to drop the hammer.
It can also be seen from the transaction records that the auction of 0 DAI was indeed successful. These lucky bidders only paid a transfer fee of US $ 1 and transferred 0 amount to obtain an ETH worth US $ 122 at the time.
These people are undoubtedly fortunate. The external environment helped them to become the only game participants. The exchange of $ 1 for $ 120 and a profit of 11900% was much higher than the odds of players who risked bottom-swinging in fluctuations.
However, from another perspective, MakerDAO's auction is to use the DAI obtained from the auction to pay off debts. However, due to network congestion, this situation has caused several free gifts, and MakerDAO's debt repayment is even worse.
Pick up goods by luck
If it is said that MakerDAO launches the auction, it is a helpless action of the team under extreme conditions. Bidders still need a bit of technical barriers to participate, but there is nothing to worry about, and there is almost no difficulty and cost.
On the evening of March 12, investors discovered that the LINK / USDT trading pair of the Binance trading platform experienced a short-term flash collapse and once fell to the bottom 0.0001 USD. What's going on?
Twitter netizens then asked Zhao Changpeng about the matter, and the latter's response was a shock. It turned out that someone had already launched the LINK trading pair as early as Binance, that is, on January 16 last year, a low was hung within 8 seconds after the real-time trading was opened. Price list, but it has not been closed because no fool will sell it at this price.
Unexpectedly, more than a year later, this pending order was sold "strangely". "At that time we had no price range restrictions. We will not cancel user orders." Zhao Changpeng said that the platform will not deny this order because the operation is completely reasonable.
It will not be rolled back for various reasons. In other words, even if LINK has experienced a large decline recently, at the current price of 2.3 US dollars, the profit of this transaction will exceed 2 million US dollars. US dollars, then he instantly won nearly 5 million US dollars.
The cost of 100 dollars, the income of 2.4 million dollars, a real profit.
In fact, similar examples of this kind of luck are not rare in the crypto industry. Except for Binance and the previous examples, BitMex and OKEx have also experienced similar situations, and more than once.
For example, on December 6, 2017, Binance's XRP / BTC trading pair experienced a breakdown of the list. In a very short period of time, the XRP price was oversold to 0.0000002 BTC, which is basically negligible. On January 29, 2018, the price of the ADA contract on BitMEX also fell to 0.00000005 US dollars, which was also nearly 0; another trading platform, OKEx, also saw a large amount of 0.002 USD on January 14, 2018. Case, according to the official statement at that time, "a certain trader" quickly sold a large amount of ETH through market orders within 12 minutes. Interestingly, at the time, some people analyzed that "a certain trader" was actually an official market-making robot, and "a large amount" of 100 million Ethereum was eventually sold for 20 dollars.
However, for ordinary people, if you want to encounter this kind of opportunity for leak detection, unless you are bored and place an order in advance, such a price is fleeting, and you ca n’t seize the opportunity simply by hand speed. In fact, at present, many trading platforms have actually adopted corresponding price amplitude filters, which specify the maximum / minimum price range of pending order prices. Oolong trading is very rare. Even if luck hits and catches up, it is very likely that the platform will intervene and the transaction will be rolled back. This situation has not happened before.
Only this time, the trader who had placed an order on Binance for more than a year, even if he successfully leaked and successfully withdrew the coin, it can only be said that he hit the Grand Canal.
Safe moving of bricks
Buying a certain kind of token on a crypto trading platform, and then selling the token to another trading platform, earning the price difference is a moving brick in the crypto circle. Moving bricks has been an arbitrage behavior since the birth of the transaction. It belongs to a very old business. Arthur, the founder of BitMex, who now operates a trading platform, and Xu Mingxing of OKEx, were once members of the army of moving bricks. . This kind of brick moving was the most prosperous at the end of 2017. At that time, trading platforms such as Bithumb in South Korea also called the "Kimchi premium" due to the price difference between other platforms. Moving bricks is a kind of risk-free arbitrage. Players use energy to gain profits, although the single profit is not much. However, with the maturity of trading robots and quantitative trading teams, the spread of tokens between multiple regions or platforms is often wiped out in a matter of seconds. Therefore, the profit margin of manually moving bricks is now very small.
Of course, it is not to say that there is no opportunity. Such an opportunity to make money is indeed hidden under the volatile market.
"Buy at a low price and sell at a high price, this is simply the most secure way to make money in a plunging market!" Investors are excited about cryptography. Starting at 6:30 pm on March 12, cryptocurrencies have experienced sharp fluctuations, while Binance and Huobi When the bitcoin spread between the three trading platforms and OKEx was the largest, it even reached more than 700 US dollars. The discerning player quickly discovered the opportunity, "For half an hour, I made more than 10,000 with a principal of 20,000 yuan. Such an opportunity is usually not available."
Buy and sell orders executed by the above investors at almost the same time, with a spread of nearly $ 450
When it comes to moving bricks, time is money. It is definitely too late to shuttle between multiple trading platforms. Many investors have now transferred the "battlefield" to the platform that focuses on aggregated trading. "The aggregated trading platform integrates the depth of multiple platforms. As long as there is a price difference between supported platforms, users only use One account can be bought and sold on multiple platforms, and it can be operated in a few seconds. "Wu Ling, who seized the opportunity from the extreme market in these two days, made nearly 50,000 by moving bricks in just a few hours. Yuan, the principal is no more than tens of thousands of yuan.
It is understood that there are already multiple platforms targeting the aggregate trading business on the market, and the opportunity to move bricks does not often appear, unless similar to the extreme market appearing in the past few days, or some unique tokens, there may be soaring and plunging. Opportunities, as a whole, are not met a few times a year, and they are fleeting.
However, whether it is MakerDAO auctions, ultra-low-priced pending order transactions, or arbitrage moving bricks under the new situation, these opportunities to make money are actually small probability and cannot be used as conventional investment methods.
These seemingly easy profits are in the end a few people. Many people are trapped in extreme quotes in stuns. Most investors have no assets left on the trading platform overnight.
Maybe this also makes many investors lose confidence in the industry, but in fact, in the face of such a market, after finishing our mood, we are more learning from changes.
Learn the reasons for this disaster, learn the logic of the main control panel, learn what signals were ignored before the disaster, and prepare for the next time. At the same time, we can also see the development of the industry. For example, when all centralized trading platforms are down, DEX can still be implemented despite various problems.
I hope that everyone still has confidence in the blockchain and cryptocurrency industries. Finally, I would like to remind everyone that the recent market changes are unpredictable. Please pay attention to risks and exercise caution.
submitted by FmzQuant to u/FmzQuant [link] [comments]

The Absolute Fucking Impossibility of Reporting Taxes On This Shit

EDIT: PLEASE STOP ASKING ME FOR DAY-TRADING TIPS. LEARN BY DOING.
I'm in the US. I day-trade cryptocurrencies and have made tens of thousands of orders across many pairs and exchanges (and have made substantially more than I would have by just "hodl xd", even with short-term penalty added, thank you very much). Uncle Sam wants his pie. Okay, fine. I know exactly how much I've made by simply tallying the deposits and withdrawals from by bank to my fiat gateways, and I'm willing to be taxed on that, but...
The IRS expects me to report every single transaction on a form with each interval gain and loss step reported in USD. Every single one of my tens of thousands of orders and partial trades, most of which having no actual valuation or realization in USD, yet somehow I'm expected to calculate the imaginary USD gain/loss of each when BTC/USD fluctuates by whole percents every other minute on the reference fiat exchange (GDAX, say). No matter what painstaking diligence is paid to reporting the notional USD gain/loss for every alt pair and perpetual swap trade by cross-referencing those irrelevant data points, I will inevitably end up with a totally fictional sequence of numbers that deviates significantly from my known, actual USD gain from what hit my fucking bank and what is presently on my exchange accounts. This especially when transaction and trading and funding fees are taken into account, as well as the nightmare of slippage and partial fills.
Also Bittrex completely wiped out my trade history, and everyone else's from what I hear, but my deposits/withdrawals are still there and that should really be all that matters (but not to the IRS apparently). I also had a stint on poswallet.com, same situation.
Now here's the mind-melting part: I use BitMEX. I've made most of my gains from there. (Yes, I know that US customers are ostensibly disallowed by BitMEX from using BitMEX, but we all know this is lip service, and it is not illegal in itself by US law to violate a site's T&S, and honestly BitMEX rocks so hard I'd be willing to set up an offshore company to keep using it). The IRS virtual currency guidance defines cryptocurrency as "property" and seems to concern itself with "exchange of virtual currency for other property", which is taxable. Okay, but is a perpetual swap or futures contract taxable? How is it possible to calculate the "cost basis" of a BitMEX position, where posted margin can arbitrarily and dynamically scale? No actual buying or selling of bitcoin occurs on BitMEX, so how is it taxable? How is it reportable? How?
How the fuck do I even report any kind of short position on Form 8949? This would apply to Poloniex and Bitfinex as well.
The IRS stipulates different (and highly favorable) tax rules for conventional futures trading, such as the 60/40 rule, where as I understand it 60 percent of futures gains are considered long-term and 40 percent are considered short-term, as marked-to-market. Would this apply to BitMEX futures as well? And how about when, at the end, you withdraw your bitcoin from there and it becomes "property" again to sell for fiat?
Even if I went to a tax attorney or CPA, as I intend to do, would they know more than me what with the terribly incomplete guidance the IRS has given about all this? Nevermind the logistical insanity of the step-by-step fictional USD conversion process. And forget about bitcoin.tax; they don't handle BitMEX or any kind of serious trading activity.
I've made a lot of money. I'm fine with being taxed fairly on my net gain. But the IRS has not adequately addressed the problems I have described in their guidance. What the hell do I do?
submitted by IshizakaLand to CryptoCurrency [link] [comments]

Beginner’s Guide to BitMEX

Beginner’s Guide to BitMEX

https://preview.redd.it/fl5e0q7i3cc41.jpg?width=1024&format=pjpg&auto=webp&s=445485d722839a9adc1ae13db4c965b0ae3e67b7
Founded by HDR Global Trading Limited (which in turn was founded by former bankers Arthur Hayes, Samuel Reed and Ben Delo) in 2014, BitMEX is a trading platform operating around the world and registered in the Seychelles.
Meaning Bitcoin Mercantile Exchange, BitMEX is one of the largest Bitcoin trading platforms currently operating, with a daily trading volume of over 35,000 BTC and over 540,000 accesses monthly and a trading history of over $34 billion worth of Bitcoin since its inception.

https://preview.redd.it/coenpm4k3cc41.jpg?width=808&format=pjpg&auto=webp&s=8832dcafa5bd615b511bbeb6118ef43d73ed785e
Unlike many other trading exchanges, BitMEX only accepts deposits through Bitcoin, which can then be used to purchase a variety of other cryptocurrencies. BitMEX specialises in sophisticated financial operations such as margin trading, which is trading with leverage. Like many of the exchanges that operate through cryptocurrencies, BitMEX is currently unregulated in any jurisdiction.
Visit BitMEX

How to Sign Up to BitMEX

In order to create an account on BitMEX, users first have to register with the website. Registration only requires an email address, the email address must be a genuine address as users will receive an email to confirm registration in order to verify the account. Once users are registered, there are no trading limits. Traders must be at least 18 years of age to sign up.
https://preview.redd.it/0v13qoil3cc41.jpg?width=808&format=pjpg&auto=webp&s=e6134bc089c4e352dce10d754dc84ff11a4c7994
However, it should be noted that BitMEX does not accept any US-based traders and will use IP checks to verify that users are not in the US. While some US users have bypassed this with the use of a VPN, it is not recommended that US individuals sign up to the BitMEX service, especially given the fact that alternative exchanges are available to service US customers that function within the US legal framework.
How to Use BitMEX
BitMEX allows users to trade cryptocurrencies against a number of fiat currencies, namely the US Dollar, the Japanese Yen and the Chinese Yuan. BitMEX allows users to trade a number of different cryptocurrencies, namely Bitcoin, Bitcoin Cash, Dash, Ethereum, Ethereum Classic, Litecoin, Monero, Ripple, Tezos and Zcash.
The trading platform on BitMEX is very intuitive and easy to use for those familiar with similar markets. However, it is not for the beginner. The interface does look a little dated when compared to newer exchanges like Binance and Kucoin’s.
Once users have signed up to the platform, they should click on Trade, and all the trading instruments will be displayed beneath.
Clicking on the particular instrument opens the orderbook, recent trades, and the order slip on the left. The order book shows three columns – the bid value for the underlying asset, the quantity of the order, and the total USD value of all orders, both short and long.
The widgets on the trading platform can be changed according to the user’s viewing preferences, allowing users to have full control on what is displayed. It also has a built in feature that provides for TradingView charting. This offers a wide range of charting tool and is considered to be an improvement on many of the offering available from many of its competitors.
https://preview.redd.it/fabg1nxo3cc41.jpg?width=808&format=pjpg&auto=webp&s=6d939889c3eac15ab1e78ec37a8ccd13fc5e0573
Once trades are made, all orders can be easily viewed in the trading platform interface. There are tabs where users can select their Active Orders, see the Stops that are in place, check the Orders Filled (total or partially) and the trade history. On the Active Orders and Stops tabs, traders can cancel any order, by clicking the “Cancel” button. Users also see all currently open positions, with an analysis if it is in the black or red.
BitMEX uses a method called auto-deleveraging which BitMEX uses to ensure that liquidated positions are able to be closed even in a volatile market. Auto-deleveraging means that if a position bankrupts without available liquidity, the positive side of the position deleverages, in order of profitability and leverage, the highest leveraged position first in queue. Traders are always shown where they sit in the auto-deleveraging queue, if such is needed.
Although the BitMEX platform is optimized for mobile, it only has an Android app (which is not official). There is no iOS app available at present. However, it is recommended that users use it on the desktop if possible.
BitMEX offers a variety of order types for users:
  • Limit Order (the order is fulfilled if the given price is achieved);
  • Market Order (the order is executed at current market price);
  • Stop Limit Order (like a stop order, but allows users to set the price of the Order once the Stop Price is triggered);
  • Stop Market Order (this is a stop order that does not enter the order book, remain unseen until the market reaches the trigger);
  • Trailing Stop Order (it is similar to a Stop Market order, but here users set a trailing value that is used to place the market order);
  • Take Profit Limit Order (this can be used, similarly to a Stop Order, to set a target price on a position. In this case, it is in respect of making gains, rather than cutting losses);
  • Take Profit Market Order (same as the previous type, but in this case, the order triggered will be a market order, and not a limit one)
The exchange offers margin trading in all of the cryptocurrencies displayed on the website. It also offers to trade with futures and derivatives – swaps.

Futures and Swaps

A futures contract is an agreement to buy or sell a given asset in the future at a predetermined price. On BitMEX, users can leverage up to 100x on certain contracts.
Perpetual swaps are similar to futures, except that there is no expiry date for them and no settlement. Additionally, they trade close to the underlying reference Index Price, unlike futures, which may diverge substantially from the Index Price.
BitMEX also offers Binary series contracts, which are prediction-based contracts which can only settle at either 0 or 100. In essence, the Binary series contracts are a more complicated way of making a bet on a given event.
The only Binary series betting instrument currently available is related to the next 1mb block on the Bitcoin blockchain. Binary series contracts are traded with no leverage, a 0% maker fee, a 0.25% taker fee and 0.25% settlement fee.

Bitmex Leverage

BitMEX allows its traders to leverage their position on the platform. Leverage is the ability to place orders that are bigger than the users’ existing balance. This could lead to a higher profit in comparison when placing an order with only the wallet balance. Trading in such conditions is called “Margin Trading.”
There are two types of Margin Trading: Isolated and Cross-Margin. The former allows the user to select the amount of money in their wallet that should be used to hold their position after an order is placed. However, the latter provides that all of the money in the users’ wallet can be used to hold their position, and therefore should be treated with extreme caution.
https://preview.redd.it/eg4qk9qr3cc41.jpg?width=808&format=pjpg&auto=webp&s=c3ca8cdf654330ce53e8138d774e72155acf0e7e
The BitMEX platform allows users to set their leverage level by using the leverage slider. A maximum leverage of 1:100 is available (on Bitcoin and Bitcoin Cash). This is quite a high level of leverage for cryptocurrencies, with the average offered by other exchanges rarely exceeding 1:20.

BitMEX Fees

For traditional futures trading, BitMEX has a straightforward fee schedule. As noted, in terms of leverage offered, BitMEX offers up to 100% leverage, with the amount off leverage varying from product to product.
However, it should be noted that trading at the highest leverages is sophisticated and is intended for professional investors that are familiar with speculative trading. The fees and leverage are as follows:
https://preview.redd.it/wvhiepht3cc41.jpg?width=730&format=pjpg&auto=webp&s=0617eb894c13d3870211a01d51af98561907cb99

https://preview.redd.it/qhi8izcu3cc41.jpg?width=730&format=pjpg&auto=webp&s=09da4efe1de4214b0b5b9c7501aba5320e846b4c
However, there are additional fees for hidden / iceberg orders. A hidden order pays the taker fee until the entire hidden quantity is completely executed. Then, the order will become normal, and the user will receive the maker rebate for the non-hidden amount.

Deposits and Withdrawals

BitMEX does not charge fees on deposits or withdrawals. However, when withdrawing Bitcoin, the minimum Network fee is based on blockchain load. The only costs therefore are those of the banks or the cryptocurrency networks.
As noted previously, BitMEX only accepts deposits in Bitcoin and therefore Bitcoin serves as collateral on trading contracts, regardless of whether or not the trade involves Bitcoin.
The minimum deposit is 0.001 BTC. There are no limits on withdrawals, but withdrawals can also be in Bitcoin only. To make a withdrawal, all that users need to do is insert the amount to withdraw and the wallet address to complete the transfer.
https://preview.redd.it/xj1kbuew3cc41.jpg?width=808&format=pjpg&auto=webp&s=68056f2247001c63e89c880cfbb75b2f3616e8fe
Deposits can be made 24/7 but withdrawals are processed by hand at a recurring time once per day. The hand processed withdrawals are intended to increase the security levels of users’ funds by providing extra time (and email notice) to cancel any fraudulent withdrawal requests, as well as bypassing the use of automated systems & hot wallets which may be more prone to compromise.

Supported Currencies

BitMEX operates as a crypto to crypto exchange and makes use of a Bitcoin-in/Bitcoin-out structure. Therefore, platform users are currently unable to use fiat currencies for any payments or transfers, however, a plus side of this is that there are no limits for trading and the exchange incorporates trading pairs linked to the US Dollar (XBT), Japanese Yen (XBJ), and Chinese Yuan (XBC).
BitMEX supports the following cryptocurrencies:
  • Bitcoin (XBT)
  • Bitcoin Cash (BCH)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Litecoin (LTC)
  • Ripple Token (XRP)
  • Monero (XMR)
  • Dash (DASH)
  • Zcash (ZEC)
  • Cardano (ADA)
  • Tron (TRX)
  • EOS Token (EOS)
BitMEX also offers leverage options on the following coins:
  • 5x: Zcash (ZEC)
  • 20x : Ripple (XRP),Bitcoin Cash (BCH), Cardano (ADA), EOS Token (EOS), Tron (TRX)
  • 25x: Monero (XMR)
  • 33x: Litecoin (LTC)
  • 50x: Ethereum (ETH)
  • 100x: Bitcoin (XBT), Bitcoin / Yen (XBJ), Bitcoin / Yuan (XBC)

Trading Technologies International Partnership

HDR Global Trading, the company which owns BitMEX, has recently announced a partnership with Trading Technologies International, Inc. (TT), a leading international high-performance trading software provider.
The TT platform is designed specifically for professional traders, brokers, and market-access providers, and incorporates a wide variety of trading tools and analytical indicators that allow even the most advanced traders to customize the software to suit their unique trading styles. The TT platform also provides traders with global market access and trade execution through its privately managed infrastructure and the partnership will see BitMEX users gaining access to the trading tools on all BitMEX products, including the popular XBT/USD Perpetual Swap pairing.
https://preview.redd.it/qcqunaby3cc41.png?width=672&format=png&auto=webp&s=b77b45ac2b44a9af30a4985e3d9dbafc9bbdb77c

The BitMEX Insurance Fund

The ability to trade on leverage is one of the exchange’s main selling points and offering leverage and providing the opportunity for traders to trade against each other may result in a situation where the winners do not receive all of their expected profits. As a result of the amounts of leverage involved, it’s possible that the losers may not have enough margin in their positions to pay the winners.
Traditional exchanges like the Chicago Mercantile Exchange (CME) offset this problem by utilizing multiple layers of protection and cryptocurrency trading platforms offering leverage cannot currently match the levels of protection provided to winning traders.
In addition, cryptocurrency exchanges offering leveraged trades propose a capped downside and unlimited upside on a highly volatile asset with the caveat being that on occasion, there may not be enough funds in the system to pay out the winners.
To help solve this problem, BitMEX has developed an insurance fund system, and when a trader has an open leveraged position, their position is forcefully closed or liquidated when their maintenance margin is too low.
Here, a trader’s profit and loss does not reflect the actual price their position was closed on the market, and with BitMEX when a trader is liquidated, their equity associated with the position drops down to zero.
In the following example, the trader has taken a 100x long position. In the event that the mark price of Bitcoin falls to $3,980 (by 0.5%), then the position gets liquidated with the 100 Bitcoin position needing to be sold on the market.
This means that it does not matter what price this trade executes at, namely if it’s $3,995 or $3,000, as from the view of the liquidated trader, regardless of the price, they lose all the equity they had in their position, and lose the entire one Bitcoin.
https://preview.redd.it/wel3rka04cc41.png?width=669&format=png&auto=webp&s=3f93dac2d3b40aa842d281384113d2e26f25947e
Assuming there is a fully liquid market, the bid/ask spread should be tighter than the maintenance margin. Here, liquidations manifest as contributions to the insurance fund (e.g. if the maintenance margin is 50bps, but the market is 1bp wide), and the insurance fund should rise by close to the same amount as the maintenance margin when a position is liquidated. In this scenario, as long as healthy liquid markets persist, the insurance fund should continue its steady growth.
The following graphs further illustrate the example, and in the first chart, market conditions are healthy with a narrow bid/ask spread (just $2) at the time of liquidation. Here, the closing trade occurs at a higher price than the bankruptcy price (the price where the margin balance is zero) and the insurance fund benefits.
Illustrative example of an insurance contribution – Long 100x with 1 BTC collateral
https://preview.redd.it/is89ep924cc41.png?width=699&format=png&auto=webp&s=f0419c68fe88703e594c121b5b742c963c7e2229
(Note: The above illustration is based on opening a 100x long position at $4,000 per BTC and 1 Bitcoin of collateral. The illustration is an oversimplification and ignores factors such as fees and other adjustments.
The bid and offer prices represent the state of the order book at the time of liquidation. The closing trade price is $3,978, representing $1 of slippage compared to the $3,979 bid price at the time of liquidation.)
The second chart shows a wide bid/ask spread at the time of liquidation, here, the closing trade takes place at a lower price than the bankruptcy price, and the insurance fund is used to make sure that winning traders receive their expected profits.
This works to stabilize the potential for returns as there is no guarantee that healthy market conditions can continue, especially during periods of heightened price volatility. During these periods, it’s actually possible that the insurance fund can be used up than it is built up.
Illustrative example of an insurance depletion – Long 100x with 1 BTC collateral
https://preview.redd.it/vb4mj3n54cc41.png?width=707&format=png&auto=webp&s=0c63b7c99ae1c114d8e3b947fb490e9144dfe61b
(Notes: The above illustration is based on opening a 100x long position at $4,000 per BTC and 1 Bitcoin of collateral. The illustration is an oversimplification and ignores factors such as fees and other adjustments.
The bid and offer prices represent the state of the order book at the time of liquidation. The closing trade price is $3,800, representing $20 of slippage compared to the $3,820 bid price at the time of liquidation.)
The exchange declared in February 2019, that the BitMEX insurance fund retained close to 21,000 Bitcoin (around $70 million based on Bitcoin spot prices at the time).
This figure represents just 0.007% of BitMEX’s notional annual trading volume, which has been quoted as being approximately $1 trillion. This is higher than the insurance funds as a proportion of trading volume of the CME, and therefore, winning traders on BitMEX are exposed to much larger risks than CME traders as:
  • BitMEX does not have clearing members with large balance sheets and traders are directly exposed to each other.
  • BitMEX does not demand payments from traders with negative account balances.
  • The underlying instruments on BitMEX are more volatile than the more traditional instruments available on CME.
Therefore, with the insurance fund remaining capitalized, the system effectively with participants who get liquidated paying for liquidations, or a losers pay for losers mechanism.
This system may appear controversial as first, though some may argue that there is a degree of uniformity to it. It’s also worth noting that the exchange also makes use of Auto Deleveraging which means that on occasion, leveraged positions in profit can still be reduced during certain time periods if a liquidated order cannot be executed in the market.
More adventurous traders should note that while the insurance fund holds 21,000 Bitcoin, worth approximately 0.1% of the total Bitcoin supply, BitMEX still doesn’t offer the same level of guarantees to winning traders that are provided by more traditional leveraged trading platforms.
Given the inherent volatility of the cryptocurrency market, there remains some possibility that the fund gets drained down to zero despite its current size. This may result in more successful traders lacking confidence in the platform and choosing to limit their exposure in the event of BitMEX being unable to compensate winning traders.

How suitable is BitMEX for Beginners?

BitMEX generates high Bitcoin trading levels, and also attracts good levels of volume across other crypto-to-crypto transfers. This helps to maintain a buzz around the exchange, and BitMEX also employs relatively low trading fees, and is available round the world (except to US inhabitants).
This helps to attract the attention of people new to the process of trading on leverage and when getting started on the platform there are 5 main navigation Tabs to get used to:
  • **Trade:**The trading dashboard of BitMEX. This tab allows you to select your preferred trading instrument, and choose leverage, as well as place and cancel orders. You can also see your position information and view key information in the contract details.
  • **Account:**Here, all your account information is displayed including available Bitcoin margin balances, deposits and withdrawals, and trade history.
  • **Contracts:**This tab covers further instrument information including funding history, contract sizes; leverage offered expiry, underlying reference Price Index data, and other key features.
  • **References:**This resource centre allows you to learn about futures, perpetual contracts, position marking, and liquidation.
  • **API:**From here you can set up an API connection with BitMEX, and utilize the REST API and WebSocket API.
BitMEX also employs 24/7 customer support and the team can also be contacted on their Twitter and Reddit accounts.
In addition, BitMEX provides a variety of educational resources including an FAQ section, Futures guides, Perpetual Contracts guides, and further resources in the “References” account tab.
For users looking for more in depth analysis, the BitMEX blog produces high level descriptions of a number of subjects and has garnered a good reputation among the cryptocurrency community.
Most importantly, the exchange also maintains a testnet platform, built on top of testnet Bitcoin, which allows anyone to try out programs and strategies before moving on to the live exchange.
This is crucial as despite the wealth of resources available, BitMEX is not really suitable for beginners, and margin trading, futures contracts and swaps are best left to experienced, professional or institutional traders.
Margin trading and choosing to engage in leveraged activity are risky processes and even more advanced traders can describe the process as a high risk and high reward “game”. New entrants to the sector should spend a considerable amount of time learning about margin trading and testing out strategies before considering whether to open a live account.

Is BitMEX Safe?

BitMEX is widely considered to have strong levels of security. The platform uses multi-signature deposits and withdrawal schemes which can only be used by BitMEX partners. BitMEX also utilises Amazon Web Services to protect the servers with text messages and two-factor authentication, as well as hardware tokens.
BitMEX also has a system for risk checks, which requires that the sum of all account holdings on the website must be zero. If it’s not, all trading is immediately halted. As noted previously, withdrawals are all individually hand-checked by employees, and private keys are never stored in the cloud. Deposit addresses are externally verified to make sure that they contain matching keys. If they do not, there is an immediate system shutdown.
https://preview.redd.it/t04qs3484cc41.jpg?width=808&format=pjpg&auto=webp&s=a3b106cbc9116713dcdd5e908c00b555fd704ee6
In addition, the BitMEX trading platform is written in kdb+, a database and toolset popular amongst major banks in high frequency trading applications. The BitMEX engine appears to be faster and more reliable than some of its competitors, such as Poloniex and Bittrex.
They have email notifications, and PGP encryption is used for all communication.
The exchange hasn’t been hacked in the past.

How Secure is the platform?

As previously mentioned, BitMEX is considered to be a safe exchange and incorporates a number of security protocols that are becoming standard among the sector’s leading exchanges. In addition to making use of Amazon Web Services’ cloud security, all the exchange’s systems can only be accessed after passing through multiple forms of authentication, and individual systems are only able to communicate with each other across approved and monitored channels.
Communication is also further secured as the exchange provides optional PGP encryption for all automated emails, and users can insert their PGP public key into the form inside their accounts.
Once set up, BitMEX will encrypt and sign all the automated emails sent by you or to your account by the [[email protected]](mailto:[email protected]) email address. Users can also initiate secure conversations with the support team by using the email address and public key on the Technical Contact, and the team have made their automated system’s PGP key available for verification in their Security Section.
The platform’s trading engine is written in kdb+, a database and toolset used by leading financial institutions in high-frequency trading applications, and the speed and reliability of the engine is also used to perform a full risk check after every order placement, trade, settlement, deposit, and withdrawal.
All accounts in the system must consistently sum to zero, and if this does not happen then trading on the platform is immediately halted for all users.
With regards to wallet security, BitMEX makes use of a multisignature deposit and withdrawal scheme, and all exchange addresses are multisignature by default with all storage being kept offline. Private keys are not stored on any cloud servers and deep cold storage is used for the majority of funds.
Furthermore, all deposit addresses sent by the BitMEX system are verified by an external service that works to ensure that they contain the keys controlled by the founders, and in the event that the public keys differ, the system is immediately shut down and trading halted. The exchange’s security practices also see that every withdrawal is audited by hand by a minimum of two employees before being sent out.

BitMEX Customer Support

The trading platform has a 24/7 support on multiple channels, including email, ticket systems and social media. The typical response time from the customer support team is about one hour, and feedback on the customer support generally suggest that the customer service responses are helpful and are not restricted to automated responses.
https://preview.redd.it/8k81zl0a4cc41.jpg?width=808&format=pjpg&auto=webp&s=e30e5b7ca93d2931f49e2dc84025f2fda386eab1
The BitMEX also offers a knowledge base and FAQs which, although they are not necessarily always helpful, may assist and direct users towards the necessary channels to obtain assistance.
BitMEX also offers trading guides which can be accessed here

Conclusion

There would appear to be few complaints online about BitMEX, with most issues relating to technical matters or about the complexities of using the website. Older complaints also appeared to include issues relating to low liquidity, but this no longer appears to be an issue.
BitMEX is clearly not a platform that is not intended for the amateur investor. The interface is complex and therefore it can be very difficult for users to get used to the platform and to even navigate the website.
However, the platform does provide a wide range of tools and once users have experience of the platform they will appreciate the wide range of information that the platform provides.
Visit BitMEX
submitted by bitmex_register to u/bitmex_register [link] [comments]

First month Daytrading, PnL + Trades inside

Exchange : Bitmex
Currency in SGD
Initial Deposit : $4000 (0.274 btc)
Final Account balance : $3300 (0.2305 btc)
Withdrawn Profits : $2000 (0.14 btc)
Total PnL : $130
Monthly Total Volume : Approx 5.5 Mil USD Contracts
Estimated pairs of trades per day : ~8
Link to daily balance : https://i.gyazo.com/6c37f70dbcd431cb208731a0796b291b.png
Link to all trades within the month : https://docs.google.com/spreadsheets/d/14rEYS3xlAhgQ18OPBOVnyPl0yWgt9FCRD5_nhb5zOTE/edit#gid=1352714620
It has been an okayish month but still kinda disappointed in the result. I was moreso targeting a PnL of 2-3k this month, but I made some severe mistakes ( Lack of discipline in sticking to my strategy which resulted in approx $1k ~ in losses - see SEP 3 and SEP 11). To the more experienced traders, I have some questions. Also did take some breaks throughout the month to play wow classic ( Aug 27-30 )

Questions :
1)How do you develop more discipline and stick to your strategy and ignore ideas outside of your strategy that you think will be profitable?
2)When is the 'right' time to step away from trading? Should you stop if you have a bad day, hit a certain daily loss or if you just feel tilted (after sticking to strategy but it still doesnt work out for the day)?
3) Should I set up a daily max loss/gain where I just call it a day?
4) How many months or at what stage should I step up the leverage and scale the strategy? (I currently trade 10k USD worth of contracts(~3-4x lev), with a self imposed position limit of 25k~(10x lev) )
5) Is it better to keep profits in your account (to build up margin) or withdraw them?
submitted by ReallyMakesMeThonk to Daytrading [link] [comments]

Research: Margin trading features found on Binance API.

Programmer here. According to the official Binance public rest API documentation; which can be found here and was updated last week, the response to https://www.binance.com/api/v1/exchangeInfo should be:
{ "timezone": "UTC", "serverTime": 1508631584636, "rateLimits": [ // These are defined in the `ENUM definitions` section under `Rate limiters (rateLimitType)`. // All limits are optional. ], "exchangeFilters": [ // There are defined in the `Filters` section. // All filters are optional. ], "symbols": [{ "symbol": "ETHBTC", "status": "TRADING", "baseAsset": "ETH", "baseAssetPrecision": 8, "quoteAsset": "BTC", "quotePrecision": 8, "orderTypes": [ // These are defined in the `ENUM definitions` section under `Order types (orderTypes)`. // All orderTypes are optional. ], "icebergAllowed": false, "filters": [ // There are defined in the `Filters` section. // All filters are optional. ] }] } 
However, API calls confirm that recently Binance has silently included two extra booleans between "icebergAllowed" and "filters". The new response is:
{ "timezone": "UTC", "serverTime": 1508631584636, "rateLimits": [ // These are defined in the `ENUM definitions` section under `Rate limiters (rateLimitType)`. // All limits are optional. ], "exchangeFilters": [ // There are defined in the `Filters` section. // All filters are optional. ], "symbols": [{ "symbol": "ETHBTC", "status": "TRADING", "baseAsset": "ETH", "baseAssetPrecision": 8, "quoteAsset": "BTC", "quotePrecision": 8, "orderTypes": [ // These are defined in the `ENUM definitions` section under `Order types (orderTypes)`. // All orderTypes are optional. ], "icebergAllowed": false, "isSpotTradingAllowed":false, "isMarginTradingAllowed":false, "filters": [ // There are defined in the `Filters` section. // All filters are optional. ] }] } 
This change has not been reflected on the documentation. Further analysis of the response revealed that all 482 trading pairs have spot trading enabled and margin trading disabled; which makes sense. However, this API update implies that Binance is considering the implementation of margin trading features.
Other competitors such as Bitfinex, OKEx and BitMex already profit from these high volume markets and is likely Binance CEO Changpeng Zhao wants a piece of the cake.
submitted by enriquejr99 to CryptoCurrency [link] [comments]

Margin Trading: A short review

I am somewhat familiar with bitmex and margin trading.
But Binance's take on the very popular margin trading.. feels very different and I am loving it! I have been using it for a few days now and I thought I'd share some insights on how it works.
With Binance - you can transfer any of BTC/ETH/XRP/TRN/BNB/USDT to your margin account. Based on your amount you can BORROW 2x what you have there (seems to vary based on currency as XRP/Tron has limits).
So what can you do now?
If you borrow BTC, you can then change it for USDT.. (to try and short BTC)... wait for BTC to drop.. buy it back and keep the remaining profit.
You can buy any of the margin pairs to try and make more BTC (eg.. swap for BNB.. BNB goes up.. sell it back for BTC.. repay debt and keep your profits).
Note: You repay what you borrowed with .02 percent interest.
TLDR: It is pretty damn cool, lacks a lot of FAQ/Instructions but.. in short Binance is the bank, they loan you 2x what you have, you spend it to try and make more and then repay the loan.
submitted by holduntil2020 to BinanceExchange [link] [comments]

Margin trading and exchange manipulation

Context

Bitstamp:BTCUSD 5m
Bitcoin saw a huge price spike today of $1100+ within the span of 45 minutes. (One of) the biggest derivatives exchanges, Bitmex, saw as much as $0.6B of trading within the hour, with Bitfinex also seeing 38k Bitcoin (~$280M) trading in the same 1h period.
I've seen a lot of theories going around recently relating to exchange manipulation and stop loss/ liquidation hunting by exchanges and I think its best to look into how margin trading works and the issue with some of the claims, along with today's dramatic events.

Margin Trading and Derivatives Explained

As Bitcoin trading has developed, there have been more and more offerings of margin trading by exchanges, allowing people to borrow value to trade with, to amplify profits (or losses) before repaying the loan at a later date. Many traders use this to make different strategies more viable, such as scalping or swing trading. As well as its use for leverage, margin/ derivatives also allow shorting. This gives the opportunity to trade the decline of a market rather than having to sit in cash and wait. So how does it work?

Spot markets

In a spot market, the underlying assets that are going to be traded have to be borrowed during the trade and paid back (with interest) to the lender once the trade is closed. Exchanges such as Bitfinex manage this through a Peer to Peer lending system, where the loan is provided by other users on the platform.
The exchange has to ensure that the loan will always be paid back to the lender, as such, positions have a liquidation threshold. If the value of the traded asset were to swing too far against the trader, their account wouldn't have sufficient funds to be able to pay back the value of the loan. For this reason, we have an initial margin level and a maintenance margin level.
The initial margin limit (30% for Bitfinex) means that traders can't take on unreasonably large positions, so sudden market swings won't drive the account into negative value. The maintenance margin limit (15% for Bitfinex) is where the exchange will margin call (forcefully close) the position to avoid going into negative balance.
For example, if you were to take out a 3x leverage long on Bitcoin vs USD, your initial margin is 33%. Then, if Bitcoin were to drop 18% (33% - 15%) you would be margin called, forcefully closing the position to avoid further losses.
When a position is margin called, it's traded into the regular market to close the position. If you are long on Bitcoin vs USD, the position will be sold off to get back the USD needed to pay off the loan. In this case, there is no point at which the exchange is taking on your position, it is simply forcing you to close it into the market so you can pay off your loan to the lending user.

Derivatives markets

Derivatives markets, such as Bitmex, work slightly differently. The underlying asset being traded doesn't change hands to take on a position. Instead each side of the trade takes opposing sides of a futures contact. Derivatives are helpful as a trading tool, as you only need to have a fraction of the equity of a contract, rather than taking out a loan of the asset.
The normal rules of initial margin and maintenance margin still apply. But, instead of paying back a P2P loan, its to protect the exchange from negative balance. If an account balance became negative, there would be no way for the exchange to get back the difference ,since Bitmex is funded anonymously in Bitcoin. As such, it needs a good mechanism to avoid excessive losses.
Bitmex does differ from Bitfinex, as the exchange will take on the position during a margin call. This is part of their "liquidation engine", which then closes the position into the market. The maintenance balance of the position is also taken to offset the loss of the liquidation engine as it closes the position. Any profit/ loss is added to the "insurance fund".
This system is required on Bitmex due to the high leverage they offer to traders, meaning that their is a high probability a losing trade could result in a negative balance. Any negative balance is paid off by the insurance fund. The insurance fund is not a conspiracy for the exchange to take your money, it is a simple fact that the margin calling system will not always be able to close positions in time during large market swings, so needs a cushion to avoid negative balances.

Short squeeze and margin cascade

Now, onto today's series of events. Looking at the BTCUSD chart, the red line shows Bitfinex margin shorts and the green line shows margin longs. Prior to the spike to $8069, margin shorts were at record highs of almost 41k Bitcoin. Then, as the price shot up, the shorts were rapidly liquidated. Side note: I believe the margin data provided here is slightly delayed, as the raw data shows the cascading descent in margin shorts lining up better with the increase in price.
As the first shorts started to get liquidated, they were forced to buy into the market, driving up the price. This liquidated some more positions, forcing them to rapidly buy too, hitting the limit of yet more positions. This cascading effect shot the price into the sky as positions got forcefully closed. Margin shorts went from 39k Bitcoin at 11:30 (BST) to <29k Bitcoin at 12:30 (BST), over 10k Bitcoin in shorts closed within an hour.
People will try give many explanations for this overhang in shorts or the events leading up to the short squeeze. The squeeze was certainly a risk that I overlooked in my own trading, but I was fortunate enough not to have any open positions at the time. Short squeezes are a reality that people have to watch out for when trading any asset (although not often on this scale).

Manipulation and conspiracies

I'm hoping to address some of the issues I see in a post that's been going around a lot recently, which claimed that exchanges themselves were involved in stop-loss hunting to try to "extract a higher market fee" from traders when they get liquidated.
However, by definition, each trade has a market maker and a market taker, meaning that the exchange will get the same fee per volume either way (assuming no tiered fee structure), as one side will always be paying the taker fee. While there is a potential for an exchange be using margin calls as a means to increase their total trading volume, it seems like a rather roundabout method to try to extract relatively small value while potentially driving a way a significant portion of their clients. Surely an exchange would look to boost revenue through other means, such as new services and trading pairs before looking towards market manipulation on such a scale. Exchanges themselves also aren't brokers, they are the platform to allow different parties to trade, rather than being the market maker of each trade.
While stop-loss/ margin hunting does happen to a degree, it is unlikely that the exchanges themselves would stand to gain much from it. Instead, stop-loss hunting is an activity of institutions or "whales", who make a profit by accumulating a position at a lower price before pushing the market into a short squeeze and selling into the margin cascade. This requires an entity to be tactically building up an exposure before shifting the market in their favour.
While it isn't impossible that the operators of exchanges are involved in stop-loss hunting as part of a separate scheme, the exchange itself and its mechanisms of liquidation stands to make little profit on such action with the potential to drive away a lot of customers. It makes little sense for an exchange itself to be involved, as the financial incentives don't align.

My original blog post with nicer formatting

Disclaimer

I will do my best to give unbiased, objective analysis, but I can make no promises about my accuracy. All posts are based on my personal opinions and ideas and do not constitute professional financial investment advice.
Edit 13/04/18 01:15: Rewrote final few paragraphs as it appears I misinterpreted the original article.
submitted by matt2048 to BitcoinMarkets [link] [comments]

BitMax - Margin POV

The coin market has been pretty slow for the past month. Most days, BTC doesn’t even move 1%. With such little movement, there’s just a few opportunities to scalp small profits but absolutely zero room for major trades. In times like this, margin becomes a trader’s best friend.
I’m sure most traders have been using margin for the past month to make ends meet, and most of that volume has been going to BitMEX. Considering the volume of shorts has been on the rise, BitMEX isn’t the best option since BTC is the key currency. On top of that, I’ve become a bit fed up with BitMEX’s need for pre-mature liquidations in order to support its insurance fund. That fund gets bigger. EVERY. SINGLE. DAY. BitMEX seems to be less a margin exchange and more like the best insurance operation in history given the rate of growth its insurance fund has seen. But what’s my option? I’m not going to Deribit; there’s no volume.
OKEx isn’t exactly a good option either. They failed to manage their own market risks and had to take huge profits from traders. Since I have been short for a while, I had to fork out some of my profits and that really pissed me off. Plus, just 2 months after that, they pulled off the most disgraceful stunt in the history of crypto exchanges by closing user contracts prematurely without any warning; positions that were in a loss but nowhere close to their liquidation point were suddenly closed, leaving traders at huge losses. So, that just leaves us with BitMEX.
Except, there’s one new margin option and it just started so I can’t be too certain on how good or bad it is.
BitMax (How quaint? It rhymes with BitMEX) just opened its doors a few months ago, and it started off as a spot exchange. However, a day ago, they allowed traders to use margin. The max margin is only 6x and while that’s nowhere near the 100x on MEX, you shouldn’t be using 100x leverage anyways. I don’t care how good your trades have been, literally everyone I know who has used 100x has gotten burned really quick.
Anyways, so far, I really like the trading interface since they converted common spot trading interfaces into a margin one. Most people will have an easy time using it, but there’s another drawback. Since, it only just launched, I can only spot margin pairs for BTC, ETH and XRP. The good thing, though, is that all 3 of these coins are available for margin trading on USDT pairs. Since I am still bearish, this is a good option for me. When my short profits roll in, my gains will be in USDT rather than BTC, which would be worth less than when I had entered the position. Of course, for those of you who are still bullish, there’s BTC margin pairs too.
I really hope the volume picks up. The UI is nice, they have Tether pairs, and the exchange’s track record on their spot exchange is quite good in terms of service. If volume starts improving, BitMax could definitely be a top alternative to MEX.
submitted by ganeshramk to CryptoCurrency [link] [comments]

Automatically Trade EOSBTC and Other Pairs Based on SMA Crossings of Volumes on Up To 16 Exchanges!

https://github.com/DunnCreativeSS/ManyVolumeSignalMonster

ManyVolumeSignalMonster

Telegram!

join our growing community! https://t.me/ManyVolumeSignalMonster

What is it?

https://aggr.trade https://github.com/Tucsky/SignificantTrades reimagined to use buy/sell signals in automated trades!
Supporting BitMEX for now on livenet+testnet, with more exchanges tbd...
This repo exists to provide a 'sponsor' link (should I get approved for the beta...) while the livenet and testnet code are now both private.

Word to the wise

10% Tier-1, 5% Tier-2 affiliate commissions on contributions or subscriptions - as a fraction of total weighted value, which means recurring revenues :) :) Here's what I mean: https://docs.google.com/spreadsheets/d/1qUSILqCyizkqF-p5k_6ovuSWNsmtfofD77u4tSTq_Ds/edit?usp=sharing - notice Free Lunch Lady? She didn't contribute a dime but she's earned a steady stream of income through affiliate marketing :D

Want to earn MoAr???!?

  1. It's like an open-ended bounty campaign...
  2. Can you do a service?
  3. Can you add value?
  4. Social media, blogs, email marketing, PPC, or any kind of qualified traffic from marketing will do the trick!
  5. Anyone who contributes any amount of work more than just referring friends & family will earn a % additional 1-Tier and 2-Tier commissions scaling according to cost-effort!

Share the riches!

CONTRIBUTION FUND: 3BMEXpTrCRmV55ziRjTMu4zMGCU1UrbUbi
  1. Send me TX, I'll keep track of who has how much %
  2. I'll take 30% of realized profits weekly, the other 70% goes back to contributors weekly
  3. If you refer someone else and they supply your TG handle to me or admins, you'll get 10% of their contribution added to your weight - and 5% Tier-2
  4. sample weights: https://docs.google.com/spreadsheets/d/1qUSILqCyizkqF-p5k_6ovuSWNsmtfofD77u4tSTq_Ds/edit?usp=sharing
  5. it'd be fun to put this into a tradeable token so people can buy/sell stake?

Does it perform?

For anyone who's interested in such things, my crypto trading bot has seen some huge improvements suggested by our small community.. as of just over 1/2 of a day ago when I added configurable % take profit and configurable % stop loss, after my friend with his $30 on livenet got liquidated and he suggested more failsafes... also waiting for 3 10-second (by default) bars to confirm a signal to buy/sell... learning curves :)
Testnet #1 balance since 1/4 of a day ago is:
gains (margin): 184 %
gains (wallet): 213 %
Testnet #2 balance since 1/2 of a day ago is:
gains (margin): 12.9 %
gains (wallet): 32.9 %
Note that the second testnet account is using the UI configurable default 'order multiplier' of 1, while my testnet is using 3x that, amplifying gains :)
I've added whitelisting of API keys or account #s so it's now ready to sell :)

Not a fan of BitMEX?

More exchanges to come, tbd! I'm available for bribes to fork into your favorite exchanges :)

Get me into Github Sponsors Beta

Your reward? % saved on subscriptions, % bonus to crowdfund contributions AND double referral income!
  1. fill out this form: https://docs.google.com/forms/d/e/1FAIpQLSdE8nL7U-d7CBTWp9X7XOoezQD06wCzCAS9VpoUW6lJ03KU7w/viewform
  2. you don't need to provide a github profile or email
  3. for 'Which developers would you like to sponsor through GitHub Sponsors?' set github.com/dunncreativess
  4. for 'anything else we should know' let them know about my efforts as dev for these bots? Tireless, sleepless nights to optimize and include feedback? :)
  5. Also recommend me to participate in the limited beta. Send an email to [email protected] with a link to https://github.com/dunncreativess and my contact information: Telegram @RegTheIII Medium @jarettrsdunn email [email protected]

They're doubling people's sponsorships for the first year, up to $5k...

anyone that wants to pay for the bot using GitHub (paypal or credit card) will get a 25% discount on subs, 25% bonus to their contribution's weight AND double referral % weight!

Check it out

I'm nearly-not-quite-able to be sponsored on GitHub! https://imgur.com/a/nLs3XBu

If you prefer running with your own $BTC on livenet

There's a 0.005 BTC upfront + 0.005 BTC monthly charge, and 5% of your realized gains (monthly)...
Testnet access is free :) just ask for your apikey or account # to be included in the validity spreadsheet.
Code for live / test is available on request for audits
  1. provide me with your API key for livenet/testnet, I'll add it to the valid keys spreadsheet (bots running without a valid key won't make any POST requests...like place orders)
  2. if livenet, get an ADDITIONAL 10% discount on fees: https://www.bitmex.com/registe30KY2F - stop loss + take profit orders will earn me affiliate income...
  3. run chromium-browser --disable-web-security --user-data-dir=~/ or google-chrome --disable-web-security --user-data-dir=~/ - Windows and Mac directions: https://www.codevoila.com/post/75/how-to-disable-same-origin-policy-in-chrome
  4. http://35.239.130.201/ testnet
  5. http://34.68.94.126/ livenet
  6. 'couldn't load history' is a-ok
  7. in settings, set trailstop+stoploss+takeprofit %s
  8. in settings, set keys (be sure to tab / click off so they save)
  9. in settings on one tab, set BTCUSD
  10. in other, ETHUSD
  11. any of the U19 pairs will also work, I need to remind myself to grab the current futures contract in a future release...
  12. For both, click ON all the extra exchanges - and OFF BitMEX (it doesn't like too many websocket requests, it'll '429 too many requests' you if you reload the page too too much then '403 forbidden' ban you for an hour or two...)
  13. wait 14 10s intervals for volume SMAs
  14. check dev tools console for errors (change log level, turn off info/debug)
  15. after SMAs cross, it'll enter a buy/sell - and if the orders fill then trailstop+takeprofit+stoploss
  16. check performance of all bots here: http://35.239.130.201:3000/
  17. you can lessen short-term sensitivity two ways: 1. increase timeframe (from 10s) 2. increase SMA length (from 14)

@crypto_tra gets free lifetime subscription

First for pointing out strategy, then I forgot and gave him another free lifetime sub for being the first person other than me to test on livenet :) so he naturally gets additional referral commissions

Bot does a bunch of smart things:

  1. if - pos, it doubles buys
  2. if + pos, it doubles sells
  3. Original buy/sells are POST-ONLY limits, takeprofit and stoploss are MARKET but you can configure their respective %s
  4. up/down to match price tickSize
  5. price is a function of avail margin, which is then multiplied by configurable 'ordermult'
  6. except when avail margin < 17.5% (will later be a configurable variable), then it stops buying in current pos direction
  7. it'll miss out some of the orders, ensuring it stays pos/neg on longer swings - fun fact there's an unused 'testingtesting123' variable that could be made into a configurable one that enters the original limit orders at the opposite of bid/ask for buy/sell, which fills orders much much quicker at the expense of fees...

join our growing community! https://t.me/ManyVolumeSignalMonster

submitted by paxicraw to eos [link] [comments]

Daily analysis of cryptocurrencies 20191103 (Market index 56 — Neutral state)

Daily analysis of cryptocurrencies 20191103 (Market index 56 — Neutral state)

https://preview.redd.it/wfaplsepohw31.jpg?width=540&format=pjpg&auto=webp&s=762ff2fcffb07c6f23c0da9d2db581f07f283203

DAppTotal: Airdrop Of EIDOS Is A Disaster, Top Player May Profit Over Tens Of Thousands Of Dollars Citing data by DAppTotal, ever since EIDOS launched the airdrop event, the number of its 24h active users has reached 1,260, that of its 24h transactions has surpassed 1.89 million, and its 24h trading volume has registered 1,770 EOS. Such popularity has never been seen in any other EOS DApps, according to DAppTotal. Blockchain security firm PeckShield revealed that the airdrop event of EIDOS led to the price surge of CPU, which means normal EOS transactions between users could fail and most of the users are not able to play with gaming DApps under a congested EOS network. As reported by CoinNess.com earlier, the current CPU price for 1 EOS is 0.0001 EOS. Two days ago, however, one could use 1 EOS to rent 3,600 EOS for 30 days. This indicates an increase of more than 16 times because of the EIDOS hype. DAppTotal researchers found that as of now, players have made 35.83 million transactions, containing 3.39 million EIDOS tokens, to the account ‘eidosonecoin,’ 95% of which had only 0.0001 EOS sent. If a user sold all of the EIDOS tokens at peak prices, his or her earnings could be more than tens of thousands of dollars. It is really harmful to the EOS ecosystem, said the researchers.
At Least 23k Emails Leaked By BitMEX, Claims Research Director At The Block Larry Cermak, Director of Research at The Block, tweeted, “I now have access to 23,000 emails that were leaked by BitMEX. Surprisingly, there is only one person that used a .gov email. There were 66 students/alumni that used .edu email. NYU dominates (7 people), followed by Berkley, and University of Michigan.” BitMEX has previously made a response to the leaked email address in its blog post, saying that in this instance, beyond email addresses, no other personal data or account information has been disclosed and no further emails have been sent. “The error which has caused this has been identified and fixed, ensuring our usual high standards of privacy are upheld,” the company claimed.
Chinese VC Firms Returning To Blockchain, $368M Raised In H1, 2019 By Blockchain Startups Chinese venture capital firms are taking another look at blockchain. After the 2018 crypto crash, up to 90 percent of blockchain-focused VCs left the market. Now, as China’s central government pushes for greater blockchain adoption, some are returning. During the first six months in 2019, Chinese blockchain startups raised $368 million via 71 funding deals, according to Chinese financial data tracker 01Caijing.
https://preview.redd.it/amjdfirqohw31.png?width=473&format=png&auto=webp&s=6f116b8879f5af3122b05e95da71162f4ccae06a

This past week, there was a slow and steady decline in bitcoin below the $8,400 support against the US Dollar. Moreover, BTC price also traded below the $8,200 support area. Finally, it spiked below the $8,000 support, but remained well above the 100 simple moving average (4-hours).
A swing low was formed near $8,960 and the price recently started an upward move. There was a break above the $8,100 and $8,200 resistance levels to start a decent increase.
More importantly, there was a break above a key contracting triangle with resistance near $9,240 on the 4-hours chart of the BTC/USD pair. At the moment, the price is trading near the 23.6% Fib retracement level of the downward move from the $10,584 high to $8,960 low.
Review previous articles: https://medium.com/@to.liuwen

Encrypted project calendar(November 3, 2019)

Waltonchain (WTC): 03 November 2019 Premining Application End “Application for SMN & GMN $WTA pre-mining ends at 17:00 on Nov. 3 (UTC+8).”

Encrypted project calendar(November 4, 2019)

Stellar (XLM): 04 November 2019 Stellar Meridian Conf. Stellar Meridian conference from Nov 4–5 in Mexico City. Cappasity (CAPP): 04 November 2019 Lisbon Web Summit Lisbon Web Summit in Lisbon, Portugal from November 4–7. Aion (AION): 04 November 2019 CASCON x EVOKE 2019 CASCON x EVOKE 2019 from Nov 4–6 in Toronto. ThoreNext (THX): 04 November 2019 Migration/Swap Begins “4 Nov 2019 Migration/Swap/Issuance start Check Your email 1st Nov To facilitate a streamlined Process, we will use proprietary software…” Ocean Protocol (OCEAN): 04 November 2019 Blckchn for Science Party “Join us on Monday for bottles and (data) models at the official Blockchain for Science afterparty at @betahaus Factom (FCT): 04 November 2019 Grant Deadline “Have an idea you’ve been itching to build using #FactomProtocol? Apply for a grant (the deadline is November 4th):” Winding Tree (LIF): 04 November 2019 HackTravel London HackTravel London from November 4–6 in London.

Encrypted project calendar(November 5, 2019)

Nexus (NXS): 05 November 2019 Tritium Official Release “Remember, Remember the 5th of November, the day Tritium changed Distributed Ledger. Yes, this is an official release date.” NEM (XEM): 05 November 2019 Innovation Forum — Kyiv NEM Foundation Council Member Anton Bosenko will be speaking in the upcoming International Innovation Forum in Kyiv on November 5, 2019. TomoChain (TOMO): 05 November 2019 TomoX Testnet “Mark your calendar as TomoX testnet will be live on Tuesday, Nov 5th!” aelf (ELF): 05 November 2019 Bug Bounty Program Ends On Oct 24th, 2019 aelf’s biggest bug bounty will launch with a large reward pool. The event will run for almost 2 weeks. ICON (ICX): 05 November 2019 Seoul Meetup “We are pleased to announce that the ICON x Steem DApp SEOUL MEETUP will be held in the ICON Lounge on November 5th.” Utrust (UTK): 05 November 2019 Lisbon Meetup “We’re hosting a meetup for anyone interested in blockchain & crypto adoption! Industry leaders like Cointelegraph, BetProtocol & others…” Siacoin (SC): 05 November 2019 Zurich Meetup “Join us Tuesday, Nov 5th in Zurich for a Sia meetup with CEO David, and devs Chris and PJ at @impacthubzurich.” OKB (OKB): 05 November 2019 Simulation USDT Futures “NEW LAUNCH: The much-awaited $USDT-Margined Futures Trading will soon be available on #OKEx… Simulation launching Nov 5”

Encrypted project calendar(November 6, 2019)

STEEM/Steem: The Steem (STEEM) SteemFest 4 conference will be held in Bangkok from November 6th to 10th. KIM/Kimcoin: Kimcoin (KIM) Bitfinex will be online at KIM on November 6, 2019 at 12:00 (UTC). Nebulas (NAS): 06 November 2019 Burn Deadline “Be sure to read this announcement & burn your $NAT by November 6th, 3:00p.m. (UTC+8, Beijing time).” Power Ledger (POWR): 06 November 2019 Book Launch ATTN Perth Power Ledger community, we will be hosting renowned economist Ross Garnaut at our WA office for the launch of his latest book…

Encrypted project calendar(November 7, 2019)

XRP (XRP): 07 November 2019 Swell 2019 Ripple hosts Swell from November 7th — 8th in Singapore. BTC/Bitcoin: Malta The A.I. and Blockchain summit will be held in Malta from November 7th to 8th. Waves (WAVES): 07 November 2019 Joins Odyssey “#Waves is joining Odyssey… We’re kicking off on Nov. 7 at Polaris…” Komodo (KMD) and 1 other: 07 November 2019 Block Party Amsterdam Block Party Amsterdam in Amsterdam from 17:30–22:00. Horizen (ZEN): 07 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA.

Encrypted project calendar(November 8, 2019)

BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th. IOTX/IoTeX: IoTex (IOTX) will participate in the CES Expo on November 08 TOP (TOP): 08 November 2019 Mainnet Launch “So excited to announce that on November 8th, TOP Network will officially launch the mainnet…” OKB (OKB): 08 November 2019 OKEx Talks — Valencia “Meet us at our next OKEx Talks in Valencia on 8 Nov with speaker Gustavo Segovia @sepu85 who will look at the benefits of creating

Encrypted project calendar(November 9, 2019)

CENNZ/Centrality: Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland. HTMLCOIN (HTML): 09 November 2019 (or earlier) Mandatory Wallet Update Mandatory Wallet Update: there will be a soft fork on our blockchain. This update adds header signature verification on block 997,655.

Encrypted project calendar(November 11, 2019)

PAX/Paxos Standard: Paxos Standard (PAX) 2019 Singapore Financial Technology Festival will be held from November 11th to 15th, and Paxos Standard will attend the conference. Crypto.com Coin (CRO): and 3 others 11 November 2019 Capital Warm-up Party Capital Warm-up Party in Singapore. GoldCoin (GLC): 11 November 2019 Reverse Bitcoin Hardfork The GoldCoin (GLC) Team will be “Reverse Hard Forking” the Bitcoin (BTC) Blockchain…” Horizen (ZEN): 11 November 2019 (or earlier) Horizen Giveaway — Nodes Horizen Giveaway — Win Free Node Hosting! Entries before November 11th.

Encrypted project calendar(November 12, 2019)

BTC/Bitcoin: The CoinMarketCap Global Conference will be held at the Victoria Theatre in Singapore from November 12th to 13th Binance Coin (BNB) and 7 others: 12 November 2019 CMC Global Conference “The first-ever CoinMarketCap large-scale event: A one-of-a-kind blockchain / crypto experience like you’ve never experienced before.” Aion (AION) and 17 others: 12 November 2019 The Capital The Capital conference from November 12–13 in Singapore. Loom Network (LOOM): 12 November 2019 Transfer Gateway Update “If you have a dapp that relies on the Transfer Gateway, follow the instructions below to make sure you’re prepared.”

Encrypted project calendar(November 13, 2019)

Fetch.ai (FET): 13 November 2019 Cambridge Meetup “Join us for a @Fetch_ai #Cambridge #meetup on 13 November @pantonarms1.” Binance Coin (BNB) and 5 others: 13 November 2019 Blockchain Expo N.A. “It will bring together key industries from across the globe for two days of top-level content and discussion across 5 co-located events…” OKB (OKB): 13 November 2019 Dnipro, Ukraine- Talks Join us in Dnipro as we journey through Ukraine for our OKEx Cryptour on 11 Nov. Centrality (CENNZ): 13 November 2019 AMA Meetup “Ask our CEO @aaronmcdnz anything in person! Join the AMA meetup on 13 November in Singapore.” OKB (OKB): 13 November 2019 OKEx Cryptotour Dnipro “OKEx Cryptour Ukraine 2019 — Dnipro” in Dnipro from 6–9 PM (EET).

Encrypted project calendar(November 14, 2019)

BTC/Bitcoin: The 2019 BlockShow Asia Summit will be held at Marina Bay Sands, Singapore from November 14th to 15th. Binance Coin (BNB): and 4 others 14 November 2019 BlockShow Asia 2019 BlockShow Asia 2019 at Marina Bay Sands Expo, Singapore from November 14–15. Basic Attention Token (BAT): 14 November 2019 London Privacy Meetup “If you’re in London on Nov. 14th, don’t miss our privacy meetup! The Brave research team, our CPO @johnnyryan, as well as @UoE_EFI Horizen (ZEN): 14 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA. IOTA (MIOTA): 14 November 2019 Berlin Meetup From Construction to Smart City: IOTA, Maschinenraum & Thinkt Digital will explain, using concrete use cases, how to gain real value from.. Dash (DASH): 14 November 2019 Q3 Summary Call “Dash Core Group Q3 2019 Summary Call — Thursday, 14 November 2019” NEO (NEO): 14 November 2019 NeoFest Singapore Meetup “Glad to have @Nicholas_Merten from DataDash as our host for #NeoFest Singapore meetup on 14th Nov!”

Encrypted project calendar(November 15, 2019)

TRON (TRX): 15 November 2019 Cross-chain Project “The #TRON cross-chain project will be available on Nov. 15th” Bluzelle (BLZ): 15 November 2019 (or earlier) CURIE Release CURIE release expected by early November 2019. Zebi (ZCO): 15 November 2019 ZEBI Token Swap Ends “… We will give 90 days to all the ERC 20 token holders to swap out their tokens into Zebi coins.” OKB (OKB): 15 November 2019 OKEx Talks — Vilnius “Join us for a meetup on 15 Nov (Fri) for our 1st ever Talks in Vilnius, Lithuania.”

Encrypted project calendar(November 16, 2019)

Bancor (BNT): and 2 others 16 November 2019 Crypto DeFiance-Singapore “Crypto DeFiance is a new global DeFi event embracing established innovators, financial market disruptors, DApp developers…” NEM (XEM): 16 November 2019 Developer’s Event “BLOCKCHAIN: Creation of Multifirma services” from 10:50 AM — 2 PM.

Encrypted project calendar(November 17, 2019)

OKB (OKB): 17 November 2019 OKEx Talks — Lagos Join us on 17 Nov for another OKEx Talks, discussing the “Life of a Crypto Trader”.

Encrypted project calendar(November 18, 2019)

Maker (MKR): 18 November 2019 MCD Launch “BIG changes to terminology are coming with the launch of MCD on Nov. 18th Say hello to Vaults, Dai, and Sai.”

Encrypted project calendar(November 19, 2019)

Lisk (LSK): 19 November 2019 Lisk.js “We are excited to announce liskjs2019 will take place on November 19th. This all day blockchain event will include…”

Encrypted project calendar(November 20, 2019)

OKB (OKB): 20 November 2019 OKEx Cryptour Odessa Ukr “Join us in Odessa as we journey through Ukraine for our OKEx Cryptour!”

Encrypted project calendar(November 21, 2019)

Cardano (ADA): and 2 others 21 November 2019 Meetup Netherlands (AMS) “This meetup is all about how to decentralize a blockchain, the problems and differences between Proof-of-Work and Proof-of-Stake…” Cappasity (CAPP): 21 November 2019 Virtuality Paris 2019 “Cappasity to demonstrate its solution for the interactive shopping experience at Virtuality Paris 2019.” Horizen (ZEN): 21 November 2019 Weekly Insider Team updates at 3:30 PM UTC/ 11:30 AM EDT: Engineering, Node network, Product/UX, Helpdesk, Legal, BD, Marketing, CEO Closing thoughts, AMA. OKB (OKB): 21 November 2019 OKEx Talks — Johannesburg “Join us the largest city of South Africa — Johannesburg where we will host our OKEx Talks on the 21st Nov.” IOST (IOST): 22 November 2019 Singapore Workshop Join the Institute of Blockchain for their 2nd IOST technical workshop in Singapore on 22 Nov 2019. The workshop includes IOST’s key tech. OKB (OKB): 22 November 2019 St. Petersberg Talks “Join us in St. Petersberg on 22 Nov as we answer your questions on Crypto Security. “

Encrypted project calendar(November 22, 2019)

IOST (IOST): 22 November 2019 Singapore Workshop Join the Institute of Blockchain for their 2nd IOST technical workshop in Singapore on 22 Nov 2019. The workshop includes IOST’s key tech OKB (OKB): 22 November 2019 St. Petersberg Talks “Join us in St. Petersberg on 22 Nov as we answer your questions on Crypto Security. “

Telegram: https://t.me/Lay126
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LinkedIn:https://www.linkedin.com/in/liu-wei-294a12176/
submitted by liuidaxmn to u/liuidaxmn [link] [comments]

Best way to trade ETH/BTC pair?

Hello,
I'm trying to trade the ETH/BTC cross and Bitmex offers a futures contract but I noticed the liquidity is much worse than the perpetual ETH/USD and XBT/USD contacts. Let's say I want to short ETH/BTC, could I go long the perpetual XBT/USD and short the perpetual ETH/USD? Does that achieve the same returns? I assume my margin will be higher with the latter but I will have better liquidity and execution. What's the best way to trade this pair and are there better platforms for this?
Thanks for your help!
submitted by ParticularSurvey8 to ethtrader [link] [comments]

Binance, HitBTC, etc., Market Maker Pitch: How To Get Rich Online

As a follow-up to this:
https://hackernoon.com/making-markets-moving-crypto-free-and-open-source-binance-9bcea607e57b
https://github.com/DunnCreativeSS/binanceMarketMaker
https://github.com/DunnCreativeSS/hitBTCMarketMaker
Elevator Pitch
Market making on Deribit and BitMex failed because it counted on the market to remain more or less stagnant on the 0.25$ step. We’re now looking at automating two market making strategies for smaller volume, higher spread pairs.
Market Maker Trader
We buy just above the highest bid and sell just below the lowest ask. We repeat this process, using a fraction of account balance in base pairs, until we see the net profits as price fluctuations cancel each other out in the approaching infinity sense - while we soak up profits from the spread itself in the ‘relative orders’ strategy.
Conversationally, and not coded yet, is the ‘staggered order’ strategy, where you pick a maximum and minimum price for that pair and then stagger orders up and down the order book to buy and sell along set intervals.
Resources: Would need servers close to different exchanges.
Scalability: More coins; more scale
Pros: I’ve had .57 bitcoin volume on my deposit of $18 worth of coins on the ‘relative’ strategy in the last 24 hours, while sustaining about -0.5% growth. There are other exchanges (some with margin) where we can reproduce the bot, like bitfinex/ethfinex who have a market maker rebate paid monthly in their proprietary coin, or liquid who has a market maker rebate on pairs that were previously on qryptos
Add’l pros: on Binance I can effect a 20% or 40% income on fees via my referral link, on HitBTC the affiliate program is on pause but I may eventually be able to effect 75% - although the potential gains from HitBTC affiliate are less as there will eventually be a 0% or rebate on the maker fees
Cons: To prove profitable on Binance or HitBTC, you’d need to eliminate the fees or effect a market maker rebate. On Binance this involves volume as well as holding BNB - while still paying some fees, while on HitBTC that only involves building volume first - effecting 0% maker fees then 0.01% rebate. hitbtc dot com slash fee-tier binance dot come slash en/fee/schedule On HitBTC there’s also a market making program hitbtc dot com slash mm.
To Prove for Viability
Consistent over all types of markets, but identify when it does better
In the long run, price volatility helps the ‘staggered’ strategy more than it does the ‘relative’ strategy
Less volatility but still having volume, there will be gains from the ‘relative’ strategy
The potential loss is 1. Fees 2. Grabbing a coin that immediately dies, inclusive.
If you’re to eliminate fees or effect a fee rebate, this risk goes down
If you automate many pairs you lessen the negative effect of grabbing a coin that dies
Conversationally, a stop loss can be created to further lessen this risk
Sunk costs of dev
None - need to code the ‘staggered’ strategy, which I can do
Scalability given current market liquidity and volume
On exchanges like Binance or HitBTC, with many coinpairs that have significant volume, we can scale indefinitely
The bot currently checks the average volume per base asset, then the spread of a given pair, and enters only into those markets that meet the minimum and maximum volumes and target spread, as well as a minimum order quantity and maximum order quantity (to avoid sh#tcoins)
In base: market pair: volume in base, that looks like this:
{ BTC: { XDNBTC: 69.3393775486, VETBTC: 42.606415325 },
TUSD: { NXTUSD: 67247.7248096, TNTUSD: 53891.073732 },
MUSD: { QTUMUSD: 2545776.043225 },
NUSD: { XDNUSD: 280614.7629689 },
DUSD: { MAIDUSD: 54019.8292817 },
ETH:
{ ICXETH: 589.145211656,
NXTETH: 266.992269315,
REPETH: 616.456689351,
ONTETH: 5359.788369161,
NTKETH: 197.416308344,
KBCETH: 355.311810444,
ROXETH: 311.845628547 },
BUSD: { DGBUSD: 2445.14526651 },
GUSD: { BTGUSD: 141765.29622322 },
UUSD: { QNTUUSD: 29.4731369 },
PUSD: { ETPUSD: 68.5015549, ZAPUSD: 40.1461164 },
YUSD: { DAYUSD: 338.8757426, BERRYUSD: 248.9052084 },
QUSD: { STQUSD: 6039.7474451 },
IUSD: { WIKIUSD: 10575.2656811 },
FUSD: { ELFUSD: 14.04120135 },
URS:
{ ETHEURS: 2486.24206583,
LTCEURS: 1485.789705,
XMREURS: 2807.0239136 },
'0USD': { POA20USD: 20.1087685 },
EOS: { LSKEOS: 39.06901764 },
RWB: { BTCKRWB: 44.82036 } }
Forward Tests
This strategy was first coded about 48 hours ago on Binance. It lost about 0.5% in one day, and had 0.46 BTC in volume.
https://imgur.com/qEyq1ZB
The second iteration was on HitBTC, and as of about 10-12 hours ago has 0.12 BTC in volume (across many smaller orders, instead of the test version on Binance risking everything on one pair).
https://imgur.com/U6p4pX6
It’s lost about 0.23% in that time:
https://imgur.com/xEk6xe4
My calculations, based on losing 0.5% a day on average with entry level fees and based on HitBTC’s 0% maker fee after 1500BTC in 30-day volume, indicate that after a certain amount of time while trading a certain balance we can effect 0% fees, and therein effect profits:
https://imgur.com/HFQjgl0
This is not including the chance we can get market maker benefits or the 0.01%
rebate after 6000 BTC volume.
https://imgur.com/80ifssM
https://imgur.com/o5mpKYc
Conclusion
With enough volume anything is possible.
submitted by BasketballMan23 to CryptoMarkets [link] [comments]

How to calculate where to take profits

Greetings All,

I have recently began trading. I'm comfortable trading against USDT or USD pairs because it's easy to know exactly when to take profits. However, I'm also doing some margin trading on Bitmex where there is no USD pairs. So, if I'm trading say LTC/BTC and I believe Litecoin will be around $65 in the near future, then how do I calculate the BTC value to exit at since I also believe Bitcoin will also be increasing in value? Is it preferable to calculate the $65 based on today's Bitcoin value or what I believe it will be at the time of closing my position. Hope this makes sense. I want to set Take Profit Limit orders, so I'm just curious how others handle this.

Thanks in advance!
Mac
submitted by thethinker68 to CryptoCurrencyTrading [link] [comments]

40% realized, 124% margin balance BitMEX Trading Bot in LESS than a day!

**since beginning this draft, bot has increased to a fab 41% realized, 175% margin…**
https://i.imgur.com/y0ws8WP.png
Live stats! http://35.239.130.201:3000/
Few hours since the OG screenshot (below): https://i.imgur.com/O5CnH9f.png
https://i.imgur.com/k0bcX8L.png
https://t.me/makemarketsgeneratecrypto
Imagine a bot that aggregates the TRADES of a dozen+ exchanges, then automates buys/sells for the SMAs of buy/sell volume across that index… wouldn’t that be super-powerful?
That’s what I’ve done!
Don’t believe me? Launch your handy Chrome in web security disabled mode (because otherwise you’ll get Cross Origin Resource Policy errors.. you can try it without, if you want, and see the errors crop up on your web console… on linux/mac: chromium-browser — disable-web-security — user-data-dir=~/ or google-chrome — disable-web-security — user-data-dir=~/, and plug in your testnet API keys here: http://35.239.130.201/
The keys are saved in localStorage, never hitting the server!
Next, again in settings, set your first browser tab to BTCUSD and your second browser tab to ETHUSD (no other pairs work as-yet…)
Voila!
It’ll build a history (ignore if it says ‘history not found, naughty naughty — the original code has two pieces that weren’t published — a CORS proxy and a history API.)
then wait for it to reach 14+ 10 second bars, it’ll show you SMAs/EMAs, it’ll fail on the first api /order calls without an orderQty because we don’t want it to trade midswing, after the first SMA cross you’ll achieve victory…
It’ll perform even betterish almost the sameish on livenet, it loses some margin bal when realizing gains… because there’s 0 volume on testnet all told it should perform better on livenet…there is an issue that less orders (post-only, up/down an interval) will be filled BECAUSE more volume…
https://t.me/makemarketsgeneratecrypto
Want to see my (while beta + testnet) opensource code? https://github.com/DunnCreativeSS/aggr.trades-bitmex-sma-bot
Want to run it on livenet? Let’s discuss a subscription fee (variable with volume + gains…) and I’ll change the code in a jiffy to give you that facility! NOTE beta livenet (before fixing it to whitelist account #s) here: http://34.68.94.126/
https://i.imgur.com/O5CnH9f.png
submitted by paxicraw to btc [link] [comments]

42% realized, 47% margin balance BitMEX Trading Bot in LESS than a day!

https://i.imgur.com/k0bcX8L.png

https://t.me/makemarketsgeneratecrypto

Imagine a bot that aggregates the TRADES of a dozen+ exchanges, then automates buys/sells for the SMAs of buy/sell volume across that index... wouldn't that be super-powerful?

That's what I've done!

Don't believe me? Launch your handy Chrome in web security disabled mode (because otherwise you'll get Cross Origin Resource Policy errors.. you can try it without, if you want, and see the errors crop up on your web console... on linux/mac: chromium-browser --disable-web-security --user-data-dir=~/ or google-chrome --disable-web-security --user-data-dir=~/, and plug in your testnet API keys here: http://35.239.130.201/

The keys are saved in localStorage, never hitting the server!

Next, again in settings, set your first browser tab to BTCUSD and your second browser tab to ETHUSD (no other pairs work as-yet...)

Voila!

It'll build a history (ignore if it says 'history not found, naughty naughty - the original code has two pieces that weren't published - a CORS proxy and a history API.)

then wait for it to reach 14+ 10 second bars, it'll show you SMAs/EMAs, it'll fail on the first api /order calls without an orderQty because we don't want it to trade midswing, after the first SMA cross you'll achieve victory...

It'll perform even betterish almost the sameish on livenet, it loses some margin bal when realizing gains... because there's 0 volume on testnet all told it should perform better on livenet...there is an issue that less orders (post-only, up/down an interval) will be filled BECAUSE more volume...

https://t.me/makemarketsgeneratecrypto

Want to see my (while beta + testnet) opensource code? https://github.com/DunnCreativeSS/aggr.trades-bitmex-sma-bot

Want to run it on livenet? Let's discuss a subscription fee (variable with volume + gains...) and I'll change the code in a jiffy to give you that facility!
submitted by paxicraw to BitMEX [link] [comments]

[uncensored-r/CryptoCurrency] The Absolute Fucking Impossibility of Reporting Taxes On This Shit

The following post by IshizakaLand is being replicated because some comments within the post(but not the post itself) have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ CryptoCurrency/comments/7m56g0
The original post's content was as follows:
I'm in the US. I day-trade cryptocurrencies and have made tens of thousands of orders across many pairs and exchanges (and have made substantially more than I would have by just "hodl xd", even with short-term penalty added, thank you very much). Uncle Sam wants his pie. Okay, fine. I know exactly how much I've made by simply tallying the deposits and withdrawals from by bank to my fiat gateways, and I'm willing to be taxed on that, but...
The IRS expects me to report every single transaction on a form with each interval gain and loss step reported in USD. Every single one of my tens of thousands of orders and partial trades, most of which having no actual realization in USD, yet somehow I'm expected to calculate the imaginary USD gain/loss of each when BTC/USD fluctuates by whole percents every other minute on the reference fiat exchange (GDAX, say). No matter what painstaking diligence is paid to reporting the notional USD gain/loss for every alt pair and perpetual swap trade by cross-referencing those irrelevant data points, I will inevitably end up with a totally fictional sequence of numbers that deviates significantly from my known, actual USD gain from what hit my fucking bank and what is presently on my exchange accounts. This especially when transaction and trading and funding fees are taken into account, as well as the nightmare of slippage and partial fills.
Also Bittrex completely wiped out my trade history, and everyone else's from what I hear, but my deposits/withdrawals are still there and that should really be all that matters (but not to the IRS apparently). I also had a stint on poswallet.com, same situation.
Now here's the mind-melting part: I use BitMEX. I've made most of my gains from there. (Yes, I know that US customers are ostensibly disallowed by BitMEX from using BitMEX, but we all know this is lip service, and it is not illegal in itself by US law to violate a site's T&S, plus at any rate I could establish a non-US business entity if need be, and honestly BitMEX rocks so hard I'd be willing to renounce citizenship and move to keep using it). The IRS virtual currency guidance defines cryptocurrency as "property" and seems to concern itself with "exchange of virtual currency for other property", which is taxable. Okay, but is a perpetual swap or futures contract taxable? How is it possible to calculate the "cost basis" of a BitMEX position, where posted margin can arbitrarily and dynamically scale? No actual buying or selling of bitcoin occurs on BitMEX, so how is it taxable? How is it reportable? How?
How the fuck do I even report any kind of short position on Form 8949? This would apply to Poloniex and Bitfinex as well.
The IRS stipulates different (and highly favorable) tax rules for conventional futures trading, such as the 60/40 rule, where as I understand it 60 percent of futures gains are considered long-term and 40 percent are considered short-term, as marked-to-market. Would this apply to BitMEX futures as well? And how about when, at the end, you withdraw your bitcoin from there and it becomes "property" again to sell for fiat?
Even if I went to a tax attorney or CPA, as I intend to do, would they know more than me what with the terribly incomplete guidance the IRS has given about all this? Nevermind the logistical insanity of the step-by-step fictional USD conversion process. And forget about bitcoin.tax; they don't handle BitMEX or any kind of serious trading activity.
I've made a lot of money. I'm fine with being taxed fairly on my net gain. But the IRS has not adequately addressed the problems I have described in their guidance. What the hell do I do?
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Bitmex Leverage Trading Tutorial For Beginners Bitcoin ... Bitmex Margin Trading Strategy 100x Leverage Tutorial BitMEX Arbitrage Lesson 1 Bitmex Margin - Make 400$ with 1000$ fund in minutes How to Trade on Bitmex the simplest way - Valucop

Different pairs on the exchange offer different levels of maximum margin, however. This ranges in many cases from 20x maximum margin on TRX /USD to a 50x maximum margin on ETH/USD. Currently, BitMEX offers a variety of different trading pairs and combinations that when placed in combination with one another can be fairly effective. Bitmex is a centralized cryptocurrency exchange located in Seychelles. It currently has a 24-hour trading volume of $1,730,272,523 from 2 coins and 2 trading pairs. Bitmex is established in year 2014. More information about Bitmex exchange can be found at bitmex.com BitMex (Bitcoin Mercantile Exchange) is one of the largest cryptocurrency derivatives trading platforms in the world. Its daily volume of BTC exceeds one million dollars and it is currently recognized as the best exchange for futures trading, so it is important to understand that on this platform we do not trade directly with our cryptocurrencies, but with the value they represent through Good trading strategies and sticking to them separate professional traders from gamblers. In this article we want to show you a couple of trading strategies suitable for Bitcoin margin trading on BitMEX.Being used correctly, those high probability trading strategies offer a realistic chance to make good money on BitMEX. Margin Trading. BitMEX offers up to 100x leverage on some of its products. This means that you can buy as much as 100 Bitcoin of contracts with only 1 Bitcoin to back it. But be careful - with high leverage comes accelerated profit, but also the potential for accelerated loss.

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Bitmex Leverage Trading Tutorial For Beginners Bitcoin ...

Today's video is a guide to the popular cryptocurrency futures exchange, Bitmex. We cover liquidations (and how to avoid them), contract size, stop orders, UI, and more. For non-US traders: https ... Bitmex Leverage Trading Power To Trade 100x Of Your Investment ! - Duration: 25:17. ... Key Differences Between Margin Trading and Operating Leverage - Duration: 5:27. Timothy Sykes 6,735 views. "Understanding Bitmex" is the perfect guide on trading on Bitmex you have been looking for! Save your trades, make more BTC with as little as $100 with this book as your guide. You can buy with ... BitMEX Margin Trading Tutorial - Duration: 44:52. The Gentlemen of Crypto 2,605 views. 44:52. How to profit consistently on Bitmex: Trading the chop, utilizing stops, ... Join my Private Coaching Program: http://scrembocoaching.com How do you feel about Bitmex Leverage Margin trading ? In this video I am going to show you how ...

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