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![]() | submitted by benebit to CryptocurrencyICO [link] [comments] https://preview.redd.it/1i87hxupt4g51.png?width=1070&format=png&auto=webp&s=e2c738efddcc055e715fa74a16b9e25db3fbe9d3 Trust is one commodity in the cryptocurrency market that is more valuable for trading platforms than anything else, being that the crypto industry is renowned for the number of platforms that are either maliciously or negligently harmful to their clientele. It also takes a significant amount of effort and consistency in order for a platform to be able to build up trust within the community, and this also adds to the importance for any cryptocurrency trading platform to be able to build rapport with users and a reputation for professionalism. We’re breaking down a short list of the crypto trading platforms which investors and traders trust the most in 2020, and exactly how these platforms have built the reputations that they had today. Trust in the Crypto Space is Hard to Earn, Can be Lost in a Day https://preview.redd.it/j0islgiwt4g51.jpg?width=1280&format=pjpg&auto=webp&s=756a938697cbd77ff0812ccea373f85d43a7d8c0 One of the most important lessons for any cryptocurrency trading platform is to learn from the mistakes of others instead of experience, and that trust with cryptocurrency traders is hard to earn and very easy to lose. One of the best examples of a trading platform falling from grace in a spectacular fashion is the implosion of crypto margin trading platform, Bitmex, in 2019 and 2020, where a stream of scandals relating to the integrity of the platform has seen a huge downturn in trade volumes and revenue at the platform. The downfall of Bitmex acts as a warning to any cryptocurrency trading platform that decides to take their users and the cryptocurrency community as a whole for granted and to think that it won’t have an impact on the bottom line. What are the Important Considerations? Security is one of the most important considerations for traders when selecting platforms to use and remain with long-term, being that so many platforms have lost their users’ funds or have implemented low-quality security measures. As well as this, the integrity of the platform is another major factor in the perception of the cryptocurrency community as to the quality of a given exchange or brokerage, being that many trading platforms have implemented questionable methods of operating. Another major concern for crypto traders is the communication channels that they have available with a trading platform, and the quality of the customer service that is available at the platform, with the most respected trading platforms also having the best customer service. Which Crypto Platforms Do Traders Trust the Most?
https://preview.redd.it/vfjuha5yt4g51.png?width=1000&format=png&auto=webp&s=a3dea709496f8d854bf7be577309fb87f443d995 Although PrimeXBT has only been in the cryptocurrency market for the past 3 years, in that time it has rapidly built a reputation for being a respected and trusted place to trade cryptocurrencies and a wide range of traditional assets. Because of the robust security measures implemented throughout the site, it has never been hacked or beached, and this has been a fundamental reason for PrimeXBT building the reputation that it has. As well as this, PrimeXBT was voted as having the best customer service of the top 5 cryptocurrency margin trading platforms on the market, and being the only platform to score high points in all categories in the study. PrimeXBT also provides regular daily or weekly updates about new features and tools that are being built into the platform, and has a variety of different communication channels available for traders and investors to reach out and get in touch.
https://preview.redd.it/cwxjjbizt4g51.png?width=1000&format=png&auto=webp&s=b4d370d3ea5508bfe7448b0b6c96e2ddd393388b Coinbase is a cryptocurrency trading platform that has been an integral part of the industry for many years, and has been a market leader for much of the time. Coinbase implements professional-grade security measures throughout the platform, and also is known for having good trading systems and features available. The only area where Coinbase has received some flak has been in the significantly higher fees the platform charges compared to other trading platforms, and this has brought a bad taste with some traders, however as a whole Coinbase has solidified its reputation over the past years. In Summary: Which Crypto Platforms Do Traders Trust the Most? There are a number of key factors that determine the trust that traders and investors have for any given trading platform, with all of these being important, and trading platforms that appropriately focus on them being the ones that have the best reputations in the industry. Things like the security and safety of a platform, the communication between the platform and the community, and the integrity of the platform and its track record over any significant period of time, will contribute to the platform's reputation in the eyes of crypto traders. To find out more about PrimeXBT and Coinbase, two of the most well-respected platforms in the cryptocurrency market, check out PrimeXBT’s security features and Coinbase. |
![]() | \This post has been written by Hedgehog, an MCS influencer and one of Korea's famous cryptocurrency key opinion leaders.* submitted by MyCoinStory to MyCoinStory [link] [comments] https://preview.redd.it/bbpp5xnhqph51.png?width=1024&format=png&auto=webp&s=a20d1f5bafd59fa278e1ed677a510f505efd77df #Be_a_Trader! Greetings from MCS, the derivatives trading platform where traders ALWAYS come first. Cryptocurrency traders are realizing valuable profits through intense trading in their own way. The strategy I am going to share with you is not complicated and may not be the best strategy, but it is a way to trade Bitcoin that is 100% profitable. 🎯 What are Funding Fees?https://preview.redd.it/4u0f9vniqph51.png?width=1302&format=png&auto=webp&s=a6d77da5f4930a7699b730d57096a7248dd2a907 If you want to trade in bitcoin with 100% profitability, you must first understand the concept of funding fees of perpetual contracts. Due to the nature of Bitcoin perpetual contracts, as it it is a futures product with no expiration date, the gap between the spot price and contract price is closely maintained through funding fees. In simple terms, the funding fee is paid or received once every 8 hours each day to prevent the price of the MCS BTC/USDT perpetual contracts from diverging excessively from the spot price by that can occur due to higher demands in shorts or longs. For more details regarding funding fees, please find the helpful links below. Funding Overview : https://help.mycoinstory.com/hc/en-us/articles/360041059811-Funding-Overview 🎯 Bitcoin Trading Strategy with 100% Profitabilityhttps://preview.redd.it/k2g3j0ajqph51.png?width=1300&format=png&auto=webp&s=f51122288180606dd46c3a4b0cfc7af2ebd844d0 Once MCS traders have a complete understanding of funding fees, you can start trading Bitcoin with 100% profit. This trading strategy is called the 1x Short Strategy. Due to the nature of the Bitcoin perpetual contract inverse product, if I take a 1x short position, my bitcoin quantity will vary depending on the bitcoin price, but strangely my assets will remain constant. In this situation, if you receive funding fees, you will continue to accumulate huge interest. If you are new to the 1x short strategy, you may have not resonated with the details above. I will now explain the details one by one below. 👉 How Can My Assets Be The Same When The Bitcoin Quantity Fluctuates?https://preview.redd.it/svtr2hwjqph51.png?width=1386&format=png&auto=webp&s=3a252e579956ea055ee3d97e270191b0edb20526 The above chart is a shows the BTC profit and loss when entering the 1x short position with 1 BTC at 10,000 dollars (blue line) and holding 1 BTC as it is (red line). When 1 BTC is held as it is, the amount of BTC does not change depending on the price change. However, if I took a 1x short position with 1 BTC for 10,000 dollars, my BTC profit or loss will fluctuate as shown in the in the blue line according to the change in BTC price. You don't have to worry too much if a 1x short position generates BTC profit or loss. Let's look at the chart below. https://preview.redd.it/3vclmzhkqph51.png?width=1388&format=png&auto=webp&s=9a45d517a0264e8d215d94e4ca95877e8514630a In the chart above, the blue line is a position of 1x short with 1 BTC at 10,000 dollars, and the red line is just holding 1 BTC. In this chart, you can see how the value of the asset changes according to the price change. In a glance, you can see that the value of 1 BTC changes according to the price changes. Surprisingly, the blue 1x short position line stays stable in value. I believe that the more experienced MCS traders realized why the value of the 1x short remained constant. However if you encountered this for the first time, it may be a little difficult to understand. For everyone who did not completely understand, I will explain the 1x short strategy with an example. 💡 Example:Wait What‼️ Although the amount of BTC decreased, the price of bitcoin increased by the amount of lost BTC, and the asset value of Hedgehog remained the same.‼️ It is the same in the scenario when the bitcoin price falls. In the case of a 1x short position, if the bitcoin price falls, the amount of BTC increases accordingly, but the bitcoin price decreases, so the asset value of Hedgehog remains at about $10,000. Do you now understand how the 1x short strategy freezes the asset value? Let's move onto the 2nd question. 👉 But Receiving Funding Fees For Short Position Isn't GuaranteedIf you have clearly established the concept of Funding Fee, you may think "Funding isn't always paid by longs". Funding fees are in some cases paid by longs and some cases paid by shorts. However, if you look at the major cryptocurrency derivatives exchanges Bitmex, Bybit, and MCS, if 90 funding fees are settled per month, more than 95% of them are statistically paid by long positions. https://preview.redd.it/1x4ruzfmqph51.png?width=1063&format=png&auto=webp&s=941a7baa05ba76883315210276d94d42498f66bc https://preview.redd.it/huecvdsnqph51.png?width=1066&format=png&auto=webp&s=a1c376f071f5a47c010164c0309a962a474b38ce If you look at the two tables above, it shows the funding settlement history of BTC/USDT Perpetual Contracts on MCS. Since the first launch of MCS on June 15, the funding fee has been settled about 171 times. If you don't believe my words, you can check the MCS funding details directly through the link below. MCS Funding Details : https://mycoinstory.com/contract/funding-history https://preview.redd.it/ruzfyjioqph51.png?width=2324&format=png&auto=webp&s=97a3e5d9c87ce79f75411c9ee7c1178e379ae7da Some of the world's major banks already have zero interest rates, and many are heading towards zero interest. The Korean bank installments are also 3-4% per year at best, and if you do not pay installments for a long time, you will also have to pay taxes. So I started to take a 1x short installment at MCS. In addition, since the interest on the funding fee comes in every 8 hours, real-time compounding is also possible. https://preview.redd.it/i6oir60pqph51.png?width=2070&format=png&auto=webp&s=165e22eb6fbaeb6eb71dd2f8f5a3b19a0098750d In particular, if you look at the funding history on July 28th, you have received an interest of 0.22% in one day. To expand the timeframe, that would be 6.6% of interest for the entire month and 79.2% per year!!! 79.2% INTEREST!! Moreover, if you keep increasing your 1x short position with real-time compounding, this is a risk-free, unconditional way to trade Bitcoin. Try risk-free trading after familiarizing yourself with the 1x short strategy. I am a Bitcoin margin trader, Hedgehog. Thank you for reading this post. \For convenience purposes, trading fees and withdrawal fees are not included in the example of 1x short strategy in this article. The captured image of is an account Hedgehog actually holds with the 1x short savings.* 🔸 MCS Official Website : https://mycoinstory.com 🔸 MCS Telegram : https://t.me/mycoinstory_en Traders ALWAYS come first on MCS. Thank you. MCS Official Twitter (EN): https://twitter.com/mycoinstory_mcs MCS Official Facebook: https://www.facebook.com/MyCoinStory.official |
![]() | *This post has been written by Hedgehog, an MCS influencer and one of Korea's famous cryptocurrency key opinion leaders. submitted by MyCoinStory to MyCoinStory [link] [comments] https://preview.redd.it/kv2do3np35g51.png?width=1024&format=png&auto=webp&s=21dfd743ae990fa905d2c8224f8bc75dccd7f8c6 #Be_a_Trader! Greetings from MCS, the derivatives trading platform where traders ALWAYS come first. If you are a bitcoin trader, you have probably heard of bitcoin leverage trading at least once. I think leverage is a very important function in bitcoin margin trading, along with short selling. What does leverage mean here? https://preview.redd.it/mwbnwlsq35g51.png?width=1300&format=png&auto=webp&s=ce131d20e644c1f1e99237100d2aa5a67351fc2d The Definition of LeverageLeverage comes from leveraging, and we all know what a lever does unless you fell asleep in middle school. The lever principle consists of force, the perpendicular distance from the pivot, moment, and more... Actually, I forgot all about the concept of the lever principle. ;)A simple explanation of the lever principle is the force multiplication using a small force to lift large objects. Scissors and bottle openers that we often use in everyday life are all using the principle of the lever. The leverage in Bitcoin margin trading can also be understood as a function that gives the effect of a large investment with a small investment. Leverage is also commonly used in real estate transactions. When one's capital is $1 million and wants to purchase a $2 million building, borrowing $1 million from a bank or other financial institution and purchasing the building is also included in the concept of leverage. By applying this concept directly into the leverage on bitcoin margin trading, which will be explained below, one can purchase a $2 million building with a capital of $1 million, doubling the leverage. The maximum leverage available for each cryptocurrency derivatives exchange varies slightly. You can use up to 100x leverage on the MCS Bitcoin derivatives exchange. This means that I can trade using up to 100x leverage, which means I can invest up to 100x of my capital. When making a general Bitcoin transaction, if my capital is $500, the maximum number of Bitcoins that I can be purchased is only $500 worth of Bitcoins. However, on the MCS Bitcoin derivatives exchange, if my capital is $500 and uses 100 times leverage, I can trade with $50K worth of Bitcoins. https://preview.redd.it/urieqmpr35g51.png?width=1300&format=png&auto=webp&s=a705d09d1930fc2387254c7fa400ea8521218372 The profit and loss rate when trading with and without leverage is the difference between heaven and earth. Assuming that the Bitcoin price has doubled after purchasing, if you invested $500 without using leverage, you will make a profit of $500 and your last asset balance will be $1K. On the other hand, if you used 100 times the leverage and invested $500, the actual transaction will be $50K worth of Bitcoin, so your profit will be $50K, and my final asset will be $50.5K. As you may have noticed, you can earn as much profit as the leverage used. Thus, although my capital may be limited, by using leverage on the MCS Bitcoin derivatives exchange, I can realize an unbelievable return on my capital. https://preview.redd.it/lcu3nffs35g51.png?width=1300&format=png&auto=webp&s=7b671baceea2a26d92259c563c4080c64f1ea98d Since I am telling you about leverage, I would like to introduce to the MCS traders who actually realized financial freedom through Bitcoin margin trading at the end of 2017. BJ Wedorm, a legend amongst Korean margin traders, started investing in Bitcoin with $4K and "retired" after a year of trading with a fortune of $10 billion. He who was born in 1996-1997 traded on BitMEX using leverage to triumph the financial freedom we all dream of. https://preview.redd.it/a977kbft35g51.png?width=1300&format=png&auto=webp&s=1ec504f27487b192160dbc3e96da74efca4999c7 💡 "Poverty has many roots, but the tap root is ignorance." - Lyndon B. JohnsonIn Bitcoin margin trading, leverage is a means of trading large investment funds with small capital. Leverage trading is a typical high-risk high-return, a double-edged sword that can be beneficial or harmed to you depending on how you use it. I wish all MCS traders to realize financial freedom by wisely using this leverage, a key element of Bitcoin margin trading, along with short selling. I am a Bitcoin margin trader, Hedgehog. Thank you for reading this post. \Trading with leverage is clearly a way to earn a large return; however, it is highly risky. Before trading with leverage, I strongly recommend that you fully understand the advantages and disadvantages of leveraged trading.* 🔸 MCS Official Website : https://mycoinstory.com 🔸 MCS Telegram : https://t.me/mycoinstory_en Traders ALWAYS come first on MCS. Thank you. MCS Official Twitter (EN): https://twitter.com/mycoinstory_mcs MCS Official Facebook: https://www.facebook.com/MyCoinStory.official |
![]() | Here me out. Today's hottest platforms (e.g. Binance, BitMex, Robinhood...) are just casinos disguised as financial tools. submitted by EarnBet to CryptoMarkets [link] [comments] Nowadays, the biggest casinos on the block don’t offer Blackjack or Dice. Instead, they offer a host of features like 100x margin, options trading, and now yield farming. I don't want to criticize innovative platforms, but rather, draw parallels between them and gambling sites (like our own EarnBet.io). The average user understands the risks when they play a hand of Blackjack.The average user may not understand the risks when they open a 125x margin position on Binance (and most on this sub are probably more knowledgable than the average user I'm referring to). Let's take a look at BitMex https://preview.redd.it/mceq1ae67ua51.png?width=740&format=png&auto=webp&s=c4c8b313c2fc50687995a4e152d277a464b41196 Arthur Hayes, a Citigroup and Deutsche Bank alumnus, has become a billionaire and one of the ultimate casino bosses by bringing BTC derivatives contracts and margin trading to the mainstream. Woohoo, finally we can make massive bets with small amounts of collateral using 100x leverage. Like most unregulated crypto exchanges offering complex financial products, BitMex has faced accusations of trading against their customers, weaponising server crashes, and profiting heavily from liquidations—accusations Hayes has denied of course. If the house always wins, BitMex has straight-up built itself a mansion. What about Binance Casino? https://preview.redd.it/53su128f7ua51.png?width=1600&format=png&auto=webp&s=adbb38beca84f47a3ded911147d98552c923e243 Not to be outdone, Binance recently began offering 125x leverage, graciously even explaining why this extremely high-risk position could be more profitable than a boring 20x trade: Don't you want an extra $1250, or nah? Binance recently delisted FTX tokens (leveraged bull/bear assets) explaining that they were too confusing for users. Two weeks later, Binance released their own arguably more complex leveraged tokens. https://preview.redd.it/7bi8rqsj7ua51.png?width=700&format=png&auto=webp&s=60aa18151fa1890775a907c0adb2fd6eff6391e0 And now of course, Robinhood https://preview.redd.it/b3n15uvn7ua51.png?width=960&format=png&auto=webp&s=7971738b6eb5b1410e9ef110396dc34c3fd9b600 Even platforms with products outside of the cryptocurrency space, like Robinhood, have realized they can turn their stale retail investing apps into casinos, all without having to attain a gaming license. Robinhood, which offers cryptocurrency investing, is super aware of the crypto-trader mindset. With an average user age of 31, Robinhood offers tempting gains from penny stocks, margin trading, and options. "The gambling casinos are closed and the [Federal Reserve] is promising you free money for the next two years, so let them speculate. Let them buy and trade. From my experience, this kind of stuff will end in tears." - Leon Cooperman, billionaire investor "It’s almost like being in Las Vegas. They want to maximize the emotional impact of seeing that number” - Dan Egan, MD of Behavioral Finance and Investing, Betterment Various message boards recruit members to run stocks up in thin after-hours sessions. Now companies advertise on WallStreetBets and /biz/ to pump their stocks and undereducated young investors are often left holding the bag. Conclusion Most exchanges are basically just casinos, and the behavior of most retail investors is similar to gambling. Trading on margin against the massive institutions of the world (and front-running exchanges) probably gives you worse odds than playing Blackjack with us. Agree? Disagree? |
![]() | I messed up really badly. More so than I ever had in my life. I lost all my crypto and fiat funds, and have no one to blame but myself. Throughout the entire bear market of 2018, I’ve been collecting as much BTC and ETH as I could. I fully believed in the tech, as well as the opportunity for financial freedom that was presented in front of me. I used the money from part time jobs (while studying at university full time) and a large portion of my student loans to buy crypto every month. Even as the bear market diminished the value of my portfolio, I kept on buying knowing that it would potentially pay off one day. I was in my last year of university and my thinking was that crypto at the very least could help me pay off my student loans. And for the past couple of months, everything seemed to be going according to plan. Crypto was booming literally just in time for my graduation. submitted by nomoresaddays to CryptoCurrency [link] [comments] That’s when I discovered Bitmex. Within a month, my discovery of Bitmex managed to ruin my life. I started off with a small deposit of 0.01 BTC, and I managed to flip that in to 0.2 BTC within a week. I was euphoric. Then as quickly as I made it, I lost it all to one swift move by the market. So I made a new account thinking that I knew what I was doing this time around and deposited a slightly larger amount. Liquidated. I deposited again. Liquidated. It got to the point where my bank account had no money left to fund my Bitmex account and that’s where I made my biggest mistake. I decided to “borrow” funds from my BTC and ETH cold storage to try to recuperate everything I’ve lost so far on Bitmex. And as I now know, revenge trading never works. Today marked the end of my crypto career, all my alts were liquidated when BTC broke 9k and pretty much dumped right after. I have now no more funds left to deposit and have lost all my crypto. Everything that I’ve been collecting during the bear market, just to have it taken away right before the bull market. I’ve lost a total of 1BTC worth of crypto, which may not seem like that much to some of you, but that was literally everything that I had. I have nothing left now. I can’t find someone to hire me with my god-damn useless degree. I have no way of paying off my student loans. I feel stuck. I feel scared. I feel angry that I screwed myself this hard. I’m absolutely freaking out right now as I’m typing this and I’m having thoughts of killing myself… because I really don’t think I can recover from this. I don’t know what to do. If there’s anything that anyone can take away from this, it’s to not mess around with margin trading and leverage unless you really know what you’re doing. It’ll be the death of you. Literally. https://i.redd.it/xh9v7lhmcg131.png https://i.redd.it/k31709ulcg131.png https://i.redd.it/7k7bq04lcg131.png https://i.redd.it/0dpffljkcg131.png EDIT: Thank you to everyone who gave advice, shared a story, or just left a positive message. I can’t reply to you all, but your support has been overwhelming and very helpful. I think after some time away, I’ll manage to be okay. I just need to find some time for myself and figure things out. |
![]() | One of the most rewarding methods of trading crypto is Margin Trading. In this article, we are going to provide you with a complete list of Best Crypto Margin Trading Platforms that you can trust and use to earn high profits... Reach us on 👉🏻 https://bit.ly/2ycn2yS submitted by cryptoknowmics to ckm_official [link] [comments] #Cryptomargintrading #margintrading #trading #bitmex #binance #primeXBT #etoro #cryptotrading #cryptotradingplatform#cryptocurrency #crypto #bitcoin #Exchange #cryptoinvesting #Cryptopayments #bitcoinwallet #cryptomarket |
![]() | 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. submitted by holderlab to Bitcoin [link] [comments] 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 warIn 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 marketBitcoin’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 cryptocurrenciesThe 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 TradingThe 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 CMEIn 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 situationAlready 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 StipsFinTech to Bitcoin [link] [comments] https://preview.redd.it/axgh9qjra7n41.png?width=1200&format=png&auto=webp&s=32aa10a4e0fc0e0744baf5d34533560dd9e02bbe 🔥This day will be remembered by the cryptocurrency community for a long time: market capitalization fell by 50% per day, Bitcoin also by 50% — the extreme price on the BITSTAMP exchange is $ 3850, Ethereum fell 55%, below $ 90. Losses of top altcoins per day reached an average of 60%. Meanwhile, the employees of the top crypto exchanges didn`t disappoint their users, but did as BitMEX: the Huobi and Bithumb exchanges encountered performance problems and users were unable to fulfill applications or go to the site. “Goodbye, dear deposit!” See you soon!”. Of course, similar problems were observed at the BitMEX website. To date, the performance of the platforms has been fully restored, but this is only now. 📍What briefly happened? 📉First, the support line, which dates back to 2015, collapsed by $ 7500- $ 7300, after which the price for several minutes was below $ 6000 (all traders have already caught a long squeeze here). After 12-hour consolidation in the range of $ 5700- $ 6100, the price of the first cryptocurrency continued its free fall, updating the annual minimum below $ 4000. ❓Causes 🔍The big sale was influenced by the situation in traditional markets. Global financial indices fell by more than 25% in two weeks, and this was a record drop since 1987! Bitcoin used to show an inverse correlation with the S&P 500 with minor drops caused by local problems. But today, when a full-scale catastrophe occurs in the stock market, Bitcoin is falling along with the stock market and even overtaking it due to its small capitalization and low liquidity. Obviously, investors don’t perceive cryptocurrencies as a defensive asset, and sell when problems arise, as well as to pay off margin calls in traditional markets. The decline in bitcoin to the levels of the beginning of 2019 instigated panic and a massive drain, which made the inexperienced crypto-traders even worse and the collapse continued even in their panic. 💡What to do next? 📍If you are not afraid to form a long-term portfolio of cryptocurrencies, then you can think about starting to buy a much cheaper portfolio of altcoins and BTC.👉If you are a supporter of entering the market for short-term or day trading, we recommend that you wait for a clearer technical picture at least at 1 hour BTC timeframe. Since there is panic on the market now, the daily volatility has reached the limit at which it is no longer possible to trade. It is better to wait for this period in the 💰 fiat and watch the market from the outside. A road to $3500- $2000 is also possible. |
In this article we will discuss bitcoin margin trading platforms, and their features, and pros and cons. If trading is a business, margin trading is like a business loan or credit with risks and interest payments. Usually, cryptocurrency trading markets are made up of two components: Spot Exchange and Margin Trading. A Margin Trading Tutorial for Bitmex.com. Trading on a margin is basically borrowing money from a broker to place an order. It is a direct loan from the website that you want to trade at. The leverage provided by margin trading enables you to buy more than what you actually have. Bitmex.com offers up to 100x leverage for BTC and goes up to 33 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 BitMEX is a dedicated Bitcoin and cryptocurrency margin trading exchange. BitMEX is a pioneer in margin trading of cryptocurrencies since 2015 and is comprised of a dedicated team of developers and economists, rightly needed for this kind of business. Overview. In the derivatives space, margin refers to the amount needed to enter into a leveraged position. Initial and Maintenance Margin refer to the minimum initial amount needed to enter a position and the minimum amount needed to keep that position from getting liquidated. As various users have varying trading strategies, BitMEX has employed two different methods of margining:
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⚡️ Welcome Welcome Group "Margin Trading" Gather a Closed group, and while out instructions and deals ===== Ký Advertising sign: BingBon: https://bit.ly/bingbon0 (Transactional copy floor ... 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 ... Bitmex Tutorial - How To Trade Leverage On Bitmex - Bitmex Margin Trading & Stop Lose Tutorial! - Duration: 16:11. MaxDapp 1,174 views. 16:11. Link for 10% discount on trading fees for first 6 months - https://goo.gl/ev3Qos BitMEX crypto margin trading exchange allows us to leverage long and short positions easily. Leverage can be 1:1 up ... Recently, more and more people are making money by margin trading on BitMex. Probably, that's why we are continually asking questions about the BitMex margin trading.