Trading Bitcoin With Software on Bitstamp cooking adventure

Margin Trading on Bitstamp enabled?

Hello, is Margin Trading (e.g. short postitions) enabled on bitstamp already? thanks in advance
submitted by herbie80 to Bitstamp [link] [comments]

MXC Exchange – One-stop Service Provider

MXC Exchange – One-stop Service Provider
Established in 2018, MXC has become a one-stop service provider. It is now able to provide users spot, margin, contract, leveraged ETF, Index Products, Contract, PoS Staking, OTC services.
It emerges as one of the fastest growing exchanges in the world. In 2019, the daily trading volume of MXC took 5% of the world’s digital market. Besides, leveraged ETF products on MXC took lion share in the world of the same kind of products based on data from CryptoRank. On top of that, It obtained regulation-compliance licenses in many countries, like U.S., Canada, Australia, etc. and is able to carry out digital asset service in these countries.
https://preview.redd.it/xmdorlqtjt951.png?width=1298&format=png&auto=webp&s=b791ee9dc47ff43cca9bf281cacbc05a61fa2632
In the aspect of OTC trading, MXC established partnership with Simplex, a European regulation-compliance payment company, and Banxa, a legal payment company in South-east Asia, allowing users to use Visa and Mastercard to buy cryptocurrencies, like BTC, ETH, etc. directly.
In the aspect of spot trading, MXC now support over 200 trading pairs. In addition to the top market cap coins and token, it has listed many high-quality DeFi projects, like COMP, MKR, SNX, KNC, LEND, REN, BNT, IDEX, SWTH, OKS, RUNE, KAVA, BAL, UMA, etc. as well as projects of Polkadot ecosystem, like KSM, EDG, PCX, RING, etc.
In the aspect of margin trading, MXC supports the largest number of margin pairs among all exchanges across the globe, with 2 – 10x leverage available. The automatic loan and repayment functions are available. With the coming of the upgraded margin system, the depth, price difference, loan efficiency and matching efficiency have greatly updated.
In the aspect of leveraged ETF, MXC, learned from traditional financial products, introduced in re-balance system, so there’s no liquidation risks in buying leveraged ETF products. Leveraged ETF tracks the changes of the underlying assets with 3x leverage. “3L” products refer to 3x long, while “3S” products 3x short. Now it 3x leverage for 29 cryptocurrencies, including BTC, BCH, BSV, DASH, ZEC, ATOM, XTZ, ALGO, etc.
In the extreme market on March 12, 2020, BTC plummeted a high of 52.36% and the ordinary 3x leverage products for BTC plunged by 157.08%. However, with the re-balance system, the BTC3L product on MXC decreased by 92.96%, lower than the ordinary 3x leverage products and protect the interest of users in some extent. Furthermore, in the following market, the BTC3L product rose by 236%, higher than the 167.41% of ordinary 3x leverage product.
The leveraged ETF once became the label of MXC, "Huobi's OTC, OKex’s contract, MXC’s ETF and Binance's spot." The popularity of leveraged ETFs has attracted many exchanges to follow suit.
In terms of index products, MXC officially launched index products under the ETF zone, including decentralized storage asset index, mainstream cryptocurrency index, DeFi asset index, public chain index, 2020 halving cryptocurrency index.
MXC index products are similar to traditional financial fund products, and each index product is composed of multiple constituent cryptocurrencies. According to the announcement, the MXC Index product will be adjusted according to the average daily turnover ratio of the previous 30 days, that is, the proportion of the component cryptocurrency will be adjusted. If the target does not meet the representativeness and investability, the index may be removed from the product.
Decentralized storage combination components are STORJ, LAMB, GNX, BLZ; mainstream currency combination, components are BTC, ETH, LTC, EOS, ETC, BCH, BSV, XRP; DeFi asset components are KNC, ZRX, KAVA, NEST; Public chain combination, the components are TRX, VET, NEO, QTUM, BTM, ONT, IOST; halving index components are BTC, ETC, BCH, BSV, ZEC, DASH.
Index products can help users not miss the bull market. Any one of the constituent cryptocurrencies increase, the user can make gains. Secondly, it can help avoid the risk of a single cryptocurrency’s plunging. In addition, it can also help save investment time and improve investment efficiency.
In terms of contract transactions, MXC upgraded the contract trading system and launched a new version of the contract in June this year. MXC contract trading currently supports free adjustment of 1-100x leverage multiples. In the isolated margin mode, users can still adjust the leverage multiples after opening a position, and support isolated margin conversion to cross margin, which can help users pursue the market with all their strength.
It supports users to place stop profit and stop loss orders at the same time, while occupying only one margin. It supports Post Only (Maker only) and IOC (Immediately or cancel all) strategies. Under Post Only (Maker only), the user will not immediately place an order on the market when placing an order, to ensure that the order is always Maker (pending order), saving handling fees. IOC function, that is, if the order cannot be fully executed, the rest will be cancelled.
For example, the BTC price index of MXC selects the bitcoin spot prices of 6 exchanges, namely: Coinbase, Bitstamp, Binance, Huobi, OKEx, Bitfinex. If the spot price of an exchange deviates from the median of all exchanges by ±3%, the spot price of the exchange is calculated according to the median of ±3%. Use reasonable prices for liquidation, which are based on index prices.
In addition, underlined proper nouns on the webpage, as long as the mouse points up, the corresponding explanation will be displayed, which is convenient for users to understand.
In terms of PoS pools, MXC supports three types of PoS: Saving, Staking and Lending. Among them, PoS saving does not need to lock assets, and holding assets can obtain income.
submitted by SimonZhu666 to MXCexchange [link] [comments]

BASIC Risk Management

BASIC Risk Management

https://preview.redd.it/v0c9g1yceix41.png?width=700&format=png&auto=webp&s=bbf36502148eacec1e6c5365b763432660f65366
BASIC is the next-generation crypto finance platform that allows lenders and borrowers from all over the world to better manage their crypto assets with enhanced capital efficiency. Today’s post will cover the Risk Management practices, that are implemented within the platform in order to establish efficient and stable ecosystem and in order to secure all the occuring financial transactions. Let us see the methodologies and tools, that are exploited by BASIC to address all the associated risks, that may occur in any given financial transaction.

BASIC’s Risk Management Practices

BASIC is actively exercising preemptive efforts in order to guarantee efficient and stable financial transactions on its platform, addressing all the associated risks, that may emerge in any given financial transaction. BASIC is applying risk management tools, that assist to alleviate all the associated risks, that can be found within this platform.

Risk classifications

▶ Volatility risk
BASIC has established a risk management system to recognize and address the high volatility of the digital assets. In the case of mortgage loans, there is always a requirement for a liquidation procedure under certain circumstances. Namely, if the market value of the collateral falls below a certain limit, you may be requested to provide additional collateral. If the requested amount of additional collateral is not stored within a specified period, the liquidation procedure will kick in and the required amount of collateral will be liquidated to secure the loan. The BASIC platform performs real-time volatility management practices. There is a tracking process of the price indexes of 6 different crypto exchanges, such as Coinbase, Bitfinex, Binance, Huobi, Bitstamp, and Kraken, where the prices of the crypto assets with an engineered volatility, placed as a collateral or borrowed as a loan in the BASIC’s platform, are tracked and based on them the LTV( Loan-to-Value) ratio is calculated. The abovementioned LTV management, hence risk management is performed by the Smart Risk Manager on an automatic basis. The volatility risk manager is currently programmed to warn and further take some certain actions at the following events and LTV rates:
  • At 65% LTV, the borrower receives warning notifications (Early Warning)
  • At 75% LTV, the borrower is requested to store additional collateral to diminish LTV to 65% (Margin Call)
  • At 85% LTV, the system will be forced to initiate a partial liquidation process to automatically lower the LTV to 75% (Margin Liquidation)
The BASIC platform has a liquidity engine system. It is BitGo’s internal clearing system, which allows you to stream placed orders in real-time, and liquidate large amounts of assets at a fixed price, without the presence of slippage.
▶ Default Risk
This risk could occur independently from the LTV, and two scenarios are probable depending on the nature of the loan (Secured and Unsecured).
  • Secured Loan
The default borrowing period for Basic is set to 3 days after maturity, and if there is an overdue balance outstanding on the day of liquidation, the amount of outstanding balance with a liquidation penalty added will be deducted from the collateral assets.
  • Unsecured Loan
Once the default occurs, 100% of the borrower’s total CREDIT (credit token) is going to be exterminated. At the same time, assets corresponding to the loan amount are going to be taken out from the Basic Insurance Fund and forced liquidation will kick in to protect the depositors.
▶ Overdue Risk
If the loan interest is not paid and remains in overdue status for a prolonged period of time, the following measures will be taken.
  • Secured Loan
The grace period for overdue interest is set to 3 days after maturity, and if there is an overdue balance outstanding after 3 days, the amount of outstanding balance with a liquidation discount rate (5%) added shall be deducted from the collateral assets.
  • Unsecured Loan
The grace period for overdue interest is set to 3 days after maturity, and if there is an overdue balance outstanding after 3 days, the amount of outstanding balance shall be withdrawn from the Basic Insurance Fund and 100% of the borrower’s total CREDIT is programmed to be burned.
▶ Counterparty Risk
Counterparty risk, which is prevalent in the trading and investment areas, is the likelihood or probability, that one of the two involved entities in a transaction might default on its contractual obligation. There are two primary sources of the counterparty risk in the process of collateral liquidation. The first one arises when the counterparty cannot make the required payments according to their obligations. The second one occurs, when the counterparty breaks the terms of the contract, hence defaulting on his contractual obligation. The relationship in the financial market is built upon trust. Hence, the counterparty risk or default risk can result in an overall deterioration of the credit market and further lead to a crisis. When there is a transaction being occurred within a platform of the BASIC, BitGo operates as a third party, who secures the process of escrowing the assets of the transacting participants. This risk management practice enables transacting parties to proactively identify and control the counterparty risk at the same level as financial firms.
▶ Slippage and Market Risks
In case of carrying out transactions on multiple digital asset exchanges, you may face a huge issue of inefficient digital asset distribution, which can adversely affect your balance sheet. This situation can further expose you to the Slippage and Market Risk, as the number of assets that need to be liquidated increases. On the contrary, BASIC platform enables easy and quickly offline trading with transacting parties in BitGo, through the virtual journal swaps. This practice, in turn, eliminates the slippage and market risks.
▶ Compliance Violation
Compliance violations can be applied to the withdrawal of assets at the time of the transaction. Currently, the majority of digital asset platform companies randomly distribute assets to multiple digital asset exchanges for trading purposes. In fact, this kind of approach affects the balance sheet and can lead to regulatory compliance violations. The BASIC platform is capable of reducing market and slipper risks, whilst keeping business efficiency at the highest level, by trading with trading partners within the BitGo’s system. This, in turn, will enable you to maintain stable transactions in a quite liquid market.
▶ Legal and Regulatory Compliance Risk
Basic implements strict and thorough anti-money laundering and anti-terrorism-financing preventive measures at the level of traditional financial institutions in accordance with the Financial Action Task Force (FATF) recommendations and guidelines. This practice allows to thoroughly verify the identity of the client and to establish anti-money laundering preventive measures, which are both de facto essential factors to ensure the safety and legitimacy of the digital assets handling. To mitigate and identify in advance the risks associated with the compliance or regulation, BASIC’s legal team is staying up-to-date with the legal and regulatory compliances over the crypto assets.

Keep Updated with BASIC Platform!

Thank you for reading. If you would like to keep updated with BASIC’s activities, please follow our social media channels below.
submitted by anitamalone to thebasicfinance [link] [comments]

BASIC

BASIC is the next-generation crypto finance platform that allows lenders and borrowers from all over the world to better manage their crypto assets with enhanced capital efficiency. Today’s post will cover the Risk Management practices, that are implemented within the platform in order to establish efficient and stable ecosystem and in order to secure all the occuring financial transactions. Let us see the methodologies and tools, that are exploited by BASIC to address all the associated risks, that may occur in any given financial transaction.

BASIC’s Risk Management Practices

BASIC is actively exercising preemptive efforts in order to guarantee efficient and stable financial transactions on its platform, addressing all the associated risks, that may emerge in any given financial transaction. BASIC is applying risk management tools, that assist to alleviate all the associated risks, that can be found within this platform.

Risk classifications

▶ Volatility risk
BASIC has established a risk management system to recognize and address the high volatility of the digital assets. In the case of mortgage loans, there is always a requirement for a liquidation procedure under certain circumstances. Namely, if the market value of the collateral falls below a certain limit, you may be requested to provide additional collateral. If the requested amount of additional collateral is not stored within a specified period, the liquidation procedure will kick in and the required amount of collateral will be liquidated to secure the loan. The BASIC platform performs real-time volatility management practices. There is a tracking process of the price indexes of 6 different crypto exchanges, such as Coinbase, Bitfinex, Binance, Huobi, Bitstamp, and Kraken, where the prices of the crypto assets with an engineered volatility, placed as a collateral or borrowed as a loan in the BASIC’s platform, are tracked and based on them the LTV( Loan-to-Value) ratio is calculated. The abovementioned LTV management, hence risk management is performed by the Smart Risk Manager on an automatic basis. The volatility risk manager is currently programmed to warn and further take some certain actions at the following events and LTV rates:
The BASIC platform has a liquidity engine system. It is BitGo’s internal clearing system, which allows you to stream placed orders in real-time, and liquidate large amounts of assets at a fixed price, without the presence of slippage.
▶ Default Risk
This risk could occur independently from the LTV, and two scenarios are probable depending on the nature of the loan (Secured and Unsecured).
The default borrowing period for Basic is set to 3 days after maturity, and if there is an overdue balance outstanding on the day of liquidation, the amount of outstanding balance with a liquidation penalty added will be deducted from the collateral assets.
Once the default occurs, 100% of the borrower’s total CREDIT (credit token) is going to be exterminated. At the same time, assets corresponding to the loan amount are going to be taken out from the Basic Insurance Fund and forced liquidation will kick in to protect the depositors.
▶ Overdue Risk
If the loan interest is not paid and remains in overdue status for a prolonged period of time, the following measures will be taken.
The grace period for overdue interest is set to 3 days after maturity, and if there is an overdue balance outstanding after 3 days, the amount of outstanding balance with a liquidation discount rate (5%) added shall be deducted from the collateral assets.
The grace period for overdue interest is set to 3 days after maturity, and if there is an overdue balance outstanding after 3 days, the amount of outstanding balance shall be withdrawn from the Basic Insurance Fund and 100% of the borrower’s total CREDIT is programmed to be burned.
▶ Counterparty Risk
Counterparty risk, which is prevalent in the trading and investment areas, is the likelihood or probability, that one of the two involved entities in a transaction might default on its contractual obligation. There are two primary sources of the counterparty risk in the process of collateral liquidation. The first one arises when the counterparty cannot make the required payments according to their obligations. The second one occurs, when the counterparty breaks the terms of the contract, hence defaulting on his contractual obligation. The relationship in the financial market is built upon trust. Hence, the counterparty risk or default risk can result in an overall deterioration of the credit market and further lead to a crisis. When there is a transaction being occurred within a platform of the BASIC, BitGo operates as a third party, who secures the process of escrowing the assets of the transacting participants. This risk management practice enables transacting parties to proactively identify and control the counterparty risk at the same level as financial firms.
▶ Slippage and Market Risks
In case of carrying out transactions on multiple digital asset exchanges, you may face a huge issue of inefficient digital asset distribution, which can adversely affect your balance sheet. This situation can further expose you to the Slippage and Market Risk, as the number of assets that need to be liquidated increases. On the contrary, BASIC platform enables easy and quickly offline trading with transacting parties in BitGo, through the virtual journal swaps. This practice, in turn, eliminates the slippage and market risks.
▶ Compliance Violation
Compliance violations can be applied to the withdrawal of assets at the time of the transaction. Currently, the majority of digital asset platform companies randomly distribute assets to multiple digital asset exchanges for trading purposes. In fact, this kind of approach affects the balance sheet and can lead to regulatory compliance violations. The BASIC platform is capable of reducing market and slipper risks, whilst keeping business efficiency at the highest level, by trading with trading partners within the BitGo’s system. This, in turn, will enable you to maintain stable transactions in a quite liquid market.
▶ Legal and Regulatory Compliance Risk
Basic implements strict and thorough anti-money laundering and anti-terrorism-financing preventive measures at the level of traditional financial institutions in accordance with the Financial Action Task Force (FATF) recommendations and guidelines. This practice allows to thoroughly verify the identity of the client and to establish anti-money laundering preventive measures, which are both de facto essential factors to ensure the safety and legitimacy of the digital assets handling. To mitigate and identify in advance the risks associated with the compliance or regulation, BASIC’s legal team is staying up-to-date with the legal and regulatory compliances over the crypto assets.

Keep Updated with BASIC Platform!

Thank you for reading. If you would like to keep updated with BASIC’s activities, please follow our social media channels below.
submitted by anitamalone to thebasicfinance [link] [comments]

As the 4th Bitcoin Gaining Cycle Comes, How to Maximize Your Profit and Avoid the Risks?

Background:
By reviewing the bitcoin market movements last month, the bitcoin price on Nov. 1st was $9,054. When the end of Nov came, the bitcoin price dropped to $7,318.
As the historical trend of bitcoin has gone, the bitcoin price has been through 3 cycles of gaining:

  1. From 2009.01 to 2013.04, the bitcoin price rose from $0 to $198. At the initial point of the 1st period, the bitcoin had no price, and its value was defined by Satoshi Nakamoto and other early miners. At that time, bitcoins had nowhere to trade, the early miners only could hold it. It is one of the reasons why the bitcoin price pumps or dumps sharply because the early holders can choose anytime to sell it and quit. In the middle of 2010, the first bitcoin exchanges such as Mt.Gox launched. And as exchanges like Bitstamp, Kraken and Coinbase started operating, the era of “Bitcoin Online Trading” came, and the bitcoin price had soared to $198.
  2. As the bitcoin price firstly touched $198, some of the early miners started selling the bitcoins they hold for arbitrage. When the date past 2013.07, the bitcoin price fell to $69. Then, the bitcoin price boomed to $1,000 when some of the institutions with a traditional financial background and some personal investors injected capital into the bitcoin market in the second half of 2013.
  3. In early 2014, the biggest heist of bitcoin on Mt.Gox happened urged the bitcoin price to slump. the bitcoin price did not go back to $1,000 until Feb 2017. And as the ICO projects got popular and the fork of bitcoin happened, the trading volume of bitcoins reached the peak and the price of bitcoin also reach the peak of $20,000.
After reviewing the gaining cycles of the bitcoin price until now, the corollary that we are now going through the fourth cycle.
Just as the financial history repeats itself, the percentage of holding bitcoin more than 12 months has decreased to 40%, which is similar to the situation that the last time the bitcoin price boomed to $1,000. We can easily draw a conclusion that the decentralization of bitcoin holding means that the trading demand of bitcoin is increasing. And when the bitcoin trading becomes diversified with the bitcoin finance derivatives became more and more robust, more and more financial institutions and personal investors will enter the bitcoin market. Thus, in the next period, the bitcoin price will present an uptrend in total.
So, how to achieve the benefit maximization and avoid the risk when the fluctuations happen in this period?

Hedging is definitely an important part you should plan for your bitcoin trading. With hedging work for your trading, you will avoid the risk of holding a bitcoin but the price drops in some time.
For example, 3 weeks ago, the bitcoin price decreased from $8,150 to $6,665, if you hold 1 bitcoin, then you would lose $1,485 during this decline. However, if you chose bitcoin derivatives such as futures or options to buy a contract for BTC Short, then you will save $1,458 loss when the bitcoin price dropped.
Here are two solutions I’ve mentioned above: Futures&Swap, Options.
  1. In futures trading, you can open leveraged BTC Short contracts with the principal, margins and fees. If you hold 1 bitcoin at that time, and you select the leverage in 20X, to save the loss of $1,485, you will need the principal in $400, and the margins at least 0.00024 BTC (but usually you will need to input more to prevent from liquidation). It is a useful way for you to hedge the risk of holding 1 bitcoin.
  2. In options trading, for example, if you open a 7-days put contract on BitOffer Bitcoin Options, usually it only needs around $200. Moreover, it does not request any margin and any fees.
Here is how it works:
When you hold a 7-days put contract, if bitcoin price drops from $8,000 to $7,000, you will earn $1,000 profit, and in total, your loss of the bitcoin you hold will be hedged because you earn $1,000 from BitOffer Bitcoin Options.
What if the bitcoin price rises from $8,000 to $9,000?
You will lose $200 with the 7-days put contracts you buy, but you still earn $1,000 with the bitcoin you hold.
BitOffer Bitcoin Options, the best hedging tool ever, is now the easiest and cheapest hedging solutions you can see in the market.
Ending:
With an effective hedging strategy, I deeply trust you all should be able to maximize your profit and avoid the risk even the bitcoin market fluctuates acutely like always.
submitted by SorosLamfer to u/SorosLamfer [link] [comments]

HUOBI EXCHANGE REVIEW

HUOBI EXCHANGE REVIEW
Huobi is a Singapore-based cryptocurrency exchange. Founded in China, the company now has offices in Hong Kong, Korea, Japan and the United States. In August 2018 it became a publicly listed Hong Kong company.
Recently during early 2019, after crypto communities lost interest in ICOs (Initial Coin Offering) due to many unregistered STOs (Security Token Offering) and other projects whose aim was only to raise the funds. Exchanges adapted and gave a new dimension of the fund raising, IEO (Initial Exchange Offering).
In this regard, exchanges helped the projects by providing them a platform to raise the funds and also helped the retail investors by doing due diligence on the project on behalf of the investors. Best part of this process is, such issued tokens are listed on the same platform and exchanges helped these start ups in the process. This gave a sense of security and helped to maintain integrity with the projects and public investors.
All the top tier exchanges are participating in this movement and named such fund raising as Launchpad, Jumpstart, Spotlight, Startup etc. While Huobi came up with Huobi Prime.
Unlike other exchanges, Huobi Prime has helped varieties of start-ups.
  • It all started with a DAG based blockchain platform, Top Network.
  • A project named after the greatest scientist who made a major impact on the human lives, Newton Project. It is aimed to deliver an infrastructure for the community economy.
  • It is followed by Thunder Core. A blockchain project dreamt of decentralized future and allows anyone to build dApps on their platform.
  • Then Reserve Rights continued the legacy. It’s a protocol for stable currencies with three kinds of tokens RSV, RSR and collateral tokens.
  • Akropolis - a protocol to explore the informal economy and help the people with DeFi. It was one of it’s kind which was competitive enough to seek the help from the Huobi.
  • Later a social digital currency, Emogi secured a place to be the next Prime project.
  • Recently, Whole Network - A consensus, co-creation, and win-win behavioral value network had the opportunity to feature as a 7th Prime project.
However, each of the Prime project is different from the other in the list. One must admit, it is a basket with mixed fruits. From DAG to Currency to dApp platform to stable coin protocol to DeFi protocol to digital currency to blockchain phone. Huobi has covered a rich list of projects in this journey.

https://preview.redd.it/8z08lbq3qls41.png?width=800&format=png&auto=webp&s=34de122d950f32feb46df82cdce290221e1572be

(This chart presents the information based on the price of the each token on 2nd October. However it may vary marginally as price of the cryptocurrencies are volatile in nature)
Trading Options
Many centralized exchanges serve as the sole, centralized market maker. In contrast, Huobi also allows you to trade over the counter (OTC). This means that you can buy and sell cryptocurrencies peer-to-peer on Huobi. Even though this option exists on the exchange, it has yet to gain adoption from traders. Various commenters have said that there is a lack of OTC offers. Still, this is still an innovative technical feature.

If you are a margin trader, Houbi has a separate platform specifically for this. You can access this by going to the margin tab in the header. The amount of leverage you can have varies from coin-to-coin. For example, BTC is around 3x. Compared to other margin trading platforms, this is low. Nonetheless, it is an attractive option for potential users.

In December 2018, Huobi Derivative Market issued BTC contracts and ETH contracts (including weekly, bi-weekly and quarterly, respectively), and flexible leverages, including 1x, 5x, 10x and 20x. In the future, more digital currencies will be issued to meet various investment demands.
Meaning “currency” in Mandarin Chinese, Huobi consistently ranks as one of the world’s top ten largest exchanges by trade volume. In this article, we look at everything you need to know as a potential Huobi user. Let’s examine fees, fund security, customer experience and more.

User Interface and Mobile App

Available on iOS and Android, the Huobi mobile app features most of the functionalities available on the web platform. You can even complete tasks like account registration and verification directly via the app. In Google Play, the Huobi Global app has an average rating of 4.1 stars out of 3,730 reviews. However, in December 2018 and January 2019, some users have said that the Android app won’t let them login due to an error with Captcha. On the Apple App Store, Huobi boasts an average rating of 4.9 stars out of over 4,800 reviews.

Trading Options

Many centralized exchanges serve as the sole, centralized market maker. In contrast, Huobi also allows you to trade over the counter (OTC). This means that you can buy and sell cryptocurrencies peer-to-peer on Huobi. Even though this option exists on the exchange, it has yet to gain adoption from traders. Various commenters have said that there is a lack of OTC offers. Still, this is still an innovative technical feature.

If you are a margin trader, Houbi has a separate platform specifically for this. You can access this by going to the margin tab in the header. The amount of leverage you can have varies from coin-to-coin. For example, BTC is around 3x. Compared to other margin trading platforms, this is low. Nonetheless, it is an attractive option for potential users.

In December 2018, Huobi Derivative Market issued BTC contracts and ETH contracts (including weekly, bi-weekly and quarterly, respectively), and flexible leverages, including 1x, 5x, 10x and 20x. In the future, more digital currencies will be issued to meet various investment demands.

Huobi offers a margin trading option.

Security

Compared to other exchanges, Huobi continues to excel from a security perspective. Many top exchanges suffer from large-scale hacks, with varying results in terms of trading volume afterward. In 2015, a Bitstamp hacker withdrew 12,000 BTC from Huobi. However, this issue did not relate to the security of Huobi. Huobi reported a DDOS attack in 2015 but this did not cause a security breach. According to one review, an individual user lost USDT and EOS on Huobi. This reviewer states that the problem was caused by a technical error with Huobi’s 2FA. One comment suggests that it was the result of a phishing scam.

Huobi claims that its risk controls have been developed by the likes of Goldman Sachs. The exchange stores around 98 percent of funds in cold wallets. Moreover, Huobi now utilizes a decentralized exchange structure to prevent DDOS attacks. The exchange even has a User Protection Fund Initiative. Twenty percent of net revenue that the exchanges gains from trades will go to this fund, which it will use to buy back Huobi Token (HT). It also has a service called Huobi Security Reserve. As part of this, the exchange plans to store 20,000 BTC for insurance. This is a preventative measure that will help Huobi reimburse users in the case of any future hacks.

Huobi Fees

Huobi has a 0.2 percent fee that applies to both market makers and takers for amounts between $0 and $5,000,000 over the course of a 30-day period. In comparison, other top exchanges like Binance have 0.1 percent fees. Meanwhile, GDAX has 0.3 percent fees.

In January 2019, Huobi Global launched a tiered fee structure that significantly reduces fees for higher volume traders. This is relatively competitive when compared to other exchanges. Users also have the option to reduce trading fees on Huobi by becoming a VIP member. This involves paying a monthly payment of HT, which varies depending on the membership level (1-5).

Like most exchanges Huobi has no fees on deposits. However, Huobi does have withdrawal fees and minimums that vary from coin-to-coin. For example, withdrawing Bitcoin (BTC) costs 0.001 BTC, with a minimum withdrawal amount of 0.01 BTC. For Tether (USDT), the flat fee is 5 USDT and minimum withdrawal amount is 20 USDT. Overall, this means that Huobi fees are generally higher than most exchanges for lower withdrawal amounts. A few exceptions exist. For example, TUSD has a withdrawal minimum of $20 but a withdrawal fee of only $2.

Withdrawal Limitations

Similar to many exchanges on the market, Huobi has withdrawal limitations based on various levels of user verification. One thing you will notice is that withdrawal amounts vary greatly depending on your citizenship. For example, if you are a citizen of China, you can’t withdraw any funds as an unverified user or with level 1 verification. This option is only available at level 2 or above. In the United States, the exchange only requires level 1 verification. However, the amounts are relatively low: a daily limit of $2,000 and a monthly limit of $10,000.

Customer Service Experience

Compared to most exchanges, Huobi has above average customer service experience. Customer support is available 24/7, and response times only take two to three hours on average. Many consider this to be a rarity in the space.

There are two main methods that you can use to reach customer support. First, you can utilize the chat app that is available directly on the Huobi trading platform. Second, you can contact the team at [[email protected]](mailto:[email protected]). If you choose this option, Huobi asks that you use the registered email address associated with your Huobi account and include your user ID.

Huobi Website: https://www.huobi.vc/en-us/topic/invited/?invite_code=3afg5
UID: 134371568
Huobi Indian Community: https://t.me/huobiglobalindia
Huobi Global Community: https://t.me/huobiglobalofficial
submitted by asheroliver to u/asheroliver [link] [comments]

HALVING YOUR DEPOSIT HAS ALREADY GOT

HALVING YOUR DEPOSIT HAS ALREADY GOT

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.
submitted by StipsFinTech to Bitcoin [link] [comments]

Lessons learned - Crypto and Divorce - In January I was a millionaire thanks to BTC, then my wife divorces me and now I have $30,000 AMA

Crossreferencing u/nanoissuperior He wrote earlier today: https://www.reddit.com/CryptoCurrency/comments/a3n6uw/in_january_i_was_a_millionaire_thanks_to_nano_now/
Title: In January I was a millionaire thanks to Nano, now I have $25,000 AMA

I was replying to his post, but my reply ended up being a bit too large as a reply and steered off-topic, albeit an interesting one. So I decided to make it its own post, because there may be a good lessons to be learned and hoping some will come forward with good information to be shared.
I hope it can help anyone on this sub avoid the costly mistakes that I made. Here it goes: FLAIR: LEGAL (not in the list)
----
u/nanoissuperior are you who I think you are? I won't give out any further identifying clues, but I happen to know someone in the exact same position that could have written that exact same headline. If you read the first paragraph, you'll know if you know me.
The person I know bought Nano really early, based on a tip from a friend. I got in much later. By the time he told me it had already spiked to the $5 range, when I ended up buying. I then sold in the $20's so it was a good buy nonetheless. We were former colleagues at a large, large software company somewhere in the PNW, I left the company to venture out on my own and try to launch some projects I had in mind and relocated overseas for a few years. We lost contact with each other during my time away, but we connected again during the market runup and started exchanging coin information on a daily basis during the big bull run of late 2017. That was a crazy time.... the market trend was a few degrees short of vertical for pretty much all coins!

Hey, guess what? Now that I think about it, I could have written that same headline myself! In January 2018 I was a Millionaire too! Not with Nano, but thanks to purchasing a good chunk of Bitcoin in 2011 at $1.20 each. I ended up a single digit millionaire with what I had left in Bitcoin around January of 2018.
And, just like you, today, from all that wealth, I have about $30.000 left, with little to show for. Can we call that even? Although my disaster was not caused entirely by market fluctuation; Mine is a more complex story and I am going to mention it, because hopefully, it could serve as a lesson to be learned for any crypto holder out there, so they don't make the make mistake I made: Don't trust anyone. Always be skeptical and watch out for your own interests. Anyhow, here it goes:
After 5 years overseas, I had enough and wanted to come back to the States. My wife stated her preference to stay abroad, but eventually, she conceded albeit reluctantly. We chose a small town in CO to settle, and landed in November of 2017. We had plans to settle down and considered purchasing a home with my/our new fortune, based on the market price during that period. At the same time, I was also hesitant about the inherent tax payments due caused by such large liquidation. I was trying to have to pay taxes as far away as possible. So, I decided to wait till New Year's Eve and started liquidating my crypto on January 1st, 2018 right after midnight. This way, I would have 16 months (till April, 2019) to pay any capital gains taxes, and I was confident at the time that the market would give me that for free, especially at the pace that it was going. I have been an early adopter and have since then acquired the high levels of verification and trading limits per week, with many exchanges, but for a large sum like this, I needed several separate transactions, over the course of several weeks, especially wanting to do it with a US-based exchange that was linked to a US bank accounts, to avoid overseas wire transfers, meaning more fees. (Yes, I did look at all OTC options, but for reasons not relevant to the story, I couldn't make it happen, so I had to use the traditional Exchange channels for asset liquidation).
My wife and I, initially had some fundamental disagreements on the gross amount to be spent and the type of property we should be purchasing. I wanted a smaller place, with a denser, younger community, where there'd be kids our son's age for him to play. She insisted that we should go big; we had been traveling for so many years, and we had not been able to call any of our past residences our home. It was time to settle and nest; She convinced me that we should own a property of our own that we would be proud of living in for years. One that we could own outright and would not easily outgrow. We ended up splurging and purchased in cash two luxury cars for ourselves and set our sights on a large dream house in the city's Golf & Country Club, free and clear, for us and our two kids. I don't even play golf, nor do I even like it, but, if it makes her happy and it is within the safe margins of making it happen, I figured, why not? My concerns were largely financial and the numbers were adding up. It was a bit tight against my personal safe margins, but, at the same time, I was imagining to never have to make, or even have to think about, a car or home mortgage payment ever again! Bitcoin is on a roll and there is no sign of it stopping. Fine. Let's do it, before I change my mind.
Now, I admit I was extremely lucky with choosing the time of when to sell the assets. I had no clue the market would take a dive in February, and so it seemed to many that I had timed the market perfectly, selling most of my coins in the first two weeks of January of 2018. Many called me a genius for selling at the very top, as if I had some sort of wisdom to know when it would drop; the truth is much less flattering; it was nothing but dumb luck, based on me wanting to pay taxes in 2018 and defer to 2019. Awesome, well done! Yeah? well, slow down, son, not so fast.
So, I gather the 7-digit lumpsum in January 2018 and we write a check for the full amount at closing in February on the property of her dreams. A property that could easily be showcased on a luxury Real Estate magazine cover. Also, remember we had just moved back to the United States with just a few suitcases each from overseas. We had no furniture, kitchenware, curtains, TV's, bed sheets, winter clothing and so many other essential things that one usually purchases over time, but which we now had to purchase all at once. Not a problem, Bitcoin had dropped slightly but still well above $15k, I believe, at the time. And, earlier, in January, I had diligently taken this expense into account and effortlessly set aside a small fortune for equipping such a large house with everything we would ever need, brand new. It seemed we were protagonists of one of the Home Makeover Shows.
Finally, after working day and night, prepping the house non-stop for days and when every piece of furniture had finally arrived, been unpacked and carried to its corresponding room, it seemed most of the essentials were in place and the hard work was done. I longed for pouring myself a Scotch and to finally sit down and enjoy the fruits of my labor. I head downstairs to the dedicated walk-in, cigar-humidor / wine / Scotch cellar in the basement and grab the better bottle of Whisky of the few bottles of Scotch that I had bought earlier in the week. On my way up, I remember feeling a sense of calm, combined with a glow of excitement and this undescribable profound inner peace, all at once. This was such a rare, natural, non-drug induced high that I had never experienced. It felt so good! This sense of accomplishment of achieving that one thing I had been chasing and longing for my entire life. I had expected I would be chasing this goal for the next 15-20 years, and yet, here it was. No, where I was, was even better than expected! A place where not even my parents, who still have to make their monthly mortgage payments. I had done it! With a smile from ear to ear, I take a deep breath of relief and while looking around the property, I think to myself: "It's perfect, everything is in place and I can finally call this our home. We are so lucky and we are going to live a great life. A life that few can only dream of. So many concerns will be lifted and become redundant. Everything will be better. I'll start a fire in one of our two fireplaces and I am going to begin enjoying my semi-retired life with the first sip of my drink. That will be the official start of our new life".
I head over to the kitchen to get a glass and some ice cubes, while I struggle to find which one is the freezer among the many drawers in the kitchen. It was then when I notice a handwritten note placed front and center on the kitchen counter. It is from my wife and read: "There is no easy way to say this, so I am just going to say it..... I want to legally divorce [ ...]". It continued saying that she had taken our son, and had unequivocally decided to leave me. She had already filed the paperwork for divorce and that I should expect to be served in the morning.
My bliss had lasted less than 5 minutes and in less than two seconds, it turned dark, somber and I saw it all crumbling down in front of me. Like a long-awaited rocket launch, years in preparation, which then unexpectedly explodes on the launch pad during the countdown. My stomach, heart and everything in my body just sank and melted into one ball of poison in my core. I felt like throwing up. I was completely blindsided; she had played the game all along, not giving me the slightest hint of what was being concocted in the background. She had already engaged with her lawyers weeks beforehand. Her mother was already in town from another state to help out with I don't know what. I had been gaslighted and was threatened by her that I needed to see a psychiatrist due to a change in my temper that I had supposedly developed - my temper was awesome: with BTC at that price? Everything was perfect! But I obeyed and went anyhow (this would later fit her story that she had to leave with the child because she feared for her safety due to my supposed temper for which I was under treatment, therefore, I must have this temper problem, see?). Also, the purchase of the overpriced home also seemed clearly premeditated: Price was the main driver of the decision making; not location, demographics, taxes, etc. It was the wrong neighborhood for us (people much older than us, retired, golfers and no kids the same age as our son to play with). Our house happened to also be the most expensive in the neighborhood. I can see it all so clearly now.
See, your crypto coins on the blockchain, are not within the US court's jurisdiction (or, at least, it's quite debatable - a gray area - ask me for the seed and I can tell you that I may have the seed, or that I may not have the seed, I may have the wrong seed, I may have forgotten it, I may have lost it - you can't prove I did not forget, or lost it, etc). However, once it is in FIAT in a bank, or invested in a property, the courts can rule on the asset(s), freeze, disburse or order a sale of the property, etc. It's done all the time.
Also, the coins were technically mine, and by definition private property (not to be divided during the divorce) as they were acquired before the marriage. I could not prove its origins (I bought many of them via direct messaging members on Bitcointalk.org and mining rather than exchanges, so no records, receipts or nothing to prove otherwise: the big exchanges like BitStamp and Coinbase didn't start operations till 2013, if I m not mistaken. Instead, I would talk to one of the forum members offering coins we'd agree on a price, I'd send a check to wherever the individual seller instructed me to (Russia, Bulgaria, Japan, UK. etc) and the coins would be deposited to whatever address I provided. Yes, it was quite crude at the time.
However, once I converted my coins to cash and used that cash to buy a property for the benefit of the family, it became common property and thus she then had rights to a portion of it when divided between the two parties should a divorce occur - which ended up being almost 3/4 of all assets.
I was robbed in broad daylight. By the one person, I trusted with my life. The one you should trust with your life. Your life partner. And while I was in complete denial, trying to bargain, I waited too long to obtain good legal representation. When I finally ended up getting a lawyer, I was quite distraught and I clearly did not do the proper research and this resulted in a less than stellar performance and detrimental to me at many key steps in the process. I had to switch legal representation right before mediation and I can't blame my new lawyer either, as (s)he did not have the required time to catch up on all the details, (s)he did his/her best, but I was ultimately strongarmed into conceding my soon-to-be-ex-wife to let her return to the house, in exchange to obtain 50% of my son's custody, with serious and strict clauses I had to abide by. So, I had to move out, find a hole in the wall in a student apartment, pay my rent and pay our kids pre-school, while she lives grandiose, without monthly payments in the country club, till the house sells, which will likely be in the spring of next year. Nice!
Due to my delay, legal mishandling and somehow every other element in her favor, she inexplicably ended up with around 3/4 of the worth of all assets, free and clear, no taxes due. Mind you, she has never financially contributed, nor made a single $ during our entire marriage. She has never worked and had $0 in her pocket when we married. She didn't even have a checking account, well in her thirties. She is no dummy; she is street smart, knows how to manipulate people, get her way with flirting and charm, while I am more intellectual and book smart. and She beat me hands-down. She is walking away with a sum of, not quite 7 figures, but close.
With what I am left with from the sale of the house, I am responsible to pay for all the capital gains taxes from the liquidation to the IRS, which are due in April 2019. I don't expect there to be more left over than the estimated $30k mentioned above.
Hate the market all you want, I made peace with the market and am keeping busy at hating my ex for a while for putting me in the same situation. She tripped me 1 yard before the finish line and pushed me in the prickly bushes, to cross it by herself. Go figure. When I am done hating her, I'll get back to rebuilding my life again from scratch. I am not worried, I have done it before. Just pissed, I was so close and that I was so naive to not see it coming.
Sorry, I am not meaning to hijack the thread, just wanted you to know that others may have lost more than just "free" money; money we didn't really have to work for. We were the lucky ones. It is what I keep telling myself to stop me from jumping off a bridge.
PS - Woah: Sorry for the wall of text; I was just going to write the first paragraph and ended up venting about my current situation. I know, I should take this issue to /depressed, /exes or /whereisthenearestbridgeIcanjumpfrom.
Hopefully, this can be a lesson to those holding crypto and some can learn what NOT to do. I learned the hard way and was left with nothing. Don't be a nice guy. Don't trust anyone with your crypto. Anyhow, I am sure either our vigilant subreddit bot, or one of the mods will remove my post for not adhering to rule, and if not, I am sure that you fine people will downvote me to hell. Go ahead. Take away from me the little Karma I left too! Thanks!

I learned many lessons, but here are some key ones [IANAL - any crypto-educated AL opinion appreciated here, thanks] :
- Understand the concept of private property - property you acquire before getting married. INAL - this depends on the state legislation, but it is hard to prove with crypto, especially if you obtained your crypto through foreign exchanges, outside of legal jurisdictions, the petitioner might not understand or willing to invest in obtaining subpoenas and requests to businesses operating overseas, as this may result costly.
- Get a lawyer who understands, or is willing to understand crypto, its benefits of being somewhat unreachable and how that can work for you. Don't let them shortchange you with: "well, let's just convert the rest to cash, because that I understand" type of reasoning.
- If you do go to mediation, the above applies as well. This arbitrator or mediator needs to be one that understands the intrinsic details of crypto - for example, during the ATH, I bought 6 digits worth in $USD of Stellar. I used the very first version of the software, supporting Stellar on my hardware device, and put it all in a cold storage wallet somewhere around January. I routinely checked on my coins on the blockchain and they are there. A few months later, I try to access my account and the device returns a different public address, which contains 0 funds. I am still trying to debug this issue with the manufacturer, but the fact is that I was accused of hiding these coins or negligence and was demanded that I paid half of what was lost. or not lost, out of my pocket for money that I didn't have access either. I tried to explain it in the simplest terms, there are risks involved with using first come software. There is no 1800 number, mo tech support. no CEO, no, you can't call the BBB and complain, etc and no one seemed to be able to understand, nor willing to either. It became a huge roadblock for which I had to concede, not cash, but a concession, I was not wanting to concede. The petitioner leaned on the fact that I was either wilfully cheating or stupid enough to lose the coins and managed to create enough doubt in my character and integrity and there was nothing rational I could explain that she, or anyone else in the room would understand. Perhaps mutually contracting a seasoned crypto expert that can offer a neutral view and give his/her opinion might be worth considering. Andreas, where were you when I needed you? :)
- Other examples were some coins I had bought in 2012 and gifted to some of her family's kids. I was holding these, till they would turn 16 for them to pay themselves their college, or so I told them. These coins were demanded back by the petitioner. Ok, I suggested that I would send them, but with a CHECKLOCKTIMEVERIFY value with a block height of let's say,10 years from now, out of fear that she would spend the coins and the kids would never know (they are toddlers). No one understood what I was talking about, I was made out the crazy one, I gave up, sent her the coins, unlocked and, just as I expected, within 20 minutes of receiving them, she spent $1200 worth of it (for a flight, I think). If you are the only one speaking your language, no one is willing to listen or make an effort to understand you.
- It appears my coins were private property, which means, that I acquired them before the marriage and in case of divorce, if I have not moved them or used them for the common good of the marriage, then they remain mine. However, I liquidated them and cash ended up in my checking account to be used to buy groceries, cars and eventually a house, and it is then that they became common property. Only once they landed in my checking account on which she is named on. It appears that had I taken proper legal precautions with documentation, or a company/trust, where that money would have gone, instead of my checking accounts, elsewhere, I would have still been able to be the legal proprietor of the resulting cash. I can't quite remember the details, but it as something that was explained to me afterward, and I honestly think I just tuned it out, because it made me sick to know I could have held on to my wealth. Perhaps a lawyer can chime in? Again, much of the lack of information and every misstep taken was because of dealing with people that are accustomed to traditional assets and will not deviate from it. Crypto is different and is treated differently. It is so important to know the strengths and weaknesses when going into litigation about something that people don't understand.
- Some more I can think of, but this post is getting way out of hand in size. Feel free to comment/suggest your own and I'll add more to the comments.

Credits to: u/nanoissuperior Thanks for your post, it inspired me to write this one. Anyone, any karma you feels needs to go his way, for providing the source of inspiration, please give to O-OP.

TL;DR: Wife, having contributed $0 during entire marriage, waited until I cashed out all my crypto at the top of the bull market in January 2018, for a nice seven-figure amount, and then immediately divorced me for the money.

Edit: added TL;DR
submitted by mijalis to CryptoCurrency [link] [comments]

Whalepool - Bitcoin Volume Validator

Whalepool has created and released an open-source tool for analysing volume on exchanges and to sniff out fake volume. See:
From the GitHub repository:
Theory
Every trade execution by law of Central Limit Order Book logic has both a "maker" and a "taker" side from orders created.
Every "maker" order has an event pushed to the "OrderBook" websocket stream.
The API documentation in all cases of exchanges used indicates real-time pushing of updated data (we did not use streams where there was indication of 1000ms or so delays).
So the methodology used throughout is to programmatically watch: - The order book best bid/offer - The raw trade feed
Then look for trades which occur inbetween the bid/ask.
This would indicate a trade took place which no one else was able to execute because the trade never appeared on the order book for anyone to be able to see, to then take.
It is known that some exchanges are just not good at reporting the orderbook data and trade data in synch, or they do not provide detailed enough information of event timestamp/id to be able to resolve suspicious data.
The scripts here compute both Fake Trades Count vs Legit Trades Count, as well as Fake Volume vs. Legit Volume.
Feel free to request an exchange you use to be analysed using our methodology and we'll be happy to post it along with results.
Some results (also from the GitHub repository):
Exchange Volume executed between the spread (_o_) ? Notes
Binance 30% Approx 30% of volume executes between the spread
Coinbase 2-3% Approx 2-3% of volume executes between the spread
Bitstamp <1% Tested over a 12h period
FTX <1% within margin of error for latency issues
Kraken 0% PERFECT - Tested and no fake volume identified
Bitfinex - Exchange has hidden orders so test is non applicable
"Bilaxy" YES Totally fake. See video
submitted by dnivi3 to BitcoinMarkets [link] [comments]

Hawaii. Still not bitcoin friendly.

Well this sucks. anyone here in Hawaii wanting to help change the laws. Seriously, how come margin trading is allowed for other traditional holdings, but crypto’s are not. (Same story at coinbase) but this has to change. Last 3 years the bills just died because our reps didn’t vote (or just didn’t show up, or are too ill informed)
We are sorry to inform you that due to regulatory constraints, Bitstamp can no longer serve customers from the State of Hawaii. Because of this, we are obliged to terminate your account.
Before we do that, you need to withdraw all the funds from your account. Please transfer all your funds using an international bank withdrawal or by making a crypto withdrawal from Bitstamp.
Please make sure you transfer all the funds from your Bitstamp account by [deleted]
We sincerely apologize for the inconvenience. If you have any questions, please contact us at [email protected] or open a support ticket here
Best, The Bitstamp team
UPDATE: Sound like the DCCA might be open to changing the laws. Bytemarks cafe on Hpr is interviewing DCCA to see if the money transmitter law could be amended Htdc.org/programs
submitted by mouthymcmouth to Bitcoin [link] [comments]

Global Electronic Trading Platform Market: Technology, Future Trends, Market Opportunities 2020 & Key Players: Fidelity, TD Ameritrade, Ally Invest, etc.

Global Electronic Trading Platform Market: Technology, Future Trends, Market Opportunities 2020 & Key Players: Fidelity, TD Ameritrade, Ally Invest, etc.

Electronic Trading Platform Market
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Report Objectives: -Analysis of the global Electronic Trading Platform market size by value and volume. -To accurately calculate the market segments, consumption, and other dynamic factors of the various sections of the Global Electronic Trading Platform market. -Determination of the key dynamics of the global Electronic Trading Platform market. -To highlight key trends in the global Electronic Trading Platform market in terms of manufacturing, revenue, and sales. -To summarize the top players of the Global Electronic Trading Platform market and show how they compete in the industry. -Study of industry processes and costs, product pricing and various trends associated with them. -To showcase the performance of different regions and countries in the Global Electronic Trading Platform market.
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submitted by Sammy_kane to u/Sammy_kane [link] [comments]

CME bitcoin futures are no worse than crypto exchanges that allow short selling

It is frequently claimed that 'paper' bitcoin (like the cash settled CME bitcoin futures) suppress the price of bitcoin, because they create additional supply beyond the 21m 'actual' on-chain bitcoin. It seems to me that CME bitcoin futures are no worse in this regard than crypto exchanges that allow short selling (or margin trading). Why?
Suppose I have 1 btc in my wallet. I create an account with kraken and deposit my 1 btc there. You go short 1 btc on kraken. This is like you borrowing 1 btc from me (with the promise to return it later), and then you selling this 1 btc on the market to JoeHodl (say), who withdraws it to his wallet. What happened?
The one 'actual' on-chain bitcoin went from me to JoeHodl, but in addition we created one 'paper' bitcoin on kraken: I have the long side and you have the short side of it. (I have an IOU from kraken for 1 btc; kraken has an IOU from you for 1 btc plus interest.) This is exactly the same as CME bitcoin futures (up to the fixed future expiration date). One person is long, the other is short. It's all based on credit, with no 'actual' on-chain bitcoin involved (except the one that went from me to JoeHodl).
When you close your short position, this credit based 'paper' bitcoin is destroyed again: To close the short, you effectively buy 1 btc on the market, eg from JoeHodl, and then deliver it to me; I withdraw it to my wallet. What happened?
The one actual on-chain bitcoin went back from JoeHodl to me, and the 'paper' bitcoin disappeared (both IOUs are torn up). The credit based 'paper' bitcoin behaves just like CME bitcoin futures in that respect; and just like fiat bank money (M1): it gets created when you take out a loan from a bank, and it gets destroyed when you pay back the loan.
The crucial distinction is that 'actual' on-chain bitcoin are real assets, in the sense that they are nobody else's liability (like a house with no mortgage on it). In contrast, 'paper' bitcoin are credit based assets, in the sense that one person's asset is always somebody else's liability. So you cannot create 'paper' bitcoin out of thin air all by yourself; you always need two people who want to take opposite sides of the deal (long and short). These two enter into a contract with each other, the value of which depends on the bitcoin price. Disallowing people to enter into such contracts seems to be in opposition to free market principles.
Short selling can also help with price discovery, since it allows bears with no bitcoin position to express their views in the market; so to get more efficient markets, we should allow short selling, I think.
This also suggests that exchanges that don't allow short selling (or margin trading), like bitstamp, might have less counter party credit risk, than margin exchanges that do allow it, like kraken, due to the many more IOUs involved.
Tl;dr: We should allow crypto short selling for price discovery, and to adhere to free market principles; but then we shouldn't complain about 'paper' bitcoin being created by CME futures, because it is essentially the same thing.
Am I missing something?
submitted by cbct73 to CryptoCurrency [link] [comments]

BitOffer Institute: Parse of Bitcoin Options by Lucian, Chief Analyst

BitOffer Institute: Parse of Bitcoin Options by Lucian, Chief Analyst

https://preview.redd.it/97g8khceloh41.png?width=1501&format=png&auto=webp&s=2949f176163b5559dd487efe77891a6877fbe0d2
The last October, BitOffer officially launched Bitcoin Options, which was the first intraday Bitcoin Options that requires 0 fees, 0 margins, and no exercise, and be able to reach 2,000X leverage. The most significant feature of BitOffer Bitcoin Options is that the investors are enabled to earn a thousand times payoff whether the bull market or bear market. The purpose of launching Bitcoin Options is to provide investors an accurate hedge tool and an extra trading product. It is worth mentioning the price index of BitOffer Bitcoin Options is a weighted average of bitcoin prices from selected exchanges( Including:Kraken,Bitstamp,Coinbase,Bitfinex,Huobi,Binance,OKEX) with significant trading volumes, which makes it fair and transparent.
Q: What is Bitcoin Options?
Lucian: Bitcoin Options is a prediction of the movement of Bitcoins in the future. Essentially, it operates like the spot trading, but it allows the investors to buy call or put: Call when the investors expect the market to be bullish, Put when the investors expect the market to be bearish. Its profit formula is the same as that of the spot trading: Within the Options contract period, the investors would earn the price spread if the investors choose the correct direction. In short, BitOffer Bitcoin Options allows the investors to use a small budget to bet the change of the Bitcoins in the future and earn a considerable profit.
Q: How do we trade Bitcoin Options?
Lucian: BitOffer Bitcoin Options supports 2-mins, 5-mins, 1-hour, 4-hours, 12-hours, 1-day and 7-day contract period for investors to choose.
For example, the Bitcoin price now is $10,000, and you hold the view that the Bitcoin price will rise in an hour, then you buy a 1-hour call options contract with $10. After then, the Bitcoin price rises by $500 in an hour, you will earn $500 as profit when the contract settled, which means that you will earn a 50 times payoff as a return.
Q: Is Bitcoin Options the best hedge tool ever?
Lucian: BitOffer Bitcoin Options, the most innovative Bitcoin Options, is the best hedge tool ever for Bitcoin trading on the spot trading.
Then, how do the investors hedge their Bitcoin trading from the risk of the Bitcoin prices decreases?
For example, now the Bitcoin price is $10,000. When it rises to $11,000, the profit will be $1,000.
However, what if it falls to $9,000? If you do not hedge your Bitcoin trading, you would directly lose $1,000.
If you hedge your Bitcoin trading by buying a put options contract with $10, when the Bitcoin price drops from $10,000 to $9,000, you would earn $1,000 from the put options contract. Thus, your $1,000 loss on the spot trading would be hedged. This is how Bitcoin Options attracts investors.
Q: Which exchanges offer Bitcoin Options?
Lucian: There are few exchanges that offer Bitcoin Options now. Only BAKKT, CME, BitOffer, Binance JEX, OKEx, etc. do, but except BitOffer, the Bitcoin Options offered by the others belong to European Options, which means investors need to buy a whole Bitcoin, otherwise, they will only be able to give it up and lose the options premium. However, BitOffer Bitcoin Options is much simpler due to its features of 0 margins, 0 fees, and no exercise requirement.
Q: For newbies, which is much more suitable? Options trading or spot trading?
Lucian: The essences of Bitcoin Options and the spot trading are the same because a Bitcoin Options contract equals to the right of holding a Bitcoin.
We can make a simple comparison of Bitcoin Options and the spot trading:
When the Bitcoin price is $10,000,
  1. Buying a Bitcoin needs $10,000;
  2. Buying a Bitcoin Options contract needs a minimum of $5.
If the Bitcoin price rises from $10,000 to $10,500, you would earn $500 in both.
The payoff of these two is the same, but the budgets have a 200-fold difference.
On the contrary, when the Bitcoin price falls, if you predict the wrong direction, your largest loss in Bitcoin Options will only be the premium of your Bitcoin Options contract, which means you will only lose $5. The payoffs of the spot trading and Bitcoin Options are the same, but the budget of investing in Bitcoin Options is much lower, which makes the risk become lower.
Q: Are investors able to experience Bitcoin Options for free?
Lucian: For now, BitOffer is holding campaigns for Bitcoin Options, the date of the campaign now is 2020.2.14 09:00 to 2020.2.28 09:00 (UTC+8). In this period, new registrations on BitOffer will receive 50 USDT on their bonus account to experience Bitcoin Options for free. Moreover, the 50 USDT for experiencing Bitcoin Options is allowed to withdraw after applying.

https://preview.redd.it/q4vo83ikloh41.png?width=1456&format=png&auto=webp&s=4f5a686240a954b61f9e605f3c814a988c74ab9d
submitted by Bitoffer_Official to BitOffer_Official [link] [comments]

The flea (derivatives) on the tail (BTC) controlling the dog (ETH)

TL;DR Derivatives that allow speculators on margin to short or long BTC now control the spot market for both BTC and ETH. To survive and profit in this new environment the first thing is to recognize that the past is not the future.

In the early days it was easy to determine if the price of ETH and BTC would go up by looking at demand and the on-chain flows of BTC and ETH into and out of the few existing centralized exchanges and front run these. Those days are long gone.
Today there are cash settled CME and Bakkt BTC Futures and Bakkt BTC Options with CME Options in early 2020. Futures, Perpetuals and Options are now, or will shortly be, on many crypto exchanges.
The open interest on derivatives markets is now far larger than spot markets on centralized exchanges due to margin. This has resulted in opportunities for manipulation and during 2019 there has been obvious price manipulation downward of BTC.
In addition, data collected by skew indicate that the largest activity in derivatives occur Monday to Friday strongly implicating the involvement of institutions and that there is a 91% correlation between BTC price and ETH price.
Given the above, these are questions I am asking myself going into 2020.
Above is not investment advice. Most people who day trade lose money -> wallstreetbets.
submitted by DistantView to ethtrader [link] [comments]

As the 4th Bitcoin Gaining Cycle Comes, How to Maximize Your Profit and Avoid the Risks?

As the 4th Bitcoin Gaining Cycle Comes, How to Maximize Your Profit and Avoid the Risks?


Background:
By reviewing the bitcoin market movements last month, the bitcoin price on Nov. 1st was $9,054. When the end of Nov came, the bitcoin price dropped to $7,318.
As the historical trend of bitcoin has gone, the bitcoin price has been through 3 cycles of gaining:


  1. From 2009.01 to 2013.04, the bitcoin price rose from $0 to $198. At the initial point of the 1st period, the bitcoin had no price, and its value was defined by Satoshi Nakamoto and other early miners. At that time, bitcoins had nowhere to trade, the early miners only could hold it. It is one of the reasons why the bitcoin price pumps or dumps sharply because the early holders can choose anytime to sell it and quit. In the middle of 2010, the first bitcoin exchanges such as Mt.Gox launched. And as exchanges like Bitstamp, Kraken and Coinbase started operating, the era of “Bitcoin Online Trading” came, and the bitcoin price had soared to $198.
  2. As the bitcoin price firstly touched $198, some of the early miners started selling the bitcoins they hold for arbitrage. When the date past 2013.07, the bitcoin price fell to $69. Then, the bitcoin price boomed to $1,000 when some of the institutions with a traditional financial background and some personal investors injected capital into the bitcoin market in the second half of 2013.
  3. In early 2014, the biggest heist of bitcoin on Mt.Gox happened urged the bitcoin price to slump. the bitcoin price did not go back to $1,000 until Feb 2017. And as the ICO projects got popular and the fork of bitcoin happened, the trading volume of bitcoins reached the peak and the price of bitcoin also reach the peak of $20,000.
After reviewing the gaining cycles of the bitcoin price until now, the corollary that we are now going through the fourth cycle.
Just as the financial history repeats itself, the percentage of holding bitcoin more than 12 months has decreased to 40%, which is similar to the situation that the last time the bitcoin price boomed to $1,000. We can easily draw a conclusion that the decentralization of bitcoin holding means that the trading demand of bitcoin is increasing. And when the bitcoin trading becomes diversified with the bitcoin finance derivatives became more and more robust, more and more financial institutions and personal investors will enter the bitcoin market. Thus, in the next period, the bitcoin price will present an uptrend in total.
So, how to achieve the benefit maximization and avoid the risk when the fluctuations happen in this period?


Hedging is definitely an important part you should plan for your bitcoin trading. With hedging work for your trading, you will avoid the risk of holding a bitcoin but the price drops in some time.
For example, 3 weeks ago, the bitcoin price decreased from $8,150 to $6,665, if you hold 1 bitcoin, then you would lose $1,485 during this decline. However, if you chose bitcoin derivatives such as futures or options to buy a contract for BTC Short, then you will save $1,458 loss when the bitcoin price dropped.
Here are two solutions I’ve mentioned above: Futures&Swap, Options.
  1. In futures trading, you can open leveraged BTC Short contracts with the principal, margins and fees. If you hold 1 bitcoin at that time, and you select the leverage in 20X, to save the loss of $1,485, you will need the principal in $400, and the margins at least 0.00024 BTC (but usually you will need to input more to prevent from liquidation). It is a useful way for you to hedge the risk of holding 1 bitcoin.
  2. In options trading, for example, if you open a 7-days put contract on BitOffer Bitcoin Options, usually it only needs around $200. Moreover, it does not request any margin and any fees.
Here is how it works:
When you hold a 7-days put contract, if bitcoin price drops from $8,000 to $7,000, you will earn $1,000 profit, and in total, your loss of the bitcoin you hold will be hedged because you earn $1,000 from BitOffer Bitcoin Options.
What if the bitcoin price rises from $8,000 to $9,000?
You will lose $200 with the 7-days put contracts you buy, but you still earn $1,000 with the bitcoin you hold.
BitOffer Bitcoin Options, the best hedging tool ever, is now the easiest and cheapest hedging solutions you can see in the market.
Ending:
With an effective hedging strategy, I deeply trust you all should be able to maximize your profit and avoid the risk even the bitcoin market fluctuates acutely like always.
submitted by Bitoffer_Official to BitOffer_Official [link] [comments]

Differences Between CBOE and CME Futures Contracts (Simplified)

Bitcoin Futures Example
CBOE Bitcoin Futures
CME Bitcoin Futures
Main Differences
Errors
Edit
submitted by amansaggu26 to Bitcoin [link] [comments]

Bitcoin Cash: A Reflection on How Far We’ve Come

On August 1, Bitcoin resumed its original roadmap, scaling on-chain towards global adoption as Peer-to-Peer Electronic Cash.
It’s been just 3 and a half months since Bitcoin Cash broke away from BTC in order avoid a software mutation called Segwit, and to restore progress and growth to the ecosystem.
After a recent price rally that saw us reach 0.5 BTC ($3000), the reality is setting in that an overnight ‘flippening’ scenario that some people hoped for is unlikely, and that we have a longer road ahead.
It’s really important to remember how much has been achieved in such a short time.
Let’s take a moment to reflect on how far we’ve come as a young community.
July:
August:
September:
October:
November:
This rate and scale of industry adoption is unprecedented.
With every BTC holder receiving an equal amount of Bitcoin Cash, and with the price over $1300, the rate and scale of user adoption is unprecedented.
With fast, reliable transactions and fees that are less than 1 cent, and with both BitPay & Coinbase hinting at a full Bitcoin Cash integration, the rate and scale of merchant adoption will be unprecedented.
With unprecedented industry, user and merchant adoption, it’s only a matter of time until Bitcoin Cash becomes the default medium of exchange and store of value cryptocurrency.
The old Bitcoin is back. You can feel it. It’s the resurgence of a grassroots movement not seen for years. People are putting Bitcoin Cash posters in the streets, handing out leaflets, tipping strangers a few dollars online, and asking in forums how they can contribute to the community.
Just in the last couple of days a ‘Bitcoin Cash Fund’ was established, to assist with marketing and projects. The initial goal was $200 to make a short animated advert, but over $17,000 has been donated already. All of this positivity and energy is inspiring.
While businesses are being forced to abandon BTC due to exorbitant and skyrocketing fees (upwards of $10), they’re being cheered on every day as they embrace Bitcoin Cash.
The original vision is still alive. As an early bitcoiner, I’ve never been more optimistic.
Make sure you involve yourself in the community, we’re just getting started :)
Reddit: BTC or BitcoinCash
Twitter: twitter.com/BITCOINCASH
Website: bitcoincash.org
Dev: Mailing List
Also posted on Yours: Bitcoin Cash: A Reflection on How Far We’ve Come
submitted by cryptomic to btc [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]

[Megathread] On August 1, 2017 at 6:12pm UTC (block 478559), a new altcoin called Bcash (BCH) has been created using Bitcoin's transaction history. Bitcoin itself continues to function normally.

What is happening?

In what has been touted as the culmination of a multi-year scaling debate, on August 1, 2017 at 6:12pm UTC (block 478559) a new altcoin was created from Bitcoin. The new altcoin is known as "Bcash" (BCH) or "Bitcoin Cash" (BCC) depending on which wallet/exchange you ask. In order to avoid confusion with actual Bitcoin and other altcoins, we recommend readers refer to the new altcoin as "Bcash" (BCH).
As with all altcoins, Bcash is technically off-topic for the /Bitcoin subreddit. However, Bcash was created based on Bitcoin's transaction history, and therefore all Bitcoin owners should be able to retrieve an equal amount of Bcash with some effort. Your Bitcoins are just as safe as they were before the chain split, but you should take care not to compromise your private keys if you wish to retrieve Bcash. This is not urgent unless you wish to trade immediately. If you choose to retrieve your Bcash, please be aware that consolidating your UTXOs will impact your privacy on both chains.
In order to help readers navigate this confusing situation and minimize disruption of relevant content, /Bitcoin has dedicated this sticky thread where readers can ask questions or leave comments pertaining to Bcash. If you are wondering how to retrieve your new altcoin holdings, please read the discussion thoroughly as your questions may already have been answered. If you don't see a similar question, please be sure to mention your wallet method and preferred exchange so that other readers can help address your concerns. You are also invited to submit new threads to the /Bcash subreddit if you so choose.
If you would like to understand the motives behind this new altcoin, please read The Future of “Bitcoin Cash:” An Interview with Bitcoin ABC lead developer Amaury Séchet.
A Beginner’s Guide to Claiming Your “Bitcoin Cash” (and Selling It) is a must-read for anyone feeling particularly lost.

But I thought we avoided a chain split?

For those of you who thought we avoided a chain split with the activation of BIP91 a couple weeks ago, here's a very loose summary of what happened on the Segwit (BIP141, BIP148, BIP91) front:
  1. Bitcoin Core team deployed Segwit (BIP141) last year
  2. Miners refused to activate Segwit via BIP9
  3. Users deployed UASF (BIP148 by shaolinfry) to require Segwit (BIP141) signaling by August 1st
  4. Miners activated BIP91 (by James Hilliard) on July 20th in response to UASF (BIP148)
  5. BIP91 complied with UASF (BIP148) by enforcing Segwit (BIP141) signaling ahead of August 1st
  6. Segwit BIP141 is expected to lock in on Tuesday, August 8th
  7. Segwit BIP141 is expected to activate on Monday, August 21st
  8. BIP148 activated successfully without any chain split
  9. Another altcoin called "SegWit2x" (B2X) may be created later this year, similar to Bcash but with less safety precautions regarding replay protection
Despite all the progress we're making in scaling Bitcoin both on-chain and off-chain, the Bcash crew has decided to part ways with the Bitcoin project by creating a new altcoin. The key differences are that they are attempting to gut Segwit from their forked client, as well as increasing the deprecated max_block_size attribute to 8MB.

Various Announcements:

Electrum 1 - Electrum 2 - Trezor - Ledger - Coinbase - Breadwallet - Bitfinex - Airbitz - Blockchain.info - Exodus - Jaxx - Kraken - Bittrex - Greyscale - Yobit - Bitcoin Core - Bitstamp - [Mycelium]() - [GreenAddress]() - BitcoinTalk - (Reply in comments to add other services)

/Bitcoin wishes Bcash a happy farewell and the best of luck in their new venture!

submitted by BashCo to Bitcoin [link] [comments]

Simple, cheap trading bot for crypto? Is Margin.de any good?

Hi.
I'm also looking for some bot for crypto trading. I've done my research, and mostly websites and forums reccomend bots like HaasBot, CryptoTrader, GunBot, CryptoHopper, ProfitTrailer, 3Commas (and some others)... There are 6-10 bot names, that they are repeating. But these are too expensive for me, as I'm rather playing with trading and learning all the stuff.
I don't invest large amount of money, so I'm looking for rather cheap bot. Basically, most of my needs is just Trailing Stop Loss and integrated charts for coin pairs. And Binance integration with optional Kraken and Bitstamp.
I know there's free Gekko bot (https://www.coinbureau.com/education/gekko-trading-bot/ | https://gekko.wizb.it/), but it seems rather complicated for me to set it up and then coding in order to develop & run some actions. For now, with my current "no free time" scheme, Gekko is no-go.
I've came across TT (https://www.tradingtechnologies.com/resources/labs/tt-crypto/), but it seems kind of shady for me: no crypto website wrote about it, as far as I've been doing my research. Beside that, TT operate only on GDAX/Coinbase Pro.
So, finally, I've landed on this site - Margin.de: https://margin.de/features (formelly Leonardo), which seems to have good reputation overall, it's visually nice and it's $89 lifetime license, so totally acceptable for me.
Question is - is it any good and trusted?

EDIT:
I'm not expecting to have 1000% ROI in 7 days. Basically I need automation tool rather than complete strategy bot, which will do everything for me. I want to play with exchange, test my strategies, without placing, editing, deleting my orders manually.
For now, I'm putting little "scalping" orders on Binance, and I'm having like 4-7% income on BTC pairs. But putting them manually via exchange website is difficult and frustrating and I want to automate it. Not to mention, that I have to look over the charts "by hand" in order to keep up with current prices and also Binance/Kraken/Bitstamp don't have Trailing Stop Losses...
With some little help/advise from bot (f.e. notifying me about MACD crossovers and/or crossing long MA with short MA).
submitted by raven6679 to Daytrading [link] [comments]

Bitcoin Cash: A Reflection on How Far We’ve Come

On August 1, Bitcoin resumed its original roadmap, scaling on-chain towards global adoption as Peer-to-Peer Electronic Cash.
It’s been just 3 and a half months since Bitcoin Cash broke away from BTC in order avoid a software mutation called Segwit, and to restore progress and growth to the ecosystem.
After a recent price rally that saw us reach 0.5 BTC ($3000), the reality is setting in that an overnight ‘flippening’ scenario that some people hoped for is unlikely, and that we have a longer road ahead.
It’s really important to remember how much has been achieved in such a short time.
Let’s take a moment to reflect on how far we’ve come as a young community.
July:
August:
September:
October:
November:
This rate and scale of industry adoption is unprecedented.
With every BTC holder receiving an equal amount of Bitcoin Cash, and with the price over $1300, the rate and scale of user adoption is unprecedented.
With fast, reliable transactions and fees that are less than 1 cent, and with both BitPay & Coinbase hinting at a full Bitcoin Cash integration, the rate and scale of merchant adoption will be unprecedented.
With unprecedented industry, user and merchant adoption, it’s only a matter of time until Bitcoin Cash becomes the default medium of exchange and store of value cryptocurrency.
The old Bitcoin is back. You can feel it. It’s the resurgence of a grassroots movement not seen for years. People are putting Bitcoin Cash posters in the streets, handing out leaflets, tipping strangers a few dollars online, and asking in forums how they can contribute to the community.
Just in the last couple of days a ‘Bitcoin Cash Fund’ was established, to assist with marketing and projects. The initial goal was $200 to make a short animated advert, but over $17,000 has been donated already. All of this positivity and energy is inspiring.
While businesses are being forced to abandon BTC due to exorbitant and skyrocketing fees (upwards of $10), they’re being cheered on every day as they embrace Bitcoin Cash.
The original vision is still alive. As an early bitcoiner, I’ve never been more optimistic.
Make sure you involve yourself in the community, we’re just getting started :)
Reddit: BTC or BitcoinCash
Twitter: twitter.com/BITCOINCASH
Website: bitcoincash.org
Dev: Mailing List
Also posted on Yours: Bitcoin Cash: A Reflection on How Far We’ve Come
submitted by cryptomic to Bitcoincash [link] [comments]

Cryptocurrency and Blockchain – Industry News – (07.05.19 – 07.12.19)

Total Market Cap, as of 07.12.19 at 12:00pm (PST): U.S. $320,641,857,854 (+ 0.47%)

Missed last week’s update? Click here

STORY OF THE WEEK

• Japanese cryptocurrency exchange Bitpoint has suspended services due to a 3.5 billion-yen (U.S. $32 million) hack on its hot wallets. Of the 3.5 billion yen, 2.5 billion were customer funds.

CRYPTOCURRENCY TRADING SERVICES

KuCoin launches KuMEX, a platform offering bitcoin derivatives (perpetual contracts) with leverage up to 20x.
Shapeshift launches custodial platform to allow users to trade crypto whilst having full custody of his/her own private keys.
• On July 8th, 2019, Polish crypto exchange BitMarket abruptly shuts down citing liquidity issues.
Binance lowers ethereum and erc-20 block confirmations down from 30 to 12 for deposits and withdrawals to and from the platform. Bitcoin transactions are down from 2 to 1.
Poloniex launches fiat-to-crypto trading and credit card purchases for crypto.
Binance launches margin trading for Bitcoin (BTC), Binance Coin (BNB), Ethereum (ETH), XRP, Tether (USDT), and Tron (TRX). The platform will initially support up to 3x leverage, with the intention to eventually offer up to 20x leverage.

REGULATION

India’s Ministry of Home Affairs to offer specialized trading sessions dubbed “Investigation of Cases Involving Cryptocurrencies” to help law enforcement combat cryptocurrency related scams.
The Inland Revenue Authority of Singapore (IRAS) proposes a Goods and Sales Tax (GST) exemption scheduled to go into effect on January 1st, 2020 for cryptocurrencies that are designed as a medium of exchange.
Blockstack becomes the first to receive approval from the U.S. Securities and Exchange Commission (SEC) to move forward with its token offering under a Reg A+ listing.
• Amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act of Canada require Canadian and foreign platforms dealing with cryptocurrency to implement full-scale compliance procedures and to report all deposits and withdrawals that are CA $10,000 or more.

TECHNOLOGY

Samsung releases an ethereum software development kit (SDK) for android developers. The kit provides tools to make it easier to build decentralized applications and the ability to leverage a payment gateway for cryptocurrency remittances.

INSTITUTIONALIZATION

• No significant developments this week pertaining to institutional players in the space

PEOPLE

Fidelity Digital Assets updates its hiring board to onboard 10 blockchain based job positions. Specifically, the firm is looking for a vice president, director, leading software engineer, blockchain software engineer, product designer and various other roles.
Bitstamp hires ex. Gemini compliance executive Caitlin Barnett to serve as its new U.S. Chief Compliance Officer.

TWITTER

@realDonaldTrump– “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity....”
@jespow – “If you study crypto, you will find much to agree with. Crypto is about personal responsibility and choice. It is about free markets and competition. It is about mathematical, verifiable, perfectly enforceable regulation. Crypto is to commerce what Twitter is to speech: democracy.”
@APompliano – “It’s a store of value” — Jerome Powell, Chairman of the Federal Reserve talking to the Senate Banking Committee about Bitcoin THE VIRUS IS SPREADING
submitted by Edmund_N to CryptoMarkets [link] [comments]

Bitstamp  Bitfinex  Binance Trading Bot  Update How to make money trading! BEST MACD, RSI setup! Bitstamp ... BEST KEPT SECRET Bitcoin Trading Platform 100X leverage Huge Profits Buying Selling Bitcoin Fast Bitstamp - YouTube How to make your first trade at Bitstamp

Bitstamp is a centralized cryptocurrency exchange located in United Kingdom. It currently has a 24-hour trading volume of $67,316,702 from 7 coins and 14 trading pairs. Bitstamp is established in year 2011. More information about Bitstamp exchange can be found at bitstamp.net Margin Trading with Bitcoin: On this page you can find all the Bitcoin Exchanges and Trading Platforms which allow margin trading. Make sure to know your skills and your limits exactly, Bitcoin Margin Trading is especially risky and in volatile markets like all crypto currency markets. Bitstamp’s full trading functionality in your pocket. Place and manage orders, check the charts, deposit and withdraw funds and send and receive crypto. Trade with peace of mind. ADVANCED CRYPTO STORAGE. Institutional-grade custody from BitGo with 98% of customer assets in cold storage and protected by BitGo’s insurance coverage to provide ... Margin trading is not available at Bitstamp. For those of you who do not know what margin trading is – this is a mechanism by which you trade with more buying power than the money you have in your account. When it comes to froex brokers, they allow substantial leverage levels, ... There’s also margin trading which allows you to borrow more than you currently own using your crypto as collateral, this is also known as leverage. ... Bitstamp’s trading engine will ...

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Bitstamp Bitfinex Binance Trading Bot Update

Long form review: https://www.coinbureau.com/review/bitstamp/ Bitstamp is a cryptocurrency exchange that has been around for quite some time having been fo... Bitfinex ed Ethfinex Tutorial Come Funzionano Exchange, Margin Trading, Funding? - Duration: 36:38. The Crypto Gateway - Investire in Criptovalute 2,463 views #yobit#binance#bittrex#exmo#poloniex#btc-alpha#luno#kraken#tradebot#luno#bitfinex#bitstamp#okex#livecoin Download the trading bot from the video, you can download it for free from the link below ... https://www.bitfinex.com/?refcode=KDERcqElbi Sign up for a Free account on Bitfinex and get 10.0% on trading fees 10.0% on lending fees Margin Lending Calcul... Time to Relax and Learn to trade! We are a team focus on teach you best way to trade. Also we will share tops, meditation videos, and relaxing sounds video! ...

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