BitMEX Margin Trading FAQ – Crypto Margin Trading

Long/Short calculations for excel backtest

I'm trying to create an excel sheet for backtesting trading ideas and I'm having trouble figuring out the PnL formulas.
I'm primarily using Bitmex so not sure if formulas are the same across other leveraged trading platforms.
I basically want to have a simple sheet where I can start with a certain amount then go long or short (1x) on each historical price that my chosen indicator signals. Then compound that amount over years to get a simple idea of how a strategy might work if strictly adhered to over a long period of time.
(I'm not including fees for the sake of simplicity at this stage.)
I've tried to reverse engineer the "ministry of margin trading" PnL calculator but can't figure out a few key formulas.
Can someone please tell me what formula I need to add to an excel cell to automatically calculate the profit or loss from a Long or short in Bitmex?
If I'm just simply buying & selling this is easy: =Exit price - Entry price
But with Bitmex PnL calculators the results seem to be quite complicated.
I'm guessing it needs to be = ( (Exit Price - Entry Price) / Something? ) X Leverage

I'd also be grateful if someone can point me towards an existing (unlocked) excel sheet online that I could download for backtesting.

Also very keen to figure out how to code backtests in Trading View, but this is also taking a bit of work. Any tips or links here also greatly appreciated.

Thanks!
submitted by nance8000 to technicalanalysis [link] [comments]

Bitmex unjust liquidation

On friday March 12 I placed a 3 btc x10 short order at $4412, unfortunately without realising there was a huge spread of the markprice to the last traded price on the exchange. My margin which was supposed to be 3 btc instantly became less than 0.5 btc upon order execution. This is not how financial derrivatives are intended to work, Bitmex states, on their website, the following:
" BitMEX employs a unique system called Fair Price Marking to avoid unnecessary liquidations in its highly leveraged products. Without this system, unnecessary liquidations may occur if the market is being manipulated, is illiquid, or the Mark Price swings unnecessarily relative to its Index Price. The system is able to achieve this by setting the Mark Price of the contract to the Fair Price instead of the Last Price*. "*
The markprice did the exact opposite of what it is claimed to be doing in my case.
Then I went a little deeper and looked at what happened with the BXBT index on the time I got liquidated (Thu, 12 Mar 2020 23:59:22 GMT ). According to my liquidation e-mail the BXBT index rose to $4922.37 and the markprice (which is based on the BXBT index) rose to $4913.0. I then looked at the BXBT index historical values and specificcaly the high of the 23:59:00 minute candle and to my surprise see that the high was $4861.51 which is far from the $4922.37 which triggered liquidation.
Based on these previous facts I have submitted a ticket and provided the bitmex team with documents that substantiate these facts. I also have requested a refund, but so far all I get is basic answers like what markprice is and what happened during the ddos attacks, which all are not applicable to my case.
I will keep you guys updated if something substantial happens, have a good weekend.
submitted by zeki5555 to Bitcoin [link] [comments]

Long/Short calculations for excel backtest

I'm trying to create an excel sheet for backtesting trading ideas and I'm having trouble figuring out the PnL formulas.
I'm primarily using Bitmex so not sure if formulas are the same across other leveraged trading platforms.
I basically want to have a simple sheet where I can start with a certain amount then go long or short (1x) on each historical price that my chosen indicator signals. Then compound that amount over years to get a simple idea of how a strategy might work if strictly adhered to.
(I'm not including fees for the sake of simplicity at this stage.)
I've tried to reverse engineer the "ministry of margin trading" PnL calculator but can't figure out a few key formulas.
Can someone please tell me what formula I need to add to an excel cell to automatically calculate the profit or loss from a Long or short in Bitmex?
If I'm just buying & selling this is easy: =Exit price - Entry price
But with Bitmex PnL calculators the results seem to be quite complicated.
I'm guessing it needs to be = ( (Exit Price - Entry Price) / Something? ) X Leverage
I'd also be grateful if someone can point me towards an existing (unlocked) excel sheet online that I could download for backtesting.
Also very keen to figure out how to code backtests in Trading View, but this is also taking a bit of work. Any tips or links here also greatly appreciated.
Thanks!
submitted by nance8000 to BitMEX [link] [comments]

Your Position Has Been Liquidated

I remember reading the post about the guy who almost lost 200btcs. I remember reading the post about the guy who had to quit crypto because he lost it all.
It all sounded funny. "Hah. Noobs!", I thought. They mentioned they lost margin trading, and so I began learning about it.
Such potential! I could double my btc in minutes rather than waiting weeks for an altcoin to pump! I promised myself I would be extremely careful with it and not make stupid greed trades.
After 2 days, I lost 0.3btc. I had 0.7Btc left. Not the end.
I deposit 0.3 more btc. After 1 day, I lose half of it. Then, i manage to go from about 0.15 to 0.6 btc in like 2 days. I got super excited and confident. I could beat the market!
The same day, I go all in with one trade. I wait for a small pump to confirm that a pump will happen indeed. The small pump happens, I go all in. The next second, a crazy flash dump happens.
0.1 left. I transfer my last 0.4 from binance to Bitmex. This was 2 days ago
Guess what happened next?
In 2017, I had 150k in crypto. After the market crash, I was left with 1 bitcoin. 1 bitcoin that i held for 2 years. 2 years gone in about 2 weeks.
I cannot imagine how many people will lose their savings when binance opens up margin trading. So many people already do in Bitmex alone.
What hurts is not losing my portfolio. What hurts is knowing I will probably miss the crypto bull market while I work in a shitty job and try to make it all back.
submitted by Dimax88 to BitcoinMarkets [link] [comments]

Amanpuri CEO ISAO FUJIWARA latest interview In March of 2020 part1

In March of 2020, Amanpuri CEO ISAO FUJIWARA’s latest interview was published in the Japanese media.
Features of AMANPURI
Kato: For people who are reading an article about AMANPURI for the first time, could you introduce us to AMANPURI? What are the characteristics of the exchange?
Fujiwara:AMANPURI is an exchange where you can trade cash and leverage up to 100 times. It’s a combination of the good things about Binance and BitMEX, with features and specifications that would make a skilled professional trader wish it had been there. It’s also designed to make it safe for even novice traders.
Currently, the exchange’s own token AMAL is listed on BiKi, which allows 5% of the exchange’s earnings to be redeemed in BTC if you hold more than 10,000 AMALs. This value may seem small at first glance, but it should result in more results than you might imagine, as leveraged trading involves more frequent counter-trading for entries and closes than physical trading.
Most recent achievements
Kato: Please tell us what AMANPURI has achieved in the last six months. Was there anything special to note?
Fujiwara:On December 7 last year, physical trading was opened. Also, on October 9 of the same year, the company received its Money Services Businesses (MSB) license in the United States. A search for “31000155552217” from the US Department of the Treasury’s MSB Registrant Search will confirm that Amanpuri is registered, and MSB allows AMANPURI US to legally offer virtual currency transactions only in states where the license allows it.
Amanpuri conducts compliance operations globally.
And when it comes to global supervision, we accept it and go with it.
However, I don’t believe that these have reached a full start for us.
Leveraged trading will open on March 27, 2020, and AMANPURI’s leveraged trading is the same transparent board matching system as BitMEX, which aims to exceed the volume of BitMEX, so of course all the basic features and specifications that are in BitMEX are in place. On top of that, a variety of ordering methods will be implemented that are also the choice of professional traders. It also offers a simple way to trade that even beginners can quickly get used to.
Currently, AMANPURI only offers physical trading and deals with major virtual currencies. The number of users is gradually increasing and you can make a stress-free transaction.
Our exchange will be an exchange where leverage trading is the main focus. We believe that one of our strengths is the ability to exchange BTC used for margin into a variety of currencies within the same exchange.
Most recent marketing strategy
Kato: Please tell us about AMANPURI’s latest marketing strategy. How will you differentiate yourself with the growing number of leveraged exchanges? Also, what areas will you focus your marketing on?
Fujiwara: As I’ve said in previous interviews, I won’t give an answer on marketing strategy.
But what about the current situation?
It’s been five months since our last interview, but don’t you think our company’s visibility has risen? We ourselves feel that we are still able to do solid marketing without leveraged trading as the mainstay of our business.
Leverage exchanges are on the rise. It may be like a leverage race from now on, but the higher the leverage, the better, doesn’t mean it’s better.
And while I’m sure many similar exchanges will be established in the future, the key is the management’s attitude towards society, the company, the work and the users. I think this attitude sometimes comes naturally to the surface in terms of differentiation. It will reach out to the itch of users and be a safe exchange for them.
As for the area, there are currently more than 10 countries where the AMANPURI community can be spontaneously generated. We would like to expand to the world, mainly in the countries where our communities are located. I would be happy if you could translate this interview into English so that it could be seen by as many people overseas as possible.
About the current thinness of the BTC trading board
Kato: AMANPURI’s BTC/USDT board is still thin, so it does not appear to be able to offer high liquidity at the moment. Lack of liquidity can also have the detriment of keeping traders off the exchanges. How do you plan to ensure liquidity in the future? How do you plan to create a friendly environment for traders?
Fujiwara : Our mainstay is a leveraged exchange that will open soon. It is not focused on attracting users of physical trading.
That doesn’t mean I’m skimping on the physical trading part. Basic trading performance, such as databases and matching engines, is built on a system that is above the general level. We believe that physical liquidity will go up in proportion to the number of people who use the leverage, which is still not as good as Binance, but currently physical liquidity is increasing.
After the opening of leveraged trading, physical traders will be able to complete their short hedging with leveraged trading on one exchange.
submitted by mimrama to u/mimrama [link] [comments]

BitMEX Margin Tracking

BitMEX Margin Tracking
We have updated the way in which we track margin trades on BitMEX. If you previously already added a BitMEX account to CoinTracker, please remove and re-add it. Otherwise, it will work seamlessly if you are adding a new BitMEX account for the first time.

https://preview.redd.it/8qfvgvyiqgn41.png?width=2250&format=png&auto=webp&s=d628362f1d221dcba85aaba7b3398798583acabb
submitted by chanfest22 to Cointracker [link] [comments]

BitMEX now integrated with CoinTracker for seamlessly crypto portfolio tracking

BitMEX has integrated with CoinTracker for seamless portfolio tracking and crypto taxes. Here's a guide for additional information on how to track PnL on BitMEX margin transactions.
submitted by chanfest22 to BitMEX [link] [comments]

03-11 16:45 - 'Coinburrow perpetual Algo Launched' (self.Bitcoin) by /u/Material_Brick removed from /r/Bitcoin within 163-173min

'''
The Australia-based exchange said Wednesday in a blog post that its new “Perpetual Algo” feature provides leverage up to three times or "3x" for individual investors in 30 countries and 23 U.S. states, including the lucrative New York market. The leverage is also available to institutional traders in 44 states and Twenty Five countries.
The 3x leverage matches C’oinBurrow’s previous margin offering from 2017. CoinBurrow, led by Analyst Allyssa Sosa, briefly offered margin trading at the time, but suspended the service later in the year. Executives had been signaling since early 2019 that they were considering reviving the effort.
The resurgent push by Coinburrow comes as competition heats up among the world’s crypto exchanges, and the biggest players are scrambling to attract customers and transaction volumes with new digital-token listings and features like better trading technology, more leverage and more-secure custody options.
“Perpetual Algo” has been one of our most requested features," Coinburrow said in the blog post.
Several big non-U.S.-based exchanges, including Binance, BitMEX and Deribit, offer leverage of 100 times or more on futures contracts and other derivatives, but many of those offerings are off-limits to American customers. While U.S. traders can get leverage to buy regulated bitcoin futures contracts on the CME and Intercontinental Exchange’s Bakkt division, those venues require special accounts to trade commodities.
Leverage is considered risky in trading because it boosts the chances of losses alongside the enhanced potential for gains.
In an example of how Coinburrow’s new offering will work, traders could put $2999 down and continue up to $10000 of bitcoin from the exchange for trading with bitcoin perpetual Algo, increasing the potential size of the bet to x2-x3 worth of bitcoin. If bitcoin’s price climbs by 33 percent, traders would double their original investment.
In the blog post, Coinburrow said the perpetual funds can be used to trade other cryptocurrencies, in addition to tripling-down on a single digital asset like bitcoin: " If deployed as part of a responsible trading strategy perpetual trading algo doesn’t just increase your position in a specific trade but can also help diversify your portfolio, allowing you to hedge or arbitrage across multiple positions without depositing additional capital."
Coinburrow is notable because it is one of only a few big cryptocurrency exchanges based in Australia., submitting to the nation’s strict regulations in exchange for access to customers from the world’s largest economy. Started in the early years of the crypto industry in 2017, Coinburrow has long been used by cryptocurrency newcomers as an “on-ramp” into bitcoin and other digital assets from dollars and other government-issued money. The company now claims to have more than 30 thousand users.
[EARN FROM THE NEW INNOVATION ( COINBURROW.]1 . )
With coinburrow you can mine various kind of cryptocurrency based on what you are familiar with and how much you can afford, Also it based on how long you want the investment span to be.. You can invest $2999 and earn unto $5000 over a period of 55 days¦ You can also invest in the Bitcoin perpetual Algo, where you can earn over a period a year or 2 years.. [Cloud Mining I Crypto Investment]2 COINBURROW Can help you build your wealth while you continue with your day to day earnings.
'''
Coinburrow perpetual Algo Launched
Go1dfish undelete link
unreddit undelete link
Author: Material_Brick
1: c*inb*rro*.ne*/ 2: coin**rr*w.n*t/
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

How and why exchanges are manipulating the price in order to capitalize on the new market dynamics

The current market seems to be largely driven not by organic buying and selling, but by exchange driven manipulation of the spot market to exploit the current dynamics of leverage trading. We just saw it again now as they liquidated 3K longs but you can see this pattern of clear manipulation over and over in the last few weeks .
We have seen several forces set an incentive for exchanges to do this:
Some exchanges like Gemini have reacted to all of this by increasing their trading fees by 400%. Meanwhile Bitfinex specifically seems to be using its hefty weight to manipulate the price in order to capitalize on the record number of people using margin to bet.
Both longs and shorts are bets on the price moving up or down and they have a "liquidation price" at which they get liquidated by the exchange, essentially the exchange gets the entire stack they bet with and extracts a high market fee multiplied by the leverage. Since the exchanges know the characteristics of the outstanding shorts/longs, and since volume is low after these pumps or dumps leading to sideways drift, they can essentially engineer movements in price that create income in terms of liquidations. When there are lots of overleveraged shorts, an exchange can pump the price with bots briefly and collect the short position. Same with longs but in reverse, a quick burst of selling pressure.
You can see this in the most recent pumps too on Bitfinex, where 1K buy orders appear out of nowhere after long sideways movement only to be followed by either sideway movement or slow bleed on pathetic volume:
https://i.imgur.com/3YaWVBI.png
https://i.imgur.com/pvpcd7Z.png
Take a look at the most recent pump up to 7K, it instantanously liquidated about 700 short positions:
https://i.imgur.com/3sCLEB8.png
Now this last dump was a laddered 12.5K sell order on Bitfinex that liquidated around 3K long contracts
https://i.imgur.com/znYyUT8.png
Bitfinex tends to be where the big money traders move (their minimum deposit is 10K) so even if each long position was only 0.5 BTC on average they exchange would make a ton of money. If you look at the BitmexRekt twitter feed that shows a running list of Bitmex liquidations with humorous commetary, you will see many >$1 million dollar positions being liquidated during these moves.
This is what all the "Bart" formations we have seen stem from. Its not George Soros pumping Bitcoin for shits and giggles, nor is it the nebolous "whales". They have no incentive to try and pull off PnDs now that it only leads to either sideways movement or decline after the pump. A PnD only works if the delta between the top of the pump end point and dump initiation point is positive, while now it seems to be followed by sideways movement. Those who do want to bet on further upward movements seem to be doing it off the spot market, using margin with futures and perpetuity swaps on Bitmex. This makes the low volume spot market ripe for manipulation, exchanges like Bitfinex and Bitmex have every incentive right now to manipulate the price.
Looking back it seems almost inevitable that this would have happened, that traders would try to replicate the gains they saw by buying and selling on the spot market a few months ago by using increased leverage and derivatives. In December and January there were days where your holdings would increase by at least 20% no matter what you bought. Once you experience those 20% daily gains you don't want to go back to a market where it slowly bleeds down a few percent every week, so people jumped in on high leverage short positions to multiply their profit on those single percent moves down.
For the small time investor there really isn't much you can do to stop this. This is what being part of an unregulated market means, it means that things like wash trading and long/short liquidation hunting is allowed.
All you can really do if you're a trader is look at the current ratio of longs vs shorts on Bitfinex and be aware that once short contracts become too high its possible that an exchange may pump the price to profit on it, while if the longs become too dominant we may see a dump.
Edit: Bitfinex, not Bitfenix.
submitted by arsonbunny to CryptoCurrency [link] [comments]

Beginner’s Guide to BitMEX

Beginner’s Guide to BitMEX

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

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

How to Sign Up to BitMEX

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

Futures and Swaps

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

Bitmex Leverage

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

BitMEX Fees

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

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

Deposits and Withdrawals

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

Supported Currencies

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

Trading Technologies International Partnership

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

The BitMEX Insurance Fund

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

How suitable is BitMEX for Beginners?

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

Is BitMEX Safe?

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

How Secure is the platform?

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

BitMEX Customer Support

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

Conclusion

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

Bitcoin Cryptotrading Basis Guide Book by Reslav

Bitcoin Cryptotrading Basis Guide Book by Reslav
https://preview.redd.it/6in97egosnx31.png?width=800&format=png&auto=webp&s=d2e4d1b052b295cb3da49f604fab7a6113321210
I wrote this lecture on the methodology of successful trading, and more specifically on tactics, strategies, subtleties and recommendations, based on 2 years of work on Bitmex, Binance, Gate, Okex bitcoin cryptocurrency exchanges in real combat conditions. Guided by this technique, I managed to earn 500% in excess of the deposit for 7 days of trading (i.e. I increased the deposit amount by 5 times!). These are not fairy tales, but reality, that is, confirming statistics of exchange transactions on the account of the crypto-exchange.
I believe that the knowledge provided in this course will help a beginner to master successful trading only if the course is not only read, but also outlined. It will be important to follow punctually, commenting on your actions in your notes.
In separate consultations, I could give personal instructions on the nuances of technical analysis on various timeframes, signals on entry points, information on trade automation software (algorithmic trading robots), and other tools useful in the work of a trader. But, despite a lot of additional software, my experience has shown that the most effective speculation model on the cryptocurrency and stock exchange, which everyone chooses for themselves based on practical experience, is directly in the online trading mode on exchange terminals. Each exchange is good in its own way, but also has its drawbacks. I chose the best solution for myself and am sure that this is temporary. Perhaps in the future there will be more progressive decentralized exchanges with good liquidity and they will replace the existing platforms managed by market leaders.
Various digital designations, such as: — in what percentage of the deposit do you enter into a particular transaction; — where to put stop limit or market (Market) (market) orders (and whether to place them at all), where to exit the transaction and how. Again, I note that all the selected values ​​are usually individual and depend both on the time trading intervals (TimeFrame) (1m 3m 15m 1h 3h 4h 6h 1 d 1w 1m) and on the deductible amount of the bet in % percentage of the amount of your deposit.
It is important to remember that trading in the cryptocurrency market is a high-risk investment activity that everyone chooses and carries out at their own risk. Remember that with a big bet on the whole, as they say, a patty, and even with 100x-500x leverage, you risk losing your entire deposit right away. An exchange machine or a well-tuned and trained professional broker robot does not cost anything to go against the trend with a tidbit — easy prey. Do not be hamsters i.e. naive simpletons — do not merge the deposit into zero due to elementary greed, incontinence, ardor and other factors that contradict the qualities that a professional trader needs to succeed in trading, namely: cold-bloodedness, endurance, accuracy, punctuality, tact, quick reaction , the ability to quickly enter numbers and timely press the desired buttons.
You ask me: “Hey … guy, you are so smart … I wonder how much you earned from trading or how much you earn or why you don’t do it yourself … why do you need competitors?” — I will answer you: it is no secret that AI (artificial intelligence) has been working on the exchange for a long time and it is constantly improving, but this still does not prevent a person from continuing to beat him. I hope that in the future this trend will not stop otherwise — we have disappeared. And as regards competition — do not worry so much for me, because there is still a trading idea, program or terminal that I have not yet implemented and not reported in this guide after its publication and, perhaps, it will not deprive me of future trading opportunities.
So, the instructions that I follow in the process of trading cryptocurrencies on the exchange terminal in online mode.
  1. It is necessary to wait for the moment of the entry point. You need to enter the deal only then, you feel it and foreseen it in advance according to the levels of the daily period.
  2. It is necessary to carefully weigh their capabilities, ie to consider funds, understanding that futures trading (with leverage) leads to greater risks of liquidation / margin call (MarginCall).
  3. During growth, you need to fix profit and try to sell at a pullback. It is always possible to re-enter a deal, but it is unlikely to return lost profits, instead, you can get several hours of dead weight in the price movement opposite from the planned direction.
  4. It is very important to have cost control, namely, the timely Stop Limit (stop trade order) + sliding Stop Loss (the same thing, only with insurance against a sharp price movement).
  5. It is easy to understand the wave component and accept the movement by levels — press exit buttons in time at 2% and + 10% according to the 1 to 5 principle (we risk one part of the deposit against 5). The Pareto effect has not been canceled: 20% activity, gives 80% effectiveness.
  6. To work with Japanese candles, the ability to draw support levels and resistance lines is enough, but this is not enough for a professional, because the presence of modern advanced indicators, such as MACD, SRSI, Ichimoku Cloud / Signal, horizontal and vertical volume indicator and so on, is very important. Everyone chooses for themselves the indicator that brings more profit to a certain trading range. But remember — the main criterion for success is an understanding of the laws of the market and trade by market. Perhaps this applies to the field of extrasensory perception, metaphysics, and other obscure and hard to prove phenomena and sciences, but one way or another — intuition is clear and has a place to be.
  7. In no case should you enter into short-term breakthrough deals on minute trading with market uncertainty. The situation where minute fluctuations may seem like reversal movements is often quite misleading. If you are in a pose (bull — for growth / long or bear — for fall / short) do not retreat and the market will not slow you to please you with profit. Often, a stock price feed / the same chart manipulates the minds of players, displaying false breakdowns and minute movements, on the basis of which you can not rely on a trend change (this lie is especially evident in minute time intervals / timeframes). In such cases, make decisions only at fundamental levels. On the hourly chart you will see a more truthful picture, because globally, on markets other than minute timeframes, the market is less susceptible to momentary manipulations. This knowledge will give you firmness in the intention and decision-making to remain in the chosen position and not to respond to minor market manipulations. During the day, you may repeatedly wish to unreasonably enter into such transactions, but remember that in this case you will be guaranteed to drain the deposit. Remember — the market from the middle of the trend will go up up or down and hit the stop limit order placed by you (if you play with a large leverage not for your money), after which it will go in the right direction you have chosen. Although in general the situation is banal — you are led by the nose like thousands as well as you. The only true method is to use common sense and avoid uncertainty when trying to enter a pose. A historical analysis of prices, the frequency of ranges (delta) of ups and downs, the degree of volatility and fundamental approaches — to help you. I also want to add that success is in your hands and it consists in the realization of the need not to merge a deposit under any circumstances.
  8. You cannot leave the market unattended, the alarm of the price change alarm is not in your favor or without a stop limit at a reliable exchange platform (broker).
  9. Once again I repeat, you must be prepared in advance for the fact that the market is deceiving and unexpected movements can often occur and your task is to secure your funds with a stop on the market or to fix profit by a floating stop or a fixed stop limit.
  10. Risk management — the basis of success in trading when trading with leverage (margin trading). It is usually recommended to go into a deal at 2% of the deposit with x leverage and stop from profit in the ratio of 1 to 5. What does this mean and why is this risk / profit sharing technique so important?It is necessary to clearly calculate probabilistic lumbago in order to avoid elimination. I recommend you not to rush into bets, but to take a sheet of paper and bargain virtually in order to understand whether your calculations were correct. A virtual game is worth nothing, but it will save you money and keep the deposit safe and sound.
  11. The wave theory assumes entry into the transaction after completion and a clear change in the previous trend based on signals and the news background, incl. experience of the current subject of trade — the operator pushing the buttons. For example, in the absence of price movement in the direction of the RSI indicator, analysis of all time frames with indicators, fibonacci levels, correction degree phase, time of day in time zones, stock and commodity market readings.
  12. It is important, before starting trading, test the presence of a manipulator on the market using the method of high rates. If you are looking for an entry into a major deal in a few weeks, keep in mind that a stop with a loss can be a significant amount in the money equivalent that you are ready to lose, and if the deal does not take place in your favor, you must set yourself up in advance for what it should be. Because a successful trader is not one who regularly guesses successful transactions, but one who successfully completes one out of five transactions according to risk management and the calculation of the leverage calculator in accordance with the chosen strategy.
  13. A lost position can be closed without waiting for the reverse restoration of the bidding process, thus manually participating in the balance adjustment or by setting a stop limit order in advance or after the bid in case of further decline or growth.
  14. There is an assumption that at the end of the working day, with a likely depreciation, traders convert stocks into fiat (money), which contributes to a depreciation, but this is not accurate)
  15. Incorrect entry into the transaction. How important is it to exit an unsuccessful transaction as early as possible or at the first rollback to change the direction of the trend or wait to determine a new entry point.
  16. The presence of two accounts on the exchange terminal is possibleand desirable in order to be able to remain in a winning position regardless of the success of the initially selected trading direction (a technique requiring careful verification by personal experience with a clear definition of the margin leverage and % of the entry into the transaction from the deposit balance to minimize the risk of loss).Successful trading does not consist in the ability to conclude as many successful trades as possible, but in minimizing losses.
  17. Technology is improving and strategies are changing. Before entering a transaction, it is necessary to carefully analyze the current market situation using a comparative analysis, studying the general news background (guided by the ***“buy for expectations — sell on the news”***postulate), detecting a flat (sideways), determining the level of instrument volatility (gold, oil, funds , bitcoins / cryptocurrencies — digital coins, etc.)
  18. Immediately put a stop — is a guarantee of success or a drain of the deposit? After all, how to cope with their own feelings and not get into anxiety about a successful or unsuccessful transaction? The gradual entry scheme works well.
  19. Coins. We look at the trading delta with the help of a robot scanner and make a decision based on all the above criteria in the course. It has been noticed that amateurs buy coins in the hope of growth. Remember, the market for altcoins is not growing now.
  20. A favorable time for earning is at the time of a flat, which usually occurs after the rising flag or the implementation of a bull pennant figure, etc. It will be more clear to observe the schedule in real mode and make the required notes in your own mind.
  21. On the cryptocurrency market, some laptop microprocessors are heated and the fan turns on at peak times. This indicates the beginning of a sharp movement and is a signal to enter the deal. Therefore, you can not only observe the behavior of the market, but now also listen (this is my personal note, it is unlikely that you will find such information somewhere else, as they say — an exclusive / VIP signal;)).
  22. You can still write a lot about time, how much can or should be spent on the monitor, on which timeframes to trade and which strategies to follow, but everyone should choose this independently and preferably, under the guidance of a specialist, because what is applicable to one is to the other — contraindicated.
In fact, any market situation should be beneficial for you due to successful risk management*!*For successful online trading, it is very important to use candlestick and technical analysis*, which help to more accurately determine the entry point to the transaction (purchase or sale).*You cannot act at random when the market is hard to predict and often ready to follow your footsteps.If you lose, then I do not recommend immediately going to recoup*, because trade should ultimately be break even. In ardor, you are likely to enter into an unsuccessful deal and lose even more than before. This situation will make you very sad, so do not make this mistake. She is famous.*Use a modern powerful laptop or desktop computer with a convenient side numeric keypad, a large screen and a convenient manipulator (mouse) so that when you press the buttons you have as little physical braking and stops as possible. Practice in advance to work in the browser on the exchange terminal without making a deposit on futures trading from the exchange wallet. This training practice will reduce your losses.
Hello from Ukraine, Kramatorsk city ( “War is peace / freedom is slavery [and] ignorance is strength.”)
Reslav Cryptotrader (if you need find me look around — me be i near ;).
To be continued…
http://twitter.com/reslav1
P.S.:
Nowadays, money strives to be counted more and more. Using the information technology of databases with indexes, it has become possible to automatically and instantly capture and display the information that was previously collected by entire departments of the state within a month and after manual entry was displayed on the screens of industrial monitors and public television. The era of the Internet has come, the time of the accessibility and decentralization of information.
Today we see stock chart quotes of stock prices of leading world companies online. Everyone has the opportunity to invest their money in these stocks and earn on the difference in exchange rates of their value. A speculative market was formed on this basis, where leaders appeared who were able to act most efficiently and, accordingly, earn money. Many specialists are studying the nature of success in speculative markets.
Many works on methods of achieving success in trading are morally obsolete due to the emergence of new technologies for calculating and controlling the money supply, for example, such as Bitcoin. After all, back in 2009 for 1309.03 BTC they gave 1 dollar. Today 1 BTC costs $ 9,000. This is due to the fact that since the appearance of bitcoin has never been hacked and the technology has shown its reliability and consistency, as a measure of the money invested in it. I will not go into the details and subtleties of Bitcoin technology, but I will note one thing — this is cryptographic software that was used in the banking sector as Swift payments, but transformed into a P2P peer-to-peer network of private computers, as a result, like Bittorent, it became public, hard controlled, commons. Bitcoin provides for a complexity bomb, which complicates each year, and therefore makes it more expensive, its limited production, and this is one of the main reasons for its rise in price. As well as the fact that Bitcoin is convenient for storing funds, as it is liquid and it can be easily sent without quantity restrictions and with high transaction (transfer) speed. All details about Bitcoin are available in open sources and you can find out everything about it on the Internet, as well as the alternative coin market (altcoins / coins), such as Ethereum, USDT (dollar tokens confirmed by a US company with real dollars in bank accounts) etc.
Around this market of bitcoin cryptocurrencies, the same speculative matrix (network / exchange) arose as around ordinary currencies and created such a strong competition for traditional assets that many governments adopted it and began to use and implement technologies that arose in their turn base. Cryptocurrencies or blockchain (cryptographic chain / blocks / chain) began to be introduced in public sectors of the economy for calculating and controlling public commons, such as electricity, land, etc.
Further, on the basis of this market, the need for regulation arose and the US authorities were very worried about the uncontrolled development of technology, on the basis of which a news background (negative or positive) arose, which powerfully affects cryptocurrency rates. In the era of information, this network began to act as a money pump, skillfully pumping money from the hands of inept speculators into the pockets of experienced traders.
As a result of reading a lot of books, watching various telecasts in the industry of bitcoin trading analytics, I came to the conclusion that successfully trading cryptocurrencies is akin to art and as statistics have shown, only 20% in 2–3 years are able to consistently earn money, and of which, in turn, only 2 -3% become billionaires.
I bring to your attention a technique by which you can enter the ranks of these 20% successful traders and possibly, jointly, open the door to those notorious 2–3% successful traders who are fortunate enough to touch the notorious golden fleece and discover the world of unlimited financial opportunities.
All knowledge is available in open sources and collected by me in the book “Basics of Bitcoin Trading from Reslav” (2019), most of them are available.
submitted by reslavr to u/reslavr [link] [comments]

First month Daytrading, PnL + Trades inside

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

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

Bitcoin Spot and Futures Markets 101

Unfortunately there is a lot of amateurs posting in Bitcoin as if they understand futures, markets and trading, but their posts contain absurdly inaccurate information. They appear to be motivated by their fears and trying to calm themselves.
There is NO fundamental reason to panic about the futures once they are established and sophisticated market operators are fully active they are great news for Bitcoin as they will bring liquidity and probably lower volatility.
However because people are very misinformed about the importance of understanding the basis (B) or spread between spot and futures prices and it's origins and interpretation so they are more vulnerable to manipulators strategies both upwards and downwards by sophisticated futures traders attempting to use momentum ignition manipulation during the initial days and weeks the contracts go live!
http://www.theoptionsguide.com/futures-basis.aspx
Hopefully in BitcoinMarkets we can be more sophisticated than the 101 and some theory means posts so there is nothing to worry about people ... nonsense! If you don't understand it then you do have something to worry about! You will be manipulated into buying at highs when B >> 0 and selling at lows when B << 0 unless you know what you are looking at.
Use your brains and educate yourself so you understand what is happening. Learn about and watch all of the spreads! Futures and spot and also between exchanges. BitMEX is a futures exchange so make sure you remember that.
It would be a great service to the community if the Bitcoinity operator could add various spreads and then it will be easier for people to watch for futures driven momentum ignition and learn to avoid being gamed by the professionals, however public access to real time futures prices is not possible and probably going to make problems as people don't realize the futures prices they are seeing are stale.
Some spot and futures 101 in the context of Bitcoin futures:
Understanding Buyers and Sellers Futures Arbitrage between Futures and Spot
B = F - S
The basics of the arbitrage opportunity between spot price S and futures price F is easy to understand. Let's review that first and then we can dive into settlement and delivery specifics.
To make things simple imagine you can borrow what ever capital K you like and that is the source of all your money (this is actually how it works for primary dealer level banks).
Sellers arbitrage
At time 0 assume B >> 0, so for example F0= $20,000/coin and S0=$15,000/coin.
You sell the future at F and buy the spot as S. You do this for 1 bitcoin worth, the size of a single CBOE futures contract. Your position is 1 short futures contract and 1 bitcoin.
At time 1 the future expires and is delivered or settled. For a physically delivered future you transfer your Bitcoin you own from buying at the spot exchange to the delivery location/system of the futures exchange. If the future is physically delivered your profit is
P = F0 - S0 - C
Where C are the costs to deliver and the cost of capital. Your capital K needed for this trade is
K = S0 + max(F between time 0 and 1) x %margin rate.
Since you borrowed K you will pay interest of that loan as part of your costs. If the futures price rises above where you sold your contract you will need to borrow additional K to fund the futures margins
we will come revisit cash settled futures later
Buyers
At time 0 assume B << 0, so for example F0= $15,000/coin and S0=$20,000/coin.
Assume you have a friend who owns massive amounts of Bitcoin and expects to continue to do so and trusts you and will let you borrow just one little coin for many months for a small fee because he knows you will give it back! I'm sure all of you have a friend like that.
You borrow your friend's 1 bitcoin and sell it on spot for price S0 (the high price remember and only at the spot exchange do you see such a juicy nice high price!) at the same time you buy 1 futures contract.
At time 1 the future expires and is delivered or settled. For a physically delivered future the futures exchange turns over 1 Bitcoin which you return to your friend. If the future is physically delivered your profit is
P = S0 - F0 - C
Where C are the costs to return the Bitcoin to your friend and the cost of capital. Your capital K needed for this trade is
K = min(F between time 0 and 1) x %margin rate + ? (maybe zero because you gave the keys to your old car to your friend so he can really trust you that you will give back his bitcoin you borrowed from him to sell it)
Since you borrowed K you will pay interest of that loan as part of your costs. If the futures price falls below where you bought your contract you will need to borrow additional K to fund the futures margin.
How cash settled futures changes things
Sellers arbitrage
You can't deliver bitcoin to the exchange for delivery instead you will be paid cash USD fiat by the exchange based on an additional reference price R. Additionally in order to repay your loan for K you will need to sell that one bitcoin you own, no sorry you don't get to keep it as a souvenir on your phone for how smart you are. You sell your 1 bitcoin back on spot at time 1 for price S1.
Now your profit looks instead like this
P = F0 - S0 - R + S1 - C
only IF R==S1 then your profit is the same as in deliverable futures arbitrage
Buyers arbitrage
Very annoyingly the exchange is not going to give you a bitcoin to give back to your friend! He is gonna keep asking, he even has already gone for a drive in your car a few minutes before the futures expire, told you call me on my cell when you have my coin!
You need to go back to the spot market and buy his coin for him. The futures exchange will pay you some USD based on that reference price R. You buy your friend's replacement coin back at spot exchange for price S1
Your new profit is:
P = S0 - F0 - S1 + R - C
only IF R==S1 then your profit is the same as in deliverable futures arbitrage
So this fuss is all about R vs S1
Yes.
So why would they be different? Because everyone doing either buyers or sellers arbs really wants them to be the same because then everything works!
But we don't always get what we want!
A lot of effort will be put by professionals to implement execution systems where for their firm they expect to make their S1 that they achieve for themselves either the same or perhaps better for them than the price R. The best firms will make the most money.
But this is all clearly harder and more complex and riskier than the pure instantaneous risk free arbitrage available with physically delivered futures.
Please read this longer post of mine if you want to think and learn more about this topic:
https://www.reddit.com/Bitcoin/comments/7iowep/dont_let_the_tail_wag_the_dog_these_are_the/
For some discussion around how it can impact prices, please see this previous post of mine here:
https://www.reddit.com/BitcoinMarkets/comments/7irh9z/look_for_heavy_futures_selling_at_relative_lows/
submitted by v01a7i1e to BitcoinMarkets [link] [comments]

BitMax.io & Lambda Joint AMA

BitMax.io & Lambda Joint AMA
George Cao :Let’s welcome lambda team . Xiaoyang and Lucy
Lambda: Hello friends from BitMax ~~ I am Lucy Wang, Co-founder and CMO of Lambda. I am very happy to e-meet with you here and thx for George's invitation. I on behalf of Lambda wish all of you a merry Christmas and prosperous new year in 2019
George Cao: Great. I am a bit surprised to see a big volume day yesterday Christmas. Seems our users didn’t take a break even on holidays :)
Lambda: I'd like to take this opportunity to introduce myself first, I have over 14 years of progressive career development with global leading enterprise software / service organizations as well as VC-backed start-up ventures, including HP, Oracle, and SAP. Before Lambda I was CMO/GM at two enterprise SaaS start ups in China backed by top VCs.
And my partner Mr. He Xiaoyang, who is the founder of Lambda, he is a well-known expert in infrastructure and open source software in China. Prior to Lambda, he was the co-founder of OneAPM, a fast-growing infrastructure software focusing on ITOM (IT operation management) in China. OneAPM is known as the “New Relic or AppDynamics of China” and the company has received strong VC backing from Matrix Partners, Chengwei Capital, and Qiming Venture. Prior to his entrepreneur experiences, Mr. HE worked at BEA as a R&D software engineer. In addition, Mr. HE is also a blogger with strong following in China and some of his articles have been published by major media such as Forbes China, 36Kr, Sina, etc.
Lambda idea was born at the end of year 2017 and the product development started from the beginning of 2018. Now let me talk about Lambda idea and what we do
Lambda, is the leading decentralized infrastructure project providing secure, reliable, and infinitely scalable decentralized storage network that enables data storage, data integrity check, security verification, and marketplace for storage-related services on the Lambda Chain Consensus Network.
In recent years, there have been frequent data leakage problems in major Internet platforms at home and abroad, and even business giants such as Facebook and Marriott have not been spared. Returning the value of data to data owners is an inevitable trend in line with human pursuit of freedom. The block-chain technology with P2P features provides an opportunity for this, and this area will be highly valued by the industry in the next few years. Lambda is the only provider of block-chain storage infrastructure projects in China. It is sometimes referred as “File-coin of China”or “File-coin 2.0”.our vision is to return the value of data to the data owner, with this vision in mind, our mission is to promote the decentralization of the Internet, with the goal of creating a storage infrastructure for the next generation of block-chain.
After the Lambda project launch in early 2018, it has received strong support by well-known strategic and financial investors including Bitmain, Viking Capital, FBG Capital, Bluehills, Zhen Fund, FunCity Capital, Ceyuan Digital Fund, BlockVC, INBlockChain, DATA Foundation, Bitcoin World, Reflextion Capital, etc. To date, Lambda has received investment funding in excess of $10M.

https://preview.redd.it/ynaos7rps2721.png?width=1267&format=png&auto=webp&s=77360b7cdf06c288e8c25675f94f5fb9d3d02137
n all the existing decentralized storage projects that are aiming to give a solution to this problem worldwide, Lambda is the first ever to announce its LPDP ( Lambda Provable Data Possession )
George Cao: I see we share several investors in common, So 2019 q1-q2 will be a big milestone for lambda
Lambda: Provable Data Possession (PDP) and Proofs of Retrievability (POR) are critical to efficient decentralized data storage and its implementation, which is the essential difference between centralized network projects and real decentralized storage. Prior to Inter-planetary
File System (IPFS), Lambda launched its minimum viable product (MVP) of core functions in the third quarter of 2018, and has been continuously upgrading and optimizing this in block-chains in a multi-role environment.
File-coin is our main competitor, here is a chart shows the progress comparison FYI

https://preview.redd.it/ewmyh9tqs2721.png?width=1267&format=png&auto=webp&s=cddc52a6d613196f6c0cbf870da42a5b82a8aaa6
For those who have interest to know more about Lambda's technical innovations, they can be find in our keep updating FAQ document posted on Medium, and I copied her FYI
1.Innovatively designed the Validator role which provides verification service for storage proof and the Validator replaces storage miner as the full-time storage proof result verifier, this greatly improves the performance of the storage and retrieval system.
2.In response to the limitations of the PDP algorithm, Lambda innovatively created a consensus network on the block-chain and used the validators role to replace the "TPA" in the PDP algorithm.
3.Innovatively modified the PDP algorithm from synchronous to asynchronous communication, which greatly reduces the communication traffic for Challenge in the system. Use of chain data as a random seed for storage miners to issue Challenge themselves addresses the randomness of TPA challenges.
4.Innovatively upgraded the PDP algorithm from periodic verification to a verification set generated by the miners to submit the verification result at one time, and fully realize the Proof-Of-Space-Time verification.
on top of all the technical, Lambda creates a consensus network where data can be stored, storage space can be rented on the basis of a marketplace built on block-chain.
In the Marketplace, the transaction process is: storage miners pledge hard disk sectors to the consensus network, and place orders and sell their own storage space in the Marketplace; storage users initiate purchase requests, complete the matching of storage requests through the Marketplace, and store data in the space of the storage miners.
Different from other block-chain applications, Lambda is a storage mining project, we have miners mine on Lambda network. Earn LAMB tokens by contributing on the network, and users who have data storing requirements pay Lamb tokens to purchase services accordingly.
The price of Lamb token not only rely on the exchanges but also supported by our miners who are doing works on the network.
There are four roles in the Lambda mining network: storage miners (providers of storage space), verification miners (ensuring the integrity and security of data and packaging transactions), retrieval miners (providing download bandwidth), and users (storage buyers). 1024 verification miners promoted from storage miners constitute the Lambda-chain consensus network. So you will see three types of miners serve our users from all over the world.
The key milestones we are looking at is the launch of test-net, where miners can start mining and earn testing Lamb tokens, the date will be around end of Jan. 2019 and main network will go live in Q2, 2019, most likely in Apr.
Regarding our partnership, In the academic field, we have established a strategic partnership with Beijing Institute of Technology (BIT), which is well known in China for its engineering and computer science research programs, to conduct research into centralized storage.
In the commercial field, Lambda has established a strategic collaboration with IOST, a well-known public blockchain project, and Perlin, a super computing platform, and started to conduct pilot projects for decentralized application (DAPP) companies such as DATA and BCV. Lambda also has close ties to many leading Internet data centers (IDCs) in China. They join the Lambda network as miners and take advantage of their surplus server capacity to engage in the Lambda network ecology.
Q: Will the rest of the code be open sourced? If so when ?
Lambda: we have released the codes of core function module, the test net codes will be released gradually in Jan. pls stay tuned with our official github
Q: What can Lamb tokens be used for?
Lambda: Lambs are tokens in the Lambda ecosystem, which are mainly used in the following scenarios:
A. Users of services in the Lambda ecosystem have to pay with Lambda tokens.
B. Providers of storage services in the system have to pledge a certain number of tokens.
C. Verification nodes in the system have to pledge a certain number of tokens.
D. Verification nodes can obtain a certain number of tokens as accounting rewards.
E. Storage nodes get a certain number of tokens based on their storage capacity and their service level agreements (SLAs).
F. Other roles in the Lambda ecosystem can also obtain a certain number of tokens based on their contributions.
Q: What more incentives does miner gets to mine or rent storage on Lambda?
Lambda: every miner stars from storage miner on Lambda network, they get paid by providing storage space, when their business getting bigger, system will select the top 1024 storage miners and promote them to validator, who will get block generation rewards from system.
Q: how are the 1024 miners selected? Doesn't this become more centralised?
Lambda: we did a survey to the Chinese miners, they mainly fall into two groups, either are waiting FileCoin to go live with purchased mining machine idle at home or they are doing hard drive or graphic cards mining, which has a high requirement to the hardware standard. To mine on Lambda, you need a mining machine ( computer ) that has big storage space ( because the bigger the higher probability you'll be promoted to be a validator ) and the connection to the internet
Q: How much is initial supply?
Lambda: Lambda did two rounds of fund raising, private investors have a lock up terms of 2+4+4 meaning the first 20% of tokens will only be released 2 months listing on exchange. so on the day one listing till 2 months there will be only around 0.5% initial circulation, and after 2 months, 5% in total. in addition to that, as we are recruiting miners to join our network, actually ppl have been in a situation where they can't wait to mine on our testnet. with the mining mechanism we have, miners need to buy Lamb token to get their mining work started, because a certain amount of pledge need to be made
Q: What partnership will lambda and bitmax have in the future?
Lambda: We value the way BitMax doing things and care about projects, we feel like we found the right exchange to be listed, in particular an initial listing. we will work with BitMax and do some joint campaigns to boost the community
George: We have great chemistry with lambda team.
Q: And are you still primary list in there, I heard the list was delay? Is it related to Huobi?
Lambda: you are right, it is related to Huobi, but one thing you can be assured of is that our initial listing on BitMax wont change, but most likely a joint listing with Huobi.
Q: what about the time of primary list?
Lambda: we will primarily list very soon, we are targeting end of this week, now we are in the middle of some technical integration with Huobi
George: We can assure everyone that our team will do our best to protect our investors and serve our listing projects. The promise does not change whether or not if we co-list with huobi.
Q: We get reward to mine ? Any incentive? For testnet
Lambda: Yes, you have two ways obtain Lamb tokens, buy from exchange and earn more from mining, but firstly you have to buy Lamb on BitMax haha. Are you asking the reward from testnet by mining on it? yes, you will get test Lamb token, and they can be redeemed to Lamb token with a ratio that will be specified shortly. on Lambda official website www.lambda.im, we have whitepaper, besides that we also have economic whitepaper to explain how the lambda economic system runs, on Dec. 28 we will launch our yellow paper where we will demonstrate the detailed technical realization and all the parameter setting for mining on Lambda
Q: What are the implications if a miners rig goes offline or they decide to stop?
Lambda: If miners rig goes off, they will not get the reward from the corresponding generated block, if they do cheating there will be punishment from the system, and if they decide to quit, the pledge will be returned
Q: Lambda planning to have own FS?
Lambda: Yes, FS and consensus network is separate. validators and marketplace are on the consensus network, while Files are in the File System.
Q: Is Lambda GDPR friendly?
Lambda: yes, we are
Q: Hi can u explain what’s the requirements of decentralized data . Do You think big companies will like to use lambda services .... or it’s for medium level enterprises as big companies will go for their in house system with their reliable nodes ...
Lambda: this is a good question, from I seeing it, ppl call out the protection of privacy, it is a trend and it takes steps. Lambda has two big groups of prospects users, one is DAPPs, another is the general industries such as big data, AI, IoT, Games, Financial, etc, as long as they need massive data storage demand, Lambda has the opportunity, data storage is expensive, especially when we are talking about big data, a lot of companies will value the cost in this area very much. currently we have lighthouse customer like DATA, BCV, VVshare, in the very near future, a game that is developed by Lambda team will also go live on Lambda network. from the BD perspective, Lambda will create a satellite network ( you can take it as channel network ) to bring us customers, we have a few reaching out to us already
Q: Why suddenly launched on Huobi
George Cao: I believe lambda team has its own consideration. Projects esp in bear market are facing pressures from different parties. Investors users exchanges. Not everything is under projects control. What we can do as an exchange is to stand by our partners and fully support them down the road
Lambda: thx for the answer
Q: I think you have made a great choice working with bitmax. Bitmax have really helped push new
coins and their site in general with good PR, marketing and reward/airdrop promotions
Lambda: strongly agree with you
Q: GDPR has taken over the EU and the UK so that is very important
Lambda: you are right, so we see to be GDPR friendly, which is one of our differentiator from FileCoin
Q: Being GDPR friendly , European market is a go for lambda
Lambda: I have this plan to develop European market by having a Raspberry program, it is still in planning.
George Cao: Let’s take a last question and move to lambda community:) And as usual we will pick 3 best questions. We will send out 1000 800 and 500 btmx. @lambda do you want to pick 3 questions ?
Q: Recent partnerships are interesting , can you tell us about coming q1 2019 both in terms of technical and marketing developments ?
Lambda: from Marketing side, we are focusing on Chinese miners community and potential European market ( like I said still in construction ) Korean market is another, and US market to go along our compliance path, Lambda has been strictly abide by the regulations. from technical side, the most important task we are targeting is the main network launch as planned
George Cao: Thanks everyone for your time. It’s a great ama as usual. We do have the best community. We will pick 3 winners and we will announce here after we finish ama in lambda community
Lambda: thank you all for your time to participate the AMA, I had a great time with you, see you friends and have a nice day.
George Cao: Hello everyone, Merry Christmas:)
Lambda: Hello Lambdos. Today we have George, the founder of BitMax to join us for the AMA. Let's give him a warm welcome to do a introduction of BitMax
George Cao: I am George Cao, founder of bitmax. I am happy to take the opportunity to talk to everyone here. Thanks to the lambda team. Let me start with a brief introduction about us.
Bitmax.io (btmx.io) is an exchange founded by a group of Wall Street veterans. Unlike most projects, we are kinda of old :) core team are in their 30ish - 50ish. The 10 founding member have combined of 150 years of Wall st experience. I have 10+ yrs of high frequency trading experience therefore I know the trading system well. That’s why our match engine can handle 400k tps per second vs huobi 1000 tps. We want to build an exchange that is transparent, robust, and efficient. While our system is the best in class, we offer the lowest trading fees. We believe the current high commission will not sustain and we will see consolidating of the exchanges with better depth and liquidity and lower commission. We are happy to partner with lambda, one of the best projects in 2018. We are committed to serve the project and the community. Alright, I am ready to take questions. Anything you can ask, as tough as you want :)
Q: Haha nice platform.
George Cao: Thanks. We are young as a platform but we are working to deliver the best
Q: I see reverse mining is new , I used many other mining exchange but all have normal mining . How does reverse mining works?
George Cao: Reverse mining is an innovative approach that helps the exchange and the project in several ways. 1) the concept of reverse mining is by providing liquidity to the exchange, you get a rebate and deduct out tokens from your account of the same valued. You can think of a otc sell our. 2) the benefit is it removes lots of sell pressure from the secondary market. And provides a strong support for the token price. 3) it introduces lots of liquidity to the exchange and benefits all traders
Q: The BTMX used in reverse mining are locked forever?
George Cao: Yes so the total number of tokens are always reducing your
Q: I've really been enjoying using the bitmax exchange so far especially with the low fees and data usage rewards. Does the exchange plan to bring in a shorting function in the near future?
George Cao: Yes we will have margin and futures trading
Q: It was supposed to December right ?
George Cao: We postponed our margin to Jan. The reason is we want to be more careful on protecting margin call protections.
Q: Margin trading and futures is important for BTMX price to drive up
George Cao: Totally agree
Q: Does BitMax have any activities on New Year's Day?
George: We do have multiple promotional events. Including but not limited to airdrops. Please visit our website and stay tuned
Q: I saw the whitepaper of bitmax, can you talk more about your dividends the formula is really hard for me ?
George Cao: Sure 80% of our commission goes to our fee pool. 1/180 of the total pool will be distributed daily. As long as you are a token holder, the current rate we pay is over 100% annually
Q: Oh I see, so the dividends will be smooth, great idea.
George Cao: Yes unlike other mining exchanges have huge volatility on div we smooth our curve
Q: I've also heard there is a mobile app in the works, is this likely to be released in the near future?
George Cao: Almost done. Beta version is in testing
Q: What about the north American, will it be available in the future?
George Cao: We more cleared our legal path for fiat trading in us. Q1 2019 we will launch in the us
Q: Great news I think this will bring a big volume.
George Cao: Yes agree. Our team is excited as well
Q: With promotional Airdrops that require a certain amount of the BTMX token to be held such as The lamb one that has taken place on the exchange this week. Are tokens that are locked for data usage or in cards taken into account when balance screenshots are taken?
George Cao: Yes we will take that into account
Q: When will be the private sale tokens be released ?
George Cao: As soon as we mined 90m we will start to release
Q: So let me get this right .. you give us FREE BTC and ltc and even Lambda EVERYDAY if we hold BTMX and agree to share our data
George Cao: Free usdt btc eth
Q: Wow. In a bear market, Free btc is the best thing ever
George Cao: We share revenue with our users, 90% is usdt. Not sure if you like it:)
Q: also consider adding coins like ADA and few from top 30. People need more coins
George Cao: We are adding stellar and zcash soon
Q: I heard they are insured Unless we give password to someone hehe
George Cao: Yes we are using custodian service
Q: George are our funds SAFU with you? Exchange insurance? I would say it is With the industry giants backing this exchange
George Cao: Sequoia matrix bitmain fbg dhvc are our equity investors
Q: What’s to stop People dumping BTMX token after free btc Or stop capital investor dumping on retailer
George Cao: They get it every day. Why would they dump? All equity investors can not sell on secondary market. They can only to reverse mining
Q: Will margin allow reverse mining instead of normal mining?
George Cao: Not initially
Q: People do irrational things when btc moves Or whales dumping, I heard there was a lock up token or something. To stop this
George Cao: We required lock our tokens to get rewards. You can request to unlock at anytime but it takes 24 hours to process
Q: Binance is developing DEX any plans for BitMax ?
George Cao: Not anytime soon we have a looong to do:)
Q: It's good you have dex in mind , with improved scalability in future maybe bitmax can build good dex
George Cao: Agree
Q: Retail investors are important , George knows it haha
George Cao: We care most of retails
Q: It would help if they also burned or locked tokens up
George Cao: Yes we permanently locked
Q: Seems you have everything thought of.. but how about moving to Malta?
George Cao: We priority US. Once us is clear pretty much everywhere is clear
Q: Doesn’t any exchange cover US right now?
George Cao: Coinbase but they have 0 international coverage and 0 client service
Q: What sort of systems are in place for abnormal/suspicious activity on the exchange?
George Cao: We prohibit self trading. For unusual trading behavior we ban the account and as for explain in the first violation. For continued violations we permanently ban the account
Q: can we get a glimpse of mobile application ?
George Cao: There is a beta version you can use but we are keep improving
Q: What are the precautions taken to prevent wash trading ?
George Cao: We have pre trade and post trade checksums. E.g we don’t just scan one account. We check or related account
Q: Will market orders and stop-loss orders be available in the future?
George Cao: Yes we are working on it
Q: what do you think of lambda project and community
George Cao: Lambda is definitely one of the best projects this year. We have been working with lambda for months and have lots of respect ion for the team. Community is also great very well organized. I didn’t talk much but I joined lambda tele group for a while. Great interaction
Q: So the trading starts at 8 pm ETC?
George Cao: It’s postponed. Please stay tuned for announcements
Lambda: We will make announcement giving out time and new date.
Q: when please? It's also more professional to be able to give dates and respect them
Lambda Cao: we are working hard and aiming the date of Dec. 29, pls stay tuned, thank you
George: Unfortunately bitmax and lambda don’t have 100% control of the date and time. Huobi is holding the ball
Lambda: The listing dates have been postponed and we don't want to give out a random date. I request you to have patience and wait for official announcement
Lambda: we will try everything to protect retails interest
Q: Can’t let houbi just arrive late to the party?
Lambda: in the long run we may need Huobi to help us better protect us all
George Cao: We trust lambda team can make the best decision for all investors
Q: Have you been busy with listing recently? Anything else?
George Cao: We have been working 24 hours a day including Chris eve :) Listing and app and margin and lots of new improvements
Q: Why would we need huobi with bitmax on our side.
George Cao: Trust me we are as upset. However as an exchange our mission is to serve projects and investors. Please join us in fully supporting any decision lambda team made. We have 100% confidence in lambda
Q: Are you familiar with the REKTbot and SYSTEM OVERLOAD problems at bitmex
George Cao: Yes but still bitmex is the best place to trade future compare with okex
Q: Slap that Hayes fool when bitmax start margin and futures..
George Cao: Haha i don’t want to declare war with them. Let’s be a bit patient :)
Q: Could bitmax handle That volume and not system overload
George Cao: We are 100% confident
George Cao: Alright i have to run for another meeting. It’s been a great ama. Thanks everyone. For any trading related questions please contact our client support. We promise to get in touch in 5 mins 7/24. Thank you all!
Lambda: thank you for participation, have a nice day!
submitted by BitMax_Support to BitMax [link] [comments]

Margin Trading: A short review

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

Margin trading and exchange manipulation

Context

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

Margin Trading and Derivatives Explained

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

Spot markets

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

Derivatives markets

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

Short squeeze and margin cascade

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

Manipulation and conspiracies

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

My original blog post with nicer formatting

Disclaimer

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

The 3 Kinds of Cryptocurrency Traders that are Kicking Your Ass

The 3 Types of Cryptocurrency Traders that are Kicking Your Ass

For an investor to outperform the market, someone else must underperform.That is a simple arithmetic fact.
In a fair and regulated environment, investors have equal access to information. Winners and losers are determined by whoever can make a better prediction.
But cryptocurrency is the wild, wild west. Market participants don’t play fair and they can profit at the expense of others.
Here are the three types of traders that are kicking your ass
Insider Traders
Under Rule 10b5–1, the SEC defines insider trading as “any securities transaction made when the person behind the trade is aware of nonpublic material information.” Insider trading is illegal in almost all traditional markets. In a research paper published in 2010, Qin Lei found empirical evidence that insiders were able to consistently beat the stock market.
Over the last year, we’ve seen many high-profile cases of insider trading in the cryptocurrency market.
Coinbase** — The Bitcoin Cash Incident**
On December 19, 2017, Coinbase tweeted it would add Bitcoin Cash to its exchange. But before the announcement was made public, both the trading volume and the price of Bitcoin Cash suspiciously surged.
On March 1, Coinbase was hit with a class action lawsuit. The full court document is available here.
South Korea Financial Supervisory Service (FSS)
Even regulators are being investigated for insider trading. Korean FSS officials knew ahead of time that new cryptocurrency trading restrictions would be put in place. Yet, they still made trades before the announcement.
The chief of the FSS, Choi Hyung-sik, confirmed on Jan. 18 that trading violations had occurred. Despite being caught red-handed, another FSS official responded that there was technically “no code of ethics or conduct for virtual currencies and therefore difficult to issue any punishment.”
The examples mentioned above are just a few high-profile cases. Insider trading runs rampant in the cryptocurrency space. Very often, prices and trading volumes will pump right before an exchange announces a new coin.
To many, insider trading is no longer a surprise but rather something that “just happens” in an unregulated market.
Whales
A whale is simply a colloquial way to describe an investor who is able to manipulate markets by mobilizing large amounts of capital.
Most crypto investors treat whales like the boogeyman. They’ve never had a personal encounter, but swear that whales are responsible for large market swings everywhere.
In some cases there is strong evidence indicating that they are right. Recently, academic research has come out showing that large-scale price manipulation does happen. Here’s an example from 2013, where a single entity was largely responsible for pushing the price of Bitcoin from $150 to $1,000 in two months. Another paper that came out last week shows how large amounts of USDT was used to manipulate Bitcoin prices.
Here are a few techniques whales use to manipulate price.
Stop-loss hunting
Whales intentionally push the price down in order to trigger stop-loss orders.Then they turn around and buy coins from these stop-loss orders for cheap and wait for the market to recover.
This strategy works well for coins with low trading volumes and small order books. With enough coins, whales can push down the price by introducing a slew of market-price sell orders.
To show how this works, let’s imagine a scenario:
The goal is to drive the price down past $100, which may be a psychological breaking point for some people and therefore a likely place for stop-losses.
One can do this by:
  1. Placing a market sell order totaling 10 BTC, to drive the price down from $150 to $110
  2. Keeping the sell pressure on, as investors naturally start selling their holdings.
  3. Watching people’s stop-losses go off at $100 without their knowledge. This drives the price down further.
  4. Buying up all the stop-loss orders at $90 and under.
  5. Waiting for the market to recover before selling the coins.
Short/Long Hunting
This is another form of market manipulation, but one that only exchanges can pull off.
Let’s see how this works on Bitmex for BTC.
The price just has move slightly in the wrong direction to trigger a liquidation. When liquidations happen, the investor loses their entire margin and pays a big fat fee.
Because exchanges know exactly what prices will trigger these liquidations, they have both the capability and financial incentive to engineer price movements using bots.
To be clear, there is no evidence implicating Bitmex. But it is suspicious that low volume trading periods are followed by a furious uptick in volume. When this happens, liquidation tears through leveraged positions, leaving traders with nothing other than a fistful of trading fees.
BitmexRekt tweets these liquidations in real time. You can follow them here.
Spoofing
Another common strategy whales use to manipulate the market is called spoofing. It means to bid or offer with intent to cancel before the orders are filled.The goal of spoofing is to send false signals to investors.
Here’s an example of using this strategy to profit:
This also works in the opposite direction. By placing large sell orders, spoofers can send bearish signals and lure investors into selling their cryptocurrencies at a discount.
Bitfinex’d investigates an entity known as “Spoofy” operating on the Bitfinex exchange.
Wash Trading
The last strategy we’ll cover is wash trading. In a wash trade, an investor takes both buy and sell positions. This may be done in order to:
Usually wash trading is extremely hard to prove, as washed trades look very similar to real trades.
On July 27, however, Bitfinex unknowingly baited wash traders during the Bitcoin (BTC) fork to Bitcoin Cash (BCH). At the time of the fork, all BTC holders were to receive BCH commensurate with the amount of BTC they held.
To accommodate for BTC held in margin positions at the time, Bitfinex had to finesse the numbers. To quote the announcement:
BCH will be distributed to settled bitcoin wallet balances as of the UTC timestamp of the first forking block, which is expected to occur on August 1st, 2017.
The token distribution methodology will be:
  • All BTC wallet balances will receive BCH
  • Margin longs in BTC/USD and margin shorts in XXX/BTC will not receive BCH
  • Margin shorts in BTC/USD and margin longs in XXX/BTC will not pay BCH
  • BTC Lenders will receive BCH
Due to the net amount of BTC committed in margin positions at the time of the fork, the above methodology may result in Bitfinex seeing a surplus or deficit of BCH. As such, we will be resolving this discrepancy in the form of a socialized distribution coefficient. For example, currently, there are more longs than shorts on the platform, causing a distribution coefficient of ~1.091 (Meaning that for each qualifying BTC a user will receive 1.091 BCH). The actual coefficient will be calculated at the moment of the distribution.
These rules turned out to be game-able. Because Bitfinex did not charge BCH to open short positions leading up to the split, one could simply purchase 10 BTC and short 10 BTC. This way, you could collect free BCH without any exposure to BTC price volatility. If BTC drops, the shorts cancel out any loss. If BTC soars, the profits cancel out the short positions.
On July 27, there were more longs than shorts on the platform and the distribution coefficient was 1.091.
However, on August 1, the distribution coefficient moved to 0.7757.
Leading up to the fork, an enormous amount of short positions were created. And instead of prices going down, which is what usually happens when shorts increase so dramatically, prices actually went up.
To make matters even more dubious, shorts dropped by 24,000 on a single tick right after the fork.
The manipulation here was so obvious that even Bitfinex had to acknowledge it. They issued an official statement about the wash trading here.
Pump & Dump Group Executives
So we’ve talked about insider traders and whales.
The final type of traders we’re going to talk about are the pump & dump group executives.
Pump & dump (P&D) is a form of market manipulation that involves purchasing a cheap asset, artificially inflating its price, and then dumping the asset a higher price.
The cryptocurrency market is rife with such groups. Here are just a few:
Here’s howPump & Dumps work
  1. P&D executives find a coin that is easy to manipulate and easy to sell. I.e. A coin with a strong community, advertising potential, small order book, and low trading volume.
  2. Executives secretly accumulate the coin over time while trying not to affect the price.
  3. These executives spread their pump signals to their inner circle members who pay upwards of $300 for the privilege of hearing early signals.
  4. The first wave of pumpers start shilling on signal groups. They tell gullible investors that a pump is about to happen because of “new website updates”, or “new partnership announcements”, generally whatever angle they can spin.
  5. As the price rises, the P&D executives start dumping their coins.
  6. Once the executives are spent, they spread the signal to their paid members to begin dumping the coin.
  7. The price starts falling and like a game of soggy cookie, the slowest players lose.
Cryptomedication wrote a great piece exposing BravadoGroup and several large influencers in the crypto space planning large scale P&Ds.
The reason I single out P&D executives is because they are the only ones that consistently profit. They have the most control and the highest amount of influence.So much so that members are willing to pay $300 for the privilege of being used as pawns. The buyers in signal groups are even worse off. They are falsely led into buying into a promising, undervalued coin, without any knowledge that it will soon be dumped.

So you’re telling me the game is rigged and I’m boned, what should I do?

The simple answer is to stop actively trading.The more you try to time the market, the more you open yourself up to opportunities of getting screwed over.
Speculative trading is a zero-sum game. In order for investors to outperform the market, they require others to underperform the market. In an unfair market, the average investor will more likely lose to people who have an unfair advantage and are gaming the market.
This is why I genuinely believe the average investor should just index the entire market. If you’re in it for the technology and the long-term growth, why bother speculating at all? Just hold a small piece of the entire cryptocurrency market. Indices has been proven to beat 95% professional traders in equity markets over a 15 year-period.
This is why I built HodlBot. It’s an easy way to diversify across the top 20 cryptocurrencies by market cap. It indexes 87% of the entire cryptocurrency market. Every week, your portfolio automatically rebalance so you’re always tracking the top 20 coins. It helps you get some quiet sleep while active traders lie awake, staring at their phones. You can read more about it here.
The best thing about a total market index is that it can guarantee market performance. Active trading, on the other hand, cannot.
I don’t mean to spread FUD by pointing out all the different ways traders are ripping investors off. I just want investors to know what exactly free and unregulated markets really mean. We’re not protected by the SEC or any other sanctioning bodies. While this comes with unbridled freedom and breathing room for rapid innovation, it also means all foul play is fair play.
It’s a brave new world out there filled with all kinds of splendor and danger. If you’re going to take your chances, please make sure you’re prepared.
submitted by haggenballs to BitcoinMarkets [link] [comments]

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

https://github.com/DunnCreativeSS/ManyVolumeSignalMonster

ManyVolumeSignalMonster

Telegram!

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

What is it?

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

Word to the wise

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

Want to earn MoAr???!?

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

Share the riches!

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

Does it perform?

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

Not a fan of BitMEX?

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

Get me into Github Sponsors Beta

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

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

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

Check it out

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

If you prefer running with your own $BTC on livenet

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

@crypto_tra gets free lifetime subscription

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

Bot does a bunch of smart things:

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

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

submitted by paxicraw to eos [link] [comments]

Market maker being treated unprofessionally on Bitmex- not able to trade for over 24 hours now

I used to work for big financial companies, market making on options listed on CME, CBOE, Hong Kong and other exchanges, before quitting my job to start a firm to do market making on crypto currencies. Bitmex is one of the exchanges I am currently market making on. I have been working on a market maker algorithm for months now but just started getting really serious on Bitmex two months ago. I was marketing making on every future on Bitmex (14 products, 3 BTC futures and 11 Altcoin futures), until yesterday.
Yesterday I noticed my algorithm stopped working- rate limits were hit and I had no idea why because it was running fine before. I soon realized my rate limits were reduced from previously 750 to 30. I checked my email and Bitmex Chris emailed me saying that because of low volume they have reduced my rates to 30, essentially making me unable to trade. With the recent downtick in Crypto, interest is lost in the Altcoins, which is my primary focus right now and explains the drop in volume. Although I was definitely top 5 market maker on all their altcoins (I estimated my 30 day volume to be 5000 XBT- I can't find my actual volume because checking trade history uses up rate limits and the rate limits keep locking me out of my account), it is likely not high volume enough for them to care because most of their volume is in XBT (over 99%), even though I told them I plan to increase my sizes in XBT very soon. Anyway, so Bitmex reduced my rate limits, my program fails and I left a bunch of orders out there. I got picked off by other market participants and I was short close to $100k USD of Crypto futures. With the recent uptick I probably lost over $10k USD because of this so far.
So I emailed support my situation and told them I will reduce my rate limits and asked them to please let me back in the market to reduce my positions. This is their reply:
*We would always encourage you to have the cancel-on-disconnect features in place, and to use the appropriate margin to limit any unmanaged position risk through liquidations.
Can you be specific about what you have improved today? We will restore the limit on the understanding that we will review it again in 24 hours. We are reviewing accounts daily with high API usage relative to the notional XBT volume executed, and assigned a punitive API rate limit of 30req/300s to your account.
You should target to no more than 200-300 API messages per 1 XBT notional to stay in the highest tiers, we will be tightening this up if, on balance, it gives a better experience for web users and does not reduce offered liquidity substantially.
We are looking to automate this fully, including publishing the current rate applied to each account, and the ratio of API messages to turnover we have seen in the last 24 hours, and the tiers we will apply for the next 24 hours based on that figure. This will take a little time to fully implement.*
First of all, I don't know if they know what a market maker is or does. I am currently market making on all 14 products and their base usage is 300 limits per 300 seconds. 300 limits per 300 seconds that is giving me 21.4 calls per product per 5 minutes, 4.28 calls per product per minute. They suggested to make dead man switch call every 15 seconds that's 4 calls gone. So therefore, per product I am only able to use 0.28 calls every minute. A market maker would definitely not able to market make under these circumstances. A market maker provides liquidity to the market by offering tight bid-ask spreads. He has no views on the underlying so he has to constantly updates his prices whenever prices move on another exchange. 300 limits would only be enough for 2 products, maybe 3 if used sparingly, and definitely not enough for BTC futures.
Today I further emailed them about steps I would take to address their concerns:
  1. I will scale down from trading 14 products to just 6 and ask when they would allow me to scale back up.
  2. I will work to stabilize my prices so I will not update as frequently.
  3. I will trade slightly wider to not have to update so frequently.
  4. My last 30 day trading volume was 5000 XBT and plan to double/quadruple that in the next 2 months.
  5. I will diversify into taking strategies, which will generate more trading volume and also require less updates per 300 seconds.
Even then I still have not received a reply and I have been out of the market for over 24 hours. When someone builds a market making algorithm on your platform, they invest a lot of time and money into it. That's not how you should treat someone who is helping your business as a professional exchange, and I have worked with numerous exchanges in the US and in Asia.
My question is, does Bitmex care at all about how they treat their market makers? They are making so much money everyday off fees that they probably don't care. I traded ~5000XBT last month and they collected .2% fees adding up both sides of the trades on Altcoins. Let's estimated Bitcoin to be $8000. I helped them generate 5000 x .002 x 8000 ~ $80,000 by providing liquidity (will likely be over $1m this year if I continue on their platform) and they reduced your rate limits without warning you in advance, put your out of the market for over 24 hours, left your orders out there in the market and doesn't reply to support emails. That's already a lot I I lost on trading and opportunity costs, which I estimated to be about $20k. I am also in the running for the NEO contest and I am likely to be top 3, that’s another $25k or $50k that will cost me (or maybe they don’t want me to win it).
I am already trading on Okex and their support team is much more friendly towards market makers. I have a key contact there and they would work to reduce fees for market makers. Bitmex does none of this. If this is the way it is going to continue, I will move off this platform.
submitted by dynamitedu to BitMEX [link] [comments]

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

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

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

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

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

Encrypted project calendar(November 3, 2019)

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

Encrypted project calendar(November 4, 2019)

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

Encrypted project calendar(November 5, 2019)

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

Encrypted project calendar(November 6, 2019)

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

Encrypted project calendar(November 7, 2019)

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

Encrypted project calendar(November 8, 2019)

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

Encrypted project calendar(November 9, 2019)

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

Encrypted project calendar(November 11, 2019)

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

Encrypted project calendar(November 12, 2019)

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

Encrypted project calendar(November 13, 2019)

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

Encrypted project calendar(November 14, 2019)

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

Encrypted project calendar(November 15, 2019)

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

Encrypted project calendar(November 16, 2019)

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

Encrypted project calendar(November 17, 2019)

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

Encrypted project calendar(November 18, 2019)

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

Encrypted project calendar(November 19, 2019)

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

Encrypted project calendar(November 20, 2019)

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

Encrypted project calendar(November 21, 2019)

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

Encrypted project calendar(November 22, 2019)

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

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Bitmex tutorial: How leverage works BitMEX Margin Trading Tutorial BitMEX Margin Trading – How to trade video tutorial Bitmax Exchange Margin Trading Full Tutorial Margin Trading on Bitmex

Bitmex Margin Trading In Plain English. I’ll start off by defining a few terms that you’ll need to be familiar with in your early stages …. Margin trading — this is the method of conducting a purchase using cash that is provided to you (the trader) as a loan.In reality, you’re not really “borrowing funds” from any centralized entity, you’re merely swapping out “contracts BitMex (Bitcoin Mercantile Exchange) is one of the largest cryptocurrency derivatives trading platforms in the world. Its daily volume of BTC exceeds one million dollars and it is currently recognized as the best exchange for futures trading, so it is important to understand that on this platform we do not trade directly with our cryptocurrencies, but with the value they represent through How Margin Trading Works with BitMEX. Tracking BitMEX transactions on CoinTracker Written by Dhawal Joharapurkar Updated over a week ago BitMEX is a platform that allows users to trade leveraged derivative contracts using bitcoin as collateral. This article aims to demystify the process of tracking your BitMEX positions on CoinTracker. Bitcoin Trading On BitMEX – Explained For Beginners. The Bitcoin Mercantile Exchange is the world’s No1 Bitcoin broker for margin trading. Although some other big brokers also offer leverage, BitMEX is outstanding: With up to 100x leverage the broker fulfills the wildest dreams of real gamblers. BitMex is one of the most popular and recognized platforms in the cryptocurrency market for margin traders.In this article, we will explain how BitMex works, how to margin trade and how to remain profitable in this volatile market while trading with leverage.It is always worth remembering that margin trading is not for beginners. Traders should always be very careful while trading with

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Bitmex tutorial: How leverage works

Recently, more and more people are making money by margin trading on BitMex. Probably, that's why we are continually asking questions about the BitMex margin trading. ... Small Business Works ... If you enjoyed this tutorial on margin trading at bitmex make sure to pound the subscribe button. Margin trading is a great way to keep your portfolio growing in either a bear or bull market. ⚡️ Welcome Welcome Group "Margin Trading" Gather a Closed group, and while out instructions and deals ===== Ký Advertising sign: BingBon: https://bit.ly/bingbon0 (Transactional copy floor ... Bitmex Leverage Trading Power To Trade 100x Of Your Investment ! - Duration: 25:17. ... Key Differences Between Margin Trading and Operating Leverage - Duration: 5:27. Timothy Sykes 6,735 views. We explore the BitMEX margin trading platform and discuss perpetual swap contracts, futures contracts and more on the BitMEX testnet. #bitcoin #ethereum #litecoin #cryptocurrency #blockchain # ...

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