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1  Bitcoin / Bitcoin Discussion / Re: Crypto film brings Bitcoin to Hollywood on: April 29, 2019, 07:19:43 AM
From this review that I read technewsupdater.com/cc/crypto-movie-hollywood-misguidedness/ I got the impression that it framed cryptocurrency in a negative light.

"This was, however, a largely missed opportunity to create a film which took the harder path of turning the clickbait dial down, and the creative-thought dial up. Stories covering the lives of some of the pivotal members of the cryptocurrency community would be equally as catchy as a story about the Russia Mafia laundering their ill-gotten gains with Bitcoin."
2  Economy / Trading Discussion / Re: trading Forex with Bitcoin deposit/withdraw on: April 28, 2019, 12:55:20 PM
Prime XBT has just added forex, commodities, and indices to its bitcoin-based margin trading platform.

The platform has drawn loads of attention this year due to the possibility to trade the top 5 cryptos with up to 100x leverage. But now with this expansion, users can gain access to the world's most profitable financial markets with Bitcoin.  This significantly lowers the barrier to entry as PrimeXBT has no KYC and the minimum deposit is the equivalent of only $5 USD. Fees are only 0.05% on all trades and assets.  
With Bitcoin as at the core of the platform, also expands the possibility to trade between forex brokers globally.

Direct deposits and withdrawals are made in Bitcoin, however, there is an alternate option via Changelly which is integrated into the platform. So any currency that Changelly supports (130+ altcoins, cred/debit cards) can also indirectly fund PrimeXBT trading accounts.

The financial instruments and leveraging options for trade are:

  • 18 Forex markets with up to 1,000x leverage - AUD/CAD, AUD/CHF, AUD/JPY, AUD/USD, EUR/USD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/AUD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/USD, USD/CAD, USD/CHF, and USD/JPY.
  • Indices with up to 100x leverage - GER30, SP500, NASDAQ, HK-HSI, AUS200, JAPAN, NAT.GAS, and UK100.
  • Commodities with up to 500x leverage - Silver (XAG/USD), Gold (XAU/USD), & CRUDE (oil).
  • Top 5 crypto markets with up to 100x leverage - BTC/USD, ETH/USD, LTC/USD, EOS/USD, and XRP/USD.

I'd be interested to hear your thoughts and see if you deem it worthy of adding to the list?

3  Economy / Trading Discussion / Re: Margin trading. Where to start? on: February 24, 2019, 03:41:01 PM
When you margin trade, you trade with leverage.  Which means your deposit to trade, or position, is multiplied by the amount of leverage taken.  Likewise this is reflected in your ROI. 

For example if you had $100 and traded with 100x leverage, your position would become as powerful and as profitable as a $10,000 position. 

If the market went up/down in the right direction by just 1% you would instantly double your ROI, giving you a $100 profit as opposed to only $1 if no leverage was applied (1% of $100 = $1, and 1% of $10,000 = $100).

Using the same $100 example, let’s say the price moved positively by 5%, you would make a $500 profit, as opposed to $5 if no leverage was applied. (5% of $100 = $5, and 5% of $10,000 = $500).

What’s important to note however, is these while these small price movements do offer much greater ROI with high leverage, they are also far more risky.  The greater the leverage the smaller the margin and less room for error.  With 100x leverage your margin is only 1%, which is why the strategy is best utilized on small but near certain price movements.  Here is a really good explainer video detailing how it all works on the PrimeXBT 100x leverage trading platform: https://www.youtube.com/watch?v=NMnX0Z2KKok

High risk = high reward.  The beauty of leverage is however, you can risk much less of your own funds to access much greater rewards.  Just be prepared for the worst, and never deposit more than you can afford to lose.

Leading leverage Providers:
 
Prime XBT - up to 100x on BTC, ETH, EOS, LTC, & XRP
Bitmex - up to 100x on BTC
Huobi - up 10 5x on BTC
Kraken - up to 5x on XBT, ETC, ETH, REP, & XMR
Bitfinex - up to 3.3x on all available assets
Poloniex - 2.5x on BTC
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