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1  Economy / Gambling discussion / Re: What do think about skill games? on: September 15, 2020, 05:14:58 PM
What's the point about skill games if your partner Sportsbet.io keeps the winnings and returns the deposits as I have read many times on this forum.

Talking about games themselves, if you're playing against the casino in a machine game, you never know what's your RTP so almost always a bad idea.
There are already skill games in cards like blackjack.
2  Economy / Trading Discussion / Re: Closing a futures position at 70700 ADA on margin balance and getting 52000! on: August 27, 2020, 10:50:24 AM
Liquidity comes with volume. Same order made on kucoin will do 5x more damage and on crypto.com 10x pushing you into even bigger losses.

I know. It's just that it happened with Binance, I'm no longer using Binance. That's a personal choice of course, others are welcome to trade there as much as they want. That being said that was my last trade and I think will be my last trade with leverage for years to come if not ever.


Oh. I missed that. Sorry. But ... if your order crashed market it should not look like that:

In fact if you look closely it states : "Average price". so in fact some of them were higher and some of them were lower than 0.14111
3  Economy / Trading Discussion / Re: Closing a futures position at 70700 ADA on margin balance and getting 52000! on: August 26, 2020, 11:50:25 AM
Did you try to blame binance for network latency bug (you did not see price crash while performing trade because of delay caused by spam of trades)?

No in fact they said it's because of low liquidity. It's not network latency, it's BECAUSE of my trade order, the market crashed.
Anyway, I agree with you, properly speaking, it's the safest place to buy and even to trade I think. Someone should just beware of only making a limit order, and I did not know that when you have a long order fulfilled you can make a limit sell order out of it.

Nevertheless, that being said, even if it's not their fault in the strictest sense of the term, they're also responsible for the presentation they make of their platform. That "market" button sometimes means "make a transfer" or "make a donation". It is not supposed to be such an expensive lesson for anyone.

But as far as I'm concerned, lots of other exchanges are also safe with low fees. I am already very happy with 2 of them (crypto.com and Kucoin)
4  Economy / Trading Discussion / Re: Closing a futures position at 70700 ADA on margin balance and getting 52000! on: August 24, 2020, 10:19:24 AM
You are quite contradicting yourself there. Check the bolded area.

I can see the image was not uploaded properly.
Well, I will write it here:
-I bought into the market in long position at the price of 0.14240 for ADA. I had exactly 64452.71 ADA.
-The current positions tab indicated clearly that I bought into the market at price 0.14240.
-I close my position at 12h:51 eastern time.
-Anybody can verify the price of ADA at that time. it was well beyond 0.143 during the entire time of that minute.
-And, the price of my closing position was 0.14111.
-So in fact I have longed ADA, the price went up, and I ended up loosing about 25% of my money at closing my position.

Your opening position of long is 0.14240 and closed at 0.14111. Definitely, you closed a losing position there.

Upon reading more of your post, you said here.

Although guys I will be informing you of what Binance final decision will be, but as far as I'm concerned, I sold that position with a margin of 20x, an entry price of 0.14240 and a closing price of more than 0.143.
More than 0.143? What is it really?

If you pushed the market sell mode, it's going to check on what the latest sell order on their book, and that's where they will send your order through. If I were you, you should've just limit ordered your position to make sure that you are in your profit.

I agree, but the latest sell order on their book was more than 0.143. It is my market order that triggered that market crash. You are right about the limit position, and I did not know that, maybe next time (if ever).

So ok, now you could argue it was my mistake, and I agree. But I can't think of this "market" button anything else than a money transfer button disguised as "market order".

Have you seen the chart? If liquidity can disappear and reappear just because YOU are making an order, it's a more complicated way of saying somebody is stealing some money. You CAN NEVER VERIFY the liquidity of a market. All the orders you see will just disappear because you made a "market" order and reappear afterwards (and nobody knows who owns the bots on the other side). Plus they had a 100,000 dollars giveaway for first COIN futures traders in ADA (which was my case), and I did not receive a single dollar from that. But who knows? Maybe that liquidity just disappeared one microsecond before the promotion was closed lol.

That being said, I withdrew all of my money from that website, and had not used it since and will not use it again. Not that I think, as of today, it is still a very trustworthy website for those who only want to buy crypto, with a good fee. But as far as I'm concerned, I'm over with Binance. I think they should at least refund something.

But no problem, if this thread could be a warning for a single person who might fall in this trap, I would be happy.
5  Economy / Trading Discussion / Re: Closing a futures position at 70700 ADA on margin balance and getting 52000! on: August 24, 2020, 05:28:51 AM
I got their answer. They said there was not much liquidity, and no refund. Ok, it's their decision. But at least, in my opinion, for that "trade" button, there should be some kind of warning sometimes, or perhaps they could replace the button "trade" by "make a donation".

And there is also something weird I noticed when I first made the limit long order. At the exact same time (like in 0 microseconds) I made my long order, I see appear, right behind my order, about 5 orders, of the EXACT SAME amount of my order, but each one a cent cheaper one after the other. As my order was being filled and amount diminished, those orders' volumes continued to be the exact same volume of my order. Can somebody explain this phenom?
6  Bitcoin / Bitcoin Technical Support / Re: walletgenerator.net, I find no way to verify the download with PGP on: August 12, 2020, 01:16:25 PM
But honestly how then would dash give instructions for paper wallet on their official website? They support a website to create paper wallets and not some other type of software wallet.
7  Bitcoin / Bitcoin Technical Support / Re: walletgenerator.net, I find no way to verify the download with PGP on: August 12, 2020, 01:06:08 PM
Seriously.... Oh gosh I love you guys. Thanks for warning me. I was about to create my wallets today.

The only one then is bitadress.org?
And there is another one for dash, but this website is on the official dash website: paper.dash.org.
But I don't have any signature on website or a SHA256 to verify. If I go to the GitHub, there's an option to download the zip file. Does that mean that from GitHub we don't have to verify signatures?


No.
Don't use any website to generate your paper wallet.

Your only "advantage" literally is that it looks pretty when printed.
Security-wise it is horrible because you 1) need to verify the source code and because 2) you are using javascript.
Javascript shouldn't be used to create cryptographic keys wherever possible.

If you want to properly generate a paper wallet, use a reputable wallet.
Just open your wallet on an offline device, write down the mnemonic and as much addresses / private keys as you want.
Way more secure than using those websites (regardless of online or offline).

Ok Ill go check official websites and what wallets they offer that generate paper wallets. Thank you I did not know wallets could give you keys offline (Im used to Cardano.... they are really not nice in REQUIRING internet on their Daedalus wallet to generate the keys!). Ill check bitcoin and litecoin.  Do you know of any that generate paper wallets? (Or generate keys, same thing)
8  Bitcoin / Bitcoin Technical Support / Re: walletgenerator.net, I find no way to verify the download with PGP on: August 12, 2020, 05:17:22 AM
Seriously.... Oh gosh I love you guys. Thanks for warning me. I was about to create my wallets today.

The only one then is bitadress.org?
And there is another one for dash, but this website is on the official dash website: paper.dash.org.
But I don't have any signature on website or a SHA256 to verify. If I go to the GitHub, there's an option to download the zip file. Does that mean that from GitHub we don't have to verify signatures?
9  Bitcoin / Bitcoin Technical Support / walletgenerator.net, I find no way to verify the download with PGP on: August 11, 2020, 07:13:49 PM
The page takes us to the GitHub repository where we can download the zip file. Don't we need to verify signature with PGP? For bitaddress.org we have the signature, but for wallet generator.net we don't, neither did I find that for plenty of other websites, that I find trustworthy by the way since they were mentioned in popular places. But no signatures to verify their downloads.

Any idea?
10  Economy / Trading Discussion / Re: Closing a futures position at 70700 ADA on margin balance and getting 52000! on: August 10, 2020, 04:51:54 PM
There was possibly the reason out there already, it was figured out. Your sell was so big in the ADA margin trading world that you yourself alone just managed to crash it for a second all by yourself.

Obviously it recovered but the liquidity was low and that is why it went down super fast which caused you to drop in profit. Do not forget, when you make your calculations you make it on the price that you want to get out of, not the market price, when you get out with the market price however you end up with lowering and lowering your entry point until you are totally out but that could mean that you would lower yourself into a loss as well.

There was a ton of examples with ETH for example when it flashed crashed to cents and jumped right back up because of arbitrage as well.

That's a possibility. It would be a sucker thing. It's like money transfer. But as I already said, if liquidity can disappear and reappear like that in a microsecond, it would be impossible for anybody to verify liquidity. It just disappears when you want to make the trade and leaves your money for the exchange, and then reappears immediately after for other suckers. It's quite laughable.
11  Economy / Trading Discussion / Re: Closing a futures position at 70700 ADA on margin balance and getting 52000! on: August 09, 2020, 12:17:19 PM
I see 3 options:

1- you did not check price at the moment of selling (you check if few sec earlier before flash crash) - bad luck
2- network latency bug (you did not see price crash while performing trade because of delay caused by spam of trades) - super bad luck
3- front running - popular strategy in not honest exchanges (even brokers on regulated market). Simply exchange seeing big order coming to orderbook calculate if it is worth to dump price using their coins and create buy order that will be filled with your order (all is done faster than a blink). 0 risk cheat strategy for exchanges. But to be honest i doubt that the biggest, the most trustful, the most influential exchange with more than 1B $ annual profit will try such thing.

1-Sure hell I did. And by the way, I've never been intoxicated or drunk in my entire life.
2-What is the probability of that happening? Like one in a million?
3-Yes, that's why I go on Binance. Maybe they can do it for some people from time to time. It doesn't have to be that obvious.

There is also something you mentioned about market liquidity. I know what you mean. But how did that liquidity appear just after my trade in a microsecond for the price to go back where it was? If liquidity can appear and disappear in a microsecond upon clicking on that closing trade button, there is no way of verifying liquidity. You just click and hope for the best lol.
12  Economy / Trading Discussion / Re: Closing a futures position at 70700 ADA on margin balance and getting 52000! on: August 09, 2020, 11:29:00 AM
Thank you guys, I will wait for their reply. My margin was 20x, that's 19000 ADA less  which is almost 2.7k$.
Tytanowy Janusz, you understand exactly what happened. But honestly, that's like the crash was triggered by my sell order. With this system, anybody can tell you oh it's a flash crash that nobody can even see it and steal all your money. Was it really that if I long and I'm right I loose, and if I long and I'm wrong I also lose? Really?

Although guys I will be informing you of what Binance final decision will be, but as far as I'm concerned, I sold that position with a margin of 20x, an entry price of 0.14240 and a closing price of more than 0.143.

Until then I completely stopped trading on that platform.
13  Economy / Trading Discussion / Re: Closing a futures position at 70700 ADA on margin balance and getting 52000! on: August 09, 2020, 08:41:34 AM
Open ticket with binance support. They are quite fast with responses.

Trying to answer your quesiton. I'm not sure if you longed. Maybe photo will help us to help you (Host your images on https://imgur.com/).

We are talking about this trading pair?
https://www.binance.com/en/delivery/adausd_quarter
I did open a ticket support, they're checking this through. Weired situation. And by the way the chart of the support team confirms my claim that that price was 0.143 at the time of the selling, and not 0.14111 the price I had at closing. But they say "since I made a market order I ended up with a loss". As if I had a dedicated price different than that of the market.
Yes I long.
Here's the link for the image: https://imgur.com/a/mIij9sc

Please note that times are in CET. Anybody can verify that at the time of selling price was never to be at 0.14111, within that whole minute.
14  Economy / Trading Discussion / Re: Closing a futures position at 70700 ADA on margin balance and getting 52000! on: August 09, 2020, 04:23:59 AM
I can see the image was not uploaded properly.
Well, I will write it here:
-I bought into the market in long position at the price of 0.14240 for ADA. I had exactly 64452.71 ADA.
-The current positions tab indicated clearly that I bought into the market at price 0.14240.
-I close my position at 12h:51 eastern time.
-Anybody can verify the price of ADA at that time. it was well beyond 0.143 during the entire time of that minute.
-And, the price of my closing position was 0.14111.
-So in fact I have longed ADA, the price went up, and I ended up loosing about 25% of my money at closing my position.
15  Economy / Trading Discussion / Re: Closing a futures position at 70700 ADA on margin balance and getting 52000! on: August 09, 2020, 04:05:53 AM
It was open for about an hour or 2, my leverage was 20x.
trading fees are very low (o.o4%).

Here's a screenshot of my trading history, I hope you can see it. If somebody was to verify the price of ADA at the exact same time of closing, it was not 0.14111. My margin balance, at the exact same time of the closing of that position was 70700 ADA, and I end up with 52000!
16  Economy / Trading Discussion / Closing a futures position at 70700 ADA on margin balance and getting 52000! on: August 08, 2020, 05:55:18 PM
Hello guys,
Donno if anybody could have an explanation. It's pretty frustrating, I longed ADA in Binance futures, had an unrealized ETN of about 6400 ADA and an initial balance of 63000 ADA. I decided to close my position, and, surprise, here is my balance at 52000 ADA!! How could such a thing happen? Am sur that at the exact moment I closed that position my margin balance was 70700 ADA.
That was on COIN futures.
17  Economy / Trading Discussion / Re: Prices history excel files? on: August 08, 2020, 10:53:00 AM
You can try use coindesk [1] just click the coin you looking for, and click export data --> CSV

[1] https://www.coindesk.com/coindesk20

I guess that only works for the (current) top 20 coins, as Coindesk sees it?

Nomics has a much more comprehensive list of coins. You can sign up and use the Free CSV button to export market data. https://nomics.com/

If the coin you're looking for is on Tradingview, you can export chart data to CSV but you need to have a paid (Pro+ or Premium) account. https://www.tradingview.com/blog/en/export-chart-data-in-csv-14395/

Thank you, nomics.com looks good to me. At least I can start with that. I can say you've answered my question.

As far as coindesk is concerned they've got a serious problem. At the current price and circulating supply, it would be incomprehensible for the website not to list Cardano in top 20 or even top 10.
18  Economy / Trading Discussion / Re: Prices history excel files? on: August 08, 2020, 10:27:53 AM
You can try use coindesk [1] just click the coin you looking for, and click export data --> CSV


[1] https://www.coindesk.com/coindesk20

There's something wrong with this website. Where's Cardano? Not even in top 20?? It's in 6th or 8th position.
19  Economy / Trading Discussion / Prices history excel files? on: August 08, 2020, 09:14:53 AM
Hi everyone,
Is there any prices history excel charts or other stats for cryptos. Do you know any websites?
20  Alternate cryptocurrencies / Altcoin Discussion / chainlink vs band protocol? on: August 02, 2020, 06:19:17 PM
Hello guys.
To put the question in context, I never invest in a crypto unless I am extremely knowledgeable about it. The only crypto I own is ADA.
But I think at some point I will be choosing another one (not bitcoin, sorry). I think oracle cryptos are a good idea. I looked at Tellor, Band Protocol and Chainlink. I discarded Tellor, so I still have to choose only one between Chainlink and Band Protocol. Unfortunately Band Protocol has quadrupled in price in the last 2 weeks so this would be something to take into account, but also chainlink is skyrocketing.

Has anyone done some research?
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