Bob, when a short gets called, how can those kind of dollar amounts buy bitcoins at a specific market price (instead of considerable slippage)?
Or is it a forced market buy for $2,554,207 when the bitcoin price exceeded $6,607.5 (first example)? How would the shorter then guarantee it can pay back all the bitcoins lent?
(not a trader as you might have noticed)
The tweets track margins getting liquidated at Bitmex. Bitmex trading is really Bitcoin settled derivatives on Bitmex. When the market moves enough on Bitmex, the shorter is forced to buy longs on Bitmex to cover their margin. The margin on Bitmex can be any amount between 1x and 100x. In reality, the person who was forced to buy $2,554,207 to cover his margin and get liquidated, probably only lost a 100th of that or a 50th of that. Depends on how big of a margin they were betting. 100x short margins are liquidated when the market goes up about 1%. 50x margin is liquidated at about 2% rise. |
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Come on bears. Keep piling on the margin shorts. I'm sure no bulls will notice those growing future buy orders stacking up.  |
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 Shorts getting wrecked. That is the ultimate in stupid for someone margin shorting in a bear market and still getting REKT.  |
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so no pos block rewards as of now?
No POS for about 2 years. Only POW and Masternode. I see, when do master nodes rewards start? and how to set up? Masternode awards have already started. There are three tiers. 1000 coin collateral, 3000 coin collateral and 5000 coin collateral. The instruction found here make it really easy to set up a masternode using a VPS. https://github.com/XDNA-Core/XDNA-InstallMN |
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so no pos block rewards as of now?
No POS for about 2 years. Only POW and Masternode. |
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Hi,
can I mining with Claymore Dualminer? I have 11.9.
Eth+XDNA with the new Algo.
What are the Settings?
THX!
XDNA changed the POW algorithm from Keccak to Hex about a week and half ago. Hex is a new algorithm that uses 16 different algorithms and strings them together in a different way, each block. It can no longer be dual mined. |
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Hello! I would like to start mining this coin but the virus.total found a lot of trojan programs in the program-miner. I know that the @Enemy is really good, but it's still very disturbing. Can I use any other miner for this coin?
You will probably get the same results for any other miner with Virus.total. The reason is because many AV programs flag miners as dangerous. This is because people created botnets, which where making infected computers mine coins for them without the owners' consent. Due to this, it is probably best to run any mining software under a sandbox. Run under Linux for even better security. You will also find that you will need to make an exception in your AV to even run most miners. |
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https://twitter.com/Excellion/status/1028426579158884352According to the Bitmain pre-IPO investor deck, they sold most of their #Bitcoin for #Bcash. At $900/BCH, they've bled half a billion in the last 3 months. If Bitcoin Core devs didn't disclose the Bcash vulnerability, it could've wiped a billion dollars off their balance sheets. Nearly two million BCH? Are they trying to emulate the Hunt brothers? At least they are putting their money where their mouth is.  |
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I don't think that any of us can deny that it is mainly whales pushing the price up and pushing it down.
This really has nothing to do with typical sentiment of the average user or some sort of good or bad news. Other than the fact that the whales may believe that the market will not fight them in one move or another as they swing things back and forth.
The key being, which way do these whales want the price to go? Well they are certainly not in bitcoin because they read the white paper and were inspired. They have balance sheets that need big profits.
We will see. I really do wish Wall Street would stay out of bitcoin. Bitcoin can grow without it, and will likely be around long after it.
Isn't a rule of BTC price movement (or any market in that regard) that the whales will attempt to push the price in the direction of least resistance? As lay persons, it is not always easy for us to assess, and probably even for whales they might perform a test pump or dump, and hope that others will follow that particular direction. Isn't that what is called stop hunting? |
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Do you guys still consider ethereum an altcoin?
Yes, it is an alternative to BTC. That makes it an altcoin. |
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It's fun to see bears getting REKt even in a bear market. |
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Bitcoin has literally never had a value of zero, ever.
It is possible it may one day but we have never seen that day.
Everything is worth what someone will pay for it.
Until the first transaction it has no value. No market value anyway. A debatable point, I postulate that if it no value then there would have never been a second block and if it ever dropped to zero value then there would never be another block.  Of course for that to happen something huge like QC that breaks the algo and manages to create enough free coins and dump the market to nothing while also hiding that fact so that a different algo could nt be forked in. It would take the planning of a computing super power nation state (or a combination of them). And I would argue that none would ever do so as it is easier and more effective to co-op the chain. Exactly, if people were willing to expend electricity to mine BTC in the early days, then it did have value. Electricity is not free. Nor was the wear and tear on the CPU. |
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doesn't exactly inspire confidence
Dump incoming
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So...  double bottom pics please Will this do?  |
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When will the trading in cryptopia open?
Aug 10 2018 3 AM UTC. (Soon) |
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Anyone considering giving this exchange a try, just realize that it is brand new and is run by someone that is basically anonymous, at the moment. The XDNA team does not endorse this listing. However, since XDNA is open source, they really can do nothing to prevent it. Using a new exchange with absolutely no built up reputation is risky. Proceed with extreme caution or not at all. |
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