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503
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Economy / Speculation / Re: Any advice in margin trading?
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on: January 11, 2017, 04:38:32 PM
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There is Bitmex, but it is huge margin and low volume.
Definitely not for novices. Steer well clear of!
It appears Bitmex also doesn't have service in my country (USA). |
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504
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Economy / Speculation / Re: Any advice in margin trading?
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on: January 11, 2017, 02:07:49 PM
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Currently, I have been experimenting with margin trading a bit, seeing how it works and what happens. I would only use small amounts, but just until recently I have used higher amounts 2-5 bitcoin, and today I put a long order (expecting the price to go up for profit) at 920$, and currently the bitcoin price is near $870 taking a total loss of -$203.20 (-5.56%), I really don't know what moves to make when I should take my loss or when I should cashout my profit. My intentions are to patiently wait for the price to settle a bit higher and see if I can take less of a loss or even maybe see it go above 925$ again, let me know if you think nthis is a bad idea.
One thing to keep in mind is that I am charged around 10$ in fee's when margin trading with around 5 BTC when I am doing this, so regardless I have to make 10$+ to profit which is the most annoying part for me, if anyone knows of a margin trading website that has low fee's please let me know of that too, thanks for the help.
I ended up taking a total loss of: $-298.15 + -$27.09 with an average percent drop of around -8.27%
The worst part is the second I sold my BTC, I decided to open a sell order so expecting the price to go down, and a few seconds later after placing that order the price shot up 30$ on kraken, causing me to lose another 50$ right away. I'm starting to think this just isn't for me.
Right now, Bitcoin is very very hard to trade, as the market is still deciding whether it has put in a bottom yet upon which to build from. My advice to you if you are margin trading 'just to see what happens', then stop immediately. Most traders lose money in the market same as most gamblers in the casino lose. If you are going to trade BTC, then you have got to learn the rules of the game. You have got to learn what a trade setup looks like, you have to learn how to manage your risk, and above all else, you need discipline and a very thick skin. Even the most prolific traders that I know take absolute poundings from time to time and if you are the type that takes this sort of treatment from the market too much to heart, then believe me, trading is not for you! If a trader was looking at a long trade, here are some reasons that he may have to enter such a trade (plenty more reasons not to enter that trade btw, which are not shown on this chart), and how he may structure such a trade, operating strict profit and stop loss targets:  If you are going to margin trade, then Kraken is most certainly not the place to do it. I would recommend BTC 3 Month Futures on OKCoin. There, you can get up to *20 margin, with 0% fees on market maker orders (i.e. orders placed in the bid/ask walls). Previously, I would have balked at recommending a Chinese exchange, due to the fact that these guys can just turn around and say "Fuck You!", before taking your money with impunity, with there being absolutely nothing you can do about it. But since in 2016, both Kraken and Bitfinex done exactly that to thier customers, it seems that the Bitcoin margin trader may as well take the better trading conditions and chunkier trading volumes on the Chinese exchanges. With that said, only send across a small amount of BTC at a time, and don't ever bet more than you are wiling to lose on any one trade. Just like Finex and Kraken, OKCoin actively trade against their own customers, and thanks to *20 margin position liquidating runs are common place. Thanks for the advice, I also just wanted to spot out, when I said I was just margin trading to see what happens I meant I was just trying to learn how to do it with smaller amounts, and get used to it. I'm so glad there is a margin trading website without fee's. EDIT: I Checked out OKcoin, and it allow users in the residency of the United States to use their website, do you know of any other websites like it? With the low fees. |
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505
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Economy / Speculation / Any advice in margin trading?
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on: January 11, 2017, 09:38:21 AM
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Currently, I have been experimenting with margin trading a bit, seeing how it works and what happens. I would only use small amounts, but just until recently I have used higher amounts 2-5 bitcoin, and today I put a long order (expecting the price to go up for profit) at 920$, and currently the bitcoin price is near $870 taking a total loss of -$203.20 (-5.56%), I really don't know what moves to make when I should take my loss or when I should cashout my profit. My intentions are to patiently wait for the price to settle a bit higher and see if I can take less of a loss or even maybe see it go above 925$ again, let me know if you think nthis is a bad idea.
One thing to keep in mind is that I am charged around 10$ in fee's when margin trading with around 5 BTC when I am doing this, so regardless I have to make 10$+ to profit which is the most annoying part for me, if anyone knows of a margin trading website that has low fee's please let me know of that too, thanks for the help.
I ended up taking a total loss of: $-298.15 + -$27.09 with an average percent drop of around -8.27%
The worst part is the second I sold my BTC, I decided to open a sell order so expecting the price to go down, and a few seconds later after placing that order the price shot up 30$ on kraken, causing me to lose another 50$ right away. I'm starting to think this just isn't for me.
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506
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Bitcoin / Legal / Re: Taxes on Bitcoin
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on: January 10, 2017, 09:07:30 AM
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Hi Everybody,
When getting Satoshi/Bitcoins from the internet in general, could you please tell me whether you have to pay tax to the country you get them from or do you just pay taxes to your own country?
Thanks for your help.
In USA, Depending on what your doing with bitcoin, if your mining bitcoin you have to pay income tax on every cent you make. Also if the price of bitcoin goes up even 1 cent you also have to pay a tax on that called, Capital Gains tax. In your trading bitcoin, you may require registering for a "FinCEN" as it may be classified as money transmitting. As far as I know, these taxes must be payed based of the place you live no matter where you buy the bitcoin. |
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507
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Economy / Investor-based games / Re: Doubleyoursbtc - after few hours or much much more!
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on: January 10, 2017, 07:41:42 AM
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Stop posting your scam posts here. Do not motivate people to invest in this SCAM site. Pls can any admin or moderator close and delete this scam thread?
As far as I know no one here is not scammed, so cut the crap. duplicate your bitcoins, everything is very simple and to the BTC duplicate no time limit, BTC can be duplicate for a few minutes after 6 confirmation If in some reality you could duplicate bitcoin in just a few minutes, you could have millions of dollars in bitcoin. There is no possible way to "duplicate" bitcoin, there is a set number of bitcoin that can only be received through mining, you can't just pull something out of thin air, even bitcoin. Stop bumping this thread, every time there is a "investment". |
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508
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Economy / Lending / Re: Invest in Sweeet's Business | First Legit Investor-Form
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on: January 10, 2017, 04:30:48 AM
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Waiting for the return on investment in the amount of 0.05945 Bitcoin!
Just waiting for my deposit to hit on kraken, it shouldn't be much longer. The absolute latest would be within 6 hours, but should be within just a few here. well, waiting for my payment to if you want to be on time less than 45 min left  it would be good if you setup some sort of timer to remind you when your payments are need to be done Wow, im really sorry, didn't even notice that you were invested, I will repay right away sorry about that. EDIT: 0.021 RepaidTo: 1C2W1QcCryXSBYKABYdGRBsjNzzJRXqH4p TXID: TXIDDocumentation: Google DocsEDIT2: Looking into some sort of timer/alert to avoid this from occurring again. |
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511
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Economy / Lending / Re: Invest in Sweeet's Business | First Legit Investor-Form
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on: January 08, 2017, 11:48:29 PM
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You have at the investors form "Deposit Address-address that you send BTC from".
is this necessary,if you have the txid?
i want to give your service a try out, so i am thinking to send you BTC from a gambling site or a trade platform.
is this a problem?
I thought about removing it, it was just to be able to organize my incoming investments easier. If you do end up investing just put "Shared Send". EDIT: Just removed it. |
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512
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Economy / Lending / Re: Invest in Sweeet's Business | First Legit Investor-Form
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on: January 08, 2017, 10:43:37 PM
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I decided to help your business and will invest some amount. I believe you and look forward to a long and mutually beneficial cooperation. If it will, then I will try to increase the monthly turnover. After 3-4 days I will be ready to invest gradually.
I appreciate your support, I should have your repayment funds tomorrow around this time. |
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513
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Economy / Speculation / Re: Kraken failing to execute orders?!?
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on: January 08, 2017, 01:08:50 AM
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WTF? I thought Kraken was a respectable exchange house, since they were chosen for disbursement of the MtGox bankruptcy funds, but it seems not. I had 3 trailing-stop sell orders on Kraken waiting for this value drop, they were supposed to trigger at 1012, 990 and 960-ish euros but we're already at like 955 and none of them are executed, I'm still fully in BTC! Anyone else seeing this on their account?
Hey, I'm not sure exactly what happened but perhaps the "last price" said it was under 955 for a short period but the actually market rate was higher, this has happened a lot for me and can be confusing at times, although all my kraken orders went through just make sure your looking at the correct rate, if that isn't the problem it could be the type of order you created, im not sure. |
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516
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Economy / Gambling discussion / Re: Do any people gamble under the age of 18?
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on: January 07, 2017, 12:04:46 AM
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I hope none of you thst are under the age of 18 gamble. Children should not be exposed to that sort of addiction. Always gamble responsibly. Winners know when to quit. Children should be in school getting ready for their future when they out not chasing btc online gambling.
What would you think about a 16/17 year old kid who say gambled his savings and turned it into $50,000 or even $100,000 then just quit forever, do you think it would be a problem for that kid specifically? |
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517
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Economy / Investor-based games / Re: Double your Bitcoin in 100 Hours
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on: January 07, 2017, 12:01:08 AM
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Get rich fast, all you need to do is give me your money and you will get x10 back using my super insane technology that can duplicate real money! Don't got money to invest? Don't worry we've got a referral system, get 10,000% commission!
No one will fall for this, and if they do, they ought to get their vision checked, stop bumping.
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518
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Economy / Speculation / Re: Now That Bitcoin Is Under $1000 Again..
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on: January 06, 2017, 08:39:48 PM
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One week and we Hit 500dollar
LOL Keep dreaming. All the wishful thinking in the world won't take it that low. Eventually you'll have to wake up and realized you missed the chance to buy at that price long ago. Be grateful for a second chance to buy at triple digits. I think he is right, it is a good time to buy right now, its possible the price could continue to drop but in the long run I see bitcoin going much higher than this and you should profit from it either way. |
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519
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Economy / Investor-based games / Re: Bitcoin HYIP protection of investment scheme
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on: January 05, 2017, 10:13:26 PM
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If you love your Bitcointalk account i suggest to close this topic, before someone added negative trust on your account, bitcointalk community does not accept this kind of set up and promotions.
Thank for your suggestions. There ought to be a reason for a negative flag. I'm not fooling anyone into it. And I would request everyone to act responsibly as High Yield Investment is not a feasible business and is a pure gamble. Be careful what you say, just look at my account. For all we (Vod) knows the sites could be run by you, or you could just take the money from referral, good luck though, a pretty smart idea. |
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520
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Economy / Speculation / Re: Now That Bitcoin Is Under $1000 Again..
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on: January 05, 2017, 03:20:39 PM
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I feel very shocked with bitcoin price. Just only more 10minutes, it reduces about 200$ .
I have lost 20% profit after that. it's ridiculous, Guy. That's so boring.
When does the price return back 1,100$? I'm very confused.
You should get to know bitcoin a little bit better, see what controls the bitcoin price and predict these things a little bit easier, with bitcoin you can lose and make a lot from the price changing and it can be very difficult some times because of it. Informing yourself is the difference between making money and losing money. |
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