Bitcoin Forum
May 06, 2024, 07:13:56 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Margin trading Zcash. What to expect, where to trade?  (Read 143 times)
iamsether (OP)
Jr. Member
*
Offline Offline

Activity: 98
Merit: 3


View Profile
March 27, 2020, 02:44:26 AM
 #1

Share your experience! I’ve been doing Zcash spot trading for a while, and now would like to move to margin trading. I think I read a ton of materials regarding margin trading in general. Would love to hear you experience with specifically Zcash margin trading. Also recommend come good exchanges to go with.
In order to achieve higher forum ranks, you need both activity points and merit points.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
RodneyKings
Full Member
***
Offline Offline

Activity: 213
Merit: 103


View Profile
March 27, 2020, 02:40:31 PM
 #2

Well, for me Zcash margin trading is as any other altcoin. You just need to be good at margin trading in general. That’s is. As for exchanges. What you want from one? I trade mostly on Bitmex, but recently started to moving to Basefex as they keep adding new coins.
ned.ryerson
Full Member
***
Offline Offline

Activity: 756
Merit: 101


Oikos.cash | Decentralized Finance on Tron


View Profile
March 27, 2020, 04:58:43 PM
 #3

my experience with margin trading is only negative. I lost a lot of money due to being a very stupid trader and the market was too unpredictable. I want to say that it’s best never to try to make money on margin trading

OIKOS.CASH      Decentralized finance on Tron   ▬▬▬▬▬▬▬▬▬▬▬▬▬   Collateral-backed stable-coins
         github  telegram    twitter    discord           synthetic asset trading and trustless token exchange on TRON
Febo
Legendary
*
Offline Offline

Activity: 2730
Merit: 1288



View Profile
March 27, 2020, 05:46:52 PM
 #4

Share your experience! I’ve been doing Zcash spot trading for a while, and now would like to move to margin trading. I think I read a ton of materials regarding margin trading in general. Would love to hear you experience with specifically Zcash margin trading. Also recommend come good exchanges to go with.

You should not margin trade any cryptocurrenciy. Cryptocurrencies trading is highly manipulated by whale holders. ZCash founding company Electric Coin Company owns 20% of all coins that was mined so far. They can dump a lot in a second.  Just buy coins that you believe will have use case 10 years from now and hold them. Buy as much as you can afford to lose. Buy every month to mitigate price volatility.  
akhjob
Sr. Member
****
Offline Offline

Activity: 1050
Merit: 416


Buy Bitcoin


View Profile WWW
April 02, 2020, 01:54:36 PM
 #5

My personal experience with margin trading is not good as I got liquidated earlier last month when Bitcoin crashed to 4k levels. Margin trading with Bitcoin itself is risky enough, margin trading an altcoin is extremely risky. Anyways, if you are still looking to margin trade Zcash, Binance offers 5x margin.
TwoSides
Newbie
*
Offline Offline

Activity: 125
Merit: 0


View Profile
April 20, 2020, 12:56:58 PM
 #6

Where did you do spot trading with ZEC?
Lakai01
Legendary
*
Offline Offline

Activity: 2296
Merit: 2721


Top Crypto Casino


View Profile
April 21, 2020, 10:37:54 AM
 #7

If you have to ask this question at all, I have serious advice for you: don't do it. Margin trading is not something you do "just like that", it requires a huge portion of experience and, above all, capital. You will lose a lot and especially very quickly, especially at the beginning, so the experience needed to trade at this level must be bought very expensive.

There was a Twitter bot called "REKT" which trolled people who lost a ton of money at BITMEX. The bot itself is suspended afaik, but you can read some of the messages the bot posted here. The bot should be seen as a huge warning sign that a massive loss can happen as soon as someone starts to margin trade:

Quote
The REKT account is part schadenfreude, part warning: trading cryptocurrency is risky, and people can lose large sums of money. On Bitmex, the risk is even higher since people are able to trade on margin, meaning they can borrow money from the exchange by putting down a bit of collateral.

If you still want to try it anyway, I would advise you to start with very (!) small amounts, at a maximum 1% of your total trading capital. This way you can get over losses and still gain the necessary experience. I would only increase this amount after months of successful trading, never immediately after 1-2 lucky trades. Just my opinion as someone who had to learn those lessons already Wink

█████████████████████████
████▐██▄█████████████████
████▐██████▄▄▄███████████
████▐████▄█████▄▄████████
████▐█████▀▀▀▀▀███▄██████
████▐███▀████████████████
████▐█████████▄█████▌████
████▐██▌█████▀██████▌████
████▐██████████▀████▌████
█████▀███▄█████▄███▀█████
███████▀█████████▀███████
██████████▀███▀██████████
█████████████████████████
.
BC.GAME
▄▄░░░▄▀▀▄████████
▄▄▄
██████████████
█████░░▄▄▄▄████████
▄▄▄▄▄▄▄▄▄██▄██████▄▄▄▄████
▄███▄█▄▄██████████▄████▄████
███████████████████████████▀███
▀████▄██▄██▄░░░░▄████████████
▀▀▀█████▄▄▄███████████▀██
███████████████████▀██
███████████████████▄██
▄███████████████████▄██
█████████████████████▀██
██████████████████████▄
.
..CASINO....SPORTS....RACING..
█░░░░░░█░░░░░░█
▀███▀░░▀███▀░░▀███▀
▀░▀░░░░▀░▀░░░░▀░▀
░░░░░░░░░░░░
▀██████████
░░░░░███░░░░
░░█░░░███▄█░░░
░░██▌░░███░▀░░██▌
░█░██░░███░░░█░██
░█▀▀▀█▌░███░░█▀▀▀█▌
▄█▄░░░██▄███▄█▄░░▄██▄
▄███▄
░░░░▀██▄▀


▄▄████▄▄
▄███▀▀███▄
██████████
▀███▄░▄██▀
▄▄████▄▄░▀█▀▄██▀▄▄████▄▄
▄███▀▀▀████▄▄██▀▄███▀▀███▄
███████▄▄▀▀████▄▄▀▀███████
▀███▄▄███▀░░░▀▀████▄▄▄███▀
▀▀████▀▀████████▀▀████▀▀
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!