BayAreaCoins (OP)
Legendary
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Activity: 3920
Merit: 1247
Owner at AltQuick.com & FreeBitcoins.com
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November 17, 2014, 08:59:42 PM |
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Does anyone else do this? I've never traded futures before and it was super fucking easy to learn once actually trading. It is the largest rush I've found in Bitcoin since investing at Just-dice.com with Nawaka rocking the boat. I took 1btc to 16btc and then fell asleep at the keyboard... woke up with 1 bitcent. Now I've got that one back up to .2 Wow....
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the joint
Legendary
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Activity: 1834
Merit: 1020
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November 17, 2014, 09:03:48 PM |
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Does anyone else do this? I've never traded futures before and it was super fucking easy to learn once actually trading. It is the largest rush I've found in Bitcoin since investing at Just-dice.com with Nawaka rocking the boat. I took 1btc to 16btc and then fell asleep at the keyboard... woke up with 1 bitcent. Now I've got that one back up to .2 Wow.... I do not, but here is my opinion on the matter:
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erre
Legendary
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Activity: 1666
Merit: 1205
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November 17, 2014, 09:11:58 PM |
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Does anyone else do this? I've never traded futures before and it was super fucking easy to learn once actually trading. It is the largest rush I've found in Bitcoin since investing at Just-dice.com with Nawaka rocking the boat. I took 1btc to 16btc and then fell asleep at the keyboard... woke up with 1 bitcent. Now I've got that one back up to .2 Wow.... With 20x leverage, trading is basically like betting on binary options.
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BayAreaCoins (OP)
Legendary
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Activity: 3920
Merit: 1247
Owner at AltQuick.com & FreeBitcoins.com
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November 17, 2014, 10:38:36 PM |
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Does anyone else do this? I've never traded futures before and it was super fucking easy to learn once actually trading. It is the largest rush I've found in Bitcoin since investing at Just-dice.com with Nawaka rocking the boat. I took 1btc to 16btc and then fell asleep at the keyboard... woke up with 1 bitcent. Now I've got that one back up to .2 Wow.... I do not, but here is my opinion on the matter: haha it is kinda the needle of trading eh?
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nigttran
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November 21, 2014, 03:44:40 PM |
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For the little capital. interesting than trade altcoin
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DebitMe
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Activity: 2786
Merit: 1011
Get Paid Crypto To Walk or Drive
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November 21, 2014, 03:49:11 PM |
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If you don't mind me asking Bay, what site do you use that allows that kind of leverage?
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Arrogantx
Full Member
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Activity: 166
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“What can’t kill Bitcoin, makes it (us) stronger.”
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November 21, 2014, 04:15:05 PM |
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looks very interesting and tempting lol. thanks for the share bac
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“It will be everywhere, and the world will have to readjust. World governments will have to readjust.” 1KbCRTGQc7oma5NN4taw9ELVhp5PhB149r
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erre
Legendary
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Activity: 1666
Merit: 1205
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November 21, 2014, 04:17:54 PM |
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I fear it didn't end well..
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junglist.massive
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November 21, 2014, 06:13:48 PM |
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where you trade that? bitfinnex?
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BayAreaCoins (OP)
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Owner at AltQuick.com & FreeBitcoins.com
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November 21, 2014, 07:26:53 PM |
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where you trade that? bitfinnex?
Use my signature.
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Bitcoins101
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November 21, 2014, 08:43:43 PM |
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I love how OKCoin.cn practically has more volume (and hence liquidity) than every other exchange put together, but half the people here don't even know it exists. They need to work on their marketing. First step should be paying bitcoinwisdom.com to put them up top instead of Huobi, which is like the 3rd largest Chinese exchange and isn't even relevant anymore.
You should try leveraging your account once you get a VIP level, too. Trade with 20x leverage while your entire account is leveraged up to 2x (if your VIP level is high enough).
I really need to use that OKC referral program like you instead of paid signatures. Every other post of mine I'm spouting off about how stupid people are not to be using OKCoin.
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BayAreaCoins (OP)
Legendary
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Activity: 3920
Merit: 1247
Owner at AltQuick.com & FreeBitcoins.com
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November 21, 2014, 08:53:18 PM |
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I love how OKCoin.cn practically has more volume (and hence liquidity) than every other exchange put together, but half the people here don't even know it exists. They need to work on their marketing. First step should be paying bitcoinwisdom.com to put them up top instead of Huobi, which is like the 3rd largest Chinese exchange and isn't even relevant anymore.
You should try leveraging your account once you get a VIP level, too. Trade with 20x leverage while your entire account is leveraged up to 2x (if your VIP level is high enough).
I really need to use that OKC referral program like you instead of paid signatures. Every other post of mine I'm spouting off about how stupid people are not to be using OKCoin.
Something is wrong with my signature. I need to redo it because it is like people don't understand it is a affiliate link to click. Wow didn't know you could 2x your account and then 20x leverage on top of that... wow. Yet another game changer... although 20x against norm was plenty . Let me know on that shot... We are good to rock and roll here any time.
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Bitcoins101
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November 21, 2014, 09:09:10 PM |
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I love how OKCoin.cn practically has more volume (and hence liquidity) than every other exchange put together, but half the people here don't even know it exists. They need to work on their marketing. First step should be paying bitcoinwisdom.com to put them up top instead of Huobi, which is like the 3rd largest Chinese exchange and isn't even relevant anymore.
You should try leveraging your account once you get a VIP level, too. Trade with 20x leverage while your entire account is leveraged up to 2x (if your VIP level is high enough).
I really need to use that OKC referral program like you instead of paid signatures. Every other post of mine I'm spouting off about how stupid people are not to be using OKCoin.
Something is wrong with my signature. I need to redo it because it is like people don't understand it is a affiliate link to click. Wow didn't know you could 2x your account and then 20x leverage on top of that... wow. Yet another game changer... although 20x against norm was plenty . Let me know on that shot... We are good to rock and roll here any time. Fees are minuscule, which is why I haven't used it. Even with 50% of the fees, I doubt it's that much for an average referral. However, if you go to the leaderboard, you see a guy who has earned nearly $15K from referrals.....so maybe you just have to refer the right people.
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Nrcewker
Copper Member
Hero Member
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Activity: 2170
Merit: 536
Building my own Dreams!
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November 24, 2014, 03:28:54 AM |
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rich rush or bust rush, anyone can take a risk
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Watoshi-Dimobuto
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November 24, 2014, 04:10:43 AM |
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Is there any exchanges that offer 20x or at least 10x leverage? I found OKcoin has it. But it needs a lot of verification for even depositing bitcoin.
I like coinut more. It is mainly binary options. and simple to trade.
Anyone know of any other sites?
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Bitcoins101
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November 24, 2014, 04:37:24 AM |
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Is there any exchanges that offer 20x or at least 10x leverage? I found OKcoin has it. But it needs a lot of verification for even depositing bitcoin.
I like coinut more. It is mainly binary options. and simple to trade.
Anyone know of any other sites?
796.com
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Pkuwag
Member
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November 24, 2014, 06:58:51 AM |
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if I create an exchange which offered 50x/70x/100x/200x leverage, who are willing to trade on my exchange?
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BayAreaCoins (OP)
Legendary
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Activity: 3920
Merit: 1247
Owner at AltQuick.com & FreeBitcoins.com
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November 24, 2014, 09:00:51 AM |
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if I create an exchange which offered 50x/70x/100x/200x leverage, who are willing to trade on my exchange?
Seems like crazy risk.... 20x is insane.
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Bitcoins101
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November 24, 2014, 09:56:40 AM |
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if I create an exchange which offered 50x/70x/100x/200x leverage, who are willing to trade on my exchange?
Forced liquidation poses risks to the exchange. The rate of forced liquidation with that sort of leverage might simply be too high to manage in the cryptocurrency market. It would pretty much be impossible to have an order open for any reasonable amount of time before getting liquidated at 200x leverage. All it would take is one large trader (comparative to the exchange) to wipe out one side of the positions instantly.
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CUNÉGONDE
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Merit: 10
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November 24, 2014, 10:07:35 AM |
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if I create an exchange which offered 50x/70x/100x/200x leverage, who are willing to trade on my exchange?
lol, i will follow it just you do
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BTCjust
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November 25, 2014, 01:48:33 AM |
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if I create an exchange which offered 50x/70x/100x/200x leverage, who are willing to trade on my exchange?
This is equivalent to a nuclear bomb into the war
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BayAreaCoins (OP)
Legendary
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Owner at AltQuick.com & FreeBitcoins.com
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November 25, 2014, 02:32:35 AM |
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if I create an exchange which offered 50x/70x/100x/200x leverage, who are willing to trade on my exchange?
This is equivalent to a nuclear bomb into the war The exchange would go tits up when some big player lost their ass and they couldn't fill the orders. Even like OKCoin for example... how many people are going to pay their negative balance and where will that sum of money come from? I guess from commisions n such blah blah blah Bitcoins on exchange and Bitcoins off exchange ASAP anyways anyways!
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Elwar
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Viva Ut Vivas
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November 25, 2014, 01:13:54 PM |
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I used to leverage at 10x on Bitcoinica.
It was later discovered that they actively manipulated the price to take advantage of people with such high leverage.
When looking at your trades, did the price move up to just within the realm where you were going to start making money...then shifted in the opposite direction to the point where your trade was lost (but just enough) before going back up again?
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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BayAreaCoins (OP)
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Owner at AltQuick.com & FreeBitcoins.com
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November 25, 2014, 07:18:04 PM |
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I used to leverage at 10x on Bitcoinica.
It was later discovered that they actively manipulated the price to take advantage of people with such high leverage.
When looking at your trades, did the price move up to just within the realm where you were going to start making money...then shifted in the opposite direction to the point where your trade was lost (but just enough) before going back up again?
This was something I was very mindful of, but I didn't see anything funny. My largest position was only like 800 contracts though. $100 per contract.
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FattyMcButterpants
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November 26, 2014, 10:25:35 PM |
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I used to leverage at 10x on Bitcoinica.
It was later discovered that they actively manipulated the price to take advantage of people with such high leverage.
When looking at your trades, did the price move up to just within the realm where you were going to start making money...then shifted in the opposite direction to the point where your trade was lost (but just enough) before going back up again?
This. When you have this high of leverage you will be very vulnerable to even small market movements against you that are legit (or the result of manipulation). Since margin requirements will always be based on the price on the exchange it would not be uncommon for the price to move in ways that are different then other major exchanges for short periods of time and the exchange could force the price against you quickly to force you to close your position, wiping out your equity and then selling the bitcoin they just purchased from you at artificially low prices to other market participants (if you had a leveraged long position)
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CryptoGuu
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November 27, 2014, 07:54:36 PM |
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Do i see it right that OKCoin charges 10% fee for 10x leverage? lol
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junglist.massive
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November 27, 2014, 10:31:15 PM |
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anyone have some guide for trading futures?
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BayAreaCoins (OP)
Legendary
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Owner at AltQuick.com & FreeBitcoins.com
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November 27, 2014, 10:48:26 PM |
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anyone have some guide for trading futures?
Long n strong... long n strong! OKcoin has pretty good charts as well.
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junglist.massive
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November 27, 2014, 11:35:33 PM |
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anyone have some guide for trading futures?
Long n strong... long n strong! OKcoin has pretty good charts as well. ok now I feel ready for trading!
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BayAreaCoins (OP)
Legendary
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Owner at AltQuick.com & FreeBitcoins.com
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November 27, 2014, 11:40:31 PM |
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anyone have some guide for trading futures?
Long n strong... long n strong! OKcoin has pretty good charts as well. ok now I feel ready for trading! Basically right now I'm picking up long quarter contracts in hopes of a spike like last fall. Pretty much a martingale against the market kind of. The best trade is always your own trade!
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Willisius
Sr. Member
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Activity: 364
Merit: 250
I'm really quite sane!
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November 28, 2014, 03:47:13 AM |
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anyone have some guide for trading futures?
Long n strong... long n strong! OKcoin has pretty good charts as well. When you are trading futures, you are generally not entering into long term trades. The price of bitcoin will not rise constantly and at an even pace (it will have various dips and troughs), so it will sometimes be advisable to sell futures contracts when you think the short term price of bitcoin will fall
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BayAreaCoins (OP)
Legendary
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Owner at AltQuick.com & FreeBitcoins.com
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November 28, 2014, 04:03:27 AM |
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anyone have some guide for trading futures?
Long n strong... long n strong! OKcoin has pretty good charts as well. When you are trading futures, you are generally not entering into long term trades. The price of bitcoin will not rise constantly and at an even pace (it will have various dips and troughs), so it will sometimes be advisable to sell futures contracts when you think the short term price of bitcoin will fall Long n strong on the quarter futures good sir.
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TwinWinNerD
Legendary
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CEO Bitpanda.com
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November 28, 2014, 04:05:41 AM |
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Why the heck would you want to trade on a platform that socializes losses in a dubious opaque way???
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BayAreaCoins (OP)
Legendary
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Owner at AltQuick.com & FreeBitcoins.com
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November 28, 2014, 04:07:23 AM |
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Why the heck would you want to trade on a platform that socializes losses in a dubious opaque way???
OKCoin? I haven't had any issues with them and I know a few people IRL who use them as well... Link?
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TwinWinNerD
Legendary
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CEO Bitpanda.com
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November 28, 2014, 04:12:54 AM |
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TwinWinNerD
Legendary
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CEO Bitpanda.com
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November 28, 2014, 04:14:28 AM |
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BayAreaCoins (OP)
Legendary
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Owner at AltQuick.com & FreeBitcoins.com
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November 28, 2014, 04:18:23 AM |
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Eh still well worth it to me in my opinion!
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wayshegoes
Sr. Member
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Activity: 266
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I lost the liqour money boys...
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November 28, 2014, 07:35:40 PM |
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BayAreaCoins (OP)
Legendary
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Owner at AltQuick.com & FreeBitcoins.com
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November 28, 2014, 08:11:19 PM |
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Rofl good first morning laugh Degin life baby!
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wayshegoes
Sr. Member
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I lost the liqour money boys...
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November 29, 2014, 11:47:14 AM |
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BayAreaCoins (OP)
Legendary
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Owner at AltQuick.com & FreeBitcoins.com
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November 29, 2014, 12:18:56 PM |
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rofl that is cray lol I've never used them before.
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Bitcoins101
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November 29, 2014, 12:42:31 PM |
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796 has been way ahead of OKC in the leverage department for the majority of both of their existence. It's only natural that now that OKC offers 20x leverage, 796 would go from 20x to 50x. I'll take OKC with 20x leverage over 796 with 50x leverage because of how OKC manages risk socialization. OKC has a pot of 100 BTC per incident that they use to cover losses (i.e. negative balances), while 796 has none of that. Be prepared to deal with losing a large amount of your profits on 796 due to the losses of other traders. It's not like the money disappears (it just passes from trader to trader in all scenarios), but the extra 100 BTC that OKC throws into the pot is certainly appreciated by those using their platform for hedging instead of just pure speculative trading. I also feel a little more comfortable with OKCoin.com's security and I appreciate the ability to transfer BTC instantly to their Chinese exchange and trade it with zero fees. The entire OKC system just feels a little more robust. Not that I won't be using 796 at the right times...
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ScryptAsic
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November 30, 2014, 09:23:06 PM |
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That is very risky. A 2% change in the market price against you will wipe out your entire equity. I would imagine that it would not be a good idea to stay in those kinds of positions for very long. This is also a Chinese exchange, which in itself is risky as there are rumors regarding the solvency of chinese exchanges
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2dogs
Legendary
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November 30, 2014, 11:35:01 PM |
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The first rule when trading BTC 20X (or more) leverage is... you will not, cannot and should not SLEEP!
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TwinWinNerD
Legendary
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Activity: 1680
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CEO Bitpanda.com
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November 30, 2014, 11:50:11 PM |
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The first rule when trading BTC 20X (or more) leverage is... you will not, cannot and should not SLEEP! Or just don't hold overnight positions
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2dogs
Legendary
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Merit: 1000
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December 01, 2014, 10:23:08 AM |
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The first rule when trading BTC 20X (or more) leverage is... you will not, cannot and should not SLEEP! Or just don't hold overnight positions Of course, close your positions before going to sleep. But then, you are missing a good 8 hours or so of action! Or, as an alternative, use a platform that allows you to set stop losses. Don't know of any that do with leverage. Poloniex does, but does not offer the leverage.
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Bitcoins101
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December 01, 2014, 10:25:54 AM |
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The first rule when trading BTC 20X (or more) leverage is... you will not, cannot and should not SLEEP! Or just don't hold overnight positions Of course, close your positions before going to sleep. Or, as an alternative, use a platform that allows you to set stop losses. Don't know of any that do with leverage. Poloniex does, but does not offer the leverage. Most of them do offer stop losses in some form or another, actually.
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2dogs
Legendary
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December 01, 2014, 10:29:29 AM Last edit: December 01, 2014, 10:46:26 AM by 2dogs |
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The first rule when trading BTC 20X (or more) leverage is... you will not, cannot and should not SLEEP! Or just don't hold overnight positions Of course, close your positions before going to sleep. Or, as an alternative, use a platform that allows you to set stop losses. Don't know of any that do with leverage. Poloniex does, but does not offer the leverage. Most of them do allow stop losses in some form, actually. Which ones - with leverage, 10X, 20X like OKCoins?
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Willisius
Sr. Member
Offline
Activity: 364
Merit: 250
I'm really quite sane!
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December 03, 2014, 12:10:49 AM |
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The first rule when trading BTC 20X (or more) leverage is... you will not, cannot and should not SLEEP! Or just don't hold overnight positions Of course, close your positions before going to sleep. Or, as an alternative, use a platform that allows you to set stop losses. Don't know of any that do with leverage. Poloniex does, but does not offer the leverage. Most of them do allow stop losses in some form, actually. Which ones - with leverage, 10X, 20X like OKCoins? Well they all will essentially force you to have a stop loss order in place in the form of a margin call. I would say that they would liquidate any 20x position that you have well before the price drops enough that would wipe out your equity
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TwinWinNerD
Legendary
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Activity: 1680
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CEO Bitpanda.com
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December 03, 2014, 12:23:30 AM |
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The best way to trade theses things on those platforms is to make a new account as soon as you close a winning position. that way you don't have any sozialization losses.
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ScryptAsic
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December 05, 2014, 03:45:15 AM |
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The best way to trade theses things on those platforms is to make a new account as soon as you close a winning position. that way you don't have any sozialization losses.
I would think that any trading platform/exchange would be able to monitor individuals via IP address/cookies. Plus if an exchange that allows leverage is truly neutral to every trade then they would not need to socialize anything as the exchange would not end up loosing anything for any trade (assuming they can manage their risk appropriately and are able to close out positions before negative equity is reached)
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2dogs
Legendary
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Activity: 1267
Merit: 1000
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December 05, 2014, 06:38:54 AM |
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The first rule when trading BTC 20X (or more) leverage is... you will not, cannot and should not SLEEP! Or just don't hold overnight positions Of course, close your positions before going to sleep. Or, as an alternative, use a platform that allows you to set stop losses. Don't know of any that do with leverage. Poloniex does, but does not offer the leverage. Most of them do allow stop losses in some form, actually. Which ones - with leverage, 10X, 20X like OKCoins? Since no one answered my question, I'll ask again: What BTC exchanges offer 10 or 20 X leverage besides OKCoin?
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BayAreaCoins (OP)
Legendary
Offline
Activity: 3920
Merit: 1247
Owner at AltQuick.com & FreeBitcoins.com
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December 05, 2014, 06:50:40 AM |
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The first rule when trading BTC 20X (or more) leverage is... you will not, cannot and should not SLEEP! Or just don't hold overnight positions Of course, close your positions before going to sleep. Or, as an alternative, use a platform that allows you to set stop losses. Don't know of any that do with leverage. Poloniex does, but does not offer the leverage. Most of them do allow stop losses in some form, actually. Which ones - with leverage, 10X, 20X like OKCoins? Since no one answered my question, I'll ask again: What BTC exchanges offer 10 or 20 X leverage besides OKCoin? I use OKCoin (in my signature.) Doesn't 786 or whatever their name is offer margin trading?
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krishatnet
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December 06, 2014, 02:09:27 AM |
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More leverage more risk also more profit.
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We Support Currencies: BTC, LTC, USD, EUR, GBP
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BayAreaCoins (OP)
Legendary
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Activity: 3920
Merit: 1247
Owner at AltQuick.com & FreeBitcoins.com
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December 06, 2014, 02:40:08 AM |
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More leverage more risk also more profit.
Scared money don't make no money!
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BitCoinPokerBro
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December 06, 2014, 12:00:15 PM |
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I took 1btc to 16btc and then fell asleep at the keyboard... woke up with 1 bitcent. Now I've got that one back up to .2 This scenario isn't logical. For every $1 btc/usd at 20x leverage you earn or lose $20 @ $400/1btc price would have to move $340 to make 17 btc not counting trading fee's. Even with 50x leverage it would be quite difficult to turn 1btc into 17 within 36hrs
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BayAreaCoins (OP)
Legendary
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Owner at AltQuick.com & FreeBitcoins.com
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December 06, 2014, 12:09:47 PM |
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I took 1btc to 16btc and then fell asleep at the keyboard... woke up with 1 bitcent. Now I've got that one back up to .2 This scenario isn't logical. For every $1 btc/usd at 20x leverage you earn or lose $20 @ $400/1btc price would have to move $340 to make 17 btc not counting trading fee's. Even with 50x leverage it would be quite difficult to turn 1btc into 17 within 36hrs It wasn't quite 16btc... I was going to stop at 16 (prob not.) It was with 20x leverage. I deposited 1 more BTC on top of the first one to chase a early loss that turned out well for me.
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BitCoinPokerBro
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December 06, 2014, 12:15:02 PM |
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I took 1btc to 16btc and then fell asleep at the keyboard... woke up with 1 bitcent. Now I've got that one back up to .2 This scenario isn't logical. For every $1 btc/usd at 20x leverage you earn or lose $20 @ $400/1btc price would have to move $340 to make 17 btc not counting trading fee's. Even with 50x leverage it would be quite difficult to turn 1btc into 17 within 36hrs It wasn't quite 16btc... I was going to stop at 16 (prob not.) It was with 20x leverage. I deposited 1 more BTC on top of the first one to chase a early loss that turned out well for me. YOUR FULL OF SHIT
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BayAreaCoins (OP)
Legendary
Offline
Activity: 3920
Merit: 1247
Owner at AltQuick.com & FreeBitcoins.com
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December 06, 2014, 12:37:48 PM |
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I took 1btc to 16btc and then fell asleep at the keyboard... woke up with 1 bitcent. Now I've got that one back up to .2 This scenario isn't logical. For every $1 btc/usd at 20x leverage you earn or lose $20 @ $400/1btc price would have to move $340 to make 17 btc not counting trading fee's. Even with 50x leverage it would be quite difficult to turn 1btc into 17 within 36hrs It wasn't quite 16btc... I was going to stop at 16 (prob not.) It was with 20x leverage. I deposited 1 more BTC on top of the first one to chase a early loss that turned out well for me. YOUR FULL OF SHIT Gtfo with your caps locks http://pastebin.com/GJbVXSVFhttp://pastebin.com/0AWAmWD3
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Bitcoins101
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December 06, 2014, 05:42:28 PM Last edit: December 06, 2014, 08:32:14 PM by Bitcoins101 |
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I took 1btc to 16btc and then fell asleep at the keyboard... woke up with 1 bitcent. Now I've got that one back up to .2 This scenario isn't logical. For every $1 btc/usd at 20x leverage you earn or lose $20 @ $400/1btc price would have to move $340 to make 17 btc not counting trading fee's. Even with 50x leverage it would be quite difficult to turn 1btc into 17 within 36hrs The futures price went from essentially $365 to $485 within a day or two. Case closed.
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BtcFlood.com
Newbie
Offline
Activity: 15
Merit: 0
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April 17, 2015, 09:45:56 AM |
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If you do have experience with Bitcoin futures trading you can make a lot of money. Yes, high leverage is insane, but the profit is the same! Please check our hiring post if you are good and want to join our team! https://bitcointalk.org/index.php?topic=1027575.0
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