www.Bitcoin-Brokers.org is offering a Sidechain Stock Market funded entirely in bitcoin.
Sidechain Stock Market Explanation:
The platform used for the Sidechain Stock Market is third party product which is called Wall Street Survivor. The website can be found at
www.Wallstreetsurvivor.comI encourage you to visit the site for yourself. You will see that the site is completely trustworthy. It is used by hundreds of thousands of people per day, and there have been articles written about the website in Forbes magazine among other respectable financial websites.
This platform allows us to create what are called tournaments. These tournaments are what we use as our Sidechain Stock Market. These tournaments allow players to buy and sell stocks with virtual money and based on how well a player has done with their trading is exactly how they will be rewarded or penalized when their tournament concludes.
This is very similar to a financial product which is called "contract for difference (or CFD)" with a few important differences. CFDs are typically issued by a company who creates their own market prices for the underlying issuance. This places CFD providers at an unfair advantage over their own clients. This fosters an unfair trading environment where the CFD provider is now capable of, and rewarded when they trade against their own clients.
By using a third party platform, you are assured that your trades are based on provably fair market conditions, as compared to artificially created prices within a platform which was under our control.
Players are permitted to make as many trades as they wish, and never be charged a penny for any of the trades.
By having zero trading fees, this now allows smaller players to buy micro purchases of their favorite companies. As an example, you can now buy a couple dollars worth of 250 different companies for $500, and then sell those same 250 different companies and never lose a single penny to trading fees. This encourages diversification without incurring an expense.
We make our money from a Sidechain fee associated with holding your bitcoin during your tournament.
We sell your bitcoin into an exchange and lock in your bitcoin value into dollars. When your tournament concludes and you are paid back in bitcoin, we repurchase the bitcoin from the exchange at current rates and your tournament results dictate the percentage paid back to you.
It is all included in our fee which is 5% per tournament. Each tournament lasts for 5 trading days. Tournaments only run on days that the market is open which are Mondays through Fridays. We can begin tournaments on any of the 5 trading days that you wish.
The minimum equivalent amount that must be wagered per tournament is $400. There is no maximum amount which can be wagered.
Leverage is available to anybody who wishes to utilize it. Leverage will amplify rewards and losses equally. We offer up to 300% leverage at no additional fee. Leverage will magnify the gain or loss based on the level of leverage. As an example, if zero leverage is used during the tournament, and the player increases the value of their portfolio by 10%, the player will receive back their deposit plus 10% (minus the 5% fee taken at the start of the tournament).
If that same player had 100% leverage and achieved the same 10% increase in the portfolio value, the player would receive the deposit amount plus 20% (minus the 5% fee taken at the start of the tournament).
If that same player had 200% leverage and achieved the same 10% increase in the portfolio value, the player would receive the deposit amount plus 30% (minus the 5% fee taken at the start of the tournament).
If that same player had 300% leverage and achieved the same 10% increase in the portfolio value, the player would receive the deposit amount plus 40% (minus the 5% fee taken at the start of the tournament).
The same numbers are realized in the opposite direction if the trader sees a loss in their portfolio value.
If that same player had 100% leverage and witnessed a 10% loss in the portfolio value, the player would receive the deposit amount minus 20% (minus the 5% fee taken at the start of the tournament).
If that same player had 200% leverage and witnessed a 10% loss in the portfolio value, the player would receive the deposit amount minus 30% (minus the 5% fee taken at the start of the tournament).
If that same player had 300% leverage and witnessed a 10% loss in the portfolio value, the player would receive the deposit amount minus 40% (minus the 5% fee taken at the start of the tournament).
-Shorting is permitted.
-Every trade must carry over at least one night. This means that a stock purchased on a Monday must be held until at least Tuesday before it can be sold.
Free demo accounts can be created at WallstreetSurvivor and I encourage you to register a free trading account and practice trading with their system first, and once you feel comfortable with the platform, we can get you set up with as little as one day's notice when you are prepared to wager for bitcoin.
Bitcoin-Brokers has been operating for approximately 2 years now in the bitcoin community. Our dedicated review thread can be found here:
https://bitcointalk.org/index.php?topic=237164.msg9846821#msg9846821If you take the time to read our review thread, you will see that there are over 70,000 views and hundreds of comments on that thread. I am especially proud of the fact that you will not find one single negative remark from any past client on that review thread. One of the main reasons why there are no complaints is because we built our business' functionality entirely on top of a Zendesk help desk system which ensures that customer communication is our number one priority. Clients always feel connected with a member of our staff because support tickets are typcially answered within minutes after submission.
