Kraken.com Review – Pros and Cons of Trading at Kraken

Reminder: Kraken is performing a system upgrade in two hours at 21:00 UTC. All spot exchange services including trading, funding and account access will be temporarily disabled for 3 - 8 hours. Margin positions won’t be closed or liquidated. More details in link.

Reminder: Kraken is performing a system upgrade in two hours at 21:00 UTC. All spot exchange services including trading, funding and account access will be temporarily disabled for 3 - 8 hours. Margin positions won’t be closed or liquidated. More details in link. submitted by DependentHearing to Kraken [link] [comments]

Reminder: Kraken is performing a system upgrade today at 21:00 UTC. All spot exchange services including trading, funding and account access will be temporarily disabled for 3 - 8 hours. Margin positions won’t be closed or liquidated. More details in link.

Reminder: Kraken is performing a system upgrade today at 21:00 UTC. All spot exchange services including trading, funding and account access will be temporarily disabled for 3 - 8 hours. Margin positions won’t be closed or liquidated. More details in link. submitted by DependentHearing to Kraken [link] [comments]

BASIC Risk Management

BASIC Risk Management

https://preview.redd.it/v0c9g1yceix41.png?width=700&format=png&auto=webp&s=bbf36502148eacec1e6c5365b763432660f65366
BASIC is the next-generation crypto finance platform that allows lenders and borrowers from all over the world to better manage their crypto assets with enhanced capital efficiency. Today’s post will cover the Risk Management practices, that are implemented within the platform in order to establish efficient and stable ecosystem and in order to secure all the occuring financial transactions. Let us see the methodologies and tools, that are exploited by BASIC to address all the associated risks, that may occur in any given financial transaction.

BASIC’s Risk Management Practices

BASIC is actively exercising preemptive efforts in order to guarantee efficient and stable financial transactions on its platform, addressing all the associated risks, that may emerge in any given financial transaction. BASIC is applying risk management tools, that assist to alleviate all the associated risks, that can be found within this platform.

Risk classifications

▶ Volatility risk
BASIC has established a risk management system to recognize and address the high volatility of the digital assets. In the case of mortgage loans, there is always a requirement for a liquidation procedure under certain circumstances. Namely, if the market value of the collateral falls below a certain limit, you may be requested to provide additional collateral. If the requested amount of additional collateral is not stored within a specified period, the liquidation procedure will kick in and the required amount of collateral will be liquidated to secure the loan. The BASIC platform performs real-time volatility management practices. There is a tracking process of the price indexes of 6 different crypto exchanges, such as Coinbase, Bitfinex, Binance, Huobi, Bitstamp, and Kraken, where the prices of the crypto assets with an engineered volatility, placed as a collateral or borrowed as a loan in the BASIC’s platform, are tracked and based on them the LTV( Loan-to-Value) ratio is calculated. The abovementioned LTV management, hence risk management is performed by the Smart Risk Manager on an automatic basis. The volatility risk manager is currently programmed to warn and further take some certain actions at the following events and LTV rates:
  • At 65% LTV, the borrower receives warning notifications (Early Warning)
  • At 75% LTV, the borrower is requested to store additional collateral to diminish LTV to 65% (Margin Call)
  • At 85% LTV, the system will be forced to initiate a partial liquidation process to automatically lower the LTV to 75% (Margin Liquidation)
The BASIC platform has a liquidity engine system. It is BitGo’s internal clearing system, which allows you to stream placed orders in real-time, and liquidate large amounts of assets at a fixed price, without the presence of slippage.
▶ Default Risk
This risk could occur independently from the LTV, and two scenarios are probable depending on the nature of the loan (Secured and Unsecured).
  • Secured Loan
The default borrowing period for Basic is set to 3 days after maturity, and if there is an overdue balance outstanding on the day of liquidation, the amount of outstanding balance with a liquidation penalty added will be deducted from the collateral assets.
  • Unsecured Loan
Once the default occurs, 100% of the borrower’s total CREDIT (credit token) is going to be exterminated. At the same time, assets corresponding to the loan amount are going to be taken out from the Basic Insurance Fund and forced liquidation will kick in to protect the depositors.
▶ Overdue Risk
If the loan interest is not paid and remains in overdue status for a prolonged period of time, the following measures will be taken.
  • Secured Loan
The grace period for overdue interest is set to 3 days after maturity, and if there is an overdue balance outstanding after 3 days, the amount of outstanding balance with a liquidation discount rate (5%) added shall be deducted from the collateral assets.
  • Unsecured Loan
The grace period for overdue interest is set to 3 days after maturity, and if there is an overdue balance outstanding after 3 days, the amount of outstanding balance shall be withdrawn from the Basic Insurance Fund and 100% of the borrower’s total CREDIT is programmed to be burned.
▶ Counterparty Risk
Counterparty risk, which is prevalent in the trading and investment areas, is the likelihood or probability, that one of the two involved entities in a transaction might default on its contractual obligation. There are two primary sources of the counterparty risk in the process of collateral liquidation. The first one arises when the counterparty cannot make the required payments according to their obligations. The second one occurs, when the counterparty breaks the terms of the contract, hence defaulting on his contractual obligation. The relationship in the financial market is built upon trust. Hence, the counterparty risk or default risk can result in an overall deterioration of the credit market and further lead to a crisis. When there is a transaction being occurred within a platform of the BASIC, BitGo operates as a third party, who secures the process of escrowing the assets of the transacting participants. This risk management practice enables transacting parties to proactively identify and control the counterparty risk at the same level as financial firms.
▶ Slippage and Market Risks
In case of carrying out transactions on multiple digital asset exchanges, you may face a huge issue of inefficient digital asset distribution, which can adversely affect your balance sheet. This situation can further expose you to the Slippage and Market Risk, as the number of assets that need to be liquidated increases. On the contrary, BASIC platform enables easy and quickly offline trading with transacting parties in BitGo, through the virtual journal swaps. This practice, in turn, eliminates the slippage and market risks.
▶ Compliance Violation
Compliance violations can be applied to the withdrawal of assets at the time of the transaction. Currently, the majority of digital asset platform companies randomly distribute assets to multiple digital asset exchanges for trading purposes. In fact, this kind of approach affects the balance sheet and can lead to regulatory compliance violations. The BASIC platform is capable of reducing market and slipper risks, whilst keeping business efficiency at the highest level, by trading with trading partners within the BitGo’s system. This, in turn, will enable you to maintain stable transactions in a quite liquid market.
▶ Legal and Regulatory Compliance Risk
Basic implements strict and thorough anti-money laundering and anti-terrorism-financing preventive measures at the level of traditional financial institutions in accordance with the Financial Action Task Force (FATF) recommendations and guidelines. This practice allows to thoroughly verify the identity of the client and to establish anti-money laundering preventive measures, which are both de facto essential factors to ensure the safety and legitimacy of the digital assets handling. To mitigate and identify in advance the risks associated with the compliance or regulation, BASIC’s legal team is staying up-to-date with the legal and regulatory compliances over the crypto assets.

Keep Updated with BASIC Platform!

Thank you for reading. If you would like to keep updated with BASIC’s activities, please follow our social media channels below.
submitted by anitamalone to thebasicfinance [link] [comments]

BASIC

BASIC is the next-generation crypto finance platform that allows lenders and borrowers from all over the world to better manage their crypto assets with enhanced capital efficiency. Today’s post will cover the Risk Management practices, that are implemented within the platform in order to establish efficient and stable ecosystem and in order to secure all the occuring financial transactions. Let us see the methodologies and tools, that are exploited by BASIC to address all the associated risks, that may occur in any given financial transaction.

BASIC’s Risk Management Practices

BASIC is actively exercising preemptive efforts in order to guarantee efficient and stable financial transactions on its platform, addressing all the associated risks, that may emerge in any given financial transaction. BASIC is applying risk management tools, that assist to alleviate all the associated risks, that can be found within this platform.

Risk classifications

▶ Volatility risk
BASIC has established a risk management system to recognize and address the high volatility of the digital assets. In the case of mortgage loans, there is always a requirement for a liquidation procedure under certain circumstances. Namely, if the market value of the collateral falls below a certain limit, you may be requested to provide additional collateral. If the requested amount of additional collateral is not stored within a specified period, the liquidation procedure will kick in and the required amount of collateral will be liquidated to secure the loan. The BASIC platform performs real-time volatility management practices. There is a tracking process of the price indexes of 6 different crypto exchanges, such as Coinbase, Bitfinex, Binance, Huobi, Bitstamp, and Kraken, where the prices of the crypto assets with an engineered volatility, placed as a collateral or borrowed as a loan in the BASIC’s platform, are tracked and based on them the LTV( Loan-to-Value) ratio is calculated. The abovementioned LTV management, hence risk management is performed by the Smart Risk Manager on an automatic basis. The volatility risk manager is currently programmed to warn and further take some certain actions at the following events and LTV rates:
The BASIC platform has a liquidity engine system. It is BitGo’s internal clearing system, which allows you to stream placed orders in real-time, and liquidate large amounts of assets at a fixed price, without the presence of slippage.
▶ Default Risk
This risk could occur independently from the LTV, and two scenarios are probable depending on the nature of the loan (Secured and Unsecured).
The default borrowing period for Basic is set to 3 days after maturity, and if there is an overdue balance outstanding on the day of liquidation, the amount of outstanding balance with a liquidation penalty added will be deducted from the collateral assets.
Once the default occurs, 100% of the borrower’s total CREDIT (credit token) is going to be exterminated. At the same time, assets corresponding to the loan amount are going to be taken out from the Basic Insurance Fund and forced liquidation will kick in to protect the depositors.
▶ Overdue Risk
If the loan interest is not paid and remains in overdue status for a prolonged period of time, the following measures will be taken.
The grace period for overdue interest is set to 3 days after maturity, and if there is an overdue balance outstanding after 3 days, the amount of outstanding balance with a liquidation discount rate (5%) added shall be deducted from the collateral assets.
The grace period for overdue interest is set to 3 days after maturity, and if there is an overdue balance outstanding after 3 days, the amount of outstanding balance shall be withdrawn from the Basic Insurance Fund and 100% of the borrower’s total CREDIT is programmed to be burned.
▶ Counterparty Risk
Counterparty risk, which is prevalent in the trading and investment areas, is the likelihood or probability, that one of the two involved entities in a transaction might default on its contractual obligation. There are two primary sources of the counterparty risk in the process of collateral liquidation. The first one arises when the counterparty cannot make the required payments according to their obligations. The second one occurs, when the counterparty breaks the terms of the contract, hence defaulting on his contractual obligation. The relationship in the financial market is built upon trust. Hence, the counterparty risk or default risk can result in an overall deterioration of the credit market and further lead to a crisis. When there is a transaction being occurred within a platform of the BASIC, BitGo operates as a third party, who secures the process of escrowing the assets of the transacting participants. This risk management practice enables transacting parties to proactively identify and control the counterparty risk at the same level as financial firms.
▶ Slippage and Market Risks
In case of carrying out transactions on multiple digital asset exchanges, you may face a huge issue of inefficient digital asset distribution, which can adversely affect your balance sheet. This situation can further expose you to the Slippage and Market Risk, as the number of assets that need to be liquidated increases. On the contrary, BASIC platform enables easy and quickly offline trading with transacting parties in BitGo, through the virtual journal swaps. This practice, in turn, eliminates the slippage and market risks.
▶ Compliance Violation
Compliance violations can be applied to the withdrawal of assets at the time of the transaction. Currently, the majority of digital asset platform companies randomly distribute assets to multiple digital asset exchanges for trading purposes. In fact, this kind of approach affects the balance sheet and can lead to regulatory compliance violations. The BASIC platform is capable of reducing market and slipper risks, whilst keeping business efficiency at the highest level, by trading with trading partners within the BitGo’s system. This, in turn, will enable you to maintain stable transactions in a quite liquid market.
▶ Legal and Regulatory Compliance Risk
Basic implements strict and thorough anti-money laundering and anti-terrorism-financing preventive measures at the level of traditional financial institutions in accordance with the Financial Action Task Force (FATF) recommendations and guidelines. This practice allows to thoroughly verify the identity of the client and to establish anti-money laundering preventive measures, which are both de facto essential factors to ensure the safety and legitimacy of the digital assets handling. To mitigate and identify in advance the risks associated with the compliance or regulation, BASIC’s legal team is staying up-to-date with the legal and regulatory compliances over the crypto assets.

Keep Updated with BASIC Platform!

Thank you for reading. If you would like to keep updated with BASIC’s activities, please follow our social media channels below.
submitted by anitamalone to thebasicfinance [link] [comments]

Attention Kraken, when "attacked" trading should be suspended.

Real markets shut down trading if shit likke this happens, and if this is in fact a DDos or just a lack of willingnes to pay for proper servers and bandwith the trades should be null and void.
If traders cant acess the site then anything that happens during that time cannot be counted.
We expect answers..
submitted by godisinthedetail to ethtrader [link] [comments]

As the 4th Bitcoin Gaining Cycle Comes, How to Maximize Your Profit and Avoid the Risks?

Background:
By reviewing the bitcoin market movements last month, the bitcoin price on Nov. 1st was $9,054. When the end of Nov came, the bitcoin price dropped to $7,318.
As the historical trend of bitcoin has gone, the bitcoin price has been through 3 cycles of gaining:

  1. From 2009.01 to 2013.04, the bitcoin price rose from $0 to $198. At the initial point of the 1st period, the bitcoin had no price, and its value was defined by Satoshi Nakamoto and other early miners. At that time, bitcoins had nowhere to trade, the early miners only could hold it. It is one of the reasons why the bitcoin price pumps or dumps sharply because the early holders can choose anytime to sell it and quit. In the middle of 2010, the first bitcoin exchanges such as Mt.Gox launched. And as exchanges like Bitstamp, Kraken and Coinbase started operating, the era of “Bitcoin Online Trading” came, and the bitcoin price had soared to $198.
  2. As the bitcoin price firstly touched $198, some of the early miners started selling the bitcoins they hold for arbitrage. When the date past 2013.07, the bitcoin price fell to $69. Then, the bitcoin price boomed to $1,000 when some of the institutions with a traditional financial background and some personal investors injected capital into the bitcoin market in the second half of 2013.
  3. In early 2014, the biggest heist of bitcoin on Mt.Gox happened urged the bitcoin price to slump. the bitcoin price did not go back to $1,000 until Feb 2017. And as the ICO projects got popular and the fork of bitcoin happened, the trading volume of bitcoins reached the peak and the price of bitcoin also reach the peak of $20,000.
After reviewing the gaining cycles of the bitcoin price until now, the corollary that we are now going through the fourth cycle.
Just as the financial history repeats itself, the percentage of holding bitcoin more than 12 months has decreased to 40%, which is similar to the situation that the last time the bitcoin price boomed to $1,000. We can easily draw a conclusion that the decentralization of bitcoin holding means that the trading demand of bitcoin is increasing. And when the bitcoin trading becomes diversified with the bitcoin finance derivatives became more and more robust, more and more financial institutions and personal investors will enter the bitcoin market. Thus, in the next period, the bitcoin price will present an uptrend in total.
So, how to achieve the benefit maximization and avoid the risk when the fluctuations happen in this period?

Hedging is definitely an important part you should plan for your bitcoin trading. With hedging work for your trading, you will avoid the risk of holding a bitcoin but the price drops in some time.
For example, 3 weeks ago, the bitcoin price decreased from $8,150 to $6,665, if you hold 1 bitcoin, then you would lose $1,485 during this decline. However, if you chose bitcoin derivatives such as futures or options to buy a contract for BTC Short, then you will save $1,458 loss when the bitcoin price dropped.
Here are two solutions I’ve mentioned above: Futures&Swap, Options.
  1. In futures trading, you can open leveraged BTC Short contracts with the principal, margins and fees. If you hold 1 bitcoin at that time, and you select the leverage in 20X, to save the loss of $1,485, you will need the principal in $400, and the margins at least 0.00024 BTC (but usually you will need to input more to prevent from liquidation). It is a useful way for you to hedge the risk of holding 1 bitcoin.
  2. In options trading, for example, if you open a 7-days put contract on BitOffer Bitcoin Options, usually it only needs around $200. Moreover, it does not request any margin and any fees.
Here is how it works:
When you hold a 7-days put contract, if bitcoin price drops from $8,000 to $7,000, you will earn $1,000 profit, and in total, your loss of the bitcoin you hold will be hedged because you earn $1,000 from BitOffer Bitcoin Options.
What if the bitcoin price rises from $8,000 to $9,000?
You will lose $200 with the 7-days put contracts you buy, but you still earn $1,000 with the bitcoin you hold.
BitOffer Bitcoin Options, the best hedging tool ever, is now the easiest and cheapest hedging solutions you can see in the market.
Ending:
With an effective hedging strategy, I deeply trust you all should be able to maximize your profit and avoid the risk even the bitcoin market fluctuates acutely like always.
submitted by SorosLamfer to u/SorosLamfer [link] [comments]

Derivative Market Landscape: Daily Trading Volume Over $20 billion and Leveraged ETF Becoming New Growth Point

Exchanges are always in the front line of innovative products. There have emerged such new products and playing methods as IEO, delivery contract, margin trading, futures, leveraged ETF, staking service, etc. since 2019, which injects vitality to the crypto-market and becomes the powerhouse for the innovative development of the blockchain industry.
Compared to the marketing/operation methods with short period effect, derivatives in cryptocurrency market is the most potent weapons that will last a long period. The derivatives are going to a higher level as its trading volume increases day by day. Therefore, the derivatives are becoming another main battlefield that every exchange want to conquer.
PAData analyzed the trading data of the top 5 exchanges with largest market shares on contracts and the 2 exchanges that first rolled out leveraged ETF, to have a look at the performance of derivatives among different exchanges, as well as the product iteration logics in crypto-market.
01
Crypto-market Mimics the Traditional Financial Market
First, the top-layer design of supervision policy makes the crypto-market similar to traditional financial market. Regulators often formulate relevant supervision policies for crypto market based on the rules for traditional financial assets and financial risks as the crypto-market is a newly born behind the traditional finance market, “For example, the licenses for the digital-asset industry often evolve from the traditional ones and become the specific supervision licenses for the industry.” said by an entrepreneur in crypto world with traditional finance background.
Second, the roles of participants in crypto market is also similar to traditional financial market. Except for the different exchanges that take up the lion share of the market, the professional broker, custody institution, loan/lending platform, dark pool, etc. have all emerged.
Third, what crypto market learns most from the traditional market is the product design. The new project subscription, futures, leveraged ETF, contract in the newly-born crypto market are all coming from traditional market. Take leveraged ETF on MXC Exchange as an example. Learned from the ETF mechanism in traditional market, MXC leveraged ETF tracks the daily movement of the crypto underlying asset with 3 times leverage. For instance, if the underlying asset rises 1%, the corresponding ETF products will rise/fall 3%. Essentially, investing on leveraged ETF is similar to purchasing futures fund with leverage. At the moment, MXC launched 3x leveraged ETF products for BTC, ETH, BSV, BNB and other top market cap coins.
Last but not the least, the derivatives, like IEO, ILO, perpetual contract are also coming from traditional market. Are these derivatives suitable for the crypto market? What are their trading volumes?
02
Differential Competitive Edge Among Exchanges
Presently, the main derivative in crypto market is contract, including delivery contract, perpetual contract and some futures contract. Besides, ETF (1x leverage) and leveraged ETF are catching up, taking up some market shares. PAData, based on the ranking list of CoinGekco, picked the top 10 exchanges with largest trading volumes on derivatives to analyze their advantages.
According to stats, 8 among 10 exchanges have business on perpetual contract. FTX, a derivative exchange, has the largest number of perpetual contracts of 30, followed by Gate.io and Binance with 23 and 18 respectively. 7 exchanges roll out delivery contract where OKEx has a total of 135, more than two times of the second place – FTX’s 60 delivery contracts. In addition, Kraken and Huobi DM also launch some delivery contracts.
As an emerging product, only 2 exchanges involve business on leveraged ETF, but the total number of leveraged ETF products has exceeded that of the perpetual contracts. FTX launched 111 ETF pairs, while MXC listed 30 as of December last year. MXC Exchange is famous for “Efficient and Fast”. It can be predicted that more leveraged ETF products will be listed in the near future.
From the allocation of derivatives among exchanges, we can see the differential competitive edge for derivatives has shaped. OKEx is robust on delivery contract, Huobi lays focus on delivery contract, Binance aims for perpetual contract, and MXC seeks development on leveraged ETF.
03
Daily Trading Volume for Contract Over $20 billion
According to the sectional static data of CoinGekco on February 12, OKEx, Huobi, BitMEX, Binance and Deribit are the top 5 exchanges with largest amount of open positions in 24 hours. The total opening positions on OKEx ranked first with amount reaching $1.846 billion. Huobi and BitMEX closely followed with amount over $1 billion respectively. These three exchanges take lions share in the contract market. While the 24h opening position amount on Binance and Deribit is about $400 million respectively, far lower than the top 3 exchanges.
The total amount of opening position for contract is one of the criteria to judge the activeness and liquidity of the contract market, the other is the daily trading volume. According to stats, the 24h nominal trading volume among 25 exchanges breaks the mark of $27.533 billion, among which the trading volume on OKEx, Huobi, BitMEX, Binance and Deribit accounts for 73%, taking most of the contract market.
Though the stats for the 24h opening position amount and the trading volume includes the margin trading, we still can learn that the contract trading volume on some exchanges is very close to that of the spot trading. It fully indicates how popular the contract trading is.
04
Maximum leveraged ETF yields up to 2000%
Although futures trading is very popular, but they are not very friendly to investors. Investors need to master some practical skills, and once the position is closed-out, the losses will be quite tragic. For example, on the evening of February 13, when BTC dropped from about $ 10,200 to about $ 10,100, according to the statistics of the contract emperor, there were a total of 13,400 accounts went close out in just 24 hours, and the total amount of positions in 1 hour reached 82.31 million. Futures have become a weapon for the capitals and make most of us look like a fool.
The high operating threshold and high risk of cryptocurrency investment have always been an important factor hindering cryptocurrencies to enter the mainstream market. In order to find new increments, the exchange has been exploring low-operation threshold, low-risk, high-yield products, this is the inherent logic and motivation for the development of cryptocurrency derivatives. For example, the leveraged ETF launched by MXC is in line with this trend. Investors can buy leveraged ETFs on MXC just as they would for spots, without paying a deposit, and without having to take the risk of liquidation. They can also receive compound interest returns. MXC also incorporates 100% of fee income into its monthly plan to repurchase and burn MX tokens, forming positive investment feedback for the exchange's internal product system.
At present, there are only two exchanges that launch leveraged ETF products on the market: FTX and MXC. According to CoinGekco's statistics, the 24-hour estimated total transaction value (USD) of the two exchanges is close to 4 million US dollars. The single-day estimated total transaction amount of each leveraged ETF product is approximately $ 3.7843 million, and the single-day estimated total transaction amount of 111 leveraged ETF products listed on FTX is approximately $ 3.9346 million.
The average daily trading volume of the top 10 trading pairs on MXC ETF product is approximately $ 320,500, with the highest daily trading volume being 3 times long BSV leverage ETF, reaching $ 529,300. The average daily trading volume of the top 10 trading pairs on FTX ETF product is approximately $ 173,900, with the highest daily trading volume being 3 times long BTC leveraged ETF, which reached $ 326,500. Excluding the impact of the number of products, the estimated daily trading volume of a single leveraged ETF product on MXC is definitely higher.
It can be found that the trading volume of a leveraged ETF with a 3x long position is much higher than that of a leveraged ETF with a 3x short position. The 10 trading pairs with the most trading volume on MXC are all 3x long trading pairs. 9 out of 10 the trading pairs on FTX are also all 3 times long trading pairs, which shows that the current market sentiment is mainly bullish.
In addition, the top ten trading pairs on MXC with the largest trading volume are mainly production reduction tokens and platform tokens, which are more consistent with the current mainstream capital flows. This reflects the best applicable scenario of leveraged ETF, that is, in unilateral or trend markets, the performance and advantages of leveraged ETF will be very obvious, and investors often can receive returns higher than the leverage multiple.
According to statistics, the highest average return [1] of the ten leveraged ETF trading pairs with the highest trading volume on MXC is 611.14%, the lowest average return is -25.8%, and the current average return is 428.96%. Among them, the 3 times long BSV has the highest return to 1998.60% on USV3L / USDT trading pair .
However, FTX's leveraged ETF returns are much lower. The highest average return of the top ten trading pairs is 141.94%, the lowest average return is -90.07%, and the current average return is -2.98%. Among them, the highest return is 3 time short BSV trading pair BSVBEAR / USD yields about 591.38%.

The leveraged ETF products of the two exchanges have huge differences in returns. In addition to currency differences, the factors that affect the returns also include the exchange's risk control system and team configuration. According to the publicly disclosed data of MXC, the leveraged ETF of MXC is managed by the platform or a fund manager recognized by the platform, and the platform announces the fund's net value in real time in order to maintain a high degree of transparency and control risks.
05
The traceability of leveraged ETF’s target has a lot of room to grow
According to statistics, the average daily trading volume of all leveraged ETF trading pairs on the two exchanges is about 21% of the spot [2] single-day trading volume, MXC is around 22.44%, and FTX [3] is around 19.96% . Although the leveraged ETF has not been available for a very long time, its market share are already become significant.
At present, the asset tracked by the leveraged ETF is still a single token. However, in the traditional financial field, the underlying assets tracked by ETF already include stock indexes, style indexes, industry indexes, commodity indexes, currencies, commodities and more. In the future, the innovation of leveraged ETF in the cryptocurrency market can be used in many assets. For instance, only at the underlying level of assets, indexes and currency combinations will all be included.
Competition between exchanges is very fierce. In this case, each exchange must not only compete for products, services, and marketing, but also for updating speed, especially for product innovation and iteration speed. For example, MXC is faster than FTX to launch some much more popular investment targets like reduced production tokens and platform tokens. In addition, in terms of the current competitive situation, first come, first served may become the norm in the market, such as the advantages of OKEx in the futures field and the advantages of MXC in the leveraged ETF field.
Data Explanation:
[1] Here the highest income refers to the instantaneous return from the daily opening price to the highest price, the lowest income refers to the instantaneous return from the daily opening price to the lowest instant price, and the current income refers to the opening price from the daily level to the closing price on February 12. Instantaneous return. Revenue statistics are for reference only and do not constitute investment advice.
[2] Although FTX is a derivative exchange, according to CoinGekco's statistics, ETFs, leveraged ETFs, and other trading pairs (non-futures contracts) are recorded as spot, so the "spot" statistical caliber here is the transactions of non-futures in CoinGekco Correct.
[3] The statistics of FTX leveraged ETFs here excludes 1x leveraged trading pairs.
submitted by SimonZhu666 to MXCexchange [link] [comments]

Regulated exchange Free2ex is proud to be a partner of Bitfinex – the longest-running crypto exchange. Here's some interesting info about our liquidity provider.

Regulated exchange Free2ex is proud to be a partner of Bitfinex – the longest-running crypto exchange. Here's some interesting info about our liquidity provider.
Bitfinex started working in 2012, when Bitcoin was worth just $10. The headquarters is in Hong Kong. As of August 2020, it's in the top-10 on CoinMarketCap with a trading volume of over $220 million a day.
Bitfinex offers margin trading, OTC exchange, and margin funding. It's also the world's leading crypto derivatives exchange. Bitfinex is a very close partner of the Tether (USDT) project, with which it has common shareholders.
By sourcing liquidity from Bitfinex, Free2ex can offer uninterrupted trading and very low spreads. By the way, we also get liquidity from Kraken and Poloniex.
On Free2ex, you can buy Bitcoin with a credit card and trade it 100% legally.
Visit us on https://www.free2ex.com/
#free2ex #cryptoassets #cryptoexchange #belarus #regulated #blockchain #bitcoin

https://preview.redd.it/0a9o9evzxcj51.jpg?width=1200&format=pjpg&auto=webp&s=60632c965cd99d1a815c750bb9ee8cdb5134208b
submitted by free2ex to u/free2ex [link] [comments]

What is going on right now?

Someone had a sell all the way down at 63.05 which had to have been a fat finger. But even still, WTH is happening to the price? We've been stuck in the mud at 88-90 for 3 days, and now we're seeing orders in the 70's. Is this someone trying to trick the bots into making mistakes? Or is this bots dumping to manipulate the price down?
submitted by Geux-Bacon to ethtrader [link] [comments]

Kraken disabled liquidations then took all my money.

Yesterday morning I spent an hour trying to close out my margin position around 60-70% to no avail. Settling the position I am told insufficient balance. Sell coins, insufficient balance. This is all in between all the usual messages about API calls and timeout errors. I simply could not get the engine to process an order. I open a ticket begging that this get resolved.
Fast forward a couple of hours and I am at 30% margin. It should be liquidated, right? Nope. I move over another $1k to cover the margin above liquidation level. Fast forward a few more hours and the position is at -10% margin. That would mean I actually OWE money! Still not liquidated.
Fast forward to around 4am this morning, the market is about to recover, and I get liquidated out of nowhere. They take about $6000 and leave me with about $400. I got a reply to my ticket this morning saying "check if you have open positions that might prevent you from closing your position."
How is this faimoral/ethical/legal??
Any options? Anyone facing the same? Is there a class-action I can join?
submitted by dragon0196 to ethtrader [link] [comments]

Absolute savagery today...wick city liquidations galore

Absolute savagery today...wick city liquidations galore submitted by mialomit to CryptoMarkets [link] [comments]

Yield Farming in DeFi — the Evolution outcome of the Crypto Industry

Yield Farming in DeFi — the Evolution outcome of the Crypto Industry

Yield Farming in DeFi — the Evolution outcome of the Crypto Industry
Yield Farming (income farming) is one of the key trends actively developing in DeFi. Thanks to this earnings strategy, the Compound project has recently taken off, ranking first in terms of the number of user funds blocked in the protocol.
The Yield Farming investment strategy, or income pharming, is to generate income from the placement of cryptocurrencies on various DeFi-platforms for crypto-lending. Before Yield Farming, the main trend in DeFi was conventional cryptocurrency deposits, bringing in 4–10% returns. However, Yield Farming can generate up to 100% annualized income.

Yield Farming is the main driver of the DeFi sector

The number of cryptocurrencies locked in DeFi (Total Value Locked — TVL) is now $2.29 billion. At the same time, over the past month, the capitalization of funds in DeFi has more than doubled, largely due to the popularity of income pharming. At the same time, the top five DeFi protocols attracted $2.1 billion in crypto assets, or 91.7% of the total TVL volume.
• Compound — $690.8 million
• MakerDAO — $644.7 million
• Synthetix — $396 million
• Aave — $192.4 million
• Balancer — $178.2 million
And the total number of users of these projects was about 230,000.
The sharp rise in interest in Yield Farming is associated with one of the new protocols on the market — Compound. Users of this platform can provide loans or take out loans in nine different cryptocurrencies, for which they receive COMP project tokens. With these tokens, Compund users can make decisions about its future development. In other words, conditional “shares” of the Compound project are distributed to those who provide liquidity to the platform, as well as to those who take loans on it. This largely corresponds to the concept of SAFG (“a simple agreement on the possibility of obtaining the right to control in the future”) as a logical development of other principles of distribution of tokens — SAFE and SAFT.

COMP for BAT

Issued daily at 2880 COMP, which is equivalent to $518,688 at a token price of $180.1. Half goes to liquidity providers, half to borrowers. At the same time, distribution is carried out to each of nine markets (BAT, ETH, USDC, USDT, Dai, REP, 0x and Sai) — to everyone who borrows or takes loans from Compound, in proportion to the interest rate, as well as to their payments for interest or income. The higher the rates for a loan or loan, the more COMP tokens are paid.
At the same time, Compound is constantly updating its token distribution rules. So, according to the latest update from July 2, COMP payments begin to be made based not on interest rates, but on the dollar value of the funds in the transaction. This should eventually lead to more use of stablecoins. For them, borrowing rates can be less than 1%, which is ten times less than for the most volatile asset in DeFi — the BAT token.
It is worth noting that until recently, Compound users received the maximum number of COMP tokens for transactions with BAT. As a result, for the period from June 19 to July 2, the volume of transactions with this asset reached $931 million, which exceeded the total turnover of Ethereum and DAI for the same period. However, another change in the rules sharply increased the volumes of DAI and USDC.

Yield Farming: Borrowing Is Better Than Lending

The changes did not affect the main advantage of Compound — the COMP tokens received by users still cover the cost of borrowing in cryptocurrencies. In other words, Compound users find it more profitable to borrow than borrow (as noted, for example, with the Tether stablecoin). Payments of COMP tokens to borrowers look like a cryptocurrency cashback for participation in the platform — this can be viewed as if, for example, American Express bank shared a small share in the share capital with users for each transaction.
This Compound policy has led to a sharp increase in loans, as well as increased income for those providing liquidity, as they also receive COMP tokens for participating in the platform. Moreover, this cashback is a plus to the interest earned on borrowed cryptocurrencies. Moreover, since borrowers receive payments on loans, liquidity providers can use their own assets to borrow more funds. As a result, their income increases and they again provide liquidity to Compound.

Not only Compound

Compound was not the only one that played an important role in popularizing Yield Farming. So, Aave makes it possible to borrow cryptocurrencies at a fixed rate, and then place them in order to generate income. Aave’s fixed rate is usually higher than Compound’s variable, which means Aave gives more income to those who provide crypto loans. There are also liquidity pools, such as Uniswap, which offer large returns (sometimes at 100% annualized rate), but with higher risks.
While the price of СOMP shows a clear downward trend (research of the Delta Exchange platform claims that this token is five times overvalued), Compound is overgrown with competitors. So, on June 22, the COMP token cost $327.82 (on the day of listing on Coinbase Pro, June 23, at the moment the cost even rose to $427), and on July 12 it was already $180.1. The fall of СOMP is noticeable, but it is worth noting that at the beginning of its emission the token cost only $16. Moreover, about 80% of COMP tokens are distributed among the top 10 addresses in Compound, and the volume of tokens in free circulation is $686 million, which corresponds to a free-float indicator of 38%. It is not high, and this will contribute to the strong volatility of COMP.
Against the background of a decrease in the cost of COMP, the Balancer platform, which provides crypto lending services from a pool of various ERC20 tokens, began distributing 145,000 native BAL tokens to liquidity providers every week. These tokens, like COMP, provide the right to participate in the management of the platform. Of the maximum possible issue of BAL 100 million, 65% will go towards payments.

Risks of Yield Farming

Despite the popularity of Yield Farming among DeFi players, this trend is not without its pitfalls. For example, Ethereum co-founder Vitalik Buterin continues to criticize DeFi, stating that “interest rates that are significantly higher than you can get when working in the field of traditional finance are either an opportunity for temporary arbitrage or are obtained at the expense of not publicly disclosed risks.”
Indeed, when using Yield Farming, the following risks should be borne in mind:
• Cryptocurrencies can be stolen from the platform they are hosted on.
• The participant may borrow too much funds in relation to the crypto deposit placed by him (trading with high leverage), as a result of which the collateral may be lost.
• The collapse of cryptocurrency rates. This factor can be realized if, for example, it turns out that some stablecoins in reality do not have the declared 1:1 collateral.
• The Compound platform will no longer reward borrowers and lenders with COMP tokens. According to the statements of the project team, the program will operate over the next four years — during this time 42% of the total token emission will be distributed. However, the site has the right to change the rules.
• Systemic risk, within which even small changes in the core principles of Yield Farming can provoke a very strong transformation of this strategy and affect its popularity.
• Scam tokens. Due to the simple asset listing system on the Uniswap site, assets such as a copy of the Balancer token, fake coins of the Curve Finance project, the DYDX token, which can be confused with dYdX, and the Uniswap Community Token, which is not related to the platform itself, appeared on it. As a result, the site issued a warning about an increase in the number of fake ERC20 tokens.

Yield Farming gives hope for the growth of cryptocurrency quotes

But how does Yield Farming affect the crypto market in general? Over the last week of June and the first ten days of July, an additional 2,430 bitcoins were added to Compound, in addition to the 170 already available at that time. The Balancer platform during the same time saw an influx of bitcoins from 126 to 1787. In total, for the implementation of Yield Farming, DeFi protocols are now more than 12,000 BTC. Potentially, an increase in the inflow of bitcoins into this sector of the cryptocurrency market can play a positive role in relation to the dynamics of the growth of quotations of the first cryptocurrency. After all, the growing popularity of Yield Farming supports interest in BTC, which is especially important given that in July, the turnover of this cryptocurrency trade fell by 31% compared to June.
Since most of the DeFi projects are based on the Ethereum blockchain and use the assets of this ecosystem, ether can potentially get an incentive for strong growth. Although the example of XRP and the development of innovations from Ripple shows that such market success is not guaranteed. It is also symbolic that the total capitalization of ERC20 tokens has reached $33 billion, exceeding the total capitalization of ether ($26.6 billion). Messari analyst Ryan Watkins, commenting on this data, said that ether has shown a very modest growth over the past two months, only 20%.
The continued growth in interest in stablecoins and the increase in trading volume with them is also driven by their popularity at Yield Farming. Along with this, stablecoins, which have long become a “bridge” between the world of classical finance and the cryptosphere, also contribute to the rapid emergence of various CBDCs on the market.

Yield Farming meets institutional investors

Yield Farming has become a natural stage in the evolution of the cryptocurrency ecosystem. However, its further destiny, like all DeFi areas, is directly related to ensuring reliable cybersecurity. This is also important from the point of view of investors who invest in infrastructure: it’s a shame, for example, that the dForce platform faced the theft of $24 million in assets, having received $1.5 million in funding from investors a few days earlier.
In this connection, venture funds from Silicon Valley are being invested in the development of infrastructure for Yield Farming. So, ParaFi is investing $4.5 million in Aave, supporting a platform that offers instant cryptocurrency loans without collateral. These are high-risk transactions for the borrower, but it is important that Aave develops further. So, it has service integration with Uniswap. Moreover, Aave became the first DeFi protocol to work with the Tether stablecoin. Plus, the platform now offers a new product — credit delegation, when a depositor can lend their assets to a specific member of the platform in a collateral-free scheme. Both parties enter into a loan agreement, which, thanks to the integration of Aave with OpenLaw, allows such a contract to be securely stored on the blockchain. In fact, this is a real exit for DeFi with Yield Farming to the classic financial market, to work with institutional investors as well.
There is also a trend towards the integration of various platforms into DeFi, which thereby help each other grow. Thus, internal tokens and “synthetic” tokens (cTokens) Compound began to be used in Uniswap. And three projects at once — Synthetix, Curve and Ren — launched a joint pool providing liquidity in the form of tokenized bitcoins.
Also in a short period of time, insurance products targeted at Yield Farming members, such as Nexus Mutual, began to appear on the market. Now the Nexus Mutual team has insured assets in the amount of $8.5 million. Curve Finance is most interested in this opportunity ($1.6 million of assets are insured). Cryptocurrencies for an average of $700,000 are also insured on the Balancer, Compound, Aave and 1inch.exchange platforms.
Yield Farming, along with decentralized insurance products, confirms the opinion of analyst Chris Burniske, who emphasized that DeFi recreates all the elements that are found in classic finance, but on a new, innovative basis. So it cannot be said that Yield Farming is a short-term trend. This segment of the cryptosphere will continue to evolve despite the decline in net margin in it, as seen in the example of Compound.
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submitted by Smart_Smell to Robopay [link] [comments]

BitMEX, PrimeXBT, or Binance: Which Margin Trading Platform To Choose?

BitMEX, PrimeXBT, or Binance: Which Margin Trading Platform To Choose? submitted by CompetitiveResolve to CryptoMarkets [link] [comments]

Kraken launches margin trading beta with 3x leverage -- feedback requested

Good news - margin trading has entered beta launch and you’re invited! If you're a Tier3 or Tier4 client, access may already enabled in your account. If you don't have it enabled, and you are Tier3 or Tier4, please submit a support ticket to request access. We'd love to get the feedback of the BitcoinMarkets community.
To create a margin order, just select a level of leverage in the 'Intermediate' or 'Advanced' order forms and complete the order as you normally do. It is recommended that you take advantage of our 'Conditional Close' feature to set up your exit at the time you open your position. Here's what the form looks like: http://i.imgur.com/BQXTl3d.png
For more details on how margin works on Kraken, please read the terms below, and see our trading guide and FAQ.
Here’s how it works:
Fees: during this trial period, your usual trade fee will be applied to the opening and closing volume of a margined position. This means that if you’re in our most preferential fee tier and you’d usually pay 0.10% for a trade, you’ll pay 0.10% to open a margin position and 0.10% to close that position. Positions open for more than 24 hours will also be charged a 0.05% renewal fee (see the “Term” section below).
Term: margin positions are good for 24 hours. After 24 hours, 0.05% will automatically be charged to renew the position for an additional 24 hours. If you wish to avoid this fee, close the position within 24 hours.
Leverage: 1.25x-3x.
Currencies: margin is currently only available on our XBT/EUR pair. We hope to open up margin trading on other pairs as those books become more liquid. Note that during the trial period only XBT, EUR and USD will be “margin currencies” - i.e. currencies that can be used as collateral for margin trading. So only XBT, EUR and USD (not GBP, JPY, LTC, etc.) will count toward your trade balance for margin trading. We plan to allow for more margin currencies soon.
Limits: during this trial period, the Tier 4 borrow limit per account is 20 bitcoins and €5,000. This means that your total volume for short positions is limited to 20 bitcoins and your total volume for long positions is limited to €5,000. The Tier 3 borrow limit per account is 10 bitcoins and €2,500. The pool of funds allocated for the exchange as a whole is 2,000 bitcoins and €500,000. The pool of funds allocated for margin is available on a first-come-first-serve basis. So, it’s possible that at times of high demand, you will have less than your account limit available. Limits will be raised after the trial period. We expect to be raising these limits upon completion of the beta phase.
Call and liquidation levels: the margin call level is 80% and the liquidation level is 40%.
No hedging: Note that you cannot have both long and short positions open at the same time. All long positions must be closed before a short position can be opened (and vice versa). But you can have multiple long positions or multiple short positions.
Opening positions: Opening a margin position is similar to executing a trade, except that when you create the order to open the position, you must select a level of leverage.
Closing positions: To close all or part of a position, you simply execute an opposing leveraged order in the volume amount you want to close. To close a long position, you execute a leveraged sell order and to close a short position, you execute a leveraged buy order. For example, suppose you buy 1 XBT of XBT/EUR at 2:1 leverage. To close the entire position, you sell 1 XBT of XBT/EUR (at any leverage). To close half the position, you sell 0.5 XBT of XBT/EUR (at any leverage). Note that the closing leverage does not need to match the opening leverage. Finally, be careful that you don’t execute a closing order for more volume than your position, since this will create a new position on the opposite side (see “Flipping positions” below).
Closing multiple positions: Margin trading is “First in First Out” (FIFO). This means that if you have multiple positions open, the position created first will be closed first. Suppose you have 2 long positions open at 1 XBT volume each. If you then sell 1 XBT (at any leverage), the position that will be closed will be the one that was created first.
Flipping positions: You can easily flip from long to short, or short to long. To do this, you simply execute an opposing order with more volume than your open positions. Suppose you have 2 short positions open at 1 XBT volume each, but you want to close these positions and go long 1 XBT at 3:1 leverage. To do this, buy 3 XBT at 3:1 leverage.
Any of the terms described above may change after the trial period in light of client feedback or other factors. If you have any questions or comments about margin, we’d love to hear from you.
UPDATE - 22/May/2014 15:00 Pacific (-8:00 UTC):
Margin now available in Germany.
Limits for Tier 3 accounts are: 10,000 EUR and 50 BTC
Limits for Tier 4 accounts are: 20,000 EUR and 100 BTC.
submitted by jespow to BitcoinMarkets [link] [comments]

Can't wait days for your deposit to be available for trading? Margin buy can help!

Let's say today I see bitcoin dropping, and I want to stack some sats!!!
But a bank transfer takes 3 to 5 days.
How do I gain exposure to the exchange rate right now?
Well, some exchanges, such as Gemini, will let me buy bitcoin without waiting for the bank transfer. I can't withdraw that bitcoin, but I at least I can get exposure to the BTC/USD exchange rate immediately.
Or I can buy immediately at some overpriced online store, or bitcoin ATM even, and get the coins today. But paying an 8% premium means even if the bitcoin exchange rate rebounds, rising by 6% by tomorrow, I am still underwater on that purchase.
Nope -- that's not ideal either.
Bu you cant, if you have the ability and willingness to expose yourself to a little risk, use margin trading to grab the BTC at the price where it is today, and then later when your fiat transaction clears, close or settle that margin long position and end up with BTC itself that you can then withdraw.
Here's an example. Today I have an account on Kraken and have margin trading enabled. I have a balance of $100 USD. I could then buy a 0.055 BTC position on margin (~$500 USD), which puts me in the position of 5:1 leverage. My $100 USD gave me $500 of buying power (5:1 can also be referred to as 5x leverage).
Then I begin my deposit of $500 to Kraken. When that's available later, I then "settle" the position. The $500 I deposited is used to settle, and I can then withdraw the 0.055 BTC (less some small fees). If if the BTC/USD price rose to $20,000 two days later, I could still settle to receive the 0.055 BTC with just the ~$500 that arrived.
The risk in doing this, of course, is that what if the exchange rate were to have a flash crash, ... e.g., down to $7,000? Well, then my margin position would have been insufficient for such an occasion, and my position would be liquidated and I would lose my $100 USD that was used as collateral.
So I'm sharing this in case it is useful to others -- especially those struggling with slow deposits using funds from their bank.
submitted by cointastical to Bitcoin [link] [comments]

Shift Report

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Mosaic tile code mixed mirage mud grout
Worm abated hook ate some fat cat’s trout
Informed when glad relate when mad great is not the worst we've had
Next quarter rates Which inflates translates to direct tabled fate
Disinformation chads dangling depart
Troublesome travel when horse pushes cart
Trojans craft driftwood regifted as art
Taken rate decision interest always is a given
Approached encroachment infringements lunged impingement I expunged
Spell manifests as living hell digests
Calcareous sponge absorbed rimstone plunge
Cookbook to serve lamb seals underhand
Sinter sauntered asunder plotting pillage of my plunder
Attack technique intervenes quoth slighted victim claims obscene
Cried mystified feeling such waste sprayed mace
Save face retrace find safety inside shrouded space
Access filter modified denied trash storage verified
Angels four spew brimstone fire scorched ingress half expected less
Trick talk turns back clock players profiles rotate roles resume
Covertly campaigned defiling my name
Creations Instigate destruction
Erupts surreptitious instruction
Bewildered heard shocked embrace loomed Gates of Hell gauge WHO won race
Military missionary hold prostrate to vaccinate
Chaotic Kronos ordered time consumed
Stow stoked fumes subsidies gave the gods room
Whilst land of the fraud is home to the knave
Babylon of living nonexistent through the golden age
Cassandra of this stage ilk ignores inklings of alarmed sage
Chicken little forebodes sky is falling
Rope a dope fades rationalisation
Brittle doth be fragile ye recalling
Loquacious news needs slews feigned of disambiguation
Mendacious or fallacious contagious be implications
Butterfly flapped wing doth not move a thing
But a gnat perhaps who's too GAD to fly
Financing is how but where is the why
Important that all patriots patronize conquesting troops
Dodge ye head stoop as pooping eagle swoops
Most dismissive uninspired missive
Perceptually far too derisive
Guiding hand not apparent visual
Missing cash flows continual residual bottom lines
Pinnochio hopes to know Which ideal conjures growth sublime
Dendrites potentially stimulate spine
Titanic torrents mist venetian blinds
Decidedly distort bilked disincline
Writhe in through chasm in awe open wide
Formless figures summon uniform pride
Dismiss discontent conveyors subside
Tributaries dispersed springs knowledge trees freeze molten ore
Splintering sparks displaced thick dark coruscate tangible floor
Cumulus clouds of primordial dust
Question our senses in sun god we trust
Sifted silts produce thunderbolts of Zeus
Oval elliptical orbits the folds tidal tendency
Blue sphere girds spoken word breathed clay Boulder Forge Company
Quality moulding is job number one
Caste mass producing consumes many sons
My duty to ensure we always run
Figured would be a piece of cake more at work than give and take
Thought this would be my big break but not knowing literally
Apprenticed construction now I maintain
Composite skill same commissioning game
Swim or wallow in Uranus disdain
I made the trade not for reward nor deemed security
Only gospel guarantee is confidence in mastery
Tasked to sit in a chair contemplate stare
Crosswords in wait for a breakdown repair
I study craves of machines which behave
Rhythmic clang links chain react percussional power set free
Insatiable harmony piques morbid curiosity
Beast belly bowel bubbles belch smelt death
To quota of product do I owe breath
Economic cauldron of corrosion
We operate Vesuvius ungodly hours breathing brine
Facilitate yon amplidyne oxygenate lavas shine
Steering eather into three cyclops cells
Myopically they motion for me when cycles in chaos my sirens knell
Lion hearted as Hephaestus take knee before crucibles hearth
Examine vitals symptoms prognosis deduce further impart
Volt amps transcend times root of three powers
Frequently electrons ebb in order
Arc bath gives rise to hot molten showers
May bring flowers demonstrate my will in accord rewards her
Athena is truth incarnate dream she is a movement
Immaculate perfection possessed no
need for improvement in her coveralls
Wert she to eaten apple I befall
Sand disseminates beneath hourglass curves she manipulates
How could I anticipate
Rapt hints had she to intimate
Roots hypotenuse squares summed pendulum
Enlightened visions profound pit this plum
On que she hooks her thunderbolts so ample in restriction
Destabilized my volts despite my amping up conviction
Magnetisms repulsive attraction
Bipolar feedback generates action
Machining floral dissatisfaction
Narcissus is spring can't this robot tool be taught anything
Recommence imaging thine vault undermined after fault
Intuit as her nuclear annihilates tumult
June accusations forced violation
Vulnerable to invalidation
Confrontations repudiation consents allegation
Placate June”s wells breached swell fore July conflagration
Use wu wei to vacate situation
But weightless behemoth ate all greenbacks
Can’t manage exit not even a crack
Inward forays shunned malfunction unknown overgrown morass
Cult of quantity all students get a pass coach seat class
God’s walled over all access to egress
Those who cannot do are experts at best
Past practise succeeds failures teach what needs
Viridescent pools dilate grey eyed dubious stressed madness
Feeling she was slighted by my passage through her nucleus
Disinterested I had disinterred
Down period Kondratieff winter
Intrinsic tragedy all fairy tales end inherently
Gave me what I wished for in a way I was not hoping for
Destiny permits paths forbade
How shallow wilt thou will wade
PCB cesspools black bile pitches glue
Smoldering sand dune trenches shore magmas excess residue
Admit this time smashing cymbals whilst cyclops wert drumming too
Keep the fantasy alive in my head
Earthquake take other route instead
Always say they never saw it coming
They did In Herculaneum still their brains steamed in their skulls
Summer solstice solace lulls lava ladles plentiful
Cumulative studies validations
Inseminate process degradation
Trying not to mention my invention
Bending toward normalcy absorption emits diffraction
Inverted perceptions withdraw inflections from emptiness
Perplexing she rejects ram intellect
Anecdotal evidence cached respect
Zip plans to stockpile cognizance combined
Designed secret punishment to circumvent I resigned
Recollect for instance cognitive lessons in dissonance
Logic accepts one view perceived of two
Pit of mine stomach whence knot always knew
Treasonous betrayed lion taming shrew
Spite cleaved interface continued dutiful onward pace
Humiliations goal wert to replace cheers with disgrace
Orchestrations untold meticulous
Malevolence is still in existence
Narrative streams unfold conspicuous
Childish bliss unscrupulous epidemic Narcissus
Invasive species multiplied since Zeus supplied his sun’s abyss
Affect change rather than effect ere cause
Gaslight obfuscates reasonable laws
Tall tales half truths edged lies by omission
Unwary reprehense motive intents of recognition
Splitting of the faculty augments a new reality
Fight freeze or flee options only three
Trials choose middle choice typically
Stockholm syndrome captors figured friendlies
Volunteer for brunt of blame acquiesced toxic shame domain
Raging stirs steroid cortisol adrenaline cocktail brain
Idealize devalue sudden discard
Benevolent dictatorship abstained
Without the faintest regret or regard
Figured she was playing me but never thought she'd try so hard
Had a little influence pummeling blacksmith into bard
Feeling flashback symptoms PTSD
Reflux acid regurgitates anxiously
Facilities shut down my apogee
Estranged entanglement is indiscriminate vicinity
Projection deflects inspection detects proffered rejection
Upon reflection I/O failed connection
Reverse detail switched doppler direction
Attacked mine tranquility enacted thine stability
Great relationships determined by good portability
Amor Fati defeat of agony
Heroic transitions affirmation
Chinks of crevasse evasive to bypass
Labyrinth strings web of deceit light and dark unlikely meet
Shadows reconnection Schadenfreude revels surrection
Maze ambled afore trapped in Minotaur
Disintegrating reintegration
Unfurled divest individuation
Emergence of self under siege August surfacing intrigues
Sun god aims retribution penetrating air dilution
Perpetrating vengeful execution
Cyclop's blindsided coming attraction
Apollo's exaction vents extraction
Redress reclaimed door discharged from mine chore
Concussions cavitations roar gaff retrieved my staff from shore
Gangplank fastened transit for deck from wreck
Embodied under mass gravitation
Nothingness consistent contradiction
In retrospect ahead investigate that Which is suspect
Chastened flaming embers titillate orange September moon
Hastened retreat not an instant too soon
Burgeoning three wave prosperity shewn
Wave five trait mimics Echo past monsoon
Perpetually parallel dramas punctual insane
Aphrodite's inception purged migraine foam seethed fire in vain
Twain hath liquidity trickled down drain
Consult oracle ogle tangent plane
Bow to stern brood tempestuous coxswain
Demurrage fee aptly sought to regain lay of way terrain
Masked my gnashing lion waves stumble as they spread before me
Mountain rubble crumbles bloodied red sea
Locusts cannibalistic commotion
Uncanny notion overt devotion
Fixed betwixt twin scorpions stings subtle by a hares degree
One longs to age as seas submit one hole subliminally
Desire loves desire more than that desired
Overtime I find wanting displeasing
Fuel to fire Aphrodite’s teasing
Symptomatically nymphomaniac releasing
Random cosmos berth patterned beyond cyclic perimeter
Doth not feel momentum ye be the tide
Volume reduced ambient limiter
Futile to resist flow fatal to ride
Impressed by the strung rope ladder of unquestioned good status
Doctors orders therapeutic regressive Hedonism
Bureaucracy forced parentalism
Founding fathers Titan nepotism
The health preventative catechism
Give only to take away to give again another day
Rewards gods some token compensation
Anyone here not get paid besides me
Red light starboard wax eared crew rendezvous
Bounded by my sacrifice to irresponsibility
None of the other prize winning
players gamble here but me
Battened down fear gauge groups psychopathy
Ever since world went into bankruptcy
Call for Panic Zeus black masked his swan song
Yarn for youthful innocence gone stick slip traction moves this throng
Tread borderline separating time providing till from when
Uneven Titans tip unbalanced ships
Dualities tune unity in trine
One thing I did learn when within confine
Whom hath desire for nothing believes doth not need anything
Misinterpretation required missing zero still a thing
Axons bemoan sequence of no return
Feeling slight injustice step forward commandeer ambition
Venus akin to mine headache just better known rendition
Under spotlight favorite position
Internally propelled by externals
Take this Autumnal equinox swear on the cross tis vernal
All the gods explicitly sing chants how lucky I must be
Bring Mordor back to toss this precious ring
Prospect she fertilized inferring seed
Open union upon Which we agreed
Karma conflates heavens gates contrived in Pandemonium
Green shoots elate consummate concerns inspire Pavlovian
Theories cosigned conspiracies maligned
Impermanence ineffably refined
Ignorance binds energy disinclined
Universal conception pride of self
love contraception
Trying to be pliable but find it reprehensible
All dispensable Great Complacent Sea
Sizing words wisely rids ostensible
Lies the only guise now found comprehensible
Prophylactic allude to didactic
Though whilst I work at chore she’s Ares whore
I snagged them embarrassingly naked afore gods before
Yellen Helen neither nor wert worth war
Bowl of wrath judgement ignored poor decor
Titans empathizing with swimming clothes
In her throws she extolled excitement being extra exposed
Far be it from she to assume joint responsibility
Exponential debt credits game theory
On that we agree tis rigged currency
Opportunistic imperialists
Propaganda grasshoppers enlist ants backbone socialist
Can't remember when gathered last had a say any matter
Other nations forfeit right to do it
Export of inflation needs conduit
Concert donates borders New World Order
Blockchain came about when drunk bartender could not reach the spout
Yahweh will control all money now they have it figured out
Waiting for my minute to be clever
Stamp my name on the gods minds forever
My switchblade really needs to cut them off
No clue what the gods know only that they need to run the show Narcissistic parasites charisma lands entitlement
Vampires nourish roots to stunt encouragement
Protocol enticing invitation
Condemnation staged cooperation
Intolerable acts left no coercive tea leaves intact
Coven of bag passing Witches gave chase across red waters
Need another nine stitches sons twixt daughters
Waiting in the balance moment of force
Hatch guillotine MRI triggered source
Soaked up dripped Wyrmwood postulated solvent tasted good
Full equilibrium half ballast set assail for malice
Octobers placid benign chilled chalice
Brain scan photocell senses light all is well
If instead bulb shows dead off with thee head
Also as a godsend bonus honed mom’s splendid jury throne
Captive chaperone audience fettered judgement chains inlaid
Skipping to a Witch hunt after masquerade
Topside upper deck on the promenade
Propellor fashion later ohm made blade
Behooved turtle jail sac tail flailed back satyromaniac
Passionate parade personifying Nature of tirade
Horney gimp hind quarters brace graced limp
Llama spitting image of Obama
Clinton's dole out cigars contribute scars
All guests in attendance dressed as promised change we forget lest
Salubrious familiar strangers grooving Harvey Danger
Politically free redundancy
Reagan closed asylums threw away key
Identity hath no cost found when lost
Consolidations vibrate quantized sinusoidal noise
Pullback hull triangulate alow by my device and Echo
Feel lonely frost amongst the other masks
Survival is appeasing to their tasks
Remember November elect Semper
Meaning faithful to all members not just only archaic
On the way to office run your head
through photovoltaic
Vanishing quickly old liquidity
Seven plagues capsized immortality
The line hath paid out to the bitter end
Too big to sail exhale replications glorification
Night zeniths elevation nadirs sun's regeneration
submitted by Zealousideal_Visual5 to u/Zealousideal_Visual5 [link] [comments]

As the 4th Bitcoin Gaining Cycle Comes, How to Maximize Your Profit and Avoid the Risks?

As the 4th Bitcoin Gaining Cycle Comes, How to Maximize Your Profit and Avoid the Risks?


Background:
By reviewing the bitcoin market movements last month, the bitcoin price on Nov. 1st was $9,054. When the end of Nov came, the bitcoin price dropped to $7,318.
As the historical trend of bitcoin has gone, the bitcoin price has been through 3 cycles of gaining:


  1. From 2009.01 to 2013.04, the bitcoin price rose from $0 to $198. At the initial point of the 1st period, the bitcoin had no price, and its value was defined by Satoshi Nakamoto and other early miners. At that time, bitcoins had nowhere to trade, the early miners only could hold it. It is one of the reasons why the bitcoin price pumps or dumps sharply because the early holders can choose anytime to sell it and quit. In the middle of 2010, the first bitcoin exchanges such as Mt.Gox launched. And as exchanges like Bitstamp, Kraken and Coinbase started operating, the era of “Bitcoin Online Trading” came, and the bitcoin price had soared to $198.
  2. As the bitcoin price firstly touched $198, some of the early miners started selling the bitcoins they hold for arbitrage. When the date past 2013.07, the bitcoin price fell to $69. Then, the bitcoin price boomed to $1,000 when some of the institutions with a traditional financial background and some personal investors injected capital into the bitcoin market in the second half of 2013.
  3. In early 2014, the biggest heist of bitcoin on Mt.Gox happened urged the bitcoin price to slump. the bitcoin price did not go back to $1,000 until Feb 2017. And as the ICO projects got popular and the fork of bitcoin happened, the trading volume of bitcoins reached the peak and the price of bitcoin also reach the peak of $20,000.
After reviewing the gaining cycles of the bitcoin price until now, the corollary that we are now going through the fourth cycle.
Just as the financial history repeats itself, the percentage of holding bitcoin more than 12 months has decreased to 40%, which is similar to the situation that the last time the bitcoin price boomed to $1,000. We can easily draw a conclusion that the decentralization of bitcoin holding means that the trading demand of bitcoin is increasing. And when the bitcoin trading becomes diversified with the bitcoin finance derivatives became more and more robust, more and more financial institutions and personal investors will enter the bitcoin market. Thus, in the next period, the bitcoin price will present an uptrend in total.
So, how to achieve the benefit maximization and avoid the risk when the fluctuations happen in this period?


Hedging is definitely an important part you should plan for your bitcoin trading. With hedging work for your trading, you will avoid the risk of holding a bitcoin but the price drops in some time.
For example, 3 weeks ago, the bitcoin price decreased from $8,150 to $6,665, if you hold 1 bitcoin, then you would lose $1,485 during this decline. However, if you chose bitcoin derivatives such as futures or options to buy a contract for BTC Short, then you will save $1,458 loss when the bitcoin price dropped.
Here are two solutions I’ve mentioned above: Futures&Swap, Options.
  1. In futures trading, you can open leveraged BTC Short contracts with the principal, margins and fees. If you hold 1 bitcoin at that time, and you select the leverage in 20X, to save the loss of $1,485, you will need the principal in $400, and the margins at least 0.00024 BTC (but usually you will need to input more to prevent from liquidation). It is a useful way for you to hedge the risk of holding 1 bitcoin.
  2. In options trading, for example, if you open a 7-days put contract on BitOffer Bitcoin Options, usually it only needs around $200. Moreover, it does not request any margin and any fees.
Here is how it works:
When you hold a 7-days put contract, if bitcoin price drops from $8,000 to $7,000, you will earn $1,000 profit, and in total, your loss of the bitcoin you hold will be hedged because you earn $1,000 from BitOffer Bitcoin Options.
What if the bitcoin price rises from $8,000 to $9,000?
You will lose $200 with the 7-days put contracts you buy, but you still earn $1,000 with the bitcoin you hold.
BitOffer Bitcoin Options, the best hedging tool ever, is now the easiest and cheapest hedging solutions you can see in the market.
Ending:
With an effective hedging strategy, I deeply trust you all should be able to maximize your profit and avoid the risk even the bitcoin market fluctuates acutely like always.
submitted by Bitoffer_Official to BitOffer_Official [link] [comments]

Is Kraken good when the market is collapsing?

Yesterday when the market started collapsing, I tried to rush and sell all my bitcoins on Kraken with the intention to buy back when the market stabilizes again. I submitted my sell order by selecting my full bitcoin amount for sell. After few minutes I noticed that the order was cancelled. This happens apparently because when I sell everything, nothing is left for Kraken to takes its fees from. So, I had to calculate and subtract the 0.26% fees from my bitcoins and put only the reminder for sell, and my order went through this way. By the time I figured out that my first order was cancelled, did my calculation and placed my new order, the market was already down by a great deal. I think it would make more sense for Kraken to subtract the fees directly from the order amount like many stock exchanges do, meaning that when I put X amount of bitcoins for sale, Kraken should automatically take its fees out of X before sale.
Another issue I had during the market collapse is that I had to stick to my computer at work to watch what's going on and take action when I feel necessary. This is because Kraken does not have a mobile app I can use when I am outside. The browser-based pro trader is not usable on a mobile device as it's not mobile friendly. I hope they come up with an app soon.
Thoughts?
submitted by medali_k to BitcoinCA [link] [comments]

Kraken has started preventing withdrawals

According to various tweets: https://twitter.com/search?q=krakenfx&src=typd multiple people can't withdrawal from Kraken. I too have everything (everything left) from yesterday's attack blocked.
They are either finding the culprit or a solution (that's the least expected) or the end is nigh for this exchange and they run away with what was left.
submitted by strange_tangent to ethtrader [link] [comments]

To those of you who lost 90%+ of your stack...

If you read the GDAX update, you know you're not getting your money back. This is for those with their stomach dropping as they realize that so much of their principle and gains (if not all) is now gone: take the day off from work; call in sick and grab a drink. Vent to a friend.
I remember that stomach-drop feeling after I sold my 2k ICO ETH for less than a dollar about two weeks before it began its climb to $6 (I had no more fiat reserves to buy back in). I remember that feeling after I traded my hard-earned 750 eth (regained over a year after I sold the 2k) for ICN to make a 'quick return' about a week before it climbed to $30...then $50...then you know the rest. I remember that feeling from about 3 weeks ago when I accidentally sent about 100 ETH to a bad address.
But life goes on. It's not over. Crypto is still a baby. Ya know one time in head-to-head poker I was down over 90% of my stack--the other guy thought he had it in the bag and then I came back and won. Ya know how? Patience. Waiting for the right moments to go all-in.
I am thoroughly convinced that you can take a small sum of money today: a thousand dollars or less, do your due diligence in upcoming projects like Cosmos, Polkadot, Tezos, and others for ETH-like future returns. There will be so many more opportunities to ride the wave up. Buy it and forget it; don't try to trade it and you will be pleasantly surprised in a couple years. I guarantee it. That 2k ICO ETH I told you about a few paragraphs above cost me $550.00.
There will be more black swan events that cost the entire ETH market 70%+ of its price tag. There will be more coins and tokens that trade for $0.20 today or at ICO which will go up thousands of percent in the future.
Good things are ahead. You didn't miss out yet. Take a break and take a breath. Then start over. Good luck.
submitted by ThePedeMan to ethtrader [link] [comments]

How Leverage Can Help With Bitcoin’s Price Discovery

How Leverage Can Help With Bitcoin’s Price Discovery


Article by Coindesk: Sebastian Sinclair
Bitcoin (BTC) is like any other asset class in that it captures value through organic price discovery conducted via trading activity on global exchanges.
Yet leverage and margin trading, in general, can help “turbo-charge” demand for an asset. They can also free up capital, thus increasing liquidity within a given market as traders look to use their capital elsewhere.
It’s an investment strategy of using borrowed money for the use of various financial tools to increase the potential return of an investment.
It’s also an efficient use of trading capital, valued by professionals because it allows them to trade large positions without committing 100 percent of their capital to a risky spot position.
For example, a trader that wanted to buy a thousand tokens at $1 apiece would only require a $100 of trading capital, depending on the leverage used, thereby leaving the remaining $900 available for additional trades.

Why leverage matters for bitcoin

Often touted as the most liquid cryptocurrency asset available, BTC benefits from leverage and margin trading activity by allowing investors and traders to lock in a position while maintaining a portfolio of other cryptos. It also provides professionals and retail investors with additional tools to capture value in the crypto market. In effect, greater demand on the asset class vastly improves the potential for more accurate value capture through organic price discovery.
Participating in a live panel discussion at Invest: ASIA in Singapore, Lennix Lai, financial market director at OKEx told Coindesk:
“If you can only buy or sell particular underlying tokens of bitcoin and you don’t have the capability to short, basically speculate in another direction, then the market would be a lot more volatile because it would be entirely driven by sentiment.”
“For example, you can view bitcoin as being much more volatile before CME Futures were introduced … so we should have more financial instruments like options to assist further in the price discovery process in relation to volatility,” he said.
Greater access to capital means greater liquidity, without actually increasing the number of traders in a given market. It provides a means for increasing capital inflow without attracting any new money.
And while the total market capitalization of the crypto market has been on the slide alongside declining total volume, the pressures from a bear market can be offset through leverage and margin trading.

What’s the risk?

Of course, the rewards don’t come without inherent risks, as a loss can lead to the liquidation of a trader’s capital and force spot prices lower. Such an event recently took place in BTC’s futures market on Sept. 24 triggering a “long squeeze“.
If the cryptocurrency underlying a trade moves in the opposite direction to what was expected, leverage can greatly amplify the potential losses. To manage the risk associated, traders usually implement a strict trading style that includes the use of stop orders and limit orders designed to curb potential losses.
Also speaking on the panel in Singapore, Sunny Ray, head of global business development at the Kraken crypto exchange, explained how exchanges protect themselves from that risk:
“If there’s a lot of volatility in the market, if the value of the asset drops below 20 or 30 percent, there is something called a margin call that takes place where a company will actually liquidate the customer’s assets to cover some of those losses.”
There are currently eight major exchanges that offer the ability to leverage crypto, with several others offering margin trading accounts such as Kraken, Binance and Deribitm, while Bakkt’s release of its futures product on Sept. 23 adds to the opportunities for more authentic price discoveries.
Disclosure: The author holds no cryptocurrency at the time of writing.
Bitcoin image via Shutterstock
submitted by GTE_IO to u/GTE_IO [link] [comments]

Flash Crash on Kraken this morning. What the hell happened? If this was price manipulation someone lost a lot of money...

Flash Crash on Kraken this morning. What the hell happened? If this was price manipulation someone lost a lot of money... submitted by ethfiend2064 to ethtrader [link] [comments]

Margin Trading Bitcoin on Kraken How To Sell Cryptos Short On Kraken And Why You Should Be Doing It! Margin__How to Margin Trade Long or Short on Kraken Exchange! How to use Kraken: Tutorial An Introduction to Margin Trading on Kraken  The Moloko

as i can see in my kraken dashboard my position liquidated and closing sell orders started at 60$. Why so? it was 34 % drop in price and that momemt margin level still was 195 % far far away from margin call 80% and liquidation level 40% WTF??? Liquidation must be started at ~50$ price because then margin level would be ~42%. Margin liquidation level on Kraken is 40%, meaning that if the margin level gets below this threshold the exchange will automatically close all open positions. It is important to understand that liquidation can happen at any point between the margin call and margin liquidation levels if the exchange deems that necessary. The Kraken Margin Product has been designed to protect the integrity of the Kraken Margin Pools for the benefit of all Kraken clients. The goal behind building in self-executing triggers ( liquidations ) is to preserve the Kraken Margin Pools so that our assets remain available to all Kraken clients. Buy, sell and margin trade Bitcoin (BTC) and Ethereum (ETH) in exchange with EUR, USD, CAD, GBP, and JPY. Leveraged trading on US based Bitcoin and Ethereum exchange. The Kraken Support FAQ says that once your margin level falls below the margin call level, which "may be roughly estimated to be around" 80%, some or all of your positions may be closed at their discretion. It also says that at the margin liquidation level, which is 'roughly estimated to be" 40%, all your positions will be automatically closed.

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Margin Trading Bitcoin on Kraken

Learn how to Margin Trade Bitcoin on Kraken. Robert Kiyosaki: Market Crash is COMING!! How To Get Rich + Buy Gold and Silver Rich Dad Poor Dad - Duration: 51:52. I LOVE PROSPERITY 253,436 views A quick tutorial on how to open margin positions on Kraken Exchange. Enjoy! ... TOP 5 Day Trading Beginner Mistakes to AVOID - Duration: 15:40. Humbled Trader 736,170 views. A quick tutorial on how to use Kraken's trading interface to trade with leverage. Kraken is a top 3 centralized cryptocurrency exchange located in the United States with 10 Trust Score. We’ll cover a bit about why going short is an essential tool for any cryptocurrency trader, what going short really is and how it works (more on margin calls, leverage, and liquidation coming in ... This is a quick tutorial on how to use the Kraken cryptocurrency exchange. It's my personal recommendation and one of the cheapest and easiest to use, with the least amount of restrictions and hassle!

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