Trading Bitcoin on margin is shitty - the swap is killing the profits
In recent days I have negative swap ("financing") on my short positions. On 1fox it's up to 0.3% per 12 hours. On some platforms there is a 0.2% per 24 hours negative swap for long and for short positions (the broker is taking from both positions). Sometimes the swap is paid by short positions, sometimes by long. There are months that overall swap is near zero, but some months longs or shorts pay more (double digit percent per month!). This makes trading Bitcoin and other crypto on margin very shitty. When the market is clearly bullish long positions pay high swap that eats big chunk of the profits. In clearly bear market it is the opposite - short positions pay high swap. Compare this with EUUSD swap rate (0.0025262% daily positive swap for short positions, 0.00715765% negative swap daily for long positions - the rates differ on different platforms, this is just an example). I made some math with data from BitMex. For 14th, 15th and 16th June the swap is 0.7601% (shorts pay longs ) - it's about 0.25% per 24 hours. Compare this with EUUSD swap. For last 100 periods (one period is 8 hours) the swap is 0.5743% (shorts pay longs). Which is not that bad. However, there are months when the swap is double digit percent. Data sources: https://1fox.com/trade/#stats-funding-rates https://www.bitmex.com/app/fundingHistory
[uncensored-r/Bitcoin] I quite: Lost all my life savings trading Bitcoin on margin
The following post by BubbleTrader01 is being replicated because the post has been silently greylisted. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7qtrjr The original post's content was as follows:
[uncensored-r/btc] I quite: Lost all my life savings trading Bitcoin on margin
The following post by BubbleTrader01 is being replicated because the post has been openly removed. The original post can be found(in censored form) at this link: np.reddit.com/ btc/comments/7qv8q1 The original post's content was as follows:
I’m in deep shock as all my life savings have been whipped out after the recent sell off in the market. Since I come from a really poor country from Eastern Europe I didn’t had quite a lot of money so trading cryptocurrencies on margin was quite appealing at that time. Now I have lost everything. I couldn’t even sleep as the current sell off was developing and now I’m in deep pain and I can’t really believe what just happened. Maybe if I could have just bought ripple when it was trading at $0.25 today’s story would have been different but Bitstamp never got to verify my account not even to this day. Guys, I really need help I’m not sure how the blockchain works but is there any way I can reclaim at least my initial investment. Can anyone help me how to do this? I can’t think of anything else right now but I desperately need to recover my money. This is my bitcoin address: 3AXdGepnMwScie8WEm4xs86NdxqXi6BKxC Thank you in advance!
I traded bitcoin at margin on a simulated exchange... if I did well does that mean I can do the same thing with real money?
I turned 1000 USD to 12000 USD in less than 2 months (not real money) by trading BTC at 20x margin on a simulated exchange. My question is basically, will the same trading strategies work on Bitmex or some margin allowing exchange if I use real money? Also, I cant find any crypto exchanges that allow margin trading in the U.S.
Bitfinex Increases Maximum Leverage on Margin Trading for Bitcoin, Ethereum, Litecoin and XRP
We have increased maximum leverage on margin trading for bitcoin, Ethereum, Litecoin and XRP! Today, XRP to US dollar (XRP/USD), XRP to bitcoin (XRP/BTC), bitcoin to euro (BTC/EUR), bitcoin to Tether (BTC/USDt), Ethereum to Tether (ETH/USDt), and Litecoin to US dollar (LTC/USD) can be traded with a higher maximum leverage of 5x. Find out more at https://www.bitfinex.com/posts/458
@cz_binance: Hope u had a good holiday. Binance teams didn't skip a beat on bitcoin's 11th birthday. In the last 24 hrs or so: - Futures released Isolated Margin - 6 trading pairs for EUR - A new Android version 1.17.0 grey released - A new version of iOS v2.6.0 submitted to App Store 1/2
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What is Bitcoin Margin Trading? Bitcoin margin trading, in simple words, allows opening a trading position with leverage, by borrowing funds from the exchange. For example, if we opened a Bitcoin margin position with a 2X leverage and Bitcoin had increased by 10%, then our position would have yielded 20% because of the 2X leverage. Use margin responsibly – Margin trading, lets you trade Bitcoin with more money than you actually have. This means you can make gains faster, but it also means you can lose money faster. Another benefit of margin trading cryptocurrencies with Kraken is that we offer extremely competitive fees. Depending on the currency pair you’re looking to leverage, we’ll only charge up to 0.02% to open a position and up to 0.02% (per 4 hours) in rollover fees to keep it open. This value, when combined with our deep liquidity across all of our markets, means that you’ll be able to Margin requirements for bitcoin futures is an initial intraday amount of $16,562, with the same amount required for initial overnight positions plus a maintenance margin of $13,250. Bitcoin margin trading is one of the most popular ways for digital asset traders to bet on the price of bitcoin. However, it is also one of the easiest ways to lose money trading bitcoin. In this guide, you will learn what bitcoin margin trading is, how it works, and what platforms you can use to trade bitcoin using leverage.
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