Bitcoin exchanges have difficult times in the USA. In a lot of cases, strict regulatory requirements ensure that crypto and blockchain companies censor themselves from making their platforms accessible to Americans. This is also the case with BitMEX – at least that’s what people thought – up to now. Bloomberg Report About CFTC Investigation The […]
Author: Cryptonator1337
The Art of Liquidation: Part IV – The Invisible Tentacle of the Markets
Welcome to “The Art of Liquidation: Part IV”. In the last few episodes we learned how various crypto derivative exchanges handle extremely large liquidations, which are potential threats to the market. OKEx and Poloniex socialize the losses, Bitmex has an insurance fund that has become systemically relevant itself due to its sheer size. What is […]
Bitfinex Will Roll Out x100 Margin Trading
Bitfinex will roll out x100 margin trading for Bitcoin. In the whitepaper on Leo, Bitfinex’s own crypto currency, under the heading “Upcoming projects” there was already a hint that from June 2019 trading would be supported with a leverage of up to 1:100 for “selected customers”. Now Bitfinex’s CTO Paolo Ardoino has added to Twitter, […]
Bitcoin in Numbers – Statistics And Facts About The Cryptocurrency No. 1
In the world of cryptocurrencies and especially to Bitcoin there are many interesting facts, statistics and numbers. This is due to the fact that it is a public ledger in which all relevant data about transactions, mined coins and wallets are publicly available. In this article we take a look at a selection of these […]
The Art of Liquidation: Part III – The BitMEX Insurance Fund
In the last two episodes we learned that some exchanges tend to socialize losses from big liquidations. The traders on the exchange have to take a haircut, the loss is carried by many shoulders and the exchange can keep on operating. That works, but it is not fair. Users that have not caused the loss […]
Bloomberg Rival: “Eikon Terminal” To Deliver Access to BitMEX’s Derivatives Data
When it comes to institutional investors there are still a lot of hurdles for some of them. E.g. the data feeds, something like the Bloomberg terminal in addition with cryptocurrency data. Since Bloomberg does use some data, like the TOP10 of Huobis price index, but not much more, it is a serious weakness of their […]
BTX500: Bitcoin from $8800 to $85,000 to $6 With Enabled x500 Leverage
Bitcoin leveraged trading is risky. Very risky. But what happens when there is an exchange enabling their customers to trade Bitcoin with x500? Well, BTX500 “tested” this and the results where pretty clear: As loomdart reported on Twitter the price there went from $8800 to $85,000 to $6 within a matter of minutes. BTX500 claims […]
Suicide of Chinese Bitcoin Trader After Losing 2,000 BTC on x100 Leverage
A big story this week was the suicide of a Chinese Bitcoin trader who traded on x100 leverage and is assumed to lost 2,000 BTC through his trading according to 8btc. They reported that the trader, Hui Yi, lost this amount after going short. He was co-founder and CEO of the analysis platform BTE.TOP and […]
Bitcoin Trading & Market Psychology
Emotions And High Volatility = Problem The main problem with somebody who begins to trade in any asset-class is that there is no experience beforehand. No one is born the perfect trader; every successful one made a lot of mistakes and most of these mistakes are probably based on irrational actions caused by emotions. This […]
The Art of Liquidation: Part II – The Polo-$CLAM-Chowder
If an asset is very illiquid this can lead to great volatility. The order books are thin and medium or even small market orders move the market. Everybody who tried to accumulate microcaps before knows how difficult it is to build or dump a position that is bigger than the orderbooks. With microcaps already small […]
