Disliked{quote} I see bitmex is not allowed in US. Not sure about deribit. Just starting my research on my own and looking to get started learning about, trading and investing in crypto space. Not clear the best direction to start out.Ignored
- #22
- Aug 5, 2019 3:17pm Aug 5, 2019 3:17pm
- Joined Jan 2009 | Status: LFG ROSS | 1,777 Posts
Gemini seems like it might be the best option.
If I'm going to be trading in a new-age financial system, which is totally detached from the current system of banking, regulation, money laundering rules, fiat currency, etc etc, why use a broker who is embedded in the current system? The only reason I can come up with is counterparty risk (ie saftey of funds), but my account won't be big enough to worry about that.
So to be exact, I'm looking for an exchange that gives me some leverage, and only requires a username, password, and some crypto to deposit. Any help is appreciated!
Looking into them!
Are you trading with them TMR? Any comment on their service?
- #23
- Aug 5, 2019 3:33pm Aug 5, 2019 3:33pm
- Joined Jan 2009 | Status: LFG ROSS | 1,777 Posts
Signed up for Bitmex, but they wouldn't let me trade because they "think" I'm a US resident.
Looked like it would be the same situation with Deribit, so I fired up the proxy and I was able to set up an account with no problems.
Should have some money deposited today.
Btw, they say they give you 100x leverage.
Looked like it would be the same situation with Deribit, so I fired up the proxy and I was able to set up an account with no problems.
Should have some money deposited today.
Btw, they say they give you 100x leverage.
- #24
- Aug 5, 2019 5:43pm Aug 5, 2019 5:43pm
- Joined Jan 2009 | Status: LFG ROSS | 1,777 Posts
Deribit account is funded. Never before have I funded a trading account in under a day. 
I realize I just sent my money to the wild west, but still.
I realize I just sent my money to the wild west, but still.
- #25
- Aug 5, 2019 5:59pm Aug 5, 2019 5:59pm
- Joined Jan 2009 | Status: LFG ROSS | 1,777 Posts
OK I think I have a position. 
Maybe I'm missing something, but this platform doesn't want to show me the bid/ask for some reason. It's like you have to toss your order in without knowing exactly where the market sits.
I also find this "Est Liq Price" thing really weird. It's the price at which they will liquidate your position... or in trading terms, it's the price at which you get margin called. Says a lot about this platform that they make that number so prominent. I've never seen a trading platform that even told me my margin call price, let alone highlight it like that.
I guess the crypto world is making up their own trading culture.
Maybe I'm missing something, but this platform doesn't want to show me the bid/ask for some reason. It's like you have to toss your order in without knowing exactly where the market sits.
I also find this "Est Liq Price" thing really weird. It's the price at which they will liquidate your position... or in trading terms, it's the price at which you get margin called. Says a lot about this platform that they make that number so prominent. I've never seen a trading platform that even told me my margin call price, let alone highlight it like that.
I guess the crypto world is making up their own trading culture.
- #26
- Aug 5, 2019 9:21pm Aug 5, 2019 9:21pm
- Joined Feb 2016 | Status: Full Time Trader. | 5,429 Posts
4&1 All Time Profit:
$37,496
- #27
- Aug 6, 2019 1:49am Aug 6, 2019 1:49am
- Joined Jan 2009 | Status: LFG ROSS | 1,777 Posts
{quote} So the logic then suggests buying into dips and looking to hold?
I'm doing well so far, despite the weird trading platform.
- #28
- Aug 6, 2019 2:12am Aug 6, 2019 2:12am
- Joined Feb 2016 | Status: Full Time Trader. | 5,429 Posts
{quote} I've only started playing around with short term trading, but I can't see doing anything but buying this market. It's a rocket ship right now.
So long as you're bagging pips sir
4&1 All Time Profit:
$37,496
- #29
- Aug 6, 2019 2:17am Aug 6, 2019 2:17am
- Joined Jan 2009 | Status: LFG ROSS | 1,777 Posts
So Crypto Craft is attributing this spike to PBoC. 
https://www.cryptocraft.com/news/938...ulate-currency
https://www.cryptocraft.com/news/938...ulate-currency
- #30
- Aug 6, 2019 2:18am Aug 6, 2019 2:18am
- Joined Jan 2009 | Status: LFG ROSS | 1,777 Posts
{quote} Lol which trading platform is that......how are the spreads on it....cause the spreads on my mt4 broker linked account are somewhat high...... So long as you're bagging pips sir
And yeah, definitely wouldn't trade cryptos through CFD. Why do it when you can trade spot so easily with these shady exchanges.
BTC: Price: $11,770 | MCAP: $211 billion | 24-Hr Volume: $23.59 billion
Short-term trend: Bullish
Bitcoin has pulled back from one-month highs above $12,300 seen earlier today and could drop further toward to the 50-hour moving average.
The dip, however, could be short-lived, as the daily chart is reporting bullish conditions. For instance, the cryptocurrency invalidated a bearish higher lows pattern with a convincing move above $11,120 on Monday.
The key daily chart indicators like the relative strength index and the moving average convergence divergence (MACD) histogram are also reporting bullish conditions. Further, the 5- and 10-day moving averages (MAs) are trending north.
The bullish case would weaken if prices find acceptance below the ascending 10-day MA, currently at $10,545.
Long-term trend: Bullish
Bitcoin snapped its five-month winning streak with moderate losses in July. The bullish structure on the long-term charts, however, is still intact.
The 5- and 10-month moving averages continue to trend north, indicating a bullish setup.
The 3-day chart, the 50- and 200-candle moving averages (MAs) have produced a golden crossover, the first since Feb. 3, 2016.
The long-term bullish outlook would be invalidated only if prices print a UTC close below the 200-day MA, currently at $6,417.
Short-term trend: Bullish
Bitcoin has pulled back from one-month highs above $12,300 seen earlier today and could drop further toward to the 50-hour moving average.
The dip, however, could be short-lived, as the daily chart is reporting bullish conditions. For instance, the cryptocurrency invalidated a bearish higher lows pattern with a convincing move above $11,120 on Monday.
The key daily chart indicators like the relative strength index and the moving average convergence divergence (MACD) histogram are also reporting bullish conditions. Further, the 5- and 10-day moving averages (MAs) are trending north.
The bullish case would weaken if prices find acceptance below the ascending 10-day MA, currently at $10,545.
Long-term trend: Bullish
Bitcoin snapped its five-month winning streak with moderate losses in July. The bullish structure on the long-term charts, however, is still intact.
The 5- and 10-month moving averages continue to trend north, indicating a bullish setup.
The 3-day chart, the 50- and 200-candle moving averages (MAs) have produced a golden crossover, the first since Feb. 3, 2016.
The long-term bullish outlook would be invalidated only if prices print a UTC close below the 200-day MA, currently at $6,417.
Money = Labour coupons
- #34
- Aug 6, 2019 9:36am Aug 6, 2019 9:36am
- Joined Dec 2015 | Status: Trader | 1,505 Posts
Hello Friends...I thought i might join your thread...You'll have to forgive me however. I am new to bitcoin, but NOT to trading. I have noticed we are sharing charts here and I thought I'd share my most recent trade. My usual tools don't seem to work on BitCoin, because I use volume heavily. So I am back to price action. lets see how it goes....I'm short. (demo only for me this market is absolutely new to me) 
I have another short pending for a retest of the most recent top...we'll see...I'm kinda blind here.
I have another short pending for a retest of the most recent top...we'll see...I'm kinda blind here.
@xxxx§|[::::::::::::::::>
- #36
- Aug 6, 2019 11:59am Aug 6, 2019 11:59am
- Joined Feb 2016 | Status: Full Time Trader. | 5,429 Posts
{quote} Deribit. I haven't even tried to make a withdrawal so don't take my lead.
4&1 All Time Profit:
$37,496
- #37
- Aug 6, 2019 1:59pm Aug 6, 2019 1:59pm
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
Can you afford to take that chance?
- #38
- Aug 6, 2019 2:35pm Aug 6, 2019 2:35pm
- Joined Feb 2016 | Status: Full Time Trader. | 5,429 Posts
4&1 All Time Profit:
$37,496
- #39
- Aug 6, 2019 2:43pm Aug 6, 2019 2:43pm
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
Can you afford to take that chance?