Margin Trading Cryptocurrency | Germán López

How and why exchanges are manipulating the price in order to capitalize on the new market dynamics

The current market seems to be largely driven not by organic buying and selling, but by exchange driven manipulation of the spot market to exploit the current dynamics of leverage trading. We just saw it again now as they liquidated 3K longs but you can see this pattern of clear manipulation over and over in the last few weeks .
We have seen several forces set an incentive for exchanges to do this:
Some exchanges like Gemini have reacted to all of this by increasing their trading fees by 400%. Meanwhile Bitfinex specifically seems to be using its hefty weight to manipulate the price in order to capitalize on the record number of people using margin to bet.
Both longs and shorts are bets on the price moving up or down and they have a "liquidation price" at which they get liquidated by the exchange, essentially the exchange gets the entire stack they bet with and extracts a high market fee multiplied by the leverage. Since the exchanges know the characteristics of the outstanding shorts/longs, and since volume is low after these pumps or dumps leading to sideways drift, they can essentially engineer movements in price that create income in terms of liquidations. When there are lots of overleveraged shorts, an exchange can pump the price with bots briefly and collect the short position. Same with longs but in reverse, a quick burst of selling pressure.
You can see this in the most recent pumps too on Bitfinex, where 1K buy orders appear out of nowhere after long sideways movement only to be followed by either sideway movement or slow bleed on pathetic volume:
https://i.imgur.com/3YaWVBI.png
https://i.imgur.com/pvpcd7Z.png
Take a look at the most recent pump up to 7K, it instantanously liquidated about 700 short positions:
https://i.imgur.com/3sCLEB8.png
Now this last dump was a laddered 12.5K sell order on Bitfinex that liquidated around 3K long contracts
https://i.imgur.com/znYyUT8.png
Bitfinex tends to be where the big money traders move (their minimum deposit is 10K) so even if each long position was only 0.5 BTC on average they exchange would make a ton of money. If you look at the BitmexRekt twitter feed that shows a running list of Bitmex liquidations with humorous commetary, you will see many >$1 million dollar positions being liquidated during these moves.
This is what all the "Bart" formations we have seen stem from. Its not George Soros pumping Bitcoin for shits and giggles, nor is it the nebolous "whales". They have no incentive to try and pull off PnDs now that it only leads to either sideways movement or decline after the pump. A PnD only works if the delta between the top of the pump end point and dump initiation point is positive, while now it seems to be followed by sideways movement. Those who do want to bet on further upward movements seem to be doing it off the spot market, using margin with futures and perpetuity swaps on Bitmex. This makes the low volume spot market ripe for manipulation, exchanges like Bitfinex and Bitmex have every incentive right now to manipulate the price.
Looking back it seems almost inevitable that this would have happened, that traders would try to replicate the gains they saw by buying and selling on the spot market a few months ago by using increased leverage and derivatives. In December and January there were days where your holdings would increase by at least 20% no matter what you bought. Once you experience those 20% daily gains you don't want to go back to a market where it slowly bleeds down a few percent every week, so people jumped in on high leverage short positions to multiply their profit on those single percent moves down.
For the small time investor there really isn't much you can do to stop this. This is what being part of an unregulated market means, it means that things like wash trading and long/short liquidation hunting is allowed.
All you can really do if you're a trader is look at the current ratio of longs vs shorts on Bitfinex and be aware that once short contracts become too high its possible that an exchange may pump the price to profit on it, while if the longs become too dominant we may see a dump.
Edit: Bitfinex, not Bitfenix.
submitted by arsonbunny to CryptoCurrency [link] [comments]

Bitcoin Cash: A Reflection on How Far We’ve Come

On August 1, Bitcoin resumed its original roadmap, scaling on-chain towards global adoption as Peer-to-Peer Electronic Cash.
It’s been just 3 and a half months since Bitcoin Cash broke away from BTC in order avoid a software mutation called Segwit, and to restore progress and growth to the ecosystem.
After a recent price rally that saw us reach 0.5 BTC ($3000), the reality is setting in that an overnight ‘flippening’ scenario that some people hoped for is unlikely, and that we have a longer road ahead.
It’s really important to remember how much has been achieved in such a short time.
Let’s take a moment to reflect on how far we’ve come as a young community.
July:
August:
September:
October:
November:
This rate and scale of industry adoption is unprecedented.
With every BTC holder receiving an equal amount of Bitcoin Cash, and with the price over $1300, the rate and scale of user adoption is unprecedented.
With fast, reliable transactions and fees that are less than 1 cent, and with both BitPay & Coinbase hinting at a full Bitcoin Cash integration, the rate and scale of merchant adoption will be unprecedented.
With unprecedented industry, user and merchant adoption, it’s only a matter of time until Bitcoin Cash becomes the default medium of exchange and store of value cryptocurrency.
The old Bitcoin is back. You can feel it. It’s the resurgence of a grassroots movement not seen for years. People are putting Bitcoin Cash posters in the streets, handing out leaflets, tipping strangers a few dollars online, and asking in forums how they can contribute to the community.
Just in the last couple of days a ‘Bitcoin Cash Fund’ was established, to assist with marketing and projects. The initial goal was $200 to make a short animated advert, but over $17,000 has been donated already. All of this positivity and energy is inspiring.
While businesses are being forced to abandon BTC due to exorbitant and skyrocketing fees (upwards of $10), they’re being cheered on every day as they embrace Bitcoin Cash.
The original vision is still alive. As an early bitcoiner, I’ve never been more optimistic.
Make sure you involve yourself in the community, we’re just getting started :)
Reddit: BTC or BitcoinCash
Twitter: twitter.com/BITCOINCASH
Website: bitcoincash.org
Dev: Mailing List
Also posted on Yours: Bitcoin Cash: A Reflection on How Far We’ve Come
submitted by cryptomic to btc [link] [comments]

Margin trading and exchange manipulation

Context

Bitstamp:BTCUSD 5m
Bitcoin saw a huge price spike today of $1100+ within the span of 45 minutes. (One of) the biggest derivatives exchanges, Bitmex, saw as much as $0.6B of trading within the hour, with Bitfinex also seeing 38k Bitcoin (~$280M) trading in the same 1h period.
I've seen a lot of theories going around recently relating to exchange manipulation and stop loss/ liquidation hunting by exchanges and I think its best to look into how margin trading works and the issue with some of the claims, along with today's dramatic events.

Margin Trading and Derivatives Explained

As Bitcoin trading has developed, there have been more and more offerings of margin trading by exchanges, allowing people to borrow value to trade with, to amplify profits (or losses) before repaying the loan at a later date. Many traders use this to make different strategies more viable, such as scalping or swing trading. As well as its use for leverage, margin/ derivatives also allow shorting. This gives the opportunity to trade the decline of a market rather than having to sit in cash and wait. So how does it work?

Spot markets

In a spot market, the underlying assets that are going to be traded have to be borrowed during the trade and paid back (with interest) to the lender once the trade is closed. Exchanges such as Bitfinex manage this through a Peer to Peer lending system, where the loan is provided by other users on the platform.
The exchange has to ensure that the loan will always be paid back to the lender, as such, positions have a liquidation threshold. If the value of the traded asset were to swing too far against the trader, their account wouldn't have sufficient funds to be able to pay back the value of the loan. For this reason, we have an initial margin level and a maintenance margin level.
The initial margin limit (30% for Bitfinex) means that traders can't take on unreasonably large positions, so sudden market swings won't drive the account into negative value. The maintenance margin limit (15% for Bitfinex) is where the exchange will margin call (forcefully close) the position to avoid going into negative balance.
For example, if you were to take out a 3x leverage long on Bitcoin vs USD, your initial margin is 33%. Then, if Bitcoin were to drop 18% (33% - 15%) you would be margin called, forcefully closing the position to avoid further losses.
When a position is margin called, it's traded into the regular market to close the position. If you are long on Bitcoin vs USD, the position will be sold off to get back the USD needed to pay off the loan. In this case, there is no point at which the exchange is taking on your position, it is simply forcing you to close it into the market so you can pay off your loan to the lending user.

Derivatives markets

Derivatives markets, such as Bitmex, work slightly differently. The underlying asset being traded doesn't change hands to take on a position. Instead each side of the trade takes opposing sides of a futures contact. Derivatives are helpful as a trading tool, as you only need to have a fraction of the equity of a contract, rather than taking out a loan of the asset.
The normal rules of initial margin and maintenance margin still apply. But, instead of paying back a P2P loan, its to protect the exchange from negative balance. If an account balance became negative, there would be no way for the exchange to get back the difference ,since Bitmex is funded anonymously in Bitcoin. As such, it needs a good mechanism to avoid excessive losses.
Bitmex does differ from Bitfinex, as the exchange will take on the position during a margin call. This is part of their "liquidation engine", which then closes the position into the market. The maintenance balance of the position is also taken to offset the loss of the liquidation engine as it closes the position. Any profit/ loss is added to the "insurance fund".
This system is required on Bitmex due to the high leverage they offer to traders, meaning that their is a high probability a losing trade could result in a negative balance. Any negative balance is paid off by the insurance fund. The insurance fund is not a conspiracy for the exchange to take your money, it is a simple fact that the margin calling system will not always be able to close positions in time during large market swings, so needs a cushion to avoid negative balances.

Short squeeze and margin cascade

Now, onto today's series of events. Looking at the BTCUSD chart, the red line shows Bitfinex margin shorts and the green line shows margin longs. Prior to the spike to $8069, margin shorts were at record highs of almost 41k Bitcoin. Then, as the price shot up, the shorts were rapidly liquidated. Side note: I believe the margin data provided here is slightly delayed, as the raw data shows the cascading descent in margin shorts lining up better with the increase in price.
As the first shorts started to get liquidated, they were forced to buy into the market, driving up the price. This liquidated some more positions, forcing them to rapidly buy too, hitting the limit of yet more positions. This cascading effect shot the price into the sky as positions got forcefully closed. Margin shorts went from 39k Bitcoin at 11:30 (BST) to <29k Bitcoin at 12:30 (BST), over 10k Bitcoin in shorts closed within an hour.
People will try give many explanations for this overhang in shorts or the events leading up to the short squeeze. The squeeze was certainly a risk that I overlooked in my own trading, but I was fortunate enough not to have any open positions at the time. Short squeezes are a reality that people have to watch out for when trading any asset (although not often on this scale).

Manipulation and conspiracies

I'm hoping to address some of the issues I see in a post that's been going around a lot recently, which claimed that exchanges themselves were involved in stop-loss hunting to try to "extract a higher market fee" from traders when they get liquidated.
However, by definition, each trade has a market maker and a market taker, meaning that the exchange will get the same fee per volume either way (assuming no tiered fee structure), as one side will always be paying the taker fee. While there is a potential for an exchange be using margin calls as a means to increase their total trading volume, it seems like a rather roundabout method to try to extract relatively small value while potentially driving a way a significant portion of their clients. Surely an exchange would look to boost revenue through other means, such as new services and trading pairs before looking towards market manipulation on such a scale. Exchanges themselves also aren't brokers, they are the platform to allow different parties to trade, rather than being the market maker of each trade.
While stop-loss/ margin hunting does happen to a degree, it is unlikely that the exchanges themselves would stand to gain much from it. Instead, stop-loss hunting is an activity of institutions or "whales", who make a profit by accumulating a position at a lower price before pushing the market into a short squeeze and selling into the margin cascade. This requires an entity to be tactically building up an exposure before shifting the market in their favour.
While it isn't impossible that the operators of exchanges are involved in stop-loss hunting as part of a separate scheme, the exchange itself and its mechanisms of liquidation stands to make little profit on such action with the potential to drive away a lot of customers. It makes little sense for an exchange itself to be involved, as the financial incentives don't align.

My original blog post with nicer formatting

Disclaimer

I will do my best to give unbiased, objective analysis, but I can make no promises about my accuracy. All posts are based on my personal opinions and ideas and do not constitute professional financial investment advice.
Edit 13/04/18 01:15: Rewrote final few paragraphs as it appears I misinterpreted the original article.
submitted by matt2048 to BitcoinMarkets [link] [comments]

Bitcoin Cash: A Reflection on How Far We’ve Come

On August 1, Bitcoin resumed its original roadmap, scaling on-chain towards global adoption as Peer-to-Peer Electronic Cash.
It’s been just 3 and a half months since Bitcoin Cash broke away from BTC in order avoid a software mutation called Segwit, and to restore progress and growth to the ecosystem.
After a recent price rally that saw us reach 0.5 BTC ($3000), the reality is setting in that an overnight ‘flippening’ scenario that some people hoped for is unlikely, and that we have a longer road ahead.
It’s really important to remember how much has been achieved in such a short time.
Let’s take a moment to reflect on how far we’ve come as a young community.
July:
August:
September:
October:
November:
This rate and scale of industry adoption is unprecedented.
With every BTC holder receiving an equal amount of Bitcoin Cash, and with the price over $1300, the rate and scale of user adoption is unprecedented.
With fast, reliable transactions and fees that are less than 1 cent, and with both BitPay & Coinbase hinting at a full Bitcoin Cash integration, the rate and scale of merchant adoption will be unprecedented.
With unprecedented industry, user and merchant adoption, it’s only a matter of time until Bitcoin Cash becomes the default medium of exchange and store of value cryptocurrency.
The old Bitcoin is back. You can feel it. It’s the resurgence of a grassroots movement not seen for years. People are putting Bitcoin Cash posters in the streets, handing out leaflets, tipping strangers a few dollars online, and asking in forums how they can contribute to the community.
Just in the last couple of days a ‘Bitcoin Cash Fund’ was established, to assist with marketing and projects. The initial goal was $200 to make a short animated advert, but over $17,000 has been donated already. All of this positivity and energy is inspiring.
While businesses are being forced to abandon BTC due to exorbitant and skyrocketing fees (upwards of $10), they’re being cheered on every day as they embrace Bitcoin Cash.
The original vision is still alive. As an early bitcoiner, I’ve never been more optimistic.
Make sure you involve yourself in the community, we’re just getting started :)
Reddit: BTC or BitcoinCash
Twitter: twitter.com/BITCOINCASH
Website: bitcoincash.org
Dev: Mailing List
Also posted on Yours: Bitcoin Cash: A Reflection on How Far We’ve Come
submitted by cryptomic to Bitcoincash [link] [comments]

Bitmex tips - Leveraged Trading. How not to lose your house and maybe even make some money

I’ve had a ridiculous experience with Bitmex, both fun and depressing. I think I’m finally getting a grip on it, so I wanted to share some things I’ve learned. For clarity, when I first started using Bitmex, I lost about 3 BTC over the course of a month because I had no idea what I was doing and I’m an idiot. Since then however, I’ve taken .06 BTC and I’m currently at 2.7 BTC from Bitmex alone in a few weeks. It has the potential to make you rich, but also super broke. Do not take it lightly.
If you've never used Bitmex before, you can read my original newbie guide on how to start using Bitmex here: https://www.reddit.com/CryptoCurrency/comments/84stai/bitmex_for_dummies_leveraged_trading_longshorts/
Also a reminder, you get 10% off fees if you sign up with a referral code. If you already signed up and didn’t use one, email support and ask them to apply one, it's pretty quick and definitely worth the 2 minute hassle. Would appreciate if you use mine, but just make sure you use something to get the 10% off: "/registeBCCNeF"
submitted by Allmeat27 to CryptoCurrency [link] [comments]

Fee Comparison Trading Bitcoin on CFD sites vs. Spot-Margin Exchanges vs. Futures Exchanges

When you want to speculate on changes in bitcoin price, there's three main types of places you can achieve this on:
We go into deep detail about these differences, as well as specific exchange cases, if you would like to learn more go here: http://www.bitcoinfuturesguide.com/bitcoin-blog/the-bid-ask-spread-margin-interest-as-hidden-fees-comparison-of-cfd-sites-vs-spot-margin-exchanges-vs-bitcoin-futures-sites
Below you can find a table comparing the sites, types, and fees on bid/ask spread and margin. Trade execution fees are excluded for space considerations
Exchange Type Bid-Ask Spread (Nominal) Daily Leverage Financing Charge (Nominal) Bid-Ask Spread (Max Leverage, as % of Initial Margin) Daily Charge (Max Leverage, as % of Initial Margin) Socialised Losses?
1Broker (5x) CFD 0.2% 0.1-0.15% 1% 0.5-0.75% No
SimpleFX (10x) CFD 0.23% 0.175% 2.3% 1.75% No
WhaleClub (10x) CFD 0.2-0.5% 0.2% 1-2.5% 1% No
Bitfinex (3.3x) Spot/Margin 0.01-0.1% 0.01-0.08% (Varies, market based) 0.03-0.3% 0.03%-0.25% No
Kraken (5x) Spot/Margin 0.05-0.2% 0.1% (Exchange-provided, not market-based) 0.25-1% 0.5% No
OKCoin.com (20x) Futures 0.01-0.05% (Varies, Market based) 0% 0.2-1% 0% Yes
BitMEX (100x) Futures 0.02-0.25% (Depends on contract/liquidity) 0% 2-25% 0% Yes
CryptoFacilities (6x) Futures 0.05-0.8% (Depends on contract/liquidity) 0% 0.3-4.8% 0% No
TL;DR Liquid bitcoin futures exchanges offer the lowest cost choice to do leveraged bitcoin trading, and have multiple fee discount advantages over Spot Margin exchanges and especially CFD sites. However, socialised losses ("DPE") are the downside: they are a form of hidden fee themselves against profitable traders who bear the load of system losses.
Edit: Fixed SimpleFX max leverage for BTC to 10x not 25x. Also included a warning about socialised losses for trading bitcoin futures at high leverage.
submitted by Bitcoin_Markets to BitcoinMarkets [link] [comments]

Why the New XBTUSD Swap on BitMEX is a Superior Trading Product

BitMEX recently launched its 100x leveraged XBTUSD swap product and there have been some questions regarding the differences between trading the Swap vs Spot, Margin and Futures products.
This post will provide a few main points between the differences, but please visit the BitMEX Blog for a further in-depth discussion.
 
Overview
Type Leverage Maturity Physical Settlement
XBTUSD High Never Expires No
Spot Trading None Never Expires Yes
Margin Trading Low Never Expires Yes
Futures Trading High Expires No
 
XBTUSD vs. Spot Trading
In Spot Trading, both Bitcoin and USD are physically settled by both counterparties, as a result there cannot be any leverage. XBTUSD is a P2P swap product with no settlement, thus only margin is needed and on BitMEX this is as low as 1% of your position size.
 
XBTUSD vs. Margin Trading
Since both Bitcoin and USD are still settled physically on the spot order book, Margin Trading will have a limitation on leverage. Bitfinex restricts the leverage to 3.33x. Since with the XBTUSD swap, no Bitcoin or USD changes hands, the leverage can be much larger.
 
XBTUSD vs. Futures Trading
Both Futures Trading and the XBTUSD swap are not physically settled, and as a result can enjoy much larger leverages. One drawback is that Futures Contracts have a fixed expiry date in the future, which means that traders who want to keep their positions open past the expiry date will need to have their positions settled and then re-open their positions on the newly listed contract. The trader can occur slippage costs over this process.
Longer-dated futures contracts solves for this problem, but encounters a new problem of less liquidity - as uncertainty of price increases. Several futures contracts spread across the forward curve can also fragment liquidity, and traders will incur higher market impact costs as a result.
The XBTUSD swap product solves for this fragmentation problem, as there is no expiry and thus no settlement and hence all traders are centralised into one product, increasing liquidity. Furthermore, the trader's position is held open until they close it or until it is liquidated due to adverse price movements.
 
Conclusion
If you wish to speculate on the future value of Bitcoin, the BitMEX XBTUSD product is the ideal choice. It has high leverage and no expiry date.
submitted by BitMEX_Greg to BitcoinMarkets [link] [comments]

Interesting email from an exchange about banking developments.

Bitcoin and Money Services Businesses (MSB) find it very difficult to open and maintain bank accounts. The global hysteria over possible venues for money laundering (unless of course you are HSBC) has caused banks globally to curtail their support of MSB clients.
Several exchanges figured out that Taiwanese banks would bank them with minimal issues. The two most well known exchanges utilising Taiwanese bank accounts are Bitfinex and OKCoin International.
The American perception of Taiwanese banks lately is that of financial institutions with lax KYC / AML procedures. Read the following excerpt from a Reuters article about problems with Taiwan’s Mega Financial last October.
It is the second bank branch of the state-controlled firm to run afoul of U.S. financial authorities, after its New York branch was fined $180 million for lax compliance and anti-money laundering violations in August.
Mega Financial, which has close ties to Taiwan's government, has been under scrutiny since about 200 of its customers were named in the so-called Panama Papers, a massive leak of documents from a Panamanian law firm that put the spotlight on the shadowy world of offshore companies used to avoid tax.
In order for Taiwanese banks to maintain their banking relationships in America, they must update their KYC / AML procedures for MSB clients. Unfortunately a large swath of MSB clients will be deemed too expensive to bank, and will be jettisoned.
Compliance is extremely expensive. Banks waste billions of USD a year on compliance and compliance related technology. It only serves to further protect incumbent financial institutions at the expense of small and innovative upstarts.
Bitfinex, OKCoin, and possibly other Bitcoin exchanges are affected. It may be that they have been told their accounts will not longer by active by a certain date. They are now scrambling for alternatives.
Bitfinex officially announced that both USD deposits and withdrawals are halted. OKCoin International has posted a notice that all USD deposits will be refused by their banking partner in Taiwan. Many old-timers know that the suspension of fiat deposits and withdrawals heralds tough times ahead for any Bitcoin exchange.
To some traders, this feeling is all too familiar. Mt Gox's slow motion bankruptcy began in 2013 when their USD held in America was frozen. As users rushed for the exits, the Bitcoin thought to be held in custody was not there. In early 2014, Mt Gox shut its doors and filed for bankruptcy.
While traders are right to be nervous, it is not a given that Bitfinex and or OKCoin will be unable to operate. Yet, careful traders will take action. This post will examine how to get your money off the platform, and for those risk seeking traders, arbitrage opportunities that will arise during this time of stress.
Correspondent Banking
The biggest hurdle to successfully operating a Bitcoin/Fiat exchange is obtaining and maintaining a bank account. The quality of the banking relationships held by the exchange is a large success determining factor.
Most Taiwanese banks have branches throughout the Asia Pacific region. However, most do not have branches in the US. Ultimately that means that movement of USD between non-Taiwanese entities must pass through a correspondent bank in the US.
The correspondent bank is fully licensed to do business inside America, and can clear USD. Without the assistance of a correspondent bank, exchanges’ Taiwanese banks cannot process USD deposits and or withdrawals for foreign entities. Given that the majority of Bitfinex and OKCoin’s customers are not Taiwanese, most if not all incoming and outgoing USD must be processed with the assistance of a correspondent bank.
Wells Fargo, The Canary in the Coal Mine
In late March, according to a lawsuit filed by Bitfinex, Wells Fargo ceased processing outgoing USD SWIFT wire transfers from Bitfinex’s Taiwanese bank accounts. Wells Fargo is the correspondent bank for the various banks Bitfinex uses in Taiwan. The lawsuit alleged that $180 million of USD was effectively frozen.
This lawsuit is one of the only public windows the community received into the struggle between Taiwan banking institutions and their American correspondent banks. A similar situation may have occurred with OKCoin, but they did not choose to fight back through a public lawsuit.
Bitfinex vs. Wells Fargo Lawsuit
Get Me Outta Here
Bitfinex and OKCoin USD IOU holders are rightfully concerned. All is not lost. There are still ways to remove funds from these platforms.
The easiest way is for users to buy Bitcoin and withdraw it. Then they can sell that Bitcoin on another platform. As more users exit via this method, the price of Bitcoin rises on Bitfinex and OKCoin relative to other exchanges. Those exiting these exchanges are pushing up the price globally.
Users can use altcoins such as Litecoin or Ether to exit as well. At the time of writing, the Bitfinex premium to buy alts with USD is similar to buying Bitcoins. Given the low liquidity in altcoins, this may not be cheaper.
Bitfinex first indicated in a blog post, that users could withdraw funds via Swiss Francs (CHF) and Hong Kong Dollars (HKD). However a few days later, they announced that their bank refused to process any outgoing wires in any currency.
The solution now put forward is to wash funds through their lawyer's trust account. They claim that as creditors of Bitfinex, users can withdraw via this method only once. Those lucky enough to have domestic Taiwanese bank accounts face no issues withdrawing any fiat currency.
As of right now, OKCoin has not issued any announcements regarding the status of funds in their Taiwan bank accounts.
Arbitrage
Risk and profit seeking traders will be able to conduct arbitrage trades during this funding crunch. The trade I describe below is the most obvious.
Buy Bitcoin outside of Bitfinex.
Sell Bitcoin for USD on Bitfinex at a premium.
Withdraw HKD to your bank account from Bitfinex.
Wire the funds at your bank rate back into USD to a cheap Bitcoin/USD exchange.
Rinse and repeat.
The ability to execute this trade is predicated on the ability to withdraw HKD or another fiat currency easily and quickly from Bitfinex. Given the recent updates, this assumption is questionable. All MSBs globally face similar issues, it may be weeks if not months before Bitfinex, OKCoin, or any other affected exchange is able to establish banking relationships again.
Due to the halt of Bitcoin withdrawals in China, XBT/CNY trades at a 15% discount to Bitstamp and GDAX. Therefore the premium on exchanges where fiat cannot be withdrawn, could easily reach a similar 15% premium.
Bitcoin / HKD: Bitfinex and OKCoin’s Savior
Days after filing, Bitfinex withdrew the lawsuit against Wells Fargo. Suing a correspondent bank in America may have been lights out for Bitfinex’s current and future banking relationships. To make matters worse, it may have attracted attention to other exchanges. If Wells Fargo is blocking Bitcoin exchanges, other banks should be thinking: should we block them too?
For now, there is still some hope. For every HKD issued, the Hong Kong Monetary Authority backs it with an equivalent amount of USD. The Hong Kong Monetary Authority will conduct open market operations to maintain a peg between 7.75 to 7.80 USD. While the peg holds, HKD is a liquid proxy for USD. If Bitfinex and or OKCoin can launch a liquid XBT/HKD market, they can continue to effectively serve as the most liquid XBT/USD spot markets.
Clearing HKD does not require funds to transit through the American banking system. Most of the world just wants to do business, and not worry about hypocritical moralising American politicians' inspired regulations. Given enough effort, time, and willingness to pay high fees, exchanges will find banking partners willing to process HKD wires.
The on and off-ramps between digital currencies and fiat continue to cause significant friction. However, once traders squeeze through fiat gateways into the crypto universe, the trading opportunities are rich. If you desire a product to speculate on the value of Bitcoin without touching fiat, consider trading the BitMEX Bitcoin / USD Swap, XBTUSD.
Strongman Bullies and Bitcoin
Trump, Xi Jinping, Putin, and Erdogan: these four men are the embodiment of Strongman Bully leaders. Global trends indicate we will soon have more world leaders with similar mindsets.
Over the past 30 years, throngs of Chinese, Russians, and Turks have become rich. The masses held their tongue, while the elite shamelessly lined their pockets. In China, the wealth amassed in coastal cities like Shanghai, Beijing, Shenzhen, and Guangzhou stands in stark contrast to the developing and rural interior. Similar disparities exist in the metro areas of Russia and Turkey.
Xi, Putin, and Erdogan are all promising to restore the bargain with labour at the expense of capital. In previous decades, the masses have accepted disproportionally slow wage growth so long as their standard of living continued to increase. As global growth sputters, the bargain has become less tenable. The plebes are getting restless.
The marginal effectiveness of printing money to generate GDP output is waning. To make matters worse, population growth is shrinking in end markets like America and Europe. In response, central banks are reducing asset purchases. The net result will be higher interest rates and less trade.
All strongman bullies in all countries cannot be successful at the same time. Instead of trading for what they need, these leaders are likely to threaten to take what they need through war. A desperate leader can apply physical force to take resources, disrupt competing markets, and distract the local population from failed promises.
During times of war, assessing financial counterparty risk becomes a key investment survival skill. Will a USD deposit held in a Russian bank be worth the same as one held in an American bank? Every asset that you own must be evaluated on the basis of two concerns: beating domestic inflation and movement friction. In times of war, we are very likely to see inflation in necessity goods and deflation in other goods.
Where will the masses turn? Gold has value everywhere and is likely to triumph during these times. Recently, gold rallied when Trump authorised a missile strike against Syria, and when North Korea announced a potential nuclear missile test. Further rallies will come if global instability grows.
Bitcoin fits into this dynamic. Despite all of the issues it faces, it has persevered for over 8 years and still has substantial global value. Consider that as a vote of confidence in its ability to serve as a safe haven asset for a small pool of global capital.
Regardless of your political stance, the next 30 years will not be like the last. Highly intense regional conflicts are likely to flare up again. As desperate citizens look to store and transport wealth in the digital era, Bitcoin looks more attractive than ever.
submitted by moonbux to Bitcoin [link] [comments]

Subreddit Stats: dashpay top posts from 2016-03-30 to 2017-03-29 23:35 PDT

Period: 364.11 days
Submissions Comments
Total 1000 8178
Rate (per day) 2.75 22.40
Unique Redditors 282 978
Combined Score 18856 18752

Top Submitters' Top Submissions

  1. 2923 points, 178 submissions: tungfa
    1. Dash Version 12.1 Release (48 points, 15 comments)
    2. Dash iOS Wallet back on iTunes ! (40 points, 18 comments)
    3. The biggest Russian off-line crypto-exchange has started working with DASH (38 points, 0 comments)
    4. Dash added to cryptocurrency derivative trading platform BitMEX (33 points, 19 comments)
    5. - - Dash 0.12.1.4 - - (Minor Update - No Sentinal Changes - Not mandatory but "encouraged to update”) (32 points, 5 comments)
    6. 100 hrs after Dash 12.1 Launch = 98% - 100% Miner Support ! (32 points, 16 comments)
    7. Jaxx Blockchain Wallet now supports Dash ! (31 points, 3 comments)
    8. Bitfinex now opened margin trading for Dash (30 points, 11 comments)
    9. Dash's Ryan Taylor at TNABC Bitcoin Miami 2017 (30 points, 11 comments)
    10. DASH Business Development Strategy Update - FEB 2017 (29 points, 15 comments)
  2. 2730 points, 119 submissions: Amanda_B_Johnson
    1. Apple. We're Digital Currency Experts Now. (65 points, 25 comments)
    2. DASH’s. Best. Day. Yet. | DASH: Detailed (62 points, 31 comments)
    3. 'We're Doing the Planning That Takes Us to 1 Billion" - Ryan Taylor, Dash Director of Finance (53 points, 40 comments)
    4. Why Aren't We Seeing Greater Adoption of Cryptocurrency? [Bountied reading of Ryan's TNABC presentation] (50 points, 17 comments)
    5. Is There a Maximum Coin Supply in Dash? | DASH: Detailed (40 points, 10 comments)
    6. Amanda to Present Evolution at Anarchapulco's “Cryptopulco” (39 points, 9 comments)
    7. 12.1.4 Coming | WoC in China | The Ol' Hold-Steady -- DASH: Detailed (37 points, 17 comments)
    8. EVERYTHING You Need to Know About Dash in Under 3 Minutes! (37 points, 3 comments)
    9. Something DASHOUS This Way Comes (37 points, 17 comments)
    10. Welcome, newcomers. Here are some resources for ya! (37 points, 10 comments)
  3. 652 points, 30 submissions: Basilpop
    1. Roger Ver is bombarded with lies about Dash's "weak privacy". Let me destroy that allegation... (49 points, 36 comments)
    2. Dash just broke 70 Million US Dollar Marketcap first time in its history! (40 points, 5 comments)
    3. PSA: "SPORK_8_MASTERNODE_PAYMENT_ENFORCEMENT": true (33 points, 5 comments)
    4. A Call For Kraken To Add Dash For Trading | Open Letter to Jesse Powell, CEO at Kraken (28 points, 7 comments)
    5. Dash is now the 4th largest cryptocurrency in the world - Just shot past Litecoin (28 points, 7 comments)
    6. Dash has surpassed Litecoin in transaction volume (27 points, 6 comments)
    7. Why Dash Dislodged Ethereum Classic From Number 6 Place On CoinMarketCap (27 points, 3 comments)
    8. Welcome new users! Let's have an AUA (Ask Us Anything) - We will answer all your questions so fire away! (25 points, 71 comments)
    9. [IMPORTANT] DON'T just download and install the new client. You must follow the instructions! (24 points, 16 comments)
    10. Official Dash Core 12.1 Evolution Upgrade Thread (23 points, 14 comments)
  4. 495 points, 21 submissions: goto1415
    1. I did my first @Dashpay payment yesterday. I moved $100K for ~0.3 cents, and was confirmed in the next block. Bitcoin used to work that well - Roger Ver on Twitter (87 points, 23 comments)
    2. Dash #3 in Marketcap - just getting started... (47 points, 53 comments)
    3. Big Bitcoiners see the advantages of Dash (38 points, 26 comments)
    4. Everything You Ever Wanted to Know About Dash Cryptocurrency w Amanda B Johnson (31 points, 3 comments)
    5. Dash Altcoin Continues Epic Bull Run; Sets Several All-Time Records - Bitcoinist.com (30 points, 0 comments)
    6. To Celebrate $100 Mark, DASH: Detailed Goes Live (29 points, 6 comments)
    7. Monero Vs. Dash, Simple Comparison (27 points, 23 comments)
    8. Bitcoin entrepreneur Charlie Shrem joins the Dash Slack. (24 points, 3 comments)
    9. Dash hits $100. Will it overtake Bitcoin? (19 points, 5 comments)
    10. Op Ed: A Closer Look Into DASH (Part 1) (19 points, 6 comments)
  5. 462 points, 21 submissions: Dashriprok
    1. Why Dash is the Most Sybil Attack-Resistant Cryptocurrency (44 points, 11 comments)
    2. Dash @ $25.23 and just past Monero for the Number 5 spot. (34 points, 10 comments)
    3. Dash to partner with BlockCypher (34 points, 0 comments)
    4. Goldmoney Accepts Dash for Purchasing Gold (31 points, 4 comments)
    5. Dash breaks $24 (27 points, 39 comments)
    6. Dash teams up with BlockPay to enable point of sale purchases in over 36 countries (26 points, 0 comments)
    7. Dash now available to Buy or Sell at "Wall of Coins" (25 points, 4 comments)
    8. Dash partners with Major exchange gains access to FIAT trading (24 points, 2 comments)
    9. Charlie Shrem Sponsors Dash MasterCard (21 points, 3 comments)
    10. Dash at 2017 North American Bitcoin Conference (Edited Version) (21 points, 12 comments)
  6. 450 points, 32 submissions: notmyby
    1. Proposal: Core Team Expansion (23 points, 5 comments)
    2. June 2016 Monthly Budget Report (22 points, 0 comments)
    3. Proposal: Business Development - Major Exchange (22 points, 13 comments)
    4. Dash Is Hiring: Front-end Developers (19 points, 3 comments)
    5. Proposal: Core Team Salaries (April) (19 points, 5 comments)
    6. Proposal: Marketing & Communication (April) (19 points, 0 comments)
    7. Proposal: Dash Offices at ASU's SkySong Innovation Center (17 points, 0 comments)
    8. Proposal: Hardware Wallets For Build And Test (16 points, 0 comments)
    9. Proposal: WebEx Premium Subscription (16 points, 2 comments)
    10. Proposal: Conferences & Travel - The North American Bitcoin Conference (14 points, 0 comments)
  7. 366 points, 25 submissions: dashpaymagazine
    1. John MCAfee meets DashNDrink - Closer shot (25 points, 0 comments)
    2. Shakepay Dash Cards: An Interview With Jean Amiouny (22 points, 4 comments)
    3. Dash with InstantSend, A New Name But The Same Ground Breaking Technology (20 points, 1 comment)
    4. Dash’s DAO At 10 Months: a Progress Report by Amanda B.J (19 points, 0 comments)
    5. Jaxx Provides A Disguise as Dash gets on iOS? (17 points, 2 comments)
    6. The DashCast Ep.02 – Interview with Amanda B. Johnson (17 points, 1 comment)
    7. Bitcoin, Dash and Litecoin Analysis (July 5) | Crypto Technical (16 points, 6 comments)
    8. Dash Scam Alert: Dash-wallet.com (16 points, 4 comments)
    9. Dash Representation At D10e San Francisco 2016 (Presentations, Time, Date, Where To Watch) (15 points, 2 comments)
    10. Dash’s PrivateSend: What makes Digital Cash Fungible (15 points, 1 comment)
  8. 350 points, 13 submissions: TrustThyself
    1. Bitcoin's Bubble vs. Dash's Killer App: Amanda B. Johnson at UNM (41 points, 23 comments)
    2. Will Cryptocurrency Ever Get Its Killer App? Amanda B. Johnson presents at Anarchapulco (41 points, 6 comments)
    3. Network Switch, General Bytes, & Testnet Slots | DASH: Detailed (39 points, 1 comment)
    4. 12.1 Support Party, Apple-Jaxx Update, & International Girls | DASH: Detailed (38 points, 6 comments)
    5. Dash Did Not Move Inverse to Bitcoin's Rocket This Week... Interesting (29 points, 1 comment)
    6. The Dash Network is Worthy of Attack! | DASH: Detailed (28 points, 5 comments)
    7. Dash Open House March 30th at SkySong with Ryan Taylor, Evan Duffield & Amanda B. Johnson. All are invited! (26 points, 4 comments)
    8. It's Q4 2016, So Where Is Bitcoin's Consumer Demand? -- Dash on Nasdaq (26 points, 7 comments)
    9. Dash Open House this Thursday in Scottsdale, AZ! (22 points, 4 comments)
    10. DASH: Detailed Investor Report #4 (20 points, 4 comments)
  9. 344 points, 20 submissions: itscrazybro
    1. Now that Apple has approved Monero, we can throw away the suspicion that we were not approved due to privacy concerns (34 points, 34 comments)
    2. Bitcoin Realises it's Centralised as Dash Votes on its Monthly Direction (27 points, 7 comments)
    3. At this rate, Dash now has a monthly budget of $120,000 USD! (26 points, 3 comments)
    4. Another article on Nasdaq, good work Wachsman PR (23 points, 1 comment)
    5. Cryptocurrencies that pay a dividend (20 points, 0 comments)
    6. Dash Releases Software Upgrade in Sweeping Redesign (20 points, 0 comments)
    7. Completing our transition to becoming a digital currency company (not just a Bitcoin company) (18 points, 5 comments)
    8. Just sold the remainder of my Bitcoin (18 points, 15 comments)
    9. I knew Evolution was a game changer but now I have experienced why it is! (17 points, 5 comments)
    10. Spend Dash – Dash's very own business directory is now online (17 points, 5 comments)
  10. 334 points, 20 submissions: TaoOfSatoshi
    1. Vitalik Buterin discusses Dash governance in The Huffington Post (31 points, 9 comments)
    2. Announcing the "Dash: The Cash Alternative" campaign! (29 points, 18 comments)
    3. Dash Nation Call To Action: RT for Dash Jaxx! (27 points, 4 comments)
    4. Reality Check: Tao Responds To Tone Vays And FluffyPony (27 points, 45 comments)
    5. CATV | Dash: More Than A Currency, It's The Beginning Of A Global Movement (22 points, 14 comments)
    6. Dash on the App Store? Currency to be integrated into Jaxx Wallet next week! (18 points, 0 comments)
    7. Dash Nation Slack reaches 700 members! (16 points, 3 comments)
    8. That's right, Roger! Dash's features are Ver-y Cool! (16 points, 7 comments)
    9. At last! At last, Dash appears on the App Store through Jaxx Wallet integration (15 points, 0 comments)
    10. Dash Update - Evan Duffield speaks about LaBitConf (14 points, 0 comments)
  11. 284 points, 13 submissions: NibiruHybrid
    1. Congrats to Amanda & Pete For Reaching 10K YouTube Subs!!!! (47 points, 4 comments)
    2. Amanda B. Johnson DASH Interview The Crypto Show Anarchapulco 2017 (26 points, 4 comments)
    3. Roger Ver list of BTC competitors he diversified into for better privacy & cheaper transaction costs DASH (25 points, 12 comments)
    4. The DASH community has sponsored MMA Fighter Davis Dos Santos for his fight at TKO MMA 38 (24 points, 13 comments)
    5. Dash, BlockPay produce POS option (23 points, 1 comment)
    6. Dash: The new Cryptocurrency player with more Features than Bitcoin - Amanda Johnson (22 points, 6 comments)
    7. Dash Partners with BlockPay to Enable Point of Sale Purchases at Brick and Mortar Stores (21 points, 0 comments)
    8. Dash Is Now the Fourth Biggest Cryptocurrency with $200m Market Cap | Finance Magnates (18 points, 6 comments)
    9. Live Chat Dash Guest Interview By Crypt0 With Amanda B. Johnson (18 points, 14 comments)
    10. Dash Market Report: DASH/BTC Sets All Time High of $74.34 (17 points, 2 comments)
  12. 277 points, 15 submissions: solowhizkid
    1. DASH Cryptocurrency Explodes To New Highs (34 points, 7 comments)
    2. Dash Is Now the Third Biggest Cryptocurrency by Market Cap - Israel News (34 points, 1 comment)
    3. Dash Partners with BlockPay, Enables PoS Payments at Physical Stores (31 points, 1 comment)
    4. Transaction to 12.1 complete, with first 12.1 superblock issued #dash_force (20 points, 2 comments)
    5. Keepkey-integrates-dash (19 points, 4 comments)
    6. Dash, the most Sybil attack resistant crypto (17 points, 2 comments)
    7. Is DASH The Future Of Cryptocurrency? (16 points, 4 comments)
    8. My Best Investment in 2017? A Dash (Digital Cash) Masternode Earned Trading Bitcoin on Poloniex? (15 points, 0 comments)
    9. Alex-ru educating and presenting Dash - Digital money for global use. (In Russian) (14 points, 0 comments)
    10. Dash to beat bitcoin (14 points, 1 comment)
  13. 210 points, 5 submissions: adiiorio
    1. Dash has joined the Jaxx family (Official Announcement) (65 points, 35 comments)
    2. Anthony Di Iorio on Twitter - "Apple just called. They want Dash removed from Jaxx. Only some coins are authorized for App Store. We're determining course of action." (45 points, 50 comments)
    3. Jaxx invites Dash to the party, previews multi-stage integration (42 points, 17 comments)
    4. Jaxx - Dash integration coming soon! (Official Announcement) (37 points, 10 comments)
    5. Dash comes to iPhone with Jaxx wallet - International Business Times (21 points, 1 comment)
  14. 191 points, 14 submissions: cryptobubble
    1. DASH/CNY pair added to BTC38.com! (18 points, 1 comment)
    2. Dash, the anonymous evolution of Bitcoin, Interview with Evan (17 points, 0 comments)
    3. Jaxx Wallet Set to Integrate DASH This Week (15 points, 0 comments)
    4. The Spells of Genesis trading card dedicated to Dash will be released today! (15 points, 3 comments)
    5. Richtopia's List of Top 100 Blockchain Organisations by Influence, Dash #47! (14 points, 0 comments)
    6. SpectroCoin adding Dash to exchange and e-wallet (14 points, 1 comment)
    7. D10e Conference Featuring John McAfee Fast Approaching (13 points, 0 comments)
    8. Node40 HowTo Guide: Edit your local Dash masternode.conf file (13 points, 0 comments)
    9. Node40 streamlines blockchain network incentivization (13 points, 0 comments)
    10. ‘DashnDrink’: Dash-Powered Vending Machine Returning for d10e (13 points, 1 comment)
  15. 188 points, 10 submissions: eric_sammons
    1. Review of the Dash Budget System, the First Blockchain-based Decentralized Governance System (26 points, 11 comments)
    2. Apple vs. Dash: The Importance of Privacy (25 points, 10 comments)
    3. The Dash Masternode Network: A Response to Critics (23 points, 6 comments)
    4. An Honest Assessment of Dash, Today’s Hottest Cryptocurrency (22 points, 10 comments)
    5. Fulfilling Satoshi’s Vision (21 points, 3 comments)
    6. Bitcoin is Sick. Will It Heal, Be Amputated, or Die? (Dash mentioned) (17 points, 2 comments)
    7. Historical Data added to DashVoteTracker.com (16 points, 2 comments)
    8. Dash: A Digital Cash System - Bitcoinist.net (15 points, 6 comments)
    9. Out of the Cryptocurrency Sandbox (14 points, 2 comments)
    10. Shifting to Cryptocurrency (9 points, 1 comment)
  16. 168 points, 10 submissions: ashmoran
    1. An under-recognised advantage of Dash over Bitcoin: it pays its own developers (24 points, 3 comments)
    2. Why running a Dash masternode is different from Bitcoin mining (22 points, 10 comments)
    3. Success to the Successful (or: why the moon is not far enough) (19 points, 24 comments)
    4. Dash as investment opportunity for Chinese savers (18 points, 14 comments)
    5. What open source Bitcoin project would you like to see ported/upgraded for Dash? (18 points, 16 comments)
    6. SegWit politics in Litecoin demonstrates why Dash's masternode voting is superior to miner voting for deciding protocol changes (16 points, 9 comments)
    7. Marketing the Dash treasury to Bitcoin project developers (15 points, 21 comments)
    8. The injustice of market cap rankings: The DAO features above Dash despite the fact The DAO does not work. Discuss :-) (14 points, 8 comments)
    9. FlokiNET: Privacy-conscious VPS provider based in Iceland who accept Dash (12 points, 4 comments)
    10. Is Dash susceptible to the "bad faith taker spy" attack to any degree? (10 points, 7 comments)
  17. 162 points, 7 submissions: bmed4u
    1. Jaxx: "Apple has accepted Dash into their App Store as an "approved" cryptocurrency" (65 points, 20 comments)
    2. Dash is far from dying (25 points, 25 comments)
    3. Dash's network has never been so secure! New ATH (1.29TH/s) (19 points, 8 comments)
    4. Welcome to our new masternode owners! New ATH= 4235 (16 points, 1 comment)
    5. Alphabay and mass adoption reputation (13 points, 7 comments)
    6. Bitcoin: They are starting to get why it is so important to incentivize nodes! (13 points, 2 comments)
    7. Dash network is able to take care of Bitcoin's transactions (11 points, 5 comments)
  18. 145 points, 6 submissions: cryptoninjas
    1. Dash now added to crypto exchange Bitfinex (49 points, 45 comments)
    2. Dash now out of beta goes LIVE on crypto hardware wallet KeepKey (28 points, 2 comments)
    3. Euro based crypto broker BitPanda integrates Dash (25 points, 8 comments)
    4. Russian largest bitcoin exchange MaRSe adds Dash (23 points, 9 comments)
    5. Bitcoin powered trading platform Whaleclub adds DASH/BTC with 3x leverage (10 points, 0 comments)
    6. GENERAL BYTES new BATMTwo Bitcoin ATMs now shipping, supports DASH (10 points, 0 comments)
  19. 142 points, 3 submissions: dashingtomars
    1. DASH Market Cap Surpasses LTC (73 points, 27 comments)
    2. DASH Breaks $30 (56 points, 51 comments)
    3. EU Parliament states Virtual Currencies cannot be anonymous (13 points, 17 comments)
  20. 138 points, 5 submissions: evand82
    1. 12.1 Announcement / Finalized Date / Project Update (47 points, 19 comments)
    2. Update on 12.1 (32 points, 6 comments)
    3. April 2016 Budget Proposal (21 points, 4 comments)
    4. Please upgrade your testnet masternodes! - 12.1 (21 points, 0 comments)
    5. Enforcement is enabled (17 points, 1 comment)
  21. 120 points, 6 submissions: alex9xxl
    1. Here's Johnny! (34 points, 15 comments)
    2. New ATH DASH/BTC! Give up Bitcoin! (32 points, 30 comments)
    3. Dash to $100 (0.08 BTC) till the end of the day? (19 points, 34 comments)
    4. Bitfinex Adds Market Trading For Dash (Again) (14 points, 9 comments)
    5. Poloniex security notice (12 points, 1 comment)
    6. Buying Dash for investment purposes (9 points, 19 comments)
  22. 116 points, 7 submissions: fearofhellz
    1. The Jaxx Wallet Now Includes Support for Dash (32 points, 2 comments)
    2. Mycelium Wallet Will Support Buying And Selling Dash (22 points, 3 comments)
    3. TigoCTM Adds Dash Support To its Cryptocurrency ATM Network (16 points, 1 comment)
    4. DASH Continues Upward Trend Across Bitcoin and Monero Markets (13 points, 0 comments)
    5. Dash Developers Focus On Fiat Gateways And Partnerships – The Merkle (12 points, 3 comments)
    6. Jaxx Developers Hint At Upcoming DASH Integration (11 points, 3 comments)
    7. DASH Price Remains Resilient Despite Lackluster Trading Volume – The Merkle (10 points, 1 comment)
  23. 116 points, 3 submissions: Hillscent
    1. Dash moves up to number 6! (52 points, 18 comments)
    2. From 100% Bitcoin to 75% Bitcoin 25% Dash (34 points, 17 comments)
    3. New All Time High Market Cap for Dash (30 points, 17 comments)
  24. 114 points, 8 submissions: SilentLennie
    1. Chris Dunn: Currency Competition & The Future Of Money (with Amanda B. Johnson) (25 points, 12 comments)
    2. Dash Youtube channel: Dash is Financial Privacy (17 points, 0 comments)
    3. The Cryptoverse: How Tax Law Applies to DASH and Masternode Operators In USA (The Cryptoverse #237) (13 points, 1 comment)
    4. 24h high is over US $100 on WorldCoinIndex (12 points, 2 comments)
    5. Dash gained the most of the top currencies the past 7 days, let's hope it continues that way (12 points, 3 comments)
    6. Genesis Mining has run out of X11 (DASH mining) (12 points, 3 comments)
    7. Why Amanda B. Johnson loves Dash (12 points, 48 comments)
    8. Dash is the solution to Bitcoin problem of privacy and speed. (11 points, 0 comments)
  25. 114 points, 5 submissions: coinwatch
    1. Dash price broke $16 (34 points, 3 comments)
    2. Oh my $51!! (27 points, 21 comments)
    3. Dash reaches all time high of $29 (26 points, 12 comments)
    4. Dash price hits $15 (15 points, 0 comments)
    5. Dash sets all time high of $39 (12 points, 4 comments)

Top Commenters

  1. Basilpop (1541 points, 524 comments)
  2. Amanda_B_Johnson (1285 points, 577 comments)
  3. ashmoran (480 points, 194 comments)
  4. Bitcoin_Chief (368 points, 142 comments)
  5. tungfa (367 points, 204 comments)
  6. wackyD1982 (313 points, 147 comments)
  7. SilentLennie (281 points, 134 comments)
  8. thedesertlynx (281 points, 102 comments)
  9. IronVape (258 points, 84 comments)
  10. MasterMined710 (251 points, 164 comments)
  11. TaoOfSatoshi (250 points, 108 comments)
  12. thesleepthief (229 points, 86 comments)
  13. __technoir__ (222 points, 56 comments)
  14. Pink-Fish (211 points, 109 comments)
  15. TheDashGuy (189 points, 81 comments)
  16. taushet (185 points, 72 comments)
  17. davebazzel (185 points, 64 comments)
  18. newhampshire22 (175 points, 57 comments)
  19. stealth923 (163 points, 39 comments)
  20. Dashriprok (156 points, 61 comments)
  21. dashtipbot (151 points, 141 comments)
  22. NibiruHybrid (150 points, 50 comments)
  23. MrNotSoRight (148 points, 72 comments)
  24. adiiorio (138 points, 32 comments)
  25. Technologov (132 points, 51 comments)

Top Submissions

  1. Why dash REALLY exploded in price by ChooseAgodAndPray (94 points, 85 comments)
  2. I did my first @Dashpay payment yesterday. I moved $100K for ~0.3 cents, and was confirmed in the next block. Bitcoin used to work that well - Roger Ver on Twitter by goto1415 (87 points, 23 comments)
  3. DASH Market Cap Surpasses LTC by dashingtomars (73 points, 27 comments)
  4. Dash has joined the Jaxx family (Official Announcement) by adiiorio (65 points, 35 comments)
  5. Apple. We're Digital Currency Experts Now. by Amanda_B_Johnson (65 points, 25 comments)
  6. Jaxx: "Apple has accepted Dash into their App Store as an "approved" cryptocurrency" by bmed4u (65 points, 20 comments)
  7. DASH’s. Best. Day. Yet. | DASH: Detailed by Amanda_B_Johnson (62 points, 31 comments)
  8. (Pre-Proposal) DASHPayCard - DASH Branded Debit Card + Fiat/Dash Integration by Bitcoin_Charlie (61 points, 36 comments)
  9. DASH Breaks $30 by dashingtomars (56 points, 51 comments)
  10. Dash hits $100 by SatoshiRoshi (54 points, 55 comments)

Top Comments

  1. 30 points: deleted's comment in Welcome new users! Let's have an AUA (Ask Us Anything) - We will answer all your questions so fire away!
  2. 24 points: Bitcoin_Chief's comment in Tone Vays predicts that someone is going to hack and take all of the dash out of the masternodes(1:18:30).
  3. 24 points: EncryptionPrincess's comment in 'Ask ABJ!' -- Amanda Answers 18 Questions From Viewers
  4. 24 points: Jaxx_adiiorio's comment in Jaxx on Twitter: "This weekend we're giving away 200 DASH ($2400US), to participate have Jaxx installed (all but iOS) & @Dashpay wallet active. More into to come."
  5. 22 points: COHthebestRTS's comment in 18 Dollar Hype!
  6. 22 points: __technoir__'s comment in 'We're Doing the Planning That Takes Us to 1 Billion" - Ryan Taylor, Dash Director of Finance
  7. 22 points: stealth923's comment in Tone Vays predicts that someone is going to hack and take all of the dash out of the masternodes(1:18:30).
  8. 21 points: Stereoscopic_Salute's comment in Where are you coming from newcomers?
  9. 20 points: Basilpop's comment in Yea baby, congrats for the $100M market cap!
  10. 20 points: wsmithston's comment in With current price Dash's budget allows us to hire 70 developers/testers with 120k$/year salary. No other cryptocurrency can achieve this level of independence from third parties (like Blockstream in BTC).
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Bybit vs Bitmex 2020 - Which is the Best Crypto Margin Trading Exchange BitMEX Margin Trading – How to trade video tutorial BitMEX Margin Trading Tutorial Margin Trading on Bitmex Diferencia entre Trading y Funding en Bitfinex

BitMEX facilitates margin trading for cryptocurrencies and has gained quite a lot of respect in the cryptosphere in a rather short period of time. The team comprises of experienced developers, economists, and high-frequency algorithm traders, which makes it a reliable product. Conclusion: Binance Vs. BitMEX. Binance is a world-class crypto exchange, which is constantly innovating and becoming go-to exchange for every purpose. BitMex on the other hand is around for years and trusted by many margin traders. However, Binance margin trading feature has made it way better and idle choice between these two. BitMex vs Binance: Margin trading. Bitmex offers margin trading in all of the cryptocurrencies displayed on the website. It also offers to trade with futures and derivatives – swaps. On BitMEX, users can leverage up to 100x on certain contracts. Bitfinex is a cryptocurrency exchange, which also provides margin trading. The leverage ratio may seem low to experienced forex traders, but this is due to wild and unpredictable nature of cryptocurrencies. At the time of writing of this review Bitfinex is the largest Bitcoin exchange, in terms of volume. The company, security of funds And, as far as for crypto margin trading is concerned, BitMEX is a natural choice and way ahead of Bitfinex in terms of the offering. High leverage combined with deep liquidity, competitive trading fees, and stable trading platform, makes it a suitable choice for traders dealing in derivatives.

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Bybit vs Bitmex 2020 - Which is the Best Crypto Margin Trading Exchange

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