I sold this at 24c. Has anyone bought back in/still holding?

Can get a much bigger stash and the staking returns were good. Any reasons for/against? Any chance this pumps again in the near future?

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scam chink exchange

well the dividend on it is not worth the falling price of the assets. Unless you got in ico otherwise it would be pointless. Ill wait till it drops.

Scam. If not, no one will ever trust this chink garbage.

When BTMX dropped hard, they were suddenly "out of USDT loan" oh nononono.


Buy BGG instead, that will be the next legit exchange w/ shitcoin margin.

this. I dont really trust them, even though the claimed to be wall street expert which made it worst. They prohibited US for a reason so no law can touch them.

Tons of trading services dont allow US because they have really stupid/weird laws which usually exclude them. The same is true in reverse, look at robinhood for example.

thats true. But the btmx is a bit odd in their calculation for the rewarding pool, as far as I can tell BTMX being heavily manipulated to increase the size of of the rewarding pool which means without the increasing number of people using it, they just be eating themselves up to falsify the APR. Even though you may be getting a large dividend in return your asset is depreciating in the short term, so a ponzi scheme that may work once more people start using it. As far as I can tell whales are accumulating so I will buy when it falls a bit more. But for now there are other better assets to invest in. Forget about their margin trading.

>a ponzi scheme that may work once more people start using it
eh, at this point you can say this about most of crypto
I agree that the site is sketchy and doesnt explain shit properly but it worked for me so far even through the giant fudding that was going on here
And yeah I hope it goes a bit lower I want to get in too

but most cryptos are decentralised whereas BTMX is not. Ive seen the caculation and i admit it is quite complicated. Ill let time to go pass to see if they dont exit scam on people.

>but most cryptos are decentralised whereas BTMX is not
I didn't even know this but I still fail to see how it's relevant to anything, they can exit scam or whatever either way

/biz didn’t pick up this coin until it went 300%. They’ll keep calling it a scam all the way up to 50c while shilling and buying all kinds of shitcoins on this exchange.

>Forget about their margin trading.
Why? that's their main attraction.

it isnt a bad thing, but it more prune to exit scam as compare to bitcoin. They also more controlled, biz hate xrp for a reason.
high risk high rewards, go for it if u done ur research. As someone pointed out with 10K btmx once a bull run start, the passive income will be $4200 per month.

well you have heard of story from people here, those are not fud.

I have not really followed the drama, quick rundown?

I only got in after the moon and crash, made some sats from the crash, got in at 1500 and 2000 and sold at 2500, I got back in at 2000 and am still holding some, want to get more if it gets to 1500 or 1700

their margin are based on assets, such as bitcoin or btmx. Since it was new not many people understood how its works, as it is different to bitmex. So as the price of asset drops so too is ur margin loan, which leads to a lot of people getting liquidated. The system allows whaled to manipulated the price of the asset, by dumping BTMX to the ground if you had BTMX as your staking for margin.

You act like thats a bad thing? Makes total sense that if the price of the leveraged asset drops you get liquidated.
I think you can leverage in usdt or maybe btc if you want to avoid this.

not at all, but i think the main problem right is the limitation to the amount that they can lend out and the limit the placed on margin. As for now, i think max is 3x. So if you like to margin i dont think this exchange is better than others.

SCAMMERS

Zipper head George CAO is a SCAMMER

same faggot spamming all bitmax threads. GO KILL YOURSELF

SCAM ALERT SCAM ALERT SCAM ALERT

>SCAM ALERT SCAM ALERT SCAM ALERT

SCAM ALERT SCAM ALERT SCAM ALERT

>SCAM ALERT SCAM ALERT SCAM ALERT

SCAM ALERT SCAM ALERT SCAM ALERT

>SCAM ALERT SCAM ALERT SCAM ALERT

SCAM ALERT SCAM ALERT SCAM ALERT

>SCAM ALERT SCAM ALERT SCAM ALERT

SCAM ALERT SCAM ALERT SCAM ALERT

>SCAM ALERT SCAM ALERT SCAM ALERT

SCAM ALERT SCAM ALERT SCAM ALERT

>SCAM ALERT SCAM ALERT SCAM ALERT

Do you think BGG can do a similar run

this is just the next scam that will be dumped on your sorry ass foggot

Bitmax News - 4 Added Reasons for Excitement and more Bullishness

Reports rumored to be announced soon:key:.

1. There will be a locked token trade model opening - 5% of the trading amount will be permanently locked each time = higher burn/permanant lock rate for BTMX.

2. Bitmax will be launching their US fiat platform live shortly, allowing Bitmax to become the only versatile platform on the market - Fiat platform + altcoin trading + leverage (Coinbase + Binance + Bitmex)

3. Bitmax provides ($240/month for $7600 worth of BTMX) on locked tokens - considerably higher then Metahash - aswell as Ontology which provides only approx $80/month for staking $7600 worth of ONT and also takes 20 days to release the payment.

4. Bitmax is applying for US brokerage, ATS license and Reg A+ of BTMX. This may take considerable time (1-2 years) but it will have significant impact. Each of the mentioned Bitmax application licenses are national in the United States, meaning it will expand the market for Bitmax to ALL 50 states in the US. Recently, Everex which got approval from the state of New Jersey, had its token price increase five times.

I dunno. Their volume is keeping at over 100m on slow days, 150-200+m on volatile days. 2 weeks ago when the FOMO happened 70-80m volume was a big day for bitmax. Since the market is bullish again the stablecoin whales are a little less active on that side. APR is growing at 1.5% per day still at 100m volume. Still going to keep that pace for 4 more months. PAX whales are doing some manipulation, but maybe it was just a whale dumping everything to go back in btc because it happened right as market turned bull

SCAMMERS GEORGE CAO IS A SCAMMER

SCAMMERERS GEORGE CAO IS A SCAMMER

SCAMMERS GEORGE CAO IS A SCAMMER


THAT ZIPPER HEAD GEORGE CAO WILL KEEP YOUR FUNDS HOSTAGE AND HE WILL CHANGE THE RULES TO HIS BENEFIT AND BLAE IT ALL ON HACKERS /P N D GROUPS IF YOU WANT TO NEVER SEE YOUR FUNDS AGAIN THEN GO AHEAD AND USE BITMAX AND GET FUCKED

SCAMMERS GEORGE CAO AND BITMAX

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the ceo of bitmax is a convicted drug dealer and fraudster. he also pee'd on a girl in public

the chink exchange is insolvent. there is no money for people to withdraw funds. i tried to withdraw 200 eth yesterday and it said pending review. im fully kyc verified btw. i had to go on telegram and threaten legal action to force them to do it

ponzi

I forgot to mention that BitMax has paid damage control shills working OT on social media to restore BitMax image. They will post stupid shit like this thdread and they will reply to it. Don't fall for that shit.The Admins were called out on their Telegram during the HACK .THey were asked about the Jow Forums Biz fud. The Admins replied that they checked 4 Chan Biz and found no threads...fucken hell there was about 15 different threads going on...

BitMax is a SCAM

George Cao is a SCAM

FUCK GEORGE ZIPPER HEAD CAO

you dont need to fud mate, as far as biz know when the time comes all these exchanges will be killed. So enjoy your accumulation and take profit while u can.

seems more likely there are paid people to FUD against bitmax, and more than likely the entity who manipulated and dumped on the market is behind it

only people that can't withdraw are the ones that owe money on their liquidated margin account

>seems more likely there are paid people to FUD against bitmax, and more than likely the entity who manipulated and dumped on the market is behind it
>only people that can't withdraw are the ones that owe money on their liquidated margin account
deposit 200 eth on bitmax.. then try to withdraw it.. it will say "pending review".

the ceo manipulated the price.. and dumped the market....

chink wash trading scam exchange

ii bet ur one of the pajeets they paid to fix bitmax image

it dumped literally right after they added pax pair

the stablecoin whales have been farming tokens for months on pax side, and btc turned bullish at the same time. I withdrew 10k$ worth a few days ago just fine. If people were having that much problems withdrawing their 20k member telegram would be a madhouse and the volume on the exchange wouldn't be doing so well. "muh fake volume", okay retard, why not just put it at 500m, 1b, fuck why not 100 billion? why refund people their btmx tokens? why give away chx after they already dumped it and "exit scammed"? you think all those people who bought chx on idex so they can dump it on bitmax listing couldn't withdraw?

All the brainlets fudding this exchange are unironically giving me more confidence to grab some tokens at this price.

Thanks anons

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BTMX FUDDERS BTFO

You're right, then again this is crypto. So why should i try and warn these user's after all it is their money. I just wish i would of got a fair warning then again BitMax hadn't pulled the SCAM yet so there was no warning.To those of you actually thinking of buying and using this exchange

Go ahead you were warned but when BitMax pulls some new BS SCAM and keeps your funds you have no one but yourself to blame because Biz warned you.

BitMax is great
BitMax is a reliable exchange
BitMax is going to make you rich
BitMax will make all your dreams come true..

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>All the brainlets fudding this exchange are unironically giving me more confidence to grab some tokens at this price.
>Thanks anons
go ahead and try withdraw alot of eth from the exchange

Same here user, last time there was major bitmax fud was the last time I made some gains