Binance has introduced margin trading, us this going to push all the crypto market to the moon or just more volatility bigger losses and more risk...?
Binance
Joseph Howard
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Josiah Sullivan
What is margin trading
Luis Taylor
>largest exchange by real volume opens up shorting of shitcoins
>is this mean moon
user, I..
Jose Cooper
Hey you should slap your self, it's a valid question margin trading is both ways, are you a crypto sceptic? Medium term and long term the overall trend is long even for a lot of alt coins. Next time you should slap your self hard before writing something dumb.
Caleb Price
We've always been able fo make money buying but now we can make money selling. What happened to bitcoin in 2017 when futures shorts were opened. Almost to the day it dropped like a rock. Hundreds of billions in market cap gone *poof*. If you don't think shorting is bad for crypto I don't know what to tell you.
Ryan Thomas
Borrow funds from exchang to sell or buy stuff, you guarantee with your funds. Effectively you increase the risk exposure of your trades on the exchange
Angel Gutierrez
Do you see the price of bitcoin now is it lower or higher then when marging was introduced, or futures. Or even the normal stock market do you think it's lower than when they introduced. Only fools 100% certain of everything they think they "know"
James Gonzalez
more gambling, less buying to hodl
welcome to bartworld
and price of shitcoin doesn't need to be high for degenerates to make money
Leo Jones
you need to hold btc margin trade binance, so it does nothing overall
Michael Harris
It is where you bet using others money.
Something you should not do
Christian Martinez
Its lower I just lost hundreds due to this gay news. Stop being a fucking greedy jew
Joseph Wilson
Lots of exchanges offered shorting long before Binance... Bitfinex, Poloniex, Huobi, OKEx, Gate.io to name a few
Xavier Clark
>you fucking crypto babbies crack me up
VOLUME
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Dylan Bailey
Huobi is among the top exchanges by volume.. What's your point?
Jose James
>Huobi """volume"""
Jordan Perry
It's a top exchange among gooks. Only round-eyed piggos use Binance.
Noah Thompson
learn reading order books and trade history
Samuel Sanders
I did
Andrew Scott
>It's a top exchange among gooks. Only round-eyed piggos use Binance.
It's not a top exchange anywhere. At best it does 40 million a day total. The other 960 million recoreded is fake. Look at the order book, look at the volume chart, watch the tape. None of it matches what real volume looks like. The spread is painted like it's close but try to actually get an order filled there. You can't cuz it's not real. There are no actual buyers in the middle. The volume bar chart at the bottom doesn't track the volume charts on other real exchanges. It doesn't spike correctly or at the right times. That volume doesn't dip in sync with the rest of the market. Cuz it's fake. The order book is essentially random. People don't make random orders, they anchor on round numbers like 50 and 100 but their book doesn't do that. Cuz the orders are fake.
You and the rest of the babbies have been fed a lie. Hahahahahahaahahaahahaha. And of course you persist when the truth stares you in the face. Kys
Jacob Taylor
What exchange are you fucking talking about? I used Huobi, it's liquid as fuck, with a tight spread on most pairs too. You must be referring to an actual fake exchange like bitforex. What about bot activity, Binance is replete with it just as much.
Liam Long
Just stop it
Nathaniel Turner
Yeah, yeah, sure you're right, there is just one real exchange in the world - BINANCE, other exchanges are mostly fake anyway even if the traffic stats say otherwise...
Justin Butler
Btw I regularly see how low-volume coins on Binance are wash-traded by one single bot, but sure they're "real people" in the eyes of Binance maximalists
Connor Butler
Incorrect. It's where you bet with your own money at a extremely high risk. Protip, short at 3x and then increase the multiplier if you are correct. You can make money.
Nathan Campbell
You're missing the point of the thread. I don't care about fantasy numbers from the likes of Huobi or Bibox or Coinbene or however many other websites you can name that exist merely to convince naive projects to pay high losting fees, I'm talking about actual the actual exchange Binance. The largest in the world of real spot volume with between 800 million and 1.2 billion dollars on any given day. 20 times what Huobi *actually* does. That massive juggernaut now gives their customers the ability to short. This will depress the price of crypto. Simple as that. Give this many customers with that many aggregate dollars the ability to profit off coins going down and coins will go the fuck down. Accept it.
Adam Walker
Binance's "800 million and 1.2 billion dollars" volume is just as fake considering the wash trading, spoofing by bots etc. The tape and order book spoofing you mentioned is just as prevalent. And don't be a pretentious little cunt, the biggest altcoin season (perhaps the biggest ever) happened before Binance even came into existance. It doesn't all hinge on Binance.
>that exist merely to convince naive projects to pay high losting fees
How is Digibyte doing on Binance, by the way? Listed already, for the sake of its tech, of course?
Gavin Flores
bump