Bitcoin Trading Basics - FXCM Arabic (EN)

FXCM Forex Trading Company now Offers Clients Bitcoin CFDs

FXCM Forex Trading Company now Offers Clients Bitcoin CFDs submitted by MundoMoedas to Cryptochillout [link] [comments]

FOREX LIVE SIGNALS GBP/AUD

FOREX LIVE SIGNALS GBP/AUD
02/20/2020 | 14:28 (UTC+9:00)
SELL AT 1.94133 | STOP LOSS 1.94921
TP IS FOR YOU TO SET UP
But with my indicators you know exactly where and when to enter and get out of trades.
FOR MY SECRET STRATEGY AND INDICATORS DM ME ON TELEGRAM @ pafxss 💹✅📡
Sign up with FXchoice, the fastest withdrawal time in the industry (only take hours if you use bitcoin option).
Use my link below and receive 15% Deposit Bonus.
https://my.myfxchoice.com/registration/?refer=339139
Join my Facebook Group https://www.facebook.com/groups/priceactionsignals/
#priceaction #forexsignals #forexsignal #forex #forexanalysis #pafxss #forextrader #usdcad #daytrader #bitcoin #forexlif #forexbroker #eurusd #eurtry #usdtry #xauusd #gbpusd #alpari #hotforex #fxcm #oanda

02/20/2020 GBP/AUD
submitted by Rudenko to PriceAction_FxSignals [link] [comments]

FOREX SIGNAL AUD/JPY

FOREX SIGNAL AUD/JPY
02/20/2020 | 12:48 (UTC+9:00)
BUY AT 74.110 | STOP LOSS 73.684
TP IS FOR YOU TO SET UP
But with my indicators you know exactly where and when to enter and get out of trades.
FOR MY SECRET STRATEGY AND INDICATORS DM ME ON TELEGRAM @ pafxss 💹✅📡
Sign up with FXchoice, the fastest withdrawal time in the industry (only take hours if you use bitcoin option).
Use my link below and receive 15% Deposit Bonus.
https://my.myfxchoice.com/registration/?refer=339139
Join my Facebook Group https://www.facebook.com/groups/priceactionsignals/
#priceaction #forexsignals #forexsignal #forex #forexanalysis #pafxss #forextrader #usdcad #daytrader #bitcoin #forexlif #forexbroker #eurusd #eurtry #usdtry #xauusd #gbpusd #alpari #hotforex #fxcm #oanda
20/02/2020 AUD/JPY
submitted by Rudenko to PriceAction_FxSignals [link] [comments]

FOREX SIGNAL USD/CAD

FOREX SIGNAL USD/CAD
02/20/2020 | 02:19 (UTC+9:00)
SELL AT 1.322.47 | STOP LOSS 1.32846
TP IS FOR YOU TO SET UP
But with my indicators you know exactly where and when to enter and get out of trades.
FOR MY SECRET STRATEGY AND INDICATORS DM ME ON TELEGRAM @ pafxss 💹✅📡
Sign up with FXchoice, the fastest withdrawal time in the industry (only take hours if you use bitcoin option). Use my link below and receive 15% Deposit Bonus.
https://my.myfxchoice.com/registration/?refer=339139
Join my Facebook Group https://www.facebook.com/groups/priceactionsignals/
#priceaction #forexsignals #forexsignal #forex #forexanalysis #pafxss #forextrader #usdcad #daytrader #bitcoin #forexlif #forexbroker #eurusd #eurtry #usdtry #xauusd #gbpusd #alpari #hotforex #fxcm #oanda

02/20/2020
submitted by Rudenko to PriceAction_FxSignals [link] [comments]

FOREX LIVE SIGNALS EUR/GBP 💹✅📡

FOREX LIVE SIGNALS EUGBP 💹✅📡
02/20/2020 | 17:25(UTC+9:00)
BUY AT 0.83719 | STOP LOSS 0.82839
TP IS FOR YOU TO SET UP
But with my indicators you know exactly where and when to enter and get out of trades.
FOR MY SECRET STRATEGY AND INDICATORS DM ME ON TELEGRAM @ pafxss 💹✅📡
Sign up with FXchoice, the fastest withdrawal time in the industry (only take hours if you use bitcoin option).
Use my link below and receive 15% Deposit Bonus.
https://my.myfxchoice.com/registration/?refer=339139
Join my Facebook Group https://www.facebook.com/groups/priceactionsignals/
#priceaction #forexsignals #forexsignal #forex #forexanalysis #pafxss #forextrader #usdcad #daytrader #bitcoin #forexlif #forexbroker #eurusd #eurtry #usdtry #xauusd #gbpusd #alpari #hotforex #fxcm #oanda

02/20/2020 EUGBP
submitted by Rudenko to PriceAction_FxSignals [link] [comments]

weekly view on the Currency Market 2019/11/11

This is the weekly updated analysta markets analysis. Here we look at some of the world's most important currencies to give you an idea of ​​current developments in the currency market. We look at US Dollar, Euro, Japanese Yen, Pound Sterling, Australian Dollar, Swiss Franc and Bitcoin, witch are some of the most traded currencies by value.

The graph shows today`s charts of USD/JPY, EUUSD, GBP/USD, EUCHF, AUD/USD and BTC/USD. The last two charts are showing Dow Jones FXCM Dollar Index and below the World Currency Unit in US Dollar calculated by ICE Data Services.
Before it's here, it's on analysta.net ;-)
...read the full text here:
https://www.analysta.net/2019/11/11/weekly-view-on-the-currency-market-2019-11-11/
submitted by analysta_trading to u/analysta_trading [link] [comments]

"I've done work for currency brokers, financial exchange operators.." -- Professional Reddit spammer/shill

This is kind of a cross-post from bitcoin, but the angle I found interesting was a bit different:
https://youtu.be/YjLsFnQejP8?t=215
{Screenshot}
Apparently in this little investigation into professional shills who manipulate reddit, they talk to a guy who says his prior clients have been none other than financial exchange companies.
Recently there's been a little drama about Whaleclub bucketshop CFD site manipulating votes and manufacturing stealth ads on this subreddit. See this callout by BitMEX Sam. Sockpuppetry is an issue most of us are familiar with in general.
It's hard to really filter out the fake-forced stealth-promoted content from the natural content on a markets forum like this. And we traders are part of a demographic of high-risk takers that makes the whole industry a really big target of scammers.
Do others on this subreddit feel like this issue isn't being properly policed in the current rules?
What guidelines would make sense to prevent the manufactured promoted stuff Exchange X pushes (who just wants to get names dropped for SEO and recognitio) without affecting the legit posts people have about Exchange X?
submitted by theswapman to BitcoinMarkets [link] [comments]

Bitcoin Breakout Strategy (Python)

https://github.com/fxcm/RestAPI/blob/mastePython-Live-Trading-Examples/Bitcoin%20Breakout%20Strategy.py
The algo looks to take advantage of Bitcoin’s volatility by getting into a breakout trade as soon as it occurs, using real time streaming tick data via WebSocket.
This strategy buys the moment Bitcoin’s price breaks above the 24-hour high and sells the moment Bitcoin’s price breaks below the 24-hour low. Profit targets (limit orders) are set at 1.5x the distance between the 24-hour high and low. While no actual stop loss orders are set for each trade, the strategy automatically closes out a trade when an opposing signal occurs (i.e. closes buy trades when a sell breakout occurs, closes sell trades when a buy breakout occurs.) This effectively gives the strategy a built in trailing stop.

Try it out and let me know your thoughts.
(Losses can exceed deposits)
submitted by JasonRogers to algotrading [link] [comments]

Who in USA trades offshore?

In my option Tallinex offered the best brokerage services offshore to US clients.
They have now stopped taking new customers from the US, which is annoying. I am in the UK but we done a lot of business via Tallinex.
Anyone trading with any other brokers worth while (I've looked at many and didn't like 'em).
Please specify if you have traded with over $25,000. People getting small payments is not generally a problem but we need someone who does well on high volume of funds flowing in.
submitted by inweedwetrust to Forex [link] [comments]

MT4 brokers?

Hi all, new to Forex.
I have $500 I want to learn with. I already have a demo account with TradeKings. I started with their shitty Java platform but have since liquidated that account, moved to MT4. I love the platform but TradeKing's customer service is absolutely appalling so I want to move brokers.
Any ideas on a broker that will take
I was paying at a minimum .30c round trip on my trades at TradeKing forex. With only $500 to start that's taking health chunks out of my trading, especially when I have to set my stops @ 50 pips and it may not make for a decent trade.
Any questions?
submitted by DownhillYardSale to Forex [link] [comments]

Bitcoin (BTC) Breakout Strategy – Free Python Code | Quant News

fintech #trading #algotrading #quantitative #quant #crypto #bitcoin #finance #quants

Bitcoin (BTC) Breakout Strategy – Free Python Code(To download an already completed copy of the Python strategy developed in this guide, visit our GitHub.)In this article, we will code a custom breakout strategy geared specifically towards trading BTC/USD using Python and FXCM’s Rest API / WebSocket. The algorithm looks to take advantage of Bitcoin’s volatility by getting into a breakout trade as soon as a breakout occurs, using real time streaming tick data via WebSocket.This strategy buys the moment Bitcoin’s price breaks above the 24-hour high and sells the moment Bitcoin’s price breaks below the 24-hour low. Profit targets (limit orders) are set at 1.5x the distance between the 24-hour high and low. While no actual stop loss orders are set for each trade, the strategy automatically closes out a trade when an opposing signal occurs (i.e. closes buy trades when a sell breakout occurs, closes sell trades when a buy breakout occurs.) This effectively gives the strategy a built in trail..... Continue reading at: https://www.quantnews.com/bitcoin-btc-breakout-strategy-free-python-code/
submitted by silahian to quant_hft [link] [comments]

Simple economics why hitting the blocksize limit is bad

I'm not an economist, and it's not about what size in specific is right. I would like to offer my thinking on why hitting the limit of blocksize at all, is bad.
The following are the key statements to disprove:
  1. Hitting the blocksize limit will cause transaction delays/failures of non spam transactions
  2. Not being able to transact leads to a loss of faith
  3. Loss of faith results in a lowered valuation/price
In support of #1: Any system that gets to the limits of capacity will fail to perform its intended function both in desired and undesired cases indiscriminately (with some allowance made that fees might favor more spam to fail than non spam).
In support of #2: Bitcoin is many things, but also an investment vehicle and store of wealth. It tends to make people extraordinarily nervous when they feel like they are being prevented from managing their investments/wealth.
In support of #3: The loss of faith leads to readjustments of peoples valuation and to the liquidation of assets whose risk seems to have suddenly increased.
Case examples:
In each of these (and no doubt countless other) instances real concerns met otherwise (more or less) benign systemic problems. And the combination of systemic failures, structural failures and panic made everything worse. Perceived "solutions" become part of the problem, and whole ecosystems take irreparable damage permanently, mostly because of actions and events caused by few.
submitted by pyalot to btc [link] [comments]

[Graph] Krugman's "Bitcoin is not a stable store of value" debunked.

I decided to utilize historic values to examine Krugman's statement:
To be successful, money must be both a medium of exchange and a reasonably stable store of value. And it remains completely unclear why BitCoin should be a stable store of value.
No one will deny that Bitcoin is currently extremely volatile. This is not an examination of that point. This is focused purely on the question of whether, historically, Bitcoin has proven to be a good store of value. No one can predict the future, so the best we have is historical data.
This is particularly of interest to me, give the recent tumble in Bitcoin price, as well as recent reports of the third worst collapse of the dollar in the past decade.
Methodology
To examine the quality of Store of Value, I examined the historical prices of seven different assets. I envisioned a buyer of the asset purchasing it on a given day, and holding it for some length of time (X), ranging between one day and about 3.5 years (which is all the data we have for Bitcoin).
The measurement is this: if you choose a random day to buy the asset, and you buy it at the mid-point price that day, and hold it for X days, what is the probability that it will still have 100% of its value after X days. It seems like a reasonable assumption is that an asset that is a good store of value would perform well in this scenario, and retain 100% of its value a high percentage of the time.
The seven assets were:
  1. Bitcoin purchased on Bitstamp. Data provided by BitcoinCharts.
  2. Bitcoin purchased on Mt. Gox. Data provided by BitcoinCharts.
  3. Bitcoin Freely Exchangeable: For this measurement, I used Mt. Gox prices as mentioned above, until May 13, 2013 (the day before the US Government seized funds), and Bitstamp prices since then. This is an attempt to eliminate the odd pricing on Mt. Gox due to the withdrawal challenges.
  4. The Dow Jones FXCM Dollar Index, data provided by Google Finance. The data for this index was available going back to 4/18/2011. It's an index of the dollar, presumably comparing to other currencies. (This may be mislabeled, calling it a fund. Not sure.)
  5. Spider Gold Shares GLD, an ETF for Gold. Data provided by Yahoo Finance. This data goes back to 11/18/2004.
  6. Spider Gold Shares GLD, for the period that Bitcoin has been traded. Same data source as #5, but a subset of the data.
  7. The US Dollar (1914-2013), reflecting the US monthly inflation rates. This data was provided by usInflationCalculator.com.
In all cases, I used the average of the daily high and the daily low, when available. In the case of the Dollar (1914-2013), I used monthly inflation rates.
In all cases, I set the purchase date to one of the days that the asset was traded. In the case of the Dollar (1914-2013), I utilized the first of the month. And I set the ending valuation date as the next time the asset traded, after X days elapsed. In the case of the Dollar (1914-2013), this would be the first of some future month, after X days had passed.
Results
Here's the Graph.
The best performing asset was buying Bitcoins on Bitstamp. In all cases historically, if you held the asset for 274 days, the asset was still worth 100% of your original investment.
Mt. Gox and the Freely Exchangeable Bitcoin measurements were similar: After 622 days, 100% of the time, your original invested value was retained.
The Dollar fund (index, actually) underperformed all Bitcoin options, when measuring periods less than 243 days. But for periods of between 471 days and 1033 days, 100% of the time, the dollar fund retained its complete value. (No data for periods longer than 1033 days).
The Gold ETF underperformed Bitcoin, whether you looked at the period of Bitcoin being on the market, or the life of the ETF.
And, no surprise, the dollar as measured by inflation, came in dead last. In the past 100 years, it has only retained its value month-over-month about 15% of the time. And the longer you held it, generally, the worse off you were.
All data is available at the sources above, and the computations are available.
The graph of the results is licensed for you to use widely with attribution.
I hope this helps when you are talking to the Krugmans of the world.
(Edit: it's -> its)
submitted by E-GovLink to Bitcoin [link] [comments]

What is "Digital Leverage", How It Can Be Offered In Amounts Exceeding 1,000:1, and Why Is It Safer Than Brokerage Margin Accounts?

Cross-posted from http://www.reddit.com/BitcoinDerivatives/:
I was asked how the UltraCoin wallet was able to supply leverage to BTC holders through their wallets and wanted to take the time to give a thorough, complete answer (as compared to the curt answer that was given earlier, my apologies). This is a layman explanation, or at least a verbose explanation. TL;DR, I will take some words to explain this, if you don't have the time to read it, the quick answer is that we use a multiplier - if you do have the time, please read on for that word doesn't truly capture all of what is going on.
I was asked how the margin was supplied, and I answered digitally. Many people in the financial industry doubt bitcoin and particularly blockchain related inventions because it differs from the perception of physically based financial entities in that bitcoin is primarily digital (although the currency and the vast amount of assets in physically based vehicles are primarily digital as well). When you go to your bank, and see your savings account with $800k in it, you are not looking at a vault with 800k pieces of paper in it, back by 800k little pieces of gold bullion or US military might units (guns). We all know that if we all went to the bank and asked for those pieces of paper, the bank will say "no" or collapse in the process of trying to comply because the (actual asset-back) paper is not there or is there only in fractional amounts. This is known as fractional reserve banking. Anybody who deals primarily in major currencies deals with digital currencies and digital assets, and if you deal with money center banks you are dealing with digital loans, primarily "digital margin". How is that, you may ask?
Well, when the Federal Reserve and the Treasury decided that the banking system needed more liquidity, they didn't go to the US mint and say, start making more quarters, nickels, dimes and dollars, they booted their computers and pushed a button that multiplied the money supply. They literally used a calculator and pushed the "X" button to put more "digital" money in the system. Of course that "new" "digital" "money" was backed by no more economic value than the smaller, older amount of money was so they essentially lowered the value of each dollar by adding more dollars (in numeric terms) to the system without a requisite increase in economic value to back said dollars, then took those new dollars (that were worth less per dollar) and sent them to failing banks to bail them out. The rub is, economically the banks weren't truly bailed out, they got more money that was worth less, so essentially were in the same position that they were in before... BUT>>>>> The banks knew that most people and entities prefer to see the numbers and physical representations of value vs. the actual value itself, so they got away with the charade that is the multiplier effect. That's fractional reserve banking and Keynesian economic policy at its finest.
We, at Veritaseum do the same thing as the central banks do, add a multiplier to the money to give you a greater level of buying power - save for one big difference, and what I would like to consider a truly saving grave. Our digital money is finite and although it is infinitely multipliable, it is always backed by the same amount of economic value per unit. So, if we multiply your exposure of $10 by a factor of 10(x), you get $100 of buying power. If you lose that money for whatever reason, it is gone, taken by the counterparty that won the trade. We can print you more money by pushing that "X" button just like the Fed, but you have to put up more economic value (in terms of BTC, which freely floats against other currencies to measure and gauge the market's perception of its economic value). We don't create the (perception of) value out of thin air, we just create the credit and by virtue of the way the system is constructed, you are forced to back said credit with the requisite value of the proposed trade - UP FRONT. If you lever $10 by 10x you don't have to put $100 up front (you can put any amount you want up front - $10, $15, $100, even $1000) but you will have the trade closed out and unwound for you automatically by the server once you have exhausted your real value backing the digitally "printed" money that we supplied to you. Thus, if you put up $10, and levered it 10x, you now have $100 or buying power. If the underlying moves 10% in your favor you get a 100% return on your money. If it moves 30% in your favor, you still only get a 100% return on your money because your gains (and losses) are bounded by the economic value that you put up front. You can't make (or lose) more than you have to wager, you can make or lose it much faster though, by turning up the multiplier effect. So, if the underlying asset moved against you 10%, the server will unwind the trade automatically because your counterparty is no longer protected with real assets in case of default. With UltraCoin, you can NEVER have negative account equity, there can NEVER be a case of FXCM, LTCM or Man Financial.
If we let you make more money than economic value that you put up front, well... then we will be acting in the same vein as the central banks and money center banks, to eventually have the same effect, booms, busts, and crashes with counterparties getting crushed by entering into deals where the other side couldn't possible pay. Think Bear Stearns (which I predicted their fall 3 months before the fact where Wall Street and ratings agencies still had buys and investment grade ratings - http://boombustblog.com/reggie-in-the-news/item/128, Lehman (predicted their fall months ahead of time as well http://boombustblog.com/reggie-in-the-news/item/154, WaMu (where I did the same), Man Financial, FXCM, etc. I actually know the global financial system rather well, so when I saw the potential of the bitcoin blockchain and a real application that could change the way financial transactions are done, folded up camp in my advisory business and jumped in the bitcoin fray head first - all in!
This new, blockchain-based, method of digital margin protects your counterparty from getting inflated dollars in lieu of real actual value despite the fact that you both entered the trade using "digitally printed money".
I see this as the best of both world, the digital world and the physical world. Now, I could have answered the question simply by saying we use multipliers, but if I did then I'm sure many would get the wrong impression and think that we're doing the same thing that the Fed or the Bank of England or the ECB does. We do, but we don't. I hope that fully answers your question, and if not, you know I'm always here to have at it again.
submitted by Reggie-Middleton to Bitcoin [link] [comments]

What is "Digital Leverage" and How It Can Be Offered In Amounts Exceeding 1,000:1?

I was asked how the UltraCoin wallet was able to supply leverage to BTC holders through their wallets and wanted to take the time to give a thorough, complete answer (as compared to the curt answer that was given earlier, my apologies). This is a layman explanation, or at least a verbose explanation. TL;DR, I will take some words to explain this, if you don't have the time to read it, the quick answer is that we use a multiplier - if you do have the time, please read on for that word doesn't truly capture all of what is going on.
I was asked how the margin was supplied, and I answered digitally. Many people in the financial industry doubt bitcoin and particularly blockchain related inventions because it differs from the perception of physically based financial entities in that bitcoin is primarily digital (although the currency and the vast amount of assets in physically based vehicles are primarily digital as well). When you go to your bank, and see your savings account with $800k in it, you are not looking at a vault with 800k pieces of paper in it, back by 800k little pieces of gold bullion or US military might units (guns). We all know that if we all went to the bank and asked for those pieces of paper, the bank will say "no" or collapse in the process of trying to comply because the (actual asset-back) paper is not there or is there only in fractional amounts. This is known as fractional reserve banking. Anybody who deals primarily in major currencies deals with digital currencies and digital assets, and if you deal with money center banks you are dealing with digital loans, primarily "digital margin". How is that, you may ask?
Well, when the Federal Reserve and the Treasury decided that the banking system needed more liquidity, they didn't go to the US mint and say, start making more quarters, nickels, dimes and dollars, they booted their computers and pushed a button that multiplied the money supply. They literally used a calculator and pushed the "X" button to put more "digital" money in the system. Of course that "new" "digital" "money" was backed by no more economic value than the smaller, older amount of money was so they essentially lowered the value of each dollar by adding more dollars (in numeric terms) to the system without a requisite increase in economic value to back said dollars, then took those new dollars (that were worth less per dollar) and sent them to failing banks to bail them out. The rub is, economically the banks weren't truly bailed out, they got more money that was worth less, so essentially were in the same position that they were in before... BUT>>>>> The banks knew that most people and entities prefer to see the numbers and physical representations of value vs. the actual value itself, so they got away with the charade that is the multiplier effect. That's fractional reserve banking and Keynesian economic policy at its finest.
We, at Veritaseum do the same thing as the central banks do, add a multiplier to the money to give you a greater level of buying power - save for one big difference, and what I would like to consider a truly saving grave. Our digital money is finite and although it is infinitely multipliable, it is always backed by the same amount of economic value per unit. So, if we multiply your exposure of $10 by a factor of 10(x), you get $100 of buying power. If you lose that money for whatever reason, it is gone, taken by the counterparty that won the trade. We can print you more money by pushing that "X" button just like the Fed, but you have to put up more economic value (in terms of BTC, which freely floats against other currencies to measure and gauge the market's perception of its economic value). We don't create the (perception of) value out of thin air, we just create the credit and by virtue of the way the system is constructed, you are forced to back said credit with the requisite value of the proposed trade - UP FRONT. If you lever $10 by 10x you don't have to put $100 up front (you can put any amount you want up front - $10, $15, $100, even $1000) but you will have the trade closed out and unwound for you automatically by the server once you have exhausted your real value backing the digitally "printed" money that we supplied to you. Thus, if you put up $10, and levered it 10x, you now have $100 or buying power. If the underlying moves 10% in your favor you get a 100% return on your money. If it moves 30% in your favor, you still only get a 100% return on your money because your gains (and losses) are bounded by the economic value that you put up front. You can't make (or lose) more than you have to wager, you can make or lose it much faster though, by turning up the multiplier effect. So, if the underlying asset moved against you 10%, the server will unwind the trade automatically because your counterparty is no longer protected with real assets in case of default. With UltraCoin, you can NEVER have negative account equity, there can NEVER be a case of FXCM, LTCM or Man Financial.
If we let you make more money than economic value that you put up front, well... then we will be acting in the same vein as the central banks and money center banks, to eventually have the same effect, booms, busts, and crashes with counterparties getting crushed by entering into deals where the other side couldn't possible pay. Think Bear Stearns (which I predicted their fall 3 months before the fact where Wall Street and ratings agencies still had buys and investment grade ratings - http://boombustblog.com/reggie-in-the-news/item/128, Lehman (predicted their fall months ahead of time as well http://boombustblog.com/reggie-in-the-news/item/154, WaMu (where I did the same), Man Financial, FXCM, etc. I actually know the global financial system rather well, so when I saw the potential of the bitcoin blockchain and a real application that could change the way financial transactions are done, folded up camp in my advisory business and jumped in the bitcoin fray head first - all in!
This new, blockchain-based, method of digital margin protects your counterparty from getting inflated dollars in lieu of real actual value despite the fact that you both entered the trade using "digitally printed money".
I see this as the best of both world, the digital world and the physical world. Now, I could have answered the question simply by saying we use multipliers, but if I did then I'm sure many would get the wrong impression and think that we're doing the same thing that the Fed or the Bank of England or the ECB does. We do, but we don't. I hope that fully answers your question, and if not, you know I'm always here to have at it again.
submitted by Reggie-Middleton to BitcoinMarkets [link] [comments]

A Layman-friendly Explanation of How UltraCoin Can Supply 10,000x Leverage

I was asked how the UltraCoin wallet was able to supply leverage to BTC holders through their wallets and wanted to take the time to give a thorough, complete answer (as compared to the curt answer that was given earlier, my apologies). This is a layman explanation, or at least a verbose explanation. TL;DR, I will take some words to explain this, if you don't have the time to read it, the quick answer is that we use a multiplier - if you do have the time, please read on for that word doesn't truly capture all of what is going on.
I was asked how the margin was supplied, and I answered digitally. Many people in the financial industry doubt bitcoin and particularly blockchain related inventions because it differs from the perception of physically based financial entities in that bitcoin is primarily digital (although the currency and the vast amount of assets in physically based vehicles are primarily digital as well). When you go to your bank, and see your savings account with $800k in it, you are not looking at a vault with 800k pieces of paper in it, back by 800k little pieces of gold bullion or US military might units (guns). We all know that if we all went to the bank and asked for those pieces of paper, the bank will say "no" or collapse in the process of trying to comply because the (actual asset-back) paper is not there or is there only in fractional amounts. This is known as fractional reserve banking. Anybody who deals primarily in major currencies deals with digital currencies and digital assets, and if you deal with money center banks you are dealing with digital loans, primarily "digital margin". How is that, you may ask?
Well, when the Federal Reserve and the Treasury decided that the banking system needed more liquidity, they didn't go to the US mint and say, start making more quarters, nickels, dimes and dollars, they booted their computers and pushed a button that multiplied the money supply. They literally used a calculator and pushed the "X" button to put more "digital" money in the system. Of course that "new" "digital" "money" was backed by no more economic value than the smaller, older amount of money was so they essentially lowered the value of each dollar by adding more dollars (in numeric terms) to the system without a requisite increase in economic value to back said dollars, then took those new dollars (that were worth less per dollar) and sent them to failing banks to bail them out. The rub is, economically the banks weren't truly bailed out, they got more money that was worth less, so essentially were in the same position that they were in before... BUT>>>>> The banks knew that most people and entities prefer to see the numbers and physical representations of value vs. the actual value itself, so they got away with the charade that is the multiplier effect. That's fractional reserve banking and Keynesian economic policy at its finest.
We, at Veritaseum do the same thing as the central banks do, add a multiplier to the money to give you a greater level of buying power - save for one big difference, and what I would like to consider a truly saving grave. Our digital money is finite and although it is infinitely multipliable, it is always backed by the same amount of economic value per unit. So, if we multiply your exposure of $10 by a factor of 10(x), you get $100 of buying power. If you lose that money for whatever reason, it is gone, taken by the counterparty that won the trade. We can print you more money by pushing that "X" button just like the Fed, but you have to put up more economic value (in terms of BTC, which freely floats against other currencies to measure and gauge the market's perception of its economic value). We don't create the (perception of) value out of thin air, we just create the credit and by virtue of the way the system is constructed, you are forced to back said credit with the requisite value of the proposed trade - UP FRONT. If you lever $10 by 10x you don't have to put $100 up front (you can put any amount you want up front - $10, $15, $100, even $1000) but you will have the trade closed out and unwound for you automatically by the server once you have exhausted your real value backing the digitally "printed" money that we supplied to you. Thus, if you put up $10, and levered it 10x, you now have $100 or buying power. If the underlying moves 10% in your favor you get a 100% return on your money. If it moves 30% in your favor, you still only get a 100% return on your money because your gains (and losses) are bounded by the economic value that you put up front. You can't make (or lose) more than you have to wager, you can make or lose it much faster though, by turning up the multiplier effect. So, if the underlying asset moved against you 10%, the server will unwind the trade automatically because your counterparty is no longer protected with real assets in case of default. With UltraCoin, you can NEVER have negative account equity, there can NEVER be a case of FXCM, LTCM or Man Financial.
If we let you make more money than economic value that you put up front, well... then we will be acting in the same vein as the central banks and money center banks, to eventually have the same effect, booms, busts, and crashes with counterparties getting crushed by entering into deals where the other side couldn't possible pay. Think Bear Stearns (which I predicted their fall 3 months before the fact where Wall Street and ratings agencies still had buys and investment grade ratings - http://boombustblog.com/reggie-in-the-news/item/128, Lehman (predicted their fall months ahead of time as well http://boombustblog.com/reggie-in-the-news/item/154, WaMu (where I did the same), Man Financial, FXCM, etc. I actually know the global financial system rather well, so when I saw the potential of the bitcoin blockchain and a real application that could change the way financial transactions are done, folded up camp in my advisory business and jumped in the bitcoin fray head first - all in!
This new, blockchain-based, method of digital margin protects your counterparty from getting inflated dollars in lieu of real actual value despite the fact that you both entered the trade using "digitally printed money".
I see this as the best of both world, the digital world and the physical world. Now, I could have answered the question simply by saying we use multipliers, but if I did then I'm sure many would get the wrong impression and think that we're doing the same thing that the Fed or the Bank of England or the ECB does. We do, but we don't. I hope that fully answers your question, and if not, you know I'm always here to have at it again.
submitted by Reggie-Middleton to BitcoinDerivatives [link] [comments]

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