[ANN] BTC.sx - Leveraged trading made easy - page 4.

GraphicImpulse

member

Activity: 66

Merit: 10

Quote from: MPOE-PR on April 28, 2013, 12:50:54 PM

Quote from: Seal on April 26, 2013, 07:52:06 PM

Who's behind it?
Our team consists of seasoned traders with experience in some of the worlds most successful banks, investment banks and accounting firms.

Surely. And Justin Timberlake.

Why not be honest and say "Hi, I'm yet another kid around college age with some basic understanding of php and mysql and I've figured I'd cut my teeth on really dangerous stuff because I'm retarded like that" so we could just tell you to go code an MMORPG instead? What you're doing is a little like going to the doctor with nausea and vertigo but trying to pretend you're there for a broken leg.

LMAO You whine too much MP. Who gives a shit? Let them do their thing while you do your (shitty) thing (that barely anyone uses anymore).

alan2here

hero member

Activity: 1778

Merit: 504

WorkAsPro

I'm on the Beta and would like to invest some BTC when the bugs are ironed out, this should include the server side ones too, could you expand your team coder wise?

kakobrekla

hero member

Activity: 714

Merit: 500

Psi laju, karavani prolaze.

Quote from: Seal on April 30, 2013, 10:37:31 AM

Not at all normal. Your account has been fixed.

How was it fixed?

Now I see the following:

Code:

Updated: 2013-04-30 21:47:24          Timezone: Europe/London
Account: kakobrekla
Account Balance: 0.02320829 BTC

BTC.sx Account History

Trade  Entry Type                  Amount       Date/Time
   1   TradeShort - Deposit        0.10000000   2013-04-30 16:20:01
   1   Trade - PnL                 0.02320829   2013-04-30 16:20:01
   1   TradeShort - Deposit       -0.10000000   2013-04-30 09:06:11
       Withdrawal                 -0.30000000   2013-04-29 19:55:33
       Deposit                     0.15000000   2013-04-29 17:42:40
       Deposit                     0.15000000   2013-04-29 15:52:14

--------------------------------------------------------------

Code:

Updated: 2013-04-30 21:47:09          Timezone: Europe/London
Account: kakobrekla

BTC.sx Trade History

Trade  Opened               OpenPrice  Direction  Size    Deposit  Stop       Closed               ClosePrice   Liquidate             FundingCost  Profit
   1   2013-04-30 09:06:07  144.13005  Sell       0.0001  0.10000  154.87559  2013-04-30 16:17:50  141.84600    user                  0.00000000    0.02320829

------------------------------------------------------------------------------------------------

Yet my balance/net value shows : 0.02320829. I think this means I was in short position with zero balance/coverage?

Quote

P.s. Send me a bitcoin address. To show some appreciation for your time and suggestions I'll be sending over 0.1btc.

Sure, you can use #bitcoin-assets (which is a place you should be at if you run a bitcoin business) donation address http://blockchain.info/address/1B6NP9eb4RKy9tRrXYCJnNcenZkrt5Q2gb

Btw, the sql query that grabs data and posts it here is fucked: https://btc.sx/calls/accountHistory.php (the 'order by' part, you should not order it by date which is same in many cases which means it will randomize results inside same datetime groups, which is how its NOT done, ever.)

Seal

donator

Activity: 848

Merit: 1078

Quote from: kakobrekla on April 30, 2013, 07:58:15 AM

I don't understand this completely, can you elaborate where my current balance is from? Also, one of the basic functionalities, outgoing address/tx id is kinda missing in this table.

Code:

BTC.sx Account History

Trade  Entry Type                  Amount       Date/Time
   2   TradeShort - Deposit       -0.10000000   2013-04-30 09:06:11
   1   TradeShort - Deposit        0.10000000   2013-04-30 00:17:01
   1   Trade - PnL                 0.00000000   2013-04-30 00:17:01
       Withdrawal                 -0.30000000   2013-04-29 19:55:33
       Deposit                     0.15000000   2013-04-29 17:42:40
       Deposit                     0.15000000   2013-04-29 15:52:14

Is this normal?

Not at all normal. Your account has been fixed.

kakobrekla

hero member

Activity: 714

Merit: 500

Psi laju, karavani prolaze.

I don't understand this completely, can you elaborate where my current balance is from? Also, one of the basic functionalities, outgoing address/tx id is kinda missing in this table.

Code:

BTC.sx Account History

Trade  Entry Type                  Amount       Date/Time
   2   TradeShort - Deposit       -0.10000000   2013-04-30 09:06:11
   1   TradeShort - Deposit        0.10000000   2013-04-30 00:17:01
   1   Trade - PnL                 0.00000000   2013-04-30 00:17:01
       Withdrawal                 -0.30000000   2013-04-29 19:55:33
       Deposit                     0.15000000   2013-04-29 17:42:40
       Deposit                     0.15000000   2013-04-29 15:52:14

Is this normal?

Seal

donator

Activity: 848

Merit: 1078

Quote from: kakobrekla on April 29, 2013, 11:12:21 AM

Got beta access, so far not looking too good. Spread is huge, but thats just one of 100 things that bother me (lots on a security side of things, like changing your pass w/o the need of need to know the current one, no 2FA, list goes on, have you ever made a secure website before?). One of the more funny one is "Trade without limits" on the front and in the FAQ: "Trade Limitations: A maximum of 2 positions may be opened in both directions. This is not recommended unless it is part of a hedging strategy.". I could (once and if it goes out beta) create 100 accounts and go around this stupid and arbitrary limit?

Anyway, loaded in some change and lets see how it goes.

Hey kakobrekla, I appreciate the suggestions. A number of improvements will be made within the next few days to sort out these issues.

I'm in the process of reviewing some 2FA providers to help with the site's security, at this stage our preference is Authy. For me, the need for an additional dongle rules out Yubikeys and I have reservations about using Google's two factor authentication due to the handling of additional keys.

Since the beta testing has started, we've placed almost ~80 trades one of which bugged out. Unfortunately that one was yours.

~~Can you send me an email at [email protected] with any further details of the short position you tried to place.~~ I'm on it.

P.s. Send me a bitcoin address. To show some appreciation for your time and suggestions I'll be sending over 0.1btc.

kakobrekla

hero member

Activity: 714

Merit: 500

Psi laju, karavani prolaze.

Update, invalid order is still opened (it doesn't have entry price), made a full balance withdrawal which was processed (while having an order opened) but its not showing in blockchain.

Update: Withdrawal processed, trading engine does not work though.

Code:

TC.sx Trade History

Trade  Opened               OpenPrice  Direction  Size    Deposit  Stop       Closed               ClosePrice   Liquidate             FundingCost  Profit
   1   2013-04-29 17:53:46    0.00000  Sell       0.0001  0.10000    0.00000  2013-04-30 00:16:47  145.13561    user                  0.00000000    0.00000000

kakobrekla

hero member

Activity: 714

Merit: 500

Psi laju, karavani prolaze.

Ok, so I went short, price dropped a buck in that moment (could be, it happens) but the fucked up thing is, the price that I opened a position at is not listed in the open positions table. WHAT THE FUCK?

kakobrekla

hero member

Activity: 714

Merit: 500

Psi laju, karavani prolaze.

Got beta access, so far not looking too good. Spread is huge, but thats just one of 100 things that bother me (lots on a security side of things, like changing your pass w/o the need of need to know the current one, no 2FA, list goes on, have you ever made a secure website before?). One of the more funny one is "Trade without limits" on the front and in the FAQ: "Trade Limitations: A maximum of 2 positions may be opened in both directions. This is not recommended unless it is part of a hedging strategy.". I could (once and if it goes out beta) create 100 accounts and go around this stupid and arbitrary limit?

Anyway, loaded in some change and lets see how it goes.

MPOE-PR

hero member

Activity: 756

Merit: 522

Quote from: Seal on April 26, 2013, 07:52:06 PM

Who's behind it?
Our team consists of seasoned traders with experience in some of the worlds most successful banks, investment banks and accounting firms.

Surely. And Justin Timberlake.

Why not be honest and say "Hi, I'm yet another kid around college age with some basic understanding of php and mysql and I've figured I'd cut my teeth on really dangerous stuff because I'm retarded like that" so we could just tell you to go code an MMORPG instead? What you're doing is a little like going to the doctor with nausea and vertigo but trying to pretend you're there for a broken leg.

Seal

donator

Activity: 848

Merit: 1078

Reserved

Seal

donator

Activity: 848

Merit: 1078

Introducing an intuitive trading system designed simplify leveraged (geared) trading.

Our model
Our platform is designed to allow the trading of bitcoin using bitcoin without the involvement of fiat.

Long and Short?
Yes that is correct, for both long and short positions to be opened, no USD or Fiat is required. This was done to take the headache out of managing multiple currency accounts and removes the risk of fiat transfers or holdings.

How is that possible?
When a position is opened, a deposit is taken (this acts as collateral). Our trading engine will then place a leveraged open market order.

Upon liquidation, PnL will be calculated on the (closed) market order automatically. The deposit will be returned on close and profits paid out (or losses deducted).

Free trading for day traders
Trades opened and closed within 24 hours will not be charged. Funding is charged at a daily rate for every subsequent 24 hour period.

Who's behind it?
A number of individuals helped create the algorithms required to place open market orders without the dependency on CFDs or futures using a privately traded reserve. Most of the coding was done by myself. See our press release here. Each of us brings a wealth of experience in finance (retail and investment banking), regulation and accounting.

Security
No bitcoins or bitcoin private keys are held on our server.
Withdrawals are handled from an offline wallet after daily reconciliations are performed against each and every account.

Funding
BTC.sx is funded by $150,000 of private equity. Crunchbase.

Fractional Reserve
We do not operate on a fractional reserve banking model.

Tier 1 Capital
BTC.sx is funded privately. We operate with a tier 1 total capital ratio level of 100% minimum.

Where?
Visit BTC.sx.

*Update* - 5th June 2013 - Private beta has ended. Regular account sign-ups welcome.

Topic: [ANN] BTC.sx - Leveraged trading made easy - page 4. (Read 9015 times)