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Topic: Coin margin or multi asset? (Read 166 times)

hero member
Activity: 2366
Merit: 838
June 30, 2022, 10:30:59 AM
#13
Holding is best.
Spot trading is next good option.
Leverage trading is a bad option.
Future trading is a worst option.

People think they can time the market and they can win against the market. They can be right, they can win against the market in a day, a week or a month but in net result, they will be beaten by the market.

You can win or lose on paper but if you pick a good asset like Bitcoin, hold it a few years, more than 4 years, you will change loss to win. If you use leverage or future trading, you won't have that chance as you will be forced liquidated anytime. Don't think that you can control your leverage and can secure your position and avoid liquidations.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
June 29, 2022, 11:02:11 AM
#12
Maybe their goal of trading is to collect more coins than to collect stable coins, especially for those who use future trading. By using unstable coins to trade, their chances of being able to get more of that amount of coins can be obtained but that will depend on how their analysis results. It also works the other way around where if you use USDT or USDC the returns you get in USDT or USDC or other stable coins can also add up. This will return to how your strategy is in trading because each person's analysis will be different. Apart from that, there is a convenience factor that will be connected with what coin they use.
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
June 27, 2022, 01:53:39 AM
#11
Basically if you are just doing short term trades or only trading one pair, you can use BTC or any other coin as collateral. You will see your liquidation price and everything.

The issue becomes if you are trading different pairs because your liquidation price will be hard to calculate. Basically if all your pairs go down in value you lose money and if Bitcoin goes down also you lose some more. And your liquidation will come quicker.

So in these cases you are better off using stablecoins for collateral instead.
This is a good advice, I am not using unstable coins to trade like that, I used it on special occasion and not often at all, like when I know there would be bull run in crypto market, but it is true, using USDT or other available stable coin to trade is better. But there are some reasons a trader can go for unstable coins at times.

Not sure about x1 for altcoins though, At least do a x3 or x2 for top cap altcoins with good risk management techniques... x1? It does not make sense to me… lol.
Traders have different approaches to trading, but you are not wrong, I can see some altcoins like ethereum, binance coin, litecoin and few other very high marketcap coins to be less volatile, but I just meant altcoins generally, but still referring to good ones like qtum among and not shitcoins.
legendary
Activity: 2338
Merit: 1261
Heisenberg
June 25, 2022, 04:30:40 PM
#10
I understand the risk, the highest margin I use to trade bitcoin is 3x
Yeah, x3 for BTC seems quite reasonable. I had an open x3 position at around 29K for weeks. At one point, I almost closed the position, but it paid off just 24 hours later when BTC price dropped towards 20K  Wink

Quote
while 1x for altcoin,
Not sure about x1 for altcoins though, At least do a x3 or x2 for top cap altcoins with good risk management techniques... x1? It does not make sense to me… lol.
legendary
Activity: 2898
Merit: 1823
June 24, 2022, 06:56:27 AM
#9
OP, it's a bear market, if you want to be safe, use fiat/stablecoins. But quickly shift to using Bitcoin during bull markets because your capital grows in fiat-value during price surges, giving you more opportunities to take more and larger trade sizes. BUT if you ask me, just HODL. Don't lose more of your capital by making stupid trades in this kind of market.


Thanks, I understand, but traders do not have to stop to trade in bull or bear market, though traders can hold more of their assets during bull market. What traders are mostly concious about is a less volatile market to make profit, it can be during bull or during bear. Traders always continue to trade, using low leverage is better and having risk management plan.


Traders actually like more volatility, up or down, because that's where they can make the most of their profits. That's why many young people made enough capital during 2016 and 2017's bull cycle, and reinvested again and became millionaires during 2020 and 2021's bull cycle. Markets that don't move much, won't make you profits much because the price movements are small.
legendary
Activity: 3808
Merit: 1723
June 23, 2022, 10:33:53 PM
#8
Basically if you are just doing short term trades or only trading one pair, you can use BTC or any other coin as collateral. You will see your liquidation price and everything.

The issue becomes if you are trading different pairs because your liquidation price will be hard to calculate. Basically if all your pairs go down in value you lose money and if Bitcoin goes down also you lose some more. And your liquidation will come quicker.

So in these cases you are better off using stablecoins for collateral instead.
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
June 23, 2022, 08:44:34 PM
#7
OP, it's a bear market, if you want to be safe, use fiat/stablecoins. But quickly shift to using Bitcoin during bull markets because your capital grows in fiat-value during price surges, giving you more opportunities to take more and larger trade sizes. BUT if you ask me, just HODL. Don't lose more of your capital by making stupid trades in this kind of market.
Thanks, I understand, but traders do not have to stop to trade in bull or bear market, though traders can hold more of their assets during bull market. What traders are mostly concious about is a less volatile market to make profit, it can be during bull or during bear. Traders always continue to trade, using low leverage is better and having risk management plan.

I see, so it's more like doing cross margin mode but using multiple margin assets as collaterral?
Exactly what I am taking about.

If that's the case then I prefer, the single asset mode, Lol. Imagine the headache on would have to track PnL for unstable assets in case the market was dropping. I would rather swap off some of those assets for USDT, move them to my futures account and the do isolate margin on single asset mode. Whatever profits I would get, I could swap back the USDT to BTC in no time
I understand the risk, the highest margin I use to trade bitcoin is 3x while 1x for altcoin, I am not use to open position with altcoins though. But it will be like I am holding bitcoin while having the opportunity to trade altcoins anytime I want, which is not usual for me because I even mainly open position using BTC/USDT, but I will have the alternative option anytime I want to open position with altcoin, though the risk increase, I understand.
legendary
Activity: 2338
Merit: 1261
Heisenberg
June 23, 2022, 03:47:27 PM
#6
It is just a means you can use more than one coin as collateral to trade, for example, before on Binance, you can only trade using USDT or BUSD to long or short a position of the coin you trade with, but with the multi asset mode, you can use many other coins which can be fiat pegged coins and also unstable coins like bitcoin, ethereum, binance coin, cardano, Solana, USDC and ripple to trade (the ones on Binance). They will be converted to equivalent (and also fluctuating as BTC/USDT pair) amount in USDT which you can use to long or short a position.
I see, so it's more like doing cross margin mode but using multiple margin assets as collaterral?

If that's the case then I prefer, the single asset mode, Lol. Imagine the headache on would have to track PnL for unstable assets in case the market was dropping. I would rather swap off some of those assets for USDT, move them to my futures account and the do isolate margin on single asset mode. Whatever profits I would get, I could swap back the USDT to BTC in no time
full member
Activity: 798
Merit: 134
June 23, 2022, 02:59:47 AM
#5
i have currently paused trading though i usually trade on spot trading since i m not familiar with the rest trading, basically if you wanna trade i do use Stable/BTC that is to say; BTC/USDT or BNB/USDT maybe with any other asset.
legendary
Activity: 2898
Merit: 1823
June 23, 2022, 02:28:22 AM
#4
OP, it's a bear market, if you want to be safe, use fiat/stablecoins. But quickly shift to using Bitcoin during bull markets because your capital grows in fiat-value during price surges, giving you more opportunities to take more and larger trade sizes. BUT if you ask me, just HODL. Don't lose more of your capital by making stupid trades in this kind of market.
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
June 23, 2022, 01:50:35 AM
#3
Not sure what you mean by multiasset
It is just a means you can use more than one coin as collateral to trade, for example, before on Binance, you can only trade using USDT or BUSD to long or short a position of the coin you trade with, but with the multi asset mode, you can use many other coins which can be fiat pegged coins and also unstable coins like bitcoin, ethereum, binance coin, cardano, Solana, USDC and ripple to trade (the ones on Binance). They will be converted to equivalent (and also fluctuating as BTC/USDT pair) amount in USDT which you can use to long or short a position.
legendary
Activity: 2338
Merit: 1261
Heisenberg
June 22, 2022, 04:03:19 PM
#2
Not sure what you mean by multiasset

As for me, I know about USDT/USDC perpetual swaps (also known as USDs margined according to Binance) and inverse perpetuals or Coin margined according to Binance

I prefer inverse perpetuals in bull markets and USDT perpetual swaps during bear markets. This is self-explanatory. I haven't been keen on the liquidation price, but if there is any difference, I don't think it's big.
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
June 21, 2022, 02:30:52 AM
#1
Traders can change decision at times, I prefer to use USDT for trading, but this is no more bear time, if it is still bear time, the price downturn will not be so much more significant than what has happened before. This time, I have prefer to use bitcoin for future trading, this can only be by two means:

  • first, the coin margin
  • second, the multi asset

In this period that bear market has lasted for long, which one do you prefer? I thought both are like the same before, that you are still using unstable coin to trade, unlike the USDT or other stable coin margin.

What I noticed recently is that the liquidation price is lower in multi asset than in coin margin. Have you tried both before, which one would you prefer to use when the bull market started? You know that people will prefer not to use stable coin like USDT or USDC to trade because they will want to earn more.
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