Topic: Leverage comparison SuperThread (Read 3856 times)
Updated.
ICBit
_trust: Mid (Low/Mid?)
_ease of use: Low/Mid
_design: Low/Mid
_power: Mid/High
_leverage: _1 - 2.1
_performant: High
For the lulz. https://bitcointalksearch.org/topic/m.1402111
Performant might be high, but performance is nil.
what's more the site looks like this http://polimedia.us/bitcoin/mpex.php However there seems demand for its inclusion, so I've added it in. I don't think it forfills the
This is so adorable.
Quote
Most of the relevant people around here know me.
Unnecessary opening. However below is a quote of part of a reply to one of your posts, by Goomboo who I've seen several times before on the forums.Quote
I'm not replying directly to this post - it's full of twisted lies.
The post, and the rest of the thread, supported by various other trusted members as well, goes on in that vien. It may or may not be representative, but your not automatically trustworthy. I'm trying to get a consensus and your information is very helpful.
Regarding MPEX, things aren't better if they are harder to use, what's more the site looks like this http://polimedia.us/bitcoin/mpex.php However there seems demand for its inclusion, so I've added it in. I don't think it forfills the requirements at the top of the post but I've included a note on that as well.
Duuuude. MPEx liquidity is above anyone omg what sorcery is this.
Quote from: #bitcoin-assets
00:55.01 ( mircea_popescu ) what the hell, you telling me bit4x trades 10-100k btc a month nao ?!
00:55.47 ( kakobrekla ) noone can do a serious dent in the book
00:56.08 ( kakobrekla ) or any dent
00:56.28 ( mircea_popescu ) o i c what you did there.
00:56.41 ( mircea_popescu ) i guess you have a point eh.
00:56.44 )) mircea_popescu fumes
00:56.48 ( kakobrekla ) :p
00:55.47 ( kakobrekla ) noone can do a serious dent in the book
00:56.08 ( kakobrekla ) or any dent
00:56.28 ( mircea_popescu ) o i c what you did there.
00:56.41 ( mircea_popescu ) i guess you have a point eh.
00:56.44 )) mircea_popescu fumes
00:56.48 ( kakobrekla ) :p
Info here is mostly wrong, not just outdated. Let me fix some of that.
Low selection of tradeable currencies/assets/commodities/etc. Liquidity: low.
High selection of tradable currencies/assets/commodities/etc. Liquidity: high.
Low selection of tradable currencies/assets/commodities/etc. Liquidity: low.
Also dunno why you discarded MPEX just because a little cryptography is incomprehensible to you (in the world of crypto currency may I remind).
High selection of tradable currencies/assets/commodities/etc. Liquidity: med.
Some of the services are quite different than another but it is what it is now.
Bitfinex
Based on stolen and vulnerable bitcoinica code. Site security unknown possibly still vulnerable.Low selection of tradeable currencies/assets/commodities/etc. Liquidity: low.
Bit4x
New? You must be confused. Most of the relevant people around here know me. I have a ~2 year otc history, not many can say that. Security is comparable (or better) to MPEX. High selection of tradable currencies/assets/commodities/etc. Liquidity: high.
ICBit
Site security unknown. Relevant: https://bitcointalksearch.org/topic/icbitse-the-bucket-shop-125376Low selection of tradable currencies/assets/commodities/etc. Liquidity: low.
BitDayTrade
Dead/scam.Bitcoinica
Dead/scam.Kronos.io
Never existed.Also dunno why you discarded MPEX just because a little cryptography is incomprehensible to you (in the world of crypto currency may I remind).
Quote
MPEX
Site security high. High selection of tradable currencies/assets/commodities/etc. Liquidity: med.
Some of the services are quite different than another but it is what it is now.
Duuuude. MPEx liquidity is above anyone omg what sorcery is this.
But yeah, OP is quite off the mark. Most notably, you can use a broker website such as coinbr.com to get to MPEx if cryptography/GPG is too much of a barrier.
Info here is mostly wrong, not just outdated. Let me fix some of that.
Low selection of tradeable currencies/assets/commodities/etc. Liquidity: low.
High selection of tradable currencies/assets/commodities/etc. Liquidity: high.
Low selection of tradable currencies/assets/commodities/etc. Liquidity: low.
Also dunno why you discarded MPEX just because a little cryptography is incomprehensible to you (in the world of crypto currency may I remind).
High selection of tradable currencies/assets/commodities/etc. Liquidity: med.
Some of the services are quite different than another but it is what it is now.
Bitfinex
Based on stolen and vulnerable bitcoinica code. Site security unknown possibly still vulnerable.Low selection of tradeable currencies/assets/commodities/etc. Liquidity: low.
Bit4x
New? You must be confused. Most of the relevant people around here know me. I have a ~2 year otc history, not many can say that. Security is comparable (or better) to MPEX. High selection of tradable currencies/assets/commodities/etc. Liquidity: high.
ICBit
Site security unknown. Relevant: https://bitcointalksearch.org/topic/icbitse-the-bucket-shop-125376Low selection of tradable currencies/assets/commodities/etc. Liquidity: low.
BitDayTrade
Dead/scam.Bitcoinica
Dead/scam.Kronos.io
Never existed.Also dunno why you discarded MPEX just because a little cryptography is incomprehensible to you (in the world of crypto currency may I remind).
Quote
MPEX
Site security high. High selection of tradable currencies/assets/commodities/etc. Liquidity: med.
Some of the services are quite different than another but it is what it is now.
Bump because I've added Bitfinex.
Options seem good, I'll leave polimedia and other similar text based PGP stuff off though.
I'd nudge ICBIT up a bit on that scale. Afaik it's Tyco running it with a couple of partners and I don't see him backing stuff reeking of fail.
facts are facts, if the reddit article is to be trusted. unsalted pw's is insane.
you're mixing up ICBIT and bitdaytrade
and about bitdaytrade, if indeed reddit posters are to be trusted, the lack of professionalism is just insane
Just an update on that, i ask the reddit poster to give me the hash of my pass, and i can confirm it's unsalted md5, and that he successfully got the hashes.
That site scores 0 from me on easy to use, I can't make head nor tail of it. What are options (in this context), do you think they should be included?
Well, transactions are only done as signed messages (using GPG). So it definitely has a learning curve.
But for instance, the CALL option to buy at $13.00 on or before expiration (midnight, August 30th, 2012) is currently priced at 0.13566159 BTC (which is the "premium").
That means I pay about $1.80 USD worth of bitcoins now (0.13566159 today) and can earn multiples of my investment (or lose the entire investment) depending on which way the exchange rate moves.
- http://polimedia.us/bitcoin/mpex.php?mpsic=O.BTCUSD.C130T
In this instance, my break-even is an exchange rate of about $14.80. Anything less and I lose a portion of my premium. If the exchange rate is $13 or below I lose my entire investment as the CALL option expires worthless.
But if the exchange rate hits $16.50, for example, then I can exercise my $13 CALL and basically double my money. Exercising that $13 CALL if the exchange rate hits $18.25 means I've tripled my speculative investment.
So it is not truly leverage like margin trading offers but it is a way to let a smaller amount of funds earn (or lose) as if it were a larger amount of funds.
- http://en.bitcoin.it/wiki/MPEx
That site scores 0 from me on easy to use, I can't make head nor tail of it. What are options (in this context), do you think they should be included?
Thanks, the list has been updated. More feedback would be great.
Thanks, the list has been updated. More feedback would be great.
For individual services with all of the following properties:
Would options be included in this?
- http://polimedia.us/bitcoin/mpex.php
ICBit
_trusted: Mid (because there new)
_ease of use: Mid
_power: Mid/High ?
_max leverage: ?
_performant: High
_trusted: Mid (because there new)
_ease of use: Mid
_power: Mid/High ?
_max leverage: ?
_performant: High
I couldn't figure out the leverage. I had 2.0 BTC deposited, and could only buy or sell 2 BTC of contracts. Since the funds deposited are BTCs, simply buying 1:1 actually gives me 2:1 when long. (i.e., I benefit from the gain in the exchange rate on the BTCs deposited with ICBit plus on the gain received by each long contact I hold.
So maybe 10 BTC would let me buy 12 contracts (?), that would be (2.1:1) when long.
But that definitely is not 5:1 or anything like I was hoping.
[Update: It appears to be giving 10:1 now. Not sure if it was a change made, a temporary issue, or me misunderstanding it.]
[Update: With 10:1 that is no longer a question I have.]
I'd nudge ICBIT up a bit on that scale. Afaik it's Tyco running it with a couple of partners and I don't see him backing stuff reeking of fail.
facts are facts, if the reddit article is to be trusted. unsalted pw's is insane.
you're mixing up ICBIT and bitdaytrade
and about bitdaytrade, if indeed reddit posters are to be trusted, the lack of professionalism is just insane
I'd nudge ICBIT up a bit on that scale. Afaik it's Tyco running it with a couple of partners and I don't see him backing stuff reeking of fail.
facts are facts, if the reddit article is to be trusted. unsalted pw's is insane.
I'd nudge ICBIT up a bit on that scale. Afaik it's Tyco running it with a couple of partners and I don't see him backing stuff reeking of fail.
Having read that reddit thread about bitdaytrade's vulnerabilities, my trust in them isn't low. It's in the negative - active distrust. And personally, I'd say ICBit is "none" if the only basis for evaluating trust is that they're new.
Maybe an outline of your trust scale would help.
fun read over at reddit. thanks for the tip. website is down.
Having read that reddit thread about bitdaytrade's vulnerabilities, my trust in them isn't low. It's in the negative - active distrust. And personally, I'd say ICBit is "none" if the only basis for evaluating trust is that they're new.
Maybe an outline of your trust scale would help.
You should add kronos.io -> stalled
For individual services with all of the following properties:
A place to store BTC, like a bank.
Exchange of stored currency between Fiat and BTC.
Leverage.
Trust, including security:
Very low
Low - untrustworthy
New
Low/Mid
Mid
Mid/High - trustworthy
High
Leverage:
5 = 5:1 buy
0.2 = 0.2:1 buy
-2 = 2:1 sell
The requirements score defines how easy it is to get started, some require large deposits for example and will score low.
What we know so far. I hope to be able to update this as things change.
Up:
ICBit
_trust: Mid (Low/Mid?)
_ease of use: Low/Mid
_design: Low/Mid
_power: Mid/High
_leverage: _1 - 2.1
_performant: High
Bit4x
_trust: Low
_leverage: _1 - 1000
_requirements score: Low
https://bitcointalksearch.org/topic/news-bit4xcom-first-forex-accepts-bitcoin-11000-leverage-114821
http://dcmagnates.com/uks-fca-issues-warning-against-bitcoin-brokers-bit4x-and-venetfx/
Bitfinex
_trust: Low
_ease of use: Mid/High
_design: Mid/High
_power: Mid/High
_leverage: -5 - 1, sometimes 5
http://www.reddit.com/r/Bitcoin/comments/2hrg8h/bitfinex_privacy_leak_other_users_account/
Dead or Trust is Very Low:
BitDayTrade
Bitcoinica
Kronos.io
Similar services:
MPEX
_trust: High
_ease of use: Low
Large selection of tradable currencies/assets/commodities etc...
A place to store BTC, like a bank.
Exchange of stored currency between Fiat and BTC.
Leverage.
Trust, including security:
Very low
Low - untrustworthy
New
Low/Mid
Mid
Mid/High - trustworthy
High
Leverage:
5 = 5:1 buy
0.2 = 0.2:1 buy
-2 = 2:1 sell
The requirements score defines how easy it is to get started, some require large deposits for example and will score low.
What we know so far. I hope to be able to update this as things change.
Up:
ICBit
_trust: Mid (Low/Mid?)
_ease of use: Low/Mid
_design: Low/Mid
_power: Mid/High
_leverage: _1 - 2.1
_performant: High
Bit4x
_trust: Low
_leverage: _1 - 1000
_requirements score: Low
https://bitcointalksearch.org/topic/news-bit4xcom-first-forex-accepts-bitcoin-11000-leverage-114821
http://dcmagnates.com/uks-fca-issues-warning-against-bitcoin-brokers-bit4x-and-venetfx/
Bitfinex
_trust: Low
_ease of use: Mid/High
_design: Mid/High
_power: Mid/High
_leverage: -5 - 1, sometimes 5
http://www.reddit.com/r/Bitcoin/comments/2hrg8h/bitfinex_privacy_leak_other_users_account/
Dead or Trust is Very Low:
BitDayTrade
Bitcoinica
Kronos.io
Similar services:
MPEX
_trust: High
_ease of use: Low
Large selection of tradable currencies/assets/commodities etc...
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