Number 9! Ninth altcoin thread. Back to the moon Baby! - page 53.

jasta more

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Quote from: adaseb on February 14, 2021, 06:00:30 PM

This might be a little off topic but any of you guys taking advantage of the premium on the future derivative markets? Basically the June futures for ETH and BTC there is a 10% premium.

So if you got any type of fiat whether it’s USD, tether, USDC, etc you can buy on spot and at the same time sell on the futures and wait 4.5 months and get 10% for doing nothing pretty much.

Never seen the premium so high before, usually it’s 1% a month but you got Feb futures which expire in 10 days with a. 3% premium or far off futures like the Sept/Dec at 15/20% respectively. Seems that there is so much demand that the market makers are running out of funds to arb these markets. Open interest is thru the roof at 17B currently.

margin for profits is small and getting smaller there,people are already borrowing on one exchange and lend those funds on another that gives higher % on funds.Most of it is done by bots anyway and by whales

arielbit

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Quote from: adaseb on February 15, 2021, 12:29:05 AM

Yes but what I'm talking about here is more like arbitrage rather than speculative trading. Basically you are neutral on the position and don't care if the price of ETH goes up, down, or sideways you just want to milk the premium.

Leverage trading, especially on futures is highly difficult for most people to profit off. Sure we see people posting their gains daily here on this forum or on Crypto twitter however we all know what happens to 95% of all traders out there. They end up losing their profits, then their balance. And some even take out loans to trade and basically end up in debt.

Hence this is why its not good to see a futures premium this high, means that the markets are levelled to one side (buy side) and eventually when the rug is pulled they all will be rushing to the exits. The question however is... when. Will BTC breaks $50K and head to $100K or was $49.7K the top? Nobody knows exactly.

arbitrage trading or speculative trading or (insert your style) trading here. you already are in very thin borderline crossing between all of them hehe

we have this gambling gene in all of us that's why casinos are business empire all around the world.

i remember when I went to casinos in 2018, the feeling inside is somewhat the same with trading.

adaseb

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Yes but what I'm talking about here is more like arbitrage rather than speculative trading. Basically you are neutral on the position and don't care if the price of ETH goes up, down, or sideways you just want to milk the premium.

Leverage trading, especially on futures is highly difficult for most people to profit off. Sure we see people posting their gains daily here on this forum or on Crypto twitter however we all know what happens to 95% of all traders out there. They end up losing their profits, then their balance. And some even take out loans to trade and basically end up in debt.

Hence this is why its not good to see a futures premium this high, means that the markets are levelled to one side (buy side) and eventually when the rug is pulled they all will be rushing to the exits. The question however is... when. Will BTC breaks $50K and head to $100K or was $49.7K the top? Nobody knows exactly.

arielbit

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Quote from: generalt on February 14, 2021, 10:23:43 PM

Yes I don't think futures are for me. I've never had any luck/skill with any of those things. I will stick to mining but I do like to educate myself on other aspects.

leverage small like x3 or x5..we are closer to top than bottom.

practice, learn and prepare.

imagine shorting the top? your bear market will be happy one hehehehe Grin

who hates money?

philipma1957

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'The right to privacy matters'

Quote from: generalt on February 14, 2021, 10:23:43 PM

Yes I don't think futures are for me. I've never had any luck/skill with any of those things. I will stick to mining but I do like to educate myself on other aspects.

well my best trading was the doge.

Most of it was mine and hodl or buy and hodl till I got to 1 million doge.

hodl it for three months and sell it at 2 to 8 cents.

I made over 40k cap gains which is nice.

generalt

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Yes I don't think futures are for me. I've never had any luck/skill with any of those things. I will stick to mining but I do like to educate myself on other aspects.

arielbit

legendary

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Quote from: generalt on February 14, 2021, 08:52:50 PM

Quote from: adaseb on February 14, 2021, 08:14:22 PM

Quote from: philipma1957 on February 14, 2021, 06:48:26 PM

I have some idea that is a bad sign. Seems too good.

There is some risk involved. One of the main reasons is you need to keep your coins on the exchange as collateral. Basically you don't need to keep the entire amount since there is 100x leverage however you need to keep your leverage low enough not to get liquidated. So if you hedge $50,000 of BTC, you can keep 1 BTC on the exchange and never get liquidated or keep 0.5BTC on the exchange and your liquidation price will be at $100,000. So when it comes close to $100,000 you will need to send more BTC into the exchange. Max you would need to send would be the 1 BTC. Since when price rises and you use BTC as collateral so does your account value.

Quote from: AniceInovation on February 14, 2021, 07:23:54 PM

Where can we sell on the futures? Sorry not informed on that.
Being a long time hodler, getting 10% seems nice.

Yes but keep in mind you can only get 10% on your crypto USD or USDT or USDC. You can't do it with BTC. There is no high funding fees for BTC only USD. You can use any futures exchange like Binance, Bitmex, Bybit, Kraken, Bitfinex, etc.

So where does the risk part come in? I'm a little ignorant with it comes to futures. Let's say I had 1 eth and I put it up in the futures market in Jun to sell for an additional 10% price I would make 10% profit in June. I guess the risk is if you're buying on margin and don't actually have the shares of eth. Is that where the risk comes in?

The risk is your own greed, leverage trading is a casino..

50-100x and then your money.....poof! in a blink of an eye. Or poof! you make lots of money hehe

then there are wicks that will finish you when you least expect it hehe

Learn to let go of oppurtunities instead of fomoing into liquidation.

A balance of patience fear/greed management helps.

Learn from mistakes, i mean learn thoroughly-watch the chart even after you lose money.

Anyway mining will keep you in touch with reality about how much/hard it is to earn 1 ETH.

For me..as we go past ATH i will be careful with leverage because wicks can get deeper and higher

adaseb

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Quote from: generalt on February 14, 2021, 08:52:50 PM

Quote from: adaseb on February 14, 2021, 08:14:22 PM

Quote from: philipma1957 on February 14, 2021, 06:48:26 PM

I have some idea that is a bad sign. Seems too good.

There is some risk involved. One of the main reasons is you need to keep your coins on the exchange as collateral. Basically you don't need to keep the entire amount since there is 100x leverage however you need to keep your leverage low enough not to get liquidated. So if you hedge $50,000 of BTC, you can keep 1 BTC on the exchange and never get liquidated or keep 0.5BTC on the exchange and your liquidation price will be at $100,000. So when it comes close to $100,000 you will need to send more BTC into the exchange. Max you would need to send would be the 1 BTC. Since when price rises and you use BTC as collateral so does your account value.

Quote from: AniceInovation on February 14, 2021, 07:23:54 PM

Where can we sell on the futures? Sorry not informed on that.
Being a long time hodler, getting 10% seems nice.

Yes but keep in mind you can only get 10% on your crypto USD or USDT or USDC. You can't do it with BTC. There is no high funding fees for BTC only USD. You can use any futures exchange like Binance, Bitmex, Bybit, Kraken, Bitfinex, etc.

So where does the risk part come in? I'm a little ignorant with it comes to futures. Let's say I had 1 eth and I put it up in the futures market in Jun to sell for an additional 10% price I would make 10% profit in June. I guess the risk is if you're buying on margin and don't actually have the shares of eth. Is that where the risk comes in?

The only risk is if the exchange gets hacked or your account gets hacked. Basically counterparty risk since your coins are no longer in cold storage.

If you own ETH then it won’t really work unless you want to sell it completely where you would get paid 10% above market value. The way you profit off the premium is you need fiat or tether in your account. Say you got $1000 USDT. You would send to an exchange and buy $1000 worth of ETH. Which suppose is around 0.55ETH then at the same time you would open a June futures ETH short with a value of 0.55ETH which would be exactly $1100 contracts. When the last Friday of June comes around there will be no more premium. So you buy back your short ETH position where you get back $1100 and at the same time you sell the 0.55ETH and get your $1000 back. And $100 is your profit.

generalt

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Quote from: adaseb on February 14, 2021, 08:14:22 PM

Quote from: philipma1957 on February 14, 2021, 06:48:26 PM

I have some idea that is a bad sign. Seems too good.

There is some risk involved. One of the main reasons is you need to keep your coins on the exchange as collateral. Basically you don't need to keep the entire amount since there is 100x leverage however you need to keep your leverage low enough not to get liquidated. So if you hedge $50,000 of BTC, you can keep 1 BTC on the exchange and never get liquidated or keep 0.5BTC on the exchange and your liquidation price will be at $100,000. So when it comes close to $100,000 you will need to send more BTC into the exchange. Max you would need to send would be the 1 BTC. Since when price rises and you use BTC as collateral so does your account value.

Quote from: AniceInovation on February 14, 2021, 07:23:54 PM

Where can we sell on the futures? Sorry not informed on that.
Being a long time hodler, getting 10% seems nice.

Yes but keep in mind you can only get 10% on your crypto USD or USDT or USDC. You can't do it with BTC. There is no high funding fees for BTC only USD. You can use any futures exchange like Binance, Bitmex, Bybit, Kraken, Bitfinex, etc.

So where does the risk part come in? I'm a little ignorant with it comes to futures. Let's say I had 1 eth and I put it up in the futures market in Jun to sell for an additional 10% price I would make 10% profit in June. I guess the risk is if you're buying on margin and don't actually have the shares of eth. Is that where the risk comes in?

adaseb

legendary

Activity: 3808

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Quote from: philipma1957 on February 14, 2021, 06:48:26 PM

I have some idea that is a bad sign. Seems too good.

There is some risk involved. One of the main reasons is you need to keep your coins on the exchange as collateral. Basically you don't need to keep the entire amount since there is 100x leverage however you need to keep your leverage low enough not to get liquidated. So if you hedge $50,000 of BTC, you can keep 1 BTC on the exchange and never get liquidated or keep 0.5BTC on the exchange and your liquidation price will be at $100,000. So when it comes close to $100,000 you will need to send more BTC into the exchange. Max you would need to send would be the 1 BTC. Since when price rises and you use BTC as collateral so does your account value.

Quote from: AniceInovation on February 14, 2021, 07:23:54 PM

Where can we sell on the futures? Sorry not informed on that.
Being a long time hodler, getting 10% seems nice.

Yes but keep in mind you can only get 10% on your crypto USD or USDT or USDC. You can't do it with BTC. There is no high funding fees for BTC only USD. You can use any futures exchange like Binance, Bitmex, Bybit, Kraken, Bitfinex, etc.

AniceInovation

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Interesting.

Where can we sell on the futures? Sorry not informed on that.
Being a long time hodler, getting 10% seems nice.

philipma1957

legendary

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'The right to privacy matters'

Quote from: adaseb on February 14, 2021, 06:00:30 PM

This might be a little off topic but any of you guys taking advantage of the premium on the future derivative markets? Basically the June futures for ETH and BTC there is a 10% premium.

So if you got any type of fiat whether it’s USD, tether, USDC, etc you can buy on spot and at the same time sell on the futures and wait 4.5 months and get 10% for doing nothing pretty much.

Never seen the premium so high before, usually it’s 1% a month but you got Feb futures which expire in 10 days with a. 3% premium or far off futures like the Sept/Dec at 15/20% respectively. Seems that there is so much demand that the market makers are running out of funds to arb these markets. Open interest is thru the roof at 17B currently.

I have some idea that is a bad sign. Seems too good.

adaseb

legendary

Activity: 3808

Merit: 1723

This might be a little off topic but any of you guys taking advantage of the premium on the future derivative markets? Basically the June futures for ETH and BTC there is a 10% premium.

So if you got any type of fiat whether it’s USD, tether, USDC, etc you can buy on spot and at the same time sell on the futures and wait 4.5 months and get 10% for doing nothing pretty much.

Never seen the premium so high before, usually it’s 1% a month but you got Feb futures which expire in 10 days with a. 3% premium or far off futures like the Sept/Dec at 15/20% respectively. Seems that there is so much demand that the market makers are running out of funds to arb these markets. Open interest is thru the roof at 17B currently.

fr4nkthetank

legendary

Activity: 2294

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Now the money is free, and so the people will be

speaking of win10 configs, I just noticed I had on some rigs high power setting instead of balanced. I guess i set them up like that. Thats bad. Minimum cpu power state is 100% so it never clocks down. i mean they are shitty cpus but STILL, wasted electricity for a number of years.... Cry

Better set that to 5%.

rdluffy

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Quote from: philipma1957 on February 12, 2021, 08:58:45 AM

Windows is a sneaky mofo.
I have some ryzen rigs mining monero so they use nicehash and windows 10 as smos is not running ryzen cpu's
Those rigs are at home and crash over and over and over. Due to up dates.

Oh yes, I was tired of crashs, right now system is running without any issues, it's so good I don't have to check my system every hour

Quote from: geck on February 12, 2021, 09:17:50 AM

hiveos (and probably other linux based os) is hands down better than windows at running amd rigs. My amd rigs go down maybe once a week but hiveos always reboots and recovers. Sometimes on windows, the whole system freezes at the bsod and you have to manually reset it

I did a rule on HiveOS to reboot if wattage is go lower or above XXXX watts, but didn't have to reboot yet, it's running smooth

Quote from: fr4nkthetank on February 12, 2021, 06:00:10 PM

for win10, there is a tool, I have Wub v1.1, it just stops the updates at the source

Now I don't want to go back to windows but I'll save this tool to the future, maybe I'll need windows for CPU mining or to use as a PC-RIG, thanks

Quote from: P00P135 on February 13, 2021, 12:34:24 AM

is a few years ago before i switched to linux. https://www.novirusthanks.org/products/win-update-stop/

Saved here, thanks

chup

sr. member

Activity: 736

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Me, Myself & I

Quote from: philipma1957 on February 12, 2021, 08:58:45 AM

Windows is a sneaky mofo.

I have some ryzen rigs mining monero so they use nicehash and windows 10 as smos is not running ryzen cpu's

Those rigs are at home and crash over and over and over. Due to up dates.

The simplest way of stopping Win10 from updates is configuring used network (WiFi or Ethernet) as "METERED".
You are wellcome.

geck

member

Activity: 145

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How about just setting virtual memory to the max. Works like a charm for me.

P00P135

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Quote from: fr4nkthetank on February 12, 2021, 10:04:50 PM

cant guarantee no virus or anything, i've had an old version forever which still works fine, pretty sure it was from that link. If I remember just setting windows update disabled in services works for a while but win10 doesnt like that and re-enables itself. You can nuke updates somewhere completely but wub is just easier
https://www.sordum.org/9470/windows-update-blocker-v1-6/

I used this a few years ago before i switched to linux. https://www.novirusthanks.org/products/win-update-stop/

fr4nkthetank

legendary

Activity: 2294

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Now the money is free, and so the people will be

cant guarantee no virus or anything, i've had an old version forever which still works fine, pretty sure it was from that link. If I remember just setting windows update disabled in services works for a while but win10 doesnt like that and re-enables itself. You can nuke updates somewhere completely but wub is just easier
https://www.sordum.org/9470/windows-update-blocker-v1-6/

philipma1957

legendary

Activity: 4256

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'The right to privacy matters'

Quote from: fr4nkthetank on February 12, 2021, 06:00:10 PM

for win10, there is a tool, I have Wub v1.1, it just stops the updates at the source

link

https://youtu.be/Z11axXu_oiY

do you do this?

Topic: Number 9! Ninth altcoin thread. Back to the moon Baby! - page 53. (Read 66403 times)