Margin trading shouldn't be a thing even for bitcoin if it was up to me. Margin trading basically is the trading of coins that doesn't
exist, how could we allow people to do trading on coins that doesn't exist. When I leverage my position by 100x I am telling the world I don't have that kind of money but if I did I would do this and they eat the other side of it and we bet against each other for the money that is not around at all.
When it comes to altcoins the situation is even more dire because lets be honest even bitcoin is open to manipulation whereas altcoins are obviously easier to manipulate. One person who is rich enough could change the whole price of a small coin and can get away with insane amount of profits all thanks to margin trading.
Topic: Should Binance cease margin trading on illiquid altcoins? (Read 175 times)
this is what I have been thinking about yesterday about the price of bitcoin, no matter how great the analysis and speculation, of course someone who determines is the pope too, who holds the big money he wins and plays the price behind, bitcoin should have recovered until now even altcoin, but unfortunately many playing with price plus margin trading like this, I have found this example and made me believe this margin trading is a problem where people can get big profits but dropped to big losses so people in the stock exchange get big profits too, but I don't want to accused everything back to the trader, but I believe my guess is to stop trading whether BTC or other margin will make the price better in the future
Halting our trades can be a good strategy while waiting a better btc value sooner. The positiveness of every perspectives will come up a good results as long as our holdings meet the set point. Margin trading or whatsoever, I guess would be suitable once full recovery will happen. But for now we still need to control our emotions, so we can prevent dumping an asset or at worst losing it so bad at cheaper gains.
this is what I have been thinking about yesterday about the price of bitcoin, no matter how great the analysis and speculation, of course someone who determines is the pope too, who holds the big money he wins and plays the price behind, bitcoin should have recovered until now even altcoin, but unfortunately many playing with price plus margin trading like this, I have found this example and made me believe this margin trading is a problem where people can get big profits but dropped to big losses so people in the stock exchange get big profits too, but I don't want to accused everything back to the trader, but I believe my guess is to stop trading whether BTC or other margin will make the price better in the future
Halting our trades can be a good strategy while waiting a better btc value sooner. The positiveness of every perspectives will come up a good results as long as our holdings meet the set point. Margin trading or whatsoever, I guess would be suitable once full recovery will happen. But for now we still need to control our emotions, so we can prevent dumping an asset or at worst losing it so bad at cheaper gains.
I am not very familiar with margin trading and liquidity trading. Because I know it is very detrimental if not good at analyzing.
I've tried such as BTSE liquidity there if the altcoin down at the limit of liquid balances we all lost the liquidity dissipated. But if once profit is tempting.
I've tried such as BTSE liquidity there if the altcoin down at the limit of liquid balances we all lost the liquidity dissipated. But if once profit is tempting.
I don't think Matic had anything to do with margin trading, but yeah, it's probably not a bad idea to cease margin trading on coins without liquidity. The market is already volatile enough as it is. Even BTC can swing crazy from margin trades sometimes ... not sure how little dinky coins could handle it.
I don't understand margin trading at all, that's just an easy way to lose your money if you look two steps forward. It's like playing in casinos - some people claim they are winning, yeah 
What happened to MATIC has nothing to do with margin trading lol, that's for sure.
Technically MATIC reached All Time High (ATH) & it was more than predicted to retract from there, was it supposed to be 50%, hell no, but what happened with all those news of big chunk released coins made that happen even faster.
If Binance stopped the margin trading, others will do it,they already doing it before Binance though.
I always say that margin trading in crypto in general is full of bullshit to be honest. The market is already saturated with volatility & we differently on't need it at all now or even the next 5 - 10 years.
Technically MATIC reached All Time High (ATH) & it was more than predicted to retract from there, was it supposed to be 50%, hell no, but what happened with all those news of big chunk released coins made that happen even faster.
If Binance stopped the margin trading, others will do it,they already doing it before Binance though.
I always say that margin trading in crypto in general is full of bullshit to be honest. The market is already saturated with volatility & we differently on't need it at all now or even the next 5 - 10 years.
this is what I have been thinking about yesterday about the price of bitcoin, no matter how great the analysis and speculation, of course someone who determines is the pope too, who holds the big money he wins and plays the price behind, bitcoin should have recovered until now even altcoin, but unfortunately many playing with price plus margin trading like this, I have found this example and made me believe this margin trading is a problem where people can get big profits but dropped to big losses so people in the stock exchange get big profits too, but I don't want to accused everything back to the trader, but I believe my guess is to stop trading whether BTC or other margin will make the price better in the future
The recent price collapse of MATIC illustrates that Binance is playing with fire by offering margin trading for altcoins. These kinds of manipulated price collapses only hurt the industry and make it look like a joke to those on the sidelines.
In August, the cryptocurrency world experienced a wakeup call. On Poloniex, CLAMS collapsed by -80 percent in just 45 minutes and led to 1,800 BTC ($20M) in liquidations. The story was nothing short of remarkable. An obscure altcoin with a trading volume of around $10M at the time had cost an exchange $20M in damages.
It left many in the cryptocurrency industry scratching their heads. Why was Poloniex allowing margin trading on an altcoin like CLAMS to begin with?
Source link here
I know you guys have different opinions on this one. I know, and you know how reputable Binance exchange is. They're one of the world's most popular cryptocurrency exchanges.
However, Binance isn't really exempted in a number of factors such as getting hacked and dumping of altcoins after ICO or IEO.
Speaking of that, MATIC is one of them. They had their value gone down by 70% in just an hour, or what we call as the "flash crash"!
Could altcoin margin trading be the reason behind this or not? I would like to know about your opinion, reaction or feedback about this one guys. Cheers!
In August, the cryptocurrency world experienced a wakeup call. On Poloniex, CLAMS collapsed by -80 percent in just 45 minutes and led to 1,800 BTC ($20M) in liquidations. The story was nothing short of remarkable. An obscure altcoin with a trading volume of around $10M at the time had cost an exchange $20M in damages.
It left many in the cryptocurrency industry scratching their heads. Why was Poloniex allowing margin trading on an altcoin like CLAMS to begin with?
Source link here
I know you guys have different opinions on this one. I know, and you know how reputable Binance exchange is. They're one of the world's most popular cryptocurrency exchanges.
However, Binance isn't really exempted in a number of factors such as getting hacked and dumping of altcoins after ICO or IEO.
Speaking of that, MATIC is one of them. They had their value gone down by 70% in just an hour, or what we call as the "flash crash"!
Could altcoin margin trading be the reason behind this or not? I would like to know about your opinion, reaction or feedback about this one guys. Cheers!
Jump to: