Wow.. this Red of Sea worse than previous storm

So much uncertainty

clearly to see so much ico dump ethereum to market , you see the trading vol , people is buying discount ethereum now , ethereum trading vol today very high https://www.cryptocompare.com/coins/#/usd

How long is this storm going to last ? until Aug 1st? Until Nov?

Well, i put in some fresh money for discount coin...
hopefully not been burn later

consider you can switch into litecoin ,
1btc = 55ltc

ltc = average 50usd

btc = if passed aug1 no spit estimate reach 3500 ? or 4000 ? lets start with 3500

i estimate litecoin will go up to 70 too , which isaround 5% of btc price future, you no need to risk the aug1 thing , but can continue your trading , trade back 3500 btc also not a problem ,who know btc failed ltc will become main trading cryptocurrency
china market buying ltc is like crazy , worth a keep

Thanks bro...

I just

Hi Sifus, can I know is there any risk lending BTC on poloniex? How if the person din return the coins to me

Don't worry that person didn't return your money because system set the loan period based on your preference , let say you set 2 days loan, the loan will continue until reach the 2 days expiry, your coin will be return to you + your interest earn - lending fee

If that person request for Loan ( in margin for Long or short ) it will depend when that person close the loan, shall this person didn't close the margin, the loan will automatically find a new loan interest near to that person.

In the event where as this person reach the liquidated position, this person coin holding will automatically close by system. You won't lose your coin, because the capital for margin will be enough to pay your loan interest .

So far so clear ?

So, u r a legal loanshark protected by exchange

You will only lose your coin if

-the exchange bankrupt all your coin gone
-the exchange system gone hairwire ( Normally you will be reimburse for your missing coin )

Kinda true as per kmarc previously analysis if both BTC and altcoin increase u will get more return ...

At the moment market is so slow n Low...

SC been dump by many people , could see the sell volume is higher

XRP as always.. RIP

Thanks for your clear explanation

i saw someone going through the fine prints that the exchange doesnt cover the loan completely.
there are in this case, you as the lender might get burned also.

in the event of forced liquidation, if they cant close it when his margin is depleted, then it will burn the lender's holding. and this is only possible in the event of a flash crash.

nowadays btc network got stuck so much, costs like RM5-10 for each transaction, rip btc

That's why there is a 20% liquidation warning and when it was 0%, exchange wil close the margin, pay the lender. It won't really burn the lender

Because simple as fact

Capital x 1.5x margin ( loan required ) = margin Long/short
Let say you have 1 BTC , ur total margin can use is only 2.5 ( ur capital of 1BTC + 1.5 BTC loan from other

This 1 BTC is hedge against 1.5 BTC loan from lender

The liquidation will deduct the loses from 1 BTC, not from 1.5 BTC loan from lender.

Example :
I put Long xrp at 10430 sats , at the moment, it drop to 9000 sats

My total capital 0.8btc , total margin value = 0.8 + loan = 2.0 BTC

I used everything 0.8 + 1.2 BTC
Now, my liquidation price is at 8500
At 9000, my total current loses is 0.3 BTC
So, from 10430 to 9000 = 1430 sats = 0.3 BTC
So, if based on what is shown , if it gone to liquidation at another 500 sats , I am probably going to lose 0.1 BTC

So, after liquidation , I will lose 0.4 BTC , which is deduct from my capital 0.8 BTC

I will only left with 0.4 BTC in my account if it gone through liquidation

So far, most of liquidation is at 50% of your holding ...

You will hardly lose everything at liquidation ...

Oh ya, balance 0.4 BTC haven't minus off lending fee ... which is 0.25% of selling price ...

all of this is the assumption that exchange can close the trade under normal circumstances.

there are however not under normal circumstances where the price simply crash or gaps down.
let's say trading at 10, supposedly close at 8, but some due to some idiots dumping usd30mil down or gaps to 5.

so the next price transaction would be at 5, gap from 10 to 5.
failed to liquidate at 8.

exchange not gonna beat the loss, borrower account emptied, so the balance is the lender

Deposit to bittrex 5 hours d still not confirmed... omg so slow

I haven't heard lender holding will be wipe off together borrower

In your situation, system automatically capture the closure. From my experience let say, my liquidation is 8500 but suddenly crash to 8000, it close at 8500.. bcoz that's the system limit.



ETH or BTC ?

ETH normally takes hours

BTC quite fast

under abnormal circumstances exchange don't bear these risks.
I read that on Reddit because got that fella read all the fine prints.

it's called gap because the price simply jumps to the next transaction price. very little ppl know what price gaps is

BTC... so slow...
suppose can buy PAY at $1.12, have to buy at $1.16 now... just bought some to hold

PAY looks really promising tbh, especially with an already working prototype and not just concept like most others. The team is also transparent, friendly and looks solid although young.

Hi guys, sorry for stupid question. Can i know what is the full name of PAY token that you guys are talking about? I couldn't find it anywhere at coincap >.<

TenX PAY
https://coinmarketcap.com/currencies/tenx/#charts