submitted by Bitoffer_Official to BitOffer_Official [link] [comments]
In June 2019, the Exchange Bitsane closed down and refused to withdraw money, which involving more than 246,000 people.
In July 2019, Btron exchange closed down. Due to the rights defending from a large number of people, Btron returned most of its assets and was praised as “the integrity exchange, lifts the mud without staining it”.
When the Fubit exchange collapsed on May 28th, investors found the company’s address and arrived there with only an empty office left.
There are more cases similar to what was mention. Although many exchanges did not abscond with the money, many people might hear of the uneven quality of exchanges, such as there are frequent cases of behind-the-scenes manipulation as well. Many of the exchanges’ users have suffered huge losses from the influence of those behind them, in addition to concern about the risk of market conditions, their operation strategy, but also worry about the “murder” from the platform.
Still, many users are taking high risks in pursuit of high returns from high leverage. In terms of risk control, most people will set up self-damage, but this method only cures the symptoms and cannot recover the losses caused by the explosion. Nowadays, the digital currency derivatives market has been very well developed, and we can hedge the risks with various combinations of trades. What I want to share with you today is to use correctly with the option and futures to gain without lose under the market explosion.
About Bitcoin Option
What we take in this article is with the lower cost to buy a bitcoin option on the BitOffer exchange. To choose from the expecting direction up or down (call option and put option), you can earn as much as the bitcoin goes up or down in the futures. It has the same equity as the stock, but it costs less principal.
For example, now the Bitcoin price is $10,000:
After then, there will be 2 situations:
The first situation: When the Bitcoin price increases by $200 (+2%)
1．Open long 20X Bitcoin: Earning 40% in profits, $320.
2．Lose the premium that you use to buy put options contract: -$60.
3．The net profit will be $320-$60= $260
The second situation: When the Bitcoin price decreased by $200 (-2%)
In addition to hedging the risk, this method can also for hedge stock. The biggest difference between option and stock is that the cost of buying a BTC with the spot is $10,000, while an option only needs $5. If the bitcoin rises to $15,000, the spot profit is $5,000 and the cost is $10,000. Meanwhile, a bitcoin option earns $5,000 with only $5 costs, which is 1,000 times from the cost. This is the unique charm of options, the limited risk with unlimited benefits.
Something bad happened. Confirmed reports someone bought at 1.5CNY, sold at 19CNY, bought BTC and withdrew then had their account locked.OKCoin is trying to assure bagholders that they'll fix everything and reimburse everyone... by posting an announcement on a subreddit for a different type of butt: https://np.reddit.com/Bitcoin/comments/3sb0dx/regarding_okcoin_ltccny_price_error_resuming/
OkCoin lost the entire orderbook for LTC, some 200Mil of LTC traded in <30minute bar. Liquidation occurred to 0.01CNY and now OkCoin is trying to reverse trades. They are in the process of altering their history right now with the charts miraculously reversed to 19CNY.
On November 10, 2015 from 16:15 to 16:17 local Beijing time, due to turbulence in the datacenter network, a hidden bug triggered the trading system, and a few off market transactions on LTC/CNY affected a small number of users.I wonder if they manage to get out of it, since some speculate:
To update, all affected user positions have been restored and we have resolved the bug. All users in LTC/CNY who were affected will be contacted during day on November 11, 2015.
Someone sold millions LTC for about 100,000 BTC from OKCoin yesterday. Then withdrew the BTC before OKCoin could freeze their account. OKCoin is most likely insolvent.Will OKCoin fold? We're in fact seeing symptoms of goxititis:
And when are you going to process my BTC and LTC withdrawals? I already tried to call the number and there is no response. Also no response on my emails??But there are more symptoms: https://np.reddit.com/Bitcoin/comments/3s9uvd/okcoin_not_processing_withdrawals_litecoin_drops/cwvhq8q
I'll add this to my list of OKCoin fuckery, the list for the uninitiated:Of course, OKCoin being based in China, not Japan, and fucking things up in discrete, flashy events instead of continuously, may survive a bit longer than Gox. We'll see.
OKCoin LTC market has freak crash to 1.00cny (sure the woodchipper got some good sacrifices there) OKCoin margin calls nearly every trader, promises compensation, and then doesn't actually give any compensation. OKCoin scams users OKcoin freezes its own platform, then Margin calls its customers Mass exodus at OKCoin, something is brewing OKCoin futures settlement issue CZ's Statement Regarding the Dispute Between OKCoin and Roger Ver Truth Behind the Dispute Between Roger Ver and OKCoin. Email leaks confirm OKcoin asked Roger Ver to help engage in Money Laundering, Roger refused. OKCoin no longer managing Bitcoin.com due to contract conflict with domain owner A warning about okcoin "Largest" Bitcoin Exchange Caught Faking Trades
Although, it does not actually mine Bitcoin - this fake miner is designed to fabricate the amount of mined BTC. The main purpose of scammers behind this software is to trick users into believing that they have to pay a withdrawal fee so they could transfer the "mined" amount of cryptocurrency to their BTC wallet. Therefore, Bitcoin Miner Pro is a fake crypto miner designed by scammers, it must ... We intend to re-enable Bitcoin Deposits and Withdrawals by 26th October, 2017 00:00:00 hours IST or sooner after evaluating the network and events associated. We will further announce the process of Bitcoin Gold issuance to those customers having BTC as clear deposits in their BTC trading account and in open orders at the time of coin split — Block 491407. Bitstamp becomes the second Bitcoin exchange to halt withdrawals. It says it has been struck by a cyber-attack. What is BTC? Bitcoin emerged in the scene in 2008 as a form of cryptocurrency. Bitcoin is an alternative to regular currency and can be used to avoid paying fees and interest on transactions. Through the decentralized network, you can control your own fund’s movement. When you use bitcoin, you will have a distinct 16-digit code that allows purchasers to send you funds. This code is like an ... r/BitcoinAll: All Bitcoin News. All Bitcoin discussion. All the time. BitcoinAll.
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