This is my daily thoughts on what I am and am not trading and why. I find it really good to focus my thoughts. And hopefully I'll get some great feedback and generate some discussion
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My favorite site for trading is Bitmex, as the future contracts allow for lots of arbitrage opportunities and the leverage lets me leave most of my stash safe in cold storage. If you don't already use it and would like to sign up, here is a referral link that will get you 10% off fees and rewards me with 10% of the fees you pay, we both win.
Similarly my favorite site for trading options is Deribit, Here is a referral link for that.
A few of the exchange sites I also use are binance, bittrex and hitbtc, I find them about as good as the other exchanges to be honest but these have referral links so I figure I'd shill for them.
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If you like this post there will be more like it on my posts page, this account will be dedicated to posting about trading cryptocurrencies and maybe a bit of general stock markets.
If that sounds good please consider up voting, following or resteeming. If you are feeling particularly wild you could do all 3.
Disclaimer
Please do not invest on the advice of a stranger on the internet, only use this advice here as a starting point for your own research, and then if you choose to invest please only invest an amount that you can afford to lose.
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I am very excited about credit facility development and the impact of stock investors moving cash into Ethereum to profit from reinvesting cash derived from CDPs. I would be curious about your opinion of the longterm success of the Tron credit facility Just and the longterm success of the new Binance Smart Chain and the probable development of a credit debt facility there?
Thank you
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I must admit I am not too up to date with tron, any good primers out there?
As to the credit facilities, I think they will be big for which ever crypto wins. I just don't think any at the moment is a game changer.
Locking up my eth investment to then use 50% of it's value, is just not good enough. I can buy shares and then use 1,000% of it's value through 10x leverage on a derivative product in the traditional markets.
I'd like to see a derivative site built on a blockchain, like bitmex but on a chain (would need to be quick, cheap, and safe), you could have a market on anything if we have reliable enough oracles.
Derivatives can be used as a credit facility more efficiently that a simple loan
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