[Daily Discussion] Tuesday, July 30, 2019 Bitcoin Markets |
- [Daily Discussion] Tuesday, July 30, 2019
- [Altcoin Discussion] Tuesday, July 30, 2019
- Scammed by elude.in for .1 BTC - warning
- Can an algotrading guru shed some light on some logic I don't quite understand? Futures arbitrage and hedging question for the room
- Changelly vs ShapeShift
- My trading diary - How I made money from the USDT hearing
| [Daily Discussion] Tuesday, July 30, 2019 Posted: 29 Jul 2019 09:06 PM PDT Thread topics include, but are not limited to:
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| [Altcoin Discussion] Tuesday, July 30, 2019 Posted: 29 Jul 2019 09:06 PM PDT Thread topics include, but are not limited to:
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| Scammed by elude.in for .1 BTC - warning Posted: 30 Jul 2019 03:20 AM PDT |
| Posted: 30 Jul 2019 09:14 AM PDT Can someone explain to me the theory and calculations behind free-ish time value in crypto? I've built a number of crypto trading bots, and have a growing community of sometimes- or eventual- subscribers and contributors. I understand cash and carry arbitrage with traditional futures, where you buy/sell futures and underlying at different expirations andp realize the % difference with the price, after expiration. The barrier to entry is incredibly high. With crypto, the barrier to entry is much much less, with barely any minimum, and the volatility is much greater. With crypto futures on bitmex, deribit, situation at present on these two competing exchanges with matching expiration dates is: bitmex btc leverage: 100x bitmex eth leverage: 50x bitmex, btcusd, perpetual: 9695 bitmex, btcusd, sept 27: 9713 bitmex, btcusd, dec 27: 9882 bitmex, ethusd, perpetual: 214.35 bitmex, ethbtc, sept 27: 0.02206 btc ($213.54 USD) deribit btc leverage: 100x deribit eth leverage: 50x deribit, btcusd, perpetual: 9666 deribit, btcusd, sept 27: 9707 deribit, btcusd, dec 27: 9871 deribit, ethusd, perpetual: 213.17 deribit, ethusd, sept 27: 212.98 deribit, ethusd, dec 27: 214.90 and one exchange with off-expirations: okex btc leverage: 100x okex eth leverage: 50x okex, btcusd, perpetual: 9672 okex, btcusd, aug 2: 9662.5 okex, btcusd, aug 9: 9668 okex, btcusd, sept 27: 9685 okex, ethusd, perpetual: 212.74 okex, ethusd, aug 2: 212.848 okex, ethusd, aug 9: 212.743 okex, ethusd, sept 27: 212.38 what exactly would a quant or algotrader use for buy/sell signals to maximize arbitrage income from buying/selling these kinds of situations? Sometimes the diff among perpetual and futures is 5, 10, 15%... would you scale and buy/sell a fraction of margin balance more as the difference increases, sell/buy more as it decreases? The %s aren't great enough to warrant buy/sell until expiration, even tho it's a free lunch... How would you hedge one exchange, one expiration vs another exchange or expiration? Can someone explain this in detail? Huge props to anyone who can back up their math with spreadsheets or charts :) thanks for tips :) :) [link] [comments]  |
| Posted: 30 Jul 2019 10:51 AM PDT Instant exchange is a popular way to trade cryptocurrencies quickly and efficiently. In our next few articles, we will try to compare and evaluate the most popular exchangers at the moment. Today, Changelly and ShapeShift are still pretty popular services for these purposes. However, before using this or that exchanger, each cryptocurrency trader needs to weigh all the pros and cons. In this comparative review, we compare Changelly ShapeShift and go through some of their key similarities and differences, according to the safety criteria, the commission, options for different cryptocurrencies and the user interface. User interface First, let's look at a couple of Changelly and ShapeShift in terms of user interface. This is the first impression that a trader who uses an exchanger gets. Changelly interface is one of the most straightforward and easy-to-use interfaces among all cryptocurrency exchangers. For example, on Changelly you do not need to go to a new page to look at the trading options and calculate the exchange rate: all this information is at the top of the main page. Naturally, before you participate in the auction you will have to register. In addition, for their services, Changelly can sometimes take a significant commission. Previously, ShapeShift exchanger was known as an exchanger without accounts. However, in September 2018, the developers decided to change the model of the platform to give users additional protection and reduce friction. Now, to trade on ShapeShift, you will have to register. Compared to Changelly, for beginners, ShapeShift may seems more complicated exchanger. On its main page, a pop-up window "account required to participate in the auction" appears, which also describes all the advantages. After closing this window, you will find yourself on the statistics page, where you can see a variety of indicators. For example, you can look at recent transactions. Also on the homepage there is a 24-hour statistics of the number of transactions and BTC volume, the average order processing time and the most popular trading pairs. Security On its website Changelly stores no user funds. Instead, the exchanger sends funds directly to your wallet. It makes Changelly, not the custodian exchanger, which is usually safer than a conventional exchange, which holds users' funds. In addition, Changelly uses two-factor authentication (2FA). In May 2017, one of Changelly's supporting accounts was hacked. Some users received the following message: "All customers who make an exchange from Bitcoin to another currency must manually transfer to the specified Bitcoin address:...". However, Changelly support immediately blocked this account. ShapeShift, in turn, once used hot wallets on its website. It is unclear whether they can be used now, but users still remember the past vulnerability of the platform. In April 2016, ShapeShift exchanger was hacked and lost $200,000. Here's a comment from CEO Eric Voorhees himself: "the server Infrastructure was compromised and was under serious threat. We decided to quickly wipe out this infrastructure and build a completely new and secure environment." It is important to note that in the course of this, no customer has lost their money. The only funds lost belonged to the company itself. ShapeShift representatives called their own employee responsible for the incident. Commissions ShapeShift has quite a good commission for an instant exchanger. For each transaction, they take only a commission for mining. Some argue that this commission is somewhat overstated compared to the standard commission on mining, on which the platform earns. Anyway, for one transaction you will pay no more than 0.5 %. ShapeShift does not return funds after failed transactions if the amount of lost assets is less than the mining commission. If you sent the cryptocurrency to the wrong address (for example, to GNT instead of ETH address), the platform will charge you a refund fee in the equivalent of 50 euros at the current rate. As in ShapeShift, Changelly's commission is approximately 0.5 %. However, many Changelly users notice that the exchanger has "hidden fees", but basically it isn't, it is a result of high rate volatility of cryptocurrencies. For example, when you enter your existing funds (for example, USD), the amount transferred to another currency (for example, BTC) may differ from the current rate. And sometimes the resulting amount is the same as specified on the exchange. This should be taken into account when trading if you do not want to lose a small part of your funds. Although you should do this all the time in all exchangers. The choice of currencies Of course, the main advantage of both ShapeShift and Changelly is the variety of trading pairs. For example, you can easily exchange Qtum to Aragon directly instead of first changing Qtum to Bitcoin and then Bitcoin to Aragon, as is required on most other platforms. If we talk about the most obvious differences between Changelly and ShapeShift, it is worth considering the availability of exchange to the ordinary money. In the exchanger ShapeShift there is not a single fiat currency. Instead, ShapeShift collaborates with Simplex to provide its users with this capability. However, even considering this partnership, your choice is limited to BTC-USD and BTC-EUR trading pairs. About 33 cryptocurrencies are available on ShapeShift. There are several other cryptocurrencies marked as "temporarily unavailable", which may limit the use of the platform for some users. On the other hand, Changelly offers a large selection of trading crypto pairs (over 90) for USD and EUR. Also, this exchanger allows the use of debit and credit cards (Visa or Mastercard). Geographic and transaction limits ShapeShift and Changelly doesn't have any restrictions at the place of stay. Users from all over the world are free to use both projects. This is good news, especially given the fact that now many exchanges can not boast of such accessibility. If you are going to change large amounts, you need to take into account that each exchanger has its own limitations. ShapeShift has a relatively low transaction limit of $10,000 for level 1 users. By participating in the exchange, you can extend these limits. As of November 2018, higher levels (2-5) are not available to those who are not members of the community. The maximum limits of Changelly are from $ 50 to $ 10 000 for the first transaction, up to $ 20 000 per day and up to $ 50 000 per month. Conclusion So which exchanger, after all, is better? Having studied all these criteria, we can say that Changelly is slightly ahead of ShapeShift in its parameters. However, if the commission is extremely important for you, it is possible that ShapeShift will suit you more. It is also important to note that ShapeShift added a membership program in September 2018. As for Changelly, the exchanger continues to announce new partnership agreements with companies in the blockchain and crypto field. Further actions such as integration with various payment applications will help Changelly expand its user base and affect the future mass distribution of the platform. [link] [comments]  |
| My trading diary - How I made money from the USDT hearing Posted: 29 Jul 2019 10:34 PM PDT USDT hearing just ended without surprise, or say the "air" Tether is still stable so far. While before the hearing, people might dump USDT out of fear. So it's a good opportunity to use Grid Trading for stable/stable pairs like PAX/UDST to make profit from the fluctuation. I created a USDT/HUSD grid trading bot 4 days ago and have made 0.17% realized profit, which means a 16.44% annualized return from it. The risk is low and the gain is fair. Here's the screenshot of the strategy: https://twitter.com/Jeremy_pengzy/status/1156034473021960193?s=20 [link] [comments]  |
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