[Daily Discussion] Sunday, September 01, 2019 Bitcoin Markets |
- [Daily Discussion] Sunday, September 01, 2019
- [Altcoin Discussion] Sunday, September 01, 2019
- How is BitMEX still in business?
[Daily Discussion] Sunday, September 01, 2019 Posted: 31 Aug 2019 09:05 PM PDT Thread topics include, but are not limited to:
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[Altcoin Discussion] Sunday, September 01, 2019 Posted: 31 Aug 2019 09:05 PM PDT Thread topics include, but are not limited to:
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How is BitMEX still in business? Posted: 01 Sep 2019 10:27 AM PDT [Tried to post to megathread -- didn't seem to work] Hi. I came across this blog post that links to this subreddit and wanted to get your opinion. It's from the CEO of a dex called BQT. Here's an excerpt: "[I]n addition to the derivative nature of the contracts, BitMEX will let you leverage your position 100x. And I'm not opposed to big margins. I want that for BQT too, as I've mentioned here before. But that leverage has to come from your counterparty, not from me. So if 99% of your position is uncovered, and the other 1% is derived from bitcoin rather than being bitcoin itself — that is, there's an infinite amount of it rather than the mere 17.3 million bitcoins currently in existence — then there really isn't a lot of substance to what you're trading. It all becomes pretty meaningless. No wonder that "BitMEX" and "rekt" are two words that go together so intimately on Twitter, Reddit and I'm sure elsewhere." The full post can be viewed on Medium, "@BQT". What do you think? [link] [comments] |
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