$300 million got to be liquidated while Bitcoins Halving, BitOffer and Binance Options kept their investors safe

[Zues 1069]

On 5/13/2020 at 4:25 PM, Aged Bitcoin Trader said:

As we all know, the 3rd bitcoins halving completed 2 days ago.

In this post, I made a poll on it, and please kindly select your answer of "did you get liquidated?". And on Friday,  I will choose one as the lucky dog to give away an options contracts to him on BitOffer.

 

Under the BULL news of Bitcoins halving, the market did not pump as we expected but plunged when most investors focused on the market with full of hope. At last, only disappointments lasted.

 

The plunge did harm to the investors. The liquidation data showed that during the period before and after the Bitcoins halving, near 300 million dollars positions got to be liquidated. When the market increased to $9,150, it gave out the signal that the market tended to pump. However, it was a temptation. After then, it dropped by more than 10% and predated the positions that fell into the trap. The Bitcoin Futures market now was toxic since some top cryptocurrency exchanges abuse the concept of “leveraged trading” and ignore users’ risk tolerance, like what happened on the ICO market, now bring up a “Yesterday Once More” on the cryptocurrency derivatives market.

 

But if investors who bought put options contracts on BitOffer Options or Binance Futures, they should have hedged their Bitcoin positions. Since the Options trading on BitOffer and Binance was "At-the-money" options, the investors only need to pay the premium that can only be $5 to $100 on BitOffer, then they would be able to directly earn the change of Bitcoins when the Bitcoin price declined while the 3rd Bitcoin Halving.  That is why BitOffer investors and Binance users can earn almost 2,000 USDT with $5 to $100.

Yes I think that you are right and your post is great and I think that it is needed to understand how investors are trying to adjust in things that they would want to do and I think tsht they should be ready if a time that the money will be liquidated

[Rezort 846]

If somebody really wants to multiple his money with bitcoin he should wait something around 3-5 years because it is almost 100 percent win for you if you have investment to that year.

[bentayebsalah 2280]

While the Bitcoin half happened, I didn't trade any and I was waiting for what will happen during this split, but nothing big has happened in the Bitcoin price yet.

[Thekingcallme 1975]

Fortunately I have not opened any trade and I like to trade when the market is not in a state of frenzy or volatility and that is better to ensure good profits

[rvherrera 137]

I think that most of us expected a rise and then a significant correction of the price of BTC and that it would be reflected in the rest of the cryptos. From already the movement of the miners I think that it was affected but despite this to this date the BTC price is still in the range of 9500 on average .... I hope a new rally begins. Success and much profit for everyone !!!

[gourav789 2834]

I used binance future trading from long-time , but never my order get liquidate becuase my margin Amount is good in every trade .

we must read graph properly becuase there is higher chance of looses in binance future as compared to profit .

[Moaz 7239]

I didn't open in any deal during halving because I didn't expect Bitcoin to rise significantly after halving directly as many expected, and there are a lot of crypto users that were very disappointed because of that, but maybe at the end of the year we see a big rise for bitcoin

[TimopheyKa 3900]

In fact, the fall after the split was obvious, I think. Because, in fact, bitcoin got sick, and it had to make a split. It's funny, right? Well, but it turns out that the system works on such a principle that it seems to me that many people have started selling cryptocurrency, due to some fear of loss. In General, if I believe so, the situation is very critical for many, and many have lost their funds :((

[Captain Karim 0]

I am sure of one thing in terms of futures trading, which is that the market is heading to make the majority lose, when the majority opens a long position, the market will go to shorts to liquidate traders, so I only trade what I own and what I bear losing and I only trade on the spot market and I advise So everyone, you will not make a big profit, but at the same time you will not lose all that you have.

[Shaza Ahmad 1682]

Whoever wants to lose his money quickly should go towards trading with leverage, I never use this method and until now all those I know have traded in leverage, have made fantastic profits in the beginning and then fall into the trap of liquidation and lost everything, so it is better not to approach trading with leverage.

[SuperCrypto 7193]

Bitcoin has experienced massive fluctuations throughout this period, causing huge liquidation on the major trading platforms. But at the moment, investors may soon convert their stablecoins into BTC and other digital assets to participate in the continuing uptrend.

[bogdanoff 3173]

The halving was bullish as the previous two, but it is maybe need some more time to see completely what can happen. Meanwhile Bitcoin is moving similar to the stock market of the dow jones and nadsaq. It is correlated and we can't overlook this.

[Cryptomint 433]

Yes whenever these kind of event comes out the hackers also introduced themselves. Therefore the big exchanges make changes against security.

[Khan 1414]

On 5/13/2020 at 8:06 PM, ETheHedgehog said:

i keep HODLing, i have strong beliefs that there will be a bull run again, but of course not right away as that's a trap

Holding coins must be risky and there is no guarantee that the Bitcoin will reach to high price , its currently paused I think because of Christmas or something else..