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CastyLamer

The guidelines for the best hedging method to Bitcoin Trading

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this is really a Preet tutorial about bitoffer , I just never try this platform in my life but I surely regestred here today because I think this is the legit and trusted platform , thanks for sharing this post .


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You share good tutorial about this trading platform, but I don't think its useful, because in your topic you share method not trading its look like gambling, because predicts a prices and select put are call without any market analysis,  its not traditional trading.

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thanks for explaining this in very easy method I tried a lot on YouTube Google to find about this exchange but unfortunately there was no such video or blog where I can learn in easy method like this one 

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Well Spot trading is more profitable but there is huge risk more than traditional trading too as we exact prediction is always difficult to do. Any way thanks for the very informative post about it but i prefer traditional trading over it.

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NOTHING I SAY IS FINANCIAL ADVICE. YOU SHOULD USE YOUR MIND ,FOR YOUR MONEY,

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On 5/24/2020 at 10:37 AM, Ridam said:

Well Spot trading is more profitable but there is huge risk more than traditional trading too as we exact prediction is always difficult to do. Any way thanks for the very informative post about it but i prefer traditional trading over it.

I thought spot trading was the traditional one. I don't know what terms they use as they can change them any time, still I remember that with spot you can't use leverage or go short. Correct me if I'm wrong with this.

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On 2/9/2020 at 5:37 AM, Ardian1206 said:

It is very difficult to analyze such a thing because this is a fluctuating world, then again if there is truth done by a professional analysis then I will believe in the trade that he does.

If you have learned technical analysis professionally, it will be easy for you to predict the price and reach an accurate result of 90%.

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1 minute ago, Omar Ommeish said:

If you have learned technical analysis professionally, it will be easy for you to predict the price and reach an accurate result of 90%.

Sorry, but this is not true, TA doesn't work like that, it's giving you some possible scenarios and you have to choose from those. It doesn't give you any answers on where the price action is really going. Trading cryptos is a zero sum game so it's impossible for everyone to gain from it and there's no right way to predict the future price.

 

That's why some investors don't use technical analysis and rather base their judgement on the intrinsic value. TA is just one tool among many with traders.

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I listened or I think read in an article that this website is now scam. And it is not giving withdraw so always far away from this.

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I am think you are post about this in an incorrect place my dear. This that you are explain here should be in exchanges and not in crypto world. You are did the same with other posts and you did it because you knew this is where you will find more to read this. But I am think this is not honest and you are abuse the forum rules too.

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I don't have a lot of knowledge of this website but I recommend caution and do some research if you plan to use it. I would have known about it if it was serious and had a good marketing campaign but I only see this in some forum posts and nowhere else.

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I don't use derivatives or hedging methods, I invest and hold and I am not afraid of my bitcoin investment to open a short position to cover for losses. These are some traders that do that but having an investment and shorting it too is not very wise or profitable.

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I tried searching and didn't find a lot but there were some posts in bitcointalk talking about bitoffer and this CastyLammer guy. You have to search and find what happens and maybe this is shady or not and maybe it is not a scam but I have seen many websites like this exit easily with all funds. Major red flag that they don't have a lot of trusted users to give good reviews. Actually nobody is vouching for this one so I'm staying away.

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I don't trust even Bitmex to buy options and I wouldn't try an uknown exchange for any reason. To even find a spot exchange I spend days to find a few and I had to avoid many shady that were infact scams and proven later. Thanks for the offer but I don't use this for trading and I would prefer to use an exchange with some years of working flawlessly instead.

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Hedging is the best idea at the Bitcoin trading but i just say that in the crypto market so many big trader which trade in the forex market they trade now in the crypto amrket becasue it is going fast and good and we can make good money in it.

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This is actually a tutorial for this exchange this guy probably owns and probably belongs in exchanges or trading section and not in this one. I don't actually know what hedging is and it doesn't seem logical to me that I have investments in Bitcoin for long term. I would love to know why I should hedge and how will I profit from it. And the risk also. Why would I bet that price will go down, if I understand correctly, when I see that it is going up.

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I have to thank for this post about this information, I carefully tried to understand but I only understood around half of everything, but thanks even for this. We have to find the important information and keep it, right now I don't see how you can make a lot of money from this trading and I feel there will be higher risk too.

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In any case of existence in crypto currency, there would always be at some point that every user will have to encounter trading since we are talking about assets which is only practical for such platform to have like this kind. I would say that any trade exchange platform that a user used would not definitely change the flow of the succession rate of an individual user since it is only the medium where the user used in order to make transaction in the market. The only problem is that there are times that the trade exchange platforms has their own pricing range system which would affect slightly the phase of the trade transactions of other users.

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I don't trade but invest and I didn't know there is need to hedge Bitcoin even temporarily. I think that most that did that lost money as only one or two times every year this is profitable while investing is profitable for all the rest days.

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This looks more like a casino with call and put options. I prefer traditional spot trading and not very wild schemes that can be difficult to learn and not profitable either. Thanks anyway for the explanation how this platform works but I don't think I will try to learn more.

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I didn't understand a lot by this post, I only have seen yobit platform and how you can trade there but you are saying something about put and call that are bullish and bearish, I don't understand why you didn't name them sell and buy but I pass this, maybe needs more experience. Then you say there is a strike price that is not the real time bitcoin price. I don't know what this is either.

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Yan. I will pass. I don't want to say this was a scam as I checked the website and it is still there. Maybe if you are a legit project you are not taking correct steps to clear suspicions. But if you are not a legit project you will be found immediately. Anyway, nobody accused this one for anything but I don't know a lot about this trading either so I skip and only say that I haven't found anybody that used this platform and given a good review.

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The steps are  good and easy but you can not predict correctly or you can not be sure if the price will be according to your own prediction  so there are chances of loss.

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On 11/26/2019 at 2:04 PM, CastyLamer said:

1.      Enter BitOffer Official website(www.bitoffer.com), then login and click the button “BTC Options” and choose which options pattern you are going to trade.

image.png.ee24b6c1d9c7169b9445fb1c6d15b3fd.png

2.      After opening the options trading page

1)      Choose the time length of contracts: 7days, 1 day, 1 hour, 5 mins, 2 mins

2)      Choose your prediction of the trend: Call (Expect to be bullish) or Put (Expect to be bearish)

3)      USDT which is available for options trading

4)      Strike price of each contract; Your orders will be placed with the strike price, not the real-time bitcoin price.

5)      Quotation of each contract; The prices of contract for Call or Put are different.

6)      Enter your purchasing amount, the highest limit is 5. If you choose 7 days or 1 day as your contract period, the least limit is 0.1.

7)      Button for “Buying contract”: Buy Call or Buy Put

😎      Strike price may have a little price spread than the real-time bitcoin price, it depends on the market fluctuation; The price of contracts for each round is different.

9)      The spot index price is calculated based on the real-time transaction price and weight ratio of the seven major exchange.

10)   Options RoR Ranking

image.png.0192a5b96631f64ae491233a8b4d609e.png

3.      After order placed

A: After order placed, it will show “Order placed successfully.

B: The current position

😄 Unwind: You can unwind your contract before the settlement.

 

Current Position Catalog:

1.      Contract Name: Time length

2.      Options Type: Options/Digital Options

3.      Wallet Type: USDT

4.      Last Trade time: The time you placed the order

5.      Direction: Call/Put

6.      Strike: The strike price of your contract

7.      Open Price: The price you bought the contract

8.      Amount: The options contract amount

9.      Total: The total you invest this round

10.   Unwind Countdown (Time left until the settlement of your contract)

image.png.4486649d8929553efa41741cd51b1bed.png

I use the Bitoffer website but that is not good becasue i am trying to trade on it but the movement is not like that market which move regularly. And i regularly make loss in this site but in others i make good money and i also withdraw that.

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In his traditional speech on Friday, 31 May, Japan's Minister of Finance, Shunichi Suzuki, reiterated that exchange rates should reflect fundamental indicators and that he would respond appropriately to excessive movements.   On Friday, 31 May, a block of important macroeconomic statistics on the state of the Japanese economy was released. The Consumer Price Index (CPI) in Tokyo showed that inflation rose to 2.2% y/y in May. In April, this figure was at 1.8%, matching a 26-month low. Core inflation in Tokyo also rose to 1.9% from 1.6% y/y, and the CPI excluding volatile food and energy prices increased from 1.8% to 2.2% y/y. (It should be noted that inflation in Tokyo is usually higher than the nationwide figures, which are published three weeks later. Therefore, the Tokyo CPI is a preliminary but not final indicator of inflation dynamics at the national level.)   The current rise in inflation could increase confidence in future BoJ monetary policy tightening. However, the fear of low inflation and a sharp yen appreciation deters the BoJ from raising the interest rate and narrowing the gap with other major global currencies' rates. A strong yen would harm national exporters. The decline in industrial production, which fell by -0.1% in April both month-on-month and year-on-year, does not encourage borrowing costs to rise.   The last note of the week for USD/JPY was struck at 157.25. United Overseas Bank (UOB) analysts believe that in the next 1-3 weeks, "the dollar has the potential for growth, but given the weak upward momentum, any advancement is likely to be slow. The 157.50 level might be difficult to overcome, and resistance at 158.00 is unlikely to be reached in the near future."   Speaking of the average forecast of experts, only 20% indicate a southward direction, while the remaining 80% adopt a neutral position and look east. Technical analysis tools show no such doubts or disagreements. Thus, 100% of trend indicators and oscillators on D1 point north, with 15% already in the overbought zone. It should be noted that if the green/north color of the indicators for the euro and the British pound indicates their strengthening, in the case of the yen, it conversely indicates its weakening. Therefore, traders may find it interesting to pay attention to the EUR/JPY and GBP/JPY pairs, whose dynamics have been impressive lately. The nearest support level is in the area of 156.25-156.60, followed by zones and levels at 155.50-155.90, 153.10-153.60, 151.85-152.35, 150.80-151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. The nearest resistance is in the 157.40 zone, followed by 157.70-158.00, 158.60, and 160.00-160.20.   No significant events or publications regarding the state of the Japanese economy are expected next week. CRYPTOCURRENCIES: Bullish and Bearish Ethereum Prospects   For the second week, market participants' attention has been focused on the main altcoin. On 23 May, the US Securities and Exchange Commission (SEC) approved 19b-4 applications from eight issuers of spot exchange-traded funds based on Ethereum. (According to JP Morgan experts, this was dictated not by a desire to support digital assets but by a political decision aimed at supporting Joe Biden ahead of the US presidential elections.) Whatever the true reason for this regulatory move, everyone is now interested in where Ethereum prices will go. The newborn ETH-ETFs can only start trading after the SEC approves the S-1 applications. According to Bloomberg analyst James Seyffart, this could take "weeks or months," although it is very likely to happen in mid-June. According to DeFiance Capital CEO Arthur Cheong, Ethereum's price could rise to $4,500 even before trading begins. CCData analysts believe that within 100 days of the launch of ETH-ETFs, the price could reach $5,000 per coin. 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Davis believes this impressive figure clearly indicates growing recognition of cryptocurrency and interest from institutional investors, especially from the US.   Strike CEO Jack Mallers predicts that during the ongoing bull rally, bitcoin could reach $250,000 and possibly rise in price to $1 million. On a podcast with Pomp Investments founder Anthony Pompliano, Mallers explained his bold forecast by stating that bitcoin is still at an early stage of development. According to him, the bond market is currently facing problems, so central banks may inject a significant amount of liquidity into the financial system to stabilize it. This liquidity influx will trigger an increase in the value of risky assets, including the leading cryptocurrency.   Jack Mallers disagrees with the notion that bitcoin is a bubble or a tool for speculation. The asset is becoming increasingly popular among financial giants on Wall Street, and its limited supply of 21 million coins makes BTC highly resistant to inflation, unlike fiat currencies and gold. "Bitcoin can be called the hardest form of money – thanks to the fixed issuance schedule and halvings every four years. The release rate of new coins gradually decreases, thereby increasing bitcoin's long-term value," argued the Strike CEO.   Analysts from financial investment company Motley Fool also target a six-figure number. They suggested that bitcoin's rate could rise to $400,000 and possibly even reach $1 million. The reason, which has been mentioned many times, is the influx of money from institutional investors through spot ETFs. Motley Fool analysts noted that more and more pension funds and hedge funds, managing multi-billion dollar sums, are entering the bitcoin market. Thanks to cryptocurrency ETFs, they can easily include bitcoin (and soon Ethereum) in their investment portfolios.   According to analysts, around 700 investment companies have already invested in such funds. Nevertheless, the share of institutional investors in bitcoin-ETFs is currently only about 10% of the total. Motley Fool estimates that if financial institutions invest about 5% of their assets in bitcoin, the market capitalization of the first cryptocurrency could exceed $7 trillion, which explains its forecasted rate of $400,000.   Considerably less optimism was heard in the forecast of Bloomberg senior analyst Mike McGlone. According to him, bitcoin's volatility leaves it trailing gold and the US dollar in investment appeal. Furthermore, he believes that stocks will soon crash amid the expected recession, but BTC will suffer even more than the stock market. McGlone emphasized that the Tether (USDT) stablecoin, pegged to the US dollar, typically trades twice as much per day as bitcoin. "I can access the US dollar anywhere in the world from my phone using Tether. Tether is the number one trading token. It's the number one cryptocurrency for trading. It's the dollar. The whole world has moved to the dollar. Why? Because it's the least bad of all fiat currencies," the Bloomberg expert stated.   While Mike McGlone merely downgraded bitcoin's attractiveness, Cardano founder Charles Hoskinson simply buried it. He equated bitcoin to a religion and stated that the industry has outgrown its dependence on it. According to Hoskinson, "the industry no longer needs bitcoin to survive." He pointed out critical threats to the leading cryptocurrency, including insufficient adaptability and dependence on the Proof-of-Work algorithm. Franklin Templeton analysts, on the contrary, consider L2 protocols, along with Ordinals, Runes, and DeFi primitives, as one of the main drivers of bitcoin's innovation revival. Strike CEO Jack Mallers defended the first cryptocurrency. According to him, the Lightning Network, created for instant and cheap transactions, a second-layer solution based on the BTC blockchain, can further increase the demand for the first cryptocurrency. Mallers believes that thanks to this, bitcoin can be used for everyday purchases, such as paying for a cup of coffee. Former BitMEX CEO Arthur Hayes called the native token of the Cardano blockchain (ADA) "dog shit" due to its low use in protocols.   As of the time of writing this review on the evening of Friday, 31 May, ADA is trading at 0.45 USD per coin, while bitcoin and Ethereum are faring significantly better: BTC/USD is trading at $67,600, and ETH/USD at $3,790. The total cryptocurrency market capitalization is $2.53 trillion ($2.55 trillion a week ago). The Bitcoin Fear & Greed Index remained almost unchanged over 7 days, staying in the Greed zone at 73 points (74 a week ago).   It should be noted that ETH/USD failed to break through the $4,000 resistance this past week. The local maximum was recorded on Monday, 27 May, at $3,974. The lack of an immediate pump is explained by the fact that everyone who wanted to buy Ethereum in anticipation of the SEC's historic decision already did so. Meanwhile, according to some analysts, there is a high probability that immediately after the launch of the long-awaited spot exchange funds, Ethereum will enter a deep drawdown, similar to what happened in January with bitcoin. Then, over 12 days, it fell by 21%.   One of the key reasons for BTC's drawdown at that time was the unlocking of GBTC fund assets from Grayscale, which was converted into a spot fund from a trust. It began losing investments daily at a rate of $500 million. It is possible that something similar could happen with Ethereum, where Grayscale's ETHE fund holds $11 billion worth of ETH. As soon as this fund is converted into a spot fund and its assets are unlocked, short-term investors might start taking profits, potentially causing ETH/USD to fall to the strong support zone of $2,900-3,200. Pessimists among bearish factors also cite the uncertain legal status of the altcoin, as the SEC has not yet clearly defined whether ETH is a commodity or a security. Additionally, the regulator has many complaints about the staking program.   Staking is a way to earn cryptocurrency by "locking" a certain amount of coins in a wallet on the Proof of Stake (PoS) algorithm to support the network. In return, the user receives rewards in the form of additional coins. According to Wall Street legend Peter Brandt, "the biggest disasters in the cryptocurrency sphere that are yet to happen will be related to staking." The expert noted that such assets as Ethereum are often rented out to earn such income, often in the form of interest, which strongly reminds him of collapsed financial pyramids. As staking becomes more widespread, Brandt warned, it could attract increased attention from central banks, treasuries, and other authorities. This could lead to tighter regulation, significantly altering the crypto space and potentially resulting in the cessation of staking and bankruptcies for those involved. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Даа, кроме нас на форуме остались рекламщики обменников и все). А у вас было монета not, он очень хорошо вырос. Надо было покупать сразу после листинга. Даа, упускаем моменты). Биткоин продолжает коррекцию делать, а я купил какие то щитки и вынужден ждать. 
    • Крупный банкир получил тюремный срок за криптомошенничество   Бывший инвестиционный банкир Рашон Рассел приговорён к 41 месяцу тюремного заключения за мошенничество с использованием цифровых активов. В результате расследования правоохранительные органы США выяснили, что обвиняемый начал опробовать свою мошенническую схему на друзьях, бывших одноклассниках и коллегах по работе в криптофонде R3 в ноябре 2020 года. Рассел обещал им гарантированную доходность инвестиций от 25% до 100%. Чтобы его слова были ещё убедительнее, он пустил в ход свой опыт инвестиционного банкира и сфабрикованные документы (поддельные счета, переводы). Сначала он использовал часть полученных обманным путём средств для выплаты долгов более ранним инвесторам. Остальные деньги Рассел тратил на азартные игры и поддержание роскошного образа жизни. Такая мошенническая схема работала до августа 2022 года. В апреле 2023 года Рашона Рассела арестовали, а в сентябре он признал свою вину. Тогда же выяснилось, что Рассел незаконно приобрёл около 100 кредитных и дебетовых банковских карт на имена других людей. По мнению следователей, он планировал использовать карты для проведения транзакций с полученными незаконным способом деньгами. Минюст США подсчитал, что потери инвесторов от мошеннической схемы Рассела составили $1,5 млн. Именно эту сумму подсудимый должен выплатить своим жертвам в качестве компенсации. Источник - https://ru.investing.com/news/cryptocurrency-news/article-2428894
    • CryptoRank поделился списком крупнейших разлоков июня.        Будьте осторожны в отмеченные дни, ведь увеличение предложения может вызвать давление со стороны продавцов. ARB — $105.21 млн;APT — $103.03 млн;UNI — $87.93 млн;STRK — $75.67 млн;DYDX — $66.3 млн;SEI — $63.81 млн;ID — $55.82 млн;IMX — $54.96 млн;MERL — $42.21 млн;ENS — $36.65 млн.  
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