stock market crash

[DealorNoDeal]

OMG

You don't realise it but that euphoria you are experiencing is very dangerous.

Do you feel like God? Do you feel invinsible?

As they say in the ads, please gamble responsibly.

[Whorty]

You don't realise it but that euphoria you are experiencing is very dangerous.

Do you feel like God? Do you feel invinsible?

As they say in the ads, please gamble responsibly.

He's Ok, he's free from emotion when it comes to investing ..... honest gov.

[DealorNoDeal]

He's Ok, he's free from emotion when it comes to investing ..... honest gov.

He posted OMG within an hour of the price drop last night, which is a worrying sign of CG.

Bitcoincharts | Charts

I guess not many of you would applaud me trying to save him from himself.

[scooterscot]

He posted OMG within an hour of the price drop last night, which is a worrying sign of CG.

My chart use alarms to alert me when certain conditions arise. Where were they 20 years ago!

Thanks for your concern, I'm alright. Much better than yesterday. About £ ah never mind.

[DimPrawn]

You lot are wasting your time with Pooper. He's literally mentally disturbed when it come to this crap.

[DealorNoDeal]

My chart use alarms to alert me when certain conditions arise. Where were they 20 years ago!

Thanks for your concern, I'm alright. Much better than yesterday. About £ ah never mind.

Can you close that x3 derivative 24x7, or only during trading hours?

[jamesbrown]

You lot are wasting your time with Pooper. He's literally mentally disturbed when it come to this crap.

Yup. I see much pain and suffering in scootie’s future which, incidentally, I wouldn’t wish on him or anyone else. When you combine that level of emotional investment and misplaced confidence in your own abilities, very bad things happen in the long run.

[scooterscot]

Can you close that x3 derivative 24x7, or only during trading hours?

24/7! It's awesome. Years from now the whole stock market will be 24/7 on blockchain.

You can trade this derivative like spot and you don't have to stake any collateral. All you really need to understand is the gains / losses are calculated at 2:00am UTC everyday. And only use it on markets with high liquidity. Markets all over the world are manipulated, crypto no different, so you need to account for that especially with derivatives that follow markets with low liquidity. Better to stay away from them.

A walkthrough here:

Leveraged Token Walkthrough [READ THIS] – FTX Exchange

[DealorNoDeal]

24/7! It's awesome. Years from now the whole stock market will be 24/7 on blockchain.

You can trade this derivative like spot and you don't have to stake any collateral. All you really need to understand is the gains / losses are calculated at 2:00am UTC everyday. And only use it on markets with high liquidity. Markets all over the world are manipulated, crypto no different, so you need to account for that especially with derivatives that follow markets with low liquidity. Better to stay away from them.

A walkthrough here:

Leveraged Token Walkthrough [READ THIS] – FTX Exchange

It sounds like they perform similar to leveraged (x2, x3, x5) long and short ETFs.

[DimPrawn]

I hope he understands the implications of this:

However, over longer time periods leveraged tokens will perform differently than a static position.

For instance, say that ETH starts at $200, then goes to $210 during day 1, and then to $220 during day 2. ETH increased 10% (220/200 - 1), so a 3x leveraged ETH position would have increased 30%. But ETHBULL instead increased 15% and then 14.3%. On day 1 ETHBULL increased the same 15%. Then it rebalanced, buying more ETH; and on day 2 it increased 14.3% of its new, higher price, whereas a 3x long position would have just increased another 15% of the original $200 ETH price. So during this 2-day stretch, the 3x position is up 15% + 15% = 30%, but ETHBULL is up 15% from the original price, plus 14.3% of the new price--so it's actually up 31.4%.

This difference comes because the compounded increase on a new price is different from moving up 30% from the original price. If you move up twice, the second 14.3% move is on a new, higher price--and so it's actually a 16.4% increase on the original, lower price. In order words, your gains compound with leveraged tokens.

And so do your losses!