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10/06/21 10:53
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Bitcoin and other major crypto experienced a dip in value on Thursday, erasing gains made earlier in the week. The decline came after the Federal Reserve signaled that interest rates would remain high for an extended period, with Bitcoin retreating 2.3% to $26.5K. Despite the bearish pressure, the founder and CEO of Bitcoin joint mining company Xive, Didar stated that the stagnant rate increase is positive for Bitcoin. He suggested that this could reduce the attractiveness of mainstream financial assets to institutional investors in the long term, potentially driving a new rally in Bitcoin's price. Major altcoins and exchange tokens also struggled on Thursday, with ETH changing hands at $1,585, down about 2.6% from Wednesday. Other altcoins such as BNB and BGB also experienced losses. Despite these challenges, some analysts believe that Bitcoin is likely to remain within its recent range between $25,000 and $30,000. Riyad from digital asset data platform Kaiko, noted that the market needs a catalyst to mount any serious rally. What are your thoughts? -
Traditional banking systems served as the gatekeepers of financial services for long, dictating how people access loans, save, and invest in opportunities. Typically controlled by a centralized system with a single authority such as a bank or government in total charge, this centralization is limited by high fees, restricted accessibility and slow transaction speed. Dentralized finance, DeFi, got introduced as a blockchain-based financial system that removes intermediaries or central authorities, and utilizes smart contracts instead. By eliminating intermediaries, DeFi delivers core benefits like improved accessibility into the financial system for everyone having internet connection regardless of their location. DeFi is also valued for its transparency. While traditional banking system often deny customers audits on how their assets are being managed, DeFi, through the help of blockchain allows anyone access to tracking and auditing transactions, thereby raising trust. Furthermore, DeFi also offers various financial services and products like DEX, lending and borrowing, stablecoins etc, all known to proffer varied innovative solutions, while operating 24/7 in contrast to traditional finance. DeFi isn’t flawless as issues like insecurity, lack of consumer protection etc are still prevalent; however, the growth of DeFi has been impressive; since its introduction, the total value locked in DeFi protocols has grown significantly indicating that the demand for DeFi services is fast growing. DeFi seems to be redefining financial industry by offering an alternative to traditional banking systems. With the increasing adoption, can we expect to see an overhaul in the way we access financial services? -
Leverage is good but please use it according to your risk management system coz the higher the leverage the higher the risk, I trade my perpetual futures on Bitget tho, the exchange offers high leverage but I only use according to my risk management system.
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Question
NG82Z7A
I am running the IG Trading Platform in a clean sandboxed environment with latest Firefox. Your UI seems very buggy and slow. An order got stock in the UI which I couldn't delete even after logout / login and full reset using the VM snapshot. Clearly a bug in your core platform. This then got converted to a open position because I couldn't edit or delete the order and I then couldn't close the position even after trying multiple times because it came from that ghost order - VERY BUGGY!!!! There was also stuck margin from that ghost order essentially stealing funds that couldn't be returned. Eventually I got the position to close after several minutes but it then appeared again stuck in the system without the related margin this time. This could of resulted in a massive loss of funds!
During this issue I found that there is no easy way to contact anyone to say there is a problem and get the position closed. It just stayed open conveniently sucking money out of the account. How's anyone supposed to trust a system with their money when you have absolutely no control over it. Writing a forum post when you are loosing money wouldn't be acceptable and god knows how long it would take to get someone on the phone.
Firstly why are there bugs in your system that allow unchecked positions to persist and no method to close them?
Secondly why is there no quick way to get in touch when there is a problem - conveniently there isn't even a compose message option just an Inbox - hmm 1 way messaging what's the point?
It really puts me off wanting to use something that won't obey simple operations / commands and could leave me open to large losses. Not sure how I could trust something like this with my money!
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