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By Smilezcryt · Posted
DogeDay always brings back memories of 2019 when my friends were diving into Dogecoin and joining farming activities. That's why I'm excited to explore the Bitget DogeDay giveaway event. Plus, with tomorrow's BTC halving, the excitement is doubled! -
As a meme fan, I have been waiting patiently for the Bull trend that happened to BTC recently to get to all the alts and so we can have what we had back then in 2021 to happen again, but time the strength of the uptrend has not been able to match up with what I am expecting and I do hope that the halving will help, but looking at the hype that is usually expected from the meme community. I don't think I'll be able to wait for the trend to resume and so I am taking more steps ahead of the game, taking up all the opportunities I believe would help the price-trend of my holdings, especially for the DOGE memes and I have found this DOGEDAY event ongoing and it really made a lot of sense to me, because if we look at how the DOGE coins have performed in the past. I believe if we can have a Bitcoin day to celebrate the first cryptocurrency, then we should be able to have a DOGEDAY too looking at the success rate of the meme and the support from the community. For me, this is something special that is worth the energy, vibes and hype and worth participating it. There are different sections to the event, which include the Twitter part, where Bitget is sharing $3,00 to those participating( https://twitter.com/bitgetglobal/status/1780495739984150962Twitter Post ) and the telegram event, and I believe this will favour those that love to bet on the price of coins. They are sharing 100BGB tokens for this and the Discord event has a 90BGB token to be shared. If we can have Bitcoin's day, then this DOGEDAY should be observed in all the DOGE communities and I will admonish meme lovers to observe events like this because it reflects the nature of memecoin and the hype around it. -
Will grab at a little lower price...
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Question
Vina
Hello Team
I am new to this platform and new to spread betting as well. So apologies if I am making some silly mistake here.
I opened up a demo account and I have £9943 of virtual currency still left. I was looking up the price of Amazon to understand how an US based stock bet works. I have a few questions:
1. I realized that that the price was showing up as 269004.0 and I cross checked against CNBC to find that the price was $2690.40. So I am assuming that the price being shown on IG is really in cents. Am I correct?
2. I tried to place a very small bet - £0.5 per point - and the margin requirement was shown as £26,886.40. When I tried to still place a deal, it told I had insufficient funds and I had to deposit £17,043 in my account to proceed. If the price of Amazon is $2690 and I am betting only £0.5 per point, I would expect the margin requirement to be 20% of $2690 and this should be covered by the £9943 virtual money still in my account. Am I missing something here?
3. When my base currency is GBP and I am dealing in US stocks, am I right in assuming that the currency conversions happen at 2 points - when I place a bet and again when I exit the bet? I am trying to understand the currency risk here.
Thanks a lot in advance.
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