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By Smilezcryt · Posted
Green Bitcoin (GBTC) blends the appeal of Bitcoin with Ethereum's environmentally conscious technology, offering sustainability alongside Bitcoin's scarcity and potential for price growth. A standout feature is its "Gamified Green Staking," allowing investors to earn rewards with APYs of up to 125%. What distinguishes GBTC is its emphasis on sustainable, long-term investment, earning recognition from experts like Kane Pepi, who praised it as a top cryptocurrency presale, raising over $6 million. With sustainability gaining global importance, could GBTC redefine eco-conscious investing? -
By Smilezcryt · Posted
MANEKI, a captivating token native to Solana, encapsulates the spirit of prosperity and good fortune. Its value dynamically responds to market sentiment, making it a magnet for both traders and enthusiasts. On Solana's platform, MANEKI has witnessed a surge in popularity, evidenced by its substantial $12 million bottom pool and the increasing number of addresses holding the coin. While its current utility is predominantly confined to trading, its allure lies in the potential it holds for the future.Much like the beckoning cat that symbolizes luck, MANEKI invites you to delve into the world of crypto luck. Whether you're a seasoned trader or simply curious, MANEKI is one to keep an eye on—the token whispering secrets of prosperity and wisdom. -
By iamcryptic · Posted
The Bitcoin halving has passed, and the market sentiment remains calm no much momemtum. However, other sectors like DeFi, gaming, and NFTs are thriving. The emerging DEPIN sector is also gaining traction, with Meson Network (MSN) catching my attention alongside Helium and Filecoin. While Helium revolutionizes credit with algorithmic approaches and Filecoin automates trading strategies with smart contracts, MSN stands out with its decentralized marketplace for computing power and cloud storage services. What sets MSN apart imo is its focus on decentralization, end-to-end encryption, and incentive mechanisms, making it a promising platform for developers and users. Its open-source code and connection with Web2 and Web3 applications open up real-world use cases like secure messaging, file sharing, and Dapps. With its censorship-resistant communication channel, MSN is poised to impact regions with internet censorship. As MSN gains traction with scheduled listings and availability on Bitget's pre-market, I wonder: Will MSN's decentralized computing power and cloud storage services make them stand out?
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Question
colfah2
I'm playing around with a demo account before I open a real account.
Below is my understanding of how it works.
Do I understand correctly what is going on?
I intend to buy €4.73 per point of the S&P500 at a price of 4235.
It appears that all buys are leveraged at 5:1 and there is no way of reducing this?
I will pay an overnight charge at the libor rate + 2.5% on €15,000
The margin requirement is 15% because the total value of this trade is above 7500 USD
Once the price falls below 5% (4023) I will start receiving margin calls
If the price falls 15% (to 3599.75) I'm calculating that I would need to deposit an additional €2,000 if I want to keep the trade open.
If it fell further than that, and I chose not to deposit any additional funds, the trade would be closed and I would lose a total of €3000 (initial margin of €1000 and €2000 deposited after margin call)
I cannot lose more than I deposit in my (retail) account because I live in EU and am therefore covered by ESMA.
Apologies if I'm asking some very basic questions. Just want to ensure I understand what I'm doing before I play with real money!
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