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Agree. Been trying to set up buy orders for over 20mins now...market moving alot and i cant get in. Frustrating! Alerts as to when one can place an order would save a lot of time.

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This is a question that is appearing time and time again. I had asked it many times in the past. Bitcoin in USD, Bitcoin Cash in USD and Ether in USD is only closed from Friday 10:00 pm to Saturday 8:00 am. Bitcoin, GBP, Bitcoin EUR and Bitcoin Cash GBP are closed from Friday 10:00 pm to Sunday around 9:00 pm - 10:00 pm. 

 

I understand it is frustrating as it was for me. IG have explained all about 'wallet risk' , etc. and at the moment they have no intention to extend this. I think once there is more volume on Crypto trading on IG then they would have to revisit this.

 

It is utterly bizarre. It is like asking someone to trade a FTSE 100 share on IG but not allow traders to from 1:00 pm - 4:00 pm on Friday and 8:00 am - 11:00 am on Monday. A lot can happen during Asian trading hours and UK traders on IG Index are missing out. Asia is where the majority of the Bitcoin is mined. There is a much better understanding of Crypto's within Asia and the likes of South Korea are active traders in Crypto's. 

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Haha, Now I found another issue when I think it was brought up in the past too, I am sorry I know I should read up. I tried to buy btc when it was tradiing at 10800 this morning when it was an obvious gain and guess what, I got a "You cannot currently buy this market to open a position" error popped up. Some smart algorithm knew that a lot of people "fomoing" (fear of missing out) and the system rejected my buy order! and for goodness sake, You all are already charging 0.0416% parking fees for each day and why are u all rejecting our longs? I find its quite ridiculous.

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I just tried to tried to go long on Bitcoin USD at 6:45 am today and guess what I got exactly the same message. This happens far too often and to me regardless of what explanation IG give, they have the 'edge'. Just like at the Casino, the house always wins.

 

To me it is pointless offering a product that you cannot open a position on when you want to during IG's own market opening times. This has been happening for months now.

 

IG have explained their rationale numerous times so the decision rests with the client. IG's Cryptocurrency service did not suit my needs and therefore I used other platforms and ways of investing in Bitcoin in particular. 

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Which other platforms would you recommend please?

IG hopeless that we can't buy when most beneficial to!

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And it happened again half hour ago when bitcoin dipped. This does seem like a deliberate automated action whenever price dips to a very potentially profitable level. A possible solution iv found - being a savvy scot - is to have orders in the background (granted it eats up your balance with the margin). When price looks good edit to a price that will execute immediately. Voila!

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I posted the following back in September 2017:

 

Plus 500 who are a competitor offer a far wider range of Crypto's to trade as below:

 

Bitcoin

Bitcoin Cash

Ether

RIPPLE

LITECOIN

DASH

NEM

 

Just to add salt to the wounds they offer as (below):

 

Trade 7-Days a Week, 24 Hours a day!*

The Cryptocurrency market is open around the clock and on weekends, so there’s no need to wait till Monday!


*Excluding Sundays at 12:00-14:00 UTC

 

They also offer attractive leverage options as below:

 

Trade Cryptocurrencies with Leverage

Trade cryptocurrencies with up to 1:30 leverage. You can start with as little as £100 to gain the effect of £3,000 capital!

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Ermmm. Not quite. Certainly not all the time. They turn it off quite regularly when demand and volatility are high. Sadly that is precisely the scenario people want to take advantage of!

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Yes I accept that point Luigo. I agree with your point. 

 

There is no point in offering GBP and EUR currency hedges in Bitcoin when IG cannot even offer pure 24 hour 7 days a week Bitcoin trading in USD. 

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Thanks - Apologies for sounding a bit cynical but isn’t volatility exactly what crypto trading requires. Caveat Emptor - the trading platform shouldn’t decide outcomes for a paying subscriber.

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When in the world will bitcoin gold be dealable? Plus 500 have had it for months but IG keep making excuses. We will have BTG at 0 when they let us deal.

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Hi -  - I appreciate the frustration in not being able to trade this BTG coin, and I want to confirm that we would of course like to offer this as a tradable asset as long as it's possible to do so, and the underlying technology is safe.  At the moment the exchanges which we deal with are yet to list it. Although some exchanges are trading this particular coin they are generally in China and S.Korea, or on exchanges which don't offer fiat withdrawals or trading pairs. We will keep all clients updated as best possible. 

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Caseynotes, I am coming across a lot of people asking this same question. Thanks for posting this. I think it maybe an idea for James to look into seeing if this could be posted however small on the main website page? Just a thought.

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Journalist's experience buying and selling on Coinbase, delays, outages, restrictions, periods where unable to sell.

Article from CNN Tech.

 

http://money.cnn.com/2017/12/12/technology/how-to-sell-bitcoin/index.html?section=money_topstories&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_topstories+%28CNNMoney%3A+Top+Stories%29

 

cnn1.PNG

 

 

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New webinar from Dailyfx (recorded today) discusses most recent news that have moved the markets (including Ether). Also, the arbitrage potential on the disparity between the exchanges (I posted on the disparity in this thread on Thursday). Plus takes a look at the charts of some of the main movers in in recent days.

 

30 min.

 

youtu.be/Xeh2kpwjDik?a

 

 

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Hi , 

 

Just out of curiosity, could you please give a few thoughts on when a CFD (any crypto in this case) could become unavailable to trade (or open buy)?

 

I'm sure there is a good reason, just looking for some clarity.

 

Cheers

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I have been calling for IG to offer Ripple for a while now and am screaming for IG to offer Stellar as it could see 'stellar' gains in 2018 and it would be nice if we could participate before the gains are made like in Ripple.

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Kraken crypto exchange down for near 2 days now after a planned update appears to have gone wrong, twitter going into meltdown due to lack of info and hacking fears.

 

krac1.PNG

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Is there any tools/app/calculator to determine the margin required and profit/loss for my position at different price level?

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    • This is going to sound well out of left field........But Re; Bitcoin/Crypto. It is not a widely known secret, but the Banks want to rid us of Paperless money and go Digital across the globe.  This will eventually lead to an RFID implant much like the digital chip in your ATM card.  However, all of your info will be stored on your chip. Depending on what you believe re; info on the web, Conspiracy Theories etc., some liken this to the Mark of The ****. So, keeping this short for fear as coming across as a Loon, be careful what you invest in re: Bitcoin.  We may all be inadvertently bringing in our very own Digital Slavery.  We're already being spied on by Google/Facebook etc.  GPS tagging, Permissions of Apps to access your phone.  Once they control your Finances too, we're screwed. Some believe that Crypto is about freeing us from the Banks.  It's not hard to see the other side of who might have came up with the idea in the 1st place. Will all this said, it's possible to assume that with the power of the Banks across the globe, then eventually Crypto WILL be the dominat currency.   However, before it becomes standardised, the value in the future may well be squashed as it becomes more regulated. Happy Trading.  I'll leave this here.
    • On another thread which @cryptotraderstarted @wjw22 commented that Bitcoin is not money. Money is something that can be transferred or used in exchange for goods and services. Bitcoin (though not widely accepted - in fact miniscule acceptance at this stage compared to FIAT) can be exchanged for goods and services in certain places across the globe.  They then go on to state that Bitcoin is not a store of value. These are just words. Since Bitcoin's inception in 2009 if you invested £1000 of your hard money into both Bitcoin and Gold then Bitcoin would have proved to be the better store of value than Gold. This is even after numerous 70% to 80% corrections! Bitcoin is not only the best performing asset in the whole world in 2019 but it is the better store of value since its inception. If @wjw22 has any evidence to support otherwise then please do provide.  They then state Bitcoin is a Ponzi and a pyramid scheme. Again these are just words. The European Commission, UK Government and many large Government and corporations are looking at Cryptocurrencies and how it can be applied in certain jurisdictions across the globe. We are at a very early stage. These things take a lot of time. Evidence from a credible source needs to be provided to support such statements as otherwise they are just words which originate from bias, ego, stubbornness, etc.  @cryptotrader, in case why you are wondering why I am not responding to your thread, it is because I want to avoid any aggressive discussions and arguments. We all have different levels of understanding and experience in this area. We all read different literature and research papers on this area. We all have different levels of knowledge in this area. Another reason is because I have done what you have a year or two ago in either this thread or the Blockchain Trilogy thread, cannot remember and it is pointless unless there are balanced arguments presented with credible evidence from credible sources.  People first compared Bitcoin to the Tulip Mania. Now that it has blasted through that people are now comparing it to the Internet boom and bust. Why must we compare it to anything? The Bitcoin boom and bust and boom again could be new future being created without any copying of past historical incidents. Future performance does not have to be based on past historical performance. From time to time new history is created that is different from the past. Bitcoin is a new asset and a new revolution which will create a new history and a new future.  Now @cryptotrader your thread was about Bitcoin specifically based on your title. Not about Cryptocurrencies in general. Yes a lot of Cryptocurrencies are junk. If Bitcoin's store of value is laughable then its store of value performance in terms of protecting capital and increase the value of the capital is astonishing when compared to Gold in the same period of time since Bitcoin's inception. Someone is buying Bitcoin hence the price is going up. A normal person does not need buy one Bitcoin at $13000. They can buy a fraction of it using FIAT money. That is the beauty. Countries like China and Russia want to end the US Dollar being the Reserve Currency. It is unlikely that the world will go back to the Gold standard. In this coming 'Digital Revolution' Bitcoin is one of the favourite to be groomed as the worlds first digital reserve currency which is not linked to any one specific country like the US. During US-North Korea, Bitcoin went up more than Gold. During US-Iran tensions, Bitcoin went up more than Gold. Therefore times are changing. People and countries do not want to store their money in something which can be manipulated by central governments and priced in US Dollars. Times are changing and power is shifting from the west to the east and countries like Japan have embraced Cryptocurrencies. I respect the views of others but what tends to happen is that if someone is negative towards Bitcoin then they highlight the negative and do not offer a balanced argument. Likewise if someone is positive towards Bitcoin then they do not highlight the negatives. Even I am guilty of that. I accept there are negatives and flaws in Bitcoin and other Crypto's.  
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