Jump to content

Bitcoin, Ethereum and bitcoin cash


Servian

Recommended Posts

Guest biagio

same thing has happened to me except I had just closed my positions. now it appears as if the only crypto trade will be litecoin "coming soon". the others do not appear on any search.

i think we should be told what is going on.

Link to comment
Guest Buttchy

I'm appalled! My position automatically closed and I was at $700 USD profit. All wiped out all of a sudden at 5.53pm SGT. What's going on IG?

Link to comment

Hi All
All my long positions with Bitcoin, Bitcoin Cash, Ether have been closed by the "Dealer" today at 9:48. All the profits have disappeared and not calculated in my equity. No clear reason or communication.
Does anybody know what's going on?
Stefano

Link to comment
Guest 3hourdrive

Same here, closed without warning. Ive also tried their '24 hour' help desk and it is closed. I will not be using this platform any longer unless my crypto profits are restored to my account

Link to comment

...to reply to "3hoursdrive" (with thanks)

that statement of closing positions at their discretion is referred to the hard fork.

 

"If the hard fork results in a viable second cryptocurrency, we may create an equivalent position on client accounts to reflect this. However this action is at our absolute discretion, and we will have no obligation to do so. If, and when, the second cryptocurrency is tradeable on a major exchange, we will endeavour to represent that value. We’ll do this either by making the product available to close based on the valuation on that venue, or by booking a cash adjustment on client accounts. If, within a reasonable timeframe, the second currency does not become tradeable on major exchanges or is otherwise deemed not to be viable as a currency (for example, it is not mined), we may delete any positions that had previously been created at no value on client accounts. We will take steps to notify you when we have taken this action."

Link to comment
Guest Buttchy

Looks like a world wide technical issue. If IG does this, I.e. Close positions due to their own discretion, they would have lost global recognition and this would be detrimental to their future business. I do hope someone from the team can address this issue for us.

Link to comment
Guest 3hourdrive

Thanks Stefano. I didnt quite understand how the fork scenario can work but its the only basis which I can find where IG would be able to close client positions. Perhaps they are temporarily adjusting their positions and I hope that client positions will be restored once the markets are reopened. IG please explain.

Link to comment

is it not to do with IG no longer making a market in certain positions:

 

did you get this email?

 

 

Changes to non-USD cryptocurrency pairs
Dear Mr. 

With effect from Monday 1 January we’ll no longer offer the following non-USD cryptocurrency markets:
Bitcoin (GBP)
Bitcoin (EUR)
Bitcoin Cash (GBP)
Bitcoin Gold (GBP)
Bitcoin Gold (EUR)
What will happen to my positions?
If you have any positions in these markets that remain open after 10pm UK time on Monday 1 January, we’ll re-book them to a USD pair. 

Your new position will be in the equivalent size and price to your current position, so you maintain the same level of exposure, as illustrated in the example below. Where applicable, positions will be converted basis IG’s respective FX mid-price at 10pm on Monday 1 January. 

Any working orders for non-USD cryptocurrency pairs will also be migrated in the same way.

This change means you’ll be able to trade all cryptocurrencies seven days a week, with our recently introduced weekend trading facility.
Example
Current position New position*
Buy £25 per point of Bitcoin (GBP)contract from a price of 10000.

Non-guaranteed stop level @ 9500

Limit level @ 20000

Exposure = £25 x 10000 = £250,000.

Buy £18.7266 per point of Bitcoin (USD) contract from a price of 13350.

Non-guaranteed stop level @ 12682.5

Limit level @ 26700

Exposure = £18.7266 x 13350 = £250,000.

*Conversion using GBP/USD rate of 1.335 for illustrative purposes.
Please manage your positions with these changes in mind.

Please note if you are trading via the MT4 platform this may affect your Expert Advisor/automated strategy. Do check your code to see if this applies to you. If you are unsure then you may want to consider disabling your strategy over this period.
We're here to help
If you have any questions about this or need help with your account, our highly trained client services team is available 24 hours a day from 8am Saturday to 10pm Friday.
 
 
Kind regards 

IG 
Link to comment

I didn't get that email and just searched. When did you receive it.

 

I've open positions on usd bitcoin still showing as open but not in any searches or watch lists. Assume above implies some serious reprogramming today.

 

What time is bitcoin open again to trade? Instead of watching on coinbase, currently 13220

Link to comment
Guest DANNYM

My positions too were only USD, and all got closed at the original opening levels. Some of these had been running for several weeks. I have reviewed the past statements, and the daily FX interest charged has not been refunded. I just hope it is a system error. No one we can talk to until 21GMT today when Asia re-opens

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • image.png

  • Posts

    • Staking to receive hourly rewards on Bitget PoolX is a less risky way of earning with the volatility attached to crypto trading
    • While the volatility of the crypto space is always a factor, the eternal quest to earn is ever present. This in part, means that, even after earning, we will want to make the earnings earn more. To do this however, requires an insight into the earning mechanisms at our disposal and correctly picking the best ones will transform idle assets into a productive investment. In a recent analysis of the staking rates across the crypto market, Bitget's PoolX platform offers the highest returns among similar flexible savings accounts from Huobi, OKEX, and Bybit. Especially lucrative for ETH, PoolX boasts an impressive APR of up to 28.61%. Users can stake BGB, USDT, BTC, or ETH to receive free airdrops of popular tokens daily, with rewards distributed hourly and available for immediate withdrawal. If staking ever comes to mind, you could leverage analysis like these to enjoy some of the highest returns available in the crypto market today. PS: Let me know in the comment section if there are better options elsewhere!
    • Bit Starz, a leading online casino known for its extensive selection of slots and table games, is offering an exciting promotion in 2024. By using the promo code “hella”, players can receive a generous 240 free spins, providing ample opportunities to win big on popular slot games. Overview of Bit Starz: Bit Starz is renowned for its wide variety of high-quality casino games, including slots, table games, and live dealer options. The platform is praised for its user-friendly interface, fast withdrawal times, and excellent customer support. Bit Starz accepts multiple currencies, including cryptocurrencies, making it a versatile choice for players worldwide. Promo Code and Bonus: Promo Code: hella Bonus: 240 free spins How to Use the Promo Code: Visit Bit Starz: Open your web browser and go to the Bit Starz website. Sign Up or Log In: If you are a new user, click on the “Sign Up” button to create a new account. You will need to provide your email, create a username, and set a password. If you already have an account, click on the “Log In” button and enter your credentials to access your account. Navigate to the Promotions Section: Once logged in, go to the promotions or bonuses section of your account. Enter the Promo Code: In the promo code field, type “hella” and click on the “Submit” or “Redeem” button. Claim Your Free Spins: After entering the code, you will instantly receive 240 free spins. These spins can be used on selected slot games available on Bit Starz. Benefits of the Promotion: The 240 free spins offer a significant advantage to both new and existing players. Free spins allow players to try out various slot games without risking their own money. This bonus can lead to substantial winnings, enhancing the overall gaming experience. Tips for Maximizing Your Bonus: Explore Different Games: Use your free spins to try different slot games on the platform. This helps in discovering which games you enjoy the most and where you have the best chances of winning. Check Game Contributions: Some games contribute more to wagering requirements than others. Make sure to play games that count significantly towards fulfilling these requirements. Stay Informed: Regularly check the promotions page for additional offers that can further boost your balance or provide extra rewards. By following these steps and using the promo code “hella”, you can maximize your gaming experience on Bit Starz. Enjoy the excitement and potential winnings with this generous 240 free spins bonus in 2024.
×
×
  • Create New...
us