Jump to content

Bitcoin, Ethereum and bitcoin cash


Servian

Recommended Posts

Thanks Griffer

 

All of my positions were in USD as well.  Like I said, I have been using IG markets for 10 years to do all of my trading.  I have never had any issues and for the most part it has been a brilliant trading platform.  I believe this is due to internal adjustments of markets and (I hope) that positions will be reopened at whatever the spot price is for the relevant crypto currency. 

Link to comment

I have checked the daily statement that is automatically generated and I am comparing the 31 Dec 17 vs the 01 Jan 18 (I am in Asia timezone). The statement shows a list of trades under Trade Recaps, same underlying (I had several mini-bitcoins) but all different closing prices. Odd...

I guess we will have more visibility once they open in Australia. Their helpline is likely to be flooded with calls.

Link to comment

We need to calm down guys. They probably should have sent an email saying they were going to close all positions and reopen them later. 

 

Still they have sent an email saying they will #1 Open bitcoin gold, so why would they close all our positions including bitcoin gold? #2 They are consolidating their crypto positions and getting rid of the big and the mini contract.

Link to comment

So everything has been re-instated. I guess they could have communicated better. 

The new contracts are essentially US$ based, with a minimum size of $50 for BTC. I think this is hugely bullish for crypto, and especially for BTC, as it enable investors to get exposure for fractions of BTC, similar to a stock split.

Link to comment

There shouldn't be any expiry, but you need to carefully watch the length of time you remain invested. Remember that you get charged a daily margin rate, and for crypto it is not cheap (0.0416% per day, that is more than 15% cost per annum). While crypto goes up in leaps and bounds, that's ok, but the year btc only goes up 10%, you essentailly book a loss.

Link to comment

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • General Statistics

    • Total Topics
      16,232
    • Total Posts
      77,704
    • Total Members
      64,429
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    lilyruan0603
    Joined 19/10/21 22:09
  • Posts

    • Market data to trade on Wednesday: TSLA, IBM, ASML earnings; GBP/USD Earnings continue to dominate as traders await numbers from Metro Bank in the UK, ASML in Europe and IBM and Tesla in the US. Also watch inflation data in the UK which may seal the deal for the BoE to raise rates on 4 November. https://www.ig.com/uk/market-insight-articles/market-data-to-trade-on-wednesday--tsla--ibm--asml-earnings--gbp-211019
    • Hi @THT and @skyreach, Thanks for sharing your views on the BoE upcoming event. Just to add, Mike Riddell, a senior portfolio manager at Allianz Global Investors said “There is a lot of history that suggests bad things happen soon after yield curves start to invert, and that’s what is now priced at the front end of the UK rates curve.”   The big question from the markets now is the BoE about to make a policy mistake ? As investors are worrying over potential BoE rates mistake.   All the best - MongiIG  
    • It's very detailed here  martin lewis money saving expert . Draw the right conclusions))
×
×
  • Create New...