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Posts
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By iamcryptic · Posted
Hi guys, happy weekend! Cats TGE is getting closer, and a lot of exchanges have rolled out opportunities for users to make the most of it, especially for those who didn’t farm. I’ll be focusing on Bitget Launch Pool since I just locked some BGB. Here’s the deal: for those who didn’t meet the requirements for the official airdrop, you can still participate in the ongoing launch pool. You can stake BGB or USDT and earn some CATS. The last time I checked, the APR was in triple digits, and the pool ends in about 6 days. Personally, I think this is a great opportunity to get involved in the Cats ecosystem. What do you think? -
By cryptomaga · Posted
This gives more opportunity to users to earn more from this launchpool. -
Hey I wanted to share my excitement about the upcoming $CATS airdrop and the Bitget Launchpool event. If you're into crypto like me, you won't want to miss this! $CATS Airdrop Claiming First off, the $CATS airdrop is happening soon, and it's super easy to claim. Exchange like Bitget have partnered with Cats to offer a gas-free airdrop on Telegram. This means you can claim your tokens without worrying about those pesky gas fees! The tokens will be automatically credited to your account before the spot trading begins on October 8th, 2024, at 10:00 UTC. But that's not all! The ongoing Launchpool This is a fantastic opportunity to farm some extra tokens. The total distribution for this event is a whopping 19.5 billion $CATS tokens. If you've participated in Launchpool events before, you know how user-friendly and rewarding they can be. Why I'm Excited As someone who has been using the exchange for a while, I appreciate their transparency and the ease of use of their platform. The fact that they are making the airdrop gas-free is a huge plus. Plus, the Launchpool events are always a great way to earn some extra tokens with minimal effort. If you're as excited as I am, make sure to mark your calendars for these dates. Happy farming and trading, everyone!
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Question
Guest geldrausch
If I understand the email from today correctly, in some cases 100% margin of a trading position are needed.
A lot of traders that I know that are using CFDs or spreadbetting use it for the trading aspect of their portfolio, while long term strategies like holding stocks are performed in other accounts.
That is how I do it and that is why I mostly do not diversify trades on IG.
Lets say I would like to trade Bitcoin via IG.
Lets make a simple example:
Bitcoin is at 10000 US$
I would like to trade 1 unit (Euro or BP...), that means that under the new ESMA rule I have to put down a 50% margin in that case equivalent of 5000 US$.
Should that be my only position in the account, then the position would be automatically be closed at a loss of 50% of the account, which would occur at Bitcoin at 7500 US$ although the (guaranteed) stop is not reached and enough money is on the account.
To really only be executed at a 50% stop, would mean to increase the balance of the account to 10000 US$ meaning that I trade effectively at a leverage of 1 instead of the maximum 2.
That applies for any trader that is only holding a single position.
Are there any plans of IG to counter that "problem" as in for example offering "virtual loans"
Especially for cryptocurrencies I else do not see the point in using IG (or any CFD/spreadbetting company within Europe) compared to directly buying the coins if, in the end, a 100% margin is needed anyway.
Any input or correcting my possibly wrong way of understanding the ESMA rules is appreciated.
Best regards
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