Bitcoin Trader Made Millions Trading on Margin

Willing to know how to make money from trading bitcoin? If yes, then, you are at perfect place. Well, currently bitcoin is the hottest and most trending subject of discussion among everyone, especially youth of the current generation. Every single person is investing in the bitcoin. Obviously, it’s great to invest and make money from trading bitcoin. Over the past few years, bitcoin has gained popularity at an alarming rate and as we all know, currently, bitcoin is the leading cryptocurrency in the market.

bitcoin trades

So, let us know how some bitcoin traders made millions trading on margin.

Earned and lost:

This terrible story about a bitcoin investor completely tells about the investment skills and luck. This is a real story about a bitcoin trader. After one year, the margin ran from 1k to 19k. He turned 3 lowly bitcoin which he had from playing poker into 200 bitcoin which would cost 2 million as per the current price. He thought himself a real genius, but, his destiny had some other plans. He got dumped from 19k to 11k, but, he kept adding 12k, 13k, 14k to his position. Finally, at 16k he earned further a 100 bitcoin in profit.

Then, instead of closing and having a total of 300 bitcoin, he increased leverage as well as his position size. The position got dropped back to 12k and he lost 100 bitcoin paper profit and almost 50 bitcoin margin. But, he kept on adding 12k, 13k, 14k, and 15k. He got liquidated at 17k and here came the other loss, another 50 bitcoin loss. The trader had only 50 bitcoin left with him. It was no less than a disaster. From 3 bitcoin to 200, from 200 bitcoin to 0. The loss was really disastrous. The trader lost his everything. It was not intended to scare you, we shared this tragic story just to tell you about the experience of a bitcoin trader.

History of bitcoin trading:

Let us have a brief discussion over the history of bitcoin. was registered in August 2008. After a few months, on 3rd January 2009, after the paper was published, the Bitcoin network came into existence.

During the early days, it had a very low cost, i.e., .06c a coin. The reason behind this was that only a few people knew about something called bitcoin. However, the scenario was not the same in the year 2013. In 2013, the price of a bitcoin rose to $1000.

Four years later, in 2017, the price arose at an alarming rate, it reached at a high price of $17500. From the year 2017, bitcoin gained its popularity and came into a trend.

Trading Bitcoin:

There are a few things which one must remember while planning about bitcoin trading. Firstly, you need to set up an account with an exchange, using exchange is the easiest way of buying and selling. Once you are done with the setup, you can start with your research. Don’t forget to remember your budget, i.e., what you can afford to buy. The major American brokerage firm recently made Bitcoin futures trading available to their customers.

Understanding the working of blockchain networks is important and you must understand how does it stand out from competitors. Never investment into something blindly, make your decisions wisely and be very careful while investing in something. There are two types of traders: long-term traders and short-term traders. However, when it comes to bitcoin trading, there is no buy and hold strategy. To make good profitable returns, you have to be an outstanding short-term trader.

For starting with bitcoin trading, you must have a proper strategy. To be a good trader, follow these important


  • You must be aware of the times of the days when the market is most volatile.
  • Never spend money that you cannot afford to lose.
  • Never be greedy.
  • You must have a good speed internet so that all your transactions can be made at a faster rate.
  • Have the latest bitcoin news.
  • If you follow the above-mentioned tips before going for bitcoin trading, you will definitely earn a very good profit out of it.
  • Always plan before investment.

Final Words

So, it was all about bitcoin trading. We tried our best to make you aware of bitcoin trading. For you to learn about a bitcoin trading experience, we also shared a truly tragic story of a trader. Further, we gave all the necessary details about trading, investments and earning profit out of it. If you still have any doubts or queries, just feel free to contact and ask us. If you have other ideas about bitcoin trading which you think can be a part of the content, must share with us. It will be good to have a two-way conversation.…

Rise in Bitcoin Futures Volume Forces Credit Agencies to Downgrade Dealers

In April, it was reported that bitcoin futures markets saw a steady increase in their volume. Recently, it was announced that products from Cboe and CME Group are still experiencing popularity even after bitcoin reducing to considerable lows.

The month of June has been extremely negative for crypto markets which have already been struggling to achieve the heights it ascended last year. The most popular virtual currency, bitcoin core, has lost more than $13,000 in the first half of the year.

The value of BTC spot went down after the establishment of the Cboe and CME Group futures market. It is to be noted that these platforms did not meet with much business after their initial days with less than hundred contracts per day.

Since then, things have changed as both marketplaces have enjoyed an increase in demand for contracts starting from April. On June 11, BTC futures from CME Group greeted more than 3,800 contracts expiring in this month. On the other hand, another giant from the industry, Cboe, enjoyed over 8700 contracts for June 11 which hints that a bearish market leads to an increased interest in futures. After Cboe announced the sales of 19,000 contracts on April 25, the average derivate sales for both the companies have been significantly progressive.

But, as futures market functions, an increase in business will involve financial institutions and clearing houses in the equation. It is believed that credit agencies will be enforcing a credit downgrade to prevent over sales of new contracts. Recent reports suggest that major three rating agencies, S&P, Fitch and Moody’s are discussing about a potential downgrade in credit ratings for banks that clear bitcoin futures.

In October 2016, Standard & Poor’s (S&P) Global, came out with a report that stated the affect blockchain development would have over credit ratings of banks that will employ the technology. Earlier in February, credit agencies looked to downgrade financial entities in case of a volatile increase in the sale of contracts.

However, the report also stated that it is hard to speculate on the extent of impact blockchain will have on the company’s ratings in the industry. The report added that S&P believes “that at the very least blockchain presents an opportunity for financial institutions which can “even generate new revenue streams.”

These agencies believe that providing ratings for BTC based futures is highly risky to the extreme volatility of the market. In case a downgrade is imposed all clearing houses will get affected including banks that provide the contracts directly. Their decision can disturb asset management of any financial entity with its lending requirements.

According to experts, the steep decline in crypto space is due to future products based on digital currencies. The example can be taken from the impact derivate products had on precious metals market and lots of other businesses.

It will be interesting to see the effect downgrade would have upon people interested in bitcoin futures. It is hoped that the step would uplift the crypto space and balance trades in the derivatives market.…

Raj Kundra Gets Questioned Over Bitcoin Fraud Case By The ED

Raj Kundra, the husband of actor Shilpa Shetty, was questioned by officials from Enforcement Directorate in regard to his part in a bitcoin scam. The whole meeting went on for 9 hours, and officials informed that his name came out after a probe in the GainBitcoin fraud case.

One of the members of the questioning team said, “Kundra was called to the ED office and asked about his involvement in the trade, termed illegal by the government. There are few instances of the case that are linked to Kundra and hence, he has been asked to record his statement.”

He denied all the allegations and reminded ED about him being a witness earlier. The GainBitcoin fraud came to light when Amit Bhardwaj and his brother were arrested in Delhi.

They have been charged with duping more than 8,000 investors for Rs 2,000 crore. The case was registered in April against GainBitcoin as they used false and lucrative promises to attract investors.

The Briton, in his defense, said that he was summoned only as a witness by the Enforcement Directorate. He will be co-operating with the authorities as he slightly knows Amit Bhardwaj.

He added that Bhardwaj was about to buy a team in the poker league which made him contact Viaan Industries, his company that runs the tournament. The Briton currently owns the Match India Poker League through this company, in which different teams compete for the title.

After bitcoin’s value skyrocketed in December 2017, many other virtual coins have popped up to gain profits from the momentum. However, most of these virtual coins do not possess a significant value or are part of fraud schemes.

Earlier this year, the Income Tax Department was sending notices to bitcoin dealers on a daily basis that amounted to more than Rs 1 crore. The name of those dealers was submitted to the ED, and the authority started an investigation into a possibility of money laundering and fraud. It was reported that many celebrities from Bollywood might get questioned during the inquiry.

In 2017, Arun Jaitley, Finance Ministry of India, informed that the country had no regulations in regard to virtual coins and Reserve Bank of India did not authorize any company to conduct business through such currencies. The government of India has advised citizens to be cautious of crypto dealings as they are not governed by any agency. Hence, they are termed highly risky.

It is not the first time Kundra has faced a controversy. He was banned for life from any or all cricketing activities after he was found guilty in an IPL betting scandal. His franchise, Rajasthan Royals, was also banned for two years. They recently made a comeback in the IPL season of 2018 under new ownership and management.

Digital currencies do not enjoy a positive outlook from the Indian government. As of now all the activities in relation to digital currencies have been banned, and a three-month window has been given to exchanges and investors to settle their business ending in July.

The case might reveal more people from the celebrity circuit or even politics.…

Ex-Telegram Employee Set To Launch a Trading Platform

Anton Rosenberg is set to launch a new digital currency trading platform named Mikado which aims to assist blockchain based start-ups in stabilizing their coin prices.

The former Telegram director of special projects has decided to provide help to businesses planning to launch an Initial Coin Offering (ICO).

This Tuesday, Rosenberg announced that it would guide start-ups that want to minimize the risk of price collapse when initial investors drop their tokens, and an open sale commences. He added, “Many companies who are doing ICOs are trying to get investors’ attention with big bonuses and discounts without a understanding how it will affect the price after the ICO.”

Traditional financial markets have the upper hand because of market makers and underwriters that guide companies to develop their IPOs. On the other hand, ICO markets do not enjoy assistance from mechanisms and institutions for planning release policies of liquid tokens. The former director claimed that Mikado would be the first to do the same job for crypto businesses.

The new crypto exchange will be issuing a derivative for tokens that are sealed like tokens and are dispersed among company’s employees to boost their work with tokens secured for early investors.

Investors will be receiving saleable derivative Mikado Tokens (MKT) after the locked tokens are transferred to a uniquely created escrow account. Finally, the holders of MKT tokens will be receiving their original tokens in an equal amount of their investment after the lock-up period gets completed.

Rosenberg further said, “Locking up coins is a convenient tool, but not very efficient. They can plan several lock-up periods, gradually release their tokens and control the trading volume.” The trading platform claims to establish a “stable commodity-based economy” in the crypto space.

Chief executive, Andrey Nayman, said that the company is not planning to launch its own Initial Coin Offering to avoid any chances of MKT being classified as a security. As of now, the firm has filed a license request for its distributed ledger technology (DLT) in Gibraltar. Afterward, the company has plans to enroll with the U.S. Securities and Trademark Commission.

About blockchain, Nayman said that the mainstream adoption of the technology is not possible until popular regulations are eliminated. He advised launch of proper regulations is necessary for any industry to survive and grow.

He continued that regulators are lacking discipline concerning the industry. Currently, no investor has any particular rights in blockchain projects. Regulators should be working to save the interests of investors and contributors. The CEO stated that America would be the deciding force in respect to the crypto and blockchain industry’s growth.

It is speculated that Mikado will be making a significant impact on the sector especially on new businesses that are waiting for someone to guide them. If the firm is successful in achieving its goal, then it will instantly become a necessity for start-ups and an inspiration for upcoming trading platforms.

But, the road to glory is not as easy as working with new companies and building their product can be very demanding and time-consuming. A failed project might become the end game for Nayman’s company.…