Commissions in Margin Trading — BitMEX vs Geco.one
There are hundreds of different entities on the cryptocurrency market that offer the possibility of trading. However, when trading cryptocurrencies with the help of exchanges, it is necessary to pay fees for transactions. Today we will go through several types of commissions charged by exchanges on the example of margin trading platforms. In this case, Geco.one and BitMEX as a comparison.
Commissions in Margin Trading
Most investors will sooner or later encounter maker and taker commissions.
The “maker” commission is charged in a specific case. For example, when you create a new…
The price of Bitcoin has increased by around 5,000 USD in recent days, thus exceeding 61,000 USD, which is one of the highest levels in history. Similar optimism is also visible on the ETH quotes, which is currently at their highest level in history, and on the quotes of many altcoins, whose rates have increased noticeably more than BTC and ETH over the past week.
Looking at the BTC quotes, you will notice that the oldest virtual currency’s price remains close to its all-time record. If only the currently tested resistance of 61,200 USD is permanently defeated and Bitcoin’s price…
Bitcoin’s prices rose by a modest 3 per cent over the past week, and Ethereum by just over 1 per cent. Looking at the charts of these two projects, however, you can see that there are pretty significant resistance levels on the way to their further appreciation, which may be a bit confusing in the coming days.
Looking at the oldest virtual currencies’ quotations, we will notice that the BTC quotes from the first half of March this year. They move inside a parallel downward channel, which is a kind of correction after earlier increases. Currently, this market is near…
The price of BTC has fallen by over $ 4,000 in recent days. Such a significant depreciation contributed to the overcoming of technical support of $ 47k.
There are many indications that this trend will continue in the near future. This fact makes it highly probable that the BTC rate will now fall to the level of $ 44,000, or even $ 42,500. It is there that the two closest, significant levels of support are located, in the vicinity of which we could expect the emergence of more significant demand reactions.
The price of BTC has fallen by more than $ 8,700 in recent days. Such a significant depreciation contributed to the defeat of technical support of $ 46,500, which put the bitcoin rate at one of the lowest levels in more than a month.
There are also many indications that this trend will continue in the near future. So far, there has been no significant demand reaction on the market pointing to an upcoming rebound. This fact makes it highly probable that the BTC price will drop to at least $ 42,500.
Since the beginning of September this year, the BTC price has increased by over $ 4,800, over 10 per cent. In turn, counting from the lows of 20 July this year, bitcoin has already increased by over $ 22,600, i.e. 77 per cent. Such a significant appreciation meant that the exchange rate of the oldest virtual currencies broke several critical resistance zones and was again above USD 50,000, which is the highest level since the first half of May this year.
Looking at the 4-hour interval, we notice that the BTC price tend to stay in the past days in…
However, the BTC price did not stay at this level for too long. For several days it has been fluctuating slightly below this zone, creating a correction which is a kind of market rebound after earlier increases.
In a pessimistic scenario, one cannot rule out that this correction could lead to a decline in the BTC price even close to the recently defeated resistance (now support), i.e. $ 42,200. However, considering that this level coincides with the measurement of 38.2 …
The price of Bitcoin increased from the lows of 20 July this year by over 21 thousand dollars, that's over 72 per cent. Such a significant appreciation meant that the exchange rate of the oldest virtual currencies broke several important resistance zones and was above 50 thousand dollars, which is the highest level since mid-May this year.
If this trend continues, the BTC price could rise to $ 53,000 or even $ 59,500 in the near future. It is also possible that before the end of this year, bitcoin will set a new all-time record above $ 65,000.
The price of Bitcoin has increased since the second half of July this year by over 60 per cent. Such a significant appreciation meant that the exchange rate of the oldest virtual currency broke several critical resistance zones and was above USD 47k, which is the highest level since mid-May this year.
If this trend continues, the BTC price could set a new record above $65,000 by the end of this year. Before this happens, however, the exchange rate of the oldest virtual currency would have to break through the technical resistance zones of $51,000 and $59,500.
Bitcoin was again above $ 42,000. Breaking this resistance signals an attempt to take control of the market by the bulls, which in the medium term may indicate a potential for further appreciation of BTC. If this happens, perhaps this year, the price of the oldest virtual currency will exceed $ 65,000, thus establishing a new ATH.
Looking at the quotations of the oldest virtual currencies, we notice that the BTC price has increased since July 20th by almost $ 16,000, which was nearly 55 per cent. …