starting to day trade crypto question

[johnarb]

Doesn't Bybit have some kind of Dex available? I think they call it Web3 or something.

I never heard of the ByBit dex, perhaps as you said, it's a web3 platform, but still a cex

A true dex is a smart contract running on the blockchain, open source and audited, with at least the required timelock for protection of user funds

Tokenomics incentives make sense for all participants, platforms

If not Bybit, what DeX have you been using? I would think the main thing is that there be enough other traders or market makers to keep the spread narrow.

I mentioned on another thread I use dex Apollo X, but I would not recommend it. I use it as it's perfect for my trading methodologies

The (gold) standard for dex perp futures is GMX. It's been forked I don't know how many times, for example, GNS Gains network on Arbitrum One and Mummy Finance MMY on Fantom

I recommend Gains network from my experience of using the platform , and I no longer own the GNS token so I'm not biased (anymore)

Gains network offers perpetual futures on stocks (not anymore) and gold and currencies (forex) not just cryptos. Absolute degeneracies

https://gains.trade/trading#BTC-USD


Here's a detailed article on dex perpetual futures


https://www.coingecko.com/learn/decentralized-derivatives-perpetual-future-dexs

 

[777]

i have about 2000 usd and wanted to start to daytrade in butcoin . I know 2000 is very small if you wanted to trade bitcoin. Does anyone know how I can trade bitcoin with such a small amount of money? is there options trading for bitcoin ?

It is good you post questions like this. Try very hard to listen for the ring of truth in the answers you receive.

The truth is that you figure to lose and lose. There are other areas of life to investigate where you can become a winner..

Between speedy and sophisticated algos, price manipulation and frictional costs, you figure to be shredded.

As you lose, please remember my post and perhaps it will be easier to stop

With some games, the only winning move is not to play.

 

[cashclay]

It is good you post questions like this. Try very hard to listen for the ring of truth in the answers you receive.

The truth is that you figure to lose and lose. There are other areas of life to investigate where you can become a winner..

Between speedy and sophisticated algos, price manipulation and frictional costs, you figure to be shredded.

As you lose, please remember my post and perhaps it will be easier to stop

With some games, the only winning move is not to play.

thank you for that