Cryptocurrency Q&A

CryptoPioneer Sat May 18 2024 | 6 answers 1574

What happens if we don't sell futures on expiry?

I'm just a bit confused about futures trading. Could you explain what happens if we don't sell our futures contracts when they expire? I've heard some rumors that it could lead to some sort of financial penalty or obligation, but I'm not quite sure how it all works. Could you clarify this for me? I'm particularly interested in understanding the consequences of not selling on expiry, as well as any potential strategies or best practices for managing futures contracts effectively. Your expertise in this area would be greatly appreciated.

CryptoNinja Sat May 18 2024 | 5 answers 1469

Can I day trade crypto with less than 25k?

I'm curious about day trading cryptocurrencies, but I'm not quite sure about the financial requirements. Could you please clarify for me? With a capital of less than 25k, is it feasible for me to engage in day trading of cryptocurrencies? I've heard rumors that some platforms might have minimum deposit requirements or restrictions on trading volume for smaller accounts. Would it be advisable for me to start with such a limited budget, or should I consider building up my capital first? Your insights and advice would be greatly appreciated.

Nicola Sat May 18 2024 | 7 answers 1612

Which is more profitable futures or spot?

Could you please elaborate on the profitability comparison between futures and spot trading in the cryptocurrency market? I'm particularly interested in understanding which one offers higher returns, considering factors like market volatility, leverage options, and overall risk involved. Futures trading seems to promise the potential for magnified profits due to leverage, but are the risks also commensurate? On the other hand, spot trading seems more straightforward, but does it offer competitive returns? I'm looking for a balanced perspective that takes into account both the advantages and disadvantages of each trading mechanism. Could you provide insights based on your experience and expertise in this field?

EnchantedNebula Sat May 18 2024 | 5 answers 576

Is airdrop halal?

Could you please elaborate on whether an airdrop is halal? I'm genuinely curious about this topic, as it seems to be quite divisive within the crypto community. Some argue that since it's a form of free distribution, it should be considered permissible, while others maintain that there could be underlying issues that make it unethical or even illegal. Could you provide some clarity on this? What are the ethical and legal considerations that need to be taken into account when dealing with airdrops? And how does this fit into the broader framework of Islamic finance? I'm eager to hear your thoughts on this matter.