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those people pay in euros and quid.

Except fiat is stable and firms still charge 3percent for processing and risk management.

Ok. So they also market to retail guys. They are selling fiat to retail merchants and buying fiat from retail investors. And only taking 1percent from the merchants.

they still can’t ship the watch to a Russian address.

who buys crypto from them and why? they seem to be focusing on getting vendors to accept crypto. That flow is going to be 99percent one way.

it’s hard to scale up your size and change your mandate and lower your risk tolerance all at once. I would slow it down. Offer to take 30k and work on perfecting your new mandate and risk parameters. Then take more money. not to mention the markets have changed over the last 6 months. Covered...

whose giving them fiat for crypto?

Admittedly, I didn’t understand the first url.

where’s their natural flow for selling fiat for crypto?

that's what i thought but someone else said they only charge $1. But to take on principle risk for 1% seems crazy especially as the flow is likely one way: someone selling crypto to buy something tangible.

they take on principal risk and don’t even charge for that?

thats the part i can't understand. how does investing in crypto equal investing in defi. i get those investing on the venture and angel side. i get those investing in specific projects, but if those projects monetize in some random crypto currency, what's the point. wealth is measured in...

so person A gives bitcoin to bitpay bitpay gives USD to breitling and then what does bitpay do with the bitcoin? hold it? sell it to someone else?

it seems like you don't know what the fees will be until you do the transaction. basically buying a watch for a random number. Breitling must have some markup as they will likely immediately sell the bitcoin for dollars instanteously.

What spread do these guys charge for accepting bitcoin? Do they take a haircut like they do if you pay in fx?

Do you accept shares in three arrows?

he probably saw a 5 percent run up before the puny 50percent drop

Momentum trading isn’t about price discovery. It’s about front running whales. And that is negative to the real economy: whether it be bear raids or it be creating instability in commodity prices or taking money from people who are buying for cashflow and value (and not for price). I think you...

should we ignore the fact that you helped create the panic sell off?

market makers are different. They provide liquidity. Most retail traders are trend followers and suck up liquidity. I agree with your post. I said it myself. Is that what you want your life to amount to? Speculating and as result the economy might have gotten a little more efficient (but...