Search results

What most bears have also not done is buy a small amount of Bitcoin and test it out. Hell, they haven't even looked at a block explorer chugging away (nor know what one is). Crazy that anyone is willing to listen to such people. Probably the same people that were experts at horse and buggies...

What pretty much every Bitcoin bear is missing is they're not THINKING 2-5+ years out. All they see is Bitcoin (and the others) rise and fall in price and in turn they think it's just another thing that moves up and down. Instead, what they should be doing is thinking about what decentralised...

Jackie Chan manages it!

We will only know after the fact, then it's all obvious. For example, 'they' said that lazer eyes was surely a sign of a short term peak in Bitcoin but the price has rallied another 25%+. Anyone that sold on the back of laser eyes, trying to be clever like Peter Brandt, has left money on the...

Thiel wasn't saying China is a threat, he was arguing that China/Bitcoin could be a threat if the US let's them. Hence the US should start to adopt and think about having a Digital Assets Ecosystm (DAE) strategy for the coming years... My strategy for any government would be learn to live with...

He just came around, they all come around eventually if/when they do the work...

I see your point D. If the premium implodes (and maybe go negative) then it's free money as you're short the future. But if the premium explodes (strange things can happen in crypto) then things might get interesting. Anyone have a spreadsheet of the workings of the trade? Including...

Daal, put the numbers in a spreadsheet. If the P&L is paid out in BTC then there's zero price risk re margin as the trade is always 100% covered. Doesn't matter if the price flash crashes to $0.01 (rumours of heavy bids at that level) or high ticks to $1m. Now, if the P&L is paid in USDt...

Perhaps when it gets less than 15%. As for margining, not a problem if it's 1 to 1, no need for adjustments. Buy 1 BTC, sell a slightly larger amount of Bitcoin futures (due to the basis as the returns are paid in BTC). Correct me if I'm wrong but receiving the premium in USDt makes margining...

True Pek, but I think they all might have got more than 70% back. Anyway, as you rightly point out, many knew, even the banks/brokers as Bernie said himself, but it wasn't a problem as long as those 1%+ cheques kept coming through the mail every month.

The Office is such a great show. Personally I think the US version is far better than the UK one.

As I said in another post, someone at FTX probably said in a morning meeting 'hey, let's issue a grey market token on the pre-IPP price on COIN'. The boss probably said, great idea, get to work. And then a few hours later it was listen and clients were trading. Who on Wall Street can operate...

Here you go - "CME Group’s Micro Bitcoin futures contract, which is set to launch May 3 pending regulatory approval" Pending regulatory approval being the main phrase. But in crypto, they just do it, they get on with it and the market will then prove or disprove the new offering.

The strangest things happen in crypto.

This is something every big financial institution should be worried about. The speed these new crypto exchanges operate at is something to be admired. Someone for example at FTX probably said one morning 'we should list the COIN IPO as a grey market'. Great idea the boss said and then 2-3 hours...

Yes and no. Thy'll almost certainly use their own market making operation (automated) but they'll be in competition with many other market making shops who plug into them. With your computer skills Duke, you could build an automated market making algo and join the fun...

Legit futures Duke. It's you trading against me, not us trading against a market maker. No different to Bond futures or ES.

Probably crap compared to the big Exchanges like Binance/Bitmex etc. But it's another option for traders so it's very welcome. As R1234 points out above, he doesn't care about actual Bitcoin, he just wants to make some cash on its movement. Plenty more like him out there and the regulation and...

In order to successfully hold Bitcoin you need to do the work, and that takes 3-6 months of reading/thinking. Otherwise, the odds are if/when it has one of it big dumps, you'll get scared and sell out around the lows. But with the right foundation of what is is, and what it's trying to do...

Yes, it's a good Exchange.