Search results

  1. M

    Bitcoin Investment Trust (GBTC)

    Well, if you want to trade...thats a completely different story. But he said he wants to HODL. And guess what? Even if you want to trade, it's better to use leverage and keep a minimum margin on the OTC - exchange than to use the "official" products. GBTC is trash, the CME - future will be...
  2. M

    Bitcoin Investment Trust (GBTC)

    John, if after all of those posts you still don't understand that you neither keep your fiat nor your krypto money on the exchange, I just give up. Why would you buy BTC when you don't understand it? I mean, how are you still writing that you don't like to have your money on an exchange (which...
  3. M

    Bitcoin Investment Trust (GBTC)

    John, I dont get it. Why dont you just do your homework, buy BTC, store it on an airgap hardwallet and forget it. You just dont know how this stuff works, man. You trust IB more than yourself?? WTF?! IB can blow up. Government can seize your account. Hell, who would have thought REFCO would...
  4. M

    Bitcoin Investment Trust (GBTC)

    He said short GBTC? Lol, did he also say who has borrows???? What a dork XD
  5. M

    Bitcoin Investment Trust (GBTC)

    No, you can't. GBTC is NOT an ETF, it's an unregulated trust. Thus it doesn't have a creation/redemption process with an approved counterparty->nobody to keep prices in line with the cash price. GBTC is probably the most stupid trade out there. You cannot short it and if you buy it, you pay...
  6. M

    CBOE Bitcoin USD Futures

    That's what I was refering to. I'm not vouching for OTC trading, but I see a lot of issues with the exchange traded futures, circuit breakers for the most part. So if you just want to hedge, the regulated futures are better, since no counterparty risk. If you trade with leverage intraday...
  7. M

    CBOE Bitcoin USD Futures

    I'm pretty sure, you don't quite understand how this market works. There is no "Broker" in Krypto's an you don't need to hold everything on the exchange. Please educate yourself before you do something stupid.
  8. M

    CBOE Bitcoin USD Futures

    Dude, if you can't figure this out for yourself, don't trade BTC Futures. This thing is like a future on a pennystock. Contract size is huge and implied volatility is around 100% p.a. I tell you, this is not the ES. Most likely they will have mutliple intraday halts cause BTC hits the circuit...
  9. M

    how to get by in a dirt-poor country with hyperinflation and prices like new york city

    Read the article. People moved most of their "wealth" from government backed fiat to decentralised currency. Let's see what happens in Venezuela. Govt. could not repay debt and is rumored to sell it's gold. People also heavily rely on BTC there...just food for thought.
  10. M

    how to get by in a dirt-poor country with hyperinflation and prices like new york city

    https://www.bloomberg.com/news/articles/2017-11-15/bitcoin-surges-in-zimbabwe-after-military-moves-to-seize-power Here's the answer to the question ;)
  11. M

    Not a crypto post

    @all: watch market, use brain and some math, read reddit...that's it. If you can't make money with that info...well, you're probably lightyears away from being a profitable trader
  12. M

    Not a crypto post

    Read again...he's not an individual...and dude 2012...did we even have reg NMS back then? GE alone trades around 2m contracts PER DAY.
  13. M

    Not a crypto post

    Oh god you muppet. RSJ is trading more than that in a single month. Their yearly notional volume is more than GDP of Italy... 100m contracts per year is nothing to sneeze at but it's also not breaking records. Trade 100k contracts in the Eurodollars per day, thats 25m per year...a lot for a...
  14. M

    SNAP is a straight-up Ponzi scheme

    As I said, it's worth something...Look at Fitbit: IPO at 50$ now it's trading at 5$ Probably closer to it's fair valuation than at the IPO. For SNAP it's the same. IPO at 27, now trading at 10. Fair price probably around 2-3 bucks?
  15. M

    SNAP is a straight-up Ponzi scheme

    The issue is not monetisation, the issue is valuation. SNAP is just not worth the billions of dollars people paid for it during the IPO. That's why it's going down....happens with other stocks, too. But SNAP wasn't overpriced, SNAP was so ridiculously overpriced that the IPO was a daylight robbery
  16. M

    SNAP is a straight-up Ponzi scheme

    In fact it did. But was it worth 29 billion back then?
  17. M

    Not a crypto post

    There are no historical datasets in message by message resolution, that's correct. In addition the infrastructure is so crappy that potential HFT players are angrily flipping tables. So at the moment, it's pure discretionary trading skill that makes the most money. The fact that you cannot run...
  18. M

    Not a crypto post

    I'm not too happy about the contract...easy money will most probably be gone in a couple of months. However, I hope CME sets the standart for fees On the other hand: CME doesn't trade over the weekends. So it's 5 days for the institutionals and 2 days for the plebs to play :D Won't trade the...
  19. M

    SNAP is a straight-up Ponzi scheme

    SNAP is a good lesson for everybody. I mean, at a certain point of time, there has been an institutional investor thinking "hm, its an app and it has a userbase, let's throw some millions at it" But honestly, how stupid were the people who really thought this has potential? It's an app you can...
  20. M

    What are your thoughts on Jigsaw and Bookmap Xray

    Well...I don't know if you misunderstand me on purpose...my wife sometimes does this. A frontend is a freaking tool. Just like a hammer. There are good hammers and there are bad hammers. You describe a broken hammer. And yes, if you use a normal hammer over a broken hammer, you have an...
Back
Top