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Ok PayPal is such an inferior product that it just shows you don't know what youre talking about. PayPal is controlled by 1 company, funds are reversible (chargebacks), there's probably all sorts of limits and restrictions, and it's not as cheap some transactions cost like 2% for recieving money...

Actually theyre not... try initiating a wire at midnight. Also the recieving bank could take their sweet ass time processing it which is out of your bank's control. I pay 20 bucks a wire transfer which is cheap compared to other banks. Not to mention their bank charges probably another 10...

I'm sorry at what point did I mention credit card transactions I said wire transfers. Wire transfers = 1-3+ day turnaround time. Bitcoin = 1 hour and cheaper fees, no banks needed. Bitcoin might be a waste of electricity but other cryptos aren't and can handle more transactions a second.

Well banks are terrified of the extreme efficiency of Bitcoin transfers how how insanely superior they are to wire transfers. Buffets owns bank stocks so he's just protecting his investments.

Which means it doesn't account for rebalancing costs and fees... He probably just doubled whatever the SPX did which is not how it works in real life.

Sigh another bullshit system. Here's why it won't work: 1.Decay... there is no free lunch here it costs money to lever 2X and you pay for it in rebalancing costs, fees etc. All those costs will eat into your returns substantially. In fact you're not meant to buy and hold levered ETFs. 2. That...

So the only exchange it trades on is GDAX? I can't hook it up to other exchanges?

Ignore face value and ignore portfolio margin. Each contract has a margin requirement of like 5 to 10k usd in cash. If you are long 1 contract you will need say 10k in your account in cash if you also want to get short 1 contract you will need another 10k in cash in your account. That's how it...

Funny how oil (luck) is responsible for half of those. I hope this century we wise up and stop burning fossil fuels.

Depends how repetitive it is and whether it's a real job for you. If you do a lot of trading constantly you might get challenged on the capital gains where they might see it as income. If you have a real job with a salary in possibly an unrelated field and you do a few trades a month I think you...

I do agree with a lot of what was said in the article, esp the electricity waste. But is it not theoretically possible to make Bitcoin evolve? Couldn't the miners and programmers agree to change it's blockchain system and the other scalability issues via constant forking of Bitcoin in much the...

If I were to guess no trades have occurred in the other months making it look like dec19 is lower by that's because only dec19 is trading the other aren't really.

Yea I'm fully aware of that but that only hit new cash coming in. There's not much being done to the people that got in prior to 2016. Those people have made a bundle and our property taxes are super low. Taxes need to be raised to get them to divest so the local population can actually afford...

I agree with a lot of what was said above. Betting on crypto as a whole has a lot more upside than downside and the last 5 years or so has proven that the probability is just as high on the upside as the downwside, and the upside could be far far greater than the downside. Someone like PTJ who...

If Canada wanted to hurt the Chinese they should tax the shit out of foreign owners of their real estate if which 80% belongs to Chinese nationals. Pretty sure china has half their networth invested in Toronto and Vancouver alone.

In all fairness china does siphon hundreds of billions a year through trade. I'd be willing to bet a good chunk of the stuff that USA imports from China is pure junk that does nothing to better the lives of Americans. This is one experiment I would like to see happen. Even if Trump is wrong...

Its not always about profitability, if sales keep going up it's worth more because of the potential to turn those sales into profits down the road. If you look at the price to sale ratio of Tesla it's no worse than Amazons. Amazon was said to be overvalued for years before it became the monster...

Thanks for your analysis. What about that article that came out that reported a ton of hits to a Washington dc related article within an internal amazon IP. Is that just coincidence. I read the article on business Insider.

Fear of loss is a more powerful, action inducing emotion than the fear of missing out. Also most market participants are positioned long therefore stop losses which are essentially market orders are scattered below the bid and there's just not nearly as many buy stops scattered above the offers.

Its not "a whole new asset class" trust me futures are easy to understand and you get good built in leverage. Study it for a few days you'll see it's a good tool to speculate on currency movements.