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certainly not this one https://www.smh.com.au/business/banking-and-finance/nearly-60-million-in-customer-money-mixed-up-at-collapsed-broker-20190212-p50x9a.html

Holy Grail I agree as a speculator this volatile product might be good ( and If I have to trade it I will rather trade the Exchange Traded futures on Bitcoin instead of risking money with unregulated exchanges ) but it seems you are confusing the needs of a trader / speculator and an average...

Why would I take currency risk for daily expenses? you think there is only upside? there could be downside also! As speculator it might be worth considering but for daily needs why bother? that is what "I dont understand" Also dont confuse technology with hype.

Here we go again...one more example of OTC products risk even in a supposed to be tough regulator's domain! ASIC toothless watchdog IB is no longer safe for Australian clients either as IB AUS is not covered by SIPC since they forced to convert accounts from US to AUS

Man ...try and answer the specific questions ! with some logic not this "The swings are more likely to go UPWARDS" gobbledygook

Qlai, I was simplifying it and being sarcastic to show the underlying maths.. sure there are marketing expenses etc Yes no body is stopping people from paper trading for free.. but many people are are not that aware about this industry.. all they see is the carrot "anybody can get funded" Your...

practically why on this earth for may daily life expenses I take currency risk? when you say "There is some risk now." LOL man look at the swing! even if I am an international traveler spending diff currency each week why would I go to this "unregulated" currency with such a wide volatility...

.....m merky waters...IMHO Firms like Bright and others are regulated but these "Pay for test and we may fund you" models are not! LOL:rolleyes: charging many for a "test" and then to pretend that some of that money does not go towards actual funding .. ! Hell... it is easy I am going to start...

REPETING THE QUESTION OK so can you show me the logic in using Bitcoin to by my coffee? - First I have to convert my $/ pounds etc to Bitcoin.. as soon as I do that the price can fluctuate so I take currency risk! - In case I am earning and spending in same currency why would i take the above risk?

yes true mostly.. hence the term toothless wathdog

Not as an issuer, I was referring to as a investor, what is the diff between this and a CC? with both there is limited upside participation and limited downside protection! with own CC there is little counter party risk where as with these structured products the issuer is your counter party is...

OK so can you show me the logic in using Bitcoin to by my coffee? - First I have to convert my $/ pounds etc to Bitcoin.. as soon as I do that the price can fluctuate so I take currency risk! - In case I am earning and spending in same currency why would i take the above risk? - If you are...

Could not agree more with your observation Pekelo , specially "The number of poops I am going to produce" LOL , but people wont see the very valid points you have raised .

REVOLUTION OF e books cant be compared to crypto! as per your own observation gambling nature + ponzi ! what I dont get is one still needs real currency to first purchase these "Assets" and at the end to exit! technology might be great but what is happening around the world is just opening of...

https://7plus.com.au/sunday-night?episode-id=SNIT19-007 1% return for a day! people are just stupid or what? sad that people got scammed but they have themselves to blame.. and the regulator too , a toothless watchdog why on earth ICO are not as regulated as an IPOs! IMO stupid, smitten by...

Sorry, I was just trying to understand the structured product, .. to my limited knowledge it looked like as a buyer of a note all I was doing was doing Covered Call writing !

just a side note about AutoCallable Notes! Are they just a covered call? what sort of upside participation/ yield and downside trigger?

Although I take your point TAILORED OTC situation , I was referring more to retail level highly liquid products such as EUR/USD, Futures exists on regulated exchanges and there is SPOT in a non unregulated manner , where the Broker might be acting as MM or a true exchange type of function, you...

Sig I DO know what OTC means , I was trying to put 2 things addressing the issue of A) Counter party risk and B) Client money safety ...what I meant was 1) INSTEAD of an OTC why does not major exchanges bring products which can replace OTC and 2) and in doing so (and for existing Futures...

CRAZY THOUGHT PERHAPS...:sneaky: but for Futures and OTC products why not the exchange or some other govt body hold the funds? instead of brokers/ FCMs? specially in case of murky OTC fx . Too left wing perhaps! Broker's business is to get more and more people to trade on the exchange that...