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It's odd, in a discussion of the electricity footprint of bitcoin mining, to state "the maximum supply is fixed"! I get it, like the gold bugs you're hoping to strike it rich when you convince the world to switch to bitcoin and the value of your bitcoin investment goes up 50-150x. And it makes...

It was too close not to use it even though the actual number is quite a bit smaller!:D

So first off I don't have any horse in the crypto race directly. I run a company in the electricity generation business, so if anything I benefit if crypto's eat up bigger and bigger chunks of electricity. From that experience I know that the vast majority of people haven't the faintest idea of...

While I agree that consulting a tax professional is very wise, using upwork for tax advise sounds like an especially horrible idea!

Perspective is important. Let's use our old friend here, basic arithmetic. Average cost of electricity in the U.S. is $120/MWH. So let's assume we replace all currency with crypto currency and ignore how much extra electricity that's going to take. And let's assume that allows that $900M budget...

So I'm not getting how bitcoin and banks are inverse/substitutions of one another? If the world switches entirely to bitcoin then no-one will need loans or to earn interest on their money which is primarily what retail banks do? No one will need to do corporate bond offerings or structured...

We'd need to know all your trade dates and losses/gains but very possibly you would have to pay tax on more. The wash sale rule effectively treats wash sales like the sale event didn't happen and you still have the original position for losses but not gains. So if you never had a 30 day break...

Yes, you did miss something, the respective time zones. CBOE is in Chicago.

At least you're honest in letting everyone know you're a rookie. It turns out @FSU is actually one of the few here with professional experience and one of the most knowledgeable folks here on trading mechanics in general and SPX in particular. He's also a nice guy, notice how he didn't rip you a...

Just to reinforce this, if you don't buy or sell ANY TSLA options for the first 30 days of Jan you won't be subject to any wash sale rules. You could also refrain from trading for all of December, but it might already be too late for that. Generally a different option strike is not enough to...

Generally when "The Algorithm" screws something up and you need to find out why and try to get them to unscrew it. But also times like when need to ask your broker to ask the exchange to add an option series if no-one has requested it yet and you want to buy it and similar issues like that. Not...

My broker, Dash, has amazing customer support. I have a personal contact there who always answers the phone or emails immediately, understands what I'm asking, and generally fixes whatever needs to be fixed right away. Although I have to admit, as I was once an IB customer the bar is pretty low...

It's a $22B company because they attempt to minimally man the company with minimally qualified people and outsource most of the thinking to "The Algorithm". It's their business model. Best thing to do is vote with your feet and eventually they'll be forced to change the business model to...

I am currently with Dash clearing with Apex. I know @Robert Morse is a knowledgeable and helpful contributor here to the extent I don't think you could go wrong going with him as an IB. At the end of the day though, even Schwab is better than IB, I have my IRA there and they're not spectacular...

If you ignore the haircut for the treasury piece, it's the same as if you put up $500k in cash and bought $550k in stocks and lost $50K. You've got a margin loan for $50K at that point, same as with the bond. You eventually have to pay it back and will pay interest until you do.

No, it's just like margin. The collateral would need to be topped off if you went below 50% just like if it was cash.

No one is willing to be a MM on the stock. It effectively has no bid or ask, someone just put in a crazy number for both as a GTC with the idea that it's so high/low that it is worth it if they're filled even though the illiquidity means it might take them a long time to exit the position.

I think I might not understand your question. The treasuries are the collateral, you wouldn't have a separate cash balance. The treasuries mark to market is fairly predictable, but yes if their value went down your buying power would go down.

I don't know what to tell you, like I said I just did exactly what you're talking about at BofA last week so maybe go ask them. My PNC experience is a bit older, perhaps they've changed or maybe they're balkanized by all their acquisitions and in your area they used to be United National or MBC...

Get a VAT number and it drops to 25.7%, and it's only on your first 103,000 Euro where as you pay medicare on your entire income no matter how high in the U.S. Obviously the Italian tax relief offer is a moot point for Americans as we pay U.S. tax no matter what, but assuming it wasn't the math...