Search results

I don't want to downplay importance of good trading network. But if you want to live in CA doing automated trading, its definitely possible to find like minded people/firms there.

Algo/automated trading requires intense careful research. It is not based on trading on grapewines. Its not that you are going to trade OTC products. So, the importance of having a strong trading network is much less in algo/auto/syst. trading space. People do successful auto trading...

Beauty

Simple. Govt says its illegal to transact in any crccy. They define crccy in some way. So, any business or any bank or any website who does exchange bitcoins with you can be prosecuted and sent to jail for say 5 years. In this situation, yes you will be able to send me your bitcoins over the...

As discussed, because of its decentralized nature, it is difficult to prosecute people and completely stop its use. However, if US govt outlaws bitcoins, no online website will accept it. The point where bitcoins differ from P2P sharing like bittorrent is that using bittorrent people...

Thanks for a well thought out post! This decentralized aspect is a very strong point of bitcoin or any crccy like that. Pekelo and others - To what extent do you think this decentralized nature of bitcoin/crccys will make it more/exponentially difficult for government to control bitcoins...

Ol'Yella, can you please answer above. thanks.

See, I like the concept as such. My only worry is and it is a very big worry - what if washington passes a legislation outlawing it. Then as has been said - true use of bitcoin would be left only in illegal activities. Mainstream (Talking about milllions of people) will not accept it for...

good trade. I sometimes visualize you as a builder, putting bricks over layers of bricks underneath and slowing constructing a building, analogy being you building your trading account slowly, methodically, in a seismic proof way. LOL.

It is becoming an academic question with this qualifier of ZERO other income. Lets make it real here. If we remove this qualifier, then a better question to ask would be - do at home FX traders exist and in what kind of numbers who make at least 70% of their income from FX trading. Or maybe...

Good points. I would venture to "guess" that only 15% of at home traders are sufficiently profitable - in the sense that it allows them to pay their bills etc. And most of the unprofitable ones sooner or later are forced to go get a job. There are a handful who are consistent - and here I...

so how is the market looking now. long or short ?

Useful information. On your machine, how much can you mine BitCoin in a month? I wonder if with Bitcoin, if you can mine it enough in dollar terms to even pay the electricity cost of running your machine?

Thanks. Wiki link didn't make sense to me. There is a link in the wiki link. Clicking on it took me here that shows some graphs. Again didn't make sense to me what those different lines on the graph represent. http://eligius.st/~luke-jr/samples/800MH-3/ I wanted to know a simple number...

So, some stats for the new guys: BTC current value = USD 120-140 per BTC Total number of BTC in circulation today = 11 million. So, total notional of BTC in circulation today = 1.2-1.5 billion BTC can be mined using idle computing power. So, if I understand correctly, it is possible...

Exactly. This guy hid his position and lied about his true risk. Not much to think for the management - straight firing offence.

This is not taking huge risk - this is lying. GS should have prosecuted this guy and this guy should have been in jail just like Nick Leeson and company. How much meriwether raised the second time post LTCM? How did the Matador size compared with the AUM under Vic's management before his...

great trade.

Covered at 55, think it is going higher, but made some coin. Time to get flat, take rest and wait for another opportunity. Btw, 4 FOMC members speaking today including Bernanke at different times of the day. Not sure it will have much impact unless they speak something big.

Lets keep the discussion respectful here. Pekelo - what was the Pokemon hype? Can you describe it a bit like you described the doll thing. thanks.