Bulls crushed, halving a nothing

[Trader Curt]

The halving referred to your account size , bitsuckers

Still think the bulls are done?

HAHA, WHAT AN IDIOT!

 

[KCalhoun]

The market is going to crash to March lows. I was a bit too early to be bearish a few weeks ago but now looks to be a great time to short the fck outta this market.

I just bought SPXS SOXS TVIX SQQQ UVXY SRTY premkt

 

[jtrader33]

How do I know all this?
I added crypto derivatives to my portfolio early 2018 and I'm making markets at some exchanges. If you do it right, you can create a synthetic dollar that you can arb against a variety of products since it also has a yield and a volatility.

Sounds like fun and exactly the kind of nugget you would expect guys starting out to stay up all night researching. Do you see any opportunity in the space for US citizens?

 

[MrMuppet]

Sounds like fun and exactly the kind of nugget you would expect guys starting out to stay up all night researching. Do you see any opportunity in the space for US citizens?

Yes definitely, especially on the retail level.

Crypto has not (yet) the infrastructure that is required for the big boys to jump aboard, although the derivative space has become competitive.
The issue for US citizens is that no serious exchange would take them as customers, so what's left?

Decentralized Finance (DeFi) is going to be the next big thing. Protocols such as Maker, dYdX, Opyn, or curve.fi are still so small (MKR has 330M $ market cap) that nobody gives a shit but the developers and some freaks...and they don't know markets.

The best thing: Crypto has no banks and no brokers but needs centralized exchanges to facilitate trade, which is a point of KYC/AML.
DeFi doesn't even have centralized exchanges, so you can trade directly from your wallet and it doesn't matter where you're from.

Caveat: You cannot expect to plug in your Ninja Trader and bang away. Everything is pretty technical and difficult to access, but that's why there is tremendous edge to be had.

Start here and add the respective exchanges to your twitter and medium account to get a feeling for what's going on:
https://cryptobriefing.com/dex-top-10-decentralized-exchange-picks/
https://defiprime.com/derivatives

Some really crazy stuff is happening here and even if you make just a couple of bucks, it's fun and you learn a lot about how the big markets work

 

[high-performance]

Where do you get the idea. cryto has no banks?
Get educated on finance before commenting.
The money is deposited into a bank.

Yes definitely, especially on the retail level.

Crypto has not (yet) the infrastructure that is required for the big boys to jump aboard, although the derivative space has become competitive.
The issue for US citizens is that no serious exchange would take them as customers, so what's left?

Decentralized Finance (DeFi) is going to be the next big thing. Protocols such as Maker, dYdX, Opyn, or curve.fi are still so small (MKR has 330M $ market cap) that nobody gives a shit but the developers and some freaks...and they don't know markets.

The best thing: Crypto has no banks and no brokers but needs centralized exchanges to facilitate trade, which is a point of KYC/AML.
DeFi doesn't even have centralized exchanges, so you can trade directly from your wallet and it doesn't matter where you're from.

Caveat: You cannot expect to plug in your Ninja Trader and bang away. Everything is pretty technical and difficult to access, but that's why there is tremendous edge to be had.

 

[MrMuppet]

Where do you get the idea. cryto has no banks?
Get educated on finance before commenting.
The money is deposited into a bank.

Ah, right...I forgot that I had to open an account with a bank to swap my ETH for BTC. My bad


Dude, I haven't used a single cent of fiat money for almost two years now for my crypto trading. WTF are you talking about?


What a dork

 

[jtrader33]

Yes definitely, especially on the retail level.

Crypto has not (yet) the infrastructure that is required for the big boys to jump aboard, although the derivative space has become competitive.
The issue for US citizens is that no serious exchange would take them as customers, so what's left?

Decentralized Finance (DeFi) is going to be the next big thing. Protocols such as Maker, dYdX, Opyn, or curve.fi are still so small (MKR has 330M $ market cap) that nobody gives a shit but the developers and some freaks...and they don't know markets.

The best thing: Crypto has no banks and no brokers but needs centralized exchanges to facilitate trade, which is a point of KYC/AML.
DeFi doesn't even have centralized exchanges, so you can trade directly from your wallet and it doesn't matter where you're from.

Caveat: You cannot expect to plug in your Ninja Trader and bang away. Everything is pretty technical and difficult to access, but that's why there is tremendous edge to be had.

Start here and add the respective exchanges to your twitter and medium account to get a feeling for what's going on:
https://cryptobriefing.com/dex-top-10-decentralized-exchange-picks/
https://defiprime.com/derivatives

Some really crazy stuff is happening here and even if you make just a couple of bucks, it's fun and you learn a lot about how the big markets work

Good stuff, thanks. I'm looking forward to digging into it. At the very least, I won't be so crypto-ignorant anymore.

 

[MrMuppet]

Good stuff, thanks. I'm looking forward to digging into it. At the very least, I won't be so crypto-ignorant anymore.

That's the spirit.
One last note. DeFi is slow, I mean reeeeaaaly slow. When there was an 800ms execution of an option on a DEX that was considered so fast that it was tweeted.

Pricing is absolute key here so make sure you get that down first. If you want to arb a swap vs. a synthetic swap you need to be able to calc the cash flow, price and hedge correctly. You will most likely hold these things until expiration.

No trendlines, no indicators, no systems, no stop losses. Just straight forward trading.

This should point you into the right direction:

 

[jtrader33]

That's the spirit.
One last note. DeFi is slow, I mean reeeeaaaly slow. When there was an 800ms execution of an option on a DEX that was considered so fast that it was tweeted.

Pricing is absolute key here so make sure you get that down first. If you want to arb a swap vs. a synthetic swap you need to be able to calc the cash flow, price and hedge correctly. You will most likely hold these things until expiration.

No trendlines, no indicators, no systems, no stop losses. Just straight forward trading.

This should point you into the right direction:

Appreciate it. A little direction can shave off a lot of aimless googling. I actually worked in equity and credit derivs back in the day, so while there's definitely some rust to knock off, this could be a decent fit.

 

[destriero]

As expected

Fading you is literally printing money. BRRRRrrrrr. Up 15% since your opening post, 3 days, dot shot. You are allergic to money.