Hello IronFist,
Different brokers will have different prices. They are different prices and spreads.
Not a crypto post
- Thread starter garachen
- Start date
Hello IronFist,
Different brokers will have different prices. They are different prices and spreads.
Just a heads up.
So i have a portfolio of 14 major name alt coins. Bitcoin goes up 10%, and the portfolio goes down 12% for a total USD difference of -2%. This is what we have been dealing with since mid August.
The only time alts seem to outperform BTC is when BTC emerges out of a major sell off. While alts will also sell off with BTC, they will bounce back with much more volatility for the first day or two. Then, as BTC finds its footing again, alts will lose ground against BTC.
Of course, specific alts continue to perform, and or outperform, regardless.
The common denominator seems to be those alts that have come out in ICO's in the past year or less, that have teams behind them, road maps ahead of them, and have not yet reached to top 10 market cap.
While i can't be entirely sure about the common denominator of the outperformers, i will probably up my allocation, over the next quarter, into a diversity of straight up ICO's (as early as possible), and BTC trading with a bot...or straight up holding.
One explanation could be that last spring, BTC was having serious trouble with it's speed and fees...and a looming fork(s). This caused it's domination to drop from like 85% down to 39%, and for alts, generally, to outperform by 2x on average. As recently as Nov 12, when it fought with BCash, BTC domination dropped as low as 47%, down from 62% on Nov 5. It has yet to reach it's Nov. 5 level of domination.
This is all to say that if the most important metric is market domination, and if BTC has a normal plateau of 85%, then there could be a lot more grief ahead for mainstream alt portfolios, as BTC dominance is currently at 57%.
Probably not till BTC get's back to it's new normal domination % will all boats start to rise more equally.
We may never see again as big a challenge to BTC as we saw last spring, and so, we may not assume alts have higher multiples because of lower caps.
While there are many "different" alts, it's surprising to see just how closely they are correlated, and move in unison to whatever BTC is doing, even the major name brands. Few break the mold, or for very long.
So i have a portfolio of 14 major name alt coins. Bitcoin goes up 10%, and the portfolio goes down 12% for a total USD difference of -2%. This is what we have been dealing with since mid August.
The only time alts seem to outperform BTC is when BTC emerges out of a major sell off. While alts will also sell off with BTC, they will bounce back with much more volatility for the first day or two. Then, as BTC finds its footing again, alts will lose ground against BTC.
Of course, specific alts continue to perform, and or outperform, regardless.
The common denominator seems to be those alts that have come out in ICO's in the past year or less, that have teams behind them, road maps ahead of them, and have not yet reached to top 10 market cap.
While i can't be entirely sure about the common denominator of the outperformers, i will probably up my allocation, over the next quarter, into a diversity of straight up ICO's (as early as possible), and BTC trading with a bot...or straight up holding.
One explanation could be that last spring, BTC was having serious trouble with it's speed and fees...and a looming fork(s). This caused it's domination to drop from like 85% down to 39%, and for alts, generally, to outperform by 2x on average. As recently as Nov 12, when it fought with BCash, BTC domination dropped as low as 47%, down from 62% on Nov 5. It has yet to reach it's Nov. 5 level of domination.
This is all to say that if the most important metric is market domination, and if BTC has a normal plateau of 85%, then there could be a lot more grief ahead for mainstream alt portfolios, as BTC dominance is currently at 57%.
Probably not till BTC get's back to it's new normal domination % will all boats start to rise more equally.
We may never see again as big a challenge to BTC as we saw last spring, and so, we may not assume alts have higher multiples because of lower caps.
While there are many "different" alts, it's surprising to see just how closely they are correlated, and move in unison to whatever BTC is doing, even the major name brands. Few break the mold, or for very long.
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I'm attempting to share what I saw, for a single broker their last prices did not match depth of market.
Looking for remote traders?
rallymode
Can you please send me a PM, at your convenience? I'd like your opinion regarding some asset allocation toward derivative models. Thanks
Price can move without trading. Especially when there are maker/taker fee imbalances like GDAX.
This can happen in regular futures too - maybe look at PA.
Looking for remote traders?
I'm not set up to have people trade away from my infrastructure and setting it up is pretty costly.
I know you do pretty well on your own but I met some guys recently who seem to have a pretty good setup for collecting traders and passing on pretty low fees (at least I know they get charged low fees). They have an office in Chicago.
Thanks for looking out but i am pretty low freq and don't churn a lot of volume these days. Around 10-20k/month.
Going back to the time when vix ops first got listed, do you expect any similarities between BTC futures and VIX futures?
Yes. Like the original vix options, the futures have subtleties that aren't obvious at first glance but greatly impact the pricing.
I've spoken to 3 exchanges listing BTC futures. CME has by far the best plan to mitigate this problem. CFE is so arrogant they don't even want to understand that a problem exists. The other exchange (can't say) might not have this problem but they have others.
I've spoken to 3 exchanges listing BTC futures. CME has by far the best plan to mitigate this problem. CFE is so arrogant they don't even want to understand that a problem exists. The other exchange (can't say) might not have this problem but they have others.
