/biz/ - Business & Finance

>>7520387
Good job OP. I've been a fuck up my whole life. In and out of prison, drugs (real drugs), felonies, no college, you name it. Finished my last bid 3 years ago after doing 26 months in the feds. I finally got fed up with that shit and turned it around. Now I'm banking with affiliate sites and I'm not half bad at this crypto trading thing. There is hope for all of us.

>>7483180

I think that a lot of money is making that switch right now too. They tanked crypto while pumping their stocks to 10-year highs and then sold off their stocks to buy cheap crypto. Those guys will make ridiculous gains (making us rich as a byproduct), but just wait for the bonus round.

We are probably headed towards another global financial crisis.

>>6944047

It's unproven that there is anything backing tether, but that is something for another time.

>>6944141
>>6944185

You guys have all seen the typical asset deflation graph, you are currently about to start the "return to normal."

$900USD/BTC is below the mean.

>>6942970
>>6943076

Why don't we discuss why the Dip is happening at this point in the first place and why tether was created? I'm not sure exactly, but I've started a hypothesis.

Think of Satoshi, he's anonymous with at it's peak around 17 billion worth in Bitcoin. He was almost the richest man in the world, but he didn't sell. Bitcoin is having genuine issues with block size and competition from other cryptos, Bcash etc. There are improvements coming for Bitcoin, but it takes time > 1 year. One of the major issues with Bitcoin is that it really has to be kept inefficient.

https://tim.blog/2017/06/04/nick-szabo/

>Listen to this podcast with some of the creators of Cypto, it will give you an idea. They don't even believe Satoshi is a single person, but a group because of how advanced blockchain coding was to create-- of course they do since they didn't figure it out.

They argue that Bitcoin needs another layer of coding on top of it to handle small transactions (Starbucks) but it doesn't have that. So now bitcoin is being threatened at a relatively vulnerable time in it's existence.

So now back to Satoshi. First, I don't think he will sell until he is the richest man in the world because I have never heard of anybody deciding that it is "good enough" at 17 billion. Secondly, as we have seen from tether, two billion in buys can do quite a lot to prop up a market, let alone 17 billion in sells. The market liquidity needs to be exponentially higher than it is today for him to get out- he is trapped.

This person can't really sell, however, he is under threat. I haven't connected this dot yet, but it's convenient that there would be a crypto depression because it would thin the herd.

>>5240131

Depends. One lot in oil is 1k barrels and if you assume 1 tick is the smallest movement possible then that's $10.00 per penny change per contract.

You asked about NADEX and Etrade, I don't know about them, it sounds like these brokers run their own side exchanges, which can be fine for most people. People generally open new exchanges to get fees from high frequency guys who pay them fees to let them front run customers.

My day starts pretty early, get to work check charts, half an hour later meet boss/commodities team, sometimes different divisions all meet to get told something. Consider US "Pit" open to be 9:00 AM not 9:30. Day generally ends by "pit" close at 2:30 (these are eastern times).

Do research on pipeline outages, etc when things in the afternoon.

vtc

Launched a new vpn service with brand new encryption methods. 15 server instances up and running. Wrote an opensource crossplatform client. About to launch a crypto coin with the same crypto algos. Fail at marketing and nobody visits my website.

Hold me tight /biz/