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Lmao Etherium
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Dec 12, 2017 20:49
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vaginal facsimile posted:Lmao Etherium My buddy and I at work had a couple beers at lunch and decided to split one Ethererum. Up 35% since then so fun times had by all.
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Dec 12, 2017 21:39
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vaginal facsimile posted:Lmao Etherium Let me know when the Etherium ICO is so I can make bank on people looking for Ethereum
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Dec 12, 2017 21:43
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Government intervention in crypto-markets coming in 3... 2...
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Dec 12, 2017 21:53
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Sock The Great posted:My buddy and I at work had a couple beers at lunch and decided to split one Ethererum. Up 35% since then so fun times had by all.
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Dec 12, 2017 22:28
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cowofwar posted:That’s not how you transact bitcoin, you’re supposed to do it in a parking lot with a 50% chance of complete loss, like any real financial instrument. Is that a 50% chance of losing your bitcoins, or your life?
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Dec 12, 2017 22:34
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The Butcher posted:Is that a 50% chance of losing your bitcoins, or your life?
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Dec 12, 2017 23:21
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Josh Lyman posted:Lunch yesterday right? Yeah yesterday. Been quite a ride lol
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Dec 13, 2017 00:54
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Dr. Eldarion posted:Nah, totally not a bubble waiting to burst disastrously... Safe as houses
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Dec 13, 2017 01:15
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flowinprose posted:Safe as houses Use Bitcoin to buy house, also to buy Lamborghini
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Dec 13, 2017 05:13
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It's funny how Coinbase has manipulated the market by presenting altBitCoins, Etherium and LiteCoin, next to BitCoin thus driving up their values as speculators look at the $17k pricetag of BitCoin next to the (relatively) cheaper LiteCoin/Ethirium
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Dec 13, 2017 15:34
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nice new forum name 
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Dec 13, 2017 15:41
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HMNY lmfao these guys. love the gap up to 12.00 on good news or w/e and then oooooh yeha sorry epic offering After Hours open at 6.50  brutalhttp://stockcharts.com/h-sc/ui?s=HMNY&p=D&b=5&g=0&id=p41612018832
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Dec 13, 2017 15:44
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Yeah and to trade between ETH/LTC then you either need to move it through cash or through BTC which I'm almost certain ends up propping up BTC by 1% or so. There was clearly a point yesterday where people wanted to move LTC to ETH and ended up knocking BTC against $18k until LTC,ETH/BTC started swapping directions and BTC tanked. I wonder how much ConAgra made off of their slim-jim debacle. Either way weed, transport and indicies are all going up up up. Gallup has a fun chart about it here: http://news.gallup.com/poll/223508/investor-optimism-riding-high.aspx Wrote this too soon weeds are not up 
dougdrums fucked around with this message at 15:52 on Dec 13, 2017 |
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Dec 13, 2017 15:48
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I like all the cool Japanese names for Candle formations
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Dec 13, 2017 15:51
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Jack Daniels posted:HMNY lmfao these guys. love the gap up to 12.00 on good news or w/e and then oooooh yeha sorry epic offering After Hours open at 6.50 As it stands now, my position is basically a write-down so I guess I'll wait and sell on the next pop. Josh Lyman fucked around with this message at 15:59 on Dec 13, 2017 |
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Dec 13, 2017 15:56
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I suppose now is the time to buy HMNY  e: I think we could make money by inversing Josh
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Dec 13, 2017 15:57
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Risky Bisquick posted:I suppose now is the time to buy HMNY Those did not go well. Guess I should stick to investing. ...he said as he attempted to trade LTC and ETH
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Dec 13, 2017 16:01
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Don't feel bad, my ACB on AMD is 12.85, and my position is quite large 
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Dec 13, 2017 16:02
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acutally you shoulda jujst held your GBTC position holy poo poo haha  
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Dec 13, 2017 16:03
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Followed by ... https://twitter.com/CitronResearch/status/940960541417259009
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Dec 13, 2017 16:06
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Like clockwork. edit: Doesn't look like it worked this time though.
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Dec 13, 2017 16:12
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Shorting GBTC is basically impossible so if you wanted to own Bitcoin, I guess you could sell your GBTC and buy the underlying to scalp the premium but you can't arbitrage it.
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Dec 13, 2017 16:16
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NTDOY was my best pick of 2017. Normally, I would feel a bit uneasy about an OTC video game stock being my winner, but next to this hyper speculative crypto stuff I feel positively conservative. I made a quick buck on JD.com before chickening out. Now I see it's having a strong day. I am tempted to take a position in it again, for the long term.
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Dec 13, 2017 16:39
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Any ideas on how to short the California real estate market? I think the changes to the tax code combined with rising interest rates has the potential to cause a downturn in real estate prices in California.
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Dec 13, 2017 17:31
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dougdrums posted:I wonder how much ConAgra made off of their slim-jim debacle. What was this about?
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Dec 13, 2017 17:41
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Arkane posted:Any ideas on how to short the California real estate market? Invest in soup kitchens.
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Dec 13, 2017 17:42
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Jack Daniels posted:HMNY lmfao these guys. love the gap up to 12.00 on good news or w/e and then oooooh yeha sorry epic offering After Hours open at 6.50 HMNY is that startup whose business model consists of buying movie tickets at cost and selling them to people as discount subscriptions, right? Not the kind of poop I'd touch, personally.
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Dec 13, 2017 17:55
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GBTC has few shares available for borrow and an absurdly high lending rate. Even if the trade works, you'll lose a shitload of money to borrowing fees, potentially making the trade a net loser. Arkane posted:Any ideas on how to short the California real estate market? There are Case-Schiller housing index futures and futures options on CME for San Diego, San Francisco, and Los Angeles, but they're not very liquid. You could easily short REITs with a lot of local exposure if you find a few you like, but if you shorted them outright you'd be on the hook for paying out dividends while you hold the position. http://www.cmegroup.com/trading/real-estate.html http://www.homepricefutures.com/
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Dec 13, 2017 18:01
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crazypeltast52 posted:What was this about? I remember sometime back in 2011 or so they (or maybe someone else) were selling beef jerky for bitcoins. Looking for it now, I just find a bunch of small jerkers that no longer accept bitcoin. Even bitcoinjerky.com only takes cash. GBTC seems to act like a future with a perpetual date, so if you wanted to speculate on bitcoin/USD dropping I think maybe selling GBTC and buying the fancy new XBT/H8 and waiting for it to meet the mark to sell back would be the smartest way to hedge it, if not still stupid. dougdrums fucked around with this message at 18:14 on Dec 13, 2017 |
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Dec 13, 2017 18:09
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That wouldn't work. GBTC trades at a premium because it is easier and safer to trade than bitcoin itself, and the futures trade bitcoin spot. The futures are also elevated due to that ease and safety premium (and because one of the only brokerages/FCMs that offers it won't allow shorting until next week), but the futures expiration price may or may not be fixed by the OCC to the underlying spot at expiration, making them a genuine arbitrage opportunity despite being cash settled. quote:OCC may fix the final settlement price using: (i) the reported price or value for the relevant underlying interest at the close of regular trading hours on the last preceding trading day for which such a price or value was reported; (ii) the reported price or value for the relevant underlying interest at the opening of regular trading hours on the next trading day for which such an opening price or value is reported; or (iii) a price or value for the relevant underlying interest at such other time, or representing a combination of average prices or values at such time or times, as OCC deems appropriate.
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Dec 13, 2017 18:27
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Robinhood has options trading now. Also dear lord can we just stop talking about bitcoin yet
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Dec 13, 2017 18:47
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Robinhood should create a subsidiary that writes those options, if it's not already receiving payment for order flow from someone else.
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Dec 13, 2017 18:50
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Syrinxx posted:Robinhood has options trading now. I was naively thinking that after Trumps election last year the Trump news cycle would end, but here we are
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Dec 13, 2017 18:50
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Syrinxx posted:Robinhood has options trading now.
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Dec 13, 2017 18:58
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Triglav posted:Robinhood should create a subsidiary that writes those options, if it's not already receiving payment for order flow from someone else. Looks like they already got agreements in place.  https://d2ue93q3u507c2.cloudfront.net/assets/robinhood/legal/RHF%20PFO%20Disclosure.pdf
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Dec 13, 2017 19:01
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Ok that makes sense. So if bitcoin exchanges tank, GBTC would still hold a premium on it. I was thinking GBTC's premium came from the ability to speculate further out, but the value would never come over the top of the price, I guess, which would be a possibility if such was the case. I got approved for futures by my broker but I have no idea how to use them other than to guarantee some returns or for taxes. I'm never gonna throw that much down in the crypto market anyways.
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Dec 13, 2017 19:01
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dougdrums posted:Ok that makes sense. So if bitcoin exchanges tank, GBTC would still hold a premium on it. I was thinking GBTC's premium came from the ability to speculate further out, but the value would never come over the top of the price, I guess, which would be a possibility if such was the case. Flush, you flush your money down into bitcoins
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Dec 13, 2017 19:04
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dougdrums posted:Ok that makes sense. So if bitcoin exchanges tank, GBTC would still hold a premium on it. I was thinking GBTC's premium came from the ability to speculate further out, but the value would never come over the top of the price, I guess, which would be a possibility if such was the case. Futures are great for tax efficiency and low commissions, just don't let the potential leverage get to your head. Just because you can buy $100,000 of the S&P 500 for $3,000 doesn't mean you should. But that said, leverage alone isn't the whole calculation. $200,000 of 2y treasuries for $500 isn't too crazy since the volatility of the product is negligible, while $100,000 of 30y treasuries for $3,000 is reckless.
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Dec 13, 2017 19:14
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Risky Bisquick posted:Most of my recent investments are up, however AMD is down so my portfolio is VERY RED. I forgot I was going to post this earlier in lieu of wooden nickel chat ... whoops
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Dec 13, 2017 19:18
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