Printable View
Big volume, how big? What hedge funds? Most legit HFs are outlawed via their LP investor agreements to invest in such instruments, not these fly by night HFs that raise 10MM from rich uncles and call themselves wall street.Quote:
Originally Posted by snake_in_the_ass
Hedge funds are buying crypto through OTC firms. And you can buy in big volume too without much price disruption.Quote:
Originally Posted by monsterj
weird another thread where snake_in_the_ass makes something up to look relevant.
Agree to disagree? I was asking what risk I have on $100 in SPY. I am curious on your rationale. I don't have that much money, but I am curious what my exposure is to cryptos have zero direct exposure.Quote:
Originally Posted by anonamooseI'll agree to disagree. Don't compare this to traditional stocks. It's Forex 2.0 essentially and I know from the HK and Asia stand point there are a lot of companies with a lot of exposure to this.Quote:
Originally Posted by monsterj
Just Google blockchain jobs and you'll be very surprised by the companies hiring.
Bitcoin Investment Trust, a public traded stock, (GBTC) closed at 690 today, 9/11/17...down from a high on 1,054 on 8/31/17
down 30% in 11 days, fairly good crash
Still waiting on World War 3 that you promised.Quote:
Originally Posted by sonatine
Are you the guy that gets coffee for the head trader?Quote:
Originally Posted by monsterjBig volume, how big? What hedge funds? Most legit HFs are outlawed via their LP investor agreements to invest in such instruments, not these fly by night HFs that raise 10MM from rich uncles and call themselves wall street.Quote:
Originally Posted by snake_in_the_ass
ethereum price has been in convulsions, this is not looking good.
Quote:
Originally Posted by sonatine
BUY DOGECOINS DON'T GET SHUT OUT
I see you get my point. Carry on.Quote:
Originally Posted by snake_in_the_assAre you the guy that gets coffee for the head trader?Quote:
Originally Posted by monsterj
Jamie Diamond shitting all over bitcoin is flashing across every Bloomberg terminal on the street was amaziing. Well that and Ted Cruz...
"Would fire any trader trading bitcoin for being stupid"
"Worse than tulip bulbs"
"It's a fraud"
He is an idiot. He missed the biggest bull market in history and is now calling it a scam. Who cares if it is a scam if you can profit off of trading it? Fire people for trading it? How is that any different than people trading dot com stocks in late 1999 knowing many of them were going to $0?Quote:
Originally Posted by handicapme
:doublefacepalm:lol2:wrongQuote:
Originally Posted by snake_in_the_assHe is an idiot. He missed the biggest bull market in history and is now calling it a scam. Who cares if it is a scam if you can profit off of trading it? Fire people for trading it? How is that any different than people trading dot com stocks in late 1999 knowing many of them were going to $0?Quote:
Originally Posted by handicapme
Dangerous words my good man. I trust you don't mean that exactly--scams by definition are fraudulent...I can't believe you or most anyone would condone scammingQuote:
Originally Posted by snake_in_the_assHe is an idiot. He missed the biggest bull market in history and is now calling it a scam. Who cares if it is a scam if you can profit off of trading it? Fire people for trading it? How is that any different than people trading dot com stocks in late 1999 knowing many of them were going to $0?Quote:
Originally Posted by handicapme
imho what is happening with bit coin is a speculative bubble, as was the tulip bulb craze...
but not a scam because bit coin was from its outset a highly speculative and risky investment with no guarantee that the buyer will not lose money
okay, I've done my thought police bit, sermon is at an end, go in peace
I don't condone scamming. What I meant to say is that if Bitcoin is a speculative bubble and ends up at $0, there is no harm in trading the swings if you can profit off of it.Quote:
Originally Posted by GrenadaRogerDangerous words my good man. I trust you don't mean that exactly--scams by definition are fraudulent...I can't believe you or most anyone would condone scammingQuote:
Originally Posted by snake_in_the_ass
imho what is happening with bit coin is a speculative bubble, as was the tulip bulb craze...
but not a scam because bit coin was from its outset a highly speculative and risky investment with no guarantee that the buyer will not lose money
okay, I've done my thought police bit, sermon is at an end, go in peace
This can't be true?, I can't see how they have anything better than an asus laptop, that's just my guess...
they didnt need more than an asus laptop to break into sony.
Lol, i didn't know you could hack a multi billion dollar company via dial up modem these days, but you're the nerd wtf do i know...........
they work primarily out of bangkok. more so now that thailand is courting the yuan. they have their own operating system, its based on redhat. and they get extensive material support/training from the chinese APTs.
I remember when Red Hat was going to save the world from Microsoft. We were young and idealistic then.Quote:
Originally Posted by sonatine
The stock is at an ATH but thats no saying too much these days. It's not about the profit. It's about the right thing to do.
linux is holding its own just fine on the enterprise server market and a lot of those servers do run redhat because out of band security patches and general support = a ton of equity.
but the achilles heel for rhel is just that once you get into the real talented sysads / devops, they generally prefer debian/ubuntu and its basically a culture/politics thing.
also fun fact speaking of red hat vs microsoft, windows 10 has a full fledged native linux layer available as an elective install. i find that fascinating and wonderful.
The classic sandal's versus neckbeard battle. In before Druff talks about that time he installed apache on a win95 machine.
Quote:
Originally Posted by GrenadaRoger
This is a closed-end fund, which unlike an ETF, does not purchase or sell underlying assets as investor buy or sell shares in the fund. As such, GBTC can trade at a premium to the market value of the underlying bitcoin holdings, with the premium depending upon investor sentiment. The news about China cracking down on ICOs and exchanges probably sapped investor sentiment for the fund, which is why GBTC's price drop over that period was greater than that of bitcoin. Especially because just last month, some analysts were touting GBTC as a better option than investing directly in bitcoin, such as this shill:
https://www.google.com/amp/s/seeking...better-bitcoin
:fail
Maybe Dimon is right. Takes a fraud to spot a fraud.Quote:
Originally Posted by handicapme:doublefacepalm:lol2:wrongQuote:
Originally Posted by snake_in_the_ass
JP Morgan Offence Year Agency Penalty Amount
toxic securities abuses 2013 DOJ_CIVIL $13,000,000,000
mortgage abuses 2012 DOJ_CIVIL $5,333,600,000
banking violation 2013 OCC $1,958,450,341
anti-money-laundering deficiencies 2014 SDNY $1,700,000,000
False Claims Act 2014 DOJ_CIVIL $614,000,000
foreign exchange market manipulation 2015 DOJ_CRIMINAL $550,000,000
anti-money-laundering deficiencies 2014 FINCEN $461,000,000
energy market manipulation 2013 FERC $410,000,000
banking violation 2014 OCC $350,000,000
banking violation 2014 OCC $350,000,000
banking violation 2015 FED $342,000,000
consumer protection violation 2013 CFPB $329,000,000
interest rate benchmark manipulation 2014 CFTC $310,000,000
banking violation 2013 OCC $300,000,000
toxic securities abuses 2012 SEC $296,900,000
banking violation 2012 FED $275,000,000
investor protection violation 2015 SEC $267,000,000
price-fixing or anti-competitive practices 2011 DOJ_ANTITRUST $228,000,000
banking violation 2013 FED $200,000,000
accounting fraud or deficiencies 2013 SEC $200,000,000
consumer protection violation 2015 CFPB $186,000,000
toxic securities abuses 2011 SEC $153,600,000
Foreign Corrupt Practices Act 2016 SEC $130,000,000
data submission deficiencies 2015 CFTC $100,000,000
securities issuance or trading violation 2013 CFTC $100,000,000
economic sanction violation 2011 OFAC $88,300,000
kickbacks and bribery 2016 DOJ_CRIMINAL $72,000,000
banking violation 2016 FED $61,900,000
banking violation 2013 OCC $60,000,000
discriminatory practices 2017 SDNY $53,000,000
mortgage abuses 2015 DOJ_CIVIL $50,000,000
banking violation 2016 OCC $48,000,000
banking violation 2011 OCC $35,000,000
banking violation 2015 OCC $30,000,000
accounting fraud or deficiencies 2012 CFTC $20,000,000
investor protection violation 2016 SEC $4,000,000
banking violation 2011 OCC $2,000,000
employment discrimination 2014 EEOC $1,450,000
securities issuance or trading violation 2015 SEC $1,084,210
consumer protection violation 2015 CFPB $900,000
financial institution supervision failures 2017 CFTC $900,000
data submission deficiencies 2014 CFTC $650,000
securities issuance or trading violation 2012 CFTC $600,000
securities issuance or trading violation 2015 SEC $500,000
data submission deficiencies 2016 CFTC $225,000
workplace whistleblower retaliation 2016 OSHA $203,323
securities issuance or trading violation 2012 CFTC $140,000
investor protection violation 2014 SEC $54,000
GBTC is sitting on bitcoin cash that should be distributed to shareholders in either a spinoff or held in the same fund. At current market prices for Bitcoin & Bitcoin Cash, fair value for $GBTC is $425.Quote:
Originally Posted by MumblesBadlyQuote:
Originally Posted by GrenadaRoger
This is a closed-end fund, which unlike an ETF, does not purchase or sell underlying assets as investor buy or sell shares in the fund. As such, GBTC can trade at a premium to the market value of the underlying bitcoin holdings, with the premium depending upon investor sentiment. The news about China cracking down on ICOs and exchanges probably sapped investor sentiment for the fund, which is why GBTC's price drop over that period was greater than that of bitcoin. Especially because just last month, some analysts were touting GBTC as a better option than investing directly in bitcoin, such as this shill:
https://www.google.com/amp/s/seeking...better-bitcoin
:fail
Bitcoin in free fall
Wonder if it going below $4,000 has any psychological impact because it was around $3900 briefly, but bounced to $4006 right now. I'm guessing when we wake up tomorrow it will be under $4000 again, maybe by a lot.
Getting pounded but not as severe as I thought it would be (3300).
See what happens in next 24 hours.
You do realize that every major investment bank on the street including mine has these right? Like are you this stupid or just trying to find something that panders to your agenda?Quote:
Originally Posted by snake_in_the_assMaybe Dimon is right. Takes a fraud to spot a fraud.Quote:
Originally Posted by handicapme
JP Morgan Offence Year Agency Penalty Amount
toxic securities abuses 2013 DOJ_CIVIL $13,000,000,000
mortgage abuses 2012 DOJ_CIVIL $5,333,600,000
banking violation 2013 OCC $1,958,450,341
anti-money-laundering deficiencies 2014 SDNY $1,700,000,000
False Claims Act 2014 DOJ_CIVIL $614,000,000
foreign exchange market manipulation 2015 DOJ_CRIMINAL $550,000,000
anti-money-laundering deficiencies 2014 FINCEN $461,000,000
energy market manipulation 2013 FERC $410,000,000
banking violation 2014 OCC $350,000,000
banking violation 2014 OCC $350,000,000
banking violation 2015 FED $342,000,000
consumer protection violation 2013 CFPB $329,000,000
interest rate benchmark manipulation 2014 CFTC $310,000,000
banking violation 2013 OCC $300,000,000
toxic securities abuses 2012 SEC $296,900,000
banking violation 2012 FED $275,000,000
investor protection violation 2015 SEC $267,000,000
price-fixing or anti-competitive practices 2011 DOJ_ANTITRUST $228,000,000
banking violation 2013 FED $200,000,000
accounting fraud or deficiencies 2013 SEC $200,000,000
consumer protection violation 2015 CFPB $186,000,000
toxic securities abuses 2011 SEC $153,600,000
Foreign Corrupt Practices Act 2016 SEC $130,000,000
data submission deficiencies 2015 CFTC $100,000,000
securities issuance or trading violation 2013 CFTC $100,000,000
economic sanction violation 2011 OFAC $88,300,000
kickbacks and bribery 2016 DOJ_CRIMINAL $72,000,000
banking violation 2016 FED $61,900,000
banking violation 2013 OCC $60,000,000
discriminatory practices 2017 SDNY $53,000,000
mortgage abuses 2015 DOJ_CIVIL $50,000,000
banking violation 2016 OCC $48,000,000
banking violation 2011 OCC $35,000,000
banking violation 2015 OCC $30,000,000
accounting fraud or deficiencies 2012 CFTC $20,000,000
investor protection violation 2016 SEC $4,000,000
banking violation 2011 OCC $2,000,000
employment discrimination 2014 EEOC $1,450,000
securities issuance or trading violation 2015 SEC $1,084,210
consumer protection violation 2015 CFPB $900,000
financial institution supervision failures 2017 CFTC $900,000
data submission deficiencies 2014 CFTC $650,000
securities issuance or trading violation 2012 CFTC $600,000
securities issuance or trading violation 2015 SEC $500,000
data submission deficiencies 2016 CFTC $225,000
workplace whistleblower retaliation 2016 OSHA $203,323
securities issuance or trading violation 2012 CFTC $140,000
investor protection violation 2014 SEC $54,000
For starters, amazing call C$.
However BTC received an unexpected and impossible unknown call against it from China and JP Morgan, 1 2 punch but not a 3rd and not a knock out.
In fact JP Morgan came out again to say BTC could see much higher prices before falling.
Now take the JPM comment with salt because firstly they manipulate silver/gold to their liking, have been involved in countless frauds etc.
It may drop more and if so a bigger BUY signal.
If you dump when it's low, fools. BUY when it's low.
HOLD and buy when you see double digit blood.
You'll see :)
Sonatine must be jerking off while looking at bitstamp right about this time....
Quote:
Originally Posted by DonaldTrumpsHairPiece
Thank you
Dont be so sure about that one though (in bold above)
. I know I know :)Quote:
Originally Posted by cmoneyQuote:
Originally Posted by DonaldTrumpsHairPiece
Thank you
Dont be so sure about that one though (in bold above)
I'd say the crash is about in the middle of C$ predictions since it's not $3300 or whatever but $3800 is the lowest it has been in a few weeks.
Quote:
Originally Posted by BeerAndPoker
To be fair my 14th day isnt over yet.
Let see how this blood bath shapes up by eod
ty Cmoney, i sold at 4700, not sure how to short this thing, but selling saved me some $$.Quote:
Originally Posted by cmoneyQuote:
Originally Posted by BeerAndPoker
To be fair my 14th day isnt over yet.
Let see how this blood bath shapes up by eod
Quote:
Originally Posted by Charhamty Cmoney, i sold at 4700, not sure how to short this thing, but selling saved me some $$.Quote:
Originally Posted by cmoney
It could very well go back up again. To be honest, i didnt know about the Chinese news but knew about the JP announcement . I also thought the announcement was going to be a week before. I thought it would be enough to sink it below 3300.The way it is taking a bath today it could get there.
Our friends at SYSK just did a show on Psycopaths and quoted a study saying up to 10 percent of finance industryQuote:
Originally Posted by snake_in_the_ass
workers fit the bill vs one percent of the total population
As for cmoney's prediction....
Quote:
Originally Posted by limitlesOur friends at SYSK just did a show on Psycopaths and quoted a study saying up to 10 percent of finance industryQuote:
Originally Posted by snake_in_the_ass
workers fit the bill vs one percent of the total population
As for cmoney's prediction....
Great scene
https://youtu.be/A25EUhZGBws?t=12
So what is the number we want to buy at?
Peter Schiff is already dancing on it's grave LOL.
Quote:
Peter Schiff @PeterSchiff 8m8 minutes ago
It looks like the #Bitcoin dam at the $4,000 support level has broken. It's now a bloodbath as the flood gates are wide open.