log☇︎
280600+ entries in 1.752s
mjrIII: as i've said...the goal was not to speculate, the goal was to arbitrage
mjrIII: so, if i can "employ my btc" by writing options and collecting premium, while doing it in a fully backed way (not exposed to the risk at the expense of some profits), then that seems like a great way to acquire more btc
mjrIII: since i don't have much capital
mircea_popescu: start thinking not from "o i could make some btc" perspective but fgrom the "how could i employ my btc" perspective.
emptyeddepended: i hope^^
emptyeddepended: u know what i mean
CheckDavid: I just can't interpret the syntax used by assbot
mjrIII: i just think that most people would be too scared to writeoptions
ThickAsThieves: mostly i've been too busy with other areas to fuss over options lately
mjrIII: so if i jump in, he might compete
CheckDavid: I was just confused by the lack of info on the website I guess
ThickAsThieves: I think if another month or two of low sales go by, he'll adjust
Scrat: ThickAsThieves: http://i.qkme.me/Bb.jpg
ThickAsThieves: i could be wrong
ThickAsThieves: i think last month was his loiwest volume to date
mjrIII: but i don't want to speculate on the rise and fall of btc prices, i just want to arbitrage
mjrIII: but if i CAN, maybe i can make some money
mjrIII: so anyway, i think that the options are really expensive, but it seems to be working for mp, so i understand why he wouldn't offer it cheaper
mjrIII: so i looked at the one month in which volatility was the greatest
mjrIII: so i looked at the deviation from the mean for each closing month
mjrIII: by the way, to calculate the volatility, i looked at historical data over the last year
mjrIII: to figure out how hedged I am, i need to calculate the total value of my position over different prices btc/usd
mjrIII: and yeah, i'd be selling them via mpex
Namworld: I'll take them at 0.05 a piece
mjrIII: what if i offered it at .15
mjrIII: for example, i think the 68put is around .3 btc to buy
emptyeddepended: where can i trade btc/usd futures?
ThickAsThieves: Personally, I wouldn't buy or sell options right now
mjrIII: and also, since it is not possible to know how many bitcoins i would need as collateral, there is a little uncertainty in ROI
mjrIII: since i profit from the future's contract if the price goes down, as long as my premium is at a certain price, i won't lose money in the total portfolio though i lose on the put, my future should hedge me
mjrIII: for example, if i sell the future, i could sell a put
mjrIII: how covered am I if i sell an option that moves inversely
mjrIII: if i sell a futures contract at the current price
mjrIII: but i am still working out the numbers
mjrIII: but, if i can sell options, at a much more lower price, i should be able to collect a decent amount of bitcoin
Namworld: I haven't traded options in a while
mjrIII: based on a few different calculations, i think the MAX volatility is 50
mjrIII: i am looking to delta hedge positions so i can sell options
Namworld: What kind of financial calculations, if I may ask?
mjrIII: i've been doing financial calculations all night and i am so confused
thestringpuller: I wouldn't pay money out on dividends for BITVPS.
thestringpuller: i wonder how much of the money taken from ASICMINER went into MPOE or where it went in general ;P
furuknap: I find it interesting how people seem incapable of seeing others as not having their own characteristics.
cads: I enjoyed it a lot, and you've given me some awesome directions to investigate
cads: definitely a JVM language will be great to have when/if I need to do android dev
cads: sure, and I want to get over prejudices in my choice
benkay: i have zero investment in your choice of languages.
cads: I'll try and open my mind here - I really love the idea of clojurescript
benkay: i liked that book
cads: yeah, I don't want to put negative words to lisp, mostly since I don't have the experience to have that right
benkay: i use what i feel like using when engineering req's don't clearly dictate alternatives, and when they do?i follow their directives.
cads: although I have great fun using it, oddly
cads: lol, even I hate lisp, mostly because it feels like someone was too lazy to write a parser
benkay: well, you *may* be happy. i have no idea.
cads: and I hate to give it to it, but worpress is great, and the actual PHP you have to do to use it is very very minimal, even when you're writing your own theme
benkay: i typically recommend it as a good framework for apps that clients want to maintain themselves, or be able to hire people to maintain themselves
cads: I'm hoping clojure has a ecommerce solution
cads: I'm sure there's a blog
ThickAsThieves: I know i'm late commenting, but in general, offering more payment methods will likely only have one negative consideration. It may act as a distraction. For web shopping, most any "step" or "option" is a potential moment of distraction. Each of these moments can be considered an obstactle to a sale, the goal being to have the least amount of resistance between the impulse to buy and
cads: I'm suddenly very interested to find out what web platforms clojure has acretted in the time I've been away from it
cads: hmm, I can has clojurescript as a replacement of javascript?
cads: I don't think it existed back then
benkay: i'll embarras myself, man
cads: I tried it a few years back
benkay: yeah, i wouldn't put that in the evaluation matrix
Apocalyptic: i find haskell really awesome, after having some functional prog background with OCaml mostly
cads: I mean, I love ruby, and with JRuby I might be able to expect decent runtimes - I know python is compiled now and is supposed to be blazing
benkay: mp i'm kidding
benkay: that's how i started programming. controls systems in python and matlab.
benkay: i recently switched wholesale to clojure
benkay: i endorse
cads: I've just been lucky to be introduced to ruby by a very philosophical and zen person, I guess
benkay: i recommend django for simple dimple sites
cads: the site I'm thinking of is simple dimple :)
cads: and I'm working on an open source project with the programmer that programmed tagstand's NFC app
cads: I don't think that store has any particularly challenging engineering
cads: I don't want to innovate for now
cads: here's what I'd like to imitate
benkay: if you're doing webdev in the states and want to invest in skills that will be attractive to the people who hire devs and dev teams, i would avoid php.
cads: yeah, this is the first webstore I'd be building
cads: i like the idea of magento since it's got a big community and good documentation
benkay: which, man, i have no idea how rigorously you want to build your store
cads: to be honest I don't really see many reasons to swing one way or another at this point
cads: being that I'm a semi-rubyist, in the short term I might like a ruby based option
cads: in the long run I might prefer the PHP route rather than derp around with effete rubyists
benkay: i just wrapped an epic migration from magento 1.3 community to enterprise
cads: I know there are a few ruby/rails based options,
cads: I haven't even run it - I have a lot more experience with wordpress, but that experience makes me want to stay away from using WP as a storefront
benkay: i just wrapped an epic migration from magento 1.3 community to enterprise
cads: so far all I've done is.. download a magento virtual machine
cads: why recommend against magento, I mean?
benkay: i recommend against magento
cads: actually, tag stand is the only example I can cite, here in the US
cads: sites like tagstand.com have been successful (I don't know how successful) offering an inventory of NFC tags at low volume/high cost, at the same time as offering a free NFC based task manager app
cads: for now I'm just playing around with webstore techs - thinking of magento, and, funny enough, shopify :)
cads: benkay: I don't think they'll have much room to complain, as long as I don't link customers from the ebay store to my store
benkay: I imagine eBay won't be terribly pleased to hear that you accept payment methods they don't get a slice of...
cads: benkay: right now I just have some tags in the mail, that I'll be putting up on an associate's existing ebay store
emptyeddepended: i'm sorry, i mentioned spotify, but what i meant was shopify... christian@shopify.com was responsive, when i asked for confirmation of a planned bitcoin integration
benkay: cads: can I get a link?