3900+ entries in 0.147s
mjrIII: usually, with traders who are good, the losses look huge, but they have huge profits along the way
mjrIII: anyway, it was interesting to get scammed in a controlled way, but i don't think i'd find that interesting
mjrIII: because i haven't been scammed since
mjrIII: but it has served me well
mjrIII: this may sound stupid but i let myself get scammed for 1 btc there, just so i would remember and not let it happen for an amount that matters
mjrIII: but without relying on a central point of failure like mt gox
mjrIII: so, my goal is to push the local exchange model, and build an app that allows trading to take place globally
mjrIII: ah you were there at the time and trading from there
mjrIII: and i am building an app that will hopefully allow #bitcoin-otc to connect to all the local exchanges
mjrIII: anyway, trading pits were my inspiration
mjrIII: would still be big money for me
mjrIII: so anyway, in the same way that cme group runs comex and the cboe
mjrIII: moreso than most people in bitcoin space
mjrIII: from a finance perspective
mjrIII: means you are somewhat savvy
mjrIII: so, cme is where almost all options are traded (there are others but they are the biggest)
mjrIII: the oldest of all options exchanges
mjrIII: which also own the chicago board of trade
mjrIII: but was acquired by cme
mjrIII: which used to be nymex
mjrIII: no CME group owns comex
mjrIII: and i def don't live in chicago
mjrIII: i work in finance, but not a trader
mjrIII: chicago mercantile exchange
mjrIII: and almost all commodities (US at least)
mjrIII: lol, it is where most options come from
mjrIII: and then launching another day for the park
mjrIII: so, i think we will be moving there
mjrIII: Chaang-Noi: not everyone lives by CME/CBOE
mjrIII: charlie shrem is part owner
mjrIII: it is the lounge which accepts bitcoin
mjrIII: WiFi, electricity, food and drink and private space, and shelter from inclement weather
mjrIII: and it makes a lot of sense
mjrIII: EVR has been wanting me to move the exchange to EVR
mjrIII: yes, enough talk of s.dice
mjrIII: just saying that the numbers speak for themselves...if you bought their IPO would you be happy or sad right now?
mjrIII: im not saying its ran perfectlhy
mjrIII: and people got all pissed
mjrIII: same issue as when he dumped 3% more on the market
mjrIII: jurov: i totally agree
mjrIII: well...that is an interesting question
mjrIII: and valued it appropriately
mjrIII: but i never said i didn't like it, i guess my sentiment is that i wish more mature investors saw this equity
mjrIII: i'll defend whatever i please
mjrIII: i am looking for more arbitrage stuff
mjrIII: so, i personally don't like assets
mjrIII: i'm saying that most people in this space have no idea what they are doing
mjrIII: Chaang-Noi: and i wasn't directing that at you per se
mjrIII: has s.dice a) paid out a decent sized amount of dividends over their lifetime b) maintain a large market share c) have low expenses for the amount of profit they generate
mjrIII: no, i am asking you a simple question
mjrIII: and don't really like playing with equitities in a market filled with retards
mjrIII: i am not looking for investment advice
mjrIII: do you disagree with any of those points
mjrIII: they still have great market share
mjrIII: historically, it seems to me that S.DICE has paid out quite a bit in dividends
mjrIII: he could have just listed "operations capital" as an expense of 4k and then showed profit of 1k if he wanted
mjrIII: and now doesn't want to
mjrIII: he provided interest free loan
mjrIII: still don't see the issue
mjrIII: only profits should be distributed, not losses?
mjrIII: difference between in debt, and taking a loss for the month
mjrIII: how long will it take to get the returns to cover the cost i paid for the stock
mjrIII: P/E is a measure over time
mjrIII: i'm not talking about s.dice, i am saying any company
mjrIII: Chaang-Noi: i am saying, that if you look at a stock, and see a P/E ratio of .28 or whatever, and then see that they have huge market share, as well as very low expenses to profit ratio, what would you think
mjrIII: what did he do that he didn't announce?
mjrIII: not always the case, IMO
mjrIII: i chalk it up to retards like you...
mjrIII: jurov: what do you mean?
mjrIII: but i honestly don't understand why it is valued so low
mjrIII: i'm not advising people to buy
mjrIII: you have a strong buy IMO
mjrIII: so when you aggregate trusted mgmt, ridiculous profit margins, low share price, and great market share
mjrIII: jurov: but my point is that erik is trusted, so mgmt counts for a lot
mjrIII: jurov: yes, there is little recourse in case of fraud
mjrIII: so they got lucky and made 5k instead of their expected 3k
mjrIII: but it isn't luck when it happens, oh and by the way, that 5k was AFTER taking the loss from last month
mjrIII: and yes, i know about luck
mjrIII: um...tiberslav is very bearish...
mjrIII: is this referring to the private placement?