449500+ entries in 0.109s
mircea_popescu: (such as, for instance, if the company goes bankrupt you can't be clawbacked
mircea_popescu: but out of the bank savings you can buy a lot of options insurance.
mircea_popescu: cutting out the (significant) bank fees for letters of credit
mircea_popescu: FabianB_ would most definitely be worth it in that scenario.
mircea_popescu: so baked in is a convenience cost too. people don't seem to be doing nearly enough of their own offering, much prefering the instant execution of bot offer.
mircea_popescu: an important point tho is that you don't HAVE to take the bot offers
mircea_popescu: this has happened like i dunno, a dozen time in btc this year
mircea_popescu: you don't often see eur gaining 5% over usd in 24 hours
mircea_popescu: but in general : big price swings are better served by long positions. fine price movements are better served by short positions.
mircea_popescu: sgornick i guess you have a point. i recently switched my blog from romanian to english, so i kinda intend to make it the source for results. but i guess a link can't hurt anything.
mircea_popescu: but in what you say is implicit you do care which way prices go. that's why buying insurance for price changes makes sense.
mircea_popescu: if you expect price to rise then you want either long puts or short calls
mircea_popescu: "I also just got off the phone with Philip Moustakis. Nice guy. We chatted for about an hour."
mircea_popescu: Maybe Phil will even sign up and answer your questions (but that may be a conflict of interest for him).
mircea_popescu: spent about a day and a half in airport detention. maybe he pulled a nefario, it's unclear yet.
mircea_popescu: Diablo-D3 roger ver was detained in macau airport. apparently is on his way to hk atm
mircea_popescu: i mean, if you believe this you can go put your own CALL offers in there, neh ?
mircea_popescu: the rational thing for people to do is go in the midmarket imo
mircea_popescu: what you're saying does make sense, in general. just, btc is yet too low volume and i don't trust half the quant analysis results
mircea_popescu: then i'd prolly prefer adding more capital than following the mkt
mircea_popescu: atm i have the capital to anchor. if it becomes a problem and the bot is too often sold out
mircea_popescu: how would it know what's more time-resistant neutral position ?
mircea_popescu: if it's one of the people who sold a lot in the dump it makes sense
mircea_popescu: inasmuch as if they would have otherwise sold/bought on the mtgox market for sure.
mircea_popescu: people keep fearmongering re the us government, but my intel shows the chinese govt will be our real enemy.
mircea_popescu: the plain stat is scheduled for an overhaul, but this won't happen for a while yet to give people who are using it atm to provide 3rd party services to migrate to statjson first
mircea_popescu: ya, mpex is not doing your accounting, you have to do that part yourself.
mircea_popescu: or if you never issued a stat in october, issue one and it's there
mircea_popescu: but the point is, two things take out usd from mkt, one thing adds more btc
mircea_popescu: some people added significant hashpower and are probably selling the btc
mircea_popescu: bitinstant closed down ; some other service closed down
mircea_popescu: thestringpuller ask him to get rid of css on coinbr :D