789800+ entries in 0.48s
kakobrekla: but yeah if people wanna gamble, let
them gable
herbijudlestoids: well, i guess all i can say is i hope you never experience a 1% adverse move when youve got a 100:1 open
trade :)
herbijudlestoids: i have experienced it
trading USDJPY during
the may 6 2010 flash crash
herbijudlestoids: you should send an email
to venetFX asking if
they pool accounts :)
herbijudlestoids: im not sure which bit you
think is bollocks? do you really
think you didnt
take on any liabilities when placing leverage
trades? do you really believe
that stops on currenex are honoured during liquidity events?
kakobrekla: im not sure whats confusing you
to write all
the bollocks really
herbijudlestoids: so unless youre claiming
that all of your
trades are operating without leverage...
herbijudlestoids: dude. FX
trader
talking here. i have been in
the *real* market on leverage when
the liquidity evaporated, on numerous
times.
herbijudlestoids: am i funny because you
think im wrong? pls lemme know how your strategy goes on nonlinear event days :)
herbijudlestoids: well, while "operating" on
the FX market, you
took on liabilities yourself, probably in several
times excess more
than
the net value of your BTC on several occasions, so whatever premium you earned is a risk premium,
thats all, nothing special
kakobrekla: i kept my exposure
to btc while operating on fx market
herbijudlestoids: if
they are profitable its because of
their skills or luck, and if not
then not. nothing
to do with
the BTCUSD rate.
herbijudlestoids: err exactly, profitability depends on
trading skills, ergo, i have nothing
to ask people who opened an account with 100btc in 2012
kakobrekla: profitability depends on your
trading skills
herbijudlestoids: look, i dont want
to come off as negative nelly on your pet project
herbijudlestoids: i am not sure how
that liability is inherently more profitable
than
the underlying asset
kakobrekla: brokerage only benefits from good
traders
herbijudlestoids: i understand
that, but when
they open
the account with you all
they are doing is changing
their ownership of 100btc into ownining a liability from you
to return 100btc
kakobrekla: 100 btc was something like 1k usd back
then
herbijudlestoids: and how did
the brokerage account benefit
them over keeping
those 100btc in a wallet?
herbijudlestoids: maybe im wrong and
theres a hundred props out
there just drooling
to short bitcoin on leverage?
herbijudlestoids: i will preface it and say its just my opinion, but serious
traders only like
to
trade
their money in real markets
kakobrekla: but i can see how
that might appear on first look
herbijudlestoids: advice from someone who
trades FX seriously, but offering STP broker, 500:1 leverage and no swap is only going
to attract retail weenies
to get fleeced. real FX
traders like ECN, probly max 10-20:1 LVR and want
their swap
kakobrekla: you cant imagine
the pain our people went
through
to get
this.
herbijudlestoids: so i can pretty much guarantee youre running an unhedged book
then?
gribble: (last [--{from,in,on,with,without,regexp} <value>] [--nolimit]) -- Returns
the last message matching
the given criteria. --from requires a nick from whom
the message came; --in requires a channel
the message was sent
to; --on requires a network
the message was sent on; --with requires some string
that had
to be in
the message; --regexp requires a regular expression
the message must (1 more message)
assbot: You had
the last Philistine.
This one's mine.
herbijudlestoids: Straight
Through Processing...thats what Currenex is. a big matching pool for retail
to get fleeced
herbijudlestoids: kakobrekla: yep i have access
to
the
two largest interbank ECN :)
kakobrekla: whatever, people
think im from somalia.
kakobrekla: "wait wait, so his middle name is really 'osama'?" "yes garry, how convinient eh" "indeed, lets make him
the director!"
herbijudlestoids: if you like, from now on i can upload
the pictures
to freenet and you can fetch
them from
there
kakobrekla: that is excatly what
they would do
to make us
think we are safe
herbijudlestoids: "The documents also show
that JTRIG infiltrated chat rooms known as IRCs and identified individual hackers who had
taken confidential information from websites."
kakobrekla: blockr.io now shows bitcoin days destroyed for each
tx which is kinda cute
kakobrekla: you want mpbor? you want mpoe shares? maybe
trilema credits?
kakobrekla: no but really,
the "how do i invest in mp" is not a valid question
kakobrekla: ahh yes it doesnt, because
this is not a
toy computer!
kakobrekla: do you see
the big green button in
the control panel? should say "INVEST IN MP"
Mats_cd03: so what do i do on coinbr
to invest in mp
Mats_cd03: how do you go about getting an invite
to CoinBr
chipug: benkay: does gribble save
the link for when mircea next logs in?
Mats_cd03: So if I'm
to understand, shareholders of mpex are about
to get a bigger
than expected dividend
DrSteveBrule: yea,
that should be
taught in schools and in church. I believe
there is a quote in
the bible about options...
benkay: it's
the world, really. most people just insulate
themselves from it until
that awful day it rears up in all of its raging complexity and
they're forced
to deal.
ozbot: MPEx:
The Missing Manual 6 - Options - serialized delusions
DrSteveBrule: for example, i see 1000 @ 0.487 = 487 BTC with a stike at 500 / doesn't
that mean
they bought 1000 contracts at 0.487BTC?
benkay: the breakeven on
the position is a function of both
the strike price and price paid.
benkay: the perspective you're missing is how much
that person paid for
those puts.
DrSteveBrule: for
that specific
type of contract (with end of feb expiration and strike around $400-$500) but
that website is hard
to understand, so I may be wrong. Coming in here
to see if other see
the same
DrSteveBrule: flins, i believe you are looking at
the price of
the option contract
flins: but isn't
the lot size 0.1btc?
DrSteveBrule: that was new news
to me
today, so correct me if I'm wrong. But
thats quite
the gamble
DrSteveBrule: by
the way,
the option puts expire
this month, and
the strike price was set for between $400 - $500
DrSteveBrule: I just came here
to see if anyone felt
the same?
DrSteveBrule: My apologies, I don't want
to sound like one of
those crazy people who just wants
to come in a speak bullshit. My reasons for my current short position are 1) Elliot wave principle 2) I don't
think
the Chinese gov likes bitcoin 3) 4 million dollars worth of option puts bought on
http://mpex.co/ benkay: how'd you construct
that position?
DrSteveBrule: hello. I grabbed a lifeboat and we have not even hit
the iceberg yet. Anyone else in
the lifeboat with me? I have a 10 bag and a bluetooth speaker playing a bob marley mix
Vexual: where are you?
Teheran?
Vexual: can you say what you would want
to happen with
them?
ThickAsThieves: you could always say what you WANT
to happen
to
the shares, like every other forum investor is about
ti
Vexual: always professional
tat
Vexual: you're allowed
to say no
Vexual: do you know what will happen
to unsold shares?
herbijudlestoids: how many left and how much
trading on
them vs electronic outcry markets