Bitcoin Is Over $7,200!

[DTB]

When futures trade on it. I'm going short 1 /es and long x BTC. Not sure what dollar delta I'll use. Have to see btc vol (iv) prob 5x /es off top my head. 1:5 dollar ratio.

But I'd bet market treats as if was gold. Market crashes btc rises.
.

I like the pairs trade and the ratio.

Unfortunately for me gold has followed ES for the past 12 months. I'm long ES and short gold.

ES big time winner, gold smaller loser.

 

[Joe Flacco]

I don't understand the purpose of short es in the pair.

 

[Joe Flacco]

Here’s a good article about the economy and AI: https://finance.yahoo.com/news/mark...tificial-intelligence-race-sol-155526989.html

A pretty interesting question from the article: “I can tell you the real estate is going to be displaced. I’ve talked to major companies that, they’re asking me, ‘Mark, we’re going to have all this extra real estate in all these towns. What are we going to do with it? Do you have any ideas?’”

I don't know what is going to happen but the market is saying that something is happening.

 

[The Bob]

This guy went all in when it was $30

http://nordic.businessinsider.com/t...rs-later-his-net-worth-has-grown-100x-2017-8/

 

[Big ole Boy]

I don't know what is going to happen but the market is saying that something is happening.

Nominal incomes (real available money - minus REAL inflation for the 99%) is shrinking.

Just a heads up on another front - regarding Bittrex and Poloniex (crypto exchanges for ALTS). These exchanges are getting overwhelmed. I have some coins stuck in Bittrex - they have frozen my withdrawal capabilities. Poloniex is throwing up all kinds of weird verification hurdles. Be careful out there. I think these exchanges are purposely trying to SLOW things down.

They got a REAL tiger by the tail.

 

[Joe Flacco]

yeah seems like it. Seems like a lot of exchanges crashed and are down right now.

 

[Big ole Boy]

We are witnessing quite a phenomena here.

Forgive me at an attempt at the following esoteric parallel I see.

IF ... a big IF, if the universe is an open-ended paradigm, then Bitcoin might just be a manifestation of the nature of the universe.

When Europeans discovered the NEW world and flooded over here for opportunity - human intelligence was allowed to germinate quickly and became the central participant in the Industrial Revolution.

Jamestown was a corporation (closed universe) - Jamestown would be CC (Capital Controls) placed on human activity. But, Jamestown did not control everything.

I would submit that the NEW WORLD for finance/banking is unfolding out necessity - that the universe evolves and is for the lack of a better word - open ended, well beyond the reach of capital controls by the elites.

Its like spy novels when attempting lite chat about the quantum nature of the universe.

all tongue and cheek here .... just having a ball

 

[gregb]

Is Elon actually Satoshi?

https://hackernoon.com/elon-musk-probably-invented-bitcoin-9d6c7b7f9c3b

 

[Deleted member 134708]

I don't understand the purpose of short es in the pair.

Only got to this post so far and commenting.

At this point, akin to golds actual vol (not iv) during time we went off gold standard. Btc doing same thing to a T. Btc actual vol is not different than gold. So I'd base btc iv off gold actual vol.

So /es is beta of 1. I'd run btc bets prob at 3-5 x's. It's unknown territory.

So /es sells off in economic correction. Gold rises. Btc is gold but better.

So /es falls 100. Btc rises 500. But that's not known. Just guess. So need to beta weight it. /es is known as a 1. Btc is unknown. I'd go 2-5 beta as guess.

 

[Deleted member 134708]

Nominal incomes (real available money - minus REAL inflation for the 99%) is shrinking.

Just a heads up on another front - regarding Bittrex and Poloniex (crypto exchanges for ALTS). These exchanges are getting overwhelmed. I have some coins stuck in Bittrex - they have frozen my withdrawal capabilities. Poloniex is throwing up all kinds of weird verification hurdles. Be careful out there. I think these exchanges are purposely trying to SLOW things down.

They got a REAL tiger by the tail.

You cats are crazy and not like a fox. Your crazy like a person with retardation.

I don't personally invest in btc but advise ppl who do. All their stuff is in a trezor, ledger, or paper wallet.

Capitalism def coming for a lot of people. Either know the tech personally or get taken advantage of.

Give you gents a pass. But for sure get your coins off the net. Come on.