Bitcoin Forum

Economy => Speculation => Topic started by: r0ach on December 18, 2015, 07:16:16 AM



Title: Daily reminder that nobody ever became rich by hedging
Post by: r0ach on December 18, 2015, 07:16:16 AM
This post is not to be considered investment advice in the continental United States, minor outlying islands, or territories acquired through conquest.


Title: Re: Daily reminder that nobody ever became rich by hedging
Post by: smiles on December 18, 2015, 08:07:30 AM
The key is to use other people's money and collect huge fees and bonuses.


Title: Re: Daily reminder that nobody ever became rich by hedging
Post by: oblomov on December 18, 2015, 07:04:42 PM
The key is to use other people's money and collect huge fees and bonuses.

Or, one can use OPM, from margin funding at Bitfinex and other exchanges.  The lending rate is less than 2% p.a.


Title: Re: Daily reminder that nobody ever became rich by hedging
Post by: jehst on December 18, 2015, 07:32:37 PM
How many people has bitcoin actually made "rich"?


Title: Re: Daily reminder that nobody ever became rich by hedging
Post by: r0ach on December 19, 2015, 09:58:17 AM
Winkles are in at something like $100 a coin average, and Rptiela has a castle, so I'm guessing a couple.


Title: Re: Daily reminder that nobody ever became rich by hedging
Post by: TERA on December 19, 2015, 11:27:11 AM
$100 per coin?  What about the people who are in for $0.1 per coin?