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Title: Canadian Bankers are Idiots Post by: The Bitcoin Co-op on August 14, 2014, 11:39:48 PM Our national bank just concluded that arbitrage opportunities do not exist in cryptocurrency: http://www.coindesk.com/bank-canada-research-cryptocurrency-arbitrage-doesnt-exist/
Given the sheer number of people in our Co-op (and probably on this forum) who make money doing arbitrage with crypto, I find it surprising. These people are supposed to have PhDs Title: Re: Canadian Bankers are Idiots Post by: jonald_fyookball on August 15, 2014, 01:27:34 AM Our national bank just concluded that arbitrage opportunities do not exist in cryptocurrency: http://www.coindesk.com/bank-canada-research-cryptocurrency-arbitrage-doesnt-exist/ Given the sheer number of people in our Co-op (and probably on this forum) who make money doing arbitrage with crypto, I find it surprising. These people are supposed to have PhDs Arbitrage exists in nearly every market. Title: Re: Canadian Bankers are Idiots Post by: knight22 on August 15, 2014, 03:35:38 AM Asking a banker to understand bitcoin is like asking a born blind person to understand colors. ::)
Title: Re: Canadian Bankers are Idiots Post by: jaberwock on August 15, 2014, 05:06:10 AM Correction: Bankers are idiots.
And people who offer finantial advice have their dumbness proportional to how many degrees they have. They spend too much time studyind that don't have time to do or think usefull things. Title: Re: Canadian Bankers are Idiots Post by: Bogleg on August 15, 2014, 07:18:49 AM Need to give them a medal of courage for publishing such garbage.
Title: Re: Canadian Bankers are Idiots Post by: minerpumpkin on August 15, 2014, 07:23:12 AM Our national bank just concluded that arbitrage opportunities do not exist in cryptocurrency: http://www.coindesk.com/bank-canada-research-cryptocurrency-arbitrage-doesnt-exist/ Given the sheer number of people in our Co-op (and probably on this forum) who make money doing arbitrage with crypto, I find it surprising. These people are supposed to have PhDs Currently trying to figure out whether they don't really know about Bitcoin/Altcoins or whether they actually do mean other arbitrage opportunities. Also, Bitcoin is still to small of course - but only as of now! Title: Re: Canadian Bankers are Idiots Post by: brian_23452 on August 15, 2014, 09:40:30 AM Our national bank just concluded that arbitrage opportunities do not exist in cryptocurrency: http://www.coindesk.com/bank-canada-research-cryptocurrency-arbitrage-doesnt-exist/ Given the sheer number of people in our Co-op (and probably on this forum) who make money doing arbitrage with crypto, I find it surprising. These people are supposed to have PhDs Currently trying to figure out whether they don't really know about Bitcoin/Altcoins or whether they actually do mean other arbitrage opportunities. Also, Bitcoin is still to small of course - but only as of now! Had you actually read the paper, you would know the answer to that. It's usually a good idea to actually read what someone writes and understand it before blindly calling them all idiots. Just sayin. Title: Re: Canadian Bankers are Idiots Post by: iluvpie60 on August 15, 2014, 12:30:40 PM Our national bank just concluded that arbitrage opportunities do not exist in cryptocurrency: http://www.coindesk.com/bank-canada-research-cryptocurrency-arbitrage-doesnt-exist/ Given the sheer number of people in our Co-op (and probably on this forum) who make money doing arbitrage with crypto, I find it surprising. These people are supposed to have PhDs They messed up in their study. The problem they ran into was being theoretical and looking at price charts. THey don't understand that within a few hours the price can have a 10% dip then a 20% rise. I saw it all the time months ago with altcoins. These people don't know what they are talking about, many altcoins made people money within the first few days of it coming out. Title: Re: Canadian Bankers are Idiots Post by: frankh13 on August 15, 2014, 12:52:57 PM Our national bank just concluded that arbitrage opportunities do not exist in cryptocurrency: http://www.coindesk.com/bank-canada-research-cryptocurrency-arbitrage-doesnt-exist/ Given the sheer number of people in our Co-op (and probably on this forum) who make money doing arbitrage with crypto, I find it surprising. These people are supposed to have PhDs It's horrible, how it will be affect on btc rate???? Title: Re: Canadian Bankers are Idiots Post by: spazzdla on August 15, 2014, 01:03:47 PM They only looked at BTC and LTC and only major exchanges... My country is a special kind of stupid.
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