That's why, even if you don't want to trade, you should at least cost-average, in a disciplined manner.

Very much not true.  I am more than happy to take XMR from the bots.  The more market makers, the fewer big swings.  You start by placing your ladder in anticipation of the swings.  When that ceases to be useful, because of competition, you adapt your order placement.  It does not take long until the strategy has paid for itself, and your risk of a net loss has gone to zero.  Meanwhile, by making the currency more attractive for transactional use, you have increased the value of your principal holdings.


A valid concern.  If you haven't done compliance and continue to refrain from compliance, you could loose on that.  For that reason, an off-shore exchange (with fiat) can't come soon enough.

When people want ETH, they buy BTC.  When they make large gains, today, they want to book in fiat, so they sell BTC.  If the gains are more than the pot stakes, it is a net negative for BTC, but so far the trend has been recycling via trading, and a net inflow to BTC.  If they wait for BFX to exchange against fiat, it is good for BTC and bad for ETH, because the gains get booked against ETH, for fiat.  Eventually, the flows into ETH may be more from fiat, less from BTC, and the BTC sales to ETH buyers will decline, which is bad for BTC, but almost certainly in the beginning of BFX trading the net flows are fiat -> BTC -> ETH -> fiat, which is favorable to BTC and negative for ETH.


I am not entirely sure they want your dong.

It has been "berry berry good *to* *me*".

Please make a rational case. Or if that is beyond your present resources, at least explain with an occasional hand-wave. Even an incoherent rant would be an improvement, providing more information.

I hope you realize that the alt coin market cap is actually a subset of the Bitcoin market cap. The overwhelming bulk of that figure is directly accretive to the value of Bitcoin.

Not really a speculation topic: I would like to encourage anyone with coins on an exchange to place smallish bid ladders on both sides of the book.  Liquidity is important for growth of the transactional market.  If you use small orders and only a small part of your supply, and update your orders frequently, the risks are small and gains are reasonably consistent.  Discussion of the speculative aspects should be referred to the speculation thread.  I'm just throwing this up as an encouragement to those who want to help the economy mature.

Start with countries off-sides from the U.S. which aren't under international sanctions.  Iran, Venezuela, Cuba, UAE, Uruguay, Fiji, Seychelles, Madagascar, Mozambique, Zimbabwe, Laos, Myanmar....

Hedge funds are oft vilified, but you know who banks most of the gains?  Pension funds.  Grossly underfunded pension funds.  Hedgies make money the old fashioned way:  With OPM (other people's money).  Yes, they sometimes (not usually, but if they are good, certainly) bank outsized gains, and charge exorbitant fees.  It is a sweet business  if you are good at it, and the reward is quite disproportionate to the social benefit in such cases.  However, keeping pension funds in the black is an enormous social benefit.  And it is about 50% of the sink for hedgie gains.  ~20% is probably insurance, ~4% is high net-worth punters, and the rest is internal to the industry, with about 10% going to the managing partners.

Yes, it is not as efficient a redistribution mechanism as direct grass-roots XMR investment.  But I would argue that it is far more efficient than state-socialism!  I would not avoid the market.  I just think it is premature to take the market seriously, except on an opportunistic basis.

The FXD people to whom I have provided XMR have taken it as a paper wallet.  It's like any other derivative contract to them.

Actually it is pretty fair.  The BitcoinATM near my office in the city charges at 8.6% premium for buys.  The one in LES does btc to fiat, requires KYC, and charges some serious double-digit premium on sells, like crazy bad, that I have erased from my memory as a traumatic experience.  Well, fair compared to outright rape, that is.

Get a thread.  (Also, "homestead" release, hardfork is Monday.)

If you know enough to know that you don't know, then you know a lot more that a lot of people who know that they know a lot more.

given that phones will have terabytes of non-volatile nanosecond latency memory by then, it shouldn't be a problem.  but, competing with low-latency centralized settlement while surviving kyc/aml will be a challenge before 2020. 

Bem vinda. Lamento que eu não falo Português. Mas parece que você obter algum gozo a partir da discussão Inglês, então nem tudo está perdido.

A propos: https://research.facebook.com/blog/three-and-a-half-degrees-of-separation/

...makes me want to cry about my Erdös number.

I favor Chile.  Good personal liberty, climate, education levels, and some nice natural resources (copper, lithium, &c).  Very long flights however.

Fitch just downgraded Finland.

I have not read his recent report.  I have often found M. Armstrong's estimations similar to my own.  I was in some disagreement with him about 2015.75, however, and I was proven right, in my own estimation.  Although, I do believe that July was a generational SPX top.  2134, in constant money terms?  Maybe again in 2029.

I describe only the positions I choose for my own portfolio.  Your needs and objectives may differ.

Actually I did this, very informally, a few times back in 2014.  Probably at least one or two of the larger spikes in Summer and Fall of 2014 were at my instigation.  *Every* FX derivatives person I pitched to, bought some, either on their own according to their report, or else from me, OTC.  If I had more time I would pitch more.  FX quants seem to be my natural audience. I am 99.44% sure they are uniformly hodlers, too.