hendzen

22 ms·

181.
by hendzen 9y ago
Among many other reasons, due to the listing of Bitcoin futures on CBOE and CME the CFTC now has some oversight on the spot market.
182.
by hendzen 9y ago
Quantitative easing for cryptocurrency markets.
183.
Quantifying the Effect of Tether(tetherreport.com)
96 points by hendzen 9y ago|46 comments
184.
A summary of what quantitative trading firms do(blog.headlandstech.com)
545 points by hendzen 9y ago|118 comments
185.
by hendzen 9y ago
If that was true, why would Bitfinex not agree to an audit to prove the funds were held? And do you really believe 450m was transferred to Bitfinex in the last 3-4 days?
186.
by hendzen 9y ago
You are equating dollar inflows/outflows with market cap. They are not the same. Look at the order book on GDAX. How much bitcoin do you need to buy/sell to increase/decrease the market cap by 1 billion dollars? MUCH less tha
187.
by hendzen 9y ago
Imagine the New York Stock exchange decided to print counterfeit dollars (electronically) and use them to buy up shares of all the stocks on the exchange. There would be a huge rally, all the stock prices would go through the roof. But if e
188.
by hendzen 9y ago
Those market depth numbers are probably thinner than they seem, there is no regulation of spoofing/layering and it would be instructive to look at the cancellation rate of passive orders originally placed deep in the book when market p
189.
by hendzen 9y ago
This is so that their clients won't be able to sue them if/when the bubble pops after they help execute BTC trades for them.
190.
by hendzen 9y ago
The point is that marginal price is easily manipulated, when the good is easily electronically traded. Stock trading is heavily regulated (& companies can issue more shares if demand is very high) which prevents the massive amount of ma
191.
by hendzen 9y ago
As said by others, market cap is not enough. There needs to be a better metric that takes in to account "true" market depth. I say "true" b/c the market depth on CC exchanges is generally accepted to be BS due to wi
192.
by hendzen 9y ago
Trading fees? Market data costs? Colocation fees? All things that suffer if you discourage active trading.
193.
by hendzen 9y ago
This comment makes me think you didn't read the article in my parent comment. Bitcoin is not a Ponzi scheme, it is a Nakamoto scheme.
194.
by hendzen 9y ago
Do you honestly believe that most people buying bitcoin are buying it for any reason other than the hope that the price will increase?
195.
by hendzen 9y ago
Another question - how does the exchange make money if the rules seemingly discourage trading?
196.
by hendzen 9y ago
Yeah I expect these rules will be rendered effectively moot by equity swap trading.
197.
The Problem with Calling Bitcoin a “Ponzi Scheme”(prestonbyrne.com)
2 points by hendzen 9y ago|0 comments
198.
by hendzen 9y ago
It's not a Ponzi scheme - it's worse. At this point it only makes sense to call it a Nakamoto Scheme. https://prestonbyrne.com/2017/12/08/bitcoin_ponzi/
199.
by hendzen 9y ago
ADV of 311 shares according to Yahoo. Do not buy.
200.
by hendzen 9y ago
Yes, $XLK tracks the technology sector components of the SP500.
201.
by hendzen 9y ago
There isn't unlimited risk because the exposure to tech is hedged out by the opposing long/short positions (as are the dividend payments). Agreed that this isn't practical for the average investor though.
202.
by hendzen 9y ago
What you want is an equal risk weighted SPY ETF - where each component is weighted such that the contribution to total volatility is equalized. This can be done using some off the shelf risk models from firms like MSCI. There was such an ET
203.
by hendzen 9y ago
$SPXT (SPY-ex tech sector) would qualify, but it has almost no volume, so I would recommend against trading it. You could construct something roughly equivalent by going long x shares $SPY and then going short ~0.238 * x shares of $XLK.
204.
by hendzen 9y ago
You could even call it Madoff Securities LLC.
205.
by hendzen 9y ago
Don't work with closing prices for statistical analysis. Work with returns (really log returns). This would have simplified some of the code, and made the plots in the same units rather than requiring separate axes. More detail: https
206.
by hendzen 9y ago
For insider trading on the US equities or options markets, the SEC has surveillance tools that flag unusual short term gains around corporate actions, and then check if any of the counterparties are insiders or related to insiders via marri
207.
by hendzen 9y ago
so what you're telling me... is that this is good for Bitcoin?
208.
by hendzen 9y ago
Pesos are already widely available to retail investors so it isn't really comparable to the situation with BCH. The average US crypto investor is only buying what is available on Coinbase (note that its one of the top apps in the iOS a
209.
by hendzen 9y ago
> Once supported, customers will be able to withdraw bitcoin cash. We’ll make a determination at a later date about adding trading support. It's the trading support part that was not public, and that part is very important as it sig
210.
by hendzen 9y ago
I don't really know if any Coinbase employees really committed insider trading - I'm just speculating based on the fact that the price of BCH appeared to rise significantly before the public announcement. Its also unclear what i

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