Coinbase releases professional trading platform for institutional clients • Hacker News Board

Re: Coinbase releases professional trading platform for institutional clients

#91

Post by rajacombinator » Wed, May 16, 2018, 2:12 PM UTC

buttershakes wrote: post #80

chollida1 wrote: post #25

Earlier quoted context omitted.

Bold claim, and funnily enough, you are the 3rd or 4th team I've run into this week that claim to be the fastest trading system on GDAX. The Consensus conference brings out these kind of conversations:) What are you basing your claim off of, I've seen some pretty impressive use of C++ and one team that is starting to burn simple strategies into FPGA's. What sort of time from network stack to network stack are you con…

These posts kill me. Anyone who says they are burning strategies onto fpgas when they trade with GDAX has no idea what they or doing or talking about. The platforms are way too immature for this to matter. Source, was in real HFT for 10+ years.

Yep, can confirm from the other side. (Someone doing crypto equivalent of “HFT”.) It’s nowhere near real HFT level.

Re: Coinbase releases professional trading platform for institutional clients

#92

Post by rajacombinator » Wed, May 16, 2018, 2:20 PM UTC

Coinbase is basically nothing and continuing to decline in relevance in the crypto market. The idea that they’re capable of providing a higher level of service when they failed miserably at what they do now is amusing.

Re: Coinbase releases professional trading platform for institutional clients

#93

Post by gdaxthrowaway » Wed, May 16, 2018, 2:52 PM UTC

is_true wrote: post #84

gdaxthrowaway wrote: post #61

Earlier quoted context omitted.

I've made almost $500k within a year. I don't run a bot and I don't have a financial background.

500k starting with 499k? Percentages are better for this.

I started with 5-7k. I primarily hold, sell when the price is high and then buy the dip.

I once made 30k from 400$. It's ridiculous. I bought 400$ worth of BTC a year or two ago. BTC price went up. At that point I had ~3000$. I sold BTC and bought IOTA. IOTA was pumped, I sold it for $10,000. I went all in and bought Ripple at 0.94$. They pumped the price, I was able to sell at 3$, making a whopping $30k+.

Re: Coinbase releases professional trading platform for institutional clients

#94

Post by lisbakke » Wed, May 16, 2018, 3:18 PM UTC

alephnan wrote: post #73

lisbakke wrote: post #66

Earlier quoted context omitted.

You're probably thinking of my post from a few weeks ago in this thread https://news.ycombinator.com/item?id=16922538 I'm tracking order positions with an in memory orderbook. When gdax accepts my order I know where I end up. I average spot 1.45 when the spread changes. It's hard to get closer to perfect 1.00 because of limit taker orders which, if placed right, always get 1.00 after the taker portion is calculated a…

> I'm tracking order positions with an in memory orderbook. Yes, but you still didn't address the question of what are you basing your claim of being the fastest off of.

What?

Re: Coinbase releases professional trading platform for institutional clients

#95

Post by is_true » Wed, May 16, 2018, 5:17 PM UTC

gdaxthrowaway wrote: post #93

is_true wrote: post #84

Earlier quoted context omitted.

500k starting with 499k? Percentages are better for this.

I started with 5-7k. I primarily hold, sell when the price is high and then buy the dip. I once made 30k from 400$. It's ridiculous. I bought 400$ worth of BTC a year or two ago. BTC price went up. At that point I had ~3000$. I sold BTC and bought IOTA. IOTA was pumped, I sold it for $10,000. I went all in and bought Ripple at 0.94$. They pumped the price, I was able to sell at 3$, making a whopping $30k+.

Wow. With that track record you should play the lottery.

Re: Coinbase releases professional trading platform for institutional clients

#96

Post by tqkxzugoaupvwqr » Wed, May 16, 2018, 9:41 PM UTC

lisbakke wrote: post #94

alephnan wrote: post #73

Earlier quoted context omitted.

> I'm tracking order positions with an in memory orderbook. Yes, but you still didn't address the question of what are you basing your claim of being the fastest off of.

What?

He asked you how you know your bot is the fastest, and if you can prove it.

Re: Coinbase releases professional trading platform for institutional clients

#97

Post by lisbakke » Wed, May 16, 2018, 10:34 PM UTC

tqkxzugoaupvwqr wrote: post #96

lisbakke wrote: post #94

Earlier quoted context omitted.

What?

He asked you how you know your bot is the fastest, and if you can prove it.

I answered it already. When the spread changes my bot is the first one to the new best bid / ask.

Re: Coinbase releases professional trading platform for institutional clients

#98

Post by hndamien » Thu, May 17, 2018, 6:29 AM UTC

sokoloff wrote: post #83

hndamien wrote: post #81

Earlier quoted context omitted.

Nothing stops an unaccredited investor betting the farm on Enron. If there is a less perceived risk, people will use more leverage. So all of this "protection" just amounts to restricted opportunity.

Several people went to federal prison and Arthur Anderson went out of business over the Enron shenanigans. This seems as much a deterrent as the Securites Act of 1934. If you’re willing to risk federal prison, you can solicit non-accredited investors for unregistered securities.

You are missing the point. Insert any publicly listed stock that tanked. How about a nice safe bank, like Lehman brothers?

Re: Coinbase releases professional trading platform for institutional clients

#99

Post by letstalkkkkk » Thu, May 17, 2018, 4:54 PM UTC

lisbakke wrote: post #65

Berone wrote: post #41

Earlier quoted context omitted.

Can you send me an email? I'm interested in talking with you

Sure, what's your email?

Hi, I've been into bitcoin since 2011, I got capital and I'm interested to talk, can you please add your email address to your profile? This way I'll be able to email you maybe we can help each other out:)

Thanks!

Re: Coinbase releases professional trading platform for institutional clients

#100

Post by Chris_Jay » Fri, May 18, 2018, 3:21 PM UTC

justboxing wrote: post #60

Chris_Jay wrote: post #48

Earlier quoted context omitted.

the simplest is to monitor prices on multiple exchanges and buy/sell depending on fluctuations.

You mean Exchange Arbitrage? There's already a 20 something kid doing this and claims to be making millions in profits.[1]. Asian exchanges typically have slightly higher prices than US and European exchanges. They also react a lot worse to bad news and go lower than in US, European exchanges. [1] Source: Stefan Qin, Virgil Capital founder on CNBC - https://www.cnbc.com/video/2018/02/27/one-hedge-fund-manager...

Plenty of people are doing it - that's why having the fastest bot is helpful.