I've also been testing out the volatility with automated trading scripts, trading on the dimes and nickles. Unlimited amounts of trades with no transaction fees and this much volatility is a dream land. I started trading 4 months ago and turned 10k into a little under 75k. I was a bit late to the game, but I can't imagine how much some of the other automated traders are making.
What does your script look for?
Long story short volatility between multiple exchanges and one or two candle stick patterns that seem to work for me.
Not in the least. Bitcoin has many uses, and is a fundamentally new technology. Naturally it's going thru the technology adoption life cycle and every few months/years it catches up to the wider levels of adoption and more mature use cases. It will become a currency when most of it has been mined and it's in widespread use and there aren't billions of people who have never heard of it... the price will stabilize then…
> Bitcoin has many uses, and is a fundamentally new technology. Naturally it's going thru the technology adoption life cycle and every few months/years it catches up to the wider levels of adoption and more mature use cases. I have literally only seen one use case where it makes more sense to use bitcoin than to use traditional currency exchanges and that is illegal markets. The downsides (hard to use, one way transa…
If you are buying something online internationally and there is an exchange rate tax, use Bitcoin. It's rare, but it happens. And it probably will more and more. Look at BitPay. It's pretty straight forward for a retailer if they want to be Kool.
There's a theory that people with enormous paper ETH gains are just diversifying by buying into all the ICOs. And the ICO "fortunes" are also on paper; I don't know if there's enough liquidity to sell the $500M per month that ICOs are bringing in.
What i don't get is how an eth token gets bought in eth, and creates millions of dollars of a new currency yet eths marketcap doesn't go down?
ICOs are probably best understood like companies, not currencies. As you observed, an ICO doesn't create any value since it's just moving ETH around. If the token value increases relative to ETH then you could say value has been created.
What i don't get is how an eth token gets bought in eth, and creates millions of dollars of a new currency yet eths marketcap doesn't go down?
ICOs are probably best understood like companies, not currencies. As you observed, an ICO doesn't create any value since it's just moving ETH around. If the token value increases relative to ETH then you could say value has been created.
How many companies do you know that issue new shares every hour?
The SEC guidance galvanized us on not offering tokens. Instead, we are going to offer shares directly in the company, even if they are mostly issued via an ERC20 contract. If we are going to get heat from the SEC, might as well go all out and issue proper shares. Plus tokens don't even make sense most of the time. You can't buy a Tesla car with TSLA and you do not get dividends/trading with a car. And no one outside…
I’m not particularly knowledgeable on the subject, but isn’t the purpose of the SEC to prevent unauthorized entities from selling securities — including company shares — to people?
You are correct. If we're going to violate SEC rules then we might as well do it right. Instead of dancing around the topic, using IP bans and a wink-wink-I'm-not-a-US-citizen box, issuing tokens for services that totally aren't investments, we'll just come right out and offer shares with dividends and voting. This was our plan all along, but the SEC guidance just made it more obviously correct one.
> [1] https://www.federalreserve.gov/bankinforeg/regdcg.htm > Disclaimer: I am not a lawyer. This is not legal nor securities advice. Look, we know. Only armchair financial enthusiasts use those disclaimers, and you've made it painfully obvious and its a bit contrived. Federal Reserve regulation D is not the SEC's regulation D that you talked about. Regulation D is not an applicable exemption, neither is Filecoin's u…
> Look, we know. Only armchair financial enthusiasts use those disclaimers No, anyone that doesn't want to be legally liable. If the other person could reasonably believe they have gotten legal advice, or a client-attorney relationship was establishes, then you might be liable. Before you say that this would be ridiculous to assume on an internet forum, be advised that many lawyers nowadays have websites, blogs, allo…
> Before you say that this would be ridiculous to assume on an internet forum
That guy on TV keeps telling me how awesome owning gold is... it is so awesome he wants to sell me his...
If they're selling pure gold at less than or equal to $800/oz then it's well worth it at this very moment with gold trading around $1200/oz right now. 50% profit ain't shabby.
Hmm, facts don't seem to be well-tolerated around here.
ICOs are probably best understood like companies, not currencies. As you observed, an ICO doesn't create any value since it's just moving ETH around. If the token value increases relative to ETH then you could say value has been created.
How many companies do you know that issue new shares every hour?
None, and neither do most ICOs. But that doesn't somehow make a token not a share.
> [1] https://www.federalreserve.gov/bankinforeg/regdcg.htm > Disclaimer: I am not a lawyer. This is not legal nor securities advice. Look, we know. Only armchair financial enthusiasts use those disclaimers, and you've made it painfully obvious and its a bit contrived. Federal Reserve regulation D is not the SEC's regulation D that you talked about. Regulation D is not an applicable exemption, neither is Filecoin's u…
> Look, we know. Only armchair financial enthusiasts use those disclaimers No, anyone that doesn't want to be legally liable. If the other person could reasonably believe they have gotten legal advice, or a client-attorney relationship was establishes, then you might be liable. Before you say that this would be ridiculous to assume on an internet forum, be advised that many lawyers nowadays have websites, blogs, allo…
It is still ridiculous. Just because some lawyers take on clients over the internet doesn't mean that you need to say 'I am not a lawyer' every time you discuss a legal question online. I have never seen a case of someone being successfully (or even unsuccessfully) sued for pseudonymous, general online legal commentary.
How many companies do you know that issue new shares every hour?
None, and neither do most ICOs. But that doesn't somehow make a token not a share.
Tezos, staus and filecoin all have inflating supplies, they are the biggest icos in history. Bancor is essentially uncapped in how many tokens can exist.