31–40 of 129 posts
Earlier quoted context omitted.
Even market orders on highly liquid, perfectly well-understood things like forex can bite you in the ass; see all the levered people who got wiped out when Switzerland dropped their peg to the Euro. Stop orders on cryptocurrency are just pure idiocy.
I'm not following why stop orders on Crypto are idiocy?
this is only "possible" because etherium has even less real value than btc. btc still have intrinsic value as it is traded for chinese expating money, scared Venezuelans, American weekend drug users, etc. etherium exists for the sole purpose of playing investing with btc. everyone I know who owns etherium bought after they decided to buy btc and got a price hike on their investment so they flip btc and etherium inste…
While I somewhat empathize with all those use cases (not the drug users), especially in the totalitarian world we inhabit, I don't think a money system based on black market transactions is going to survive. Weekend drug users, indeed! Fact: Venezualans screwed themselves because they were too dumb to know that Marxism sucks. Fact: The Chinese avoid doing the hard work of reforming their nation and instead allow a fa…
this is only "possible" because etherium has even less real value than btc. btc still have intrinsic value as it is traded for chinese expating money, scared Venezuelans, American weekend drug users, etc. etherium exists for the sole purpose of playing investing with btc. everyone I know who owns etherium bought after they decided to buy btc and got a price hike on their investment so they flip btc and etherium inste…
ethereum has 70% of the market cap of bitcoin. it's worth more than bitcoin was worth ~3 months ago
It takes two to tango. A lot of people lost a lof money because they got margin called at ~$2 for a commodity that is worth ~$300. https://twitter.com/elnygren/status/877660177406865408 On the other hand, a lot of people made a lot money since there are buy orders that wen through at less than 1% of the real price.
Is there any risk or downside to this? Seems like buying a lottery ticket for free.
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[1] ... or someboy fat-fingers an order - although I think in that case I think still the higher bidders would win, wouldn't they?
Earlier quoted context omitted.
ethereum has 70% of the market cap of bitcoin. it's worth more than bitcoin was worth ~3 months ago
market cap is worthless when we talk about fiat currency.
market cap is useful in that it shows the total value of the coin. Comparing the price of 1BTC to 1ETH doesn't make sense, but comparing their market cap does
I wish they would all crash and stay crashed so GPU prices will come down again ;-)
It takes two to tango. A lot of people lost a lof money because they got margin called at ~$2 for a commodity that is worth ~$300. https://twitter.com/elnygren/status/877660177406865408 On the other hand, a lot of people made a lot money since there are buy orders that wen through at less than 1% of the real price.
Wait, so basically I could create a buy order for $2, leave it sitting there, and wait until there is another crash [1]? If there is no crash, then nothing happens. For good measure, do it for every currency on the exchange. Is there any risk or downside to this? Seems like buying a lottery ticket for free. ---- [1] ... or someboy fat-fingers an order - although I think in that case I think still the higher bidders w…
It takes two to tango. A lot of people lost a lof money because they got margin called at ~$2 for a commodity that is worth ~$300. https://twitter.com/elnygren/status/877660177406865408 On the other hand, a lot of people made a lot money since there are buy orders that wen through at less than 1% of the real price.
Wait, so basically I could create a buy order for $2, leave it sitting there, and wait until there is another crash [1]? If there is no crash, then nothing happens. For good measure, do it for every currency on the exchange. Is there any risk or downside to this? Seems like buying a lottery ticket for free. ---- [1] ... or someboy fat-fingers an order - although I think in that case I think still the higher bidders w…
Some exchanges do put price bands on some items. Also some exchanges have trading halts when certain price points get hit.
It takes two to tango. A lot of people lost a lof money because they got margin called at ~$2 for a commodity that is worth ~$300. https://twitter.com/elnygren/status/877660177406865408 On the other hand, a lot of people made a lot money since there are buy orders that wen through at less than 1% of the real price.
Wait, so basically I could create a buy order for $2, leave it sitting there, and wait until there is another crash [1]? If there is no crash, then nothing happens. For good measure, do it for every currency on the exchange. Is there any risk or downside to this? Seems like buying a lottery ticket for free. ---- [1] ... or someboy fat-fingers an order - although I think in that case I think still the higher bidders w…