'...For many of them, including not a few on this boat, screwing over other people for your own gain is not just a side effect of economic philosophy, or proof of concept. It is a sacred calling. To them, the presence of thieves and Ponzi scheme dealers means the new free market is thriving.'
'...This is no less bonkers and a lot more good-hearted than the five talks I’ve just sat through where people in suits declared, and I am barely paraphrasing, that bitcoin will go up forever, taking everyone in the room with it until we leave this mortal plane and ascend into the ionosphere where ICOs rain chocolate money and there is no death.'
The sentiment charts are very interesting but I do not understand why 'we take a contrarian view to crowd sentiment'? Surely if everyone is buying then this means that price will go up? Please explain as I do not understand
SaltaLargo posted: The sentiment charts are very interesting but I do not understand why 'we take a contrarian view to crowd sentiment'? Surely if everyone is buying then this means that price will go up? Please explain as I do not understand
... this explains why there are usually buyers and sellers willing to participate at most price levels. If this was not the case, we would really just be witnessing large gaps and erratic price action. In fact, you should find merit in this case as you compare a liquid futures market to an illiquid one that has fewer participants. The illiquid markets will have more gaps and volatility with more unpredictable price action.
Nouriel Roubini @Nouriel 'Your pseudo logic is totally idiotic. Yes I am not a scatologist buying cans of shitcoins worth 0 or rather negative with their environmental externalities. It is an investment choice: I am not a masochist HODLer losing 95% of my wealth in a year. Get a life u conflicted lakey'
' In a very accurate review, the CFA Institute says of Bitcoin “Whatever it is, it is not a legitimate investment.” Indeed it is, and then some.
Ever since the pseudonymous and illusive inventor of Bitcoin unleashed what should perhaps be regarded as a rebellious tool for mavericks and anarchists to place a dark and indecipherable peer to peer economy into their untrained hands some 10 years ago, digital currency has left behind a trail of destruction in the form of disappearing virtual exchanges, illicit marketplace seizures, plundering of e-wallets by self-imposed, inexperienced and unregulated ‘exchange’ owners and jail sentences for ponzi and false token schemes.'
' The CFA Institute does not consider Bitcoin as an asset class at all, but instead marks it out as “too inefficient to be a currency.” '
' 'In my view” said one CFA Institute contributor, “most of those who invest in bitcoin are effectively participating in a pyramid scheme either as a future victim or a perpetrator. Some no doubt truly believe that bitcoin will function as a currency for enabling transactions, rather than a “store of value.” But I wonder whether such people truly understand economics, our monetary system, or our business environment.' '
'Just two months ago, Goldman Sachs proved FinanceFeeds correct in stating that it will never engage in any form of cryptocurrency trading.
At that time, we stated that this is enough proof that whilst blockchain-type technology can be institutionalized, digital assets cannot.'
'Simply, the binary options business was sitting tight and waiting, before doing what the orchestrators of most scams do, reinvent itself as something else which appears to be a ‘too good to miss’ opportunity, and in this case appearing innovative so that it catches the attention of the young bloggers and ‘tech’ publications to propagate it as the next big thing.
Airware – sarcastic software industry terminology used in the late 1990s for a non-existent product – could be an appropriate label for the latest buzzword that is proliferating the internet, that being ICO.'
'In terms of opinion, we would strongly advise not to enter into ICO schemes, or crypto-startups of any kind. Yes, Bitcoin may well be a commodity, however there is a huge difference between a properly managed, compliant FX firm in Britain, Australia or America, to a startup touting false tokens in a non-existent scheme to raise capital for a non-existent pipe dream, which when all is over and the money has been stolen, will reduce Bitcoin values to a point at which anyone trading them, broker or client, will catch a very severe cold.
If you as a retail broker want to take the word of a professional for it, simply make a call to one of the few genuine prime of prime brokerages, and see if you can get a liquidity channel for Bitcoin. Not a price feed, an actual liquidity channel where trades can be cleared at prime of prime level. The answer will be no.
FinanceFeeds reached out to senior executives at the firm concerned, and no response was provided.'
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UPOZORNĚNÍ NA VYSOKÉ RIZIKO: Obchodování s devizami přináší vysokou úroveň rizika, které nemusí být vhodné pro všechny investory.
Páka vytváří další rizika a ztráty. Než se rozhodnete obchodovat s devizami, důkladně zvažte své investiční cíle, úroveň zkušeností a toleranci vůči riziku.
Můžete přijít o část nebo všechny své počáteční investice. Neinvestujte peníze, které si nemůžete dovolit ztratit. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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