Crypto Currency Thread

[Badda]

syko89 said:

...exit scam...partnered with Pornhub!...

Dumping...short it?..another pump since...the real dump then.

[footnote]

Such 'investments'!

[CzechItOut]

hallion said:

Institutional money flowing in is what will lead to the long term growth IMO. This seems quite significant:

http://uk.businessinsider.com/soros-fund-venrock-e...

If institutions ever enter the market, will they be buying to hold like the rest of us or will they be looking to exploit the many inefficiencies in the market?

For example, the prices on the various exchanges vary significantly. Couple this with currency differences means substantial opportunities for arbitrage. Similarly, an exchange backed by a major investment bank could easily corner the market.

These are the kind of opportunities that institutional money will be looking for.

[tertius]

CzechItOut said:

hallion said:

Institutional money flowing in is what will lead to the long term growth IMO. This seems quite significant:

http://uk.businessinsider.com/soros-fund-venrock-e...

If institutions ever enter the market, will they be buying to hold like the rest of us or will they be looking to exploit the many inefficiencies in the market?

For example, the prices on the various exchanges vary significantly. Couple this with currency differences means substantial opportunities for arbitrage. Similarly, an exchange backed by a major investment bank could easily corner the market.

These are the kind of opportunities that institutional money will be looking for.

I find it hard to believe that institutions will enter the market in any volume until it is reasonably regulated. Yes those arbitrage (and other ) opportunities exist, but as long as wash trading and front running is rife and cross market liquidity is so low it’s practically impossible to benefit from them (at worthwhile scale) and of course once you can benefit from them they will naturally disappear anyway.

[Behemoth]

tertius said:

I find it hard to believe that institutions will enter the market in any volume until it is reasonably regulated

It's worth defining institutions. Some limit this term to tightly government regulated pension funds, sovereign funds. Others stretch it to include family wealth funds / offices.

[CzechItOut]

Interesting article about possible consolidation among BitCoin miners.

https://www.bloomberg.com/news/articles/2018-04-18...

[Mousem40]

CzechItOut said:

Interesting article about possible consolidation among BitCoin miners.

https://www.bloomberg.com/news/articles/2018-04-18...

It's a very simplistic article. It's not just about bitcoin's price. It's also about difficulty, and mining machine efficiency.

If price stayed above 8,000 but difficulty continued at it's current rate even 8,000 won't be enough (more consolidation)

Bitmain (who make the most efficient miner) have recently dumped the price of their best ASIC by more than half as well as giving almost 50% off vouchers to their existing customers on top of that. (Decreasing risk of consolidation). Rumours of them bringing out 12/10 or even 7nm chip based ASICs in the summer should help your average miner stay competitive. That's if they haven't switched on AsicBoost to help with their hashing rate.

[Behemoth]

Mousem40 said:

It's a very simplistic article. It's not just about bitcoin's price. It's also about difficulty, and mining machine efficiency.

If price stayed above 8,000 but difficulty continued at it's current rate even 8,000 won't be enough (more consolidation)

Bitmain (who make the most efficient miner) have recently dumped the price of their best ASIC by more than half as well as giving almost 50% off vouchers to their existing customers on top of that. (Decreasing risk of consolidation). Rumours of them bringing out 12/10 or even 7nm chip based ASICs in the summer should help your average miner stay competitive. That's if they haven't switched on AsicBoost to help with their hashing rate.

Indeed. It's a nonsense piece. As well as ignoring difficulty (the prime error), it assumes all costs are equal for the majority of miners, which is clearly not the case. Power costs, ammortisation of hardware, office/server farm space rent etc all vary, not to mention the efficiency of the hardware itself which is always on the march.

Bitmain no longer makes the most efficient miner, btw. Those laurels now go to Halong with their Dragonmint. It'll change again before too long. I read Samsung is getting into the space.

[Puzzles]

I sold all my CC, was slightly up so thought I'd get out, too risky for me I decided.

[g4ry13]

Puzzles said:

I sold all my CC, was slightly up so thought I'd get out, too risky for me I decided.

Probably getting out at the wrong time when things are going back up but we have to make our own decisions.

[Condi]

Behemoth said:

tertius said:

I find it hard to believe that institutions will enter the market in any volume until it is reasonably regulated

It's worth defining institutions. Some limit this term to tightly government regulated pension funds, sovereign funds. Others stretch it to include family wealth funds / offices.

Any regulated institution is simply not allowed to use any CC for transferring value (ie as 'money'). Even trading it throws up so many regulatory problems and any due diligence on their counter-parties would be damm near impossible unless you're trading across one of the few futures exchanges. It will stay niche and the only people wanting the risk will be long or short ETF's, which are only a proxy for the underlying rather than a traded instrument. Ive not seen a bitcoin fund which allows the traders to trade and increase value up or down.

Family wealth funds are negligible in volume and size in the overall market, anyone with enough money to need a family wealth fund is more than likely to give it to a regulated business to deal with day-to-day anyway.

[g4ry13]

Condi said:

Behemoth said:

tertius said:

I find it hard to believe that institutions will enter the market in any volume until it is reasonably regulated

It's worth defining institutions. Some limit this term to tightly government regulated pension funds, sovereign funds. Others stretch it to include family wealth funds / offices.

Any regulated institution is simply not allowed to use any CC for transferring value (ie as 'money'). Even trading it throws up so many regulatory problems and any due diligence on their counter-parties would be damm near impossible unless you're trading across one of the few futures exchanges. It will stay niche and the only people wanting the risk will be long or short ETF's, which are only a proxy for the underlying rather than a traded instrument. Ive not seen a bitcoin fund which allows the traders to trade and increase value up or down.

Family wealth funds are negligible in volume and size in the overall market, anyone with enough money to need a family wealth fund is more than likely to give it to a regulated business to deal with day-to-day anyway.

Moneygram and Ripple?

[Behemoth]

Condi said:

Any regulated institution is simply not allowed to use any CC for transferring value (ie as 'money').

Agreed for highly regulated jurisdictions.

The crypto space is still tiny, so family offices would have a relatively higher impact.

I read that Soros is dipping a toe, but I don't know the specifics of his Soros Fund Management & how that's regulated.

[Mousem40]

All the Fomoistas will be piling in again preparing for 'When Lambo, When Moon' time kicking themselves at having not bought more at $6,500. Could get ugly

[anonymous-user]

Seems to be holding strong, any reason?

[dimots]

Because it’s a formidable technological achievement that offers huge value to society and this is your last chance to buy into it at a price with 4 figures?

[tumble dryer]

dimots said:

Because it’s a formidable technological achievement that offers huge value to society and this is your last chance to buy into it at a price with 4 figures?

.....said Martin Lewis in a Facebook ad.

[anonymous-user]

One thing I noticed is btc market share keeps dropping monthly.

[Guvernator]

All my holdings are nicely back in the green and I really have no idea why. A friend whose been into crypto for a while says you get a big dip every financial year end but I just can't fathom why that should be.

Should have listened to him and bought some more.

[anonymous-user]

Very weird btc dropped 2 market dominance some big moves elsewhere, EOS especially.

Looks like 2018 could potentially see btc lose its crown?

[JustinF]

Thesprucegoose said:

Very weird btc dropped 2 market dominance some big moves elsewhere, EOS especially.

Looks like 2018 could potentially see btc lose its crown?

Some of the smaller ones are making stride but EOS is barely 11% of BTC MArket Cap, even ETH is less than half BTC