Crypto Currency Thread
Discussion
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?http://uk.businessinsider.com/soros-fund-venrock-e...
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.
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?http://uk.businessinsider.com/soros-fund-venrock-e...
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 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.Interesting article about possible consolidation among BitCoin miners.
https://www.bloomberg.com/news/articles/2018-04-18...
https://www.bloomberg.com/news/articles/2018-04-18...
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. https://www.bloomberg.com/news/articles/2018-04-18...
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.
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.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.
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.
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.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.
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.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.
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.
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