Tyrone Biggums
Well-known member
And yet it can still make 20% return, all the while some low expectation gimps think a 2% return is something remarkable.
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[Finance] The cryptocurrency (Bitcoin etc) thread
- Thread starter Sirius76
- Start date
And yet it can still make 20% return, all the while some low expectation gimps think a 2% return is something remarkable.
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 36,032
i've looked at what the bot is doing. its not risk free, it's arbitrage between spot price and perp price offsetting funding rates (the betting with other peoples money part). place a long and short on same token and assume they'll be delta neutral, with positive funding making the profit. the main risk with this is being caught out by a sudden move that your position doesnt correct for. large players may avoid the strategy because they might not get their position closed without moving their other position against themself.
obviously you'd leave this well alone, there are people out there making a living off this stuff. personaly i avoid this sort of thing as i cant be arsed tracking the mini transactions for tax.
schmunk
Why oh why oh why?
It only makes a 20% return if you win EVERY TIME, and you don't. Nobody does.
Tyrone Biggums
Well-known member
But you don't need to win every time to make a 2% gain on your money do you.
Given that there's people here who think making between 2-5% return is something mind blowingly unrealistic it's a wonder they believe Bloom could have made large parts of his fortunes from betting.
Or do you think it's not possible to make a 2% weekly return on your money?
Anyone for real world use cases? Two in one day from Hedera, with the Hyundai one in particular pushing up the Hbar price.
Well who could have seen this one coming?
‘Bored Apes’ investors sue Sotheby’s, Paris Hilton and others as NFT prices collapse
https://edition.cnn.com/style/article/bored-apes-sothebys-lawsuit/index.html
Tom Hark Preston Park
Will Post For Cash
- Jul 6, 2003
- 72,404
Big surprise there then. What could possibly go wrong with paying stupid amounts of money for an URL that points to a JPEG of a computer-generated image of a cartoon monkey?
Knocky's Nose
Mon nez est retiré.
They'll become collectible in the future due to this, conversely. If I could pick Bored Apes up for a couple of hundred quid each I'd actually buy a few!Big surprise there then. What could possibly go wrong with paying stupid amounts of money for an URL that points to a JPEG of a computer-generated image of a cartoon monkey?
There will come a time when the next generation of art lovers will have an OLED screen in their house with these on, complete with some kind of 'Original NFT' graphic in the bottom corner to say they're the genuine and original owner - and it'll impress their friends...
- Oct 12, 2022
- 2,704
Alternatively their friends will point out that their telly’s got really bad burn-in, and the picture didn’t change even when they switched it off and switched it on again.
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Hove / Παρος
This absolutely will not happen
Knocky's Nose
Mon nez est retiré.
We'll just have to wait and see....
People said the internet would die off, and it was a fad. Never doubt technology - it's coming for us.
- Oct 12, 2022
- 2,704
Wot? I’ve never heard anyone argue that the internet would die off, even among the most technophobic of people.
I don’t doubt that if I searched the internet (oh, the irony) I could find a record of some foil hatted nutter’s prediction, but as “People said…” statements go, it’s a stretch. I suspect the internet is only just limbering up prior to showing us what it’s really capable of.
Sadly, what it’s really capable of is making all information mutable and therefore easily censored or altered, not to mention drowning us in so much irrelevant/misleading information that locating accurate information becomes searching for a needle in the proverbial haystack. Not to mention its potential misuse by governments and bad actors to manipulate entire populations. Ah well.
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Hove / Παρος
That's a bid of on odd comparison! The internet has immeasurable useful and practical applications. An NFT has absolutely none whatsoever.
Not going to go to the bother of finding it for you, but there is a Daily Mail article, which famously argued just that.
- Oct 12, 2022
- 2,704
I’m sorry, but Daily Mail is the very definition of foil-hatted loon as far as I’m concerned.
Knocky's Nose
Mon nez est retiré.
Okay... so what about an oil painting. A Monet, or a Constable... absolutely useless and impractical if you want to use it for something - yet worth millions of pounds.
Go figure, eh.
Tyrone Biggums
Well-known member
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 36,032
Luna is beyond dead. only way you'll see £1 would be through token swap doing 10000:1. the circulation exploded in the collapse for reasons i forget, that would have to be reversed. and why would anyone buy a dead coin for failed project? even as a meme coin it's gimmick is failed coin history.
Luna represents a problem for crypto. not what happened but the reponse and fact anyone would still hold it or think it might recover. this is people's money and effort tied up in something dead, that could be in something more productive. too much fragmentation and sky high valuations where the best prospect is catching a market wide bid to exit. we'd see better recovery if they died and capital consolidated elsewhere. too many projects chasing the same bid.
anyway, in the mean time i'm off to short LUNC.