GrandPapillon
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Posts posted by GrandPapillon
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4 hours ago, fdsa said:
and the bank staff said they could not send the money because they want to see a printed invoice from the party I was sending to
yep, new regulation from SWIFT, a PITA
but using crypto to replace a broken system with another insecure broken system like cryptos is not an option either
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3 minutes ago, spidermike007 said:The app clearly states the name of the account holder, prior to transfer
you are assuming she can read but probably can't ????
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1 hour ago, Neeranam said:
Here is a rocket scientist explaining Bitcoin's use and value.
that guy is simply not there, what a loon, listen to last 10min, it's hilarious ????
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2 hours ago, fdsa said:
And when you need to pay a $100 invoice via SWIFT you are happy to pay $50 in fees.
more like $25, but who is silly enough to do a $100 transfer with SWIFT? nobody :)
you pay with a credit card, like normal people do :p
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3 hours ago, Neeranam said:I bet you don't like using a mobile phone ????
mobile phones are useful, cryptos are worthless ????
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5 hours ago, lkn said:
I am just asking what it does, where the value comes from, what these use-cases are, and the response is: You just don’t understand.
"You just don't understand" is actually a translation of "I have no answer" ????
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10 hours ago, lkn said:tell us how you can determine if the current price is fair, or what it is based on!
I can tell you how it is determined, the number of suckers falling for it ????
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I suggest Crypto gurus should read a few books on market pricing models, learn what is a unit root and a random walk, what is a mean reversion trend etc... etc...
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6 minutes ago, ThailandRyan said:Again that is your view. Plenty if charts, graphs and the like out there so you can see as well as volume and so on. If you want to believe it's all based on linking your finger and sticking it in the air as a litmus test your again not looking correctly.
Many of them out there if your a new to trading trader.
it's all BS stats and graph, that's what the crypto genius keep missing and they are going to learn the hard way now
simply the maths doesn't work when you have volatility that goes 4 standard deviation in a month, mathematically it's all BS.
You are better off watching those "buy me too" videos ????
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4 hours ago, warrima said:
Ye really cant fix stupid. Trusting a waiter who would say anything just to move ye on. Then gulfing it down without confirming. Darwinism right there.
yeah was going to say the same, why would you believe anything the clueless staff is saying when their default mode is to agree with anything you say just so they don't have to think about an answer ????
"does this salad has sea food?"
"No ploblem" ????
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1 minute ago, ThailandRyan said:Again your talking out your tush. Research for crypto is the same as stocks. If you believe in the hype videos and Twitter you will get burned.
there is no research for cryptos, that's what you keep missing. At best it's a white paper (aka marketing brochure) selling some BS story out of thin air that only a fool could believe.
as for "pricing research", there is no continuous tape and price transparency, it's all "Exchange owned", so analysis techniques for securities with outrageous volatility doesn't work.
The pricing models are extremely weak and prone to "random walk" bias (aka unit root in stats talk)
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1 hour ago, Gecko123 said:
It's very difficult for me to understand why you are talking about risk management considering it is almost impossible to put a fair valuation on a crypto currency. Your comment that most of the information available to retail investors is outdated only underscores my contention that crypto bulls claiming to have thoroughly researched the crypto space and to understand the risks involved may be overly confident.
nicely put and amen to that,
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4 hours ago, Gecko123 said:Here's something else I don't get...
I keep hearing about DYOR, and being dismissed as someone who "hasn't done his research."
research in crypto speak means to drink the KoolAid and watch some silly YouTube videos how some random dude you know nothing about made a billion in 2 weeks ????
Sold! ????
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4 hours ago, Adumbration said:
I had a consultancy that focussed upon risk management. I am therefore immune to the pifle the doom and gloomers are posting here about crypto risk.
as believable as Madoff himself ????
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1 hour ago, Walker88 said:
so somebody who thinks the have a stop at, say $27,000, might see the first print at $15,000, never having traded at $27K. Just because someone has a stop, if bids evaporate, the stop is meaningless and is executed at best bid.
those bitcoins gurus without any prior trading experiences on "regulated" markets need to get that, putting a stop is not a guarantee it will work. It might work for a very liquid security but not for one with a huge bid/ask spread.
When you don't really know who is doing the bid/ask in those "unregulated" exchanges, you can bet that those bid/ask will change dramatically when things start to go sour. This happens a lot in Equity "Options" markets since they work in market sillos, exactly like the crypto exchanges.
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5 hours ago, Neeranam said:
I maybe have asked once.
I want to buy a second house in Hua Hin. Obviously I don't want to use my prime crypto assets when I am getting 12-100% apr on them.
I'm looking at getting a mortgage at 2.99 %. Obviously, I want to borrow as much as I can, it's not rocket science.
dude, you need to watch that Netflix series: Trust No One ????
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1 hour ago, Walker88 said:
How is some little retail guy going to do proper risk management?
they could start with basic "asset" diversification and equal weighted allocation among assets, and then watching assets when they go down 10% or go above 50% to rebalance
quite simple actually, but people are lazy ????
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10 minutes ago, ThailandRyan said:Sad that you believe this, it means you have no true perspective, however you could say the same about stocks.......
if you had a bit more experience with financial matters and the financial markets, you would know that the analogy to "ponzi" is right on the mark.
Sad to see that some boomers seem to miss this and drank the KoolAid with the younger crowd. At least Millennials have an excuse for their ignorance.
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3 minutes ago, ThailandRyan said:So it is just millennial and no other groups of investors....hmmm
Boomer here.
semi-retired boomers who didn't make enough with real work, yeah them too ????
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23 minutes ago, itsari said:Gold and silver are used in industry to produce products .
Crypto currencies are used for producing nothing but hope
disagree, cryptos produce hope for those millennials not looking for hard work ????
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3 hours ago, Walker88 said:
I do rather enjoy how many day trading geniuses have suddenly appeared, and enjoy even more their rationalizations for watching a position fall 60%, but say "I'm still ahead". Had I left that much money on the table of any trade I did in my career, I would have fired myself.
amen to that ????
Crypto Crashes
in Jobs, Economy, Banking, Business, Investments
get a better bank, problem solved. Could have used WISE also.