Is "arm the homeless" still a thing? On Nov 7, 2013 10:30 PM, "Ian Trump" <itr...@octopitech.com> wrote:
> I'll have 50.00 dollars for you to experiment with Bitcoin investments on > saturday Mark. Ever since I found out "Guns for Africa" was not a legit > charity I've been wondering what to do with my monthly contribution. > > Sent from my iPad > > On 2013-11-07, at 11:31, "Mark Jenkins" <m...@parit.ca> wrote: > > > On 11/07/13 10:32, Rylaan Gimby wrote: > >> Wait until after this peak, since historically it dropped quite a bit > >> after the spike last time. Then speak with one of the bitcoin people at > >> the space. > > > > There will be corrections no doubt, but with the market being more > mature then before who knows who how deep these will actually go and at > what pace of restoration (if any) thereafter. > > > > Naturally there will always be somebody with a good call in hindsight. > > > > The only call I'm making is to hold long term a consistent small amount > I can afford to lose relative for the risk, no panic buys, no panic sells. > > > > If anyone wants to call it and put some of their own money on the idea > that the market will correct below the current level, there are fancy short > instruments you can acquire. There's a BTC/USD contract for difference > (CFD) available at 1broker.com where they're currently offering a 0.54% > *daily* (not annual!) interest rate to folks going short to offset the > folks going long. (was 0.32% daily for most of the last week or two). > They've got 1-5x leverage if you're feeling extra bear. > > > > And, only a 1 bitcent (0.01) minimum there, e.g. around $3. That's a > small enough amount that at that level I'd be totally willing to open up a > few positions of that size for folks I know here at skullspace such as > Rylaan and Chris on credit (e.g, owe me CAD) if you guys want to back your > calls with with a few promised loonies. > > > > Perhaps an irony, but the reference currency for going in and out at > that site is bitcoin itself. :) So kind of funny for any going short, you > bring a tiny amount of bitcoin, go short, market crashes below where you > entered, and withdraw more bitcoin then you brought in worth more in USD > then what you brought in.... > > > > If you use 1x leverage (smallest), your position will automatically be > worth zero and automatically close if and when the market doubles from > where you started. At 2x leverage you're dead when the price goes up 50%, > etc... > > > > And I mentioned that corrections happen fast. 1broker.com also has a > take-profit feature, so you can sleep at night knowing it will close out > where you want it to close out and hopefully catch the big crash. > > > > > > Mark > > _______________________________________________ > > SkullSpace Discuss Mailing List > > Help: http://www.skullspace.ca/wiki/index.php/Mailing_List#Discuss > > Archive: https://groups.google.com/group/skullspace-discuss-archive/ > _______________________________________________ > SkullSpace Discuss Mailing List > Help: http://www.skullspace.ca/wiki/index.php/Mailing_List#Discuss > Archive: https://groups.google.com/group/skullspace-discuss-archive/ >
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