Bitcoin's and the future of online banking - Page 58

On February 11 2021 13:24 hiems wrote: dxy =/= inflation

had assumed by "inflation in the dollar" baal meant depreciation of the dollar

On February 11 2021 14:42 Ket wrote: Show nested quote + On February 11 2021 13:24 hiems wrote: dxy =/= inflation had assumed by "inflation in the dollar" baal meant depreciation of the dollar

ic yeah i dont actually know much just been messing around in the markets lately like alot of people.

On February 11 2021 14:42 Ket wrote: Show nested quote + On February 11 2021 13:24 hiems wrote: dxy =/= inflation had assumed by "inflation in the dollar" baal meant depreciation of the dollar

Well inflation is usually easy to measure by depreciation of currency, but I guess it doesn't apply if other currencies also depreciate and its only reflected in purchasing power which isn't as practical to measure.

https://www.investopedia.com/articles/forex/09/factors-drive-american-dollar.asp

I'm not an expert but I thought the dollar or dxy in this case is affected by other stuff too other than relative currency strength.

From what I understand the dxy spiked higher against all currencies at the start of the pandemic due to something to do with the dollar being a settlement currency for alot of the trade/financial contracts that happens around the world.

I was also under the impression that dxy falling also had to do with the strength of emerging markets/East asian stock indices such as Vietnam and Taiwan/South Korea relative to the US as global investors invest in countries better positioned coming out of covid. (I realize those countries are not in the dxy basket)

Maybe Ket knows whether this is right or not. Like I said before I'm just learning casually.

EM currencies definitely swing around wildly relative to USD depending on market risk-on/risk-off and that in turn does crazy volatile stuff to their economies but that's more like little moons orbiting a sun. dollar def spiked higher in March vs all assets (including gold and bitcoin) for a brief "oh shi" moment when it overnight became obvious this virus is going pandemic - saw similar in 2008 GFC too. Dollar is a safe haven and goes up on flights to safety. also im not convinced anyone has any repeatable edge trading fx, certainly not me so i spend almost no time thinking about this and so you shouldn't treat anything i say about fx as likely factual (and probably should be the same even if i did claim to spend a lot of time thinking about fx)

also just gonna be sidestepping these 'heated arguments on the internet'.. srsly gents.. why?!

btw didnt you go back to lawschool, why are you talking about finance?

Bitcoin has seen a real rally in the past few months, only to collapse again: In just three months, its price tripled - only to later lose almost a third again. Nevertheless, the digital currency now seems to be acceptable to payment service providers and investors.

On February 16 2021 06:05 Baalim wrote: btw didnt you go back to lawschool, why are you talking about finance?

lawschool? nope not me

yall want to make a defacto liquidpoker trading thread?

we could just use this one too.

On February 16 2021 13:21 hiems wrote: yall want to make a defacto liquidpoker trading thread? we could just use this one too.

Good idea, I could just post what I'm thinking of trading in crypto then all of you can go on the other side of the bet and become millionaires easily

On February 16 2021 22:52 Spitfiree wrote: Show nested quote + On February 16 2021 13:21 hiems wrote: yall want to make a defacto liquidpoker trading thread? we could just use this one too. Good idea, I could just post what I'm thinking of trading in crypto then all of you can go on the other side of the bet and become millionaires easily

LOL true true. kind of like with the politics thread.

you are finally catching on AW.

On February 16 2021 12:01 Ket wrote: Show nested quote + On February 16 2021 06:05 Baalim wrote: btw didnt you go back to lawschool, why are you talking about finance? lawschool? nope not me

wasn't it law? what was it then?

On February 16 2021 23:43 hiems wrote: Show nested quote + On February 16 2021 22:52 Spitfiree wrote:   On February 16 2021 13:21 hiems wrote: yall want to make a defacto liquidpoker trading thread? we could just use this one too. Good idea, I could just post what I'm thinking of trading in crypto then all of you can go on the other side of the bet and become millionaires easily LOL true true. kind of like with the politics thread. you are finally catching on AW.

good try

Unlike politics thread my track record trading is pretty bad

On February 17 2021 03:34 Baalim wrote: Show nested quote + On February 16 2021 12:01 Ket wrote:   On February 16 2021 06:05 Baalim wrote: btw didnt you go back to lawschool, why are you talking about finance? lawschool? nope not me wasn't it law? what was it then?

says on his linkedin he is a cfa/equity analyst.

On February 17 2021 07:55 Spitfiree wrote: Show nested quote + On February 16 2021 23:43 hiems wrote:   On February 16 2021 22:52 Spitfiree wrote:   On February 16 2021 13:21 hiems wrote: yall want to make a defacto liquidpoker trading thread? we could just use this one too. Good idea, I could just post what I'm thinking of trading in crypto then all of you can go on the other side of the bet and become millionaires easily LOL true true. kind of like with the politics thread. you are finally catching on AW. good try Unlike politics thread my track record trading is pretty bad

LOL it is very unfortunate the politics thread doesnt come with some sort of results tracker / graph.

Hi guys, how can I buy crypto from China? So tilt

https://cbeci.org/cbeci/comparisons

gone up to 0.59% of world energy use now.

On March 02 2021 07:12 Stroggoz wrote: https://cbeci.org/cbeci/comparisons gone up to 0.59% of world energy use now.

That number is astounding.

Its important to point out that given how energy is the main expense for miners they very often produce their own energy through renewables.

Opportunity cost though, renewables could be done for something else. This is a very serious design flaw in bitcoin mining and honestly, it is rent-seeking. There are enough bitcoins out there and mining the last small % of them doesn't add anything to the currency from what i can tell?

Between 20-70% is renewable according to the site. Are there other cryptocurrencies that don't cost the world to mint or is this just a design feature in all of them? I would'nt be too suprised if there was some international agreement amoung nations to stop bitcoin mining at some very near point in the future, especially if there is another price spike, (or China specifically cracks down on it, since they are the ones using coal to mine coins).