Tag Archives: Hype

hype from fiction of popular Bitcoin and crypto currency exchanges

I have put together a 20 minute video explaining how I plan to move ahead with this crypto currency trading confusion. It seems the withdrawal out of certain exchanges can get sort of hairy. Watch my video here for your thoughts:
See the links of video here http://quantlabs.net/blog/2017/12/separating-the-hype-from-fiction-of-popular-bitcoin-and-crypto-currency-exchanges/
Here are some recent comments from the video so far:

 

Hey Bryan, thanks for the vid! I started trading with crypto a couple weeks ago and finding some “AH-HA” moments that has costed me some coins in the process. No biggie… I agree, I read some opinions online regarding Bitfinex that had me stay away from it. Regarding IOTA, I been getting conflicting reviews that, again, has me on the sidelines with this coin and just watching it for now. What are your thoughts on Cardano (ADA)? Let me know what your take on this coin. As always, your input on things is always appreciated. Cheers!

 

…You are right that Bitcoin withdrawals can sometimes take a few hours (usually around 30 mins), but let’s put that into perspective….

 

 

What is your throught on all this?
Did you know the Bitcoin future contracts crashed after breaking the circuit from the 20+% move last night?

Bitcoin futures debut crashes CBOE website while tracking S and P 500 peak return  Check out the links here (Free membership required)

What is your throught on all this?

Thanks for reading

Bryan

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Separating the hype from fiction of popular Bitcoin and crypto currency exchanges

Separating the hype from fiction of popular Bitcoin and crypto currency exchanges

Linked used in this 20 minute video/podcast

https://www.bloomberg.com/news/articles/2017-11-21/tether-theft-isn-t-the-first-controversy-for-cryptocurrency-firm

https://www.bloomberg.com/news/articles/2017-11-30/bitcoin-recovers-from-sudden-selloff-as-large-swings-persist

https://www.moneyweb.co.za/news/markets/bitcoin-falls-after-31m-theft-of-cryptocurrency-tether/

https://www.cryptocompare.com/exchanges/bitfinex/reviews

https://www.bloomberg.com/news/articles/2017-12-05/mystery-shrouds-tether-and-its-links-to-biggest-bitcoin-exchange

Reliable Bitcoin exchanges chosen by CME CBOE for future market

PROOF: IOTA’s Partnerships With Big Tech Not Real

https://news.bitcoin.com/police-posted-at-bithumb-as-users-file-lawsuit-after-server-outage-costs-millions/

https://coinmarketcap.com/exchanges/volume/24-hour/

https://github.com/ccxt/ccxt

 

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Hft Banks on the media’s hype of Faebook in a last ditch error to…

Hft Banks on the media’s hype of Faebook in a last ditch error to…

calibratedconfidence.com

HFT and The Facebook IPO

Yeah more HFT trolling. FB was in a hft “tractor beam” until it wasnt. Traders leaning on large size at an obvoius price support. Yeah its smart when you do it, but god forbid some else who know hows to program does it.
so HFT doesnt add to price discovery, until it does and FB trades around its target, which is bad, since ipos need to have wild swings so we can relive netscape all over again.
yeah i used to be concerned about these hft critics until now

 

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I used to be concerned with critics like you until I wasn’t. Feel free to refer me to your published material that supports your view because historically, you’ve only gone on diatribes in the comment section of other peoples published material. Who’s the troll here?

 

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In October I’m giving a presentation on “Trading US Equity Microstructure” at NYU Courant. I’ll should be able to make this available. I need to make it NDA friendly first.
Warning, it won’t be a bunch of plots of guys spinning quotes, or illustrating some freakish occurrence in the market, or a “debate” on whether HFT is good or not.
It will be rather unexciting stuff actually — SORs, rule 611, wotr ratio, fee structure, port options, self-match prevention, latency tails, dark liquidity ,etc.

I suppose I could blog myself, but I’m more busy actually putting risk behind my analysis, and not trying to prove a point in the blogosphere

 

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I expected you to respond like that. thanks for defending your view point. I’ll keep sharing my evidence here. I’ll look for you in the peanut gallery, backing away from the opportunity to defend your view while taking stabs at me with claims like “actually putting risk behind my analysis”.

 

Huh? How is that a stab at you? Most of this “analysis” comes from Nanex, which is a historical data provider. They look at a bunch of data which only represents a small fraction of the market. Its like the old joke
“Can you help me find my keys?”
“Sure where did you lose them?”
” over there ”
“Why are you looking here then?”
” the light is better”

Nanex sifts through lots of quotes, lokking for a conspiracy. They dont put any capital in the market ,and only try to understand whats happening by putting up a lot of visuals, because that get most visceral response. But the least understanding.
Like I said, there are a number of books out there with a more sober view of HFT.

 

What is the wotr ratio?

 

WOTR==weighted order to trade ratio. A measure of cancels to fills, weighted by how many ticks tou are away from the NBBO. A really high number, like 100 or so, the exchange will penalize you. I try to keep a ratio in the single digits.

 

when is your presentation? Please send me a link for the paper when it’s ready.

 

HOW DO YOU START A PROFITABLE TRADING BUSINESS? Read more NOW >>>

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Facebook IPO Hype

Facebook IPO Hype

all this talk has reminded me of a piece we wrote back in November…

The Truth Behind Facebook IPO?

nextcandle.com

A promising investment or just another bandwagon? Facebook, the social network giant, plans to make an initial public offering in early 2012.

 

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The underwriting firms always stack things in their favor – they pick the timing, they get their public relations machine going, they build the hype. It is important to remember that if things are stacked in their favor, they aren’t stacked in yours.

One way of looking at a $100 billion valuation is that on average each of their members has a present value of earnings of $125 ($100 B / .8B users).

In present value revenue terms (assuming profit margin of 25%) this is $500. It’s worth noting that it can be any kind of revenue, doesn’t have to advertising, although that is their main one currently, and the one I’ll focus on.

Very roughly, over the course of 10 years with a discount rate of 12%, this equals payments of about $900.

At a dollar an ad that would be of course 900 ads you’d click through, or 90 ads per year.

There are a lot of simplifying assumptions here, but the purpose is just to do a rough reality check.

A question to ask yourself (and other people) is, “do you click facebook ads?”

I don’t personally and I had very poor results with an advertising program I ran on facebook (although similar programs had good results on linkedin and google). So for me, I get an initial “fail” on the $100 B valuation.

I consider facebook to be a great, even a phenomenal company, but a bad investment at that valuation.

 

 

HOW DO YOU START A PROFITABLE TRADING BUSINESS? Read more NOW >>>

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!