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Strategies & Market Trends : Bitcoin -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (428)	12/19/2017 8:50:12 PM
From: Elroy	Read Replies (1) \| Respond to of 963

Investors have taken out Bitcoins worth around $1.7 billion to hold for themselves, to avoid paying Pantera’s 0.75 percent annual fees. I'll bet they were more concerned with the normal hedge fund 20% of profits fee. If this fund just bought Bitcoin, and held it, you've gotta wonder why an investor would want to pay a hedge fund level performance fee. The next major correction in the cryptos will shake out the weak funds and exchanges. Why? I would think a price dip would only hurt exchanges or funds that are leveraged.

To: Glenn Petersen who wrote (428)	12/19/2017 9:22:41 PM
From: Savant	1 Recommendation Recommended By Stock Puppy Respond to of 963

BTC dropped to 15,500 as people sold to buy into Bitcoincash....... which got 2 new listings...and ran to 9500 on GDAX

To: Glenn Petersen who wrote (428)	12/19/2017 10:27:28 PM
From: zax	2 Recommendations Recommended By Glenn Petersen kidl Read Replies (4) \| Respond to of 963

Hi Glenn, I did my very first two cryptocurrency trades today. This is pure speculation, and for my own educational purposes, as I'd no idea how to trade crypto before doing this. My discretionary / gambling / educational / speculative budget in this endeavor is $500. With this budget: A) I bought 0.59756147 Etherium on Coinbase. B) I transferred the ETH in whole to Binance, ending up with $479.22 worth of ETH in the Binance account after fees. Coinbase has high fees if you buy with a credit card, but I'm just not prepared to link a real bank account to my discretionary learning exercise. C) On Binance, I traded the Etherium for IOTA, which is the cryptocurrency that I'm finding interesting for holding for a while. Binance is one of the only places where one can trade in IOTA. After the Binance fees, I ended up with 96.903 MIOTA (million IOTA). There was 0.00564298 ETH left in the ETH holdings after the transaction, even though I'd requested a "100%" trade of my ETH holdings; I can only guess they couldn't trade the whole lot due to rounding or something...? I'll let you know how it pans out. As I write this note, the "value" of my speculative $500 investment is $477.97, roughly an hour after these two transactions. This issues are highly volatile. Wish me a fun ride, whichever direction it may go. :) Regards, -- Zax