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The worst of the counterparty risk will have to do with bucket shops, small independent sometimes legit broker dealers that offer access to anyone that opens an account in order to capture deposits and fees. From a trading perspective, clients there will be the dumbest of dumb money. They are attracted to the bucket shop by a salesman, or by the lowest deposit or experience requirements needed to get access to a product. Those folks will trade willy-nilly, without consideration or even knowledge of risk, a complicated volatile market soon to be absolutely dominated by smart money pros.
The time between trade entry and when their $400 or $2000 deposit is gone could be measured in seconds.
The firm will call and require more deposit JUST TO GET THE ACCOUNT UP TO ZERO. The trader might send in the money THAT DAY to cover firm counter-party obligations, or they might not. Firms have a net capital requirement that is not supposed to be violated. Read your futures trading agreement and the risk should be clear.
Secondly, i think a bug in Ether, made evaporate a significant amount of crypto currency
So it's not always stolen, and displaced from one wallet to another.
I know retail people are very bad at DRP and BCP, actually nobody does it.
While you can loose your bankcard or your credentials, you still have your money
if you loose your wallet, or the key, you could potentially loose your bitcoins
and they are "destroyed" if the data is not reconstructed
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
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Changing the subject slightly, at 12/18 12:08pm Central I see BTC on CME at 18755/18810 so lets say 18785.
Jan/Feb is 90/185, last trade 185, but lets say 135. (Feb premium). That means they are implying a 0.7% 1 month carry.
Jan/Mar last trade was 350. (Mar premium). That implies a 1.85% 2 month carry.
So if you hold physical bitcoins, you can hedge them in deferred months and the market is paying you approximately 0.5-0.9%/month extra. I suspect this implies something about the risk of holding actual Bitcoins. (Ohh and if you've bought bitcoins and they are still on exchange, then you don't hold physical bitcoins - they are just paper as well.)
I see a lot of activity lately and discussions as well, that would never be allowed in the way they happen in crypto land to happen in mainstream asset land...
Your are not allowed to 'talk things up'
You are not allowed to 'front run the news'
You are obliged to disclose your transactions..
It is estimated nearly 4 million Bitcoins are lost. Initially, when bitcoin started, I suspect that most stored their BTC on their computers and had little understanding of what phenomena it will grow to. Also, when people moved to a wallet and would be off by one digit, it is forever has gone.
Matt Z
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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