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Mr. Nice! posted:in forex trading it has been empirically shown that an automated loss-exit strategy is a net positive in the long run. however, this strategy is counter to natural human behavior. i would like to see this empirical study because as you've described it, it doesn't sound likely that it's accurate. forex is a negative-sum game (once you include the house's cut, like all commodities trading). so it seems much more likely to me that in the particular sample studied that was true, but that if you repeated the game in other samples you would get different results. that would be expected simply based on how you described it, the strategy's effectiveness would swing wildly based on how many rare "hits" you have in the sample size. the only way you can have a net positive strategy in a net negative game like forex is if you have an information advantage (not present here, but you can have it in other circumstances like blackjack card counting), or the other side has managed to develop a strategy provably worse than average and insists on using it (and that seems unlikely). after all if the study you're describing is true, goldman would code it into a bot and let the bot trade, as would its competitors, until all the profit from that strategy was squeezed out of the market.
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May 17, 2022 16:32
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market makers don't need bots because 1.) they get the spread and 2.) they can pre-trade any really big deals if they want [although a deal big enough to impact an actual currency is super rare nowadays]
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May 17, 2022 16:43
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evilweasel posted:i would like to see this empirical study because as you've described it, it doesn't sound likely that it's accurate. forex is a negative-sum game (once you include the house's cut, like all commodities trading). so it seems much more likely to me that in the particular sample studied that was true, but that if you repeated the game in other samples you would get different results. that would be expected simply based on how you described it, the strategy's effectiveness would swing wildly based on how many rare "hits" you have in the sample size. responded via pm rather than continuing a derail in the buttcoin thread.
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May 17, 2022 16:45
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forex trading is absolutely rigged either way. iirc deutsche bank and barclays (both in london) had a system going where they'd tip eachother off on currency movement, allowing both to absolutely clean up even in the event of a horrifyingly bad trade
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May 17, 2022 16:46
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I have funged your ape, pray that I do not funge it further
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May 17, 2022 16:49
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has any said "marky marks and the fungible bunch" yet?
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May 17, 2022 16:50
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Beeftweeter posted:forex trading is absolutely rigged either way. iirc deutsche bank and barclays (both in london) had a system going where they'd tip eachother off on currency movement, allowing both to absolutely clean up even in the event of a horrifyingly bad trade all gambling is rigged against the gambler.
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May 17, 2022 16:57
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Escape From Noise posted:Oh it's happening! lol e: also check out the link he posted to the NFT he bought https://opensea.io/assets/0x90ca8a3eb2574f937f514749ce619fdcca187d45/5900
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May 17, 2022 17:28
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Mr. Nice! posted:responded via pm rather than continuing a derail in the buttcoin thread.
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May 17, 2022 17:29
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Malloc Voidstar posted:https://www.gamblingapes.com/ lmao: 
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May 17, 2022 17:32
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shackleford posted:so it looks like about 9% of the tether market cap has been redeemed in the past week lol I never did get that 1500 dollars in tether out
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May 17, 2022 18:00
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Shageletic posted:lol I never did get that 1500 dollars in tether out hodl fool, don't be a weak handed bitch
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May 17, 2022 18:06
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Escape From Noise posted:Oh it's happening! pretty sure those "discrete background illustrations" are just a bunch of clip art lol
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May 17, 2022 19:13
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Gazpacho posted:
I'm the 107% APY
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May 17, 2022 19:28
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Escape From Noise posted:Oh it's happening! That loving monkey is high as balls
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May 17, 2022 19:30
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this is probably a dumb question but why do stable coins have an APY
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May 17, 2022 19:30
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Shame Boy posted:this is probably a dumb question but why do stable coins have an APY the theory of stablecoins is that they remain stable as a consequence of a set of overlapping incentives that produces free money
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May 17, 2022 19:33
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Shame Boy posted:this is probably a dumb question but why do stable coins have an APY there'd be no reason to hold them otherwise. part of the grift is "guaranteed" returns
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May 17, 2022 19:33
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Shame Boy posted:this is probably a dumb question but why do stable coins have an APY what's the point of anything if i don't get money for doing nothing with it?
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May 17, 2022 19:34
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The Wisest Moron posted:I'm the 107% APY goddamn, i missed this. isn't that coinbase's thing? they must be loving desperate, jfc
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May 17, 2022 19:36
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Shageletic posted:lol I never did get that 1500 dollars in tether out tbh, this is probably the best outcome you could have hoped for
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May 17, 2022 19:46
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wait… what? So someone gives $1 to PegCoin LLC and receive 1 pegcoin on the promise that by the end of the year, it will “yield” 2 pegcoins that you can redeem for $2. but if every pegcoin is backed by $1… where did pegcoin llc get the extra money to cover the yield? they can’t squeeze latecomers for ever-higher entry costs because the price of buying in doesn’t change!
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May 17, 2022 19:47
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better have two latecomers for every person they need to pay out, then literally just a ponzi scheme
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May 17, 2022 19:50
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lmao https://twitter.com/sethgreen/status/1526588358859759617?s=21&t=QK-m2JDVgLEupOq8u5BsyQ
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May 17, 2022 19:51
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Endless Mike posted:lmao  seth green is a lovely person and i am glad his apes got swiped
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May 17, 2022 19:53
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weird that he keeps claiming its his ape. the immutable blockchain says it's darkwing84's
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May 17, 2022 19:54
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not your keys, not your apes
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May 17, 2022 19:54
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https://twitter.com/CoinersTakingLs/status/1526540231561793538
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May 17, 2022 20:02
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https://twitter.com/pcgamer/status/1526633363351564288
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May 17, 2022 20:03
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Shame Boy posted:this is probably a dumb question but why do stable coins have an APY it's there so you can gauge the risk associated with each coin - reinventing government bonds and money market accounts, but way shittier once again
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May 17, 2022 20:05
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worst ever at ping-pong posted:wait… what? So someone gives $1 to PegCoin LLC and receive 1 pegcoin on the promise that by the end of the year, it will “yield” 2 pegcoins that you can redeem for $2. the way it "works" is you take you stable coin and you deposit it in a "protocol" where they lend it out and pay you the interest. for example, people were putting their ust into the anchor protocol which promised ponzi-esque returns. edit: also ust was never backed by anything and the supply wasn't fixed, so it was certainly possible that new ust could appear from thin air. HappyHippo fucked around with this message at 20:14 on May 17, 2022 |
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May 17, 2022 20:08
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the replies to that are funny too https://twitter.com/BillDungsroman/status/1526612452346974209
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May 17, 2022 20:13
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CommieGIR posted:The whole diamond hands thing is hilarious: Because trading is buying AND selling, not sitting on devalued assets. a pyramid topples on shifting sands that's why you need diamond hands
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May 17, 2022 20:14
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https://twitter.com/i/status/1526634106678824963 
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May 17, 2022 20:29
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https://twitter.com/mattbrownep/status/1526649837646659585?s=21&t=AOV6fT1uMyetVuq0U65nmg
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May 17, 2022 20:52
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Endless Mike posted:https://twitter.com/mattbrownep/status/1526649837646659585?s=21&t=AOV6fT1uMyetVuq0U65nmg I read that as UFC and was confused about the football part but not surprised. One of the UFC’s main sponsors is crypto.com and the organization is run by terrible people
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May 17, 2022 21:11
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Shame Boy posted:this is probably a dumb question but why do stable coins have an APY To attract fools. worst ever at ping-pong posted:wait… what? So someone gives $1 to PegCoin LLC and receive 1 pegcoin on the promise that by the end of the year, it will “yield” 2 pegcoins that you can redeem for $2. They invested the money on NFTs, other coins with better yields, and extremely good Chinese commercial paper. With the 10000x returns they get from those they give you a measly 1000% return or so. Cheap bastards trucutru fucked around with this message at 21:33 on May 17, 2022 |
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May 17, 2022 21:27
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HappyHippo posted:the way it "works" is you take you stable coin and you deposit it in a "protocol" where they lend it out and pay you the interest. for example, people were putting their ust into the anchor protocol which promised ponzi-esque returns. what i never get is who's supposed to be the other side of those loans, and what are they borrowing the money for?
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May 17, 2022 21:33
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flash loans to drain daos, apparently
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May 17, 2022 21:37
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Eeyo posted:what i never get is who's supposed to be the other side of those loans, and what are they borrowing the money for? alot of the time nobody is, they just mint new coins. yes this is a monumentally stupid way of providing interest
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May 17, 2022 21:52
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