Re:Goldman Sachs Is Setting Up a Cryptocurrency Trading Desk
by dang on Friday December 22, 2017 @04:54AM
(#15986358)
Single-purpose accounts are not a good fit for HN and you've repeated this stuff several times already, so I've banned this account. If you don't want to be banned on HN, you're welcome to email [email protected] and give us reason to believe that you'll use the site as intended in the future. That means posting comments as part of thoughtful conversation about intellectually curious things. It definitely does not mean hammering an agenda.
- it is not transactional, as each trade costs $30-40. as exchanges hold the orders for weeks
- it is not rare, as there are tons of viable cryptocurrencies coming out each day
- it is not safe, as exchanges go bankrupt and shutdown.
- it is not stable, as prices fluctuate wildly each day. Downside could be 90%, upside could be 20%.
- it is not fast, as 100K+ transactions awaits
- it is not anonymous
- it is not valued correctly, as a sell order of $100M will most likely reduce the price by 50%