10k volume chart for BTC/USD at Bitstamp.
Do you like money? Do have have some and want more? How does lending out at 230.52% yearly interest sound?14 November, 2013 at 4:31 pm by oyvinds
I have been trading Bitcoin for quite some time now, mostly the BTC/USD currency pair. Sometimes I like to take profit and lend out some of the USD.
I am currently lending out a five figure amount of USD at 230.52% year on year interest. This interest is paid out every 24 hours. This means that I currently get a three figure USD amount in interest paid every day.
How is this possible?
Some Bitcoin exchanges allow traders to trade on margin. These traders (like me) take long positions by borrowing USD at interest which they use to buy Bitcoins. 365% yearly interest sounds like a whole lot – and it is. But it’s only 1% per day. If you except a 5% price movement then why not borrow at 1% per day?
There is a downside to this: Traders tend to keep loans only for a few days before they return your loan. This is not a very big issue since there’s always new traders opening positions and taking new loans – but it does mean that there will be a few hours per day when some of your USD does not generate any interest at all – it just sits there as a loan offer.
The platform I use is Bitfinex. You’ll get 10% off BFX/BFX trading fees the first month if you sign up there using the code lOsL9kXEyQ.
Here is what the lending situation at BFX currently looks like:
“She wants to hang out tonight, but I don’t really care. Depends, if the market is boring I might.”
I was looking in my spreadsheet and I did the numbers on how my portfolio has been doing the past few months.
My portfolio worth in USD increased:
- 14.6% from 2013-07-01 to 2013-08-01
- 18.96% from 2013-08-01 to 2013-09-01
- 24.37% from 2013-09-01 to 2013-10-01
- 56.47% from 2013-10-01 to today
Just for fun: That’s a total of 94.6% from 2013-09-01 to 2013-10-01. And this does based on what is sitting there in my portfolio account and does not include profit I’ve taken off the table to give to my brother (who is studying and has a tight budget), pay bills, buy things I do not need and so on.
It’s been a very profitable last couple months.
I most trade Bitcoin against other currency pairs, mostly BTC/USD and BTC/SEK.
This profit is in large thanks to the BTC:Pro daily newsletter and the ##btcpro-analysis IRC chat room.
I do my trading at the Bitfinex exchange. You get 10% off BFX/BFX trading fees there for the first month is you use the sign-up code lOsL9kXEyQ.
My BTC/USD trading volume at Bitfinex the last 30 days was 9598 BTC. I paid 1738 USD in trading fees. My average trading fee is 0.137%.
Text from http://pastebin.com/zeXpsRnh :
I’ve hacked colonel Anthony Jamie MacDonald mail he is intelligence US Army Staff boss. First I hacked his Link3dIn account and got access to his mail through it then.
Among mail Mayhem like Amazon mails I’ve found his correspondence with his colleague Eugene Furst. He congratulates Col. with success and gives a link to the Washington Post publication about chemical attack in Syria on August 21. Furst also mentions it was “well staged”. Holy shit. I was shocked my eyes refused to believe it. Bloody bastards they “staged” a chemical attack.
Then a friend of Anthony MacDonald’s wife Jennifer writes she was shocked seeing on TV the children died after chemical attack in Syria. Jennifer answers she saw the story but Tony calm her down saying children were alive and the scene was staged.
Two best mails I uploaded here
Here you can download MacDonald’s mail
Here is his wife’s correspondence
I also hacked other Pentagon officers’ mail boxes:
Evans, Anthony O COL USARMY HQDA ASA ALT (US)
Sims, John D COL USARMY HQDA OCPA (US)
Griffith, David M COL USARMY (US)
Bell, Craig A COL USARMY (US)
Parramore, David J (Dave) COL USARMY MEDCOM HQ (US)
Morris, Daniel L COL USARMY (US)
Ellison, Brenda K COL USARMY (US)
Jennings, Wesley J COL USARMY HQDA DCS G-8 (US)
Eberle, Brian K COL USARMY HQDA DCS G-3-5-7 (US)
Bradsher, John M COL USARMY (US)
Fish, Charles A COL USARMY JS J8 (US)
Roquemore, Darlene M COL USAF (US)
Mott, Robert L Jr COL USARMY HQDA OTSG (US)
Parramore, David J (Dave) COL USARMY MEDCOM HQ (US)
Weeks, Colin A LTC USARMY (US)
Reynolds, M Bridget LTC USARMY HQDA DCS G-2 (US)
Grahek, Christopher J LTC USARMY HQDA OTSG (US)
Henderson, Valerie D LTC USARMY HQDA OCPA (US)
I’ve no time to look through all their mails. A lot of shit to be sure there.
I will upload their correspondence later.
I’m mirroring these files at http://oyvinds.everdot.org/var/2013/US_Staged_chemical_weapons_attack_on_Syria/
Bitcoin is a currency designed for deflation, not inflation, over time. However, this is not the current situation. Bitcoin is currently in a period with inflation, not deflation. This means that more fiat money (USD/EUR/etc) must keep flowing in each day in order to keep the price stable or rising.
Bitcoin is currently in a very bullish trend-channel. It is currently trading at $145 in a bullish trendchannel and both 15m and 60 minute charts look very promising.
Things look good for USD/BTC short-term. It is, however, very important to keep in mind that Bitcoin currently depends on a lot of new money flowing in each day in order to keep it’s current value or rise.
Fact: 25 brand new BTC are mined with each block. This works out to about 3600 brand new Bitcoins mined each day. The current price is, as said, $145. This works out to about half a million USD each day just to keep the current price – assuming all mined BTC are immediately sold at market value.
We broke out up from the big slightly descending triangle firmed on the BTC 60 minute chart. That should be a very bullish signal – except for the fact that we did so on close to zero volume. Volume players does not seem to be buying this. The jury is still deciding if this is a real breakout of just a fakeout, time will show.
Take a look at this chart and notice the spikes where someone first sold the order book way down from the current price – just to buy the whole order book way up. This was done twice on April 27th.
It sounds like buy high sell low, does it not? So why on earth would someone do such a thing?
It is all about triggering peoples “stopp loss” orders.
I believe the idea is that they do what they do where the bigger players are. so, they buy high and sell low to the small guys, but, when it passes someones stop loss, it’s profitable since stop losses are inherently losing trades, which means that it’d be a winning trade for the one triggering it.
Normal trades triggered by big players are profitable, since they have no stop loss, just profitable setups. Those are not the main concern of the people triggering stops. The main concern of the people triggering stops are the larger players, who, having more to lose, have a stop loss set, which is apparently around the area of parabolic SAR. Anyways, so they push the price past the target’s stop point, and then the target sells a losing trade to stop their losses.
If target is bullish, let’s just say they entered at 100 and expect 130, w/ stop loss at 90. The mover would sell at 100 to get target in, then drop the price by selling further till price hits 90, where the target would then place sell orders to stop their loss, which then equates to the mover having bought at 90 and sold at 100, where ideally the number of shares bought at 90 and sold at 100 offsets the amount it took to drop the price that far.
thanks to Rav3n for explaining this.
Full video and story at The Guardian: Bitcoin: world’s fastest growing currency migrates off the internet