Author

Topic: Canadian Bankers are Idiots (Read 1196 times)

legendary
Activity: 1722
Merit: 1000
August 15, 2014, 08:03:47 AM
#10
They only looked at BTC and LTC and only major exchanges... My country is a special kind of stupid.
newbie
Activity: 35
Merit: 0
August 15, 2014, 07:52:57 AM
#9
Our national bank just concluded that arbitrage opportunities do not exist in cryptocurrency: http://www.coindesk.com/bank-canada-research-cryptocurrency-arbitrage-doesnt-exist/

Given the sheer number of people in our Co-op (and probably on this forum) who make money doing arbitrage with crypto, I find it surprising. These people are supposed to have PhDs

It's horrible, how it will be affect on btc rate?Huh
hero member
Activity: 700
Merit: 500
August 15, 2014, 07:30:40 AM
#8
Our national bank just concluded that arbitrage opportunities do not exist in cryptocurrency: http://www.coindesk.com/bank-canada-research-cryptocurrency-arbitrage-doesnt-exist/

Given the sheer number of people in our Co-op (and probably on this forum) who make money doing arbitrage with crypto, I find it surprising. These people are supposed to have PhDs

They messed up in their study. The problem they ran into was being theoretical and looking at price charts. THey don't understand that within a few hours the price can have a 10% dip then a 20% rise. I saw it all the time months ago with altcoins. These people don't know what they are talking about, many altcoins made people money within the first few days of it coming out.
sr. member
Activity: 350
Merit: 250
August 15, 2014, 04:40:30 AM
#7
Our national bank just concluded that arbitrage opportunities do not exist in cryptocurrency: http://www.coindesk.com/bank-canada-research-cryptocurrency-arbitrage-doesnt-exist/

Given the sheer number of people in our Co-op (and probably on this forum) who make money doing arbitrage with crypto, I find it surprising. These people are supposed to have PhDs

Currently trying to figure out whether they don't really know about Bitcoin/Altcoins or whether they actually do mean other arbitrage opportunities. Also, Bitcoin is still to small of course - but only as of now!

Had you actually read the paper, you would know the answer to that.  It's usually a good idea to actually read what someone writes and understand it before blindly calling them all idiots.  Just sayin.
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
August 15, 2014, 02:23:12 AM
#6
Our national bank just concluded that arbitrage opportunities do not exist in cryptocurrency: http://www.coindesk.com/bank-canada-research-cryptocurrency-arbitrage-doesnt-exist/

Given the sheer number of people in our Co-op (and probably on this forum) who make money doing arbitrage with crypto, I find it surprising. These people are supposed to have PhDs

Currently trying to figure out whether they don't really know about Bitcoin/Altcoins or whether they actually do mean other arbitrage opportunities. Also, Bitcoin is still to small of course - but only as of now!
full member
Activity: 185
Merit: 100
August 15, 2014, 02:18:49 AM
#5
Need to give them a medal of courage for publishing such garbage.
legendary
Activity: 2660
Merit: 1074
August 15, 2014, 12:06:10 AM
#4
Correction: Bankers are idiots.
And people who offer finantial advice have their dumbness proportional to how many degrees they have. They spend too much time studyind that don't have time to do or think usefull things.
legendary
Activity: 1372
Merit: 1000
--------------->¿?
August 14, 2014, 10:35:38 PM
#3
Asking a banker to understand bitcoin is like asking a born blind person to understand colors.  Roll Eyes
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
August 14, 2014, 08:27:34 PM
#2
Our national bank just concluded that arbitrage opportunities do not exist in cryptocurrency: http://www.coindesk.com/bank-canada-research-cryptocurrency-arbitrage-doesnt-exist/

Given the sheer number of people in our Co-op (and probably on this forum) who make money doing arbitrage with crypto, I find it surprising. These people are supposed to have PhDs

Arbitrage exists in nearly every market.
legendary
Activity: 1268
Merit: 1006
August 14, 2014, 06:39:48 PM
#1
Our national bank just concluded that arbitrage opportunities do not exist in cryptocurrency: http://www.coindesk.com/bank-canada-research-cryptocurrency-arbitrage-doesnt-exist/

Given the sheer number of people in our Co-op (and probably on this forum) who make money doing arbitrage with crypto, I find it surprising. These people are supposed to have PhDs
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