RE: How do you explain the blockchain world to Gerard, through our Crypto Glasses?
Since I learned the lesson with bitcoin years ago, now I like to understand how everything works in the crypto currencies world and I don't have time for posting in steem haha...
I'm still trying to understand whhy SBD is not 1.0 USD and creating an strategy, or plan whatever you want to call it, to deal with it.
Isn't GDAX liquid enough? I am also investigating bitshares and all the new decentralized platforms. It is difficult to see Forex manipulation because there is not a central database of all the orders etc, like in cryptos. Each broker or exchange has its own book. While in forex is almost impossible to do arbitrage, maybe in cryptos it is possible? That is what I was thinking the other day and couldn't sleep
I'll experiment explaining, to all the "Gerards" I will encounter ;)
Hey @hedac, it's not the broker's liquidity that's the issue, it's the liquidity of the actual trading pairs. If trading volume is too small, one whale can easily move price on their own, and it can be difficult to get out. Sure, forex brokers have their own books but they are all dipping into the same liquidity pool, and there is basically no difference in their pricing.
I have looked at Bitshares and like the idea that there has to be a seller for a buyer with no middle man. I'll be exploring this for sure, but only for speculation and not for trading. But hey, who knows what the future will bring. Say hello to Gerard for me :).
Ah...yes. That is why volatiliy is high in crypto. Sometimes it is like trading forex in continuous NFP like when bitcoin was around 20000 it was crazy for some days. And it is more difficult to understand which news are affecting the price. But for some strategies volatility is good!
Yes Bitshares seems interesting and ot was created by the same person that created steem. Now he is into EOS and the EOSFINEX seems also interesting for trading. It is all still very new but the future seems bright :)