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I work for a top 10 hedge fund. AMA.
>>23389521How you become a LARP?
>>23389521When Chainlink?
What's your hourly cocaine consumption?
God wins.
>workLmfao. I run a 1 man 8 figure fund.
>>23389544Chainlink had its run. It's a solid project but institutional players will go with something else and not an ERC20 token. Chainlink will remain mainly retail (think "defi" ).>>23389540Not a larp.>>23389561None. I only do modafinil occasionally.>>23389565Impressive.
>>23389597look OP, this is you and your 2 braincells, now go play somewhere else pls
how do I get a girlfriend?
What even is the point of these threads? Even if you weren't a larp, which you are, your thread is basically:>Hello. I am very smart. I am a genius. Ask me anything.Here's my question - fuck off? Thank you.
>>23389521How do you feel about indexed funds?How do funds keep paying out earnings when they're in the red?
>>23389597What coins do you hold?
>>23389730I'm afraid that's not my area of expertise, But, if I may:- Be moderately fit- Have self-belief - Have proper hygiene- Don't make women priority number 1- Be reasonably average looking>>23389737Just stopping by to give opinions / views. Feel free to ignore this types of threads next time.>>23389748> How do funds keep paying out earnings when they're in the red?There's various avenues, some less than pristine. Clients generally have a multi-year (majority multi-decade) view on things and don't care about year-to-year revenue.> How do you feel about indexed funds?Dying breed.>>23389790Nothing DeFi related as it's all a gamble. I subscribe to a balanced theory that covers both sides of the coin.The regulatory side (mainly in XRP, ALGO, QNT)The privacy side (mainly XMR with a small portion of XHV).I also hold some BTC as a hedge, though I don't expect its future to be as bright as many hope.
>>23389521DO you think anyoen gives af lol. There's people here running their own 7/8 fig hedge funds. You're an associate/ senior associate at best.Like I said, no one gives a fuck. Piss off to some robinhood TG group where retards might give a fuck
>>23389521Did your fund use repo for leveraged basis trades (again) and then get bailed-out (again)? Was this the first reaction of your government to a pandemic?
Any unique or interesting investments that your fund has? By which I mean, not equities/real estate/angel investing but something weird like art collecting or whiskey collecting.
>>23389832Interesting, you said no erc20 but hold qnt. Have you looked into $VXV? It’s one of my bigger bags with qnt.
>>23389876YES, HEDGE FUNDS INVEST IN ART AND WHISKEY COLLECTING U FUCKIN INBRED DROOLING APE
>>23389521do you suck ass? And how often do you suck it during working hours?
>>23389835I'm not sure why you're so angry. I think this anger is misplaced. Did corona hit you bad? Anger is cancerous, get rid of it.>>23389849Our fund has never been "bailed out". In fact in 2008 we made a profit and we're way ahead in this corona "crisis".>>23389876Our fund is much different from many others. We are more like an ant colony. Individual traders are given capital to invest wherever they see fit. If we don't see a return in a reasonable time (6 months to 1 year) they are immediately shut down and new traders come in.Our turnover is quite high as a consequence.>>23389893I have not, sorry. I don't deal with speculation, only facts.>>23389948I will not answer to insults from now on. Please move along and try to be civil.
thoughts on where precious metals go in the next 3-5 years?also >>23389832 why are index funds a dying breed? seem more popular now than ever
>>23389832>holds xrpok then, have a good day sir
>>23389564Based>>23389521Are you literally shaking about VALUE right now?
>>23389521Do you like your job?I work as a quant at an options market maker. Would I fit at a hedge fund?Gun to the head, what would you buy now with your own money for the coming 3 months?Thanks
>>23389968Oh so you’re a prop farmer. Was gonna ask for dope market insights, whatcha got
>>23389521what do the boomers think of bitcoinhave you ever showed node.cpp to them
>>23389832>mainly in XRPLOL
>>23389968That's disingenuous. I didn't imply that your fund had been bailed-out directly, rather that it had been indirectly bailed-out through the Fed's repo ops. Let me rephrase: did/does your fund make basis trades?
>>23389984Metals will break from shackles. Gold and silver will rise considerably.Index funds are dying in their traditional sense. Soon there will be no need to pay a % to someone to do what an algorithm can do for you and better. This is why we don't deal with index funds.>>23389993I am not here to advertise anything. People in the industry see the writing on the wall.>>23390027No idea what "value" is, sorry.>>23390030I used to be a Amazon. I liked how things moves along there. Hedge funds are generally much slower than tech companies. I miss speed sometimes.> Gun to the head, what would you buy now with your own money for the coming 3 months?What I've been buying all year: XRP.>>23390113Our clients rarely know how their money is specifically deployed and go with a hands-off approach.>>23390132It's not a huge percentage of our strategy. We also don't do any HFT.
>>23390206>hedge fund buying xrp and not btc>comes from Amazon and somehow ended up on buyside>doesn’t do hft >spits out a bunch of fancy words>thinks btc does not have an right futureKill yourself. Please. I actually work with family offices, hedge funds, and endowments and what you just said is the opposite of true. Not only are the clients above I mentioned moving into crypto (primarily btc) with PA but allocating their clients money into the sector as well. Think $100+ mil at a time.
>>23390206Do you think the industry see stable coins as a future threat?
Do you think HFTs have killed retail day trading? Specifically futures
>>23390206>XRPLmao get real
That's cute, but poopdicks should be rounded up and shot.Faggot rights are not a requirement for technological progression.
>>23389521How much XFI did you buy on Uni today?
>>23390353Show me where did I say as a hedge fund we buy XRP? That's my personal investment.Also, I said my personal take on BTC, not my hedge fund's. Please learn to read carefully instead of succumbing to confirmation bias.>>23390419Not at all. With one word they can be made useless.>>23390444Yes.IMHO the market has not been about fundamentals for a long time. Also a reason why "TA", which is as valid as horoscopes normally, tends to work. If enough people believe in it...
>doing le fund manager larp on /biz/ in 2020>"mainly in XRP, ALGO, QNT"Don't be fooled newfags
>>23389597A smart larper would have realized the immense potential LINK has for hedge funds, but then again you are a retard so there’s your thread.
sir please, you have any good news on xlm? your kind words will make yuge difference in our village. Kisses from Raj
What a shiddy larp. Idk why I came back in here. Shameful. You know what to do boys.
>>23390820XLM and XRP are brothers. Where one goes the other will follow.
larper
>>23390585How to i maek moni?
>>23389521>Larps on a larping board>expects to be taken seriouslyoh no no no
>>23390947you have brought smiles and joy upon this village. May vishnu guide you protect you my friend
>>23389521Ever had to clean up something really nasty?
>My dad works for a top 10 hedge fund. AMA.There fixed that for you
>>23389832another xrp schizo larp thread
>>233895213 would be a good thing.
What would you expect XRP's price to be come eoy?
>>23391495I don't give in to speculation. All I know is it's going to be much higher that what it currently is in the foreseeable future.
>>23389521Why are you gay?
>>23389832Imagine larping as someone smart and then saying he buys XRP
>>23389832It's rare seeing XHV getting mentioned on /biz/. Are you holding it long-term ?
>>23391589Correct. Regulations will severely damage non-regulated crypto assets. The surveillance state will make privacy coins rise to he level they should rightfully be.XHV is untested with high amounts of value and usage, otherwise it would be a much higher % allocation for me (it would essentially replace XMR).
>>23391588I'm not here to demonstrate anything. If you knew what I know and heard what I heard, you'd know why I hold XRP.Please educate yourself and learn what deductive reasoning is.
>>23389597lol retard
>>23391653It's crazy nobody even picked it up. Soon enough awareness is going to raise, and I'll be glad I had invested in it this early.Have you ever experienced troubles with the gui wallet ? It's completely unusable right now, at least for me
>>23389521Privacy, eh?
>>23391570How hard will XRP impact the finance world? Do you expect a strong momentum? Is your firm heading towards CBDCs' system? How is XRPL impacting your firm?
What made you invest heavily in XRP? I'd like to hear an insight of an insider.How did your insider privilege impact your decision to buy XRP? And finally can you tell us some insider info you're privy to concerning XRP and the finance world in general?
>>23391737Indeed. Another reason why it's a small % of my portfolio. I am personally waiting for the web wallet. At the moment I am holding on an exchange. >>23391902CBDCs and everything related to XRP, the corona vaccine, negative interest rates, time-based UBI. It's coming sooner than many expect.>>23391977I'm no insider (as in, I don't have inside information about XRP). My decision to be in XRP is due to speaking with our portfolio managers. None of them mentioned XRP directly, but many know CBDCs are coming faster than the public thinks and a bridge will be needed.
>>23389832>I HOLD RIPPLElarp uncovered.
> Index funds are a dying breed Confirmed retard or first year grad. i've helped to develop and deploy +45 passive indexed vehicles in the last 5 years at [Bb] Asset Management. Which represents +100 billion in AUM. You have no idea where the industry is headed.> Individual traders are given capital to invest wherever they see fitConfirmed prop shop, if not LARP. WTF is the fund's portfolio strategy beyond "make monies"
Which robo-investor / algorithm bassed investment tool have you seen as the most profitable?
>>23392180I'm sorry you worked with our competitors which do not see the tide is turning. I wish you and them luck.
>>23392121>but many know CBDCs are coming faster than the public thinks and a bridge will be needed.How fast are we talking? This year? The next?
>>23389597>Chainlink had its run. It's a solid project but institutional players will go with something else and not an ERC20 token. Chainlink will remain mainly retail (think "defi" ).You realize that the entire value proposition of most projects in this space except P2P cryptos such as Bitcoin are fully dependent on a functional oracle network to create real world applications.The value proposition of a blockchain is a secure tamper-proof environment but their only viable use case up to date has been moving tokens around which doesn't really add any value. It makes no sense to have a decentralized network if the data is centralized or easily gamed.https://www.youtube.com/watch?v=7ECeIK5_tXk [Embed] This really covers the use cases of '' a single source of truth'' which a network like Chainlink will enable and just how important Chainlink is for any of this to succeed. Every single project in this space will be dependent on an oracle provider to have a real world value, speculating on the leading oracle solution ( due to Chainlink's network effect ) is essentially making a bet that blockchains and smart contracts will ever have any real world value
>>23389521>t.
>>23392164You fags shit on XRP while drinking Andre's cum on the daily and get rug pulled. Kill yourselves degenerates.
>>23389521Why does OP constantly use faggotry as an example of personal freedom? Is that all freedom means to faggots?
>>23392406I never said Oracles are not important. You seem to confuse Oracles with Chainlink.No institution will seriously use Chainlink to secure its billions and trillions in assets. There's already alternatives in the works controlled by (((them))).>>23392398We're already on our way. The coming couple of years are critical.
>>23391685You are terrible at this. Some larps make me wonder if they are real for a few hours. Some, like this one, make me feel bad for the OP.
LolI actually work at a top 1 hedgefund in the world in a little place called Connecticut.
>>23392517If he shilled Link instead of XRP you faggots will be jerking off to him. Fucking niggers.
>>23389521what is the difference between a hedge fund, a trust fund and an index fund? Also how much capital do you need to start one?What is your job and how did you get there?
>>23392508>We're already on our way. The coming couple of years are critical.From what I've seen 2020 seems like the deadline for the implementation of CBDCs.Since China, UK and USA are all racing toward digitalization of finance.I don't think CBDCs can afford to be postponed beyond 2020 in my opinion.
Also when we make it of off XRP, what is the most safe way to invest capital and earn off of interest (something like 10-15% a year).
>>23392648Stake your spark tokens, live off the yield forever
>>23392590> what is the difference between a hedge fund, a trust fund and an index fund?http://www.catb.org/~esr/faqs/smart-questions.htmlA simple google search will help you.> Also how much capital do you need to start one?There's micro hedge funds that run with a few million. It gets bigger from there.> What is your job and how did you get there?Let's just say I make sure our PMs are happy and have everything they need to make us money.>>23392630The normal public needs to be eased into it. That doesn't mean institutions won't be dipping their feet into it already.>>23392648You must be heavily influenced by the "Defi" movement. 10-15% returns are hardly sustainable in the current environment. The stock market itself averages ~5/6 %.
>>23392741>You must be heavily influenced by the "Defi" movement. 10-15% returns are hardly sustainable in the current environment. The stock market itself averages ~5/6 %.How much does Vanguard give yearly? What are my best options for investing capital and earning off of interest?
>>23392741So you grab coffee and pull research. Very impressive.Are you at bridgewater or point72?Also what asset class do you play in?
>>23392474>>23391902>>23391977>>23392579>>23392630>>23392648My god, is there anything more desperate and pitiful than someone holding onto a non-negligable bag of xrp? Look at this shit, lmao.
>>23392791I'm a proponent for Harry Browne's "Permanent Portfolio", with some slight changes (to include crypto assets).Please do some research on it.> How much does Vanguard give yearly?Again, please check on Vanguard's website. They have several products. Giving 1 number would be a disservice.>>23392845None of those. We are in 666 :)
>>23392938>Please do some research on it.Will do, I'm just wandering whether or not living off of interest is viable or not. >None of those. We are in 666 :)As in we're in the end times?
>>23392938Guessing mm.what team do you work for? I know a former pm that spent over a decade there. He persuaded me to join a different fund with better culture.
>>23392508>No institution will seriously use Chainlink to secure its billions and trillions in assetsdoing god's work anon
>>23392741Your thoughts on gold, silver, and mining stocks?
>>23393047Ahaha, no, nothing so esoteric. 666 is the building our hedge fund is located in. We're actually soon to be moved to 399.> Will do, I'm just wandering whether or not living off of interest is viable or not.It is. Even 3-4% is enough assuming enough capital to earn interest on, and this doesn't account for you touching the principal.>>23393090I would like not to disclose too much about me. We're very sensitive about those sort of things.
>>23389832Am I gonna make it with 15k QNT fren
I have nothing to ask, but want to sincerely thank you for the pasta in your OP.
For those interested in what fund OP may or may not actually work at. I’m guessing they’re roughly 24-25 based on how little they know vs think they know.https://en.wikipedia.org/wiki/Millennium_Management,_LLC
Thanks for these posts, anon. Do you have any suggestions for robo-advisors? I have my PM stack, house, xrp, 401, etc. but I’m thinking i can invest a grand per month into something like betterment.
>>23389832>I'm afraid that's not my area of expertise, But, if I may>Prolefag trying to talk the way he imagines a "fancy financebro" talkslarp detected
>>23393276Honestly OP is probably a back office barry.
>>23393131See >>23390206I think they're very good investments in the current climate.>>23393168Define making it. A few mil? Probably. >>23393198Privacy is a real concern. Happy you found it useful.>>23393206Congrats, you found me :)>>23393253If we're talking a few k, I don't see why not invest into a good Defi product that generates yield. You can buy insurance there also.
>>23389597modafinil was 2014 nice larp
>>23393558It's still the safest to take. I don't deal with unresearched crap or crap that has long term effects on health. Be smart.
>>23390947So what's your price target and general timeframe for XRP.
>>23389521What's your opinion on Cardano?
>>23389521hello sirs, is rsr on your portfolio? i need to feed my village.
How big a stack do you have in XRP? Is 3.2K XRP enough to make it?
I am studying machine learning.I am pretty good and have first authorship in ICLR/NIPS on a meta-learning paradigm for time series as an undergrad.How do I into a hedge fund? I have the chops but not the connections. I want to use my skills to vacuum wealth away from the disgusting proles I've been forced to live around.
* Which synthetic asset protocol has the best chance of growth / value capture?* What do you think of BSV? Who is actually pulling the strings? Don't say Calvin, it's clearly much more complicated than that* Do you actually expect XRP to gain value from its use, or is it more like a convenient capital asset within that ecosystem? In other words, have you crunched the numbers on fees or is it more of an awareness/adoption thing?* Thoughts on ETH L2's?Also you're right about link, love the seething linkers ITT
Bad larp. Any legit larper would say link will have meme potential for $40-50 at least, which is a 4x-5x
Jeffries, citadel or black rock?
>>23393614I don't think we'll be end of 2021 without XRP being at least 3 digits.>>23393623Trash, honestly.>>23393634RSR is dead in the water.>>23393654200k.Again, define "make it".My personal definition is having a minimum of 4M in-hand post-tax. That means you need to have at least 8M pre-tax. If we assume XRP=100, then you'd need 80k XRP to "make it".>>23393660Start as a tech guy, move to trading.Alternative: be very good and get hired in MLP. We hire PMs all the time.>>23393737> * Which synthetic asset protocol has the best chance of growth / value capture?UMA is far superior to SNX, yet both are incredibly overvalued considering their revenue model.> * What do you think of BSV? Who is actually pulling the strings? Don't say Calvin, it's clearly much more complicated than thatI am too uninformed to form an opinion.> * Do you actually expect XRP to gain value from its use, or is it more like a convenient capital asset within that ecosystem? In other words, have you crunched the numbers on fees or is it more of an awareness/adoption thing?XRP will probably Keynes wet dream (the bancor).> * Thoughts on ETH L2's?Shaky. Who knows if it will actually work. One thing for certain: there is no "ETH killer". ETH is here to stay. All other projects will have their use-cases in their own niche. But I also firmly believe ETH will remain largely for the geeks. Average people will use "defi" on (((their))) platform.>>23393791You seem to be late to the party. Check above.>>23393747I could say the same think about other oracle solutions that would appreciate based on hype. But I am not here to discuss speculative assets such as link, etc.
>>23393579>Stevens- Johnson Syndrome (SJS) is reported as a possible adverse effect for modafinil and armodafinilthey still don't even know how this shit works or if there are any potential long-term side-effects because it's so new. You're better off going with low doses of amphetamines and occasionally cycling off it.
>>23393988Please do some more research.https://www.gwern.net/Modafinil
>>23393927Will the market take another COVID 19 shit. If so, when
>>23390495oh I see the whole thing is a retarded schizo XRP larp. fuck off Jed seriously.
>>23394059I am not an oracle and anybody that says anything to that effect is lying to you. Nobody knows.I can give you my opinion: I expect a catastrophic event of some sorts. The 3GD is not looking too good.>>23394088Feel free to ask anything else. I am not here to advertise any asset.
>>23393314>I think they're very good investments in the current climate.some claim that demand will far outpace supply in the next few years. i'm not familiar with the logistics or current status of silver mining so i take it with a grain of salt, but that does seem to be the trend. why do you think jpm is the (ostensibly) lone accumulator of silver?
>>23394193or perhaps a better question, is anyone else discretely accumulating large quantities of the physical metal?
>>23393927>Alternative: be very good and get hired in MLP. We hire PMs all the time.What's MLP? PM - product manager?
>>23393927>> * Do you actually expect XRP to gain value from its use, or is it more like a convenient capital asset within that ecosystem? In other words, have you crunched the numbers on fees or is it more of an awareness/adoption thing?>XRP will probably Keynes wet dream (the bancor).Let me ask another way -- do you expect institutions to buy and hold XRP for the sake of XRP exposure, or do you expect the demand to come from institutions buying XRP to pay fees?
>>23389521Also, would you provide any advice for an 18 year old? I'll finish highschool next year (I'm from Poland), what should I do if I'm interested in finance/fintech, and want to be rich? I also have 1.439 XRP
>>23389521It's funny that the pic takes homosexuality as an example. It should still be criminal and we'd be living in a better world with no SJW bullshit.
>>23392508Nodes have collateral in case SHTF. Are you telling me that there's another decentralized oracle provider that will replace Chainlink? If so, preese provide name.
>>23394598>Are you telling me that there's another decentralized oracle provider that will replace Chainlink?Not OP but want to clarify a term I see link holders use. The oracle is the data *source*. Chainlink is the middleware, copying data from one place and putting into another. Link collateral is valuable for ensuring link nodes copy data faithfully, but it is not valuable for ensuring the data *source* gives correct data.
>>23389521UNI?
>>23394638So in terms of "what will replace it", it will be the first open standard that allows oracles (the data source) to monetize their data directly, which will appear very quickly after oracles start doing the math about where fees are going.
>>23394114Holy shit. Just watched a vid on what would happen if it collapsed. It will kill millions. Is the dam really in that bad of shape? I always see pol talking about it
>>23393314A few mil would be greatHow do I escape 6 figs-hell? It's kinda depressing
>>23394677its been collapsing for months now if not years, nothingburger
>>23389565based
What credentials did you have personally before getting hired?I'm currently studying to take the SIE with intention of pursuing CFA - is this a good route?What do you think (outside of connections) is the best way to get hired / tips for getting hired?What do you think would automatically get you rejected by Hedge Funds if you had this in your resume / if you did 'this' during the interview?
>>23389597/thread, op immediately outed himself as a retard
>>23394669I see, thanks for the clarification. I’m wondering how is this any different from the traditional data providers and their monetization methods? An “open standard that allows for teams to monetize their data directly” – wouldn’t the chainlink network be ideal for this since it is aiming to be a trustless protocol? Or are you saying that this new standard can just copy CL entirely, while pulling the right (((strings))) and changing the network incentives?
>>23395378Imagine chainlink but without link nodes and without link tokens. The data sources, instead of publishing their data in X format (web 2.0 https response) publish it in Y format (web 3.0 signed data). Data consumers choose their own aggregation methods and pay for what they need -- maybe they want a median of values from several sources, maybe they want a few confirmations for an 'exact' value, maybe the provider is the sole source of truth so aggregation is not necessary. In any case, having multiple chainlink nodes confirm the data is not necessary since they add no extra security. Chainlink has a niche for querying data sources that haven't gone through the trouble of publishing their data in a way that can be consumed by smart contracts, put still publish it publicly for free.
>>23389521How is it to clean the toilets from hedge fond managers pajeet?
>>23396311I would unironically kill for a position as a hedge fund janitor, if it meant getting my foot in the door
>>23396240now THIS is a principled argument against stainchink rentseekers.
>>23396487even if that door was to the toilet? Great career chances behind it.
>>23389521OP please answer: I want to learn how to become like you, where do I start with investing? I'm currently watching Shkrieli lessons on YT and they are pretty cool, it's "technical analysis" by Murphy a good starting point? I'm tired of being a poorfag.
>>23396548Yeah, for kneepads.
>>23389832>XHVDefinitely a larp you clearly know nothing about the team for haven otherwise you would be buying Swap instead
>>23394193Silver is not only a precious metal, but has actual use in a million different things. It's possible they might see a shortage incoming.>>23394341MLP = Millennium Capital>>23394388I don't believe XRP will be bought as an asset. It's all going to be about usage. XRP will be somewhat stable, so not much to gain from holding it post-event.>>23394423This would be a very long post and I don't have the time for it here. The TL;DR in my view is the following:- Make extensive use of spaced repetition- Read the classics (Meditations, etc)- Learn programming and anything around it even if you will never program- Learn economics (real economics, not bullshit keynes' version). An absolute masterpiece is "Democracy: the God that failed".- Learn humans. Good pointers are "Influence" by Cialdini and "Never Split the Difference" for negotiation. Books by Robert Greene also golden.- Don't get distracted by women, alcohol, drugs- Remember that life is finite, use every minute- Social skills in a lot of cases trump technical skills.>>23394455Homosexuality IMHO is a disease.>>23394660IMHO will do relatively well but nothing I'd hold long term.>>23394706Invest in the two sides I mentioned. (Regulation) --- (Privacy)>>23395249I worked for Amazon and that bringed huge weight in be getting hired as it showed I know my stuff.>>23396240You're clearly smart. You'll go far my friend.>>23396628Start investing in good assets. Change your mentality.All: sorry for the late reply, something came up.
>>23390030how’d you get that gig? Do you like it? im about to start my phd in engineering mechanics. thinking about quant afterwards
Thoughts on PLTR, currently bagholding.
>>23396926Huge thanks. Do you have goodreads? If you do, would you post it?
>>23396240There's an additional problem here that you are forgetting about... think harder anon
>>23396926>bringed
>>23396926How/why are you posting during trading hours? Don't you financial types work 100-hour weeks?
>>23396964>PLTRSolid. But if your mentality is already into "bagholding" maybe individual stocks are not for you. Maybe move to ETFs or BRK.B?I added a trip to avoid impersonators.>>23397153I'm sorry, I also make typos :)>>23397155COVID
>>23390947I can tell you are definitely a boomer hedge fund employee based on the fact that you like XLM.
>MillenniumYou are dumb money OP.
>>23397264I cannot force you to drink. I can only show you the river.>>23397284Everyone is entitled to their own opinion friend.
>>23397334Is RKT a good mid term hold? ~4 years
>>23397334Do you think smart contracts are a fad? do you believe in the fourth industrial revolution at all? If so, how do you believe it will pan out? Also, why xrp? Its befuddling to me that someone would invest in that project. My understanding of the project is that its a fast blockchain that they are trying to use to replace visa more or less. Why would anyone want that? Who cares?
>>23397334What is the appeal of working for a hedge fund vs. traditional investment banking? And what is new in the world of finance (ie. instruments, ideas, philosophies, etc)?
>>23397334I know the institutional types like shitcoins like XLM and Cripple, but then again the BIS blockchain project is being run by a guy who doesn't even believe in crypto to begin with. I don't see the benefit of holding stuff like that when there have been much better opportunities to make money elsewhere.
>>23397456Generating subpar returns and extracting management fees from dumb boomers.
>>23397404I am not personally familiar with this company, so can't say much.>>23397417Smart contracts are not a fad, but I am unsure of what kind of penetration they'll have in the investment world.> Also, why xrp?Sounds like you need to do a bit more research _and_ read more current events. Ever heard of CBDCs? Ever wondered how will they all be connected to one another?>>23397482I'm not here to advise you on what to hold. I only revealed what I personally hold. You do you.>>23397515We actually average > 10%. Please do more research.
>>23393927>RSR is dead in the water.Could you shed a bit more light on why you think this? Related to CBDC's or ?
>>23396926Nice thread, even if I disagree with some points it's nice to see some actual discussions for a change.Ever heard of DUSK?Currently my biggest holding: essentially a privacy-oriented (zero-knowledge-based) smart contract platform designed for regulatory compliance (i.e. auditability).They've been working together in various consortia with the biggest Dutch banks (ING, ABN AMRO) as well as the Dutch Central bank, also launching a securities exchange together with bitfinex on their network post-mainnet.Seems right up your alley- i.e. privacy, combined with legal/regulatory compliance, absolutely worth a look imo
>>23389832>Indices dying outMoron spotted Index funds will only die out if Bill Acumen gets his way and they become part of some national pension or Sovereign Wealth Fund. Then everyone will scramble to accumulate shares with voting rights and try to push off non voting class shares onto the Funds.
>>23397643It won't be adopted. Better competitors with better connections are already stealing their lunch. I wouldn't go into it unless it's a speculative play.>>23397722Interesting. Did not hear about Dusk before. I'll look into it. Thanks.
>>23397823How many times do I have to say they will die in their current incarnation. If you're an index company right now, your current business model will be out of date in the next couple of years.They will either innovate or die out.
>>23397122What is it? Now I'm curious
>>23389597Uh oh you've insulted the delusional stinky linkies.
>>23397896I'm not here to please anyone, just to state either facts or my view on things.
>>23396926Thank you for your answer but what do you mean for: start investing in good assets? How do I know what assets are good if I'm financially illiterate?
>>23389521op works at Atlantic Investment Management :)
>>23397825Will for sure be worth your time- might be good to start by scanning this AMA they did with binance a few months ago:https://dusk.network/news/2020-binance-ama-recapHere's a choice quote to get you started:>There are smart contract platforms OR privacy blockchains. before Dusk, the two were competing alternatives. And, there is a reason why privacy-oriented DeFi is not a thing outside of Dusk. >Other protocols either offer privacy (required by regulations and securitized assets) or the capability of doing disintermediated processing through smart contracts. >When you have a smart contract you need to spend gas. Permissionless ledgers have rewards in terms of coinbase tx. These are public information. We developed Phoenix as the only transaction model that allows confidential spending of public outputs. >Additionally, no existing model allows for the native support of functionalities required by regulated securities, including dividend claims, voting, forced transfers, which was the main reason to create Zedger. >This is exactly what the big corporations have been requiring for adoptions and what SMEs need to enter the decentralized market inexpensively... These kind of use cases lead to a staggering number of transactions, now all inexpensively at the fingertip of any size organization and individuals.Other than than that there's a lot of disparate information spread across their various updates and posts on their website:https://dusk.network/pages/all-postsI actually learned a lot more just by hanging out on their telegram and asking questions- the team is fairly active there so definitely pop by if interested
>>23389521Reminder, if you need privacy to buy buccv2 or if you need to tumble eth or erc20 tokens to use https://sargasso.web.app/
>>23397825What do you think of buccv2?Mathematically built for privacy with a erc contract that prevents oversends and removes traces.https://etherscan.io/token/0xd5a7d515fb8b3337acb9b053743e0bc18f50c855Team is working on a way to hide balances of buccv2 and all other tokens and eth.
>>23389832>mainly in XRPCongratulations on being part of a fund that underperformed every single retard on this board. Really well done.
>>23397932Check my previous post.1. Learn about economics and politics. The book "Democracy: The God that Failed" is essential IMHO.2. Investment will not make you rich. Your job or your business will. All crypto "investments" are just speculation, not actual investments. I think what you're asking is: how do I get rich via speculation? If so, riding the DeFi hype this cycle will probably do you good.There's also a reason I'm in the assets I mention. Food for thought.>>23398119You didn't read the rest of the thread did you?>>23398141Here's my concern: no government or institution actually wants "permissionless". What I find interesting about Dusk is the privacy side to escape the Orwellian state.>>23398224>>23398259I have not done any research on this. Please don't use anything you haven't vetted yourself.>>23398319I see you don't like reading.
>>23390206>What I've been buying all year: XRP.
this is OP..https://www.youtube.com/watch?v=IobeLoeKw1Q
>>23389832>XRPBased. I believe you. Can you tell us how you came to those conclusions?
>>23389730Here's the recipe anon:>be reasonably fit>don't be ugly>be interesting or mysterious>be aloof of all womenThis is the baseline strat. You need to spec your own character sheet from there.
>>23398337What is your role? If you can’t be specific, are you front, middle, back or other (legal, technology, risk, compliance)
>>23398337If I had 10k to invest right now how should I allocate it between XRP, XLM and silver?How much XLM do you hold?
>>23393927triple digits xrp? are you serious? that would put its marketcap above 5 trillion dollars. that's more than 10 times the total current crypto market cap.What makes you think it will get this much adoption?
XRP shills getting real smart.
>>23389597its an ER 677 token you fucking fraud
>>23398460This year has been eye opening. Holding XRP before this year was not a good investment decision. This year XRP made sense. Corona, economic reset, CBDCs. It's all coming to the same conclusion.>>23398580Technology side. I speak with our PMs often and made some meaningful connections there.>>23398609100% XRP. Once that pays off, you can diversify.>>23398616Stop looking at marketcap as a useful metric. XRP needs to be high to facilitate the trillions of daily transfers and the quadrillions in derivatives.
>>23389521Is your family Jewish?
>>23398690No.
>>23398684>This year has been eye opening. Holding XRP before this year was not a good investment decision. This year XRP made sense. Corona, economic reset, CBDCs. It's all coming to the same conclusion.How do you see the rest of the year playing out?Will there be a return to the gold standard?
>>23397915I appreciate that a ton
>>23398713the schizos at xsg seem to be onto you
>>23398684>This year XRP made sense.actually everyone who invested in eth, link, hell even btc made far more returns than xrp. nice copes though
>>23398740Trump wins the elections. Many will not be happy.I expect some kind of catastrophic event to happen. I mentioned the 3GD before. Could be something else. I'm not sure. But I'd make sure to have a few rations set aside.Gold standard? It's possible, but I don't think in the way the austrian would like.>>23398787?>>23398805I'm sorry you seem to lack situational awareness. I don't play to catch minnows.
>>23398837when do you see xrp reaching another ath?
Whether you are larping or not, I do think the same about XRP and managed to get some friends into it as well. The /xsg/ threads might be called shizo general but one truly does not have to be a shizo to see the writing on the wall.What do you think of LIT (lition) since you are invested in regulation coins? They are the first GDPR compliant blockchain and have actual usecases.Currently only have 10k XRP because I'm a poorfag but maybe I'll try to squeeze in a few more...
>>23398837you haven't caught anything, you're a shitty investor and your portfolio crabbed for a year while mine did a 10x. I have no financial background.
>>23398909Somewhere in the next 6 months.>>23398923It's all about adoption. Who is _today_ using them? What are their connections?>>23398930I'm sorry, but I'm not a gambler. Ever heard of risk analysis? Time preference? The lotto guy next door outperformed many of our PMs. That doesn't mean his strategy is better.--I will be logging off soon. I am sometimes present in the following discord group, if you are interested: FvbzmreI will return to /biz/ sometime soon (maybe after elections).Thanks for your questions. Hope this has been of some help.
>>23398684So Defi: not a winner long term (too retail)Smart contracts: let’s be honest - whatever isda backsXRP as bridge ccyAny other areas you think are worth looking into (leaving privacy coins aside - I think they’ll be regulated to shit/I’m not interested). I’m currently 100% XRP (for the reasons you’ve already covered). Gun to the head, if you had to shill something else, what would you shill?
How much money do you make in a year
>>23389521>I work for a top 10 hedge fund. AMA.I don't think janitorial positions count.
>>23399069Why do you take advice from this guy who made no money this year? XRP's price 1 year ago was 30 cents. Today it is 25 cents.>>23399061>I'm sorry, but I'm not a gambler. Ever heard of risk analysis? Time preference?You're not a gambler nor are you a good investor, you're just a fool. Again, you made no money over the last year from your investments, by your own admission you're all in XRP. Just lmfao.
>>23399069Nothing. Opportunity cost & all. I've already mentioned everything I think is relevant.>>23399085Everyone in 666 is capped at 200k. The rest is EOY bonuses.>>23399104Please re-read what I wrote. I mentioned several assets.Also, Everything I mentioned is my investment. Speculation != investment, please learn the difference.I rode YFI from ~500 to ~35k, LINK from 4$ to 17$. Please don't fall into confirmation bias and learn to read carefully.
>>23393988Its only for genetic predisposition so if youve take it a couple of times with no side effects youre fine
>>23399061>Who is _today_ using them? What are their connections?They are using it themselves for their energy use case (I actually do get my energy in Germany from them). It's green energy and the CEO is in the leading party of our country.The whitepaper was also Co-written by some guy (don't know his exact position) from SAP.The second usecase is verifying data on the blockchain. During their last AMA the CEO said that they have another usecase coming up, something that has not happened in the crypto space in such a scale. They are not hyping things up and behaving more like a traditional company which I like.
>>23399155Cope. You said all you've been buying all year was XRP, only now after you've been called out for being a shit-tier investor are you mentioning stuff that pumped.
>>23399185To be fair I am also running a node and balls deep in the coin, but it fits your bill regarding regulation and actually being used so I thought I'd mention it.
>>23399185>>23399238Hum. I think I like Factom better in that space, but I can't say I did my DD on LIT. SAP is a shitshow though.>>23399186I will not repeat myself. Please learn to read properly.
>>23389521What is your opinion on ALGO?
>>23399296OK. Don't repeat yourself. Enjoy your investment which is down 5% since 1 year ago, I'll enjoy mine which is up 500% since 1 year ago. Don't worry anon, I'm sure all of your sleepless nights dreaming about 4 figure XRP will be rewarded.Sunk cost fallacy is a great investing strategy.
>>23398837i know kleros is an erc20 tokken but can you give your opinion on it?As for trump, if he is 100% winning shouldn't we be betting on him 1st so we can 2x-3x our momey and after invest in somethink like xrp for 2021?also do you have any information on when the coronavirus will end? What exactly will happen to the markets?I would also like to ask you a lot more things. can we talk using pgp?
>hedge fundie makes a based articulated thread >talks reason, mentions CBDC development >linkies seethe when they realize the 42 larp is gay retard shit and everything in this thread is when we’ve all been saying for years>well performing shitcoin is not needed and will not change the universe>stinkies eternally btfod, seething and gargling SirGay’s cum until next Chinese nothingburger collaboration is announced
>>23399299Please see >>23389832> The regulatory side (mainly in XRP, ALGO, QNT)I really like ALGO.>>23399350> i know kleros is an erc20 tokken but can you give your opinion on it?Highly speculative. Please be careful> As for trump, if he is 100% winning shouldn't we be betting on him 1st so we can 2x-3x our momey and after invest in somethink like xrp for 2021?Nothing is ever 100% certain. Please exercise caution. I would use a portion of the funds to bet on the event though, that's good thinking.> also do you have any information on when the coronavirus will end? What exactly will happen to the markets?Easy: corona will end once the financial reset has been completed. Check out the IMF. The virus is a pretext to pivot from a dying reserve currency and gluttony.> I would also like to ask you a lot more things. can we talk using pgp?xinnwo protonmail com
>>23399186Honestly this makes me feel like he actually might be employed by a hedge fund because he's either a half wit or is repeating dumb Goldman Sachs publicity free advice but including cryptos with a real shitty understanding of fundamentals because Link at utility value is closer to 13 dollars assuming just moderate adoption and right now it's growth is actually rapid. Someone watching 15 min charts might think Chainlink is dead but that's not a serious opinion.
>>23399517How do you envisage XRP will moon? Market forces or a switch flip*?*by which I mean a one-off event: end of price suppression, announcement by BIS that they will use as bridge at [x] price, backing/pegging to PM, etc.
>>23399517thanks for answering. i'm already typing my next 5 questions and can't wait to get answers from you.HG
>>23399620Far more likely to be an event. I don't see it appreciate like any other crypto.Instantly most will be priced out.
So basically this thread is an elaborate XRP shill riding the wave of IMF's annual meeting and maybe imminent release of CBDCs, great.Thank you OP.
>>23399729That’s my thoughts. Too much volatility and fomo retail investors otherwise. So the obvious follow-up: what’s the event?
>>23399761There is no event dumb poorfag, stop sucking up hopium do some research on real projects or go to feddit
Opinions on STA? What about RLC?
I joined this retards discord and its literally a giant web of conspiracy bullshit that all links to REDACTED which is actually XRP. The people in his discord are all doomsayers who believe they're going to implant chips in our brains and force our kids fuck each other next year, and the financial reset is coming really soon. This is an elaborate LARP
how is this larp thread still alive? stop feeding the thread
>shills xrp & factom>Hedge fund>0 proof, not even a pic of a coffee mug, mouse pad, or badge
>>23399772>real projects >cryptoFucking he’ll kid. Go to bed. There’re like 3 real projects in crypto and the realest of them all is XRP. Get some sleep and in the morning you can go back to pretending like your shitcoins are real investments.
>>23399818After 3 years when XRP is at 2 dollars, Chainlink is at $300, Eth is at 10k, and btc is at 40k try not to rope
Hey, can anyone explain something that's probably very simple, but I just haven't been exposed enough to know what terms to search.So, two guys invest in a startup company, 20grand each, get 10 percent of said company. Company does well, end of year makes 400k profit, so they're due 40K of that. What happens if one guy takes the 40K, and the other reinvests it to the company. Does he get more shares, or if that isn't an option, does the guy who doesn't reinvest lose any percentage of the company since his initial investment is now dwarfed.
>>23399847Kek. Get out of the drive through and get a real job. Without the pressure of your failure life and poverty, you might be able to take a more logical view. There are like 3 real projects in crypto. XRP is top. You’ve named 2 of the others. One of the coins you’ve listed though doesn’t fit. Can you guess what that is?
>>23399848Depends on what basis he reinvests. Did he provide it as a loan to the company, as a gift, or did he buy equity with it?
>>23389521Are you deep in privacy projects like LOKI?
>>23399756>>23399793>>23399801>>23399813Even if he's a hedgie, he's a rich dumb dumb that assumes that you can just wait ten years for a sweet 5% loss that you totally take off your taxes 3k at a time per year.
>>23399756I go with the flow of questions.>>23399761Regulatory clarity and "go ahead". IMHO the terrible event I sense will make for a great pretext.>>23399775I'm sorry, I don't deal with those.>>23399793I said I participate. I am not the owner. I'm also not sure where do you see the doomsday stuff. I thought to mention it as it's a breath of fresh air among crypto chats.>>23399813Please explain what proof would you like that will not compromise my identity. What would make you believe me?>>23399935I admit I do hold a very small % of LOKI as an extremely speculative play. I'll say it again: SPECULATIVE. THIS IS NOT AN ENDORSEMENT.
>>23399908BTC is dogshit yeah, not nearly as bad as XRP though. It's a scam. Wake up. There's a reason only schizos are interested in it and not developers.I've got a real job, invested everything into link below 2 bucks. Sitting pretty now.
>>23399986I'll just say this once, to you and others like you: please, please don't take your life if you find out you've been terribly wrong. Your life is far more precious than money and everyone makes mistakes.A thing I learned is to always keep an open mind and actively search for information that challenges my own beliefs. Be like water.
>>23399980Cover your name and face and post work badge, or take pic of an email since your working from home
>>23399923Ah, so the reinvesting will be buying equity, just at a vastly different price compared to the initial investment as the company is now proven successful .Or else as as a loan with interest to be decided amongst the involved parties. So it might even come to the point where the owner doesn't want to lose any more of his company because it's doing so well, he could just refused reinvestment, and go to the banks for favourable loans.Thanks for the answer
>>23400030le zen master 24 year old who got hired to a small trading firm in new york, who has a yearly return of -5% in crypto giving advice. lel
>>23399986> I've got a real jobYou’re right, it was very classist of me earlier. Drive through operator is a noble profession. Be proud. The fact you’re still shilling it shows you’re still holding. Didn’t sell your shitcoin at the ATH? It’s never getting there again kid.
OP, why only 200k XRP? Step your game up you little bitch.
>>23399980>IMHO the terrible event I sense will make for a great pretextTrump is currently pulling Troops from overseas. A Civil War after he Wins maybe?
>>23400055I'm a software engineer making more than OP claims to make on wall street. kek>Didn’t sell your shitcoin at the ATH? It’s never getting there again kid.Zoom out on chainlink chart. Zoom out on xrp chart. plot on log scale. Have fun champ! If your IQ is above 100 you might understand
>>23400045Yes, sort of.As far as buying more equity - unless it’s publicly traded, the price is negotiable with the company. It may be cheap if the company really needs the investment. As far as the loan - there may or may not be interest - again, it’s down to the agreement between the parties.
>>23400055If you don't have enough to swing trade accumulating and holding is better, I wouldn't buy at ATH's necessarily but I wouldn't sell off and assume I could catch the next bottom blindly either.
>>23400074But there are also a few countries left without a central bank. Maybe the "people" of North Korea will rise up and the West will help the rebels, which of course will create a Central Bank as soon as they won, as is tradition.
Expanding on privacy coins, what's your take on Grin (more community driven) than say Beam? Thanks.
>>23400092> I'm a software engineer making more than OP claims to make on wall street. Sure you are kid. Hang on is that another car pulling up. You better get that. > Zoom out on chainlink chart. Zoom out on xrp chart. plot on log scale.Ahahahahaha - so you really are still holding? You fucking mongrel. It’s never going anywhere again. You’re a literal bagholder at this point, hoping to catch that high you missed.
Imagine actually believing this...https://www.youtube.com/watch?v=4nQd_A_h6Bg
Here is the TLDRA weird XRP and XLM schill thread
>>23400154XRP is down 92% from its ATH crabbing for a couple years.Chainlink is down 50% from ATH made 2 months ago and found support. If you don't know how to interpret those things, then I'm sorry for you. You don't deserve to make it, such is life. Sorry your coin crabbed for a year while I made half a mil.
>>23400099Yeah, in this specific instance it's a ground floor budding market that only has room for growth. The guy starting the company just doesn't have heaps of cash about, as he's smart and saw how this market is evolving, but worked in retail up until he segued.Less risky to play with other people's money, so he's willing to throw out a good chunk of his company just for that initial push. But if it takes off as he hopes, then he probably won't need much reinvestment at all.Well, a man can hope.
>>23399980Think BAT will ever do anything?
>>23389521are you jewish ?
>>23400092You really are though aren't you? I said everyone's base is 200k. I didn't mention my bonus.>>23400043See pic related. Hope I covered everything.
>>23400206XRP still has a project and is progressing in that project:>“Imagine if there was a single token that was recognized on both sides of that divide and when you receive it you can cash it out into your local currency and when I receive it I can cash it out into my local currency without the need to change it." - @BrianBrooksOCC>https://mobile.twitter.com/ijulianflash/status/1318302587565821959Link does not. XRP hasn’t yet reached where it will reach. Link has. It’s over bagholder.
>>23392741You must be heavily influenced by the "Defi" movement. 10-15% returns are hardly sustainable in the current environment. The stock market itself averages ~5/6 %.>that would be a 5-6% net of inflation
>>23400234based red filter user
>>23400295>Link does notEvery day there's new businesses using link - not just shitcoins, businesses. kek. Stay poor buddy, if you aren't fudding then I feel so bad for you I'll try to spoonfeed you some. Even the retards of this world should have a bit of a chance to make it.https://medium.com/unibrightio/provide-incorporates-the-unibright-framework-to-create-unified-service-for-corporate-data-sharing-e0f0a57b7f25https://solve.care/blog/solve-care-collaborates-with-chainlink-to-deliver-real-world-data-for-blockchain-healthcare-services/https://blog.chain.link/giulia-fanti-awarded-chainlink-research-grant/https://twitter.com/chainlink/status/1316889530901954560?s=19 All just some things I found looking on my feed for a minute. All things that came out in just the past 10 days.Look we both know you're a poorfag and you cling to these XRP fantasies because it's the only way you'll ever make it to 5 figures. But that's just not a good strategy. Not replying anymore champ>>23400234>didn't mention my bonusneither did I
>>23400381See ya later linkie bagholder. Good luck with your dead project. Buy rope for when XRP moons
I'll be leaving now.I left my email and a discord channel if you want to reach out.I will return at a later date.Good luck.
Before you go can you tell me whats your take on airlines and oil recovering within the next year
>>23400234Pod funds are shit retardcome back when you're at Pershing or a Tiger cub
>>23400563What are they?
>>23390353this guys is larping...
>>23400740Multi-manager hedge fundsit's not so much a single fund as it is divvied up into 100-200m slices per manager each with a team, if the manager does shitty everyone under him gets fired with him
>>23396240Chainlink does a lot more than gathering and packaging data though.>>23397122Your opinion requested
>>23399980Whats your relationship to Hans-Hermann Hoppe?
>>23392508>re its billions and trillions in assets. There's already alternatives in the works controlled by (((them)))."alternatives", right. probably powered by Chainlink.
>>233895971. Defi exist because of Chainlink2. Retail exist because of Chainlink3. Smartcontracts are useful because of Chainlink.Its impossible to believe Smartcontracts have a future without Chainlink.Your welcome and always know the rule. Chainlink always wins.
>>23392508The institutions compete with one another. My trillion dollar institution won’t trust a smart contract created by your trillion dollar institution or data verified by your institution’s oracle network. They aren’t going to use Oracle Network A with Company A and then have to learn the intricacies of Network B for Company B and so on. And yet if they don’t adopt smart contracts they will be left in the dust by the institutions that do. More importantly they’ll waste a ton of money. Everyone will adopt the technology for that reason alone. It cuts serious costs. Chainlink are years ahead of any competitor and rapidly expanding their empire, they dominate this space. It will be the industry standard oracle network. No one will say “hey let’s spend millions to build our own oracle network and then convince our competitors to use it” when they can just plug and play with Chainlink. No one trusts each other. Chainlink creates trust cheaply and verifiably so institutions can’t fuck each other over, all while saving them money in the process. I don’t think you understand the need for decentralization and are basing all your responses on this incorrect view.
>>23389521Bump
>>23392121>the corona vaccine,Why? What about people refusing the vaccine, aka about 50% of people?
>>23392406>You realize that the entire value proposition of most projects in this space except P2P cryptos such as Bitcoin are fully dependent on a functional oracle network to create real world applications.>The value proposition of a blockchain is a secure tamper-proof environment but their only viable use case up to date has been moving tokens around which doesn't really add any value. It makes no sense to have a decentralized network if the data is centralized or easily gamed.>https://www.youtube.com/watch?v=7ECeIK5_tXk [Embed] [Embed] This really covers the use cases of '' a single source of truth'' which a network like Chainlink will enable and just how important Chainlink is for any of this to succeed.>Every single project in this space will be dependent on an oracle provider to have a real world value, speculating on the leading oracle solution ( due to Chainlink's network effect ) is essentially making a bet that blockchains and smart contracts will ever have any real world value
TL;DRgtfo kike
>>23389521join your fellows @ChadLounge on telegram
>>23389597thanks just market sold all my LINK because you work for a top 10 hedge fund and you are very smart for pointing out that LINK is merely an ERC20 token.
>>23399617I have this pic saved for autistic niggerfaggots like (You). $2K/XRP eoy is as inevitable as your stinkies sliding to zero.
>>23401323Do you see yourself as a retard nigger or more of a nigger retard? Does your faggotry come into play as well?
$QNT for the win
>>23389521Do you also do lawns?