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Hi Gordon,<br>
<br>
This is very interesting, thanks for pointing this out. I trust
your much more educated currency trading expertise in this much
more than my own, so would be very interested in more of your
thoughts along the following lines.<br>
<br>
My less educated gut feel as to why this is happening is because
where as before, there was no 'arbitrage' trading between
currencies and such. In other words, Bitcoins in some currencies
would get way ahead of other currencies, given the relationships
between the currencies. In other words, a very profitable
situation where people can buy Bitcoin in one currency, sell those
Bitcoins for the other currency, and the convert back to the
original currency - making a big circular profit, for as long as
such circular price imbalances occur.<br>
<br>
So, what I'm thinking is now there is some significant arbitrage
trading going on, when this happens, preventing the imbalances
form happening? Would you agree with my assumptions?<br>
<br>
Some of the local Bitcoiners want to start doing this kind of
Arbitrage, and AI based trading, having given up on mining. I
wondered what your thoughts on the profitability of such a vencher
would be. Would you be interested in investing in or contributing
to such any group moving in this direction in any way...? And why
or why not? I'm thinking of getting involved and wondered if, in
your opinion, this would be a good idea?<br>
<br>
I'm betting that any arbitrage / AI based trading going on so far,
is done by individuals, or very small groups at best. I think a
large group of well organized open source experts could way
outperform any such small groups. I think such a huge group of
experts managed in a leaderless way, using the expert consensus
building system at Canonizer.com could not only become very
profitable for the people involved, even if some were only lightly
involved, but such could also bring some significant stability to
the Bitcoin market.<br>
<br>
Anyone else have any thoughts? Anyone else interested in getting
involved in such in any, even very small way? Anyone else think
such is a good idea? Or not?...<br>
<br>
Anyone know anyone already doing any AI / arbitrage trading in
Bitcoins?<br>
<br>
I'm planning on attending the Inside Bitcion conference in NY next
Tuesday. Anyone else attending?<br>
<br>
Brent Allsop<br>
<br>
<br>
<br>
<br>
<br>
On 7/16/2013 7:50 PM, Gordon wrote:<br>
</div>
<blockquote
cite="mid:1374025809.25161.YahooMailNeo@web121204.mail.ne1.yahoo.com"
type="cite">
<div style="color:#000; background-color:#fff; font-family:times
new roman, new york, times, serif;font-size:12pt">
<div>Getting back to my original point, before all this mumbo
jumbo about a supposed Moore's Law for gold supply or demand:</div>
<div><br>
</div>
<div style="color: rgb(0, 0, 0); font-size:
16.363636016845703px; font-family: 'times new roman', 'new
york', times, serif; background-color: transparent;
font-style: normal;">Perhaps it's only a coincidence, but
since about mid-June, bitcoin has traded like a genuine
gold-backed currency, which is more or less what it is
designed simulate. </div>
<div><br>
</div>
<div style="color: rgb(0, 0, 0); font-size:
16.363636016845703px; font-family: 'times new roman', 'new
york', times, serif; background-color: transparent;
font-style: normal;">All other things being equal, when the
dollar declines in value, it takes more of them to buy an
ounce of gold. <span style="font-size: 12pt;">Bitcoin declined
when the dollar rallied and rallied when the dollar
declined.</span><span style="font-size: 12pt;"> </span></div>
<div><br>
</div>
<div style="color: rgb(0, 0, 0); font-size:
16.363636016845703px; font-family: 'times new roman', 'new
york', times, serif; background-color: transparent;
font-style: normal;">Gordon</div>
</div>
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</blockquote>
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