Bitcoin (and other electronic currencies)


#581

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#582

Reminds me of the Bank of Ireland share graph in 2008. It was hypnotic watching it.


#583

Bitcoin lose 87 per cent of its value in 2015. Now is time for lads to sell everything and get in


#584

Dead right pal.

Ballsy guys be buying in when it bottoms out.


#585

#586

#587

Dow was down 4.6% today. Ugly


#588

Bit of profit taking. Nothing to see here.


#589

Unless central bankers step in overnight to calm markets, this could be a termination event for short volatility products. XIV is down to 20 in the aftermarket, was 145 a few weeks ago. At 80% down they can liquidate the fund.


#590

Anyone trading that shit should know what they are at. Picking up pennies in front of a steamroller


#591

Love that. Will be using it tomorrow.


#592

XIV is a Credit Suisse product. Just read that they hold almost 5 million shares themselves, so if it’s liquidated, that’s about a half billion loss or half a year of their profits.

I wonder what their auditors will have to say about this one? It could of course be a “glitch” that will get magically fixed overnight.

Cunts holding 5 million shares of a product that they describe in their own literature as “may not be suitable for investors who plan to hold for more than one day” :joy::rofl:


#593

6500


#594

Dipping under 6000 in places. Low of $5,949.92


#595

Where did you read they had that kind of exposure? I’m calling bollox on that, if it was true their shares should be in the toilet this morning.


#596

A time for cool heads and dry pants.


#597

Back over $7000. Hmmm.


#598

#599

CS shares are holding up as they announced this morning that the position is fully hedged.
XIV has been terminated, “investors” will find out on February 21 what the settlement price is.

https://www.credit-suisse.com/pwp/cc/doc/credit_suisse_age_event_acceleration_xiv_etns.pdf


#600

ouch…