Re: GAW / Josh Garza discussion Paycoin XPY btc.com Bitcoinist. ALWAYS MAKE MONEY :)
wait wait wait... Where is the 100% proof of me dumping coins on the exchanges?
Oh, the man himself. Can you point me to some details about the xpy.io hedgers? I don't get the part where you pay e.g. a 10% fee for a ~6% gain in 3 months.
Yeah the purpose of this is for people to be able to invest in XPY while completely sharing in the upside verses limiting the downside to a maximum of 10 percent loss. In this account you would need XPY to gain 5 percent to makeup the paid fee.
a good explanation for some people can be found here. http://www.investopedia.com/terms/h/hedge.asp
These are really limited due to the fact its basically shorting XPY for the purpose of us trying to create a protection of sorts for new or current investors. It was started as a pilot to see if this would be something someone is interested in. So far most people are just confused. So maybe the financial move is probably a little to confusing. Ultimately the Goal of this program is to try to create hopefully winning situations for investors into crypto... or at minimum create limited downside propositions.
How is transperancy being handled with xpy.io? I think the idea makes sense but in order for it to even have a hope in succeeding there needs to be transparency for it's holders, what will hurt you the most is people not knowing.
HHMMMMM
A new scam involving "Hedgers" to limit your loss on turdcoin. Gee I think I'll try to hedge my remaining dollar against the........ what now?
OH! FUCKOFF GARBOZO!