Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 04/04/2018, 05:50:36 UTC
Do you really believe ...

What I believe is that the Gemini's management has access to a wholehelluvalot more data on this particular situation than you or I would ever hope to have. I'm sure they've modeled the change twelve ways to Sunday, and their modeling shows this to be their high-probability route forward to profit maximization.

Quote
So, you know as well as me, that you were not being genuine in your answer and you were not really grappling with the real question, right?

Not at all. I was pointing out that your monday morning quarterbacking is worthless.


This is a discussion forum related to bitcoin/usd market matters, so I doubt that it hurts to bat around ideas related to liquidity of a particular exchange and why they are changing their trading fees, and not everyone is as smart as you about the inter-operations of businesses and the supposed validity and efficaciousness of such business decision making (which I would not describe as Monday morning quarterbacking, because they can do whatever the fuck they want, but what they do has effects on what each of us might decide to do in terms of our own trading strategies or however we use their exchange, if at all.. so your monday morning quarter backing analogy seems completely out of place when some of us are participating in the use of such services).  

So even if you assert that Gemini has good business reasons for what they are doing, it still remains a decent topic to discuss why they may be moving away from the common Joe or if that is their motivation.. You know what they say and their business objectives might not line up, either.  

Surely, I am frustrated by the significance of their fee increases because I already had systems set up to use their services; however, now I am incentivized to use their service a lot less because there seem to be a lot of decent services that charge lower fees, which I would prefer to do... Even you seem to be using GDAX, and that has 0% fees for makers, and you seem to be using that kind of incentive - and what if they raise their fees to 1%, you going to change your behavior and perhaps discuss the situation, no?  

... and, yeah, maybe Gemini is going to be able to maintain sufficient trade volume and liquidity to achieve their various unstated objectives - and you are correct that is a risk that they are likely in better position to assess rather than me (or any of us other outsider dweebs) - however, the fact that they made the increase in their trading fees does not mean that they are either correct in their assumptions and/or goals or that their change will achieve their goals (as you seem to imply that whatever the fuck they do, they are smart and they will be successful in reaching their unstated goals.. .. whatever, this is not exactly about them, when we are talking about ourselves and our decisions about whether to use their services and/or how to change our practices, if we choose to do so.  

It seems presumptuous as fuck for you and your whole tone to unnecessarily dismiss and attempt to negate any fruitfulness in batting around this topic.  

You would rather talk about how Bcash is going to be the next bitcoin, or that bcash is the real bitcoin, as if that were to be some kind of more fruit bearing topic?