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2018 Winter Olympics PhotoShop Thread
Needs more love
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Feb 14th, 2018
President Donald Trump - The Second Year
Yeah, you may have a point there. I'm not sure why ppl need to go to college to learn to not like assholes who treat other people like absolute shit their entire lives and can only surround themselves with morons as a result, but it would seem that's where we are at as a society.
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Feb 12th, 2018
Crypto wagering
As long as we are acknowledging this is now a subject change.... Your 2000 bet is a different ball of wax because the strike price for the bet is below current and not above. In the case of the 2000, yes I agree you cannot do a simple hedge on that one because there are quite a few outcomes where you could both lose the bet and lose money on a simple BTC buy or short. If you buy BTC you are screwed between 2001-current price and if you short BTC you are screwed if BTC finishes up at all because not only will you not win the bet but you will also lose on your short. And several other ...
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Feb 7th, 2018
Crypto wagering
It's all good buddy, apology accepted. I tried to be as patient as I could, and probably failed in that regard at some point, so apologize for pushing too hard and not realizing that you were probably struggling with other stuff.
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Feb 7th, 2018
Crypto wagering
You won $1000 on the wager and lost absolutely nothing overall If it goes to $10, You won $1000 on the wager and lost absolutely nothing overall If it goes to $20, You won $1000 on the wager and lost absolutely nothing overall If it goes to $50, You won $1000 on the wager and lost absolutely nothing overall If it goes to $100, You won $1000 on the wager and lost absolutely nothing overall The extremely simple hedge ensures you will lose absolutely nothing overall in every possible end-of-bet scenario As has been the case since page 1
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Feb 7th, 2018
Crypto wagering
And even that cant happen with limit orders. If someone tries to buy at 27k and I have a limit sell in for 25k, they have to buy up all the shares at 25k before the price moves up.
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Feb 6th, 2018
Crypto wagering
Respect is earned. You've treated everyone of us ITT like we are fucking idiots and it's insulting. Or the greatest OT troll in a long time, and if so, I'll say "well played, sir".
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Feb 6th, 2018
Crypto wagering
You don't even need to wait for it to get to 30k to sell the hedge and lock in a profit. In the sample scenario of buying 1k worth at 7k, you could put your stop in at like 25k and lock in a ~$1000 profit even if you lose the bet at 30k. You don't have to sell the hedge exactly at 30k for it to work.
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Feb 6th, 2018
Crypto wagering
It is posted on page 4. I'm sorry if you are too lazy to use it. Not my problem
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Feb 6th, 2018
Crypto wagering
The scenario of it going to 30 and going right back down is ABSOLUTELY IRRELEVANT TO THIS BET. With a stop limit in at 29,900, you will reap a giant BTC profit that allows you to pay off what you owe in the bet and keep even more for yourself than you were going to win if it went to 5k.
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Feb 6th, 2018
Crypto wagering
You can be in a coma as long as you put your stop sell in at 29k the min you buy it. It's absolutely fool proof. You can win from the grave if you get hit by a bus, your stop sell will trigger at 29k and you can posthumously laugh at us from the grave
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Feb 6th, 2018
Crypto wagering
Complete garbage. I'm looking at every possible scenario that ends the bet. It can go to 30k any day and the bet is over. Or it cannot go to 30k before Dec 31 and the bet is over then. The simple steps I laid out for you above cover every possible bet outcome, regardless of price volatility or any other bullshit factor you have tried to raise here. No one gives a single fuck about "trade valuation" here, that has never been mentioned by anyone but you, and it is 100% irrelevant to the discussion of whether or not your initial bet was rigged in such a way that you could guarantee ...
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Feb 6th, 2018
Crypto wagering
BTC goes down to 3500, lose half your BTC money or $500. But you won $1000 on the wager, so you are still up $500 overall. A hedge normally limits your winnings. This hedge is no different. but it guarantees you that you will finish ahead no matter what. As has been the case since page 1
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Feb 6th, 2018
Crypto wagering
No, No, No This is insane. You don't need deltas or any advanced analytics at all. 1) If you stand to gain $1000 in the wager, buy $1000 in BTC (0.142857143 BTC at $7000) 2) Put in a limit sell at $29,900 (or even $25,000 would still result in a profit) 3) Let the bet run its course and sell the BTC on Dec 31 if you win the bet and it never reaches $30k That's it. You are fully hedged, can't lose. Period. Full Stop. Has nothing to do with volatility Has nothing to do with deltas Is not dynamic anything. It's a fool proof way to very easily hedge the bet
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Feb 6th, 2018
Crypto wagering
No, I'm not making a spreadsheet for you. I gave you the data set on page 4. If you want to play with it, go right ahead. If you don't, that's fine too. None of that changes the fact that there is an extremely simple hedge for the bet you mentioned, it's listed on page 1, and it makes you come out a winner in every possible scenario. As the data set shows.
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Feb 6th, 2018
Crypto wagering
Yes, I'm going the moron route. You asked me what if I didn't cash my hedge in when I was supposed to. that is a dumb fucking question. I never stated, nor did you ask for, any "equations". I showed the net results of the wager and hedge at every $500 increment from BTC price of 0 to 30k. They all result in wins for you. As has been the case since page 1.
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Feb 6th, 2018
Crypto wagering
Reading comprehension. The purpose of a hedge is to make money at the end of a bet. If the price goes to 30k, the bet is over, you sell your BTC right then and there and pay out the wager and keep your BTC profit. End of bet, end of BTC position. The price the next day is completely irrelevant. That is how you hedge the bet, and by doing it that way, you would never lose money. what you just asked is, what if I was a complete fucking moron and didn't use the hedge the way it was intended and held onto the BTC after the bet ended' That is a hypothetical that only a moron would embark ...
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Feb 6th, 2018
Crypto wagering
This is a bet that you can hedge very simply. By buying the cash amount you stand to win in BTC on day 1 of the bet and holding until the day the bet ends and then selling. It's that simple. that hedges the wager and you cannot lose any money. the data set on page 4 shows it. If it hits 30k, you will earn in BTC roughly 2X what you will lose on the wager, no matter how much you bet. It's that simple
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Feb 6th, 2018
Crypto wagering
Every scenario is in the data set. they are ALL winners. Even if you lose the bet because it hits 30k you will still earn in BTC gain roughly 2X what you lost. 0.142857143," $30,000.00 ",-1600," $3,285.71 "," $1,685.71 "
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Feb 6th, 2018
Crypto wagering
It's not complex and not difficult to hedge. We just gave you a data set and a simplistic method for hedging that provides a profit in every scenario, based on the bet parameters you specified. Stop saying it's complex, it's not. all you have to do is buy what you stand to win in BTC the day the bet starts and sell it the day the bet ends. Period, end of story. You can't lose. the data set shows it.
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Feb 6th, 2018
Crypto wagering
too much work, you can read it if you really want to. the columns from left to right read like this" BTC Shares (which is fixed, we are assuming you buy 1000 worth of BTC priced at 7000 at the beginning of the bet) Ending BTC Price (either at the point where it reached 30k or Dec 31 if it doesnt) Bet Result at that given end price BTC HODL Result at that given end price TOTAL RESULT Some examples: 0.142857143," $1,500.00 ",1000, $(785.71), $214.29 Bet went the distance and BTC price ended 1500. You won $1000 on the bet, sold your BTC and lost 785 on that transaction for a net profit of ...
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Feb 6th, 2018
Crypto wagering

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Feb 6th, 2018
Crypto wagering
The nomenclature you are looking for is a binary option. It has a yes/no result based on hitting a price in a given timeframe for a total gain or total loss financial result. It's that simple. There is no argument, and no other financial terminology to use to describe the wager you proposed. In this specific case, you can hedge the loss result by actually investing in BTC at the beginning of the bet, the same amount you stood to win if it doesnt go to 30k. Based on the terrible odds you provided, there is no possible price scenario where you would lose money if you hedged in that manner, ...
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Feb 6th, 2018
Crypto wagering
Only thing this thread is missing at this point is Dyz. Of course, I can see him not wanting his record of pages where one person is carrying the side of an argument vs the rest of OT to be snapped, so maybe he will stay away.
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Feb 6th, 2018
Crypto wagering
Barrier options are not paid when the barrier is hit. they are knocked into or out of existence when the barrier is hit, for a separate strike price. It (the wager) is a binary option
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Feb 6th, 2018
Crypto wagering
His bet was NOT structured as a barrier option. Barrier options have provisions to be knocked in or out based on a barrier price, which is different than the actual strike price of the option. Even suggesting that there are enough parameters involved in this proposed wager to be a barrier option is among the dumbest things ever posted in OT. The wager (offering 8-to-5 on 30k) has a yes/no result and a yes/no payout. It's a binary option. the proposed hedge ends when the bet ends. Hedges are for the purposes of finishing a bet with a net gain. what the price of BTC does after the bet ...
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Feb 6th, 2018
Crypto wagering
1000 to your 1600' Or do you want to set it up as a barrier option
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Feb 6th, 2018
Crypto wagering
I did, they are right there in the sheet in parens
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Feb 6th, 2018
Crypto wagering
.
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Feb 6th, 2018
Crypto wagering
Guys, I think we all fell for the ultimate troll, my favorite part was when he tried to call this wager (which is a binary option) a barrier option to keep the argument going. Among the most well played trolls in the history of OT. Here is some CSV data that proves how incredibly stupid this argument was, and clearly shows how he would make money at any $500 increment between 0 and 30k. BTC Shares,Ending BTC Price,Bet Result,BTC HODL Result,TOTAL 0.142857143, $- ,1000," $(1,000.00)", $- 0.142857143, $500.00 ,1000, $(928.57), $71.43 0.142857143," $1,000.00 ",1000, $(857.14), $142.86 ...
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Feb 6th, 2018