29 Nov '14, 2pm

Using A Bitcoin Wallet To Take Inexpensive Positions On Goldman Sachs 2015 Recommended Global Macro Trades

Using A Bitcoin Wallet To Take Inexpensive Positions On Goldman Sachs 2015 Recommended Global Macro Trades

First, let's put this in a form that can be traded via UltraCoin. To go long the Eurostoxx 50, we'll receive exposure to the SPDR Eurostoxx 50 long ETF (speculating that the top 50 EZ equities will rise from currency wars & QE) and we will pay exposure to the ProShares Ultra Short Euro ETF (EUO) seeking to provide twice the inverse exposure to the performance of euro versus the U.S. dollar on a daily basis (speculating the euro will fall relative to the US dollar as a result of currency wars & QE) . It should also be noted that leveraged ETF products usually seek to match the return of the euro short against the dollar over a single day. Due to this and the compounding of daily returns, the returns of the product may deviate from long term return rates, suggesting that investors need to monitor their holdings closely if they are going to be in for a long time period. It sh...

Full article: http://www.zerohedge.com/news/2014-11-29/using-bitcoin-wa...

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Coinapult Bitcoin SMS Wallet Allows the World to Send Remittances with Just a Text

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cryptocoinsnews.com 29 Nov '14, 12am

Updated: November 29, 2014 at 3:28 am CET. Earlier today, Coinapult took to the Bitcoin subreddit to unveil their new, glo...