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drewg__'s profile
drew
drew
drew
@drewg__

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drew

@drewg__

electronic trading technologist, illiquid commodity futures enthusiast, hedge fund/HFT apologist, big idiot

NYC
Joined April 2009

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    1. Midwestern Hedgie‏ @MidwestHedgie Jan 3

      Midwestern Hedgie Retweeted

      Weirdly, as Bitcoin has no fundamentals at all (it is the purest Ponzi), I have never had a serious urge to ever short it. Whereas any stock that gets disconnected from future cash flows starts tugging at the back of my brain at some point. Maybe I can learn something from this. https://twitter.com/2170cell/status/1345592981877706753 …

      Midwestern Hedgie added,

      This Tweet is unavailable.
      13 replies 0 retweets 64 likes
    2. drew‏ @drewg__ Jan 3
      Replying to @MidwestHedgie

      drew Retweeted drew

      I wouldn't say no fundamentals at all!https://twitter.com/drewg__/status/1344139158898540544?s=19 …

      drew added,

      drew @drewg__
      Probably my biggest crank opinion is that you could construct a fundamental price model for Bitcoin based on prevailing local power prices at large hashing locations https://twitter.com/MKTWgoldstein/status/1343898296897699842 …
      2 replies 0 retweets 2 likes
    3. Midwestern Hedgie‏ @MidwestHedgie Jan 3
      Replying to @drewg__

      nah, i think your model would correlate until it suddenly doesn't. different, but related, from our letter this month:pic.twitter.com/LLcypFV8Zp

      2 replies 0 retweets 8 likes
    4. ONAN‏ @ONAN_OUS Jan 3
      Replying to @MidwestHedgie @drewg__

      I remember ppl saying after the BTC crash last time that the floor on the price ended up being near the cost of the electricity in China where most of it is mined.

      4 replies 0 retweets 7 likes
    5. emily‏ @theemilyaccount Jan 3
      Replying to @ONAN_OUS @MidwestHedgie @drewg__

      if we can all agree btc is just weird energy trading derivatives i’ll agree to think it’s not the worst thing to happen to finance discourse

      2 replies 1 retweet 9 likes
    6. Josh Giersch, But Christmassy  🏳️‍🌈‏ @joshgiersch Jan 3
      Replying to @theemilyaccount

      I’m 100% on board with this, and my personal thought is that we’ll see big electricity-trading shops running Bitcoin mines on the side to capitalize on cheap wholesale power prices

      1 reply 0 retweets 3 likes
    7. emily‏ @theemilyaccount Jan 3
      Replying to @joshgiersch

      i will be paying close attention to the energy side of the internal wiki in case i need to leave immediately

      1 reply 0 retweets 5 likes
    8. Josh Giersch, But Christmassy  🏳️‍🌈‏ @joshgiersch Jan 3
      Replying to @theemilyaccount

      Confession time: I always thought energy would be way more fun to trade than FX. Markets with weird supply/demand constraints are always my favorites

      1 reply 0 retweets 4 likes
      drew‏ @drewg__ Jan 3
      Replying to @joshgiersch @theemilyaccount

      I used to think this until I had to work with the energy exchanges lmao

      8:54 AM - 3 Jan 2021 from Brooklyn, NY
      • 4 Likes
      • Salvatore Rubino Josh Giersch, But Christmassy 🏳️‍🌈 emily Chairman Birb Bernanke (🦃,🦃)
      1 reply 0 retweets 4 likes
        1. emily‏ @theemilyaccount Jan 3
          Replying to @drewg__ @joshgiersch

          wood pellet markets >

          0 replies 0 retweets 1 like
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