Quote:
Originally Posted by gradx
There are 2 big pieces of the equation you're missing.
1. ACR is itself, an exchange. Customers are depositing and withdrawing. Their holdings are not fluid as a normal investor
2. When ACR needs to go to the open market to fill a BTC request, they have multiple exchanges with varying prices.
I'm not going to get into the hypotheticals. If you can't see the business case for investing (or divesting) the accumulated BTC holdings of normal business operations using forecasted supply & demand as is done in many other industries....
Thanks for taking the time to engage. While I do understand both of those points, I'm definitely not an expert, so I could easily be incorrect and missing something.
It does seem like there would be a way to show a relatively simple example of where they can profit by choosing how long to delay a cashout (specifically, when to transfer bitcoin to the player).
When a cashout request is submitted they hold dollars and their decisions are when to exchange them to bitcoin and when to transfer bitcoin to the player. As you point out, they potentially have additional decisions about how much btc and dollars to hold in reserve.
I'm genuinely interested in how they could exploit the decision of when to transfer bitcoin to the player.