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So is futures trading going to drive Btc up or down?
| fuchsia dragon | 12/06/17 |
| Galvanic Whorehouse Rigor | 12/06/17 |
| fuchsia dragon | 12/06/17 |
| disrespectful pisswyrm associate | 12/06/17 |
| Umber Violent Scourge Upon The Earth Son Of Senegal | 12/06/17 |
| beady-eyed public bath friendly grandma | 12/06/17 |
| Galvanic Whorehouse Rigor | 12/06/17 |
| supple costumed main people | 12/06/17 |
Poast new message in this thread
Date: December 6th, 2017 11:06 AM Author: fuchsia dragon I bet up, because any news is good news for BTC (http://www.autoadmit.com/thread.php?thread_id=3819738&forum_id=7#34852342) |
Date: December 6th, 2017 1:04 PM Author: Galvanic Whorehouse Rigor cq (http://www.autoadmit.com/thread.php?thread_id=3819738&forum_id=7#34853322) |
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Date: December 6th, 2017 3:23 PM Author: fuchsia dragon (http://www.autoadmit.com/thread.php?thread_id=3819738&forum_id=7#34854471) |
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Date: December 6th, 2017 5:41 PM Author: disrespectful pisswyrm associate 50/50, etc. etc. (http://www.autoadmit.com/thread.php?thread_id=3819738&forum_id=7#34855667) |
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Date: December 6th, 2017 6:49 PM Author: Umber Violent Scourge Upon The Earth Son Of Senegal Traditional signs point to down, so probably up (http://www.autoadmit.com/thread.php?thread_id=3819738&forum_id=7#34856105) |
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Date: December 6th, 2017 8:29 PM Author: beady-eyed public bath friendly grandma 99% of hedge funds are smart so they recognize bitcoin is retarded. all theyve needed is a way to annihilating retarded irrational libertarians thats permitted by their lp agreements. now they finally have one. (http://www.autoadmit.com/thread.php?thread_id=3819738&forum_id=7#34856673) |
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Date: December 6th, 2017 10:07 PM Author: Galvanic Whorehouse Rigor how would the existence of futures help them destroy bitcoin? what if hedge fund folks see value in bitcoin. what then huh? (http://www.autoadmit.com/thread.php?thread_id=3819738&forum_id=7#34857425) |
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Date: December 6th, 2017 10:59 PM Author: supple costumed main people Bull case: Bitcoin is the original cryptocurrency, has high name recognition, can't be hacked, is easier and cheaper to store and transfer than gold. It's worth only $240 billion; gold is worth trillions. Bitcoin should be worth as much as gold or more. Futures make the product feel more legitimate, and more boomers will buy in.
Bear case: Cryptocurrency is a legitimate innovation. However, there are hundreds of competitors to Bitcoin. Some are markedly better than Bitcoin in terms of transfer speeds and transfer costs. There is no consumer lock-in with Bitcoin. The price of switching from Bitcoin to another currency is minimal: just convert from one to another on an exchange. Bitcoin's core developers, like Occupy Wall Street, seem perhaps pathologically averse to central leadership. They have no single benevolent leader who is capable of moving the project forward without provoking calls for forks. Ethereum, which has enormous flaws of its own, is nonetheless improving much faster than Bitcoin. Ethereum can already do about 10 transactions per second; Bitcoin does about 7; VISA does thousands. Several companies have released or will release in the near future cryptocurrencies with speeds on the VISA scale.
Couldn't some firm quietly accumulate Bitcoin and place it on the exchanges that constitute the CBoE or CME indexes? Couldn't they open massive short positions in Bitcoin futures and dump all of their Bitcoin on the relevant exchanges? According to Cryptowatch (https://cryptowat.ch/gdax/btcusd) you'd only need to sell a few million dollars of Bitcoin to tank the price by $1000. How much would you need to sell to crash the price on a few exchanges?
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