Dagdag35Crypto God | CC: 212 QC | WTC: 43 QC2 months ago
Ah more massive dumps everytime future contract expire
Because ‘yeah we are the wallstreet guys we want only ourself to make money so you can work for me rest of youre life’
Here take my extra trillion national debt
3 year bear market next
RaymikqwerCrypto God | CC: 239 QC | MIOTA: 123 QC2 months ago
Fucking hell can we please post something other than nasdaq listing futures
Until they can prove it isn't being manipulated and theft at the exchanges has stopped and wont happen again - it won't get approved. If prices drop much further the interest in it getting approved will drop.
I think that is a fair question. From those I have spoken to in the industry many of these companies do see the possibility of making money from the crypto industry. I think with the power and influence they have they could convince the CFTC to push this through. Of course, I could be wrong but there does seem be an appetite for it
Futures are a requirement to form a complete market (Arrow-Debreu market). If the price of bitcoin falls because of a more complete market being formed, then the price prior was inefficient and not at an equilibrium forcing buyers to pay an unnecessary premium.
I think it may help keep the price more stable. The huge run ups in price followed by large drops will discourage many people and organisations from getting into the market. This past rise and fall have created enough FUD to delay actual adoption. Futures will not suppress the price if there is actual adoption and people wanting to buy to use the Bitcoin. A stable price with measured growth might actually bring about adoption in a shorter period of time than multiple bubbles.
I've come to the same conclusion. A farmer selling his future crop so he can finance his tractors makes perfect sense. But Bitcoin futures are pure gambling, and after that article that postulated it was suppressing price, I guess I hate futures now.
Now, a proper ETF backed with actual coin, yes please. I need this in my Roth IRA.
Don't futures have to have a buyer and a seller? One thinks it will go up and the other down? The only thing that is causing futures to be used to manipulate to me seems that people can just dump Bitcoin and cause the market to crash. Which makes the shorts make more when they feel.like it. In the stock market if its crashing they pretty much stop trading. Not sure if there is a about that for te stock market Anyone know about that?
Futures markets are not supposed to affect spot market prices, but they do. They have an outsized influence. They've been using futures to suppress the price of precious metals for years. All you need to do is look at the gold price chart. It crashes as soon as CFTC/CME futures start.
It won't work the same here because physical delivery is not difficult. Eventually somebody will get stuck owing a bunch of Bitcoin and will need to buy it on the spot market. That will send the price up in a hurry.
Think it like this way, gold has finite supply that's right but it is impossible to affect the spot price just by selling/buying physical gold. The market is beyond huge and the problem is nobody can calculate the exact gold supply. Even if they do, it won't be as certain as bitcoin's supply.
Now think it like this, if they manage to short bitcoin for long long times, Let's say they successfully shorted bitcoin to $1k what'll happen then? Some rich ass guy or... thousands of bitcoin fans will be buying bitcoin like there is no tomorrow. Eventually the supply will dry out. You won't be finding any sellers at some point but people will be buying anyway.
Then what? Price goes fuckin UP!
Long story short, I don't believe futures can tame bitcoin. All they can achieve is cheap bitcoin for everybody for a short period of time.
And this is no different than what we experienced after gox crash. Price goes up, price goes down. Then up again. No big deal.
It won’t be settled in BTC, they’re not going to let bitcoins price run away, as it would of this was granted.
Bitcoin futures payed in cash is all they need to make money, note I said they.
The hodlers just hold the price up slightly within this ecosystem, they control the overall price via paper BTC contracts.
But considering the United States can’t go bankrupt that won’t make any difference.
Plus if you knew anything about economics you’d realise the the US economy overall is in good shape, they’re owed globally virtually as much in payments as they have debt on their books.
Debt in an economy is part and parcel of the structure and managing it by different means and tools is the game.
You most certainly would be bankrupt and in trouble soon enough, in a non spending BTC deflationary economy.