\
  Where your hard-earned money comes to die. Home.
BackRefresh Options Favorite

So is futures trading going to drive Btc up or down?

I bet up, because any news is good news for BTC
concupiscible milky meetinghouse
  12/06/17
cq
passionate olive whorehouse
  12/06/17
...
concupiscible milky meetinghouse
  12/06/17
50/50, etc. etc.
Crawly Impressive Shrine
  12/06/17
Traditional signs point to down, so probably up
Adventurous misanthropic sex offender
  12/06/17
99% of hedge funds are smart so they recognize bitcoin is re...
dashing nowag
  12/06/17
how would the existence of futures help them destroy bitcoin...
passionate olive whorehouse
  12/06/17
Bull case: Bitcoin is the original cryptocurrency, has high ...
Floppy Azure Alpha Resort
  12/06/17


Poast new message in this thread



Reply Favorite

Date: December 6th, 2017 11:06 AM
Author: concupiscible milky meetinghouse

I bet up, because any news is good news for BTC

(http://www.autoadmit.com/thread.php?thread_id=3819738&forum_id=7#34852342)



Reply Favorite

Date: December 6th, 2017 1:04 PM
Author: passionate olive whorehouse

cq

(http://www.autoadmit.com/thread.php?thread_id=3819738&forum_id=7#34853322)



Reply Favorite

Date: December 6th, 2017 3:23 PM
Author: concupiscible milky meetinghouse



(http://www.autoadmit.com/thread.php?thread_id=3819738&forum_id=7#34854471)



Reply Favorite

Date: December 6th, 2017 5:41 PM
Author: Crawly Impressive Shrine

50/50, etc. etc.

(http://www.autoadmit.com/thread.php?thread_id=3819738&forum_id=7#34855667)



Reply Favorite

Date: December 6th, 2017 6:49 PM
Author: Adventurous misanthropic sex offender

Traditional signs point to down, so probably up

(http://www.autoadmit.com/thread.php?thread_id=3819738&forum_id=7#34856105)



Reply Favorite

Date: December 6th, 2017 8:29 PM
Author: dashing nowag

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)



Reply Favorite

Date: December 6th, 2017 10:07 PM
Author: passionate olive whorehouse

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)



Reply Favorite

Date: December 6th, 2017 10:59 PM
Author: Floppy Azure Alpha Resort

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?



(http://www.autoadmit.com/thread.php?thread_id=3819738&forum_id=7#34857809)