You are viewing a single comment's thread from:
RE: Bitcoin Just Smashed Through $12k... Wait, $13k... Now $14k... This Is Getting Ridiculous!
‘The former Federal Reserve Chairman mentioned in a CNBC interview on Wednesday that bitcoin reminded him of the currency issued during America's Colonial past’
He must be older than he looks!!
Seriously though, btc has gone up dramatically over the past few months. The question is, will the introduction of futures continue the rise or result in a large drop as institutions short it?
Im gonna guess both. spikes and drops.
Derivatives are useful for debt based wall st. instruments. Bitcoin supply is capped. Seems it will be difficult to implement the manipulation and scamming ops the financial parasites run as they attack Bitcoin.
That is what your hallucination would say, inside your head.
Very vague post absent logic. Please elaborate your position so we can understand please.
I still struggle to understand how futures will function is such a deregulated market. For example, if the price drops by 20% trading won’t be suspended. It may be suspended on the futures exchange but everywhere else the price could fall by a further 50% or recover and gain 50%. It would just mean those holding futures could only hedge elsewhere!