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RE: The Future of Bitcoin & Bitcoin Futures: An Accountants View
The beauty of a Futures Contract is that it makes Bitcoin useable for large international transactions.
For example, you agree to buy 100 barrels of oil for 1 Bitcoin.
That's great, but what if the price of Bitcoin goes from $6,500 to $100,000 on the payment date?
Now you can use your futures contract to hedge against that risk. You get the security, global reach and low transaction fees of bitcoin, while removing the volatility.
This is why I think the Futures Markets are essential for the growth of Bitcoin.
Yeah, that's hedging. That's what i meant. Right now given low adoption and less use cases, futures havent served a practical purpose other than for speculators to make money. Remittances using bitcoin are still low. Payment in bitcoin also low. Plus retail guys dont have access to futures market easily. I can short a cfd to achieve what you are saying. We need regulation and higher adoption before futures can serve the desired purpose of hedging.
I would have to disagree with that. Futures makes Bitcoin usable for large payments. And if institutions/large corporates can make large payments for close to nothing, they will use more of it, increasing demand.
Yeah i see it differently.
I see your level has gone up.. finally the impact of haejin is gone.
Almost gone, I still see a few flags from him and his other accounts!
I use it as a reminder to go and flag his spam posts ;)
Yeah, i am receiving the flags now. He is wiping out my payouts now. Any suggestions on how best to deal with him?
Is this the first time?
Do you know what you did to upset the #beastofsteemit?
He is too greedy to use his sp to flag everyone. He tends to pick on a few people who he can see as threats.
Act with the community, do not try fight it alone. If he has flagged you, tell everyone.
Follow @flagtarget and flag with the community
Well i had a couple of flags may be a week or 2 ago but last 2 days have been insance. He has wiped out all my earnings, as you may or may not have seen from my posts.
I discussed my opinion about him on a post from allseeingewe and since then he has beem flagging my posts and comments. Yeah seeking help from the community members. Will get in touch with some people on discord tomorrow to see what else i can do. Thanks for the suggestions.