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RE: Bitcoin Futures is the Next Phase of Attack Against Cryptos

in #bitcoin7 years ago

Very nice read and thanks for your thoughts...in my opinion this announcement by th CME Group is probably a good signal that investments in Bitcoin are becoming legal to trade and will be supported by the broader markets. Anyhow I think it is rather complicated to for an investor to use the advantages of Bitcoins when he is just holding a future contract. I think investors want to hold the real deal and use Bitcoin for what it is and a future contract would be just purely price speculation. Therefore there should be a premium to be paid on the real Bitcoin that private investors hold in there wallet.

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You are welcome. I welcome futures markets, just not futures markets run by the rotten CME Group. In fact, this is something that the crypto-community needs to get working on now, fully settled futures in cryptos of all forms backed by a smart contract.

Talk about a job that Ethereum developers SHOULD BE WORKING ON.

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