You are viewing a single comment's thread from:
RE: Bitcoin Options are on the way
Hey @jrcornel we just starting following you and upvote your Post. We like the fact that you are using the news of today that pertains to the Cryptocurrency Realm with the fellow Steemians here.
What do you guys think about this decision that the CFTC had made recently?
Good or Bad?
Ultimately I think it will be good as it will open the doors to a wider investor base. People are a lot more likely to invest in Bitcoin if they can hedge their bets to the downside. Thanks for the follow! I am following you as well :)
IMO, short term is good, long term is not so good/vague. Using margin trading by institutions and banks combined with "current volatility" in cryptocurrencies can be very dangerous.
Also it's a great way of manipulating Bitcoin price- the same way they're manipulating & suppressing gold/silver prices.