You are viewing a single comment's thread from:

RE: The Big Long – Bitcoin Mega-Rally Continues as Futures Begin Trading – 12/05/17

in #investors-group7 years ago

Hello @helikopterben,

I totally agree with you, I see the trading of Bitcoin Futures as a BAD news.

Bitcoin's purpose is to be a store of value based on scarcity. By allowing bn of $ to poor in and opening the derative Bitcoin market, we are bringing the wolf.

If I was a bank or a government, I would just put some money to short BTC until it loses 50-70% of its value in order to scare crypto-investors away... You would just need 30-40bn$ to control the price (as you can leverage to X5/X10 with futures.

Then by a cascade effect, all the Ponzi Schemes (Bitconnect and co) will fall giving a Scam label to the entire ecosystem and preventing the adoption of this technology.

As with Gold ownership we will soon see a 100 people "owning" the same exact Bitcoin which will defeat the purpose of this crypto...

Take care.

Coin Marketplace

STEEM 0.25
TRX 0.20
JST 0.036
BTC 94745.85
ETH 3468.48
USDT 1.00
SBD 3.48