it cannot then sell for less than one dollar.
So its only religion. Because it surely can. It just does not make sense. ... I'm not an expert in anything, especially finances
So because you dont understand something you blame for scam. When I say "zero chance of a September contract trading below $100, below today's spot" I'm refering to today. If tomorrow at some moment spot is $99 than the price of a contract would be $99 plus the premium.
And if tomorrow spot would be 50$? If in september bitcoin would cost 20$? What futures price must be today fo one, who thinks that "zero chance of a September contract trading higher $30"?So you simply dont understad what is a "chance" and "zero chance"
Today with spot at $100 or so a reasonable premium might be, very roughly, $60 to $80.
How did you calculated this? Please, give us a formula If it is below zero than it is much more than a warning.
You are completely wrong