Question: If Bitcoin Futures are bad why do the Winklevoss...

[Thatstinks]

Generally btc holders agree while short term up until 10th or so BTC may rise that shortly after a huge short will be taken by wall street hedges and price will fall greatly! So WHY WHY do the new billionaire brothers the Winklevoss's WANT a futures trade to happen?

Why?

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[DannyHamilton]

Generally btc holders agree

You appear to be in an echo chamber.

Perhaps you should expand the circle of people you engage with to get additional opinions.

[madentopere]

Generally btc holders agree while short term up until 10th or so BTC may rise that shortly after a huge short will be taken by wall street hedges and price will fall greatly! So WHY WHY do the new billionaire brothers the Winklevoss's WANT a futures trade to happen?

Why?

when billionaire talk about investment they talk about 1M at little 100BTC (most of them make deals with government).

while they can use this 1M and earn more from them trusted way.

[Iranus]

Generally btc holders agree while short term up until 10th or so BTC may rise that shortly after a huge short will be taken by wall street hedges and price will fall greatly!

This is the first time I've seen this prediction.  I'm pretty sure that BTC holders don't "generally agree" about this. 

I also don't see why you assume that Wall Street will act in the specific way that you expect them to.  They have quite varied views on BTC and eve the ones that believe BTC is in a bubble wouldn't necessarily short it.

So WHY WHY do the new billionaire brothers the Winklevoss's WANT a futures trade to happen?

Because they don't think the same thing that you've said.  It's perfectly possible that it could cause the price to rise, depending on who gets involved.

It's also possible that more people would get involved out of curiosity if BTC is introduced to more regulated and mainstream financial markets.

[Thatstinks]

I think any research will clearly show they do not need BTC to short or go long, it is all cash settlements.

Secondly nearly all the talking heads worth listening to and btc news sites like coindesk ALL agree that there is a HUGE chance it gets shorted to hell.

You do understand that they make just as much by shorting when the price goes down, money on both sides. No NEED to see a price rise to make money.

Just sayin it is a big risk week coming. The Banks/Wall street can short it to $1000 and make a boat load all while buying it up on the way dwn on exchanges thus taking control, it is a real possibility.

Hope I am wrong.

[DannyHamilton]

I think any research will clearly show they do not need BTC to short or go long, it is all cash settlements.

Correct.  This is how the futures market will work.

Secondly nearly all the talking heads worth listening to and btc news sites like coindesk ALL agree that there is a HUGE chance it gets shorted to hell.

Not the ones I'm listening to.  "Nearly all" is a rather bold statement, and "worth listening to" is an indication that (as I already mentioned) you are in a bit of an echo chamber. You may want to broaden the scope of opinions that you expose yourself to if you want a more balanced view of the world.

You do understand that they make just as much by shorting when the price goes down, money on both sides. No NEED to see a price rise to make money.

Yep.  That's how short positions work. You sell something today that you don't have and buy it later at its future price. If the price goes down between the sell price and the buy price then the difference is your profit.  If the price goes up between the sell price and the buy price then the difference is your loss.

It's a dangerous game.  Your profits are limited (price can't drop below zero).  However, your losses are unlimited (price can just keep going up).

Just sayin it is a big risk week coming.

Bitcoin has been a big risk since the day it was introduced.  If you are storing value in bitcoin that you would be devastated to lose, then you have too much money in bitcoin.

The Banks/Wall street can short it to $1000

And if it goes up, they are going to lose a LOT of money.

and make a boat load

Or lose a boat load.

all while buying it up on the way dwn on exchanges thus taking control, it is a real possibility.

Hope I am wrong.

Time will tell.  It's a great time to be alive, isn't it?  So much excitement in the world.

[NorrisK]

Why do they want it to happen? To generate more and serious traffic on their platform that will make them a lot of money next to the wealth they acquired with their bitcoin stash.

They play the long game, not get rich quick game.

[Thatstinks]

Why do they want it to happen? To generate more and serious traffic on their platform that will make them a lot of money next to the wealth they acquired with their bitcoin stash.

They play the long game, not get rich quick game.

You are not listening, they make the SAME money shorting with the chance to buy cheap coin at the same time. Price increase is NOT needed this is not the market we currently rely on for profit. These guys are brutal and have a TON of cash.

They can play both games!

[Thatstinks]

I think any research will clearly show they do not need BTC to short or go long, it is all cash settlements.

Correct.  This is how the futures market will work.

Secondly nearly all the talking heads worth listening to and btc news sites like coindesk ALL agree that there is a HUGE chance it gets shorted to hell.

Not the ones I'm listening to.  "Nearly all" is a rather bold statement, and "worth listening to" is an indication that (as I already mentioned) you are in a bit of an echo chamber. You may want to broaden the scope of opinions that you expose yourself to if you want a more balanced view of the world.

You do understand that they make just as much by shorting when the price goes down, money on both sides. No NEED to see a price rise to make money.

Yep.  That's how short positions work. You sell something today that you don't have and buy it later at its future price. If the price goes down between the sell price and the buy price then the difference is your profit.  If the price goes up between the sell price and the buy price then the difference is your loss.

It's a dangerous game.  Your profits are limited (price can't drop below zero).  However, your losses are unlimited (price can just keep going up).

Just sayin it is a big risk week coming.

Bitcoin has been a big risk since the day it was introduced.  If you are storing value in bitcoin that you would be devastated to lose, then you have too much money in bitcoin.

The Banks/Wall street can short it to $1000

And if it goes up, they are going to lose a LOT of money.

and make a boat load

Or lose a boat load.

all while buying it up on the way dwn on exchanges thus taking control, it is a real possibility.

Hope I am wrong.

Time will tell.  It's a great time to be alive, isn't it?  So much excitement in the world.

Your reply is the other side of my train of thought, that is why a HODL or sell now and watch is the big question.

[tj4dmx7]

Hi,
I just read your post about your ordeal with Ninjahitoko in 2015.
At the end,i was happy you got your money back from paypal via chargeback.
And it is so interesting to know that your reputation was not affected afterall while his was seriously affected.

Regards.

PS:  I am a newbie on crypocurrencies,your good advise and experiences will be highly appreciated.