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Author Topic: How to End CME Futures Market Manipulation on Cryptocurrencies.  (Read 145 times)
Dorkie
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April 05, 2018, 10:09:06 AM
 #1

After reading this article at https://steemit.com/bitcoin/@supercrypto1/4th-dimension-bitcoin-manipulation-cartel-price-suppression-is-the-goal, I can't stop but to write an article on how I think any form of manipulation by any entity can be stopped once and for all.

The answer is the DEX (decentralized exchanges).

Futures market makes available an unlimited opportunity to manipulate the crypto market mainly just because of 2 reasons:

1) We the people, give too much priority to such futures market as a source of price and trade references above every other exchanges and markets (i.e. centralized exchanges and DEX).
Cryptocurrencies are blockchain-based; by right, onchain transactions should be the one to wag the tail, i.e. trades done at DEX (primarily) and centralized exchanges (secondarily) should be the first source of reference. Instead, market behavior is foolishly giving unjustified attention to futures market (which is offchain and worse than centralized exchanges) as the primary source of reference above DEX and centralized exchanges. In other words, the market is foolishly allowing the tail to wag the dog. If the cryptocurrencies crash and burn as result of futures market manipulation, it is only because the market foolishly allows that to happen.

2) Certain participants of the futures market have unfair privilege to issue as many futures contract as possible (without cost, i.e. the need to pay for it) and dump all the contracts onto the market and crash the price.
Gold and silver markets are manipulated just because the banking institution participants are able to issue unlimited quantity of futures contracts to sell onto the market, crashing the price. They have such privilege. None other participants (you and I) have such privilege. Being able to issue unlimited amount of futures contract is almost equivalent to being able to print their own money. If they can issue enough futures contracts to crush the price of gold, silver and bitcoin and buy them back at much lower price on the cheap, then they are making undue profits.

The banking institution participants have the power to manipulate the price of cryptocurrencies only through their self-owned market, i.e. the futures market. They have very limited ability to manipulate the price through the centralized exchanges because they would need ready capital and inventories (with cost) to do the manipulation.
Remember: in the futures market, the banking institution participants can manipulate the price WITHOUT COST. In the centralized exchanges, they can still manipulate the price but WITH COST, thus their manipulative influence through centralized exchanges is highly limited, which is why you don't see much, if at all any, significant manipulation of the cryptocurrency market before the CME futures market.

However, in DEX, no manipulation whatsoever is possible.

If you see a mad dog (CME futures market) running at you, you have 2 options:

1) If you run away from the dog, then you are giving power to the dog to abuse and harass you.
2) If you stand firm and fight, then you are maintain your power (DEX) and tell that dog to get lost.

DEX (decentralized exchanges) is the one and only salvation for the future of cryptocurrency.
The centralized exchanges are second best option.
The futures market is not an option at all and should be totally excluded from any form of reference.

Just as coinmarketcap excluded Korean exchange prices of Ripple because they deviate too far and too high from the fair market, in order to restore market order, we the people should also do the same by excluding all price references from the CME futures market because they are false and fake.

What we the people are foolishly doing as of now...
"Oh look, the CME futures price of bitcoin is at USD6,000. Let us sell everything we have at those centralized exchanges and DEX."
This is akin to the tail wagging the dog. Or akin to a mad dog running at you (for no better reason other than purely to abuse and harass you because you appear weak) and you choose to run away in fear.

What we the people should be doing to restore market order...
"What? The CME futures price of bitcoin crashes to USD6,000? That's irrelevant. The futures market is fake. I refer only to the DEX (primarily) and the centralized exchanges (secondarily) for price. As of now, the price is still at USD18,000 (example) and that's the fair price level for actual transactions."
This is akin to the dog wagging the tail. Or akin to standing firm and ready to fight with a baton/stick to bash that mad dog that is running at you.

If the centralized exchanges allow the magnitude of manipulation we see today from the futures market, then the banking institution participants (some refer to them as the "cartel") would not have the need for the futures market.

The fact that they need the futures market means they can only do their manipulation through the futures market.

And the reason why the futures market has such power in influencing the price of cryptocurrencies is because we give power to such market, i.e. running away when we see a mad dog (CME) running at us.

We don't have to run. We have the power in our hands.
We can take back our power and restore market order by rejecting all price reference from the futures market.

If we know the futures market allows plenty of undue, unfair, and unjustified market manipulation, then why do we still give significance to it?
Why do we still refer to the futures market as a primary source of reference?
By right, whatever the price and volume referenced from such market should be deem as fake, false, irrelevant, and should be excluded/rejected.

We should not allow the price and transactions made from the futures market to dictate the price at the DEX and centralized exchanges.
Just as we do not allow the price of fake products to dictate the price of original products.
We do not see branded, luxurious and high quality products dropping to lower prices just because of fake knockoff imitation products selling much cheaper.
So why do we allow the price of cryptocurrencies determined in fair manner (at DEX and centralized exchanges, onchain and transparent) to be dictated by the fake and manipulated price of CME futures market (offchain and opaque)?

If we reject all price reference from the fake + false futures market, then we can stop their manipulation.

If reference priority is given to DEX and centralized exchanges first, and futures market last (or not at all), then we can stop their manipulation.

Gold and silver market continue to be manipulated because the official institutions (companies, miners, dealers, etc that are ex-bankers) recognize gold and silver's futures market price as primary source of reference.

In the world of cryptocurrency, we the people ARE the official institutions. So please make the right decision on recognizing which market is the primary source of official reference. Don't let the unofficial and the outcast (i.e. the banking institutions) to decide for us.

Original source @ https://steemit.com/crypto/@dorky/how-to-end-cme-futures-market-manipulation-on-cryptocurrencies
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stompix
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April 05, 2018, 10:47:57 AM
Last edit: April 05, 2018, 10:58:33 AM by stompix
 #2

2) Certain participants of the futures market have unfair privilege to issue as many futures contract as possible (without cost, i.e. the need to pay for it) and dump all the contracts onto the market and crash the price.
Gold and silver markets are manipulated just because the banking institution participants are able to issue unlimited quantity of futures contracts to sell onto the market, crashing the price. They have such privilege. None other participants (you and I) have such privilege. Being able to issue unlimited amount of futures contract is almost equivalent to being able to print their own money. If they can issue enough futures contracts to crush the price of gold, silver and bitcoin and buy them back at much lower price on the cheap, then they are making undue profits.

How can they crash the market by dumping contracts?
They can issue as many contracts as they want this is not going to affect the price.
How can you affect the price if there is no settlement in bitcoin and everybody knows this???
Look at the volume CME has, 7500 BTC?
That's what you're afraid of?

Stop with the conspiracies.....
Till a week ago we blamed the drop on MtGox, now we will blame it on CME next it's the NWO and next the reptilians.
The truth right now is simple. There is no demand for BTC at the current prices. Get over it.
Stop being on of those who always must blame somebody for anything that happens.

If we talk about people that harmed bitcoin the most you have to look close home as you can count them by the hundreds. And one example is that fat frappuciono lover who just yesterday came out and now plays the innocent.


Dorkie
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April 06, 2018, 01:06:51 AM
 #3

How can they crash the market by dumping contracts?
They can issue as many contracts as they want this is not going to affect the price.
How can you affect the price if there is no settlement in bitcoin and everybody knows this???
Look at the volume CME has, 7500 BTC?
That's what you're afraid of?

Stop with the conspiracies.....
Till a week ago we blamed the drop on MtGox, now we will blame it on CME next it's the NWO and next the reptilians.
The truth right now is simple. There is no demand for BTC at the current prices. Get over it.
Stop being on of those who always must blame somebody for anything that happens.

If we talk about people that harmed bitcoin the most you have to look close home as you can count them by the hundreds. And one example is that fat frappuciono lover who just yesterday came out and now plays the innocent.

Conspiracies will not save us.
I have no interest in conspiracies, only in facts.

How can they crash the market by dumping contracts?
They can issue as many contracts as they want this is not going to affect the price?

Are you f***ing kidding me?
This is basic trading 101 knowledge.
It is intellectually retarded people like you that the banking institutions continue to dominate.

But out of kindness...
Yes, they can crash the market by dumping boatload of contracts.
Yes, they dumping boatload of contracts will definitely affect the price directly.
Duhhhhhhhhhhhhhhhhhh............................
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April 06, 2018, 09:00:15 AM
Last edit: April 06, 2018, 10:54:14 AM by stompix
 #4

How can they crash the market by dumping contracts?
They can issue as many contracts as they want this is not going to affect the price.
How can you affect the price if there is no settlement in bitcoin and everybody knows this???
Look at the volume CME has, 7500 BTC?
That's what you're afraid of?

Stop with the conspiracies.....
Till a week ago we blamed the drop on MtGox, now we will blame it on CME next it's the NWO and next the reptilians.
The truth right now is simple. There is no demand for BTC at the current prices. Get over it.
Stop being on of those who always must blame somebody for anything that happens.

If we talk about people that harmed bitcoin the most you have to look close home as you can count them by the hundreds. And one example is that fat frappuciono lover who just yesterday came out and now plays the innocent.

Conspiracies will not save us.
I have no interest in conspiracies, only in facts.

How can they crash the market by dumping contracts?
They can issue as many contracts as they want this is not going to affect the price?

Are you f***ing kidding me?
This is basic trading 101 knowledge.
It is intellectually retarded people like you that the banking institutions continue to dominate.

But out of kindness...
Yes, they can crash the market by dumping boatload of contracts.
Yes, they dumping boatload of contracts will definitely affect the price directly.
Duhhhhhhhhhhhhhhhhhh............................

Well, I asked you about the dumping contracts, the enormous dump of 7500 BTC in all the contracts that expire in April.
And you resorted to insults.Unfortunately for you kid it's not me and the ones like me that are "destroying" BTC and allow the evilz banks to rule the world.

It's people like you who always try to find somebody else to blame for, who can't think clearly, who must always see an enemy that has to be destroyed, out of touch with reality, dealing only in conspiracies, blaming instead or acting.
Tinfoil hats and pitchforks made in paint won't do BTC any good.

And in your response, you haven't addressed the basic question I asked!!!

<LE, sorry for  Grin>

Ps.

I just read one of your first message on this board in which you accuse Theymos of being involved in the "hacking" of your other account.
Just as above, you must always blame everybody else ..

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April 06, 2018, 10:12:04 AM
Merited by stompix (1)
 #5


How can they crash the market by dumping contracts?
They can issue as many contracts as they want this is not going to affect the price.
How can you affect the price if there is no settlement in bitcoin and everybody knows this???


I can answer that one.

By creating a CME Market, the high end players can now ignore the real bitcoin markets where you actually have to buy Bitcoins.

This artificially increases the supply of bitcoin by allowing bitcoin trades without actual bitcoins ever being held or delivered.

It diverts fiat that would have helped keep bitcoins actual supply limited.
It also has a psychological effect of creating a standard price for bitcoin that nothing higher than the CME price should be used to buy a bitcoin.

Combine this, with the Banks now blocking credit card purchases of bitcoin and you can see how
The Powers that Be are manipulating the price and destroying user confidence,
this is a cycle that feeds on itself and will continue to control the price.
Wherever the CME points is where the price will head.

Only 2 things could break this cycle.
1.  Bitcoin actual usage Price exceeds the CME manipulated price to expose it as a sham.
(Doubtful as more transactions volume is flowing into altcoins every day.)

2.  A Law is passed requiring that actual bitcoins be delivered at the end of the CME contracts instead of the fiat only manipulation.
(Also Doubtful as TPTB are manipulating the governments along with the markets.)

I was Red Tagged because Lauda Blows Theymos to get back on DT
The rest are just lauda's personal butt monkeys=> Hhampuz , Vod, TMAN , achow101
Dorkie
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April 06, 2018, 10:18:57 AM
 #6

Why have they fueled the price rise to 20 000 and then to drop it at 6 000?
If they had been accumulating from 1 000 why didn't they crash the market from 2 000 back to 1 000 ?
No real trader and no one who is rich enough to buy thousands of coins would be that stupid to pump the coin to 20x the price when his plan is to accumulate.
If their plan is to accumulate at lower prices what are they doing now?
If they are accumulating right now how is that the price is still going down?
There are so many contradictions here and you haven't addressed any of them.

Well then, why don't you tell me what are the answers to your questions instead.

The futures market is structured in such a way that financial institution participants like the banks have 2 unfair privileges:
1) They can issue as many futures contract as they desire for naked short selling (i.e. selling without owning any inventory).
2) Futures contract can be settled with cash, thus those asking for delivery (be it physical gold/silver or bitcoin) will not be satisfied.

Why they pump and dump to any particular price target is not the most important thing to know.
They could be psychological level. They could be peak level where interests and buying power maxed out.

"If their plan is to accumulate...." --- I never said they are accumulating. You got this from elsewhere, not from me.
"If they are accumulating right now...." --- Irrelevant, as I never make such claim.
"No real trader... when his plan is to accumulate." --- I do not speak on behalf of anyone's plan.

There.
Did I answer your questions?
By right, your questions are not supposed to be directed to me as I never said anyone is planning to accumulate.

Joker.

Regarding Theymos, I was never sure.
But account hacking was prevalent for many years, involving thousands of accounts getting hacked and sold to a 3rd party for money.
So many years have passed and the admin did nothing significant to stop the persistent hacking.
Others sites that are honest with hack prevention would have implemented features like 2FA and email notification, but not this site.
Many others have complained as well as presented evidences pointing to the admin's involvement.
The email notification was never in place to prevent hacking until I caused a ruckus, and then someone suggested email notification, and I pushed hard for it.
If your account now is unhackable, i.e. you get email notification whenever some 3rd party asshole tries to change your password, you can thank me for that.
After considering everything, I have good reasons to suspect the admin is either stupid or directly involved in the hacking operation.

You are a joker.
But I am not laughing.
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April 06, 2018, 10:32:03 AM
Merited by stompix (1), theyoungmillionaire (1)
 #7

Personally, I would say having DEX would stop all manipulation because all transactions would be onchain, i.e. you buy and sell only with what you have, not what you don't have (naked short).

It is a pity that the community takes the lead from the futures market, where most transactions are fake, i.e. you can sell something that you don't have.
By right, a properly functioning market structure should take the lead from DEX first, centralized exchanges second, and futures market last.
That would be like a dog wagging the tail, i.e. bitcoin price following the DEX and centralized exchanges.
But now it is like the tail wagging the dog, i.e. bitcoin price following the futures market.

While centralized exchanges are centralized, they nevertheless are superior in fairness than the futures market because participants cannot sell what they don't have.

Futures market is a bloody fucking fake market and yet everyone follows this fake market price as reference.

In this crypto world, we ARE the official.
So why the hell are we following the lead from this fake unofficial market that is the futures market in telling us what price is fair for bitcoin and others?

It is time we stop these bastards from dictating to us what fake price to follow.
If the price is decided by participants with real inventory to trade, that is a valid price for reference.
If the price is decided by participants with no inventory to trade (i.e. naked short), that is a false price and should be unequivocally rejected by all.
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April 06, 2018, 10:49:58 AM
Last edit: April 06, 2018, 11:22:27 AM by stompix
 #8

Well then, why don't you tell me what are the answers to your questions instead.

The futures market is structured in such a way that financial institution participants like the banks have 2 unfair privileges:
1) They can issue as many futures contract as they desire for naked short selling (i.e. selling without owning any inventory).
2) Futures contract can be settled with cash, thus those asking for delivery (be it physical gold/silver or bitcoin) will not be satisfied.

Why they pump and dump to any particular price target is not the most important thing to know.
They could be psychological level. They could be peak level where interests and buying power maxed out.


Ok, my bad with the accumulation as I responded to another thread in Economy with the same theory and that had the bonus I talked above, that they are suppressing the price to buy coins. So I messed things up a bit while replying to yours so I'll have to delete that part....
Again sorry.
But the rest still stands.

No, let's go back to issuing contracts.

You can't issue contracts like tokens and dump them and I'm pretty sure you know that, otherwise we would see volumes of tens of thousands not a measly 5000 BTC worth a day.

Somebody must be buying those contracts.
If you're going to say that they actually fake those buys then probably it's not worth discussing it anymore.
So unless money flows into CME and others there are no contracts issued. And with those volumes, there aren't!!!!
Which bring me to the points Zin-Zang is making



I can answer that one.

By creating a CME Market, the high end players can now ignore the real bitcoin markets where you actually have to buy Bitcoins.

This artificially increases the supply of bitcoin by allowing bitcoin trades without actual bitcoins ever being held or delivered.It diverts fiat that would have helped keep bitcoins actual supply limited.

Artificially increasing the supply of bitcoin is also artificially increasing the supply of money that flows into it.
Or course you're going to say that this is diluting the prices but it is going to attract more and more buyers and people interested in coins. People who were afraid of buying from some shady exchanges are now interested in crypto....
Bad overall but with good points also....dalmatian  Cheesy

It also has a psychological effect of creating a standard price for bitcoin that nothing higher than the CME price should be used to buy a bitcoin.

Should we do a test?
On how many care and know CME future prices and how many don't give a damn?

Futures market is a bloody fucking fake market and yet everyone follows this fake market price as reference.

Same for you, who gives a damn about futures?
Even news sources are quoting an average or bitfinex directly in some cases.

Combine this, with the Banks now blocking credit card purchases of bitcoin and you can see how
The Powers that Be are manipulating the price and destroying user confidence,
this is a cycle that feeds on itself and will continue to control the price.

If they really wanted to bring down bitcoin do you think that they would have done just that?
Freeze just for a few days Coinbase's accounts and we would be at 3000 in a flash.


Only 2 things could break this cycle.
1.  Bitcoin actual usage Price exceeds the CME manipulated price to expose it as a sham.
(Doubtful as more transactions volume is flowing into altcoins every day.)

2.  A Law is passed requiring that actual bitcoins be delivered at the end of the CME contracts instead of the fiat only manipulation.
(Also Doubtful as TPTB are manipulating the governments along with the markets.)

1. You know that first BTC contratcs on CME went with a huge 10-20% bonus on top BTC price....
1.a Bitcoin is regaining it's dominance in both MC and volume lately so no....

2. As good as it sounds actually I'm against that idea. Doing just one part of it would end up with more manipulation on the markets as people would know when the settlements are and will just inflate the price and dump next day.
It would be far better that it would require that also the issuer of the contracts to have those BTC.
But that would turn all the stuff into a normal exchange.

~
Ok quoting all this is hurting my fingers on a 5".....

With the decentralized idea of an exchange I totally agree.
The only problem is the current implementation and the human nature.

The implementation because the only one I tried had me waiting for 48 hours to get my coins because the method of payment was flagged as ....I really don't remember the term but it it was "not safe" against charge backs and the human greed because they had a huge difference between sell and buy.
Adding the cost of the fiat transaction....not a fan of it.
 





Dorkie
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April 06, 2018, 01:56:00 PM
 #9

Ok, my bad with the accumulation as I responded to another thread in Economy with the same theory and that had the bonus I talked above, that they are suppressing the price to buy coins. So I messed things up a bit while replying to yours so I'll have to delete that part....
Again sorry.
But the rest still stands.

No, let's go back to issuing contracts.

You can't issue contracts like tokens and dump them and I'm pretty sure you know that, otherwise we would see volumes of tens of thousands not a measly 5000 BTC worth a day.

Somebody must be buying those contracts.
If you're going to say that they actually fake those buys then probably it's not worth discussing it anymore.
So unless money flows into CME and others there are no contracts issued. And with those volumes, there aren't!!!!
Which bring me to the points Zin-Zang is making



I can answer that one.

By creating a CME Market, the high end players can now ignore the real bitcoin markets where you actually have to buy Bitcoins.

This artificially increases the supply of bitcoin by allowing bitcoin trades without actual bitcoins ever being held or delivered.It diverts fiat that would have helped keep bitcoins actual supply limited.

Artificially increasing the supply of bitcoin is also artificially increasing the supply of money that flows into it.
Or course you're going to say that this is diluting the prices but it is going to attract more and more buyers and people interested in coins. People who were afraid of buying from some shady exchanges are now interested in crypto....
Bad overall but with good points also....dalmatian  Cheesy

It also has a psychological effect of creating a standard price for bitcoin that nothing higher than the CME price should be used to buy a bitcoin.

Should we do a test?
On how many care and know CME future prices and how many don't give a damn?

Futures market is a bloody fucking fake market and yet everyone follows this fake market price as reference.

Same for you, who gives a damn about futures?
Even news sources are quoting an average or bitfinex directly in some cases.

Combine this, with the Banks now blocking credit card purchases of bitcoin and you can see how
The Powers that Be are manipulating the price and destroying user confidence,
this is a cycle that feeds on itself and will continue to control the price.

If they really wanted to bring down bitcoin do you think that they would have done just that?
Freeze just for a few days Coinbase's accounts and we would be at 3000 in a flash.


Only 2 things could break this cycle.
1.  Bitcoin actual usage Price exceeds the CME manipulated price to expose it as a sham.
(Doubtful as more transactions volume is flowing into altcoins every day.)

2.  A Law is passed requiring that actual bitcoins be delivered at the end of the CME contracts instead of the fiat only manipulation.
(Also Doubtful as TPTB are manipulating the governments along with the markets.)

1. You know that first BTC contratcs on CME went with a huge 10-20% bonus on top BTC price....
1.a Bitcoin is regaining it's dominance in both MC and volume lately so no....

2. As good as it sounds actually I'm against that idea. Doing just one part of it would end up with more manipulation on the markets as people would know when the settlements are and will just inflate the price and dump next day.
It would be far better that it would require that also the issuer of the contracts to have those BTC.
But that would turn all the stuff into a normal exchange.

~
Ok quoting all this is hurting my fingers on a 5".....

With the decentralized idea of an exchange I totally agree.
The only problem is the current implementation and the human nature.

The implementation because the only one I tried had me waiting for 48 hours to get my coins because the method of payment was flagged as ....I really don't remember the term but it it was "not safe" against charge backs and the human greed because they had a huge difference between sell and buy.
Adding the cost of the fiat transaction....not a fan of it.

Apology accepted.

Now if you want to learn more about how the financial institutions game the market through the futures market, you can best learn how from the gold and silver futures market.
Well documented and publicized materials on how the banks game the market by issuing unlimited (or maybe I should say, unrestrained) amount of futures contract.
Additionally, futures contracts are cash-settled, as openly disclosed.
This single term allows unlimited manipulation potential, in combination with the privilege to issue unlimited amount of contracts to do short-selling.
Otherwise why do you think the CME said the bitcoin futures market provides naked short-selling opportunity?
Why would anyone be able to sell emptiness?

Market manipulation includes wash trading, layering, spoofing, front-running, etc.
And yes, submitting fake buy/sell orders is a norm to generate the false impression to the public participants that market is liquid.
Prevalent in the e-mini S&P 500 futures market and other markets.

Quote
You can't issue contracts like tokens and dump them

As a matter of fact, they can do exactly that.

Quote
On how many care and know CME future prices and how many don't give a damn?

As a matter of fact, I am very surprised why the hell are so many idiots give a damn about prices made by the futures market.
Transactions in futures market are opaque, centralized, and as fake as rubber duck.
Just as why commercial institutions care so much about the prices of gold and silver futures market.
By right the moment the businesses (dealers, miners, jewelers, etc) realize the futures contracts are fakes (unlimited issuance with no need for standby inventory in addition to being cash-settled, thus buyers can't demand for physical delivery in case everything else fail), they should have abandoned the futures market and reject whatever price referenced from it.
But no, they accept whatever the fake price put out by this futures market as some credible source of reference.
If I sell 1 BTC to a friend for USD 100, why is my price transacted not credible enough?
Why then are all the fake prices coming out from the asshole of the futures market be accepted as credible?
You mentioned human nature.
Although I can't say for sure what human nature you refer to, but I can tell you human nature is full of shits; irrational, self-contradicting, unreasonable, etc.
That's why the bankers can continue winning.

I don't know what exchange that does the implementation for you, perhaps coinbase?
I never tried out coinbase, but I know it has tons of negative reviews, and yet surprisingly so many people still go for it.
If so, then you should try localbitcoins, or localethereum, or changelly, or shapeshift, to name a few.
These are the gateways to the crypto world.

Thereafter, everything should be way much smoother.
Because by then you can proceed to binance, kucoin, etc that so far have little to no issue of whatever the "implementation" problem.

Please don't give yourself fake excuses and/or false justifications that the futures market is better.
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April 26, 2018, 04:04:08 PM
 #10

90-99% of all the Bitcoin is owned by 1% of all the users.
Bitcoin is an improvement to the monetary system only in efficiency. The main issue of the previous fiat currencies is more abundant in Bitcoin which is the concentration of the elites wealth making all other users slaves for the system.
Fair distribution and manipulation proof are the most important elements needed.
Also note the volatility as a way they increase their holdings through manipulation.
The entire crypto shere has been infiltrated not only bitcoin.

www.bitcoinb.io

Get involved and help expose the manipulation!
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