Goldman Sachs with the futures

[ridertiger]

I believe ETFs should be in the game instead of futures, which is a gambling tool anyways.

[BenRickert]

I believe ETFs should be in the game instead of futures, which is a gambling tool anyways.

I guess you don't understand that ETF's are constructed of various derivative products. Futures and Options being the lion's share of their construct. No Futures......no ETF's.

[BenRickert]

If this is just a statement, I think it's okay. but what Goldman and his team are working for is to bring their clients to invest in bitcoins. it will have a positive impact on the market 

NO, it will have a positive impact on GSA's fat bottom line. The "customers" will be raped and fleeced like all GSA "customers".

[Maestro75]

I could not agree more. Nakamato was trying to get rid of our dependency from the darn banks. I am hoping we will accomplish that in our lifetime.

Removing the depending on banks totally will not be possible in our lifetime just like you have expressed concern. Many people out there do not even know about bitcoin and there are countries banning it and making its spread difficult.

[BitcoinFX]

~ Nope. Bitcoin manipulation is clearly impossible and unlikely. Banks cannot and do not manipulate entire countries ...

Hotspots: Greece (1/2)
https://youtu.be/bISfaVkszo0

Hotspots: Greece - (2/2)
https://youtu.be/LnsWEXqhd7M

...

You can buy a real gold (or silver) coin or bar and hold it in your hand (like bitcoin) and only trust yourself.

or

You can buy an imaginary contract which says that own something you actually don't.
- https://en.wikipedia.org/wiki/Gold_certificate
- https://en.wikipedia.org/wiki/Futures_contract

...

It is a crime to sell someone something that you do not own.

EDIT: Also consider that these banking institutions had been reinforcing the same message for years ... that Bitcoin is a 'ponzi' scheme with no intrinsic value or worth. Now that they have customers who are interested in owning bitcoin, they are now happy to sell them 'fake' derivative based bitcoin contracts? Seriously.  

- What's Eating You?
- https://youtu.be/bAF35dekiAY

[ridertiger]

I could not say this better myself. Once they are sure that their customers are asking for the new technology, they are selling them fake derivatives.

~ Nope. Bitcoin manipulation is clearly impossible and unlikely. Banks cannot and do not manipulate entire countries ...

Hotspots: Greece (1/2)
https://youtu.be/bISfaVkszo0

Hotspots: Greece - (2/2)
https://youtu.be/LnsWEXqhd7M

...

You can buy a real gold (or silver) coin or bar and hold it in your hand (like bitcoin) and only trust yourself.

or

You can buy an imaginary contract which says that own something you actually don't.
- https://en.wikipedia.org/wiki/Gold_certificate
- https://en.wikipedia.org/wiki/Futures_contract

...

It is a crime to sell someone something that you do not own.

EDIT: Also consider that these banking institutions had been reinforcing the same message for years ... that Bitcoin is a 'ponzi' scheme with no intrinsic value or worth. Now that they have customers who are interested in owning bitcoin, they are now happy to sell them 'fake' derivative based bitcoin contracts? Seriously. 

- What's Eating You?
- https://youtu.be/bAF35dekiAY

[BenRickert]

~ Nope. Bitcoin manipulation is clearly impossible and unlikely. Banks cannot and do not manipulate entire countries ...

Hotspots: Greece (1/2)
https://youtu.be/bISfaVkszo0

Hotspots: Greece - (2/2)
https://youtu.be/LnsWEXqhd7M

...

You can buy a real gold (or silver) coin or bar and hold it in your hand (like bitcoin) and only trust yourself.

or

You can buy an imaginary contract which says that own something you actually don't.
- https://en.wikipedia.org/wiki/Gold_certificate
- https://en.wikipedia.org/wiki/Futures_contract

...

It is a crime to sell someone something that you do not own.

EDIT: Also consider that these banking institutions had been reinforcing the same message for years ... that Bitcoin is a 'ponzi' scheme with no intrinsic value or worth. Now that they have customers who are interested in owning bitcoin, they are now happy to sell them 'fake' derivative based bitcoin contracts? Seriously.  

- What's Eating You?
- https://youtu.be/bAF35dekiAY

“ imaginary contract”. LMGDAO!! Do you even read what you type? You have NO idea what you’re talking about.

[ridertiger]

I got some cheese the other day, and they said these futures thing where cheese makers purchase milk from the producers is long gone, because the number of milk producers is decreasing. It may be the same thing with bitcoin, if it gets too cheap, people will simply sell their miner computers, and the futures assholes will lose money as well.
So, I dont think they will allow that.

[zxl912157]

I hope do not let Bitcoin in its ownership dominance by Goldman Sachs because we know in is its Bank and Gold cartel all over the world.
When Bitcoin is possessed by him it may happen that his name is Monopoly.

Hope I do not get that way because I'm sure if Bitcoin like that then Bitcoin will lose its price.

[ridertiger]

Goldman Sachs will be doing futures instead of a proper bitcoin desk, I am sick and tired of hearing this. Stop with the futures and start with ETFs please.