aminorex
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Activity: 1596
Merit: 1030
Sine secretum non libertas
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November 21, 2017, 03:12:57 AM |
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Speculation: Bitcoin crashes when futures go live. The altcoin rubber-band effect means XMR USD price goes higher initially, several days, then follows BTC down.
What's the reasoning behind the idea that BTC futures will go down? I get the rest of it. You can sell futures without borrowing BTC. If you sell enough, the spot market will follow the futures down as arbitrageurs buy the futures and sell at spot. If you want to accumulate a lot of BTC step 1 is to push the price down as far as possible. And keep pushing until you are full. Indeed you might simultaneously go short on the margin markets, and cover both at your preferred bottom. Futures have been used to suppress hard money pricing for decades.
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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Hueristic
Legendary
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Activity: 3948
Merit: 5361
Doomed to see the future and unable to prevent it
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November 21, 2017, 05:37:37 AM |
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Speculation: Bitcoin crashes when futures go live. The altcoin rubber-band effect means XMR USD price goes higher initially, several days, then follows BTC down.
What's the reasoning behind the idea that BTC futures will go down? I get the rest of it. You can sell futures without borrowing BTC. If you sell enough, the spot market will follow the futures down as arbitrageurs buy the futures and sell at spot. If you want to accumulate a lot of BTC step 1 is to push the price down as far as possible. And keep pushing until you are full. Indeed you might simultaneously go short on the margin markets, and cover both at your preferred bottom. Futures have been used to suppress hard money pricing for decades. So, it is a self fulfilling prophecy. How much capitol would this take to get that ball rolling do you think? Where would the tipping point be?
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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TheFuzzStone
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Activity: 1512
Merit: 1442
thefuzzstone.github.io
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November 21, 2017, 09:23:12 AM |
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kurious
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Activity: 2590
Merit: 1643
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November 21, 2017, 10:10:05 AM |
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Subjective opinion - is 'community' a measurable metric to be trusted? I never understood how coingecko worked it out.
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我想要火箭和火车
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garytheasshole
Full Member
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Activity: 406
Merit: 105
Chosŏn Minjujuŭi Inmin Konghwaguk
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November 21, 2017, 10:14:03 AM |
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Subjective opinion - is 'community' a measurable metric to be trusted? I never understood how coingecko worked it out. shills/bullshit*100
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kurious
Legendary
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Activity: 2590
Merit: 1643
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November 21, 2017, 10:14:05 AM |
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Speculation: Bitcoin crashes when futures go live. The altcoin rubber-band effect means XMR USD price goes higher initially, several days, then follows BTC down.
What's the reasoning behind the idea that BTC futures will go down? I get the rest of it. You can sell futures without borrowing BTC. If you sell enough, the spot market will follow the futures down as arbitrageurs buy the futures and sell at spot. If you want to accumulate a lot of BTC step 1 is to push the price down as far as possible. And keep pushing until you are full. Indeed you might simultaneously go short on the margin markets, and cover both at your preferred bottom. Futures have been used to suppress hard money pricing for decades. Futures markets often end up being far bigger and more important than the actual market they are based upon. So this is entirely possible, even likely. I have a hedge fund manager friend who pointed this out and told me that it was what the market (they) had been waiting for to get in.
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我想要火箭和火车
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rinus
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November 21, 2017, 11:33:56 AM |
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Speculation: Bitcoin crashes when futures go live. The altcoin rubber-band effect means XMR USD price goes higher initially, several days, then follows BTC down.
What's the reasoning behind the idea that BTC futures will go down? I get the rest of it. You can sell futures without borrowing BTC. If you sell enough, the spot market will follow the futures down as arbitrageurs buy the futures and sell at spot. If you want to accumulate a lot of BTC step 1 is to push the price down as far as possible. And keep pushing until you are full. Indeed you might simultaneously go short on the margin markets, and cover both at your preferred bottom. Futures have been used to suppress hard money pricing for decades. Futures markets often end up being far bigger and more important than the actual market they are based upon. So this is entirely possible, even likely. I have a hedge fund manager friend who pointed this out and told me that it was what the market (they) had been waiting for to get in. So this Bitcoin Future is a bad thing ? In what time period we are talking ?
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Febo
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Activity: 2730
Merit: 1288
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November 21, 2017, 12:21:05 PM |
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Speculation: Bitcoin crashes when futures go live. The altcoin rubber-band effect means XMR USD price goes higher initially, several days, then follows BTC down.
What's the reasoning behind the idea that BTC futures will go down? I get the rest of it. You can sell futures without borrowing BTC. If you sell enough, the spot market will follow the futures down as arbitrageurs buy the futures and sell at spot. If you want to accumulate a lot of BTC step 1 is to push the price down as far as possible. And keep pushing until you are full. Indeed you might simultaneously go short on the margin markets, and cover both at your preferred bottom. Futures have been used to suppress hard money pricing for decades. Futures markets often end up being far bigger and more important than the actual market they are based upon. So this is entirely possible, even likely. I have a hedge fund manager friend who pointed this out and told me that it was what the market (they) had been waiting for to get in. So this Bitcoin Future is a bad thing ? In what time period we are talking ? Futures are like margin trading. So shorting or longing Bitcoin. It already exist but not on wall street. Futures should help stabilize price of Bitcoin so we should not see +10% and -10% a day movements. but ofcourse it will not stabilize first day. It will push price up a lot and then, might even take years will be huge crash and after that quiet stable price will be found. After price will stabilize we will get is Bitcoin that will not attract people with x10 price in a year anymore. 90% people now are attracted only by this reason. New people coming after that in Bitcoin will be interested because of technology.
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rinus
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November 21, 2017, 12:24:48 PM |
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Speculation: Bitcoin crashes when futures go live. The altcoin rubber-band effect means XMR USD price goes higher initially, several days, then follows BTC down.
What's the reasoning behind the idea that BTC futures will go down? I get the rest of it. You can sell futures without borrowing BTC. If you sell enough, the spot market will follow the futures down as arbitrageurs buy the futures and sell at spot. If you want to accumulate a lot of BTC step 1 is to push the price down as far as possible. And keep pushing until you are full. Indeed you might simultaneously go short on the margin markets, and cover both at your preferred bottom. Futures have been used to suppress hard money pricing for decades. Futures markets often end up being far bigger and more important than the actual market they are based upon. So this is entirely possible, even likely. I have a hedge fund manager friend who pointed this out and told me that it was what the market (they) had been waiting for to get in. So this Bitcoin Future is a bad thing ? In what time period we are talking ? Futures are like margin trading. So shorting or longing Bitcoin. It already exist but not on wall street. Futures should help stabilize price of Bitcoin so we should not see +10% and -10% a day movements. but ofcourse it will not stabilize first day. It will push price up a lot and then, might even take years will be huge crash and after that quiet stable price will be found. After price will stabilize we will get is Bitcoin that will not attract people with x10 price in a year anymore. 90% people now are attracted only by this reason. New people coming after that in Bitcoin will be interested because of technology. aha , thx a lot for explaining. so thats not so good for monero as well... i hope it takes years for that to happen. i really want to see XMR go 1000 usd , or that can only be in my wildest dreams? )
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garytheasshole
Full Member
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Activity: 406
Merit: 105
Chosŏn Minjujuŭi Inmin Konghwaguk
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November 21, 2017, 12:26:15 PM |
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Speculation: Bitcoin crashes when futures go live. The altcoin rubber-band effect means XMR USD price goes higher initially, several days, then follows BTC down.
What's the reasoning behind the idea that BTC futures will go down? I get the rest of it. You can sell futures without borrowing BTC. If you sell enough, the spot market will follow the futures down as arbitrageurs buy the futures and sell at spot. If you want to accumulate a lot of BTC step 1 is to push the price down as far as possible. And keep pushing until you are full. Indeed you might simultaneously go short on the margin markets, and cover both at your preferred bottom. Futures have been used to suppress hard money pricing for decades. Futures markets often end up being far bigger and more important than the actual market they are based upon. So this is entirely possible, even likely. I have a hedge fund manager friend who pointed this out and told me that it was what the market (they) had been waiting for to get in. So this Bitcoin Future is a bad thing ? In what time period we are talking ? Futures are like margin trading. So shorting or longing Bitcoin. It already exist but not on wall street. Futures should help stabilize price of Bitcoin so we should not see +10% and -10% a day movements. but ofcourse it will not stabilize first day. It will push price up a lot and then, might even take years will be huge crash and after that quiet stable price will be found. After price will stabilize we will get is Bitcoin that will not attract people with x10 price in a year anymore. 90% people now are attracted only by this reason. New people coming after that in Bitcoin will be interested because of technology. I don't quite understand how futures will affect current Bitcoin price, will Bitcoin futures be redeemable to Bitcoin at the end of each day?
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Hueristic
Legendary
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Activity: 3948
Merit: 5361
Doomed to see the future and unable to prevent it
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November 21, 2017, 01:41:11 PM |
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Hmm, that is one way to pocket 31 million. I've never even seen a tether chain explorer, I wonder if there were any exchanges in these "lost" tokens?
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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Hueristic
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Activity: 3948
Merit: 5361
Doomed to see the future and unable to prevent it
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November 21, 2017, 02:03:02 PM |
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Thanks. Is there a list of exchange wallets? You would think so on a centralized token system.
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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garytheasshole
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Activity: 406
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Chosŏn Minjujuŭi Inmin Konghwaguk
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November 21, 2017, 02:32:05 PM |
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aminorex
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Activity: 1596
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Sine secretum non libertas
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November 21, 2017, 02:41:53 PM Last edit: November 21, 2017, 03:20:30 PM by aminorex |
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Thanks for that. Happily, it seems they are effectively protecting the interests of legitimate tether holders. Sadly, there is no real arb on the fade.
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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TheFuzzStone
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Activity: 1512
Merit: 1442
thefuzzstone.github.io
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November 21, 2017, 03:27:54 PM |
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Is there a list of exchange wallets? I don't know... Tether always was a scammy shit, take a look in https://tether.to/legal/“Once you have Tethers, you can trade them, keep them, or use them to pay persons that will accept your Tethers. However, Tethers are not money and are not monetary instruments. They are also not stored value or currency. There is no contractual right or other right or legal claim against us to redeem or exchange your Tethers for money. We do not guarantee any right of redemption or exchange of Tethers by us for money. There is no guarantee against losses when you buy, trade, sell, or redeem Tethers.” EDIT. For now site is dead. EDIT#2. Nice article --> http://www.trustnodes.com/2017/11/17/tether-bitfinex-new-mt-gox
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Hueristic
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Activity: 3948
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Doomed to see the future and unable to prevent it
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November 21, 2017, 03:34:28 PM |
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... Tether always was a scammy shit, take a look in https://tether.to/legal/“Once you have Tethers, you can trade them, keep them, or use them to pay persons that will accept your Tethers. However, Tethers are not money and are not monetary instruments. They are also not stored value or currency. There is no contractual right or other right or legal claim against us to redeem or exchange your Tethers for money. We do not guarantee any right of redemption or exchange of Tethers by us for money. There is no guarantee against losses when you buy, trade, sell, or redeem Tethers.” ... EDIT#2. Nice article --> http://www.trustnodes.com/2017/11/17/tether-bitfinex-new-mt-gox Yeah, I never understood why people trusted it in the first place, it's just a very large hot potato game. People just gambling that they will not be holding when the music stops. Lol
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“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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TheFuzzStone
Legendary
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Activity: 1512
Merit: 1442
thefuzzstone.github.io
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November 21, 2017, 03:45:08 PM |
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People just gambling that they will not be holding when the music stops.
Agree. Now I'm waiting for real fucking panic on the market. Hope next few days will be fun!
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garytheasshole
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November 21, 2017, 03:50:07 PM |
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Thanks for that. Happily, it seems they are effectively protecting the interests of legitimate tether holders. Sadly, there is no real arb on the fade.
Or they're just trying to cover their asses for printing hundreds of millions of new tethers these past few months. Blame it on the "hackers" get off scot-free
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