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Author Topic: 02-26-2015 Bitcoin Futures Will Be The Death Of Bitcoin  (Read 2113 times)
srgkrgkj (OP)
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February 26, 2015, 10:03:30 PM
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http://www.btcfeed.net/educational/bitcoin-futures-will-death-bitcoin/

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cr1776
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February 27, 2015, 01:44:04 AM
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"One of the chief complains...".

And I stopped reading when the first sentence hadn't even been proofread.  Just about every article on there seems to have problems.

Complain and Complaint are different words.
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February 27, 2015, 11:28:57 AM
 #3

As usual, a fly-by-night "e-journalist" has trouble understanding what a futures market is.

Their argument is hinged on "speculators" cornering the market for Bitcoin, in addition to the usual conspiracy-theory of "pump-and-dumps". Naturally, if you had done your research before writing such an article, you'd know that not all futures contracts settle in the underlying commodity.

The S&P 500, traded on the Chicago Mercantile Exchange, is settled in cash -- you don't get 500 stock certificates if you choose to hold until expiration of the futures contract. With no underlying to "squeeze", there is no "corner" possibility, just contracts that are settled at the appropriate date and time.

It is a mish-mash "article" full of the usual paranoia and ill-informed opinions of a marketplace, written by a fool who couldn't be bothered to use fucking spell-check in his first paragraph.

I'd refrain from posting any more "articles" from this source, as it seems to be of D-Grade "blogger" quality, with not much to back it in the way of research.

fortitudinem multis - catenum regit omnia
SirWilliam
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February 27, 2015, 11:42:22 AM
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I've been a professional trader for 15 years and am a longterm BTC holder. I am very happy with the news of the derivatives market. Bitcoin needs this, and insurance, and everything else that people can throw at it or think up to make use of it.

Bitcoin isn't meant to limit or control the financial industry that grows up around it. The fluctuating infrastructure that is built to facilitate and profit from the BTC core technology will only make it stronger and more bulletproof.

Bring it on!  Grin
justusranvier
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February 27, 2015, 03:09:01 PM
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Let them have their fun.

Just remember to keep your bitcoins on the blockchain, and only accept bitcoins on the blockchain as payment.
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February 27, 2015, 04:27:42 PM
 #6

As usual, a fly-by-night "e-journalist" has trouble understanding what a futures market is.

Their argument is hinged on "speculators" cornering the market for Bitcoin, in addition to the usual conspiracy-theory of "pump-and-dumps". Naturally, if you had done your research before writing such an article, you'd know that not all futures contracts settle in the underlying commodity.

The S&P 500, traded on the Chicago Mercantile Exchange, is settled in cash -- you don't get 500 stock certificates if you choose to hold until expiration of the futures contract. With no underlying to "squeeze", there is no "corner" possibility, just contracts that are settled at the appropriate date and time.

It is a mish-mash "article" full of the usual paranoia and ill-informed opinions of a marketplace, written by a fool who couldn't be bothered to use fucking spell-check in his first paragraph.

I'd refrain from posting any more "articles" from this source, as it seems to be of D-Grade "blogger" quality, with not much to back it in the way of research.


Thanks for saving my time, I enjoyed reading your version.  Smiley

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