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RE: Could Bitcoin Futures (Bitcoin Bananas) nail the price of Bitcoin to the floor?
They supposedly could nail the price of bitcoin to the floor.
But it gets exponentially harder to keep a ball underwater the further down it goes.
And what will the market do when it sees bitcoin spike?
you got your 10¢ contract... and now should be paid $1000.
People on the other end cannot pay that.
Not without having the FED be directly connected.
So, a lot of it is going to go unpaid, rather quickly.
And then the price of bitcoin goes nuts.
Thanks for the comment.
I wanted to put this Blog out, not to alarm people, but to make people aware of what impact Bitcoin Futures could have.
Currently, Bitcoin has a Market Valuation of approx $150billion.
With Bitcoin Futures, Bitcoin Derivative Contracts and Bitcoin ETFs we could easily see a leveraged "Shadowed Market" for Bitcoin in excess of $15 trillion without breaking out in a sweat with the price going in whatever direction the one with the biggest "Fiat Printing Press" to hand..!!
Stephen
So well said!
Financial prices going in whatever direction by the ones with the biggest "Fiat Printing Press" to hand..!!
You got a 2.20% upvote from @minnowvotes courtesy of @agrostis!