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RE: Bitcoin Futures - Options, Contracts and Derivatives!
"How can this happen?"
This is easy to answer, because unless people stand up and stop it, these criminal activities will continue .
Sorry Stephen, but how do we stop it?
The only thing that comes to mind is for everyone to buy Bitcoin, just like buying physical gold and silver. At some point these future markets will collapse if these buyers demand the physical asset itself.
As you have said previously, they manipulate theses markets by running the FIAT printing press. When ever they are caught, they receive a small paltry fine, but have made a fortune! As far as I'm aware, they virtually never ever get convicted and go to prison. The only prominent one I know of is Bernie Madoff, but he stole from the RICH - now that is so wrong.
Two great points!
These Options, Contracts and Derivatives settle in FIAT and if the Contracts agree that this is ok, settlement in the underlying Cryptocurrency will never have to be considered.
Regarding the the Fiat Printing Press you are absolutely right. What most people fail to realise is that Banks can print infinite amounts of Fiat and effectively sell unlimited amounts of Cryptocurrency into the future.
Anyone who thinks that Banks will settle at 21 million BTC are in for a big shock.
Settling these Contracts in Fiat they could in essence sell an unlimited amount of Bitcoin.
I suggested 21 billion BTC just to give people an example, though the figure could essentially be considerably much higher than this.
Thanks for the contribution to the Blog.
Stephen
You got a 2.55% upvote from @minnowvotes courtesy of @agrostis!