You are viewing a single comment's thread from:
RE: BITCOIN: S.E.C decision to reject the Bitcoin ETF proposal is great news for Bitcoin.
And good luck finding the first million dollars worth of bitcoin for sale the first day, let alone the second, third...
It was a typo. But, I am saying "Physical" bitcoin as opposed to a hypothetical ETF bitcoin.
There are actually contracts, margins and essentially "Shorting" and "Puts" being ordered on Bitfinex (I used to loan my btc out) - so there are bitcoins being traded that don't exist. In other words, there are bets being made on the price without physical delivery going on. But, if it were done on a grand scale on Wall Street, the price would be manipulated to the same extent as gold and silver are today.
Thanks for catching my error!
Ahh. That makes sense now. Have a great weekend. Stephen