Bitcoin Futures - Options, Contracts and Derivatives!
#Bitcoin Futures
Options, Contracts and Derivatives
In this Blog, I thought I would share with you my thoughts on a topic that seems to be getting quite a bit of attention lately on Social Media and that is #Bitcoin Futures and the #Bitcoin Options Market.
Regular readers of Blog will know that I am not a big fan of the Options and Futures Market especially when used in a scrupulous way.
Highly corrupt, highly rigged and highly fraudulent
Despite forming the nucleus of the current Global Financial System and totally misunderstood by many, these Markets are highly corrupt, highly rigged and highly fraudulent when they fall into the wrong hands, especially on Wall Street.
If you haven't heard of: Futures, Options, Derivatives and Wall Street, then I highly recommend that you do some research, as I sadly feel you may learn a hard lesson in the criminal activities that sets the foundation of the garbage Global Financial System we currently use and is coming to the #Cryptocurrency Market.
#Bitcoin was never supposed to be regulated
As I have said on many occasions in the past #Bitcoin was never supposed to be regulated and if we accept the regulation of #Bitcoin through these toxic Options and Futures Contracts then you can kiss goodbye to any real true price discovery of #Bitcoin.
21 billion #Bitcoin being sold off into the Futures Market.!!
Should these Options, Futures and Derivatives continue to set a precedence in the #Cryptocurrency Market, then I give it 12 months and these criminals on Wall Street will have 21 billion #Bitcoin being sold off into the Futures Market.!!
With full control of the price, Wall Street will nail the price to the floor, fleece those that are clueless about their criminal activities, reverse their position and rinse and repeat at a new high.
How can this happen?
I am sure that there are many questions that a lot of people will have after reading this with one question standing out ..."How can this happen?"
This is easy to answer, because unless people stand up and stop it, these criminal activities will continue and even more so in a new #Cryptocurrency Market, especially #Bitcoin..!!
Thanks again for reading.
Stephen
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!
To listen to the audio version of this article click on the play image.
Brought to you by @tts. If you find it useful please consider upvoting this reply.
I thought that futures on bitcoin could boost the value and get more adopters, but as you say it might just have the opposite effect. Not sure if without regulation it could expanse so much and be used as a payment tender worldwide.
Should #Bitcoin and #Cryptocurrency Futures, Options, Contracts and Derivatives take hold, then the direction of price(s) will depend solely on which way the "smart money" want to take the market(s).
Fundamentals will simply go out of the window and will be purely down to those with the deeper pockets robbing those with the smaller pockets.!!
Stephen
Promoting #Steem and #Steemit.
Shared on twitter.
Shout-out to everyone in the #Steem Community. Please help to promote #Steem by sharing your blogs on twitter.
Stephen
https://twitter.com/StephenPKendal/status/1178723434806878208
0.2 LEO for you! i need more leo so i can upvote 1 LEO each
Hey man havent seen ur posts in a while! youre one of the nice ones! Not like those guys going around downvoting people for buying a $1 paid upvote, just because they can, when the guy with a paid $100 upvote doesnt even feel the sting.,... these downvote squad losers are the reason steem will go down to 1 penny but then maybe we can bring in new whales who will actually use steem lieka business and all the losers will get swept away. The second @steem and @steemit start using their upvote power, no one will notice the anti bid bot upvotes. @elipowell may even come in and start curating with the steem and steemit accounts which MUSt be used or reward pool is unrealistic, because new owners of futrue steem will use that SP and upvote and it wont always have this 30% bonus... from steemit inc teh largest stake holder noit using itl... we need all stake holders to use all theri stake...
Anyway im sure you know this
i have big plans for steem, a roadmap and it will work... but we must use SPS for account creation and marketing but seems like nothing is even passing from teh steemdao no one wants to give each other any funding LOl so stingey and its so dumb ....
if bid bot owners leave from their customers being downvotes, steem will never recover its price ever, thats a promise. Only steem engine tokens like steemleo neoxg and pal will keep working, all teh stem dapps can work on eos and steem might die if they keep flagging bid bot owners its serious problem.
The same people who flag bid bot owner customers are teh same people who vote for communists.. its teh same attitude of Golos, people thinking they can micromanage trending .... as if its not bid bot owners rights to sell their upvotes to whoeevr they wanted.... the only thing ive heard against this is some stupid argument that vote selling was never part of the original plan? As if we have to follow the original plan as if they were perfect?
If we had all followed the origial constitiution of teh United States we woudl still have fuckings lavery so yeah things get changed, free market has to work, dan and ned never plan need for vote buying on paper because that was probably seen as not legal or some bullshit by laweysr lol ned was afraid to even sell his own coin to people
hahaha anyway im just ranting man :D keep up the nice posts!
Ill behave my comments when we have some actual users on steem and the price is above $1
In mean time ill promnote STEEMLEO and help @khaleelkazi get on Newdex and coinmarketcap (requires two CMM approved exchanges )