You are viewing a single comment's thread from:
RE: Negative Crude Oil Give Away For Idiots
Hey @davidke20 Such a nice information you have shared. Now it is bitcoin turn. may be bitcoin will fall as well.
Hey @davidke20 Such a nice information you have shared. Now it is bitcoin turn. may be bitcoin will fall as well.
Thanks for comment. BTC itself is a digital asset, so asset is a commodities. BTC itself will not go negative, but SHORT BTC can go negative because it's a contract 😂 you own BTC, you don't need to pay interest as long your wallet can stay offline and maintenance free. But it can go nasty when you short the future contract which needed to pay 6.5%.
https://beincrypto.com/traders-are-paying-6-5-apr-to-short-btc-futures/amp/
i am not saying that bitcoin will go negative. But it can fall badly. Bitcoin is different than oil gold but we can see short term fall.
You're right. But we won't know. This is a good time to test it actually, imagine if someone accepting BTC for food delivery. You may just see crazy spike in value. Or how about buy a car with BTC?