Quote from: European Central Bank on December 05, 2017, 10:54:46 PM

Quote from: Coollikethat on December 05, 2017, 07:59:36 PM

Dude, CME and CBOE are implementing the exact same methodology as gold futures. The paper contracts are settled in cash. Next to no BTC is involved. Its a moot point.

any trader anywhere can immediately and instantly take delivery of their bitcoin wherever they are in the world 24/7. they'll know it's real, it can be verified, no one can take it off them, it can't be faked.

no gold trader has ever had that option anywhere ever. it's impossible to achieve. they've always had nothing but promises and may never have touched or seen any real gold in a lifetime of trading it. this was long before stuff like gold etfs arrived. it's always been that way.

that makes it a totally different proposition. i don't think enough wall street guys realise this. they might think it's just another thing you can use to pull the wool over everyone's eyes. it's pretty much the first and only thing that doesn't allow that which is why it's such a big deal.

True. But I'm still worried if they dont have any new trick to play with.

And if they had actually bought bitcoin and are being responsible for the current pump? There's no correction, its only rising and rising. They can just dump it, as any whale can, except that they have 100x more money than any whale.