Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
the elon muskit virus is spreading !!!
another shit coin exposed, Zcash aka ZEC... and this one has still a billion dollar market valuation... what a shame, and when the centralized owner encountered some arguements, what did he do? he did a elon musk, and censored the great user whose post you can read in the quote. I hope the market will not support such trash... where to short it? there is an easy divided by 100 here... from 1 billion to 10 millions (which is way too much already for such a scam)... OPM really don't care...
and don't forget to hodl you profit in btc
.
Hey everyone, I recently did this video (https://www.youtube.com/watch?v=oPdnG03eI58) showing some of the recent Deception and Misdirection that the ZCash team has pushed on us all over the last 1.5 years and ofcoarse more recently over the last week with the announcement of the Z9.
....
....
another shit coin exposed, Zcash aka ZEC... and this one has still a billion dollar market valuation... what a shame, and when the centralized owner encountered some arguements, what did he do? he did a elon musk, and censored the great user whose post you can read in the quote. I hope the market will not support such trash... where to short it? there is an easy divided by 100 here... from 1 billion to 10 millions (which is way too much already for such a scam)... OPM really don't care...
and don't forget to hodl you profit in btc
. who took some off the tables? $936m... can go below the million now ...
and who will be left holding the bag? I hope it is zooko
... I like how ZenCash just said..."ok, we're going to take your crypto that you created and pre-mined...and we're going to create the exact same coin but without the pre-mined coins".
This should be done far more often with pre-mined coins.
I don't want to shill, but Zen is one of a small handful of alts I like. They've taken the ball from ZCash and they seem to be taking it into a really interesting direction.
if you trust the trusted step up... good luck. those are democrats chain
. really. it comes to that, but your btc, spread them where you want. Help me with your thoughts on bitcoin futures.
In February I started to think if they are bad for bitcoin (because bitcoin remain bearish since introduction of futures).
Now i think they are bad, but probably not on extremely long turn. On extremely long term they are probably good (in years 2019, 2020)
But on short term (this year) i think bitcoin futures are bad. Why bad?
Because all the sudden people with a lot more money then those in crpyto can draw and earn money with hedging and drawing money from "little people with less experience". They wont take money from true hodlers who just hold, but bitcoin need new people in order to go up and up and crazy up, and experienced hedging companies could for quite some time draw price down and they have more knowledge whats and how much is needed to cause spikes down with help of futures.
Can someone help me dig out how much money is now in futures?
http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_quotes_globex.html
For may its i think 3000 contacts? now i wonder how much money is in that
If 1 contract 100 bitcoins? 900k USD? and there was i think today 3000 buy/sell (or with other words 3000 combined going long + going short)
So 3000 times 900k usd = 2,7 billion USD in one day
Am i gettting this right ? i think not
In February I started to think if they are bad for bitcoin (because bitcoin remain bearish since introduction of futures).
Now i think they are bad, but probably not on extremely long turn. On extremely long term they are probably good (in years 2019, 2020)
But on short term (this year) i think bitcoin futures are bad. Why bad?
Because all the sudden people with a lot more money then those in crpyto can draw and earn money with hedging and drawing money from "little people with less experience". They wont take money from true hodlers who just hold, but bitcoin need new people in order to go up and up and crazy up, and experienced hedging companies could for quite some time draw price down and they have more knowledge whats and how much is needed to cause spikes down with help of futures.
Can someone help me dig out how much money is now in futures?
http://www.cmegroup.com/trading/equity-index/us-index/bitcoin_quotes_globex.html
For may its i think 3000 contacts? now i wonder how much money is in that
If 1 contract 100 bitcoins? 900k USD? and there was i think today 3000 buy/sell (or with other words 3000 combined going long + going short)
So 3000 times 900k usd = 2,7 billion USD in one day
Am i gettting this right ? i think not
I didnt get any repond so kindly if someone can answer me this please
I would also add I am assuming (perhaps I am wrong?) bitcoin futures are direclty tied to bitcoin. So I am under assumtion if someone opens large volume of shorts for bitcoin futures, they go down, or if someone opens large volume of longs they go up ?only at termination date
, at least it would be a great idea, but who knows, the market has a life of its own .a donnation to the address in pivx would be appreciated for this kind thoughtful answer
. will see, if you are leech or not
.