Post
Topic
Board Legal
Re: BitCoin Futures
by
DirectContract
on 29/07/2018, 18:16:27 UTC
For risk and compliance reasons, many investors/entities cannot or will not participate in BTC spot markets. Futures markets -- and potentially ETFs -- are an avenue for those people to get exposure to the market.
Indeed. People still don't seem to understand that unfortunately. It has been like that with Soros and Rothschild as well. People blatantly assume that they will buy crypto directly, while it's actually only the exposure they are after.

They don't care about crypto itself, and for that reason likely won't bother going for it, and then we have the legal side forming an obstacle. It perfectly shows why the volumes of the future markets have been growing lately.

I like how this offers loud traditional skeptics the option to put their money where their mouth is. If they really believe in a crash or doom scenario, then that's their way to back up their words, otherwise they are full of shit.

When someone huge like Soros talks about about investing in bitcoin, of course it'll be through futures (and potentially ETF's) because of legal issues like mentioned above. But, just as easily they can switch out and short the market. Just the mere fact that Soros is investing in bitcoin is not a bullish indicator.

Now this is where the potential for manipulation exists I believe. Wasn't Deutchebank convicted of manipulating gold prices with some other major investment banks? They were joining forces and smashing down the prices simultaneously or something like that. Who's to say that something similar won't happen (or isn't already) with bitcoin?