Thanks for the info, Gregory, and for getting up early. :)
There is something I wonder about... Whats your take on the coming trading of BTC futures? Will that not lead to totally distorted BTC prices once the high rollers take part in this? Just as it is with metals now.
Would be interesting to hear your opinion on that.
Hi im not greg, but i believe that if naked shorting is allowed there will be a way of capping the price on that particular exchange. although the price of bitcoin on a real market where you could cash it out in BTC would be higher. just my thought
Well, from what I heard, they allow cash settled trades. Meaning that huge amounts of fictive BTC can be traded, without actually owning them. The same scam that happens with the metals.
If or how far the BTC derivative price and the "real BTC" price stay independant, remains to be seen. With the metals derivatives and the physical metals that doesn't work either.
I believe this is a full out attack on BTC and crypto currency in general. They cannot prohibit it effectively, so they create a method to destroy its value, to scare off people from investing in BTC.
Shit thats true, they will be moving lots of cash and something similar to PMetals will occur in btc.
I really hope that is not the case, because if that occurs there will be just no place to invest in :( ... that makes me sad and angry at the same time
I said it before some times, the powers that control the financial markets and the fiat money cannot allow a alternative currency which they don't have control over. That would mean hanging the white flag out for them.
And so they will try anything they can think of to prevent that from happening.
If you don't mind, i started following you :)
You're welcome :)