/biz/ - Business & Finance

>>15161086
He literally says it right here:

https://youtu.be/CrAMfEcWU2M?t=870

https://twitter.com/WhalePanda/status/1100011364460957697

The BitMEX platform's derivatives are especially harmful to unregulated markets as these futures are settled in asset (BTC) instead of fiat.

When a contract settles or is sold on a BTC settled futures platform, the winner gets BTC (both short and long winners get BTC). The spot (fiat) market controls the settlement price and cannot be bought up with BTC. It can ONLY be sold down with BTC.

In a normal market there would be competing long traders offsetting the short traders. These long traders would be attempting to manipulate the spot up and therefore profit from their futures contract longs. This cannot happen in a BTC settled futures market without massive outside cash reserves. There is no way for a long trader to make fiat in order to buy the spot market up, they can only make BTC. The manipulation process ONLY works to the downside on BitMEX BTC settled futures. Since BitMEX is far and away the most volume, there is no competition for the short manipulators.

The manipulation cycle works like this:

1. They shorted futures, then dumped their BTC on the spot market causing their short futures positions to be profitable
2. They then close some futures and are paid in BTC from the people who took the 'long' side of the contract.
3. They open more short futures contracts and then dump the BTC they just earned on the spot market Finex, Stamp, Coinbase causing the new short futures contracts to be profitable.

The amusing part of this is that they are using the LONG traders own BTC to dump on the spot market causing the LONG trader to lose more money on the futures contract they hold.

Really, how the fuck have you not figured it out? In normal markets like stocks, the trading fees are in USD. The exchanges collect USD and keep it. The trading fees are in a separate currency from the underlying asset. In crypto it's the opposite. The trading exchanges for degenerate gamblers at bitmex and binance take fees in BTC. They then sell the BTC because they want dollars. They are taking fees in the underlying asset. Then they are selling. How is this hard to figure out? You degenerate gamblers are ruining yourselves. In no other market do people think retail trading is a good idea. Everyone knows it's dumb as fuck to try to time the market. Only in crypto do you have enough dumbfucks who think they've found a system to time the market. Stop being dumbfucks. Get the fuck out of bitmex and binance.

>>12210903
Umm, I bought like 250k of them. should I sell now?

https://www.youtube.com/watch?v=Bx78aNxwA1E

>"I am calling the cryptobottom of 2018. This bottom is marked by an epic amount of fear, uncertainty, and doubt from our friends in the 4th and crypto-5th estates."

https://twitter.com/ethereumJoseph/status/1076171152526110721

Calvin Ayre was a billionaire tax evader and on the USA Top 10 most wanted list. but he suddenly got pardoned last year for no reason. He is a state actor looking to disrupt Bitcoin. 3 letter agencies want to gather intelligence data.
BSV is a guided missile to understand the behavior of forking attacks. BSV is an attack on BCH... but its a lab experiment on how they could later attack Bitcoin.

https://www.reddit.com/r/Bitcoin/comments/a65ot1/just_bought_10_btc_and_im_very_proud_confident/

almost all these redditors are mocking the guy for buying now because they are certain btc will be at 1k soon

>2019
>opinion at point of polarity
>new exchanges
>job
>bank account linked
>biz and reddit for updates
>following news
>others stopped
>12 month stack

The BitMEX platform's derivatives are especially harmful to unregulated markets as these futures are settled in asset (BTC) instead of fiat.

When a contract settles or is sold on a BTC settled futures platform, the winner gets BTC (both short and long winners get BTC). The spot (fiat) market controls the settlement price and cannot be bought up with BTC. It can ONLY be sold down with BTC.

In a normal market there would be competing long traders offsetting the short traders. These long traders would be attempting to manipulate the spot up and therefore profit from their futures contract longs. This cannot happen in a BTC settled futures market without massive outside cash reserves. There is no way for a long trader to make fiat in order to buy the spot market up, they can only make BTC. The manipulation process ONLY works to the downside on BitMEX BTC settled futures. Since BitMEX is far and away the most volume, there is no competition for the short manipulators.

The manipulation cycle works like this:

1. They shorted futures, then dumped their BTC on the spot market causing their short futures positions to be profitable
2. They then close some futures and are paid in BTC from the people who took the 'long' side of the contract.
3. They open more short futures contracts and then dump the BTC they just earned on the spot market Finex, Stamp, Coinbase causing the new short futures contracts to be profitable.

The amusing part of this is that they are using the LONG traders own BTC to dump on the spot market causing the LONG trader to lose more money on the futures contract they hold.

37 BTC
350 ETH
400k BAT

HOW MUCH WILL THIS SHIT BE WORTH IN 3 YEARS

Should I hold my XLM, sell it for BTC, or sell it for ETH? These are the only options. Fiat is not an option.

will or will not the crypto market ever recover?

im taking the opportunity to clean up my shitfolio and consolidate into btc and eth. are any of these alts worth keeping or should i get rid off all them?

>ltc
>ada
>xlm
>neo
>bat
>nano
>omg

>>11996931
Squire will kill Bitmain, take over the majority of BTC mining, dump BTC into the ground, pump BSV, then take the "BTC" ticker.

ill start:
when people say the "space"

>"ive been in the crypto space for a few years"

fuck off

>"Switched to @brave as default recently. It’s not perfectly bug-for-bug compatible with Chrome yet, but it’s close and the speed and privacy are second to none."

>"Disclaimer: I am a small investor in Brave. But regardless did not recommend it earlier as I wasn’t using it myself as the daily default. It has now exceeded my wildest expectations. Fantastic cadence on updates."

490K Followers

>"Naval Ravikant is the CEO and a co-founder of AngelList. He is an active Angel investor, and has invested in dozens of companies, including Twitter, Uber, Yammer, Stack Overflow and Wanelo."

https://twitter.com/naval/status/1069065492516679681

>>11982153
FUCK YOU YOU MADE ME LOOK

vitalik bit off more than he could chew. ethereum is unironically a mess that cannot scale. word on the street is eth will be merging with another coin.

>>11976619
Holy fuck- I just realized

...I

I just realized he's going to pump BSV to complete with BTC. fuckkk

https://twitter.com/CNBCFastMoney/status/1068279285859917824