PHYSICALLY-DELIVERED-BITCOIN-FUTURES.
Imagine if bitmex used real bitcoins rather than pretend contracts when margin trading.
Explain why I’m wrong (seriously).
Tell me why BAKKT won’t start the bull run
Daniel Wood
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Nathan Cook
It will - once it stops delaying the release like the ETF keeps delaying.
Ian Bailey
what difference does physical make?
>arbitrage exists
if bitmex was real bitcoins no-one would care
Evan Parker
Explain. It just likely means there will be more volume. Couldn't they still short it to the ground in a coordinated way? or keep it below $10K?
Whose to say this will result in a moon mission, unless all the new contracts scoop up all the supply of BTC?
Gabriel Hughes
Blake Lopez
BAKKT wants to buy in for cheap. Thats why BTC is being dumped down so hard and so fast. Even if it recovers to pre dump levels that would double them their money in an instant.
James Rivera
if it was real cones, you realize how much supply would be eaten up to support this, right?
Adam Allen
no one really wants to buy right now
bakkt was delayed to prep the bull
ETF was waiting on bakkt so van eck is dead
2 fags at consensus invest just said they expect the GBR next fall and don't give the ETF a good chance in passing until then
Jace Brooks
So BAKKT will be further delayed is what your getting at
Mason Rodriguez
what do these fuckers sell? scarfs?
Sebastian Jones
it was December 12 now it's January 24
Easton Martin
>Imagine if bitmex used real bitcoins rather than pretend contracts when margin trading.
So has there been some palpable down-sides and costs to these "pretend contracts" or are you cryptonuts just obsessed with insisting nothing abstract has value other than your coins? At the end of the day everything's contractual. A pure cryptocurrency transaction is meaningless in a vacuum.
Liam Powell
You are not wrong. Jews wanted a low price before big money hops in.
That is literally all.
Kayden Peterson
bakkt might get further delay but I give it a good chance at getting approved and they'll decide when to open
ETF is another story and what they're asking for hasn't been completed so they doubt van eck will pass by February
the SEC guy is speaking at consensus invest and might kill link and all the other unregulated securities
Nathan Flores
Low iq
Tyler Brown
the intro interview at consensus was good
they said this asset class is the first time regular investors got in before institutions
Luis Anderson
I meant delayed again from Jan-24
Can you elaborate on van eck for me? What is it, how is it different from the ETFs and why would it get delayed if the ETFs are delayed?
Eli Powell
What the fuck is it exactly? Looks like it was made by a bunch of basedboys
Henry Price
Are you retarded? Do you not know how much this would "legitimise" Bitcoin to the public eye?
Anyway ... ETF is what matters the most; as soon as that's approved, people will invest their pensions on Bitcoin.
Carson Cooper
Its Bitmex, but with real bitcoins. Not quite sure how it will work desu.
You go long 2x on 1 BTC, they give you 2 BTC. Are you actually given the BTC before hand? how does this work I wonder. IF they're doing custody, I see no difference with this and Bitmex?
Where am I getting confused folks?
Oliver Gray
oh van eck was the big ETF everyone is excited about
there's some people talking at this conference and they believe it's unlikely it passes
van eck ETF was delayed and delayed and its deadline is in February
the good thing is there are like 5 ETFs going through the regulatory process so every month or so another one is denied and we get to see what the SEC is asking and how close we are to approval
Isaac James
How the hell do you physically deliver Bitcoin?
Christian Jenkins
Bakkt is another meme like China New Year to avoid more downtrend.
Eli Williams
What matters is the ETF. The delays are actually bullish since usually if they reject they do it right away.
Juan Harris
Thats the whole debate, will BTC be physically used in these financial mediums
Ayden Howard
don't you mean march 21st (it's never going to happen)