Why is nobody talking about this?
DO YOU REALISE HOW FUCKED WE ARE?
AAAAAAHHH WHY DO THESE FUCKING KIKES DO THIIIISSSS???
CME Future for Ether
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Explain how this isn't going to do what bitcoin did, and not in the good way.
And since bitcoin has been following ETH lately rather than the other way around... This is bad.
For those who don't know, this is going to allow rich kikes and boomers to speculate on ETH without having to own it. In other words, there is an alternative to speculating on ETH's price without actually providing volume to the market, unlike with ETFs. Fucking futures, man. This caused the great depression. They did this with gold, silver, and bitcoin. ETH is just their next target.
I am seriously concerned how nobody has talked about this.
If crypto is so great then it should perform well regardless fo futures
thanks for buying my bags by the way
People have no incentive to own an eth future over eth itself ether is cheap and easy to own store keep safe and trade.
They're going long, idiot. ETH already corrected 70%.
the incentive IS to not own it, and to manipulate the markets. Heard of the cartel? Soros? Yep. They want to kill adoption of crypto as part of the bigger game plan, as what happened in January- you have to be a huge brainlet to not understand that CME futures did this.
buying your bags...? I don't see what this thread has to do with me buying or selling anything
where is the roof?
$1000 eoy
People still need an incentive to hold a cme backed eth future over the actual blockchain backed ethereum.
Gold is difficult to hold on to. Its difficult to keep safe. You have to sell it at a loss because noone pays full price. Its hard to divide it into fractions. Some naterials have half lives.
futures bring transparency. far too often people try to withdraw money from crypto exchanges only to realize they want your id, photo, color of socks etc.. professionals cant afford to deal with thad kind of shit.
also futures provide liquidity just like owning eth
You think cme futures don't requre your identifying information?
>If crypto is so great then it should perform well regardless fo futures
Top of the fucking kek, crypto is a thinly veiled ponzi
These are boomers we are talking about. And people who will do these things intentionally just to screw us over.
I can't tell if it's legit CME shills in this thread, or if your reasoning is actually that fucked.
No ones talking about it because its not a futures contract just the prep.
Also, and Im afraid to say it, this is bullish for that token everyone likes around here. You know the one.
could you please explain how? Means more people are going to hear about it?
Boomers are too dumb to buy actual ETH, and suits are too pussy to secure it. This is how the herd gets in. It's a good thing.
Crypto will preform well either way. But arent intrested in how well it preforms. We dont give a shit. We are just intrested in how crypto value preforms. And value is based of things like these.
Why do you hate money?
it gets worse
techcrunch.com
(((Fink))) from Blackrock and now (((Leshner))) from Compound
it never ends
so this is similar to an etf?
It's just an accurate dollar pricing for Ethereum. Basically this boomer company is going to list a reliable ETH/USD rate on their website, that other companies can use without worrying that it's inaccurate.
Do you know any project that might like to use an official industry-standard exchange rate? Perhaps they would like to deliver it to enterprise smartcontracts somehow?
I think you're right.
Shit is depressing. No wonder Vitalik has been very quiet recently.
Much easier to do this to it this way, versus claiming it as a security and upsetting the masses.
I think a trend of creating cash settled future for crypto is rising. Literally the easiest way to kill the most promising coins.
VALUE OF SOMETHING ISNT CORRELATED WITH PERFORMANCE!
I don't think this is actual future contracts, just API data
Same was done BTC, idiot.
>buy ETH and pump price for a bit to take profits while others buy for FOMO
>exit position
>short the hell out of it
>profit from it again
Get a brain.
ETH is finished.
What's the next big coin guys? Tezos? EOS? ADA? I need ideas