It can drop to near 0 if it became a criminal act to own or exchange a BTC , which is inevitable .
BS , BTC wont be at 100 000 because if it gets regulated then any high tech company or even a government or a bank will introduce a better version...
https://news.bitcoin.com/exchanges-suspend-usdt-transactions-after-30-million-tether-treasury-wallet-hack/
Thats why its called delusion phase , you wont know you are in it until the dust settles hence = delusional .
haha yes institutional investors at elitetrader and etoro and facebook selling their belongings to buy BTC at ATH !
Its called delusion phase in a bubble cycle , the guys he is speaking of bought btc long time ago "smart money" . [ATTACH]
Good post , agree , its the madness of the masses as usual , and the price , they keep checking the price , they didnt buy it at 10 cents they...
Agree look at litecoin for example just $70 , no difference just four times the BTC supply . BTC price is in a bubble because its a crowded trade...
Clueless responses about hedging ...
Its not a risk free money , end of story .
Btc is not safe I agree , many coins have been lost or stolen and third party exchanges going down and disappearing is common . Without these...
Ofcourse . Protection against a blackswan for example , gaps ... Etc .
Hedging example : Long ES futures at 2580 . Long SPX 2520 put .
BTW , IB can have an increased margin requirement for shorting BTC , like what they did with VIX etfs shorts .
No need to get sensitive Mr gambler , it was a metaphor , sure technically they are just an exchange not a casino , same goes for Wall street , it...
Why would i leave ? Many exchanges are out there . I said i want that because they are so greedy to get into this bubble shi@ .First they said we...
Its called force majeure . Its not a big deal they could specify their settlement/readjustment/auto-deleveraging procedure before hand in the...
What's the point of the hedge just don't make a bet in the first place . Anyway this thing is a bubble and a scam the cftc shouldn't approve btc...
You can check their website for more details about their auto deleveraging algo . They even readjusted the closing price for some . It can be done...
The solution for such volatile instruments , is to auto-deleverage both sides the winning and the losing , thats how they do it at Bitmex and they...
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