He bet his family’s entire life savings and mortgaged his home

Discussion in 'Crypto Assets' started by johnarb, Nov 11, 2019.

  1. johnarb

    johnarb

    #41     Nov 11, 2019
  2. traderjo

    traderjo

    It is not a question of hating or loving Bitcoin/ Crypto
    -The issue is the "Lovers" of BTC/ CRyto dismiss the many concerns sane investors are raising
    such as regulations/ safety/ skulduggery in ICOs etc
    and is it really a store of value? and it's current use in the life's supply chain
    - it is a great instrument for trading at the moment, I agree with you becasue of it's volatility if one can handle it.
    - The fact CME has futures does not mean the underlying issues raised above go away, and mind you on CME you only trade a cash settled derivative so security of the coins itself goes away.
    For a exchange like CME the motive is just add another "instrument" to trade, if tomorrow there is enough liquidity on "annual count of Lions in Africa" they would make Futures market on it ... they won;t care as long as there is liquidity.

    So to be fair instead of just arguing about coiners/ lovers/ non coiners haters lets look at the actual facts
     
    #42     Nov 11, 2019
  3. johnarb

    johnarb

    Bitcoin futures on ICE (Bakkt) are not cash-settled. Bitcoin/cryptos are good for speculation/trading due to volatility
     
    #43     Nov 11, 2019
  4. Overnight

    Overnight

    The first two words are lost on so many people. Why does nobody catch it?


    That's it. End of line.
     
    #44     Nov 11, 2019
  5. I love this story...always good to hear about someone making it.
     
    #45     Nov 11, 2019
    johnarb likes this.
  6. traderjo

    traderjo

    BTC futures on CME not ICE
     
    #46     Nov 12, 2019