RE: FUTURES ARE ANTI-BITCOIN OR HOW BITCOIN BECAME FIAT

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FUTURES ARE ANTI-BITCOIN OR HOW BITCOIN BECAME FIAT

in bitcoin •  7 years ago 

The point is that Futures are a tool to create an unlimited supply.

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7 years ago by

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      ·  7 years ago 

    But they don't create any supply.

    It's someone betting on the future price of bitcoin. Has nothing to do with the actual coin or the chain.

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        ·  7 years ago 

      By selling futures, you are selling Bitcoin that doesn't exist and futures transactions set the price of the asset. Asset price is derived from futures contracts .

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          ·  7 years ago 

        No. You are not selling Bitcoin because you don't own Bitcoin.

        Supply and demand sets the price of the asset. Nothing else.

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