Bitcoin Futures? You might as well call them Bitcoin Bananas.!!

#Bitcoin Bananas.??

#Bitcoin Futures are a total joke..!!

For the past few years I have often talked about what I think about #Bitcoin Futures and I wanted to again share with you my thoughts on them.

For those that are unfamiliar with the Futures Market it is simply a facility to "lock-in" a price of an Asset over a period of time in order to alleviate any risk associate with price fluctuations.

On other words, it is merely a financial mechanism to allow the value of an Asset to be priced over a period of time without the risk of any future events.

With the use of Financial Contracts and Financial Instruments otherwise known as Financial Derivatives, fluctuations in the performance of a price of an Asset can effectively be traded without the need to hold the very Asset you wish to "lock-in".

#Bitcoin Futures are a total joke.!!

As I have talked about in the past, when it comes to #Bitcoin Futures they are a total joke.!!

They may as well call them "Bitcoin Bananas" as far as I am concerned.

"Bitcoin Bananas"

I would not be at all surprised if we see TWO PRICES for #Bitcoin in the future

A Futures Contract that settles in Dollar terms is totally irrelevant and #Bitcoin Futures are simply going to magnify the real problem that really exists.

As I have repeatedly said in the past, in the foreseeable future I would not be at all surprised if we see TWO PRICES for #Bitcoin.

A "Bitcoin Futures Banana Price" and the price for physical #Bitcoin.

If you held physical #Bitcoin would you sell your #BTC for a $1.00 if the "Bitcoin Futures Banana Price" said that was all it was worth?

There is your answer.

Shorting #Bitcoin with "fantasy printed currency"

There is nothing stopping Central Banks printing trillions of Dollars of "fantasy printed currency" and shorting (selling) 21 billion coins, even though there is only a maximum of 21 million coins available..!!

It is totally irrelevant because all they are doing are printing "bananas" to settle in "bananas".

Not one single #Bitcoin comes into the equation.

Thanks again for reading.

Stephen