How accurate is this? I smell bullshit

whereismyname
whereismyname

How accurate is this? I smell bullshit.

Snarelure
Snarelure

@whereismyname
getting investment advice from twitter
holy shit normies are here

BlogWobbles
BlogWobbles

@Snarelure
This. This the shoe shine boy Veeky Forums. End times are near

Lord_Tryzalot
Lord_Tryzalot

@Snarelure
@BlogWobbles
completely avoiding the question

Great contributions, so glad you chimed in.

whereismyname
whereismyname

Atlanta, GA

GoogleCat
GoogleCat

@whereismyname
Market timing is always bullshit, this guy has no clue how people will be trading at that specific time and date. Period.
I would highly suggest NOT buying bitcoin especially around that date though. Futures open on the 11th.
Whether or not they short when that happens has yet to be seen but it would seem logical and the rumor mill is pumping out plenty of stories indicating that's what wall st is planning.
No doubt it will be bought too but my god, it's up thousands of % on speculation. Such an obvious short by big money.

Harmless_Venom
Harmless_Venom

it'll very likely drive the price way down or way up but I'm pretty sure it'll be up

TalkBomber
TalkBomber

@whereismyname
hahahahahahahahahah

SomethingNew
SomethingNew

@whereismyname
and btw ppl posting shit like this are just trying to get ppl to sell at this exact time so they win their bet, hold to fuck those fags up

MPmaster
MPmaster

@whereismyname
Futures for bitcoin make no sense. You're going to get miners to open a future sell for 10 minutes for a block that they have an uncertain chance of acquiring?

w8t4u
w8t4u

@whereismyname
That's right normie, have fun cashing out

kizzmybutt
kizzmybutt

@SomethingNew
it feels like this whole WALLSTREET GON SHORT SELL SELL SELL meme is being spread by they themselves to get people to dump so they can buy in cheap.

haveahappyday
haveahappyday

@MPmaster
No, they calculate an average price using data from several exchanges then people bet on changes in price. USD only.
You and I make a contract that we will exchange bitcoin for cash (although it's really all cash, just cash vs. btc spot price) at a certain time on a certain date.
Say you agree to sell me 1 btc next week. Current price is $14,000
bitcoin goes to $15,000
I still buy it for $14,000 = I win $1k, you lose $1k

Skullbone
Skullbone

I can't read wallstreet and the elite, i can't read them, i don't see what they are up too, i can read the normies, but i cant read the big guys. i don't get it everything just doesnt make sense right now, this graph doesnt make sense, the things they say to us dont make sense. I'm very worried, They have an ace up the sleeve, otherwise they wouldn't be making this risk.

Meanwhile the NEETS are like hodl, fug em, lots of normies coming in, everyone shilling here.

They have something, and i cant read them. I'm scared anons.

AwesomeTucker
AwesomeTucker

@GoogleCat
Futures open on the 11th.

What's this?

Garbage Can Lid
Garbage Can Lid

@AwesomeTucker
CBOE, then CME on the 18th. Unless you mean what are futures? google or @haveahappyday

girlDog
girlDog

@whereismyname
There's talks to make futures bitcoins through the likes of cme or ice. It's supposed to debut next year.

Poker_Star
Poker_Star

make millions
wow, it's fucking nothing

StrangeWizard
StrangeWizard

@kizzmybutt
wallstreet totally wants to buy into bitcoin guys!!
theyre just so mad they missed out on their chance!!!
just keep HODLing!!

Nojokur
Nojokur

@haveahappyday
Then it requires someone to buy your contract, in which case you're better off margin trading, because it's all total speculation.
Futures exist to mitigate risk for manufacturing industries. There's no sense in applying it to bitcoin mining or speculation.

5mileys
5mileys

@Skullbone
then sell and go on your merry ways, faggot.

BlogWobbles
BlogWobbles

@kizzmybutt
Well thats what they did in 2009 during the financial collapse so i wouldn't be surprised. They know even if it does drop it will come back up.

Look at the nasdaq during the .com boom. same patterns as we are seeing here with bitcoin. I see it crashing, normies fucking off, more adoption happening rather than speculation, then the price steadily increasing in the long run.

haveahappyday
haveahappyday

@kizzmybutt
No, they're going to be the ones doing the dumping. Did you miss JP Morgan buying a fuckton of Bitcoin while simultaneously trashing it to the media? buy up Bitcoin, open short contracts, dump it, and make money off the shorts contracts as people panic sell. Then buy back in. Remember it hardly takes anything to set off panic selling of Bitcoin. I think the longterm outlook will still be logarithmic growth, though. We've had huge crashes before, no big deal.

Need_TLC
Need_TLC

@haveahappyday
If they open short contracts, someone has to go long and buy those contracts.
Maybe one day there will be tons of people willing to long on futures but it probably won't be in the near term.
If they want leverage, margin trading already exists.

askme
askme

@whereismyname
old geezers thinking they can gamble on blockchain technology

Deadlyinx
Deadlyinx

This faggot doesn’t even know when futures open.

Skullbone
Skullbone

@whereismyname
Thread/

SniperWish
SniperWish

@Nojokur
There's no sense in applying it to bitcoin mining or speculation.

There doesn't need to be any sense. People want to do it some companies will make it happen so they can make some money. Crypto is just all gambling anyway.

RavySnake
RavySnake

@whereismyname
The exchanges, if smart, will choose to not trade and to not enter the market. That way everybody will know what wallstreet is up to without the doubt of what exchanges are doing.

viagrandad
viagrandad

idgaf I'm not selling either way and if it tanks I'm buying more those stupid boomers don't get it

cum2soon
cum2soon

@RavySnake
This sounds nice

farquit
farquit

@whereismyname
I explain what is going on here.
/biz/thread/4829931#p4831237

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