The mighty bitcoin is a big green monster — sucking up fiat dollars faster and faster than anyone could have imagined. Well today was the day it went mainstream. The first ever bitcoin futures contracts have been offered, so now people can get exposure to bitcoin without actually “holding” it, and the interest is great.
I’d bet there will be many etf’s coming on line in 2018, and crypto hedge-funds that track a basket of crypto currencies will be all the rage — mark my words!
Check this out. It’s just a screen cap from Zh but i’d urge you to read the entire article. The two points i wanted to make were 1. That they have already had to “Halt” it twice because of wild surges, and 2. That many contracts are trading above bitcoin “spot price!”
Wtf? bitcoin is a honey badger that can’t be stopped! Imposing regultions on it will be like putting up “no honey badger” signs — honey badger don’t care! — he’s hungry!!!
Also, and this is scary, the exchange will allow for shorting, so there is going to be many butthurt institutional investors that are sure they are smarter than the crowd — ooooh look the fibonacci numbers or whatever the fuck!!!? Grab some popcorn and hodl! It is going to get wild. The genie is finally out of the bottle and it’s not going back!
🧞♀️🧞♀️
Further, and with regards to “spot price,” isn’t it hilarious that people are paying above spot price for the paper that is securing the investment, which itself is nothing at all... Oh ho ho, my sides!!!
Now don’t get me wrong, i’m not saying bitcoin is worthless — quite to the contrary in fact. I’m just stunned that people are paying well above spot price of bitcoin, to purchase “paper” and to participate in more regulatory hogwash. Once again i find my stacker sensiblities revolting against this and i am calmed by the idea that i have the real deal sitting safe and snug in offline cold-storage.
Finally, check out this price chart (think it’s from a different Zh article) it shows how long it has taken bitcoin to reach each new $1,000 level.
No one is bigger than the trend. And the trend for now is looking solidly up. However, we could see some really big swings in the near future so be watchful and vigilant of price charts, and try to buy the dips, if there are any...
One thing is for sure, with the cryptos on this HUGE rip, the metals have been left in the dust bleeding... but as we all know: when there’s blood in the streets that’s the time to buy, even when the blood is your own.
Keep on stacking and macking friends!!!
Cheers! from @thedamus
Hey MUTHATRUCKA!!
Yo Yo MoFo!!!
@kiwiscanfly kontinye
Nom nom...honey badger!
Hi Nom nom!
Man am i happy to see you 😁
How take have everyone quickly in the total control of money boat? Make it FUN!
https://steemit.com/finances/@rockwellontherun/why-crypto-means-tax-and-abolishing-cash-and-what-that-means-for-us
This post is so helpful and very informative. I have been wanting to learn more about bitcoin. This post did just that for me. Great post!!
learn quick G...
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I'm going to laugh so hard when some dumbass looses a fortune shorting BTC.
The very first trade that went through was a short, and the guy lost, but was all over twitter saying “hey, look at me i’m first!”
—such dumbasses, many fools. Lol
Holy Cow Big Green Guy !!!
Bitcoin is about to Hulk-Smash a bunch of shorters... and i’m going to my lcs tomorrow
👊😎
@thedamus Don't forget to pick up any Old Engelhards..............
If i were to buy them at the shop
I would have to pay huge premiums... it’s when i get them from the fx/bullion store that i get those smokin’ dealz 🤪
All hail the king.
So the futures market.... A good thing or bad?? Was this the plan to control/manipulate the price of bitcoin and its gone horribly wrong?
The futures market will create demand and liquidity, and that’s a good thing. The erroneous belief that they will be able to control it is the funny part — they may be able to tamper with price a little bit, but this thing is so much more bigger and fiercer than they expect.
Many buttholes will be ripped wide open!
So, sit back, hold tight and enjoy the ride is it?? Lol I'm not dull enough to invest in the paper contracts but by the end of this week we should see how it's affecting bitcoin? Am I better getting some now or see where we are on a few days time? So many questions. You should charge a consultation fee
I do... i am making really good money here in Van doing that very thing. But i’m happy to help out ssg with info and support as another way of doing service for our community.
😁👍
...and yes, get more asap. I would reccomend litecoin if i gave financial advice, but i don’t...
🤪✨🧞♀️🕺🚀👹🔥😳⚡️
Litecoin I have. I was told a few weeks back bitcoin is to gold as litecoin is to silver, so I jumped in and prices have doubled. It's a crazy old world.
Yay!!! Welshie, i’m happy for you. The silver/gold — ltc/btc is an old analogy. And a good one! Even the ratios kind of match up right now...
😳😳😳
Silver 76:1 gold
Ltc 90:1 Btc
Just approx numbers but ya get what i mean.
“Anyone who has ever used litecoin, loves litecoin.”
~thedamus
This is awesome!!!!!
Cheers!
bitcoin is continuously growing. It can get a lot of profits.
very nice writing and good post
Thanks ani!
Very fast to up price of bitcoin.
In this week is a new history of bitcoin prices.
This is Crazy.
@thedamus
An amazing time to be alive and crypto savvy
😁👍
Yes..
Amazing for those who have bitcoin.
do you have bitcoin or invest bitcoin ..? @thedamus
Yes. I hodl it and i trade it as well as a few other cryptos.
Bitcoins like Hulk are getting stronger.
This post has received a 20.13 % upvote from @booster thanks to: @thedamus.
You got a 16.95% upvote from @sneaky-ninja courtesy of @thedamus!
sorry for late . now watch this post ,very good contant . i want share this post @thedamus
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Hulk Smash Bitcoin!!!!!
Bitcoin Lighting will scale and will compete with Visa/MastercardAs of today #Bitcoin is part of the elite. Only this time, the elite cannot control it. Next stop for #Bitcoin is to be as big as #Gold.
Yes you are good say about this @thedamus
Bitcoin will keep on rising pass 20k, 30k , 100k, 1 million and beyond!
@thedamus - you're becoming a serious news source, here!!!
For me, for sure.
x
Your post was mentioned in the hit parade in the following category:Congratulations @thedamus!
I think Eddie Murphy said it best in Trading Places to the Dukes . . .
"Y'all sound like a couple of bookies"Great Post @thedamus , it is absolutely incredible . . . However, am I wrong to think that the financial guy with the 'butthurt' will just pass that on to his 'clients' - financial guy will still get commission going up or down - only his clients will get ripped!