👏 US SEC approves bitcoin ETFs in watershed for crypto market 👏
(www.reuters.com)
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How do derivatives effect blockchain?
they control "btc futures" via derivatives.
remember a few years ago when oil contracts went negative? similar to that. basically use calls/puts/ futures contracts to control what they btc 1 month picture is.
they have so much wealth and power. Long term buy, hold, hodl but in the short term this gives them power
I understand that. Been following game stop for a while. But since there’s only one way to buy or sell a btc isn’t it more difficult to market manipulate?
They could get absolutely blown out no? When Obama said you’d need a magic wand to fix the economy and then Trump did everything Obama promised and more…. Then mentioned the magic wand thing, I realized one thing. These people spend trillions to actively suppress and harm we the people. Financially. Health wise. Relationships. It’s nonstop.
you could make the same argument for precious metals but wall street has been suppressing them for decades.
similar controls, honestly it already started w bitcoin when they allowed futures trading
Great question. I'm wondering if anyone really knows? This is all new territory. What's your understanding of the Blockchain?