👏 US SEC approves bitcoin ETFs in watershed for crypto market 👏
(www.reuters.com)
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I'm pretty ignorant about all of this and I'm super suspicious of these companies as well. Any chance this is a kind of back door to allow them to to track and control bitcoin? I'm not a fan of Crypto currencies but I am 100% certain that these financial companies can't stand the fact that they can't control them. Maybe someone here can educate me on this.
you are absolutely right. This is a way for them to get their algos controlling the price of bitcoin through derivatives.
The same way they do with gold, silver, GME, etc
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.