Bitcoin. Is it a deliberate con ?

Hi BK

I said a "serious exchange". There was no serious exchange doing futures on Bitcoin until this week.

The fact that people made millions on short term gambles on Bitcoin on Bitcoin exchanges is irrelevant.

Brendan
 
BK

Anyone who shorts Bitcoin based on a day or a week is taking a silly gamble. ( I have put a small short-term bet on with Betfair for the craic.)

Brendan Burgess said:
It's possible that the opening of futures markets may well hasten its correct valuation. People can now sell it short which was not really possible on a serious exchange up until this week.
Click to expand...

It's likely that the availability of longer term futures on a serious exchange may well attract institutions or hedge funds who want to short it.

Having said that, the vast bulk of the futures are also short-term.



Brendan
 
The source of Bitcoin is a bit of a mystery.
I think it could be the NSA in the United States that developed and launched it. Just my own conspiracy theory.
 
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