BITCOIN

98SVTContour98

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Fake scarcity would be another. Look at SHIB with Trillions of coins and it is being traded like a lottery ticket. A few big players working in concert could make a LOT of money quick.

Money has a momentum all its own into crypto right now, I freely admit it could last a while.

He didn't mention SHIB....So, Does Bitcoin have "fake scarcity"? If so, how?
 

mysticsvt

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q6543

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Not saying BTC has fake scarcity currently, but an cash equivalents settled ETF will instantly create paper bitcoin.

Unsure how the futures contracts currently settle... they may be paper bitcoin already.

Just like they did to mute gold and silver.
 

98SVTContour98

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Not saying BTC has fake scarcity currently, but an cash equivalents settled ETF will instantly create paper bitcoin.

Unsure how the futures contracts currently settle... they may be paper bitcoin already.

Just like they did to mute gold and silver.

You'd have to explain a little more for me b/c right now, the Silver ETF that holds like 85-90%% market share, is the physically backed SLV ETF. So i'm not sure how this is a concern yet i guess.

EDIT: I can't even find a paper backed Silver ETF at the moment.
 
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q6543

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You're already on the nose.. SLV having a 10% fluctuating discrepancy is more than enough for true price disruption.

The real rub is the options chains leveraging out. Every contract sold is 100 ounces in either direction.

Currently around 3.5 million calls.. ie 350 million ounces... more than 60% of the total silver the fund owns is on "paper"

It dampens volatility. And true price discovery.
 

PIPO

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I wasn’t hacked but due to a bug I was a millionaire for one day. I had 17M worth of tokens but I wasn’t home to claim them.
Oh never mind, I’m talking about compound finance.
 

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