/biz/ - Business & Finance

Bitcoin is an accelerator for wealth inequality not a solution. And if we are going to build a brave new world at some point we have to talk about how crypto wealth overwhelmingly skews male.

Jealous poor fags?

What will be the bitcoin price high between now and 2022?

Should I buy BTC now?

Should I lump sum buy BTC right now or should I DCA?

Btc or eth?

>100% BTC

>7.5 BTC
or
>5.6 BTC + 56 ETH

Which would you rather have? $ amount is the same.

I am looking for a crypto portfolio to hold. This is what I have come up with so far. Is this a decent portfolio allocation?

60% BTC
20% ETH
20% BAT

The BitMEX platform's derivatives are especially harmful to unregulated markets as these futures are settled in asset (BTC) instead of fiat.

When a contract settles or is sold on a BTC settled futures platform, the winner gets BTC (both short and long winners get BTC). The spot (fiat) market controls the settlement price and cannot be bought up with BTC. It can ONLY be sold down with BTC.

In a normal market there would be competing long traders offsetting the short traders. These long traders would be attempting to manipulate the spot up and therefore profit from their futures contract longs. This cannot happen in a BTC settled futures market without massive outside cash reserves. There is no way for a long trader to make fiat in order to buy the spot market up, they can only make BTC. The manipulation process ONLY works to the downside on BitMEX BTC settled futures. Since BitMEX is far and away the most volume, there is no competition for the short manipulators.

The manipulation cycle works like this:

1. They shorted futures, then dumped their BTC on the spot market causing their short futures positions to be profitable
2. They then close some futures and are paid in BTC from the people who took the 'long' side of the contract.
3. They open more short futures contracts and then dump the BTC they just earned on the spot market Finex, Stamp, Coinbase causing the new short futures contracts to be profitable.

The amusing part of this is that they are using the LONG traders own BTC to dump on the spot market causing the LONG trader to lose more money on the futures contract they hold.

Is any of you anons accumulating BTC?

is it?

>50 BTC
>500 ETH

with all the wallet hacks popping up lately, is it better for the average user to just leave their coins on a regulated exchange like coinbase?

And i dont even give a fuck because thats nothing to me. How jealous are you?