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4989020 No.4989020 [Reply] [Original]

Lol I foresee a dark future for BTC futures.
Imagine there will be a total crash of BTC to let's say $5.

Let's say that before the crash people shorted 8000 BTC in total at $16k.
To settle the orders a total of (16k/5)*8000 BTC needs to be bought. That's more that the total supply. Good luck CME group

>> No.4989041

its settled in cash dummy

>> No.4989082

>>4989020
If it is cheaper or easier for people to own futures instead of bitcoin the price will crash. Otherwise it will have no affect

>> No.4989152

>>4989041
What about the same scenario happening on BitMEX then?

>> No.4989195

>>4989020
They have circuit breakers at 7% up or down dipshit do you seriously think a company like CME would open themselves up like that without doing their due diligence, also cash settled meaning no bitcoin ever gets bought it sold its basically just betting

>> No.4989228

>>4989195
What do you mean by circuit breaker?

>> No.4989271

>>4989228
If there's a move bigger than 7% in either direction, trading is halted.

>> No.4989280

>>4989152
There are always same amount of long and short on MEX.

>> No.4989333

then people are credited more btc than exists. whats the problem? it's not like you can cash out the monopoly money.

>> No.4989342

>>4989280
Ah right, thanks

>> No.4989400

>>4989020
>Imagine there will be a total crash of BTC to let's say $5.

Never EVER ever EVER going to happen.

You have no idea just how much money is sitting on the sidelines waiting and salivating for a BTC crash.

You are deluded as fuck if you think BTC will ever be sub 5k again