Derivatives and cryptosteemCreated with Sketch.

in #bitcoin5 years ago (edited)

If are one of the retardeds than is planning to do derivatives or a loser that lost his money doing derivatives, or a pseudo winner of derivatives...You should read what i have to say.

First of all, when you buy a derivative of a crypto asset or whatever, you don´t own anything...This means that if the company that you operate decides to close, you will get nothing...Because you are trading thin air...For example...Bitmex has made a lot of money moving the market as it pleases with clients money against them...And that´s very easy to do. As all money is centralized and you have a contracto of price, they can use your money as they please (moving prices in the real market). Not for mentioning that they don´t have any legal obligation to clients what so ever... They can close whenever they want and you can´t even complain. I don´t feel pitty of you, because maybe you deserve to be stolen...

Derivatives are ruinig the progress of cryptomarkets most of all because you are not investing in the real asset. So for example if a project need funds to improve itself, they won´t have any funds if you do derivatives, you are a dead fish in the water because your money doesn´t go to invest in the project and doens´t even move prices. Basicaly you gave your money for contract that doens´t worth shit...

In reality doing derivatives is like playing poker showing your cards to the casino owner...
You have to be a real dumbass to do derivatives...
Less that 2% of derivates traders survive one year...

So in conclusion what a derivative is...
Is a casino where you show your cards to the oposition and give your money to the enemy to bet against you!
bitmex-logo-alt.png
Got it?

So when you see Goldam Sachs and other interest in doing deriviatives in crypto space...They are basically calling you asshole...

Bitcoin is down, because losers decided to loose the money they got from the bull run in the casino...And that money is going directly to insitucional guys who are not stupid and will buy the real deal...Not for mentioning they leverage your position when it is against you, and down leverage when is in your favour...And let´s not forget the graphics manipulation and strategic lags...

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It's strong not just neat!

It´s my intention to shock...Because a lot of people lost´s tons of money doing derivatives...And all that money is getting out of crypto...So yes...If you are greedy and stupid you should ate leats know the truht...Cause i see many people doing derivatives thinking they own bitcoin or going to get rich XD

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