Topic: Goldman Sachs with the futures (Read 446 times)

Goldman Sachs will be doing futures instead of a proper bitcoin desk, I am sick and tired of hearing this. Stop with the futures and start with ETFs please.

I hope do not let Bitcoin in its ownership dominance by Goldman Sachs because we know in is its Bank and Gold cartel all over the world.
When Bitcoin is possessed by him it may happen that his name is Monopoly.

Hope I do not get that way because I'm sure if Bitcoin like that then Bitcoin will lose its price.

I got some cheese the other day, and they said these futures thing where cheese makers purchase milk from the producers is long gone, because the number of milk producers is decreasing. It may be the same thing with bitcoin, if it gets too cheap, people will simply sell their miner computers, and the futures assholes will lose money as well.
So, I dont think they will allow that.

“ imaginary contract”. LMGDAO!! Do you even read what you type? You have NO idea what you’re talking about.

I could not say this better myself. Once they are sure that their customers are asking for the new technology, they are selling them fake derivatives.

...

You can buy a real gold (or silver) coin or bar and hold it in your hand (like bitcoin) and only trust yourself.

or

You can buy an imaginary contract which says that own something you actually don't.
- https://en.wikipedia.org/wiki/Gold_certificate
- https://en.wikipedia.org/wiki/Futures_contract

...

It is a crime to sell someone something that you do not own.

EDIT: Also consider that these banking institutions had been reinforcing the same message for years ... that Bitcoin is a 'ponzi' scheme with no intrinsic value or worth. Now that they have customers who are interested in owning bitcoin, they are now happy to sell them 'fake' derivative based bitcoin contracts? Seriously.  

- What's Eating You?
- https://youtu.be/bAF35dekiAY

Removing the depending on banks totally will not be possible in our lifetime just like you have expressed concern. Many people out there do not even know about bitcoin and there are countries banning it and making its spread difficult.

NO, it will have a positive impact on GSA's fat bottom line. The "customers" will be raped and fleeced like all GSA "customers".

I guess you don't understand that ETF's are constructed of various derivative products. Futures and Options being the lion's share of their construct. No Futures......no ETF's.

I believe ETFs should be in the game instead of futures, which is a gambling tool anyways.

If this is just a statement, I think it's okay. but what Goldman and his team are working for is to bring their clients to invest in bitcoins. it will have a positive impact on the market 

I think they will soon be partnering with a number of altcoins to improve their currency trading services and Goldman Sachs will be one of the most influential banks for Cryptoccurrency. This is a very trusting bank in Crypto and they will cooperate to develop Cryptocurrency. I think this is really a sign of Crypto's strong development.

Goldman Sachs sees bitcoin as a currency
"Bitcoin as Money," a proprietary study published by Goldman Sachs, argues, "Our assumption is that long-term monetary gains will be (or are slightly lower) than growth of global real output. "Ultimately," the mathematical algorithm should be considered as a low-yielding asset, like gold or some other precious metal, "Goldman Sachs expressed. Goldman suggests a hypothesis where electronic money is a currency.
As one of the oldest US banks, Goldman Sachs has been around for about 150 years. It has existed for decades before the Federal Reserve (Fed) appeared, experiencing various financial events. Goldman employees continue to run the world, occupying the most powerful offices in the government. When this bank issues a topic, the market will listen to it.

Places like GSA and JP Morgan Chase et al, are only interested in one thing. Stealing money. They have no idea how to make it legitimately. They always need an inside edge or inside game. GSA will use BTC Futures and Options the same way they use ALL derivatives or secondary market products. They have a trading desk with a bunch of douche bag monkeys working on it. They call themselves "Traders", but they are the furthest thing from it. They're just lowlife halfwit dumb asses that blew the right boss to get the job on the desk.  It s their job to show their "customers" Bids and Asks outside of the current markets available to the trading desk. If You sell BTC in you GSA Futures account, you will sell it them at a worse price than they can sell it. EG; you sell one BTC contract through them at $6,499.00. They then turn around and sell it on their inside market at $6,505.00. Instant profit, NO RISK....AND they charge your account a huge fucking commission to do it. Keep in mind that they do this on HUGE volume day in and day out. Not much anyone can do. People are stupid and they give GSA their business because they are ignorant and gullible. Futures and Options aren't the demons they are made out to be. As with all things. It's the scumbags that abuse them. Personally, I use discount brokers and do my own executions. Futures and Options bring legitimate hedging to the market place which in turn provides much needed liquidity. They are also very highly regulated. Could it be better?? Hell yes. What can't. Prior to this, your only ability to sell BTC without being long was in the "Swaps" markets which were all dark room transactions only utilized by huge players and Investment banks. This provides MUCH greater visibility than that scene.

I see that you know a little bit about this. What do you suggest, what is your solution? Here is my original post:
Goldman Sachs will be doing futures instead of a proper bitcoin desk, which makes me sick to my stomach.
These people are doing everything they can to sink the great Bitcoin game, but they will fail because nothing can stand in the way of progress.
https://www.coindesk.com/goldman-sachs-to-begin-bitcoin-futures-trading-within-weeks/
Goldman executive Rana Yared said the decision resulted from a growing number of inquiries from clients that indicated interest in holding bitcoin as an alternative asset.

"It resonates with us when a client says, 'I want to hold bitcoin or bitcoin futures because I think it is an alternate store of value,'" she told the Times.
AAAAAAND what do they choose? Friggin Futures of course.

I don’t think why these kind of people are just against of bitcoin and why they can’t tolerate the progress of bitcoin. Bitcoin being an asset and a very sustainable crypto currency has always proved its worth and has provided so many facilities to the needy like employment, reducing poverty but why don’t these people understand these things and why they wants to just obstructs the path of bitcoin but I believe that these little tactics will not affect the path of progress of bitcoin.

Yes news, of course not very pleasanting . I will add, as far as I know last year 2017, this company bought the Poloniex exchange. Only I don't know why they're playing a double now. I can assume that they are playing a double game. In the media, they can say one thing, but actually do other things, buy or sell bitcoin. Don't believe the news.

It's extremely easy to short BTC with futures. Click of a button. I do it all the time to hedge my natural long positions from mining. There is nothing wrong with "two way markets". There is everything wrong with "one way markets". They are waaay more easy to manipulate. Also, you do realize that ETF's are constructed with futures and options contracts don't you??

Keep in mind this was the first time in BTC history where a participant could actively "short" the matket.In current times the competition Bitmain is facing is healthy and allows that market to become less centralized,

I think someone or some country said they planned to open up ETFs, can't remember who though. Was it a wall street firm or something? Anyone?