I maintain that we still need a global currency crisis / collapse followed by a flood into precious metals. Once people realise that BTC and its derivatives are as good as precious metals and easier to use we will start to see real commerce take place in crypto. See you there, might have grey hair by then. But these dayys have been fun. We were there dudes!!
What drivatives has Bitcoin got? I heard they helped cause the last stock market crash. Fuck derivatives.
Take your meds mate. I meant altcoins (generally derived from the BTC source code)
Good, the last thing Bitcoin needs is derivatives (like the debt packages in the stock market).
Well ironically the winkelvoss ETF would be a derivative. Their company plans to purchase one BTC for every 5 shares in the etf owned. Unfortunately this is exactly what BTC needs right now to allow the gamblers a regulated environment for purchasing BTC with stupid amounts of money.
The more I think about it, the more grave is BTC's immediate future. I believe that ETF was already speculatively priced into BTC too which is also deflating with all the rest of the bad news. There is still big money in BTC and these are the guys doing the mini pumps followed by the massive dumps. And as said they will do this all the way down to zero or until they are out of the market. They need to get their money back and they don't care about you, me, or Bitcoin.
Both derivatives and shorting ought to be good for Bitcoin if only the currency (not only the technology) gained some significant traction with some kind of real use case. But there doesn't seem to be much adoption other than waves of shorting traders.
It depends what sort of derivatives you are talking about. The type I am against are like the packages of debt, the source of which the buyers don't know. I heard the last big bank crash was partially caused by traders buying packages of mortgage debt, but they didn't know it was mortgage debt. People had been given mortgages who had not got a hope in hell of paying and someone put that debt into a derivative and sold it.
The winkelvoss ETF might be regarded as a derivative, but it's a completely different kind of derivative to the dodgy ones available before the last bank crash.
, traders are trying to push the price under 200 to level the playing field (they think early adopters and big mines have too much power currently). 
