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Same here. First I heard about it was fall of 2013, it was around $400. The thing even a person who was building an exchange to trade it could not explain me what it was. next time I looked at it it was over 10k. the only thing that kept me from investing when it dropped to 3-4K was Tethers...

You slacking it broke 63k

Do you understand the concept of volume? Small amount of traded volume could affect the price. BTC price is basically set by tethers. It took 200 mil per day to get us to 60k and 1 billion per day recently to break previous ATH.

During last day 1 billion tethers printed. Wonder how much is needed to push BTC up??????

Why not 1.3 million ?????

Ah, you meant just for crypto not overall. Then yes, cme is not for crypto.

that is $500 binance would gladly take off your hands.

Would like to hear your arguments why trading at unregulated crypto broker better than trading at the largest and one of the most reputable derivative exchange.

Got it. My expertise lays in algo trading based on statistical research, I do not know MM business to build operation. I am sure I can learn, but not where I want to focus.

Do you know this for certain? The red flag for me is 125x leverage, no sane real broker would allow this. It makes perfect sense for a bucket shop though.

the question is does Binance takes the other side of a trade ? Who clears the trades and etc.

Are they real futures, or just off short bucket shops products, where broker takes the other side and due to decentralized nature can just run stops, done in many forex bucket shops.

For those who know, is it a logic futures product like CL, DAx, Es and etc? It it is just a bucket shop instrument???

Very curious what the volume would be

Like I said, I do it think it is a legit futures product.

“trade crypto futures with 125x leverage” What can possible go wrong. :D:thumbsdown:This is not real futures product. Just bucket shop shit.

That is the most fascinating part of the story.

first time I heard about it fall of 2013. It was trading around 400. Few days later I was sitting across a table at the party with the guy who was building exchange to trade it, and he could not explain to me what this thing was. Then of course 2017 came. I was planning to invest when it hit...

Meanwhile almost 600 million Tethers printed over last day and price does not move. Strange.:rolleyes: 400k can only be achieved with gigantic Tethers manipulation. Just like today’s price. the analysis made me laugh.

Very good analogy. Many people just do not realize how much are in the vaults like you said. the only reason why cryptos got to where they are now is Tethers. Wish I was not so stubborn about them. Now even a billion issued every few days or saw can not push it higher without fiat.