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> BTC's are numbers traded between speculators for no reason other than speculation. So are all derivatives.
by isitdopamine 6y ago
> BTC's are numbers traded between speculators for no reason other than speculation.
So are all derivatives.
- jqpabc123 6y agoTrue but most derivatives are based on an asset of some sort with real world value. It is not speculation based solely on the speculation that others will continue to speculate.
- MarkMc 6y agoThis is what worries me about Bitcoin. Right now total exposure to Bitcoin is a tiny fraction of the exposure to derivatives in 2008, but that could change as Bitcoin mania grows. Eventually a sudden drop in the price of Bitcoin could trigger a general economic collapse like in 2008