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Would some cryptocurrency stuff count? We have no idea how much a handful of whales control Bitcoin or Eth. The tether thing seems really shaky too with how muc

Would some cryptocurrency stuff count? We have no idea how much a handful of whales control Bitcoin or Eth. The tether thing seems really shaky too with how much they actually have in reserves. Same with a number of exchanges or major market players. Cryptocurrency is also a bit wonky because of always including forever lost access to a solid percentage of the currency. Bitcoin is the most notable.

Ekaros 5y ago
Bitcoin is best example. Somehow currency we aren't sure how much is reachable anymore should come some sort of gold standard... Like at any moment significant fraction of it could be dumped on market. Probably won't, but it is not entirely certain...
- JanisL 5y ago
  Bitcoin is a lot less liquid than many people think, a lot of wash trading has occurred recently that has obscured this.
  - skinnymuch 5y ago
    I wish there was better or more reporting and stuff on this. I have assumed this is the case. But :/
JanisL 5y ago
Tether is an enormous fraud and the financial reporting of the reserves has just never been up to generally accepted standards. The thing with crypto is that much like some of these other commodity markets there's less real trading volume than many people think (there's been a lot of wash trading going on: https://cryptobriefing.com/binance-wash-trading-icebergs-tips/ https://cryptobriefing.com/binance-wash-trading-icebergs-tip...). Where crypto is very different from the futures markets is that you can just buy the stuff directly because the costs of holding it are much lower. Say I want to invest in oil, it's a massive pain in the ass to build warehousing to start taking delivery, whereas something like crypto is much easier for a company or individual to hold. From this point of view there's very real non-regulatory reasons why trading futures for oil makes sense whereas this is not so for cryptocurrencies.
- skinnymuch 5y ago
  Ah yes this makes sense

Ekaros 5y ago

Bitcoin is best example. Somehow currency we aren't sure how much is reachable anymore should come some sort of gold standard... Like at any moment significant fraction of it could be dumped on market. Probably won't, but it is not entirely certain...

JanisL 5y ago
Bitcoin is a lot less liquid than many people think, a lot of wash trading has occurred recently that has obscured this.
- skinnymuch 5y ago
  I wish there was better or more reporting and stuff on this. I have assumed this is the case. But :/

JanisL 5y ago

Tether is an enormous fraud and the financial reporting of the reserves has just never been up to generally accepted standards. The thing with crypto is that much like some of these other commodity markets there's less real trading volume than many people think (there's been a lot of wash trading going on: https://cryptobriefing.com/binance-wash-trading-icebergs-tips/ https://cryptobriefing.com/binance-wash-trading-icebergs-tip...). Where crypto is very different from the futures markets is that you can just buy the stuff directly because the costs of holding it are much lower. Say I want to invest in oil, it's a massive pain in the ass to build warehousing to start taking delivery, whereas something like crypto is much easier for a company or individual to hold. From this point of view there's very real non-regulatory reasons why trading futures for oil makes sense whereas this is not so for cryptocurrencies.

skinnymuch 5y ago
Ah yes this makes sense