submitted by /u/CoinMarketExpert [link] [comments] |
source https://www.reddit.com/r/btc/comments/daro45/is_bitcoin_heading_into_a_bear_market_or_is_this/
This blog brings you the best Cryptocurrency & Blockchain, ICO & P2P and Exchange & Laws news. Also contains technology and research based post from all around the world every single day. Get informed! Think Future!
Are there good criticisms of this model other than past performance not being a good model of the future? (e.g. some flaws about the assumptions of stock to flow itself) Just wondering how much weight I should give this because a lot of people say it has good predictive value.
First I want to clarify that these developments could improve adoption. But on the other hand, these financial products are nothing but derivatives, which are completely against to whole case Bitcoin stands for.
We had CBOE, CME and now we have Bakkt. These platforms create a new, derivative based market, a meta bubble that actually do the same thing with BTC, that we was experiencing with gold. People are trading many times more gold based derivatives than the actual, physical supply.
As I see, if these derivatives will get serious attention, that would cause two things:
Are there some other important reasons I don't understand, or everybody just want to trade it to make FIAT profit and do not care about the financial benefits of this disturbing technology at all?