Wall Street is has made thievery into an art form and I hate the artists but I love the art.

Wall Street is has made thievery into an art form and I hate the artists but I love the art.


BitCoin is Almost Gambling I say almost because the game is rigged. Back in the early days of alt-coins, the Bitcoin enthusiasts lavish the day when institutional investors would jump into the Bitcoin market. At the same time, the Wallstreet talking heads were ranting about how Bitcoin was mostly used by criminals doing all sorts of bad things.

I think they must have been jealous because of the un-sophisticated criminals who were making tons of money with their crimes and were making the professional criminals look like amateurs.

This was bad for their business because if some random guy who's living in his mom's cellar is stealing more money than an army of Wall Street hacks renting prime real-estate in a glass tower at 10 dollars a foot on the upper side of Manhatten renting. It's a matter of pride and ego, and money.

Wall Street is has made thievery into an art form and I hate the artists but I love the art.

Would you like to know how they do it? Here's my theory. Let's say that some Wall Street hack is sitting on 10,000 BTC valued at 10,000 USD, Now he dumps 5000 BTC on the market and buys futures contracts which expire at 8500. His sale of the 5000 BTC causes downward pressure on the BTC price which guaranties his future contracts will be profitable to him.
But how does he know when is the best time to strike? Because he's a professional market watcher who has access to markets and software which tells him when to do it. Can one guy with 10,000 BTC cause deep market swings by himself? Not likely, but it's equally not likely that one person is. Here why, what you pay to have access to a program the doesn't predict the future but makes it for you? Would you pay 50,000 a month for something like that if you could? How about 75,000 or a 100,000 or more. We just don't know how many people who can afford to pay to subscribe can access a software machine like this and are active subscribers. For the sake of argument let's assume a conservative number let's say that this software has 50 subscribers each having access to 10,000 BTC. This would put 250,000 BTC into play like this and that amount of BTC sell-off is likely to stutter the market.

"Ok, so why does Themis Trading care about bitcoin futures?  Because we see the same problem forming here that has been going on in the equities market for years.  Large, high frequency clients demand a product from the exchanges and the exchanges (who are for-profit, public companies) comply even if they have their own reservations because they don’t want to miss a profit opportunity.  In the equity market, we saw major exchanges like the NYSE and BATS get fined millions of dollars because they caved in to the pressure of these clients by doing things like improperly sending market data to proprietary customers first and not disclosing special order types."

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BitcoinForBeginners
BitcoinForBeginners

Bitcoin for Beginners web site will launch in the near future and help to promote platforms like publish0x and many others. Its mission is to educate and inform the public on the state of crypto currencies and tokens.


BitcoinForBeginners
BitcoinForBeginners

One man's opinion on the state of Crypto Currencies.

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