It's over. They're taking all our money.
It's over. They're taking all our money
Hudson Peterson
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Jordan Peterson
This is a good thing right?
Jaxon Fisher
user.. no
Ian Evans
It's fud. The futures market already caused the 2018 crash
Landon Davis
Owen Clark
Good for bitcoin, bad for diy algo traders
Aaron Howard
this is good. everything will change.
Colton Martinez
>bitcoin outlawed, price crashes to zero, miners go bankrupt, 51% attacks on the blockchain
>this is good for bitcoin!
Lucas Murphy
more time to accumulate, right?
Cameron Gonzalez
Lol the biggest news in crypto, 8 replies. Smdh.
Evan Wilson
No, that means that bitcoin as an asset will be tamed. No more moon-missions
Nathan Thomas
I wish they’d open up their funds to people with six figures of cash to deploy
Justin Clark
why tho
Michael White
There is more money to be made on the short side of futures + selling the real asset to crash the BTC market.
Nathaniel Jones
But you can't create bitcoin out of nothing so that game doesn't work without making the long term holders rich
Blake Long
You can with future contracts. You never have to actually buy bitcoin.
Chase Robinson
this
Ian Allen
bearish
Dominic Thomas
You guys are missing the point... this is literally the institutional money meme. The world's leading hedge fund is saying: bitcoin is an asset worth investing in (or shorting). The government gave them permission too.
This means the gate is open for other institutional money to follow their lead.
Carter Gray
isn't that the most elite algo trader or some shit? we might be fucked bros
Ryan White
99% of the board has no idea who Simons even is. Not surprising considering that the average age here is 15
Elijah Gomez
he'll pump btc to 100k
Noah Gray
I thought they were super secretive about everything why would they disclose this to the public?
Parker Stewart
there is not enough liquidity in the bitcoin futures market for a big firm like Renaissance to do something serious with it
simple as
Aiden Nelson
Jews
Benjamin Ward
They obviously bought in already, check the nr of entities with 1000 or more btc graph, now they get msm to lure the normies in.
Isaac Lopez
... and we'll see derivatives manipulate (i.e suppress) the price same as you see with silver prices right now.
William Adams
No.
>biggest news in crypto
Renaissance doesn't make money on "holding", they take a position for literal microseconds. This just means everyone will get scalped to death, it's the end of retail trading on Bitcorn.
Michael Scott
If you knew who he is you would understand it's no bullish at all.
Lincoln Gray
Hurr durr no one makes money on the stock market because simons' scalping strategies!
Ryder Mitchell
did someone say...derivates?
Colton Scott
>This just means everyone will get scalped to death
Nah, this market is corner-able and mostly cornered already.
