Replying to Avatar Mags

The SEC approves 1st leveraged #Bitcoinโ€ฏfutures ETF...

I can lose money 2x faster + carrying costs in a bear market, but I can't buy via a spot ETF, ok Gary
Avatar
๐–‹๐–Ž๐–†๐–™๐–‰๐–Š๐–“๐–Ž๐–Š๐–— (ยฏ`โ—•โ€ฟโ—•ยดยฏ) 2y ago

You donโ€™t need these paper #bitcoin just buy the real #bitcoin

Reply to this note

Please Login to reply.

Discussion

Avatar
jimbocoin ๐Ÿƒ 2y ago

Exactly. The only reason for an ETF is to trade things that are inconvenient to exchange peer-to-peer.

Since Bitcoin is already a peer-to-peer technology, thereโ€™s no need for an intermediary.