Damus
nostrich · 2d
Expect fractional reserved exchanges to falter. Use decentralised exchanges to minimise risk. Monero is about to squeeze them.
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Not directly related on the topic, but what is the influence of perpetual futures trading on the price (of monero)? There is no actual exchange of monero possible with a contract like that. You can't deposit or withdraw monero.

I have a feeling that the volume for this kind of trading is used to manipulate the spot price.

The volume in these trades is with supply that is non existent. So a kind of supply out of nothing (= money creation).

Was interested in your thoughts.

1
nostrich · 1d
Yes it has an effect. But a minor one. It's like going into the casino or a betting house. It's a zero sum game for gamblers. Perps or futures are just paper claims. The difference is that when people expect to buy the real thing, but actually get paper and can not withdraw. Now if they manage t...