Play stupid games, win stupid prizes.

So frustrating and all so tiresome Cannot wait until these fiat fuckheads to get blown up

Do you think this is the only company doing that? I'm pretty sure more than half of the Bitcoin companies are doing this.

Rack em!

How does derivative trading affect the price of the underlying asset?

It's not that you have not been warned. With Monero we figured that effective means of (naked) shorting have been applied to Monero through CEX. Monero was the only coin out of millions of literal shitcoins that heavily underperformed in the last cycle. The analysis showed that CEX were using fra...

They can trade paper bitcoin all they want. 🙄 Bitcoin may be permissionless but it not for dumb people.

Jane Street Merde!

The 21M cap constrains protocol issuance — it doesn't constrain paper exposure layered on top. Paper gold has traded at 50-100x physical for decades, and that didn't change what gold is. The question is what happens when counterparties demand on-chain settlement: the derivative collapses to protoc...

«there is no paper bitcoin morons» -some bitcoin guru Yeah, kiss my fucking ass. and you can bet your socks there are a ton more of this in all corners of the system.

This sucks for the O.G.’s but anyone who got in since 2022 should be counting their blessings 😂

Predictable. Anyway this is only on the short term imo. Price always corrects in the long term. But the way Bitcoin brokes this is by using Bitcoin as money.

I don’t get how any entity can move a 2T market without getting their asses ripped out by spreads and fees. If you’re trading in that much volume then as soon as the market moves you lose the margin that would have made the trade profitable. You lose on the way down and way back up

Idiots in 2021: "The institutions are coming!!! Moooon!".

Just more news fuel. Written to attract views. Move on 👀

Shitcoining again?

“So then, the (21M) cap is irrelevant when Jane Street can fabricate unlimited synthetic supply through undisclosed derivatives stacked on top of its own ETF inventory.” Now we know the answer to the price mystery. And color me not surprised. Paper bitcoin… https://x.com/1914ad/status/202675...

It’s why self custody and privacy are the battle. Anyone standing in the way of privacy tech for Bitcoin is probably my a fed.

All the on chain "influencers" all just said it was only long time coiners "taking profits". My ass. This financial system is so scummy. Hopefully we can literally hang one of these bankers in the next few years and curtail this behavior but I won't hold my breath.

I don’t believe any of that slop

People don't want to learn self custody. This will always be true. There will always be paper bitcoin.

Cheap Sats for the plebs. Load up boys