Profile image
Story Views

Last Hour:
Last 24 Hours:

Urgent Note on Bitcoin Derivatives and Exchanges

Wednesday, January 11, 2017 16:15
% of readers think this story is Fact. Add your two cents.

by Bix Weir, via SGT Report:

For those of you sweating this latest Bitcoin move down to $800… WELCOME TO BITCOIN! The mini-bubble has now been popped and we are near the trend line for all you “Bitcoin traders” out there. I wish you the best but if you keep your BTC in an exchange or online wallet you will soon kiss it all goodbye no matter where the price is!

This is how the game is played in the Bitcoin Derivative Exchanges.

Yes, ALL Bitcoin exchanges are Derivatives of Bitcoin transactions as was seen in the Mt. Gox implosion. The way it works is that the Exchanges hold a pool of Bitcoin and cash then allows the participants to trade back and forth in quantities that they wish according to their holdings. These trades are NOT Bitcoin transactions on the Blockchain. They are only transactions within the Exchange’s Pool. Actual Bitcoin transactions happen only when BTC is brought into the pool or paid out to the investors from the pool when they remove themselves from the exchange.

Clearly, there is a lot of room for rehypothication by those that operate the exchange and the larger players in that exchange.

The reason for the latest Bitcoin slam is that China is investigating the shenanigans of the Chinese BTC exchanges that report massive volumes. Note, this is not to shut them down or curb capital flight out of China as many have proposed, but rather to ensure the validity and trustworthiness of Bitcoin operations in the future as China will soon EMBRACE Bitcoin in the very near future.

Your Bitcoin should be treated just like your silver investments…Physical Bitcoin in your own possession.

Physical Bitcoin is BTC that has been transferred out of the online wallets and exchanges and onto either a hard drive or a Paper Wallet and stored in your own possession with no 3rd party between you and your Bitcoin.

For more info on Paper BTC Wallets see these videos.

Now is the time to Brace Yourself for the crash. There will be no pricing for any assets, including Bitcoin, during this period as ALL exchanges and 3rd party dealers will go under because they ALL require fiat money to run their businesses.

Protect yourself from this eventual occurrence.

May the Road you choose be the Right Road.

Bix Weir

We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.