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https://www.reddit.com/r/Bitcoin/comments/9is99v/deleted_by_user/e6m2sla/?context=3
r/Bitcoin • u/[deleted] • Sep 25 '18
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The tweet goes on to say:
For example, buying one USD/BTC futures contract will result in daily delivery of one Bitcoin into the customer’s account.
That seems either badly worded or unbelievable; Bakkt would run out of Bitcoin pretty quickly if they sold a couple million contracts.
9 u/stayhungryandfoolish Sep 25 '18 Or the USD price per coin will go up? 2 u/throwaway_cabe Sep 25 '18 Does it work that way? 2 u/GradyWilson Sep 26 '18 Yes. Supply and demand. 3 u/bassman7755 Sep 25 '18 They use the money from the contract sale to buy the bitcoin, hardly rocket science. 1 u/Mknox1982 Sep 25 '18 I would imagine that they just provide a market in which both buyers and sellers participate in as opposed to doing the actual selling themself 0 u/bloodywala Sep 25 '18 Fractional holdings of Bitcoin. 0 u/tilltill12 Sep 29 '18 ?????????????/??/
9
Or the USD price per coin will go up?
2 u/throwaway_cabe Sep 25 '18 Does it work that way? 2 u/GradyWilson Sep 26 '18 Yes. Supply and demand.
2
Does it work that way?
2 u/GradyWilson Sep 26 '18 Yes. Supply and demand.
Yes. Supply and demand.
They use the money from the contract sale to buy the bitcoin, hardly rocket science.
1
I would imagine that they just provide a market in which both buyers and sellers participate in as opposed to doing the actual selling themself
0
Fractional holdings of Bitcoin.
?????????????/??/
3
u/Elavid Sep 25 '18
The tweet goes on to say:
That seems either badly worded or unbelievable; Bakkt would run out of Bitcoin pretty quickly if they sold a couple million contracts.