Oddbean new post about | logout
▲ ▼
gr8ful4 | 4 days ago (raw) | export | reply | flag +4 
 From a chart perspective, Monero bull market will be brutal when it hits.

With no exchanges left to short and little liquidity available it will only know one direction for years.
▲ ▼
4bf4759c | 3 days ago (raw) | root | parent | reply | flag 
 Wait, I think Binance still has XMR futures being traded?
https://www.binance.com/en/futures/XMRUSDT
Not the actual asset, just futures. Very sneaky. I think most exchanges will do this eventually. 
We'll end up with two prices of Monero: the "above ground" CEX paper price, and the "street" price on DEX.
▲ ▼
mbl007 | 3 days ago (raw) | root | parent | reply | flag 
 Futures is a tool to influence on the price, suppress or pump it, they don't even need to fake sell Monero now, they can just artificially lower the price on Futures and letting people sell real Monero for doing the arbitrage, it's the same on PM and on everything they want, Bitcoin price on the other way is probably pushing up because of Futures. And Because price is an indicator, if Monero don't goes up like Bitcoin, people will think Monero have a problem, they "naturally" go to Bitcoin instead, this is how you can deviate compass because yes of course, all roads lead to Monero 😄 🍺