REASON WHY ALLOWING BITCOIN FUTURES WILL BE BITCOINS’ DOOMSDAY
Remember 2008? That's when most of financial institution around the world came into a stand still when people pained to save their investments from corrupt banks and governments then an idea was born.
Shatoshi Nakamoto founded this idea. Bitcoin is controlled or regulated by any banks or governments. The same governments created inflation, they are the same people who are now advocating for bitcoin futures, and according it me we’re sitting on a ticking time bomb.
Bitcoin was to solve this problem when the governments and banks failed miserably to prevent greed and corruption from their institutions the idea of bitcoin is avoid control, greed and corruption that ruled the banks and governments from dragging everybody to the graves that they dug.
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What will happen to bitcoin? What if happen if that person is active on bitcoin futures he/she can manipulate the price by buying bitcoin in large quantity then manipulate the prices either it will go up or down? Then he/she will proceed to sell bitcoins. This will make bitcoin a puppet. I know shatoshi must be pissed off by this idea. This is what he hated most that why he founded bitcoin, when we allow them to go ahead there will be no difference between bitcoin and currency. It is a matter of time then the government will be crawling inside our bedroom and who know maybe it will be worse than Silk Road or maybe i t will be bitcoin doomsday.