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Derivatives, or leverage, are common to all markets... much different thing than selling coin that doesn't exist... they just cause a shock when a big player blows up.

More stock options are traded notionally than the underlying stocks in a given day.

Gold is estimated to have derivatives 15-25x the underlying, Bitcoin is more volatile so probably much less.

So even at 10x that's 210M BTC

17 sats \ 1 reply \ @kepford 17h

Its annoying that so many bitcoiners ignore these realities and act like the sky is falling.

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Degen traders getting killed by theta

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