People need digital currency, but they do not need it like this.
It is like in the green energy area, many company died, not because they do not need green energy, but because they just need something to solve a specific problem. Tesla is an example.
In this aspect, ripple do beeter than any other crypo.
Will never up before the short rule change. . Ridiculous rule
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...what's up with all the random, unsubstantiated pessimism from members of the Chinese community lately?
Things finally seem to be starting to turn around...guess they didn't get the memo.
Both observations are correct. The Chinese are smart.
If I'm bad guy, and I have 1 million USD. I want BTS price keep falling down.
What I need to do is, change all my money to BITUSD, Then wait the monthly expire of short order. I'll hold all my BITUSD until we have no enough shorter, the expired short order have to get the BITUSD to cover. Shorter need to sell BTS to get BITUSD, while all the BITUSD is hold by me.This will keep the price falling.
As a bad guy, I'll lose nothing, while earn some interesting.
I think the rule need be changed. The one hold BITUSD should pay people short for them.
In an bank I borrow money, and I can use the money to do more meaningful things and pay interesting.
In BTS, I short BTS to get BITUSD, but I can not use the BITUSD, other people get my BITUSD, and use BITUSD, and I have to pay the interesting to him. What a fuck???
BM, how u come up this ideal to make BTS as an bank? that is ridiculous.
BITUSD is for trade, not for people to hold. I'd like suggest people who short, set interesting to 0.