I'd buy forwards for $1.5--would you sell there?
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Isn't spot price almost $2 now? So you're betting price will be over $1.5 in six months..?
When do you plan to launch FTT/USDT perps, and any reason for the delay? Might be easier if I just wait for that if it's soon.
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Oooof about to make the worst bet of his life... May your sacrifice be honored by the bull gods ❤️
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. you were the one implying FTT was really rich right now--so presumably you'd be happy to sell at $1.50? If not are you trying to say that you think it should have been up "only" 50% yesterday?
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No I just want to get a fair price. You're trying to bid well below the spot price for your bet (implying you think the market will fall from here also).
Hence, I'd prefer to wait for your FTT/USD derivatives to launch so I can short perps. Is there any ETA on that?
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Come on Su, why would they list a perp on their own token to satisfy your goading? Binance don't let you short bnb last time I checked. Why not congratulate for their achievements instead of salty posts? There's enough fud & bitterness in the space alrdy. Peace out
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1) Binance "technically" lets you short BNB but you have to pay 0.30% per day to do it (!)
2) Listing FTT futures without a high short cost would hurt the fee discount model
3) I'd really appreciate it if you gave some indication of what you think FTT is worth!
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Could you please elaborate on (2)? Why would the ability to do FTTUSD shorting hurt the fee discount model?
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Because you can buy FTT for lower fees then short FTT to remain neutral. You havent contributed anything but ur getting lower fees
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yup this is the reason!