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Topic: [2018-09-02] Ether Futures May Be Bad for the Crypto but Good for Bitcoin (Read 166 times)

brand new
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Awkward is not sounding it we can call the react of us for the helping to ask by somebody and then feel some shy to regard that one. I have never felt awkward in rush essay reviews for the helping by them or to do for them.
legendary
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Merit: 1218
Change is in your hands
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Tom Lee needs to calm down.

Lol, I am afraid it's too late for that...  Grin

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The fact that he blames the futures for Bitcoin's post bull run correction just shows how little he understands of this market. The only reason the shorts at that point accumulated was because everyone with common sense sold the news, plus there is enough historical evidence that the first months of each year have proven to be one of the worst for Bitcoin, which contributes to selling pressure as well.

Exactly, But apparently, he is a 'Wall St Analyst" xD. Don't know how he got that title. He must sound like a troll to the 'conventional' investors.

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Ether futures will become a failure with next to no demand. I highly doubt that we'll see the price move, especially with how the myth that huge loads of institutional capital will enter the market through futures has been debunked.

Agreed!
legendary
Activity: 2170
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Tom Lee needs to calm down.

The fact that he blames the futures for Bitcoin's post bull run correction just shows how little he understands of this market. The only reason the shorts at that point accumulated was because everyone with common sense sold the news, plus there is enough historical evidence that the first months of each year have proven to be one of the worst for Bitcoin, which contributes to selling pressure as well.

Ether futures will become a failure with next to no demand. I highly doubt that we'll see the price move, especially with how the myth that huge loads of institutional capital will enter the market through futures has been debunked.
legendary
Activity: 1512
Merit: 1218
Change is in your hands
From the article: "Tom Lee, the co-founder of Fundstrat Global Advisors and a well-known bitcoin bull, has recently revealed he believes ether futures may be bad for the cryptocurrency, and good for bitcoin."

Link: https://www.cryptoglobe.com/latest/2018/09/ether-futures-may-be-bad-for-the-cryptocurrency-says-wall-street-analyst-tom-lee/



He is a BTCeliever!  Cheesy
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