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Topic: [2018-12-19] Bitcoin Futures Manipulation: How it Works and How to Reduce It (Read 107 times)

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Top Crypto Casino
Holders are currently just waiting patiently to see where the market is going, we are in a period where patience is really needed.
Don't know if it's related but I do remember the price started to crash during the end of December just a few days after the BTC Futures decision.
I agree with the article, (it's a good one) the BTC Futures is the open door for manipulation (like it happened before with others Futures)

Conclusion

Quote
The markets are comprised of some really smart hedge funds, crypto whales and algorithmic traders. They knew the exact dynamics that cash futures could bring to the still nascent Bitcoin markets.

Whether they actively took advantage of this to enrich themselves, no one can really tell. What is clear though is that cash futures didn’t bring the avalanche of institutional adoption many were hoping for.
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The markets were euphoric. The community was cheer-leading the imminent launch of Bitcoin futures first on the CBOE and then on the CME. Bitcoin reached its all time high.

They saw this as an indication that institutional investors were just around the corner and that Bitcoin was about to “moon.” Fast forward to today and the feeling is quite the opposite: hodlers are left scratching their heads and licking their wounds.

So, what happened?

While there were a number of factors that drove Bitcoin into one of its worst bear markets to date, one cannot ignore the potential negative impact that these futures had on the market.

CCN | https://www.ccn.com/bitcoin-futures-manipulation-how-it-works-and-how-to-reduce-it/
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