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Topic: 2021-1-25 Forbes - BTC Is Braced For A Huge $4B Price Earthquake This Week (Read 127 times)

legendary
Activity: 1904
Merit: 1159
I did not actually, thank for mentioning it. He used to be one of my fav Forbes contributor but recently he has a very bad streak I must say.
About the gap, yes, it is very big right now. It is only a matter of time now until we see what the expiration will mean for the market. During sideways times, options tend to hit hard.
"Forbes" used to be a respected name for some of us in the developing countries. It used to be equated with quality publication and good business advice. Now its just another one of those ad-filled websites with freelancing contributions. This bullish sentiment was expressed earlier by the same contributor when he quoted the virtual strategy meet planned by MSTR.

Now can somebody explain that how is option's expiring a $4B price earthquake? Just an ELI5 on what affect does these Futures contracts have on a commodity? Are they really the sign of a maturing commodity and as much of a big deal as it is made to look?
legendary
Activity: 3010
Merit: 3724
Join the world-leading crypto sportsbook NOW!
I did not actually, thank for mentioning it. He used to be one of my fav Forbes contributor but recently he has a very bad streak I must say.
About the gap, yes, it is very big right now. It is only a matter of time now until we see what the expiration will mean for the market. During sideways times, options tend to hit hard.

He was all right. Had a few sloppy articles especially in 2018/19 but in general, pretty decent reporting (not so much journalism, but then that's being unfair because relative to the vile content we're seeing in general, it's top shelf material). It's tough to judge these guys sometimes -- I know editors hold sway a lot of the time and there's always a line to toe when it comes to who's paying your salary.
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
Showed up on my feed as well, was like so? Gamestop is taking all the juice right now, that and AMC Nokia and Blackberry
People are having a swell time on wall street bets these options are probably not on many people's radar right now.
A more interesting story is ordinary day traders causing a Brokerage who had naked calls to almost go bankrupt and the tale of the day
legendary
Activity: 1316
Merit: 1481
Anyone else noticed good old Billy B's changed his profile info to also say he's now founded another crypto thing? He's not the worst reporter for Forbes, but he's certainly found a way to hit readers with the biggest and most explosive "statistics".

That said, hasn't there always been a rush to fill the "options" gap? And IIRC correctly, that gap now is pretty wide, current price at 31k or thereabouts. Big rush to 36k at least if we're still "flatlining" by 29th heh.
I did not actually, thank for mentioning it. He used to be one of my fav Forbes contributor but recently he has a very bad streak I must say.
About the gap, yes, it is very big right now. It is only a matter of time now until we see what the expiration will mean for the market. During sideways times, options tend to hit hard.
legendary
Activity: 3010
Merit: 3724
Join the world-leading crypto sportsbook NOW!
Anyone else noticed good old Billy B's changed his profile info to also say he's now founded another crypto thing? He's not the worst reporter for Forbes, but he's certainly found a way to hit readers with the biggest and most explosive "statistics".

That said, hasn't there always been a rush to fill the "options" gap? And IIRC correctly, that gap now is pretty wide, current price at 31k or thereabouts. Big rush to 36k at least if we're still "flatlining" by 29th heh.
legendary
Activity: 4256
Merit: 1313
Quote
Bitcoin has struggled to maintain its momentum in the second half of January after its huge start to the year.

The bitcoin price has flatlined (even as other, smaller cryptocurrencies continue to soar) as fears mount about a swelling bitcoin bubble.

Now, with excitement building ahead of a hotly-anticipated virtual "bitcoin corporate strategy" summit in the first week of February, a record near-$4 billion worth of bitcoin options are set to expire this Friday, January 29.

https://www.forbes.com/sites/billybambrough/2021/01/25/bitcoin-is-braced-for-a-huge-4-billion-price-earthquake-this-week/

Nobody, and I repeat, nobody cared about the bitcoin options expiring in December, November, October 2020 but now that the nothingness around what to write has come, these options become the new discussion topic in town. Okay.

"Come and click on the ads in our article"

"bitcoin price has flatlined" - given today, that is inaccurate....the article is past its expiration date already.  :-)
legendary
Activity: 1974
Merit: 2124
Quote
Bitcoin has struggled to maintain its momentum in the second half of January after its huge start to the year.

The bitcoin price has flatlined (even as other, smaller cryptocurrencies continue to soar) as fears mount about a swelling bitcoin bubble.

Now, with excitement building ahead of a hotly-anticipated virtual "bitcoin corporate strategy" summit in the first week of February, a record near-$4 billion worth of bitcoin options are set to expire this Friday, January 29.

https://www.forbes.com/sites/billybambrough/2021/01/25/bitcoin-is-braced-for-a-huge-4-billion-price-earthquake-this-week/

Nobody, and I repeat, nobody cared about the bitcoin options expiring in December, November, October 2020 but now that the nothingness around what to write has come, these options become the new discussion topic in town. Okay.

They just want viewers and what will be best to get the attention than Bitcoin.
legendary
Activity: 1316
Merit: 1481
Quote
Bitcoin has struggled to maintain its momentum in the second half of January after its huge start to the year.

The bitcoin price has flatlined (even as other, smaller cryptocurrencies continue to soar) as fears mount about a swelling bitcoin bubble.

Now, with excitement building ahead of a hotly-anticipated virtual "bitcoin corporate strategy" summit in the first week of February, a record near-$4 billion worth of bitcoin options are set to expire this Friday, January 29.

https://www.forbes.com/sites/billybambrough/2021/01/25/bitcoin-is-braced-for-a-huge-4-billion-price-earthquake-this-week/

Nobody, and I repeat, nobody cared about the bitcoin options expiring in December, November, October 2020 but now that the nothingness around what to write has come, these options become the new discussion topic in town. Okay.
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