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Topic: Bitcoin being held down by CME, BAKKT? - page 2. (Read 263 times)

legendary
Activity: 3556
Merit: 7011
Top Crypto Casino
December 05, 2019, 10:51:20 AM
#7
Futures track exchanges prices
You know, that's kind of the answer I've been looking for as to my question about whether futures exchanges can affect bitcoin's price and if so, how.  But you're saying that they're relying on the prices reported by "exchanges".  If that's true, any idea which exchange(s) they use?

That actually makes a lot of sense, though I know in the metals market the prices are actually created by the futures markets (right?).  The spot price of gold is what's reported on the commodities exchanges, and they're basically trading futures there.  I guess bitcoin is a different beast entirely.
legendary
Activity: 2282
Merit: 1035
December 05, 2019, 10:32:04 AM
#6
I'm wonderring if Bitcoin price can be held down by CME Futures and BAKKT like gold is for many years. The thing is they are not backed by BTC, BAKKT spouse to be but is probably not, so can they work as an inflation on Bitcoin?

I think that we can observe Bitcoin price reduction through futures right now. Many of the contracts ended and despite the fact that the market atmosphere was positive, the price was lowered. In my opinion, this was the effect that investors on the crypto exchanges were afraid that closing many contracts would cause a drop in price, which actually happened.
What will happen in the future is unfortunately unknown.
full member
Activity: 398
Merit: 107
LONG BITCOIN, SHORT BANKS, DUMP FIAT FOR BITCOIN
December 05, 2019, 10:28:49 AM
#5
I'm wonderring if Bitcoin price can be held down by CME Futures and BAKKT like gold is for many years. The thing is they are not backed by BTC, BAKKT spouse to be but is probably not, so can they work as an inflation on Bitcoin?

The answer is no. Futures track exchanges prices

Besides, their volume is to low.

Whoever follows bakkt and CME prices to Buy in the spot market is very stupid.

Bitcoin is perfectly following its 4 years pattern cycle.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
December 05, 2019, 10:14:11 AM
#4
I saw a news flash that the BaKKT is taking people's bitcoin and giving them USD, while they keep accumulating bitcoin at a lower rate and giving people a dead dollar. I remember many people were happy when bakkt wanted to launch, today I doubt they are still excited.

And you mind sharing with us this piece of "news" where BAKKT is taking people's bitcoin?
You have no idea what BAKKT is and how it works, don't you?

Be downed forever because of CME I don't know, but every month : YES.
These organisations have a lot of power indeed, but if they think they can get more money with a Pump, no reason for them to create a dump ?

Yeah, the Illuminati strike again, the guys dumping 500BTC on the market are to blame for, not the horde of imbeciles who panic they might loose 3 ents are dump everything they've got.

I'm wonderring if Bitcoin price can be held down by CME Futures and BAKKT like gold is for many years.

Of course man, it's all a conspiracy, they hold the price down....how?
What stops people buying bitcoin and not seeling at what CME or BAKKT says? Nothing!
Who is forcing you to sell at 7300$ or whatever the pice is? NOBODY!

The same pattern during every bear week of bear season, there must be a conspiration going on, that's the only reason you still can't buy a Bugatti with the two satoshis you've bought yesterday for 1 cent. Outrageous!!



member
Activity: 686
Merit: 15
December 05, 2019, 09:04:14 AM
#3
I saw a news flash that the BaKKT is taking people's bitcoin and giving them USD, while they keep accumulating bitcoin at a lower rate and giving people a dead dollar. I remember many people were happy when bakkt wanted to launch, today I doubt they are still excited.
sr. member
Activity: 1078
Merit: 340
December 05, 2019, 07:51:03 AM
#2
Be downed forever because of CME I don't know, but every month : YES.
These organisations have a lot of power indeed, but if they think they can get more money with a Pump, no reason for them to create a dump ?
newbie
Activity: 1
Merit: 0
December 05, 2019, 07:46:05 AM
#1
I'm wonderring if Bitcoin price can be held down by CME Futures and BAKKT like gold is for many years. The thing is they are not backed by BTC, BAKKT spouse to be but is probably not, so can they work as an inflation on Bitcoin?
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