Topic: Bitcoin Futures - December 10. Will it Rise or Fall? (Read 2629 times)

It is obvious they are going to try to control bitcoin but the real question is if they are going to be able to do it and I think the short answer is no, they may exercise some influence but their control is going to be indirect at best since bitcoin has been very well designed to avoid that.

Bitcoin can not be controlled that is true, but other ways of manipulation exist such as a 51% attack. This threat is very real. Once an organization, or a couple of organizations join together and control 51% of the network, they are able to determine where the mining rewards go to.

This can be detrimental to the system as a lot of people have invested money in building mining rigs to mine btc, and such a 51% attack would mean that they lose their investment. Of course people can switch to mining other crypto coins so all is not lost. But for the btc system as a whole, the value would substantially decrease if a 51% attack happens.

Luckily some second-gen crypto coins are working on this 51% attack problematic.

Other ways big corporations can control the market is by releasing fake news to hype or drop the price. It is thought that the banks in China have done this , by releasing "btc banned in china" articles, they saw that this manipulated the price. Every time such an article would surface, the price would drop and they buy more btc.

The same happened with the CEO of JP Morgan. One day he says that btc is a fraud and he advises investing against it. As a reaction the price of btc drops significantly. You can guess three times who bought the most btc that day. If tyour guess was : JP Morgan, JP Morgan and JP Morgan, your guess was right!

The blockchain technology is here to stay and big institutions fear it. That's why they will do anything to control this section of the financial market, of which they have absolutely no control (ironical isn't it). We will see a lot more fake news articles and crypto bans in the following months.

Just stay vigilant on the information that's being spread and do your own proper research. That way you can ride on the manipulations the big corporations create for you rather than being the one who is on the losing end of these market manipulations.

if the financial companies want to control the price, they must prepare big money to buy bitcoin but the truth, they cannot control it. we know that bitcoin cannot control by anyone and the price will follow with supply and demand in the market. and now, we see the price is going from yesterday and we have a few days more to see the price is rise again or fall deeper.

They are not going to be able to control bitcoin that easily, the tricks they use to control shares and fiat are not going to work and while they may try to create paper bitcoin in the same way they create paper gold to suppress the price of bitcoin I do not think that is going to work.

It would be nonsense for the market to follow futures which are based upon nothing but contracts delivered by institutions... the leading price will still be the actualy underlying asset's price. Anyone following futures in their trading of the underlying will get scammed by Wall Street's shenanigans. They will probably attempt a short and try to influence the rest of the market into following it, causing a cascade of panic selling, but if people don't go along with it and hold and buy the dip, their short will get liquidate and it will be something worth watching live as Wall St shorts get defeated. Can't wait for the 18th.

completely agree, maybe thats why Alts have run wild the last 24 hours, as people want to avoid this regulated nonsense?

CME is a much larger player, and from there I do expect it to be much more active than what we have seen happening with CBOE. I honestly am not really impressed with how future trading goes with CBOE, where they seem rather conservative with their approach. I however find it funny that they have halted trading several times already due to Bitcoin's fluctuations, which for us are perfectly normal, but for them are insane. From now it's waiting what these future markets will do with Bitcoin's market in the mid to long term. I just hope that Bitcoin's market will not use these future markets as benchmark rate, because that would definitely be a bummer and even problematic over time.

After reaching a new all time high of $17,428, the answer to your question is now rather obvious... there was a massive liquidation of shorts followed with an ATH, which has now consolidated as we are holding $17,000+ steady.

The next question is: How will we react in Dec 18th as CME launches their futures? Im looking forward for a similar outcome.

Has it already started trading? Because I checked the CBOE website, and I got this:

http://cfe.cboe.com/cfe-products/xbt-cboe-bitcoin-futures

It is showing an exchange rate of $16,250 per coin, when the average price in the Coinsmarketcap is $15,405.50 and the price according to the CoinDesk index is $15,280.53. It seems to be trading at a premium of around $1,000 per coin (6%).

So the early indications are good.

I doubt that people will stop comparing BTC to fiat currencies, we are still far away from that point - USD, EURO and other strong fiat currencies will stay with us.
Mere fact that bitcoin reached the new limit and ATH is not gonna change the fact we have an only couple million of bitcoin users worldwide.
Compared to billions of people using USD every day is still too early to recognize bitcoin potential be the benchmark of value on its own - we will always need reference point.

 I can't really imagine what will happen at the beginning of the futures trade. This will be completely new, for everyone imo I assume there will be high volatility, but the price direction? Who knows...
Anyways, I'm a hodler type. 1 BTC's value is exactly 1 BTC. Now everyone is comparing it to USD, in a few years no one will do it (I hope)

That 9% of which you speak is nothing compared to 33% of rise that this had during the previous 7 days,in that way even if it looks like a fall really is not,at least it did not keep being within those parameters,but definitely who knows what happens within the next few days.

The world largest cryptocurrency saw a 9 % dropped yesterday over the 24hour span.  And just this morning, December 10, 2017, Sunday's session has so far seen that drop intensify, with the price down nearly 12%.  But as everybody knows that bitcoin has proven to all that it's able to overcome gravity.  Nothing to worry about it won't go for long I'm sure.  One day soon, bitcoin will go back and rise up again.

Bitcoin future in December 10 is compare to two days back mean high only it's reach $17k near by and today it's rate at now 13k and above and compare 2weeks back mean today rate was high only  in this month it increase only arround 20k near by because it's a digital currency and online transaction process so according to my opinion is both rise and fall only .

the price may drop if net neutrality goes through 5 days of tense if it will pass...

The only thing I know is if the price drops to support level, lots of people will buy in. Lots of new buyers standing by to get in. Look at all those new accounts on coinbase. It's gonna be bumpy either way.

They say it will rise this dec 10, but maybe will bump a little on hardfork because there is another coin coming that is super bitcoin. We all don't know what will be the exact amount will bitcoin be. But let's all get ready on hard fork on Dec 15.

I prefer to consider bitcoin futures has nothing to do with bitcoin as they create a contract based on fiat currency, all the transactions using fiat currency instead of really invest in bitcoin. However, bitcoin price will increase over time, no matter what they say about it. But contract holders can do something about the price, right? If some people bet the price will rise to a certain point, they will buy bitcoin on some exchange to affect the Bitcoin Reference Rate (BRR). So, bitcoin price maybe increases even higher for the first phase of bitcoin futures, but it may drop back on the second round as the investors will sell their bitcoin to gain profit and simply bet on lower price.

The fork should be considered as the main actor right not for the bitcoin. How a lot of forks come in a row. it's up to 5 forks coin will be blowing up to the public in a few weeks later. How people will try to buy the more bitcoin as much as they can. This day the price has fallen but it will be back again in the future. At the same time with the fork and many people will try to accumulate the free bucks from the bitcoin.
How it brings the more attention again to the bitcoin soon.

I have to agree with the negative comments here on the page. These guys are vultures, the worst kind on gamblers. They can bet on ups or downs. If they can make profit off a fall they will facilitate that fall with all there might-news-media-radio-enet , you name it. These guys are dogs, nothing more. The more you dont understand the price rises and falls , the more you lose. You get out. Then they entice mom and dads who have no fu£$n clue what there doing into the game. And they continue the journey. We will bit£h online about corruption but to what end ??
Finding a way to burn these slashers would be a beautiful thing  .


It makes me f"ckn sick reading comments here about what goldman/jp morgan  ect are probably going to do like technical analysis of these hyenas is gonna work. Up until 09/12/2017 BTC was a true free market. Wall street is the antithesis of the free market. They are the corporations , some people mix this with capitalism. They are wrong.Corporate company are the death of free market trading.  They are a monopoly . You have no idea what there going to do     and if you try   this BTC gig if finished   and you with it .

Peace x