considering these future markets are only in US and only two of them that i know of (CME and NASDAQ) not everywhere in the world. and also the fact that it depends on how much people are going to use them, i think the effects of them (meaning the drop speculation) may have been exaggerated a little.
in any case i do think there will be a drop, maybe because of this. or maybe because of the fear of it combined with all the bubble nonesese talk. but after a short time it will pick up and start rising again.
i say $10k is the new bottom. it is possible to fall below it but i wouldn't expect it to last more than a couple of days.
Topic: Bitcoin Futures Markets Launching. Result will be a dump in price/sideways/pump? (Read 253 times)
December 06, 2017, 06:17:43 AM
December 06, 2017, 06:05:29 AM
My opinion is the price for BTC will decrease to 8-10$ k. I think so, because some crypto and financial magazines say that derivative market has mostly bearish moods. The futures for BTC will allow to go short with the BTC and the influence of institutional investors may play a sad joke with bitcoin. And for now we have 3 exchanges, which plan to engage futures. Just imagine the amount of financial resources they have to use for leveraging Bitcoin.
December 06, 2017, 05:43:21 AM
In my opinion, the launch of futures contracts with bitcoшn will entail its price upwards. Consequently, in 2018 it will be possible
to expect new price records. Maybe $ 40,000, maybe 100,000.
to expect new price records. Maybe $ 40,000, maybe 100,000.
Well short term, I guess was my thinking on this....the price would drop and stabilize and then go up less as a 30% up and 15% correction
every other week
But I thought futures put weight on both bears and bulls.....right now as a cash and carry and speculation the odds/hype seem to me to favor bulls
Once you have a variety of futures exchanges the bears may have more of an even say (not that I'm a bear, just speculating on effect of futures exchanges)
here is an article
https://www.bloomberg.com/view/articles/2017-12-06/bitcoin-bears-are-excited-about-futures
https://www.coindesk.com/bitcoin-futures-make-way-new-kind-whale/
On the other hand, you could be correct...in that different futures exchanges would show BTC as more legit..you add the fact an ETF may happen, more likely,
and what you say could be right 25K coin from the increased faith in BTC surviving..then say after 25K it rises more modestly or something like that
due to futures trading (I could live with that)
December 06, 2017, 04:09:28 AM
In my opinion, the launch of futures contracts with bitcoшn will entail its price upwards. Consequently, in 2018 it will be possible
to expect new price records. Maybe $ 40,000, maybe 100,000.
to expect new price records. Maybe $ 40,000, maybe 100,000.
December 06, 2017, 03:07:19 AM
*reserved for any additional info*
December 06, 2017, 03:06:56 AM
My vote in the poll was a dump to 8k after futures kick in and gradual rise, rather then spikes in a more moderate manner
what do you guys think?
Been reading some on the future exchanges coming into Bitcoin.
Most, say that it will stabilize price by bringing price down and/or slowing growth on such hedging of futures etc
Anyone on here have an idea of what is likely?
I myself would guess, it would stop the wild 20% swings and the immeditate result would be a downward hit in price
with BTC price at whatever that point is ..likely to go more sideways and creep up..then shoot up then trip down 20% staircase pattern
anyway what are your views? someone on here must play with futures?
consider taking the poll
later
what do you guys think?
Been reading some on the future exchanges coming into Bitcoin.
Most, say that it will stabilize price by bringing price down and/or slowing growth on such hedging of futures etc
Anyone on here have an idea of what is likely?
I myself would guess, it would stop the wild 20% swings and the immeditate result would be a downward hit in price
with BTC price at whatever that point is ..likely to go more sideways and creep up..then shoot up then trip down 20% staircase pattern
anyway what are your views? someone on here must play with futures?
consider taking the poll
later
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