Topic: Bitcoin Futures Sparks Fears For Financial Crisis (Read 805 times)

I do not think so, the reason why the price of bitcoin changes so dramatically has to do with the fact that is still tiny compared to the world economy, but once a significant amount of the world's money is riding on bitcoin, bitcoin is going to become more stable, however the period of transition between what we have now and that moment is going to be a period of big movements of the market but the direction is going to be mostly up so that it is going to benefit us in the long term.

Bitcoins futures really have many negative speculation due to very high level of currency. Many individuals worry about what will happen in bitcoin, but one thing for sure that bitcoin will never be going down. This report for financial crisis is due to the upgrading of bitcoin which means bitcoin will be divided into two. But currently, bitcoins community don't want this to happen.

Many felt happy since the bitcoin price reached $7500 immediately after CME announced that it would release bitcoin futures.They are just seeing its price increase.But here,bitcoin would be traded in contracts which is cash settled.here,there is no need to deliver immediately bitcoin and it could be given even at the expiry period.So,speculators could easily manipulate the market.It may lead to crisis which occurred in tulip which happened in the 1600s.

Yes the bitcoin is the different system then the other it has the own way and the rules if you will use the bitcoin at the rules and you will see how fast the bitcoin grow and the process of the bitcoin is not very tough as now all the people are taking the benefit from the bitcoin for the crises and this is the thin will give you the best benefit from the bitcoin at the low time and the income of the bitcoin will be more than this.

Everyone with half a brain knows that a crash is coming the most important thing is what to do, what we can do to protect ourselves from that and while many suggest that we invest in gold and silver at the same time you can be sure that you are going to be taxed on your earnings claiming that is the fair thing to do that is why I prefer bitcoin, no one can take your bitcoin out of you and if you take the right steps you can hold bitcoin without anyone knowing you are holding it.

There are always doors for the side areas. And when someone wants to make a standardized losses and crises for bionic in international market then you are absolutely right. They have many ways with which they can turn the whole story. They become whales and then control over the market. They can’t control directly bitcoin, but the market will make price of bitcoin.

Yes that is true, but there is also the chance that they can destroy long term holders. The way I see it right now, is that if it suits them, they might try to simulate crashes of the coin, and they might even be able to crash it all together since the current liquidity is nothing compared to the money they actually have available. I just want BTC to succeed, and they just want to make profit. Since BTC price should be huge if it manages to get mass adoption and go for the long term, then maybe both goals can be aligned (profit vs real use). If this happens, then Wall Street entrance will be great for the coin, if they want different things, let's just hope that bitcoin proves again that is stable and no one can destroy it.

I agree with you, that opens the doors to Bitcoin price manipulation. But still, does it change anything from current situation ? The price of all the crypto-currencies is manipulated, and yet, are they for this reason failed experiments ? No. Now, probably the money for idiot wanabee traders will go to Wall Street bankers rather than to Chinese whales. And I think this is a good thing for all of us.

This is a great thing for the Bitcoin network as the money that will be coming in can only affect the market so much. Over half of the bitcoins have already been distributed and the majority of people that have them are holding them for the future. This is why no matter how much money comes in they cannot tamper with the system. It will only make Bitcoin more desirable.

If a potential emergence of a Bitcoin ETF is what worries people, then they're thinking too narrow. Most of these people aren't aware of the amount of investment going into Bitcoin, and since reduction of risk is what they are look for shouldn't they already know that more the people invest in Bitcoin, the overall volatility reduces (We've seen that Bitcoins price has been far less volatile than its historical prices few years ago) thus also reducing risk. There shouldn't be any financial crisis considering Bitcoin's price being inflationary in nature. Also, those investors with deep pockets who have invested into cryptocurrencies have already smartly diversified their portfolios to reduce the risk. Also, with ETF's the risks are further dropped down cause holders of the asset own certain percentage of shares in them, and don't really directly own the asset. This way with many shareholders once again the risk is diversified.

Also just to add to note, if they speculate that Bitcoin futures would increase the price of Bitcoins by year end (FYI Bitcoin's price has already surpassed the amount mentioned there and has increase because of people investing into Bitcoins cause of the 2x agenda) they should also be taking into factor the short term price risk because of the 2x hard fork, if unless we get lucky again and the price goes up.

If people from wall street will finally join the market for Bitcoin trading expect a lot of volatility in the future at higher prices. These Investment Bankers and Big Traders really will have the big guns in their arsenal in their attempt to get as much as control of all of the supply of Bitcoin in the market, it will be more crazy and the price increases and price drops will be bigger if these happen. With that being said it will be impossible for Bitcoin to become a popular currency or payment method in the world because of its unstable prices.

Wow thats a good picture of Wall Street ! Lolz!


Yeah they can go down at anytime as bitcoin is heading up towards the greater development and the kind of money driving into it is unimaginable and it will keep rising for the future surely.


Im not sure what meetings and things you spoke above but whatever it is, it tells me only one thing and thats “Wall Street is sucked for now”due to overwhelming investment into bitcoin and they are loosing there customers in first place. Anyway we will see what really kept underneath of whole foundation and they better be from he sides of crypto currency.

How can you know the bitcoin's price will crush? Yes, usually after this kind of increasing they will crush but then the price will raise more and more than before . Remember the time that Bitcoin drop 1k5$ in 1 week because of the prohibited Bitcoin in china? Than everything becomes now, 7k3$ per Bitcoin.

CME has only introduced their btc futures recently, and saying that the meteoric rise over the past few months has been because of this would be wrong. Now, while we are expecting a correction after S2X, there might be people who have invested into those futures contracts quite heavily and as such, they may mitigate the price drop of the correction and thereby manipulate the prices away from pure market forces. That would be bad because it means artifically keeping the price high,and as such, might lead to much larger crash in the future when these investors decide to pull out.

In order for it not to happen you need to create the conditions to ensure that the bitcoin had come of currency. If you do nothing it will happen as you say. Bitcoin now accumulates huge financial resource. What will they do with the money? Nothing. This is a useless asset. He is sure to fail. The money should turn around. Only trade can save bitcoin from collapse. I do not mean trade in the foreign exchange market. I mean trade goods.

I think that if they are going to trade the real bitcoin based on people agreeing to buy/sell btc for a certain price in the future then in truly is a risky thing, because more people will buy/sell/hold bitcoin without putting value in it and then suddenly it might end up the way that there aren't enough people who really want btc and the vast majority will try to sell it,but they won't be able to do that properly, because the price will crush. I hope something will intervene and stop people from adopting btc like crazy or otherwise it truly looks like a financial crisis case.

The more money there is in bitcoin the better even if this derivative market is created and it thrives bitcoin itself is not going to be affected, they are just trying to create another terrible financial product and make money with it, this is no different than all those people creating all of those useless tokens that no one is ever going to use, we have icos and the stock market has derivatives.

The cause of financial crises can be attributed to many factors and so is the reason we have seen many financial crises in the past and it is mainly because of the lack of vision on how to carry out things and balance the market,crypto currency being a decentralized platform it is hard to believe that we will see a crash unless there is a network flaw or massive selling,sure the bitcoin futures will scare some bankers who are against the technological aspect of it.

I really don't know, but the last thing I want to do is to allow fear and uncertainty to undermine the bitcoin market. Wall Street guys are of course dangerous because I don't think they really care about bitcoin or it's potencial. They want to make money from it, and they do have a lot of cash to spend. Bitcoin should be safe if it gets mass adoption, because even with all their money, they can only influence the market in small doses. But before that happens, all their money will play a major role in the bitcoin price changes, and they will be able to probably play with it more than we all want.
I'm not an expert, so right now I will just stay confidant on the true value of bitcoin, an hope that most people manages to see it the same way. If everyone gets into it for it's price, and not it's value, it could become a bubble, and I don't want that.

Since Bitcoin is independent they can't really predict it. Now people operating the futures market and advertising Bitcoin there will make people believe they know what they are offering, like it were a company that they're familiar with while in fact it's the opposite. Bitcoin is different from what they're used to in the futures market.
You're right though, it will bring the money in. But the money will come from people who don't really know what they're putting their money into.

Nice find OP. Good explanation for the recent uptick in btc price.

I see people trying to compare the current state of crypto to circumstances involving the 2008 economic crisis. Let's be clear there is no valid comparison there. Real estate and the housing market were both in severe declines which may have been magnified by the leverage aspect of collaterized debt obligations. Bitcoin is the opposite, its fundamental metrics relating to volume and users are increasing significantly and aren't leveraged the way derivatives often are.

Attempts to compare bitcoin to the economic crash of 2008, are attempts to compare a growing, thriving, crypto market with a 2005-2007 real estate market which was shrinking, withering and dying. The perspective of commentators there on CNBC doesn't amount to more than scare tactics and misinformation.

I do think what the wall CME is doing is.. more like.. inflating a bubble..and..its.. Going all nice and good but onw must remember they are.. Making it thinner and more vulnerable and..it ..will brust anytime..
Well I don't think its nice.. for ..CME to interfere in the bitcoins.. Because ... They.. instead of.. Making BITCOINS FUTURE they will more or so.. spoil it.. because..all these investors.. they compete against each other..and..if cme is in..others will be too for sure and it will take a toll on the maket of bitcoins..they will depend upon..the.. amount that these guys hold there...it will give them a little bit power to manipulate the market if..they decided to.. Increase their.. investment to.. something thats really high according to the market cap of bitcoins.

CME's plan for bitcoin futures reminds us just the moment before Tulip bubble crash.Here in futures contract,it is cash settled.So there is no need to immediately deliver bitcoins and it has to be delivered only after the expiration period.This would help speculators to just speculate the bitcoin price without even holding bitcoins in hand.

Same was the case in tulip in the seventeenth century.The price of tulip went very high and suddenly it began to crash when the seller was not able to deliver the tulips during the expiration period.

The price hike after CME announced is welcomed and celebrated.But it would be a temporary advantage and in the long brun,its really a serious threat for bitcoin.

That's quite optimistic and that's how I'm hoping things will turn out. I remember during the height of the Greek crisis, I saw lines of senior citizens out of the banks, hoping they'll be able to withdraw their money. It was just sad.    I heard that even banks in other EU countries imposed withdrawal limits. So much for having control of your finances.

a crisis in country caused by cryptocurrency, can occur. there is a game on bitcoin prices with 51% ownership, but metaphysically to analyze "whether there will be a crisis because cryptocurrency" requires foresight. elements of capital, user analysis, or the emergence of a new class because bitcoin trade must be factual. if looked at empirically from the wallstreet traders, this is just an elite game, the same as what happened in 2008.

Now I can tell where this increases coming from, those who come late to be on the ride is making an action not to leave behind all this years. Joe Saluzzi knows trading more than anyone does and his predictions might not be applicable to all, I do believe he give justice to some point. The concept of bitcoin is always been the main attraction of cryptocurrency, to be the boss of your own, to do what you want to do and no time wasting paperwork’s.

The risk might be big but the same way the profit is. Then that should be the beginning of a never ending bitcoin investments.

Having been the base of the surge in price towards the $7.5k mark, this development is a big boon for Bitcoin on the longer run for sure. With more acceptances, Bitcoin gains popularity and this will have a great positive impact on the market making it go higher. Furthermore, expect various other companies to open up to accept Bitcoin which would be a dream scenario.

Robert Kiyosaki did not base his predictions on Bitcoin futures being added and destroying stock markets. He based his predictions on the corrupt fiat systems that are already in place in the financial sector. Bitcoin cannot bring down a corrupt giant, because it is already sick.

Bitcoin can protect people's wealth by extracting their wealth from that corrupt system, before it collapse. These centralized financial services will protect themselves, when it goes down. < Closing stock markets & runs to Banks > Bitcoin will put you in full control of your wealth, because it is not stored in these centralized systems.

If you use Bitcoin futures, you will go through these centralized databases and your wealth will not be in your own hands.   

The CME -Bitcoin futures in my opinion, is just a way of big whales to get the money of the traders around the world, they are just showing it like "hey this is Bitcoin , people approve it and you can earn money here invest now", There is a big risk here and that is the money flowing in the exchanges that will be opened to all people around the World. This big whales are experienced trader and their stock trading skills will help them to manipulate Biutcoin's price.

I really don't know what to say about this but I think wall street already experience many Financial Crisis ever since and I am scared about the fact that there would be a Cryptocurrencies Crisis in the future as everything is possible with digital or Fiat currency and there is an inevitable time that you can't dodge that incoming crisis.

Robert Kiyosaki already told that there is an another financial crisis in the near future and it is coming no matter how bad we don't want it.

Here is an article that Robert told about his predictions https://seekingalpha.com/article/3967094-robert-kiyosaki-biggest-stock-market-crash-history-coming-2016

Even though there is no major crash happened in 2016 but I think there is some delay in his prediction because I still feel the points of his statements that it will happen soon and after reading your post it really strengthen my belief.

There is an ongoing party (figuratively speaking at least...though anybody can really throw a real Bitcoin party anytime anywhere much more so that the value is surging towards $7,500) right now as we are seeing a great surge for Bitcoin and there is that possibility that Bitcoin's value can be able to reach the $10K mark before the end of the year.

The recent decision by CME to introduce their Bitcoin Futures to the market has been the spark that is currently fueling this big rise. But while many are celebrating we are also seeing some who are cautious about the possibility of Wall Street people entering the Bitcoin market. And we know that Wall Street had been embroiled in many financial crisis in the past.

Do you see this development to be doing good for Bitcoin in the long haul?