In fact. After the delivery of futures on 26th, the entire cryptocurrency market turned green.
But, this is because China has not tougher regulatory measures, so the encryption money market began to restore confidence, but the BTC rose by only $1000, I think, at present may still be a callback.
Topic: Do you all think 26th of Jan will Change alot in Bitcoin Price (Read 166 times)
January 27, 2018, 06:18:24 AM
CME contracts will not effect much on bitcoin prices. This is the first contract for bitcoin and i remember when it was start there were not much volume on contracts.
So there will be nothing on contracts for bitcoin.
So there will be nothing on contracts for bitcoin.
I think the price of bitcoin will up trend from today since the CME contract expires...
It is probably too early to tell yet but the price hasn't continued its recent downtrend
The price will change to increase. As predicted by all specialists, there was a reversal, now we expect a big increase.
How big an increase can be expected?
I think the price of bitcoin will up trend from today since the CME contract expires...
Now south Korea officially announced in Bitcoin circulation is continued in our country then some new tax system is started it is based on the Bitcoin supplies. I think this also one of the main reason to increasing the value. But it is on process in the market so now also some fluctuation is continue in market. As soon as possible Everything should be normal in market. 
The price will change to increase. As predicted by all specialists, there was a reversal, now we expect a big increase.
If price is pushed low too fast, due to these waiting buy orders, they won't get the best price on 26th as price will already have bounced up.
Patience is key here ... If you agree with my analysis you might want to get your orders in, especially if you are not able to monitor price all the time.
Patience is key here ... If you agree with my analysis you might want to get your orders in, especially if you are not able to monitor price all the time.
Do you know where I can find the link about the CME futures expiring for the 26th? I've looked everywhere and cant find it.. :/
You can find posts about it on Steemit:
https://steemit.com/crypto/@cryptoxpert/first-cme-bitcoin-futures-contract-expires-on-26-january-2018
Getting back to the original question, every single day our markets are influenced by the most recent news (and / or upcoming rumours) of the day. Living in Japan, I can see people freaking out over here about what's happening with the local exchange, Coincheck today (hacked for $500+ million worth of the XEM crypto asset) but no one's talking about news in China whatsoever. Trading on a few Japanese exchanges has been limited (they allow buys but not sells and withdrawals are limited). They know from past situations that many people run for the hills when stuff like this happens and they've got safeguards put up to limit the market effect because of it. Once some of the new money gets taken out of the system with the nationally broadcast (NHK) news of the hack here, it'll stop many Japanese from putting their YEN in for a period of time. I reckon there's a chance it'll affect sentiment for the entire market for a few days, though hopefully not much longer than that. Just my two cents being over here.
Well the price seems to have recovered already from the earlier dip caused by the bad news regarding the exchanges which I believe was the main driver behind it. One thing I do not understand, why are people even arguing that the end of the futures contracts today will cause a price increase? I do not see what the logic is.
Do you know where I can find the link about the CME futures expiring for the 26th? I've looked everywhere and cant find it.. :/
But you ignore two important factors.
First, Japan's exchanges were stolen many tokens today.
Second, China today issued an official announcement that it intends to limit the cryptocurrency market.
These two factors have caused the market to fail to restore confidence, so prices may not rise sharply.
First, Japan's exchanges were stolen many tokens today.
Second, China today issued an official announcement that it intends to limit the cryptocurrency market.
These two factors have caused the market to fail to restore confidence, so prices may not rise sharply.
I think the price of bitcoin will up trend from today since the CME contract expires...
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