Hello, it is unlikely that the ban on twitter advertising can affect the price of bitcoin. But what a future bitcoin I agree. Thanks for the article, very interesting!
Topic: Further agony for bitcoin：bitcoin futures have entered into a contango market (Read 202 times)
April 05, 2018, 02:55:59 PM
April 05, 2018, 02:46:51 PM
The crypto market is very volatile and the bitcoin futures market is even more risky. So just invest what you admit to lose, because nothing is safe and secure in these investments
April 05, 2018, 02:42:31 PM
The price movement of bitcoin is still controlled by the whales and this market condition is experiencing a considerable decline compared to the previous downtime. The whales are still waiting for the little bitcoin holders to get tired and sell all their coins so whales can get bitcoins at cheap prices. Related bitcoin futures into the contango market will not have a strong effect on the bitcoin price movement or bitcoin development in the future. Keep in mind that whales and investors are still the most powerful influence on bitcoin price movements in the crypto market.
April 05, 2018, 02:29:09 PM
The reason is the same. Some people, enough wealthy, with a lot of money trying to get Bitcoin as cheap as possible. ( And as other cryptos usually follow the same trend market than Bitcoin...)
Do you remember that the drama started when Bitcoin Future was all over the news? Check a calendar and consider the accurate dates. You may find it surprising.
And this is it. People are waiting for the weak hands sell their last coins. Giving them the feeling Bitcoin is in agony so you decide to sell and/or leave.
It's not something that can be done in 1-2 months, and more time it takes harder they will continue.
The one in agony isn't Bitcoin itself, it's people. The ecosystem is too big too fail now.
You nailed it; it's people who are feeling the stress, not the 'product' or BTC itself. It's volatile, we know that. It's people who invested in at $16k/btc back in December that are in agony now. Do you remember that the drama started when Bitcoin Future was all over the news? Check a calendar and consider the accurate dates. You may find it surprising.
And this is it. People are waiting for the weak hands sell their last coins. Giving them the feeling Bitcoin is in agony so you decide to sell and/or leave.
It's not something that can be done in 1-2 months, and more time it takes harder they will continue.
The one in agony isn't Bitcoin itself, it's people. The ecosystem is too big too fail now.
April 05, 2018, 02:13:21 PM
Nope, not at all. Future of bitcoin is bright. Bitcoin transactions are increasing rapidly, because it’s profitable and it would be the currency of the future.
April 01, 2018, 08:58:06 AM
From where you've got this news? I hardly have any idea about contago market and its offerings. I'm reallly confused whether it's good for the bitcoin or not.
March 31, 2018, 04:40:34 PM
I think not!. They are only a third party which will aggravate the atmosphere of the market becoming increasingly murky and red. Because the impact will be very clear that people's buying interest will decrease and of course bitcoin will suffer more deeply.
March 31, 2018, 04:14:08 PM
The reason is the same. Some people, enough wealthy, with a lot of money trying to get Bitcoin as cheap as possible. ( And as other cryptos usually follow the same trend market than Bitcoin...)
Do you remember that the drama started when Bitcoin Future was all over the news? Check a calendar and consider the accurate dates. You may find it surprising.
And this is it. People are waiting for the weak hands sell their last coins. Giving them the feeling Bitcoin is in agony so you decide to sell and/or leave.
It's not something that can be done in 1-2 months, and more time it takes harder they will continue.
The one in agony isn't Bitcoin itself, it's people. The ecosystem is too big too fail now.
Do you remember that the drama started when Bitcoin Future was all over the news? Check a calendar and consider the accurate dates. You may find it surprising.
And this is it. People are waiting for the weak hands sell their last coins. Giving them the feeling Bitcoin is in agony so you decide to sell and/or leave.
It's not something that can be done in 1-2 months, and more time it takes harder they will continue.
The one in agony isn't Bitcoin itself, it's people. The ecosystem is too big too fail now.
March 31, 2018, 04:06:16 PM
Frankly, I do not understand how bitcoin futures work. It's incomprehensible to my mind. I understand how traders can carry out transactions, but I do not know how people can risk buying such a risky asset as cryptocurrencies with a delay. I see that after there were futures cryptocurrency market fell. Maybe it's the diversion?
March 30, 2018, 09:21:01 AM
Bitcoin futures have entered into a contango market, suggesting further agony for the cryptocurrency. A contango market means an asset's futures contracts are trading at a premium to its spot price. For instance, bitcoin on the Coinbase exchange was trading near $7,898 on Wednesday, while Cboe bitcoin futures contracts expiring in June were trading at $7,980 per coin.
Bitcoin itself has dropped significantly from its highs late last year, wallowing below $8,000 per coin following a meteoric rise in 2017; bitcoin continues declining from its March highs of $11,700, most recently testing support at $7,700. In addition, the most recent blow came from an announcement that Twitter would ban cryptocurrency ads. We have seen similar bans by Google and Facebook, as regulatory scrutiny has been another negative catalyst for bitcoin this year.
Hence, looking ahead, we’ll see larger bitcoin miners attempt to take advantage of this contango market. Based on the current conditions about bitcoin, FuninUSA analyst Mike Dong holds the view that the investors should be cautious when considering to invest bitcoin or bitcoin futures, until seeing some signs of strength injected back into the market. (recommend FuninUSA for more financial news)
What's your opinion on the contango market of bitcoin futures? Would you consider it being beneficial to bitcoin miners?
Bitcoin itself has dropped significantly from its highs late last year, wallowing below $8,000 per coin following a meteoric rise in 2017; bitcoin continues declining from its March highs of $11,700, most recently testing support at $7,700. In addition, the most recent blow came from an announcement that Twitter would ban cryptocurrency ads. We have seen similar bans by Google and Facebook, as regulatory scrutiny has been another negative catalyst for bitcoin this year.
Hence, looking ahead, we’ll see larger bitcoin miners attempt to take advantage of this contango market. Based on the current conditions about bitcoin, FuninUSA analyst Mike Dong holds the view that the investors should be cautious when considering to invest bitcoin or bitcoin futures, until seeing some signs of strength injected back into the market. (recommend FuninUSA for more financial news)
What's your opinion on the contango market of bitcoin futures? Would you consider it being beneficial to bitcoin miners?
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