Topic: Let's get to know about the future(s) of Bitcoin (Read 243 times)

I don't think that we can protect bitcoin from cartels. However, I believed that bitcoin is hard to manipulate now because there are so many faces, so many whales and so many market manipulators. One group will try to manipulate but if the other group don't cooperate then there will no be successful attempts to put the price to go south. And it will take a lot efforts and coordinate attack from all group before they can really put a significant dent on the market price.

I`m not sure about what the big whales will try to do with bitcoin futures.
What if all the big whales unite and start mass selling btc to manipulate the bitcoin price to go down?
All the people with btc futures  will lose money and the big whales will win again.
Can we protect  the bitcoin market from cartels?

This is similar to betting or in other words gambling regarding long run i don't see it as any major threat against btc. It can also be like forex trading.

This is only for profit and nothing else few months back btc was a scam , a ponzi scheme and god knows what all they were saying but today every wants to own a btc.

Not gonna lie the idea is really good but it still has various terms and risks is better if you invest in btc ans hold it if you are sure the price is going to increase to such a mark.

Bitcoin for sure is the in thing in this decade. Starting just obscure and relatively circulating within some few people, Bitcoin right now has become the global phenomenon and some say we have not yet entered yet the mainstream. Can you just imagine how big this can be when the mainstream has already been a big part of the Bitcoin bandwagon?

Bitcoin has become the  biggest and most popular virtual or digital  currency and its reach is growing  every day. At the same time, it has become the most expensive cryptocurrency of all time. Well, yes, it is the first and the original so all the copycats are just imitations no matter how good they claimed them to be.

Because of its famed volatility, Bitcoin trading has its ups and downs and can quickly burn a hole in anyone's  pocket. In this atmosphere of unpredictable market, investing can be risky. Now,  two of the biggest exchange companies based in  USA are planning to be of help on this problem with the coming launch of Bitcoin futures products.

CME already told the whole world of their intention to introduce their Bitcoin futures product maybe before the  year ends. This can be based on the already launched Bitcoin Reference Rate (BRR) they have.

There is also another company called Cboe that is planning to launch their contracts at the same time -- before 2017 evaporates. These, together with some favorable developments, are the catalysts that pushed a big leap in Bitcoin's price which is now playing above the $7000 level.  To refresh, Bitcoin’s price has gone up by 500% since January 2017 which of course, lead to the attention of both Wall Street and Main Street as they are also looking for ways to gain more profits to the money they have on hand.

So what are these futures? The ideas here is that of betting on the future price of a commodity and in this case the object is, of course, no other than Bitcoin. Let's take an example. Right now Bitcoin is  trading at $7000, now any investor can buy a future contract based on $8500 as they analysed that it would be its future price at a specific date. Now, in case Bitcoin can go as high as  $10000, the investor will get the $2000 difference but when it goes lower than $8,500 then the investor loses some money.

Well, simple as that. Investing in futures is very popular with different commodities and this has been the source of big money for the many who have the analytical and predictive skills under their sleeves.

I am just wondering: Do you think futures investment (or should we say, betting?) can be good for Bitcoin in the long run?