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Topic: NASDAQ - Bitcoin Futures - WOW! (Read 572 times)

legendary
Activity: 3542
Merit: 1352
Cashback 15%
November 30, 2017, 07:01:27 AM
#28
Well, CME's move seems to attract other Wall Street investors, and now money is pouring in from left to right. The move has definitely encouraged other institutional investors to study about the potential profits they could get on including bitcoin in their assets. Smart move, and with the addition of institutional investor's money on the said coin, this would further cause a big boom in price in the near future.
sr. member
Activity: 385
Merit: 250
November 30, 2017, 06:32:08 AM
#27
Wow. This is the good thing about competition. No one wants to be left behind. We should see more companies offering such a service in the near future.
sr. member
Activity: 406
Merit: 250
November 30, 2017, 06:25:24 AM
#26
Big players/Big Whales/Big Business/Big Investors or whatever you can call it, they will enter here and they will be part of our competition, we will now have a harder battle to fight because of these people, yeah agreed that may be able to increase the price of Bitcoin, in the same way they can also decrease the price of it a.k.a manipulate it, which means the loosing side here is the small investors and small holders of bitcoin a.k.a all of us.

Manipulation is a very old practice in all major stock exchanges. Most are done under cover as there are legal bindings and policies to follow. But that doesn't mean that stock market has gone out of the hand of small investors. Small investors are the backbone of any stock exchange and any exchange can't survive with only institutional investors.

Yes, there will be manipulation in the bitcoin price if these institutional investors start investing in crypto market. The competition will be harder than what we are facing now. But the investors will be  benefited in long term.

Also do not forget that, the entry of institutional investors will help us to get the legal status around the world. Our lobby will become stronger than ever. While many banks are opposing the bitcoin, we will have the power to counter them.
sr. member
Activity: 434
Merit: 251
physics, mathematics and engineering
November 30, 2017, 05:57:32 AM
#25
WOW! I thought that would be maby in like 2025.

Really great news for BTC, after adding we will see a huge increase of BTC  Smiley

Furthermore if the NASDAQ adds BTC futures, other SE will follow  Smiley
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
November 30, 2017, 05:37:58 AM
#24
wow! i did not see that coming.
and checking the internet the news seems to have come out yesterday around the time price drop started! it is pretty strange because normally you see a big ass rise when a news like this comes out. and it is a great news for bitcoin.

i would love to hear from Jaime Dimon (the JP Morgan CEO who called bitcoin fraud) these days though Cheesy
full member
Activity: 224
Merit: 101
November 30, 2017, 05:27:19 AM
#23
i agree with the poster above, this news is a great news in one way, on the other side of the coin market will be manipulated even more on their will.
This news is good only for whales, for small investors this is actually a crap news.. i don't know how i feel about this.
member
Activity: 196
Merit: 23
Large scale, green crypto mining ICO
November 30, 2017, 05:10:33 AM
#22
Futures would make the Bitcoin price much easier to manipulate.  One major banking institution or other wealthy group could manipulate BTC users in pretty much any way that they want.

Since BTC has less of a clear value than most other stocks and assets, it means that investors could be manipulated to push the price as high (or as low) as they want.

However, I suppose that introduction to a more mainstream and regulated audience could be helpful, as it could theoretically free us from the emotionally unstable investors we have now.

I am afraid I have to agree with that view. Note what is happening on gold markets: they are not trading physical gold, but rather the gold derivative market transacts every day many many multitudes of the value of all physical gold in existence  and in effect  the banksters are able to withhold the price of gold to artificially low levels.

The same is happening to silver markets, they have been trading derivatives and future contracts until one day Warren Buffet said: ok, I don't want the contract to be rebought, rather, please provide me with physical silver that the contract is for. And he became the owner of majority of silver on the planet Smiley I am writing from memory, but the story goes something like that.

The same MAY happen to bitcoin: if they start trading the derivatives and NOT real bitcoin, they may keep the price to whatever level they want it to be. 

This is a real danger I am seeing.
member
Activity: 196
Merit: 23
Large scale, green crypto mining ICO
November 30, 2017, 05:04:46 AM
#21
Futures would make the Bitcoin price much easier to manipulate.  One major banking institution or other wealthy group could manipulate BTC users in pretty much any way that they want.

Since BTC has less of a clear value than most other stocks and assets, it means that investors could be manipulated to push the price as high (or as low) as they want.

However, I suppose that introduction to a more mainstream and regulated audience could be helpful, as it could theoretically free us from the emotionally unstable investors we have now.

I am afraid I have to agree with that view. Note what is happening on gold markets: they are not trading physical gold, but rather the gold derivative market transacts every day many many multitudes of the value of all physical gold in existence  and in effect  the banksters are able to withhold the price of gold to artificially low levels.

The same is happening to silver markets, they have been trading derivatives and future contracts until one day Warren Buffet said: ok, I don't want the contract to be rebought, rather, please provide me with physical silver that the contract is for. And he became the owner of majority of silver on the planet Smiley I am writing from memory, but the story goes something like that.

The same MAY happen to bitcoin: if they start trading the derivatives and NOT real bitcoin, they may keep the price to whatever level they want it to be. 

This is a real danger I am seeing.
full member
Activity: 210
Merit: 100
busy in real life, long post gap is understandable
November 30, 2017, 04:57:11 AM
#20
Big players/Big Whales/Big Business/Big Investors or whatever you can call it, they will enter here and they will be part of our competition, we will now have a harder battle to fight because of these people, yeah agreed that may be able to increase the price of Bitcoin, in the same way they can also decrease the price of it a.k.a manipulate it, which means the loosing side here is the small investors and small holders of bitcoin a.k.a all of us.
member
Activity: 80
Merit: 10
November 30, 2017, 04:56:41 AM
#19
Bitcoin can really board the Nadask?
It's so fantastic
But we must keep a sober mind, because the price of bitcoin is still very unstable in a short period of time
sr. member
Activity: 420
Merit: 250
November 30, 2017, 04:40:35 AM
#18
I would say that this will drive the price further up but on the other hand you can expect even bigger swings in the future since there will be more of speculative trading and with much bigger amounts of money than now. Bitcoin will probably grow in market and adoption so 2018 should be interesting.
newbie
Activity: 42
Merit: 0
November 30, 2017, 04:11:23 AM
#17
Futures would make the Bitcoin price much easier to manipulate.  One major banking institution or other wealthy group could manipulate BTC users in pretty much any way that they want.

Since BTC has less of a clear value than most other stocks and assets, it means that investors could be manipulated to push the price as high (or as low) as they want.

However, I suppose that introduction to a more mainstream and regulated audience could be helpful, as it could theoretically free us from the emotionally unstable investors we have now.

This is my concern as well. Futures worry me like hell, they are so open to manipulation. But big players entering the market is always a good sign on the other hand. If this move helps bitcoin expand in terms of the number of people owning the coin, i.e. helps decentralize it more, then I'm all for it.

I think the fear is that there is a chance that these big players you mention entering the market would buy up large positions of BTC and control the market. It would actually have the opposite effect of decentralisation and continue the trend of large institutional investors controlling financial markets.

My big thing is that bitcoin is already highly speculative and bringing in instruments that encourage more speculation will make trading even more volatile for the average consumer. Honestly the crypto market is just going the way of traditional financial markets and soon I think the whole ethos of Bitcoin and others will be lost to that pesky human attribute called greed.

hero member
Activity: 714
Merit: 500
November 30, 2017, 03:37:54 AM
#16
It's CLEAR that Bitcoin is HERE to STAY

https://www.cryptocoinsnews.com/breaking-nasdaq-plans-bitcoin-futures-launch-2018-wsj/

NASDAQ Breaking: Nasdaq Plans Bitcoin Futures Launch in 2018

UNREAL!!!

It isn't unreal, it was inevitable. But it just emphasizes on the fact that how brighter the future is for bitcoin and crypto currencies. Its just a matter of time before every major company in the world supports it.
member
Activity: 84
Merit: 10
Czech altcoin newbie
November 30, 2017, 03:36:10 AM
#15
I think we can add one zero behind 10K price of BTC if all of this is going to happen Smiley
full member
Activity: 365
Merit: 100
CurioInvest [IEO Live]
November 30, 2017, 03:34:03 AM
#14
Wow this is one step to bitcoin more in the know the world and hopefully more bitcoin users both from society or country.
member
Activity: 378
Merit: 10
November 30, 2017, 03:31:21 AM
#13
Nasdaq Bitcoin future is big achievement for Bitcoin price lot more to go adding more Stock market exchanges in coming days
jr. member
Activity: 86
Merit: 1
November 30, 2017, 03:26:38 AM
#12
It indeed is a great news bitcoin in NASDAQ and CME means people are recognizing bitcoin and it will make more and more people involving in bitcoin which means more investment and shoot up in price making it a great deal to have for profits.
member
Activity: 98
Merit: 10
November 30, 2017, 03:22:44 AM
#11
NASDAQ is really a big thing. For people who are not aware of it I must say you can think of it as bigger than CME group. Bitcoin futures trading on CME itself was such a huge thing for BTC and it's price had a good spike becuase of it. Now if NASDAQ releases BTC futures it will surely take Bitcoin to a very higher level and might make it cross $20k . With the gaining popularity of BTC the $20k will anyway be achieved within a year if NASDAQ doesn't list the BTC futures. But if it does the growth will be tremendous.
Totally true.
copper member
Activity: 490
Merit: 105
★777Coin.com★ Fun BTC Casino!
November 30, 2017, 02:19:18 AM
#10
NASDAQ is really a big thing. For people who are not aware of it I must say you can think of it as bigger than CME group. Bitcoin futures trading on CME itself was such a huge thing for BTC and it's price had a good spike becuase of it. Now if NASDAQ releases BTC futures it will surely take Bitcoin to a very higher level and might make it cross $20k . With the gaining popularity of BTC the $20k will anyway be achieved within a year if NASDAQ doesn't list the BTC futures. But if it does the growth will be tremendous.
legendary
Activity: 2492
Merit: 1018
November 30, 2017, 01:56:18 AM
#9

This could really make a huge pump not just to BTC but to some other tokens as well. The huge NASdaq investors are probably going to join and manipulate the price indeed. With the money they got, they could buy the 21 Million BTC if given the chance. Are we seeing the price to be $20K next year?
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