Topic: Pump or dump after the Bitcoin futures contracts - page 2. (Read 855 times)
The hedge funds could possibly control bitcoin as they do with other assets. They have the funds to buy,pump the coin,then sell ,dump,once they have the profit.
The argument that it takes bitcoin more mainstream and adds more investment is very valid but also at the same time I think it will be difficult because it will bring in a lot of sure money. Are people really going to offer futures at 500% for a year or more? What influence will that have on the price either answer? I can't quite wrap my head around it but I'm sure something strange my happen. If I had to say I feel it my slow growth of bitcoin.
It seems to me that this will cause a price increase. But not a stable increase, but a short-term, after which the price will decrease. Perhaps after this there will be a correction
If they are looking forward for investing in Bitcoins and selling bitcoins future thus they will back out only when they have attained a minimum set of profit and that would only happen when they will for sure be in the line till a long time or..if not long then at least 6 months or an year thus till then they won't dump the bitcoins.
After their set time period they will for sure sell out bitcoins soley dependent on their individual deals and demans and the net idea would be to gain profit thus after that it will be dump for sure.
But for the short haul we can expect a pump though for the long dump is underway.
After their set time period they will for sure sell out bitcoins soley dependent on their individual deals and demans and the net idea would be to gain profit thus after that it will be dump for sure.
But for the short haul we can expect a pump though for the long dump is underway.
I think with the addition of bitcoin futures the price will go up. There will always be the pump and dump going on but the price should steadily rise I think. It will make it a little more mainstream even though the futures won’t nescesarily make it as mainstream as it would be I’d say amazon start d to accept bitcoin as payment. I believe it will help the price rise in the future. I’m all for it the more people start using bitcoin the better it will be in the long run.
I don't see why the price should go down...
Let me play devil´s advocate.
This could be a case of "buy the rumour, sell the news".
Institutional investors are not stupid for the most part. They are not going to buy at unprecedented highs (=all-time highs)
and instead are going to enter the market after a correction. If the big influx of institutional money that people expect
due to the launch of the CME and CBOE Bitcoin futures fails to materialize this could cause a decline in the BTC price.
Additionally, many newcomers, who entered during the 2017 bull run haven´t experienced a bear market yet.
This could cause a really steep decline as all these weak hands panic sell when the current bull run comes to an end.
Not too worried about it either. Bitcoin has proven to be quite resilient to 'bad news' in the last months; wether it was the crackdown on crypto in China some time ago or hardforks, those obstacles were absolutely no match for the BTC-train. If there's any effect, it'll probably get washed away largely by the highly erratic 'regular' swings on the cryptomarket.
Corrections are normal and healthy, so it is certain that we will have oscillations, but in the long term the trend is high.
I don't see why the price should go down, especially not in the long term. Pump and dump cycles may become more prevalent though, which scares me a little bit. If big investors gain access to lots of bitcoins via futures, they may eventually reach the stage where they can manipulate the market a little bit.
I got into bitcoin nearly 2 years ago, really regret not buying more when possible. I think it is likely going to drop a little, but keep surging on as it always does. It goes up, comes down a little, but always stays higher than previous value. If mainstream investors really catch on, it'll take off and continue to grow. I'm holding some BTC, but turning my attention to other alt coins with better potential. I don't think it was ever the intention of BTC to be a mainstream investment of banks. it was formed because of what banks did to us leading up to 2008
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In a couple of days Bitcoin futures contracts which will be launch on Nasdaq, the Chicago Mercantile Exchange Group(CME) and others. Bitcoiner believe this will make bitcoin hit the mainstream of payment while something think it cause dump in price of bitcoin just like when gold was added by the stock exchange.
The question is, what's your own point of view?
The question is, what's your own point of view?
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