today's price drop related to OKcoin futures?

keithers

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This is the land of wolves now & you're not a wolf

Quote from: maurya78 on August 12, 2014, 02:36:18 AM

Price on bitcoin only drop a little when you compare to other alt coin.

Think the final nail on litecoin is finally here:

http://coinmarketcap.com/

------------------------------------------

Agree, think Stellar might in time eat Litecoin's breakfast, better concept and as of now better marketing and execution
Still early days though

How do you make out of those statistics that it is the "final nail on Litecoin" as you say?

djangocoin

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Brave New World

Quote from: falllling on August 11, 2014, 10:40:18 PM

i told you bitcoin is going to nowhere but down! a big crash incoming!
there is no raise, you can only see drops following drops and final capitulation crash

God damn FUD spreader..

Yololintian

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The current downtrend has nothing to do with the futures on OKcoin. I'm using the futures but I know very few others are, because the program is new and has and low liquidity; if they are using them, its with a small amount of bitcoin. Also consider that you have to deposit bitcoin into the futures wallet; you can't deposit usd, lessening the selling pressure by a very small amount.

fonsie

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Quote from: falllling on August 12, 2014, 06:01:05 AM

Quote from: fonsie on August 12, 2014, 05:29:39 AM

Quote from: Sevvero on August 12, 2014, 05:26:39 AM

Quote from: falllling on August 11, 2014, 10:40:18 PM

i told you bitcoin is going to nowhere but down! a big crash incoming!
there is no raise, you can only see drops following drops and final capitulation crash

Fallling, where is the technical analysis?

Still in his ass.

sell now as i told you to or lose everything at bitcoin final capitulation later

http://englishgrammar101.com/

Sevvero

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Quote from: falllling on August 12, 2014, 06:01:05 AM

Quote from: fonsie on August 12, 2014, 05:29:39 AM

Quote from: Sevvero on August 12, 2014, 05:26:39 AM

Quote from: falllling on August 11, 2014, 10:40:18 PM

i told you bitcoin is going to nowhere but down! a big crash incoming!
there is no raise, you can only see drops following drops and final capitulation crash

Fallling, where is the technical analysis?

Still in his ass.

sell now as i told you to or lose everything at bitcoin final capitulation later

Present your technical and fundamental analysis on the subject, please. Where is it?

falllling

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Quote from: fonsie on August 12, 2014, 05:29:39 AM

Quote from: Sevvero on August 12, 2014, 05:26:39 AM

Quote from: falllling on August 11, 2014, 10:40:18 PM

i told you bitcoin is going to nowhere but down! a big crash incoming!
there is no raise, you can only see drops following drops and final capitulation crash

Fallling, where is the technical analysis?

Still in his ass.

sell now as i told you to or lose everything at bitcoin final capitulation later

fonsie

sr. member

Activity: 434

Merit: 250

Quote from: Sevvero on August 12, 2014, 05:26:39 AM

Quote from: falllling on August 11, 2014, 10:40:18 PM

Quote from: BTCtrader71 on August 11, 2014, 10:18:24 PM

I wonder whether the price drop today (around $590 to $570 in the past few hours) could be related to the nascent OKcoin futures market. My thought process is that the availability of bitcoin futures has the same effect as increasing the supply of bitcoins. Or to think of it differently, it has the same effect as decreasing the demand of actual bitcoins: instead of buying a real bitcoin today, I might decide to buy bitcoin futures (however many units is equivalent to one bitcoin) instead.

If the volume of trading on the futures market shot up today, that would support my hypothesis, although I don't know whether OKcoin publishes that data. (Currently available settlement dates, btw, are 8/15, 8/22, and 8/29. I presume more will open up if all goes well during the initial beta testing period.)

(An alternate explanation for the price drop is that it is because of news reports that the Consumer Financial Protection Bureau put out a warning on bitcoin today. The timing seems to fit. Although I don't know why this would have a big effect on price, except for the fact that it seems to have been picked up by about a million different news agencies.)

Thoughts?

i told you bitcoin is going to nowhere but down! a big crash incoming!
there is no raise, you can only see drops following drops and final capitulation crash

Fallling, where is the technical analysis?

Still in his ass.

madken7777

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Activity: 182

Merit: 100

Quote from: Sevvero on August 12, 2014, 05:26:39 AM

Quote from: falllling on August 11, 2014, 10:40:18 PM

Quote from: BTCtrader71 on August 11, 2014, 10:18:24 PM

I wonder whether the price drop today (around $590 to $570 in the past few hours) could be related to the nascent OKcoin futures market. My thought process is that the availability of bitcoin futures has the same effect as increasing the supply of bitcoins. Or to think of it differently, it has the same effect as decreasing the demand of actual bitcoins: instead of buying a real bitcoin today, I might decide to buy bitcoin futures (however many units is equivalent to one bitcoin) instead.

If the volume of trading on the futures market shot up today, that would support my hypothesis, although I don't know whether OKcoin publishes that data. (Currently available settlement dates, btw, are 8/15, 8/22, and 8/29. I presume more will open up if all goes well during the initial beta testing period.)

(An alternate explanation for the price drop is that it is because of news reports that the Consumer Financial Protection Bureau put out a warning on bitcoin today. The timing seems to fit. Although I don't know why this would have a big effect on price, except for the fact that it seems to have been picked up by about a million different news agencies.)

Thoughts?

i told you bitcoin is going to nowhere but down! a big crash incoming!
there is no raise, you can only see drops following drops and final capitulation crash

Fallling, where is the technical analysis?

He is just doing wild guess and happen to be right at this moment.

Sevvero

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Activity: 350

Merit: 255

Quote from: falllling on August 11, 2014, 10:40:18 PM

Quote from: BTCtrader71 on August 11, 2014, 10:18:24 PM

I wonder whether the price drop today (around $590 to $570 in the past few hours) could be related to the nascent OKcoin futures market. My thought process is that the availability of bitcoin futures has the same effect as increasing the supply of bitcoins. Or to think of it differently, it has the same effect as decreasing the demand of actual bitcoins: instead of buying a real bitcoin today, I might decide to buy bitcoin futures (however many units is equivalent to one bitcoin) instead.

If the volume of trading on the futures market shot up today, that would support my hypothesis, although I don't know whether OKcoin publishes that data. (Currently available settlement dates, btw, are 8/15, 8/22, and 8/29. I presume more will open up if all goes well during the initial beta testing period.)

(An alternate explanation for the price drop is that it is because of news reports that the Consumer Financial Protection Bureau put out a warning on bitcoin today. The timing seems to fit. Although I don't know why this would have a big effect on price, except for the fact that it seems to have been picked up by about a million different news agencies.)

Thoughts?

i told you bitcoin is going to nowhere but down! a big crash incoming!
there is no raise, you can only see drops following drops and final capitulation crash

Fallling, where is the technical analysis?

scarsbergholden

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Activity: 686

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Quote from: unpure on August 12, 2014, 03:21:26 AM

A lot of factors are involved.

The recent IPO of Ethereum, the free give away of Steller and the general meltdown of all alt coins. It only take 1 whale from alt coin to create a massive sell off.

Have coins started moving out of that "exodus" address? I can't remember where I found that address.... I had been wondering if we might see some downward pressure when those coins started moving.

unpure

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A lot of factors are involved.

The recent IPO of Ethereum, the free give away of Steller and the general meltdown of all alt coins. It only take 1 whale from alt coin to create a massive sell off.

BTCtrader71

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Quote from: Omikifuse on August 12, 2014, 12:41:58 AM

But futures are an indication that the market is maturing and that China is not in the rage against the Bitcoin mode.

That should make the price goes up, don't?

Perhaps it's one of those things that will make it go down in the near term (via my reasoning in the OP), but up in the long term (greater maturity = ultimately a good thing).

scarsbergholden

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Quote from: Omikifuse on August 12, 2014, 12:41:58 AM

But futures are an indication that the market is maturing and that China is not in the rage against the Bitcoin mode.

That should make the price goes up, don't?

Aren't futures on the international platform? Not .cn? I think that's because -- similar to Huobi handling its leveraged market through Bitvc -- they want it separated from the mainland Chinese market. I think this is related.

RyNinDaCleM

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Legen -wait for it- dary

Quote from: beetcoin on August 12, 2014, 01:17:41 AM

Quote from: Omikifuse on August 12, 2014, 12:41:58 AM

But futures are an indication that the market is maturing and that China is not in the rage against the Bitcoin mode.

That should make the price goes up, don't?

dell, newegg, tigerdirect, expedia, overstock, and the other myriad companies accepting bitcoin hasn't done much to push the price ahead.. so it's not necessarily true that maturing market = higher price.

The thing is, Overstock and tigerDirect started it. We had a decent recovery for a minute from that, but the next few to begin accepting BTC were just latecomers and the hype of retail shopping wore off. You could already do at TigerDirect what you can do at Newegg, so that wasn't much. Expedia doesn't offer the flights yet, so that's not huge... Yet!

maurya78

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Price on bitcoin only drop a little when you compare to other alt coin.

Think the final nail on litecoin is finally here:

http://coinmarketcap.com/

------------------------------------------

Agree, think Stellar might in time eat Litecoin's breakfast, better concept and as of now better marketing and execution
Still early days though

Cluster2k

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Quote from: kerafym on August 12, 2014, 12:36:24 AM

Price on bitcoin only drop a little when you compare to other alt coin.

Think the final nail on litecoin is finally here:

http://coinmarketcap.com/

Wow, look at some of them go. Finally people are beginning to understand Dogecoin was a funny joke that eventually got old. Much crash, such fall, very suffering.

beetcoin

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Quote from: Omikifuse on August 12, 2014, 12:41:58 AM

But futures are an indication that the market is maturing and that China is not in the rage against the Bitcoin mode.

That should make the price goes up, don't?

dell, newegg, tigerdirect, expedia, overstock, and the other myriad companies accepting bitcoin hasn't done much to push the price ahead.. so it's not necessarily true that maturing market = higher price.

Omikifuse

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But futures are an indication that the market is maturing and that China is not in the rage against the Bitcoin mode.

That should make the price goes up, don't?

kerafym

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THE GAME OF CHANCE. CHANGED.

Price on bitcoin only drop a little when you compare to other alt coin.

Think the final nail on litecoin is finally here:

http://coinmarketcap.com/

nextblast

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Activity: 658

Merit: 500

Quote from: Leina on August 12, 2014, 12:06:03 AM

Do they have tutorial on Future contract? What price is it trading on?

Can non-Chinese sign up Okcoin exchange?

yes, okcoin has a international site (okcoin.com) and domestic site (okcoin.cn)

Topic: today's price drop related to OKcoin futures? (Read 2701 times)