Do they have tutorial on Future contract? What price is it trading on?
Can non-Chinese sign up Okcoin exchange?
Topic: today's price drop related to OKcoin futures? - page 2. (Read 2751 times)
The OKCoin futures may have something to do with it.
All the "Good news" lately and the price barley budged. What would make any of you think this insignificant piece of not-so-bad bad news (CFPB) would cause this? Why do you guys scour the net in search of any piece of news that somehow correlates to any movement in price? I guess it just CAN"T be the technicals. I've been short and expecting this for days. Did I have some kind of insider info? mm, no! Was I lucky? Many of you will say that's exactly it. Then why is my luck so good while so many of you that are SURE that the moon is right around the corner have such bad luck? Could it be that I don't just guess at where the market is going? DingDingDing! We have a winner...
Get a fucking clue! News doesn't matter unless it is very significant. The fundamentals (except mining difficulty) haven't changed in months if not years. The only thing left is the technicals which is exactly what this was. Everything turned south over the last few days. There has been heavy selling on Bitstamp for the last month and buyers finally succumbed to the overwhelming pressure.
The alts have been following Bitcoin lately. All but that VIA...
All the "Good news" lately and the price barley budged. What would make any of you think this insignificant piece of not-so-bad bad news (CFPB) would cause this? Why do you guys scour the net in search of any piece of news that somehow correlates to any movement in price? I guess it just CAN"T be the technicals. I've been short and expecting this for days. Did I have some kind of insider info? mm, no! Was I lucky? Many of you will say that's exactly it. Then why is my luck so good while so many of you that are SURE that the moon is right around the corner have such bad luck? Could it be that I don't just guess at where the market is going? DingDingDing! We have a winner...
Get a fucking clue! News doesn't matter unless it is very significant. The fundamentals (except mining difficulty) haven't changed in months if not years. The only thing left is the technicals which is exactly what this was. Everything turned south over the last few days. There has been heavy selling on Bitstamp for the last month and buyers finally succumbed to the overwhelming pressure.
well i dont think its related to okcoin futures, it seems like all the alts are dropping too, all the crypto ecosystem! litecoin is 0.009 xD
The alts have been following Bitcoin lately. All but that VIA...
well i dont think its related to okcoin futures, it seems like all the alts are dropping too, all the crypto ecosystem! litecoin is 0.009 xD
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?
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
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?
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?
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