How can you ban bitcoin derivatives trading and futures trading first of all?
I don't know if the price drop was as a result of manipulation from futures trading, or just a natural event occurring as a result of the end of a bull market and start of a bear market (probably the latter, to be honest). But even if it was manipulation from futures trading, there is no way to stop futures trading itself.
Yes, it's not included in satoshi's vision. Because it's not a part of the bitcoin network. It's something that institutions can choose to offer for trading on their own markets. There is virtually no way of shutting it down per se, because it's simply not on-chain.
Topic: We Need To BAN Futures Trading In Bitcoin - page 2. (Read 1489 times)
A news report suggests that Bitcoin fell from its $20,000 high water mark immediately after Futures trading of Bitcoin was opened. The seasoned traders pounced upon the innocent Bitcoin community like wolves in a sheep pen.
You can read the full report here:
https://www.ccn.com/bitcoin-price-drop-from-20000-likely-due-to-market-manipulation-traders/
Given these circumstances, don't you think it prudent to ban futures trading in Bitcoin? After all, it isn't part of Satoshi's original Blockchain protocol at all. It's more of a loophole that allows professional traders to prey upon the innocent Bitcoin community.
You can read the full report here:
https://www.ccn.com/bitcoin-price-drop-from-20000-likely-due-to-market-manipulation-traders/
Given these circumstances, don't you think it prudent to ban futures trading in Bitcoin? After all, it isn't part of Satoshi's original Blockchain protocol at all. It's more of a loophole that allows professional traders to prey upon the innocent Bitcoin community.
As it has been explained numerous times, Bitcoin futures are cash-settled, and as such they are utterly irrelevant to Bitcoin price. I don't think that the introduction of these derivatives in November/December was a mere coincidence (it may not), but they were not the cause of Bitcoin price crash in late December by any means. If anything, it is possible that they were instrumental in taking traders money who got lured into the Bitcoin derivatives market, but the volume traded back then was minuscule at best to have any detectable effect on Bitcoin and its price.
We all should have daily trading for the future. We should invest in long term in bitcoin. Because of long-term investment, many profits are available. There is a high probability of bitcoin.
There is no physical delivery of Bitcoin, and settlement is in a fiat currency. This means that it isn't a bitcoin futures market, but just a speculation on the price of Bitcoin.
Bitcoin futures is a derivative of Bitcoin and most derivatives in the financial markets are not actually exercised, but are traded out before their expiry date. It offers some ways to hedge against market volatility and knowing how volatile Bitcoin can be, high net worth holders of Bitcoin cannot but embrace this instrument.Yes there is a chance in near future the bitcoin will be ban in the trading due to its quality and quantity and with that cypto currency will be exposed to the world because of its value and many people gets interested and with that they are trying to find ways to avoid banning the cypto currency or bitcoin.
Although altcoins grow, it still depends a lot on Bitcoin. So, if Bitcoin is really banned, I think the whole altcoins will be severely affected. Altcoins can not grow without Bitcoin.
There is no physical delivery of Bitcoin, and settlement is in a fiat currency. This means that it isn't a bitcoin futures market, but just a speculation on the price of Bitcoin.
Bitcoin futures is a derivative of Bitcoin and most derivatives in the financial markets are not actually exercised, but are traded out before their expiry date. It offers some ways to hedge against market volatility and knowing how volatile Bitcoin can be, high net worth holders of Bitcoin cannot but embrace this instrument.Yes there is a chance in near future the bitcoin will be ban in the trading due to its quality and quantity and with that cypto currency will be exposed to the world because of its value and many people gets interested and with that they are trying to find ways to avoid banning the cypto currency or bitcoin.
There is no physical delivery of Bitcoin, and settlement is in a fiat currency. This means that it isn't a bitcoin futures market, but just a speculation on the price of Bitcoin.
Bitcoin futures is a derivative of Bitcoin and most derivatives in the financial markets are not actually exercised, but are traded out before their expiry date. It offers some ways to hedge against market volatility and knowing how volatile Bitcoin can be, high net worth holders of Bitcoin cannot but embrace this instrument.volumes on futures are very small, I do not think that they strongly affect the prices of crypto currency
Of course they do.The ones who deal with futures contracts are also the ones who hold the most btc in real life so what do you expect?
They bet on one market and then manipulate the other.
And how do you plan on doing that?
I was hoping some knowledgeable person on this forum would furnish us with an answer.
If there is such a clear correlation, can't we do anything to emerge out of the current mess by addressing this root cause?
Actually the best thing you can hope for is that more people get involved in it so that the whales have less influence.
Right now it's a brand new market (like crypto is) so it's easy to manipulate.
Just give it time.
volumes on futures are very small, I do not think that they strongly affect the prices of crypto currency
And how do you plan on doing that?
I was hoping some knowledgeable person on this forum would furnish us with an answer. If there is such a clear correlation, can't we do anything to emerge out of the current mess by addressing this root cause?
Wow, isn't this ironic?
A bitcoin user who got angry when countries banned banks from doing BTC to fiat transactions, is now asking for a ban on Futures Trading.
So you want freedom but only when this freedom lets you get away with stuff....
Just how lots of people here have predicted that somewhere in the futures governments will have no choice but to embrace BTC and live with it, right now your only choice is to do the same. If we ever arrive at a point where we ban what we don't like just like that, that society is doomed.
i just cant wait when btc hit 20 000$
You're going to be banned for shitposting long before we reach that price again
price is around $9800 by the end of November when the news about Futures trading comes out. the market is super excited and we are already on a bull run. also a lot of money comes in. price jumps to $20,000 in 17 days which is a little more than a 100% rise.
by December 18 price is already in a bubble and there is a lot of FUD about how Futures will dump the price. people panic, the bubble burst and price falls. like it always had in the past. when the first Futures contracts are closing there is another wave of FUD and scare about how price is going to fall so people panic sell and price drops. when the next set is about to close there is the same FUD but people don't panic as much and the fall is not even significant.
i don't see how this has anything to do with Futures but not about how the market has always worked! i honestly don't see anything new. just the reason for the "panic" has changed.
by December 18 price is already in a bubble and there is a lot of FUD about how Futures will dump the price. people panic, the bubble burst and price falls. like it always had in the past. when the first Futures contracts are closing there is another wave of FUD and scare about how price is going to fall so people panic sell and price drops. when the next set is about to close there is the same FUD but people don't panic as much and the fall is not even significant.
i don't see how this has anything to do with Futures but not about how the market has always worked! i honestly don't see anything new. just the reason for the "panic" has changed.
And how do you plan on doing that?
I was hoping some knowledgeable person on this forum would furnish us with an answer.
If there is such a clear correlation, can't we do anything to emerge out of the current mess by addressing this root cause?
A news report suggests that Bitcoin fell from its $20,000 high water mark immediately after Futures trading of Bitcoin was opened. The seasoned traders pounced upon the innocent Bitcoin community like wolves in a sheep pen.
You can read the full report here:
https://www.ccn.com/bitcoin-price-drop-from-20000-likely-due-to-market-manipulation-traders/
Given these circumstances, don't you think it prudent to ban futures trading in Bitcoin? After all, it isn't part of Satoshi's original Blockchain protocol at all. It's more of a loophole that allows professional traders to prey upon the innocent Bitcoin community.
You can read the full report here:
https://www.ccn.com/bitcoin-price-drop-from-20000-likely-due-to-market-manipulation-traders/
Given these circumstances, don't you think it prudent to ban futures trading in Bitcoin? After all, it isn't part of Satoshi's original Blockchain protocol at all. It's more of a loophole that allows professional traders to prey upon the innocent Bitcoin community.
Future Trading does not have to be banned, but the part where the scam is occurring is that no bitcoins are used in the Future Contracts.
Unlike Oil Futures, where you can request Actual Oil be delivered to you at the end of the contract.
Bitcoin Future only transact in FIAT, meaning no bitcoins are delivered or held and this is a way to make the supply of coins seem higher and cause a decrease in price by manipulating these trades.
If Bitcoin Futures were required to pay out in bitcoin, more bitcoins would have to be held and this would lower supply and drive up the price.
The Current Bitcoin Futures are nothing more than a scam to lower the price.
There are things that's beyond our control. All we can do is to think of the best ways so we will not have any losses (or at least minimal loss). Bitcoin will recover from this for sure, it doesn't even hit rock bottom. 
It is true that we should do daily trading, but in bitcoin here many are investing in the long run, but I think that is also good for those who are busy with their Offline job.
i just cant wait when btc hit 20 000$
And how do you plan on doing that?
I was hoping some knowledgeable person on this forum would furnish us with an answer.
If there is such a clear correlation, can't we do anything to emerge out of the current mess by addressing this root cause?
There is no physical delivery of Bitcoin, and settlement is in a fiat currency. This means that it isn't a bitcoin futures market, but just a speculation on the price of Bitcoin.
It was apparent and a good number of Bitcoin enthusiasts saw that the emergence of Bitcoin futures was going to open the doors for the manipulation of the Bitcoin market, because Bitcoin futures would actually be an instrument to diffuse the positive sentiment of early adopters through their ability to short Bitcoin and since it's deep pockets club, they can readily instigate the dumping of the market and the panic sell off by regular most users, would be their dream come through.
I agree, people thought it was going to pump the market when futures was introduced but it has had the opposite effect. These market manipulators are killing bitcoin just so they can fill their own bags. It does need to be banned but i'm sure it won't though
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