will bitcoin down after fork? If CME open bitcoin future it should hype to 10000

pugman

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Quote from: facenew111 on November 05, 2017, 09:37:24 PM

will bitcoin down after fork? If CME open bitcoin future it should hype to 10000

Well,the segwit2X team has stated that the fork is going to be suspended indefinitely and they said that the reason for it is because only 30% of miners supported it and the team also said that they we're kind of not ready for the implementation of the fork, as it would be very very risky and for the sake of bitcoin they didn't want to implement it.

Even if CME group of trading lists bitcoin, it would be terrible because we all know how stock market people are and what all they will try to do as soon as bitcoin gets listed.

stompix

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Quote from: facenew111 on November 05, 2017, 09:37:24 PM

will bitcoin down after fork? If CME open bitcoin future it should hype to 10000

The whole CME things is blown out of proportions.

There are already lots of ways to mimic futures on bitcoin, just that somebody want another part of the pie won't influence the price that much.
Besides it needs approval from the SEC and we all know how fast things are moving there.
How many times did we wait for those?
Remember Greyscale? VanEck ?

We won't see a SEC response or approval this year.

Quote from: fabiorem on November 07, 2017, 05:49:28 AM

For a future contract to work, the sellers of those contracts should be holding a lot of coins.

Not happening in gold, won't happen with bitcoins.
I'm willing to bet we are going to see more than 21 billions btc on paper.

Peter789

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On the subject of CME. Looks like this is a growing trend

http://insidebitcoins.com/news/argentinas-largest-trading-platform-plans-to-offer-bitcoin-futures/83742

thecodebear

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Quote from: uszaty43 on November 06, 2017, 04:11:18 PM

honestly, ten k's are a little bit unreal if you look at the recently charts, it is very far from the actual price because bitcoin is going down by a lot of money because of the next fork, i dont know what is going to happen, but i would suggest you to drop your coins before this fork if you dont want to have any issues or problems regarding to your bitcoins later.
I am going to sell them right after away that i receive my bitcoins+sg2x coins, of course.

ummm what? Huh

worst advice ever! No one in their right mind would sell BEFORE the fork. Fork gives free money! Only reasons to sell before the fork is if you think bitcoin's dip will be greater than forked coin's price. Which could happen, but that's quite the gamble.

As of when Bitcoin hit 7600 a couple days ago it's been growing at a rate of 0.66% daily this year. If it continues that it'll hit $11,000 on the last day of the year. But because of the fork I expect a mess for a few weeks so I think that'll prevent the growth rate from staying the same in the near term. So I'd expect a dip to under $6000 following the fork, and then when it gets all settled out maybe hitting $9k by end of year.

BillyBobZorton

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A potential outcome that most are not considering is that the NYA people secretly gather again to discuss about removing all support because they realize how contentious and stupid their hardfork is. They would then proceed to set buy orders and they would announce that there will be no hardfork. This would result in a short squeeze as the shorters get killed with an huge pump to $10000+ since no hardfork drama + CME is obviously $10000+ territory, and they would also save face against the bitcoin community.

fabiorem

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For a future contract to work, the sellers of those contracts should be holding a lot of coins.

Futures for BCH worked because nobody were holding them at that time, the fork didnt happened yet.

But what about a coin which have lots of hodlers? How they will gamble the price? Will they try to control the exchanges, putting limits on prices?

asriloni

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Quote from: facenew111 on November 05, 2017, 09:37:24 PM

will bitcoin down after fork? If CME open bitcoin future it should hype to 10000

So and why? Bitcoin futures trade just give a possibility to the company that already registered in the CME group service to predict about the future valuation of the bitcoin. That was not mean if the company will try to buy the bitcoin and store them on the safe place. $10,000 as the more adoption will come and that was true. but for the onlu bitcoin futures trade and I doubt about that.

machinek20

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It supposed to be down a little bit, because most of investors only keep bitcoin to take the new coins, after they done most of them will be back to trade alt coins, but dont worry, bitcoin will go up again in a long term because bitcoin dominance is high

BillCoin

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It is still not 100% percent sure that they are going to open the CME futures (they still need to handle some documents and regulation as they are based in the United States).
But I believe that the market already acted to the news of them opening the futures market, and that's the main reason of the recent increase in price from 5800$ level to more then 7000$.

fanbeila

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The upcoming situation about hard fork is entirely different from the previous forks.We all clearly know that in previous similar situations,the clone of bitcoin would not be able to replace bitcoin and so after such hard forks claiming free coins,people immediately sold their bitcoins to buy altcoins which made bitcoin price to fall a little.

But this time,segwit 2x is to be activated and it is said that it has majority of miners support and so,if it replaces bitcoin,then bitcoin price may severely crash.

And if segwit 2x does not get enough support,then there would be two coins bitcoin and bitcoin segwit 2x coins.Since legacy bitcoin remains non replaced,its price would sky rocket.

Another reason for bitcoin price increase would be CME entering bitcoin market and releasing bitcoin futures since we saw around thousands of new accounts being opened in coinbase after their announcement.

Peter789

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Quote from: Anonylz on November 06, 2017, 04:56:06 PM

I have been looking at the charts recently and it looks like if bitcoin is touching a big dip at the moment, i dont know why it has been dropping that much in the last hours, it was over 7500 dollars each one a few hours ago, and it is now below 7100 each, it is worrying me, but i am still quiet about it because i have a lot of patience.
but yes, after the segwit fork, it will probably go to 10000, but a few months, or weeks late, it can not just happen a few hours later, it is impossible.

I recommend not to worry. This has happened before. In fact, i am happy about the correction dip because i will buy up at the bottom.
B2x will most likely fail. CME will invest, many more big investments will follow.
At lease $9USk by xmas.

J. Cooper

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Alea iacta est

À lot of people think everyone wants 'free' bitcoin but I think the majority of the money that has come on is by people who just want to make money and don't care too much about the fork. Therefore I think right before the fork we will experience a drop in price because those people believe the top has been hit and that after the fork the money will flow back into alts. I'm not really sure what the price will be right before the fork but 10000 is a little bit too much in my opinion. Maybe 8000 who knows.

hahahafr

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It depends a lot, but i dont think that it is going to more than $10k because it is a lot of money, but it depends on how are people going to react after this fork, it is very difficult to predict that, but yes, always after a fork there is a big dump on the market, and a big pump on the altcoin market, and you all know that.
but bitcoin is going down right now, and altcoins are going up, maybe the fork is going to happen soon and the blocks are going to be minned sooner.

Anonylz

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I have been looking at the charts recently and it looks like if bitcoin is touching a big dip at the moment, i dont know why it has been dropping that much in the last hours, it was over 7500 dollars each one a few hours ago, and it is now below 7100 each, it is worrying me, but i am still quiet about it because i have a lot of patience.
but yes, after the segwit fork, it will probably go to 10000, but a few months, or weeks late, it can not just happen a few hours later, it is impossible.

Peter789

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Considering the correction dip, i am thinking $US9k. Minimum

uszaty43

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honestly, ten k's are a little bit unreal if you look at the recently charts, it is very far from the actual price because bitcoin is going down by a lot of money because of the next fork, i dont know what is going to happen, but i would suggest you to drop your coins before this fork if you dont want to have any issues or problems regarding to your bitcoins later.
I am going to sell them right after away that i receive my bitcoins+sg2x coins, of course.

Washball

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Bitcoin is now dropping a little, because people are selling right now. But that does not matter, it will rise again before or after the fork for sure. Bitcoin will reach 10K this year.

Happichfun

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Quote from: facenew111 on November 05, 2017, 09:37:24 PM

will bitcoin down after fork? If CME open bitcoin future it should hype to 10000

any one tell you can know price hi is lair till Economics simple Demand and supply law control but it is so hard to bread 10,000$

player514

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Quote from: facenew111 on November 05, 2017, 09:37:24 PM

will bitcoin down after fork? If CME open bitcoin future it should hype to 10000

It seems like it will. The same happened right after bitcoin gold, and it seems like the current situation we're in is very similar to how things were going then. The forked coin doesn't really have much information behind it. People speculate it's probably going to be a scam just as BTG was speculated to be due to the extreme lack of information. I don't see the forked coin having much of a future. We can't do much but speculate at this point; people claim that bitcoin will rise shortly after a drop following the fork.

greeklogos

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Nobody can guarantee you anything about the price. You need to follow it yourself. Hype is another factor that will play an important role in anticipation of the hard forks and immediately after it. Because crypto is not yet so widely used, any split in their ranks gives you another reason to talk about their future prospects. Than more people talk about crypto than there is bigger probability that the price will raise in sooner time.

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