Will Bitcoin hit $8k in December due to CME - page 2.

ckorbba

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Quote from: Eugenar on November 15, 2017, 08:48:27 AM

Quote from: scottykarate on November 14, 2017, 02:41:59 PM

Any guesses as to whether BTC can make another run during the 2nd week of December when CME is slated to go 'live' with the futures trading?

Seems like they've firmed the date up:

https://www.cryptocoinsnews.com/not-going-to-let-it-go-to-zero-cme-chief-downplays-fears-ahead-of-december-bitcoin-futures-launch/

Hopefully BTC will start another nice run and get out of the doldrums created by Ver and his gang.

I am also hoping that it will. Bitcoin was already having a market value of 7400$ lately but it just happened that its value fell because of what happened with the segwit2x supposedly this month. I think it won't be able to reach 10000$ before this year end which was expected before when the hardfork is not yet cancelled. But i think it will break the 8000-dollar mark since it is now starting to recover from the downfall recently.

in fact, I would not be so categorical in my forecasts for the future of the near future prices for Bitcoin. I think that for the last year Bitcoin showed not only risking a fall, but also practical jumps to the moon of its price. Therefore, not only 8,000 dollars, but also 10,000 dollars is quite real. but with regard to the fact that today it will arrive at Bitcoin pricing, it is rather difficult to forecast, because we already see the Bitcoin Cash fork, which begins to strive in the price to the Top and may become a competitor simply Bitcoin.

Eugenar

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Quote from: scottykarate on November 14, 2017, 02:41:59 PM

Any guesses as to whether BTC can make another run during the 2nd week of December when CME is slated to go 'live' with the futures trading?

Seems like they've firmed the date up:

https://www.cryptocoinsnews.com/not-going-to-let-it-go-to-zero-cme-chief-downplays-fears-ahead-of-december-bitcoin-futures-launch/

Hopefully BTC will start another nice run and get out of the doldrums created by Ver and his gang.

I am also hoping that it will. Bitcoin was already having a market value of 7400$ lately but it just happened that its value fell because of what happened with the segwit2x supposedly this month. I think it won't be able to reach 10000$ before this year end which was expected before when the hardfork is not yet cancelled. But i think it will break the 8000-dollar mark since it is now starting to recover from the downfall recently.

jjacob

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★Nitrogensports.eu★

The price has recovered extremely strongly to back over $7k. The failure of Segwit2x and the resulting fall now seem like a bad dream. I wouldn't be surprised if we crossed $8k in November itself.

rhamzter

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Quote from: timerland on November 15, 2017, 12:14:02 AM

Quote from: scottykarate on November 14, 2017, 02:41:59 PM

Any guesses as to whether BTC can make another run during the 2nd week of December when CME is slated to go 'live' with the futures trading?

Seems like they've firmed the date up:

https://www.cryptocoinsnews.com/not-going-to-let-it-go-to-zero-cme-chief-downplays-fears-ahead-of-december-bitcoin-futures-launch/

Hopefully BTC will start another nice run and get out of the doldrums created by Ver and his gang.

The price will definitely get bumped up by this, and will generate a lot more publicity for bitcoin. As the saying goes any publicity is good publicity. However, i just don't know how this will influence the pricing in the long term.

I'm not a fan of futures trading or high leveraging.

Basically a recipe for market manipulation, especially on such a large scale market.

Last day bitcoin value are fall down in the market, however this time it was starting to recovered. Maybe we just trust to the potential of bitcoin, because no doubt that this coin are starting to rising up again this coming December, 2017.
We don't need to panic selling due to fall down of bitcoin value, because all we need to do is to wait and hold it for long run of time.

timerland

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Quote from: scottykarate on November 14, 2017, 02:41:59 PM

Any guesses as to whether BTC can make another run during the 2nd week of December when CME is slated to go 'live' with the futures trading?

Seems like they've firmed the date up:

https://www.cryptocoinsnews.com/not-going-to-let-it-go-to-zero-cme-chief-downplays-fears-ahead-of-december-bitcoin-futures-launch/

Hopefully BTC will start another nice run and get out of the doldrums created by Ver and his gang.

The price will definitely get bumped up by this, and will generate a lot more publicity for bitcoin. As the saying goes any publicity is good publicity. However, i just don't know how this will influence the pricing in the long term.

I'm not a fan of futures trading or high leveraging.

Basically a recipe for market manipulation, especially on such a large scale market.

btc-facebook

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At the moment I can see it will happen since bitcoin slowly but sure back to $ 7000 after yesterday downtrend

Quote from: centralbanksequalsbombs on November 14, 2017, 06:32:56 PM

Cannot speculate on price on this event.

Remember the central-bank-fiat-institutions can manipulate asset prices with derivatives.

Will futures introduce similar manipulation (as gold, stock, RE) after a period of years if more and more funds use futures/derivatives instead of underlying actual bitcoins?

That is why, ALWAYS rely on accumulating real, actual Bitcoins, they are true and scarce.

It's difficult to say because bitcoin value generally depend on supply and demand so it become advantage for whale trader as they can control bitcoin value globally

bitcoin31

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As of now the price of bitcoin is already 6900 dollars price and for sure it will continue to increase in the future.
More bitcoin that you have more money to come buy bitcoin because they have possibke the price become 8k dollars maybe this month and you will not wait the month of december because the possible price is 9k dollars plus for sure.

RAmondragon

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We might go around 8k to 9k USD by the end of December. Or it may increase more depending on how the current investors of bitcoin reacts on CME getting into the picture. The healthier competition the better for bitcoin.

John Langut

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The price of Bitcoin may rise in anticipation of the futures, but when they are live Bitcoin holders may not like the result: it will enable new kinds of trading shenanigans of a level we haven't seen before.

Cloud27

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If the scheduled launch will push through there is a high probability to hit the $8k by the end of this year. The demand for bitcoin will be a competition for both current bitcoin investors and investors coming from CME. It is more likely some traders from the CME community will try to explore and to take a bite to invest in bitcoin.

centralbanksequalsbombs

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Bitcoin :open immutable decentralized global fair

Cannot speculate on price on this event.

Remember the central-bank-fiat-institutions can manipulate asset prices with derivatives.

Will futures introduce similar manipulation (as gold, stock, RE) after a period of years if more and more funds use futures/derivatives instead of underlying actual bitcoins?

That is why, ALWAYS rely on accumulating real, actual Bitcoins, they are true and scarce.

Mysterious01

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Quote from: scottykarate on November 14, 2017, 02:41:59 PM

Any guesses as to whether BTC can make another run during the 2nd week of December when CME is slated to go 'live' with the futures trading?

Seems like they've firmed the date up:

https://www.cryptocoinsnews.com/not-going-to-let-it-go-to-zero-cme-chief-downplays-fears-ahead-of-december-bitcoin-futures-launch/

Hopefully BTC will start another nice run and get out of the doldrums created by Ver and his gang.

Bitcoin is already rising unexpectedly so there is a big chance that 8k USD will be hit in the month of December but I am not sure whether CME will become a big initiator for its value to rise.

javadsalehi

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Whenever bitcoin price rises after a drop, it reaches to a new all time high. This is what is always happening. So the price can easily reach 8000 dollar in a short time.

romecheo

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After the big wave which striking Bitcoin badly, i am still no doubt that Bitcoin will not only hit 8k USD by December but surpassed it.

Bitcoin never missed to surprise digital currencies enthusiast and it will happen repeatedly.

rainbow169

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The CME could also open up a large short market which might introduce price pressure to bitcoin. Jamie Dimom might take this opportunity to short it ;-). But overall I think long time this is good news for bitcoin.

f150

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Me and all the bitcoin users would definitely expect the price increase of bitcoin diangka 8k in december later, but that's just a prediction only. because no one can predict exactly when bitcoin prices go down and up, because the bitcoin price is unstable.

MJunioR

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Quote from: scottykarate on November 14, 2017, 03:50:27 PM

Quote from: MJunioR on November 14, 2017, 03:36:25 PM

I guess it will, but at the same time January will be super volatile, and it will probably have a correction not much later.

Why do you think January will be volatile? Just curious..not doubting. Post-holiday slump?

Exactly. If Bitcoin gets up to 8K in December, it will probably a temporarily thing that will end in January when it will begin to fall and get up at same time.

salihno71

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Quote from: scottykarate on November 14, 2017, 02:41:59 PM

Any guesses as to whether BTC can make another run during the 2nd week of December when CME is slated to go 'live' with the futures trading?

Seems like they've firmed the date up:

https://www.cryptocoinsnews.com/not-going-to-let-it-go-to-zero-cme-chief-downplays-fears-ahead-of-december-bitcoin-futures-launch/

Hopefully BTC will start another nice run and get out of the doldrums created by Ver and his gang.

Well, it will surely influence the price in the upward direction. But it's the question where will be the next stop. It probably depends on the amount of new money. I think 8k is not unreachable.

BitcoinPanther

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Well that is a good news, with these removing fear from investors, this will definitely cater interest and or attract more investors to jump in Bitcoin projects. This will also strenthen the positive side of Bitcoin. With this news I believe bitcoin will reach higher than $8k.

scottykarate

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Quote from: Hydrogen on November 14, 2017, 04:41:57 PM

Crypto futures may be just another exchange where crypto is traded. There probably won't be anything groundbreaking or noteworthy about it. Gold and equities futures markets trade in the off hours of their trading days. Crypto trading is 24/7. There will be no true futures market in crypto as trading hours aren't limited. Futures will be just another exchange. It probably won't matter at all.

The main relevence of crypto futures is, it could open the door to crypto ETF's (exchange traded funds) sooner rather than later. It could legitimize crypto and serve as an indirect endorsement.

Yep, 1 step closer to ETFs.. eventually Forex. I know it's baby steps, but the CME thing is one of the most significant things that can happen to legitimize it. It comes at a much needed time as far as some good news and regaining the hype.

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