I am thinking about bitcoin futures. Soon it will be traded in Chigago exchange and my thoughts are : Investors are looking for a undervalued asset to invest and after buying and changing BTC price, they will start the game according to their own rules. Futures is a contract for a future price, that is a guiding star for bitcoin, they will manipulate it. The world is changing and market is changing. Survivors are not the one's who are stronger and smarter, but the one's who adapts to changes.
The fact that futures Bitcoin is a derivative, derivative, in other words, it's not the bitcoin, or the right to buy or sell bitcoin at a price of futures, not the party that sells a futures contract (exchange), not the one that buys (trader/investor), physically the asset, ie, bitcoin will not have, i.e. physical demand for the coin itself will not grow, because all the futures that are now available on the market are not ensured by the presence of the underlying asset.
Consequently, the expectations of investors holding bitcoin that the big whales will come into the market and buy up all the BTC, lifting prices to the skies, destined to shatter like ice on stone.
All majors in the face of institutional investors and hedge funds will invest all their money on the futures market, thereby heating up the interest of all investors, but at the same time, not creating additional demand for the coin that will only exacerbate the overheated market.
In addition, many investors and private households in the US will prefer to invest in the futures, which produce a formal, accredited stock exchanges with high reputation and many years of experience, and not to buy these chops at the exchanges around which are constantly emerging rumors about the imminent same.
Do not forget that the market is driven only actual buyers and sellers of bitcoin.
If the futures pull the part of the customer pie at cryptocurrency exchanges – reduced liquidity and trading volumes in the real market that only bring the moment "blow"
Unfortunately, to predict the real peak of the bubble at the moment is almost impossible, one thing is for sure, John McAfee is at very big risk to remain without genitals in his 75.
I find it funny when people say they will hedge against bitcoin volatility when the CME futures start trading, by investing in other coins like XMR, BCH and so on. Don't people understand that the whole crypto market is driven by bitcoin? If bitcoin pumps, all alts follow, when bitcoin dumps, alts dump even more. This whole market behaves as one and bitcoin is the king. Accept it.
hoschnok
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@FlaviusTodorius67, If it would be that simple, everyone could be a millionaire in a week. sometimes btc crashed and eth, dash or recently bch pumped. expecting there is a set relation between alts and btc is just wrong. btc is king, I agree. but how the market reacts to btcs movement depends on many factors. since you mentioned monero, lets take it as example. if we seem some news, that NSA published notes, that every btc address can easily be tracked and connected with an IP Address, Privacy Coins would probably have a huge pump. You are acting as there is such a simple rule, everyone could follow. that's not correct
mezase
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@FlaviusTodorius67, iota went 30% the last time the whole crypto world was painted red :o
CrytoGio
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thing with futures is that whales will buy calls and buy Bitcoin up to pump the price of their calls, they will then sell those calls for a big profit, buy puts and sell Bitcoin to dump the price down and profit with those puts, and redo it all over again. The game as we knew is over. For Wall Street money crypto market is not that big to pump and dump. They are after our money and they will get much of it. For a while, the only thing Chicago exchange means or Bitcoin is that its price will go up and down at big pockets will. It will be full of traps. BCH may be a better place to put our money until they come up with futures for it.
The fact that futures Bitcoin is a derivative, derivative, in other words, it's not the bitcoin, or the right to buy or sell bitcoin at a price of futures, not the party that sells a futures contract (exchange), not the one that buys (trader/investor), physically the asset, ie, bitcoin will not have, i.e. physical demand for the coin itself will not grow, because all the futures that are now available on the market are not ensured by the presence of the underlying asset.
Consequently, the expectations of investors holding bitcoin that the big whales will come into the market and buy up all the BTC, lifting prices to the skies, destined to shatter like ice on stone.
All majors in the face of institutional investors and hedge funds will invest all their money on the futures market, thereby heating up the interest of all investors, but at the same time, not creating additional demand for the coin that will only exacerbate the overheated market.
In addition, many investors and private households in the US will prefer to invest in the futures, which produce a formal, accredited stock exchanges with high reputation and many years of experience, and not to buy these chops at the exchanges around which are constantly emerging rumors about the imminent same.
Do not forget that the market is driven only actual buyers and sellers of bitcoin.
If the futures pull the part of the customer pie at cryptocurrency exchanges – reduced liquidity and trading volumes in the real market that only bring the moment "blow"
Unfortunately, to predict the real peak of the bubble at the moment is almost impossible, one thing is for sure, John McAfee is at very big risk to remain without genitals in his 75.