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Title: Why is a average Bitcoin price of $10,000 so important to someone? Post by: Kprawn on February 24, 2018, 03:27:11 PM Have you noticed that we have been floating around the $10,000 bitcoin price for some time now?
Have you also noticed that coincided with the introduction of Bitcoin Futures? Futures are also used in portfolios to balance out price fluctuations on investments, where the underlying asset is particularly volatile. ::) With Bitcoin futures, the contract will be based on the price of Bitcoin and speculators can place a “bet” on what they believe the price of Bitcoin will be in the future. As futures are designed to balance out price fluctuations of underlying assets, it could also make the price of Bitcoin less volatile. {Source : https://cointelegraph.com/explained/bitcoin-futures-explained } So, Does this mean, someone is making money, by going Long or Short on the Bitcoin price? I think so. Would it be one of the reasons why we are seeing a less volatile Bitcoin price, hovering around $10,000? {Again, I think so} Is this the future for the Bitcoin price? {Wall Street manipulating the Bitcoin price to profit from Futures?} Let's discuss this phenomenon and what the probability is that this is happening. I am not a professional trader, but I can see a pattern forming around $10,000. ??? Title: Re: Why is a average Bitcoin price of $10,000 so important to someone? Post by: preshpr1nce on February 24, 2018, 03:31:45 PM Interesting post, the link is broken by the way, drop the %7D from the end of the URL and it works.
The interesting thing with futures and price manipulation is that those driving the manipulation can also pump the price up greater than the bid put in on futures and drive it lower than bids put on futures. easy profits |