Bitcoin Forum

I'm wonderring if Bitcoin price can be held down by CME Futures and BAKKT like gold is for many years. The thing is they are not backed by BTC, BAKKT spouse to be but is probably not, so can they work as an inflation on Bitcoin?

Be downed forever because of CME I don't know, but every month : YES.
These organisations have a lot of power indeed, but if they think they can get more money with a Pump, no reason for them to create a dump ?

I saw a news flash that the BaKKT is taking people's bitcoin and giving them USD, while they keep accumulating bitcoin at a lower rate and giving people a dead dollar. I remember many people were happy when bakkt wanted to launch, today I doubt they are still excited.

And you mind sharing with us this piece of "news" where BAKKT is taking people's bitcoin?
You have no idea what BAKKT is and how it works, don't you?


Yeah, the Illuminati strike again, the guys dumping 500BTC on the market are to blame for, not the horde of imbeciles who panic they might loose 3 ents are dump everything they've got.


Of course man, it's all a conspiracy, they hold the price down....how?
What stops people buying bitcoin and not seeling at what CME or BAKKT says? Nothing!
Who is forcing you to sell at 7300$ or whatever the pice is? NOBODY!

The same pattern during every bear week of bear season, there must be a conspiration going on, that's the only reason you still can't buy a Bugatti with the two satoshis you've bought yesterday for 1 cent. Outrageous!!

The answer is no. Futures track exchanges prices

Besides, their volume is to low.

Whoever follows bakkt and CME prices to Buy in the spot market is very stupid.

Bitcoin is perfectly following its 4 years pattern cycle.

I think that we can observe Bitcoin price reduction through futures right now. Many of the contracts ended and despite the fact that the market atmosphere was positive, the price was lowered. In my opinion, this was the effect that investors on the crypto exchanges were afraid that closing many contracts would cause a drop in price, which actually happened.
What will happen in the future is unfortunately unknown.

You know, that's kind of the answer I've been looking for as to my question about whether futures exchanges can affect bitcoin's price and if so, how.  But you're saying that they're relying on the prices reported by "exchanges".  If that's true, any idea which exchange(s) they use?

That actually makes a lot of sense, though I know in the metals market the prices are actually created by the futures markets (right?).  The spot price of gold is what's reported on the commodities exchanges, and they're basically trading futures there.  I guess bitcoin is a different beast entirely.

Yes, the supply of gold and silver for example are unknown. Therefore, futures markets literally create their price,

Bitcoin have a limited supply, and you cant issue more contracts than Bitcoins. If they do, then that's FRAUD.

I think CME tracks Bitstamp.

But anyways, futures have a very low volume to manipulate the Bitcoin market and they will work as steroids for the next rally to the millions of dollars per coin.

I also don't think that futures track the price of Bitcoin. If it has anything to do with it at all, then rather larger investors on the crypto exchanges are looking at the contracts. The truth is that the biggest whales and institutional investors play on futures, so they should be able to effect the price of Bitcoin, not the other way around.

Did I say it was a conspiracy ? No
You can't deny people have the power (or the number of coins) to influence the market. Of course they are playing on the fear of what you call "the horde of imbeciles".
After if everyone was holding will bitcoins go to 1.000.000 ? Or will everybody hold and nothing will happen ....  

with bakkt, absolutely. because of hidden leverage practices on wall street, (https://www.forbes.com/sites/caitlinlong/2018/08/13/the-r-and-c-words-enter-the-vocabulary-of-bitcoin-enthusiasts/) bakkt is likely to inject far more paper supply into the market than actually exists in their vault---just like the comex gold market. while bakkt has low volume and paltry reserves, this isn't a major concern for spot pricing. however, that could change over time.

the CME market has no direct relationship with BTC so it can't dictate spot prices. it's basically just a CFD market that follows the spot market.

Don't you think markets should be free? Let them short and pay premiums and lose everything they got.

I also think that's how it will play out.

Bitcoin isn't like gold where they can scam everyone forever.

Sooner or later, the supply will dry off because there are hundreds of people who DCA every week, month or even daily.

Sooner or later, hopefully sooner, the price will have to go up no matter how hard  these crooks try to keep it low. They will eventually run out of money.

They can get away with it with gold because not many people demand physical gold. They mostly play with paper gold and nobody cares about the real physical supply. Nobody can exactly know how much gold exist neither.

With bitcoin, everything is transparent. That's why they can't fool us forever.

It seems to me that for large investors it is even more profitable to have a low price of BTC and they can keep the rate. But in any case, you need to think about yourself, right? If your trading assistants are not strong in predictions, then try the tools and signals on taklimakan network It is better to be prepared and know when it is time to act, and signals are a great thing to make investment decisions on time.

$ 10,000 not bullish? But it was no more optimistic, because they buy rumors, sell news. If the guys at BAKKT claim that they have 800% growth, this is not so bad, and we will probably be able to see a multiple increase over the next few months, especially when bitcoin again reaches $ 15,000.

For a lot of traders that's all they need, a price to trade. In case of CME it's easy to access from their own broker portal, which means that they don't have to submit any documents to an exchange and pretty much dox themselves to a bunch of incompetent clowns. CME's volumes are quite which is perfect for high tier traders. Even with today's overall low volumes they did 23,000BTC in contract volume.

In case of Gold absolutely, but with Bitcoin being so scarce as asset, it will take a lot of naked shorting to affect the price negatively for a long period of time. Realistically speaking, it makes not much sense for the big boys to keep shorting Bitcoin with so little downside left, as so, I'm pretty sure that we're not far away from a turning point where they want to be long.

Good to always see you here putting things at the right place in the right order. Certainly, it is very easy to concoct a conspiracy theory and have a good number of people believe on them even if devoid of any solid evidence that can withstand a good amount of scrutiny. When Bitcoin is not that pumping, people have this tendency to create many scenarios out of morsels. Anyway, we all have our right to believe on anything even on aliens and certainly here in the world of cryptocurrency we are swimming with all types, forms and sizes of people who are making some sense but many times are just expressing their creative prowess. One thing for sure, I always enjoy most of the things you are posting in this forum.

they may create more incentive to manipulate the bitcoin price in the market but they are not the ones responsible for the manipulation. the market participants are!

not to mention that all these manipulations and "keeping the price down" is not a new thing for bitcoin. it has existed long before any of CME or Bakkt existed and will exist after them too. the market is still small, exchanges not-trustworthy and on top of all that the market is filled with a lot of weak hands that are so eager to press the big red button of panic sell or panic buy that intensifies all the big drops and rises in bitcoin. consequently when we see a big panic sell with a big drop like these days, that will be followed by a long period of price staying down for many reasons including fear and accumulation.

This is what I'm thinking the key factor for price manipulation. Great example here was the recently dump from MATIC coin. Binance can clearly identify who's the real seller of the huge bag of token because they
have KYC requirements for all account and yet they keep quiet about this issue. And there is other great example from other exchange. Manipulation can't be control unless all exchange are being
regulated by SEC.

I hope that bakkt is here for positive impact of btc and maybe even for great pump

The more corporations enter the crypto market the better? I’m talking specifically about the era of famous companies such as Apple, Facebook, IBM, Microsoft, Visa, etc. who are actively involved in the affairs of the crypto community now. Is their appearance on the market still not enough for a more powerful development of the blockchain industry?

Both of them may be powerful organization but they dont have a volume to back it up. They may start accumulating bitcoin but at the end of the day its common people who need to sell their BTC to them. Why people are selling at this dumped price..? If they have good volume and trying to manipulate the price then we can say that Bitcoin is getting held down.

If you recall the bitcoin price fraud, then Bakkt is probably not the cause of the bear run, but JP Morgan Chase. They were held accountable for fraud associated with fixing the prices of gold and silver, they may have decided to slowly buy Bitcoin at over-the-counter trading, and decided to reset as soon as the start of bakkt began to trigger a stop loss and trading algorithm / bot so that they could redeem the crashed bitcoin before the upcoming grandiose move to $ 15,200, and then further.

If they have the power and amount of money to invest into an concrete strong objective such as a pump and dump scheme then yes.

For sure you will find yourself looking at some big dives or rises from the price.

I just hope for the best if they conceal to buy more than regularly less as everyone thinks in the future.

Personally, I think YES. Somehow, they might be keeping it low to stock up large amounts. You know, for those who are holding a small amount of bitcoin, they always feel nervous when the bitcoin price is not growing. This means they have lost their perseverance, at some point, they will sell their bitcoins, it will be a downfall. In contrast, sharks like this, they will buy slowly, hoard a lot. It is an ongoing plot, and we cannot prevent.

Price action without any news is usually connected to manipulation on futures or attempts at squeezing shorts or longs. They don't want Bitcoin to become too big before they understand and adapt blockchain tech. Probably every single entity planning a launch of their private altcoin is interested in keeping the Bitcoin's price down.
Why? Because bitcoin pumps make people go crazy and invest. If the market cap goes up by a few billion the fiat will come from people's pockets. Money that could be otherwise spent on emerging centralized currency like the digital Euro, that was recently in the news.