Bitcoin Forum

Two things that I have observed so far are that the price variation between different exchanges has dropped and the prices of altcoins have increased along with bitcoin's price.  

It seems that Bitcoin Futures reinforces the legitimacy of Cryptocurrencies and motivates more people to get into the cryptos space.

Also, it seems that Bitcoin Futures manages people's expectation on the price and reduce the volatility.

What do you think?

BTC occupies the biggest part of the market. If people believe in Bitcoin they Bitcoin in virtual currencies also. Bitcoin is a synonym of cryptocurrency. So BTC impact on the other currencies prices is obvious.

With Bitcoin Futures Launched, more people know about cryptocurrencies and it also helps more people to accept them.  As the futures is cash settled, people do not need to buy or sell bitcoins at the settlement dates.

It seems that the price is less volatile after the launch - less trade opportunities for day traders.

it can happen that the price will go high and same as altcoin but some coins can get gone also because of the high price.In the future it's has a possibility that the price is stable and it's authorize in all country around the world.We can rely here in crypto because we need this in life that's why it continue to grow day by day

Bitcoin futures really gave Bitcoin the validity it needed to get more mainstream. Now that we have BTC on Wall street, it is in all the news headlines. More and more people have been asking me about Bitcoin in recent weeks.

Totally agreed.  Bitcoin Futures helps Bitcoin to get into the mainstream.  It is a great promotion for Bitcoin.  Let's wait for the Lightening Network to kick in, then Bitcoin will become, officially, a currency.

With the launch of both CBOE and CME bitcoin futures, the price increased. And there's some kind of stabilisation. But we also see that altcoins are going up, which means investors are moving from bitcoin to altcoins.
The launch of futures indeed attracts people to bitcoin, more and more people get interested. They don't want to miss the bitcoin train.

Yes you are right in your observation. There will be more demand for Bitcoin from those who trade futures and whenever there is pressure in demand the price normally goes up according to simple economics.We are going to see more price surge for BTC.

It's helping push Bitcoin into the mainstream.

The hedgefunds introducing futures will entice others into bitcoins but they will have a narrow band of prices available. This could stabilise price from rising quickly or dropping.

Maybe bitcoin futures reinforces the legitimacy of crypto, but there are several but:
1. What about that investors can but futures and don't buy bitcoin? The Wall Street money will flow into futures, nit in ctypto...
2. Futures price based on special combined index for which info is taken from several wxchanges (not all). So, anyone with purse of money can speculate the price.

Correct and long term it will be helpful to push bitcoin into new ATHs, despite there may be short term volatility.

I'm curious of its effect on volatility (up and down)...

I agree here, there is no negative effect so far asimilated with the Bitcoin Futures. There were many theories that Bitcoin will go down, but it looks like nobody can stop this brand new tech, especially speculators.

Check out this news:  https://www.bloomberg.com/news/articles/2017-12-18/bitcoin-climbs-as-futures-debut-fails-to-ignite-attack-by-shorts

What the article was saying basically is that Bitcoin Futures allows people to short bitcoins and, by doing so, the price would drop - but in reality, the price stood still and did not drop.

I am so proud of Bitcoin and the community supporting it!

We must remember - the bankers will do everything that depends on them, that would harm the bitcoin. Futures stop bitcoin, do not give money to investors to enter the crypto-currency market.

Yes,volatility seems to have dropped more as it was said earlier that when big companies enter bitcoin network,its volatility would get reduced.This would attract those sects of investors who were afraid of bitcoin's high volatility.Bitcoin futures price seems to have created a positive image about bitcoin's price among the investors.

fast forward to today...and we have a massive drop.

We are not close to having a stable crypto market.  I think we still are going to see some major problems with some of the biggest names in exchange business followed by more government led regulations.

Agreed that we are not even closed, but it seems that the swing is not as huge as before (or maybe there is no major correction yet).  It is very interesting on how the futures works.  It shows people's expectation on the price in the near future.

Don't add too much value to that. All decisions made are based on what's happening with the market right now. We have seen how quick things can change, and also, traditional investors have a completely different way of thinking. They might have been speculating on a decline by shorting at the moment we would reach $10k for the first ever time, which looking back now, would have cost them a lot money. I think it's safe to say that as long as we can hold on to current bullish market, no one will even dare to open a short contract. Shorting Bitcoin is capital destruction in current times.

None. Bitcoin Futures have minimal role to play here. There are more prominent factors effecting Bitcoin prices at the moment, most prominent among them at the moment is BCH rise!
Analyze BTC and BCH combo chart and you will find that both are inversely related to each other. Rise is one means stagnation or decrease in other. Due to excessive diversification from investors and BCH pump today, Bitcoin remained stagnant around $17K today but it will over soon. We will see it growing again. "Volatility is real essence of Bitcoin."

In my point of view, it is to early to make judgement how bitcoin future manage to have relevant in bitcoin perception and increasing value. I can give more time to it to mature and giving more space to be known by many investors. It has so little noises that market this and that surely because of the strong increases that silence the community for a moment.

It seems that futures did not affect bitcoin much, the CBOE were the only ones who pumped bitcoin a lot.. But since the CME started their own futures the price started to go down, well, maybe it is not because of them, it is just because all the hassle from bitcoin cash > bitcoin.
But it will be fixed soon, i am not scared like many of you right now.

I don't think BTC future can reduces the volatility. In my opinion now BTC could become more volatile tha ever before. Reason behind that is BTC future can be short-sell   and this might increase the volatility.
Yes that's true that it has increased the investors engagement in it and also a significant market cap rise can be seen in BTC. That proves that BTC future helps to gain more popularity than ever before.