That;s a very dangerous way of investing though. I'm happy to swim with the tide right now but we have to be constantly challenging our assumptions as investors and asking ourselves - if we weren't already invested - would we be buying in right now?

Yes the market is going nuts at the prospect of the futures contracts and all the additional liquidity but let's not forget this market has gone up over 10 x in just this year. Very few people (apart from Clif High) predicted we'd be as high as this so quickly. That is not a sustainable rise and to me it makes complete sense that they will be looking to massively short this market.

Everyone needs to enjoy the moment now but also prepare for this kind of eventuality and make sure you protect your capital by either taking profits or setting appropriate stop losses. I really hope I'm wrong!

There is no stopping Bitcoin right now but to me this gives powerful entities a potentially very powerful weapon - the ability to naked short.

I honestly don't think the Bitcoin market is anything like big enough for these big players in terms of going long. It's tiny and would be very difficult to build significant long positions without massively impacting the price.

For me it's way more likely we are going to see some massive shorting going on and a big flush end of December. I really fear for this market which is one of the few free markets left at the moment. I can almost hear them sharpening their knives at the prospect of crashing BTC and then buying in at drastically lower prices.

Does anyone else here share my reservations? I'm from a precious metals investing background previously and switched mostly to crypto's this year. Precious metals markets in particular have been ruined by the future's markets with "paper" gold and silver contracts used to manipulate and control price.

This ability to create almost unlimited supply of a commodity or in this case Bitcoin worries me massively.

One of the best things about BTC currently is that its supply is limited and if you want to buy one or part of one you have to pay a price high enough to encourage a seller to sell to you. If you want tot to sell you have to own BTC.

These futures contracts are going to mean entities with big profits can create fake "paper" BTC supply out of thin air to push the market around.

The BTC market is tiny compared to the other more mature markets out there and I'm worried they are going to use this as an opportunity to massively short BTC and crash the market before going long and profiting (potentially rinse and repeat). If the banks get involved it could even potentially be used as part of a long term price suppression scheme to discourage people from buying BTC. Similar to what is going on in the silver market in particular.

I'm not saying this will definitely happen I'm just laying out my worries. I will probably be hedging by going part cash and maybe continuing to buy BCH which I'm gradually becoming more convinced is the real Bitcoin - but that's another topic entirely.

Anyone else very worried by this? Just think how many speculators out there are buying BTC now because of this news. It would be very easy to flush these people out (weak hands) and create a panic if you had big enough pockets and were willing to short BTC to the point where you create an all out dump.

https://www.c[Suspicious link removed]m/2017/12/01/cme-says-its-launching-bitcoin-futures-on-dec-18.html