No, it is just FOMO, no one wants to stay out from this incredible opportunity to earn easy money, that is why "everybody" is trying to join as fast as they can.


And the CME futures are coming by monday, that is why there is + volume than usual.

But yes $2000 is nothing compared to how it growth during the last week (from $12000 to $16000 in a day and a half)

Trying to work through the options whats yours ?

H

What do you think the CME will result in, in regards to price, in the short term after launch? Will ‘smart money’ try to push down prices with heavy short positions, or vice verca? What is your opinion?

and now be the time of sale. btc prices have risen to $ 18k and that is probably the ceiling. I think so. I think we should sell btc now and wait until the next slight downtrend to buy.

From the very onset, I believed that the introduction of CME futures would undoubtedly be a good thing for bitcoin. The inflow of institutional cash would surely push the prices to new records.

However, recently a thought crossed my mind... Is it possible that futures would be used by banks to suppress the prices instead, in much the same way the prices for gold and silver are being suppressed right now? And if so, what could be their motivation behind it?

Could this be some futile effort to discredit Bitcoin and drive attention away from it? But the thing is that I don't believe Bitcoin itself possess any threat to the financial system. Transactions are too slow, costly and the network cannot support nearly enough transactions to allow for real world business applications. The blockchain technology behind bitcoin is a totally different story though. THIS is the big disruptor to the financial system, and there is no stopping it with any form of market manipulation.

So my thoughts are mixed on this. In the short run I believe the inflow of institutional cash could push prices higher. In the long-run though I suspect there may be attempts to suppress the prices... to what end I am not quite sure.

What do you think?

You need to buy you will know the prices it ya important for the process. If need buy you check the prices in the low the you will buy it ya beater to way for the  processing and you need to sell bitcoin you check the prices increasing you sell it ya get the more profit of the gaining. It need growth for your future life.  

Well the repercussions are clearly shown in terms of the price of bitcoin. Too much hype, which is causing literally everyone to call bitcoin to be a bubble, just like the real estate bubble back in the day. Stupid people want to pump the price so badly, gain the attention and boom ruin the whole thing after some time. Don't want stock market to come play with bitcoin now, seriously. The crypto world is much better without the likes of them. But fucking no one can do anything 'bout it. 

There are actually two options in managing your Bitcoin portfolio. Others do not just hold their Bitcoin investments all the time. They will hold them while the price is increasing but when they foresee some dipping in price because of correction or certain news that will definitely negatively affect Bitcoin's price, they will immediately pull them out. Some others however are pure hodlers that will not mind the market fluctuations of Bitcoin's price.

correction is expected to be honest because of this crazy run,
we may be can see a huge run that will happen in the future but at the same time we may be can see a sustainable pump.
why ? because if we're succesfully get listed on CME group's futures later on and get a positive feedback from people,
it has a possibility that in Q1 2018 there will be another listing that will happen with it,because i heard rumour about that kind of activity again.
but what happen if the downrun is running while there're no sign of comeback ?
every altcoin will be get pumped absolutely because people nature's.
people will not sit and do nothing while they can make a money by pumping the altcoin.
of course the pump will be arranged from the top one to the shit one.

Agreed. We should look after Dec 18. Bitcoin has been consistently settling around $16K-$17K lately after CBOE bitcoin future contracts. So it would be really interesting to see if this can be maintained after Dec 18 or a price correction or even crash will happened. Let's see how it goes.

But personally, I think that all this futures contracts seems to lessen the volatility of the market. If you have noticed it. lately there's no wild price swings, it will always stays at the range of $16K-$17K at the end of the day. So me thinks that this is cause by those financial institutions getting into bitcoin now.

Hi, guys! Am I right that CBOE futures holder can not receive real bitcoins due to contract's conditions?

Bitcoin value are closed to $10,000 do you still doubt that bitcoin have no future? Once in my life I never see any reason to stop trusting bitcoin, because it was give me income so I see that all users of bitcoin have a bright future thru help of this crypto currency.

One week is too short mate and maybe price will be more fluctuating for few days. Its suggested that holding can take longer time of patience so that won't regreat that decisions of early selling. Wait for that moment of price to surge back to higher value so that you will benefit the good price and earn good profit.