[2018-09-02] Ether Futures May Be Bad for the Crypto but Good for Bitcoin

[Thekool1s]

From the article: "Tom Lee, the co-founder of Fundstrat Global Advisors and a well-known bitcoin bull, has recently revealed he believes ether futures may be bad for the cryptocurrency, and good for bitcoin."

Link: https://www.cryptoglobe.com/latest/2018/09/ether-futures-may-be-bad-for-the-cryptocurrency-says-wall-street-analyst-tom-lee/


He is a BTCeliever!  

[1Referee]

Tom Lee needs to calm down.

The fact that he blames the futures for Bitcoin's post bull run correction just shows how little he understands of this market. The only reason the shorts at that point accumulated was because everyone with common sense sold the news, plus there is enough historical evidence that the first months of each year have proven to be one of the worst for Bitcoin, which contributes to selling pressure as well.

Ether futures will become a failure with next to no demand. I highly doubt that we'll see the price move, especially with how the myth that huge loads of institutional capital will enter the market through futures has been debunked.

[Thekool1s]

Tom Lee needs to calm down.

Lol, I am afraid it's too late for that... 

The fact that he blames the futures for Bitcoin's post bull run correction just shows how little he understands of this market. The only reason the shorts at that point accumulated was because everyone with common sense sold the news, plus there is enough historical evidence that the first months of each year have proven to be one of the worst for Bitcoin, which contributes to selling pressure as well.

Exactly, But apparently, he is a 'Wall St Analyst" xD. Don't know how he got that title. He must sound like a troll to the 'conventional' investors.

Ether futures will become a failure with next to no demand. I highly doubt that we'll see the price move, especially with how the myth that huge loads of institutional capital will enter the market through futures has been debunked.

Agreed!