will a bitcoin market controlled by futures drive traders to alts?

[European Central Bank]

no one knows what effect futures will have, but is it possible that it turns bitcoin into a completely separate market?

traders love volatility. they also love pumping and dumping. if wall st has more control over the price, though i've no idea if they will, will more traders migrate to alts where they have more control over the market?

eventually the bigger alts will get similar set ups in which case i'm wondering whether they diverge from alts without wall street screwiness too. what do you think?

[bob3772]

no one knows what effect futures will have, but is it possible that it turns bitcoin into a completely separate market?

traders love volatility. they also love pumping and dumping. if wall st has more control over the price, though i've no idea if they will, will more traders migrate to alts where they have more control over the market?

eventually the bigger alts will get similar set ups in which case i'm wondering whether they diverge from alts without wall street screwiness too. what do you think?

I'm not entirely sure the effect futures will have on the market but I wouldn't be surprised to bring a bit of stability long term which while it could be considered a good thing it will certainly have an effect as you described. Many will not be content with smaller returns each month or year and will look to alt coins in order to gain the similar returns as they were gaining previously.

[Imfinnabeon]

I thought all along that there the futures market and the crypto market would be two separate entities that don't involve each other directly. However, despite that the bitcoin futures would indicate how much the bitcoin the sharks want and I think that would be a good indication to others how much Bitcoin should be worth. Needless to say I don't think it is going to hurt price action the only question is after this correction will bitcoin stabilize finally above 20-25k?

[bob3772]

I thought all along that there the futures market and the crypto market would be two separate entities that don't involve each other directly. However, despite that the bitcoin futures would indicate how much the bitcoin the sharks want and I think that would be a good indication to others how much Bitcoin should be worth. Needless to say I don't think it is going to hurt price action the only question is after this correction will bitcoin stabilize finally above 20-25k?

While they don't involve each other directly and in fact they never have to interact whatsoever, there has to be some sort of link between them, some sort of self fulfilling prophecy if you will? I think we will definitely see bitcoin above 20k and not before too long, will it be stable there? Probably not! Bitcoin hasn't been stable for more than a few days for a long while!

[xIIImaL]

no one knows what effect futures will have, but is it possible that it turns bitcoin into a completely separate market?

traders love volatility. they also love pumping and dumping. if wall st has more control over the price, though i've no idea if they will, will more traders migrate to alts where they have more control over the market?

eventually the bigger alts will get similar set ups in which case i'm wondering whether they diverge from alts without wall street screwiness too. what do you think?

Already bitcoin is separate market. In any trading you see most of currency can be exchange to the btc only. Most second coin would be the ethereum other than these coins None of the other coins will not be like bitcoins been in trading site.
I see some altcoins also grabbing the place in top lisr. When they are seems like cheap price coins. Still they show the grwoth better than other currencies you can find iota, neo, steller and waves are shows the better growth in the market.