Everyone wants to be in Bitcoin when it hits the exchange

[bmurph]

This is my theory. Investors are selling their Alt coins to buy Bitcoins so they can have it when it hit the 2 mainstream exchanges on the 10th and 18th. After the mainstream pushes Bitcoin way up to 50k or 100k, they will sell with huge profits, and go back into Alt coins making a great altcoin rally but mostly only the few best alt coins.

[no0dlepunk]

50k what? USD? that amount is huge, man! How did you come up with that theory, anyway?

Here is what I think, bitcoin will probably stabilize around 20,000 next year and then Alt Coins will rally. There would be another news coming by mid year and then BTC will pump again leaving altcoins bloody. And then repeat by 2019.

What do you think?

[baradfo]

This is a good theory, though something that you would have to consider is when Bitcoin goes into the futures markets that the traders would be making money on the dip as the dip is happening as well. And there will be a dip for that reason, how much is to be seen. I don't think that the price of Bitcoin will go up as dramatically as you predict before the big dip/correction in the market but I do believe that it will happen shortly after the 18th.

[iamTom123]

This is my theory. Investors are selling their Alt coins to buy Bitcoins so they can have it when it hit the 2 mainstream exchanges on the 10th and 18th. After the mainstream pushes Bitcoin way up to 50k or 100k, they will sell with huge profits, and go back into Alt coins making a great altcoin rally but mostly only the few best alt coins.

You must be talking about the Bitcoin Futures to be introduced by two big exchanges one on the 10th and the other on the 18th. Yes, this introduction of the futures can be the big catalyst for the continuing pump of Bitcoin which I think is now eyeing the $15,000 mark. What can happen after the 18th is something we should be watching. Will there be a dumping after that date or will there be more interest for Bitcoin due to the positive news generated out of the successful futures opening? Bitcoin has the capacity to defy analysis and we don't know for sure if this time it can behave on the same pattern. Right now, am so happy with its already astronomical rate but I understand that generally the sentiment of the market is going upwards as we are about to enter the new year. Traditionally, the holiday season or the days leading to Christmas is not a pumping period because there are those who might convert their Bitcoin into fiat cash for consumption purposes but this time Bitcoin has defied the common assumption -- is it because of the pull of speculations?

[Laland]

I think it would be the other wise, when bitcoin increases, some altcoins are affected, so it could be a multi proft if you invest in those altcoins that has bases their increase on bitcoin. Because their are altcoins that could decrease even if the bitcoin increase. The issue now would be the surge of bitcoin investors. After it hits 10K iim gonna say their a lot of news coming out on our local news.

[jseverson]

By exchange, do you mean Bitcoin futures? I don't know. You're obviously on the side of the camp that thinks Bitcoin will rally furiously once they are made available, but it seems to be a hotly debated topic. I'm no expert on economics and trading, but I find that both sides have a point. I personally believe it's good for Bitcoin both short term and long term, and if that were true, then what you're saying is correct. Like upcoming Bitcoin forks, people are betting their altcoins on an expected bull run, and will pull out just before it ends. I personally would rather sit and wait though. I would rather be wary because Wall Street is involved.

I think it would be the other wise, when bitcoin increases, some altcoins are affected, so it could be a multi proft if you invest in those altcoins that has bases their increase on bitcoin. Because their are altcoins that could decrease even if the bitcoin increase. The issue now would be the surge of bitcoin investors. After it hits 10K iim gonna say their a lot of news coming out on our local news.

It has already reached 10k. It's at USD 13k and EUR 11k.

[bmurph]

50k what? USD? that amount is huge, man! How did you come up with that theory, anyway?

Here is what I think, bitcoin will probably stabilize around 20,000 next year and then Alt Coins will rally. There would be another news coming by mid year and then BTC will pump again leaving altcoins bloody. And then repeat by 2019.

What do you think?

https://www.c[Suspicious link removed]m/2017/12/01/james-altuchers-bitcoin-predictions.html

https://comparesilverprices.com/metals/bitcoin-price-one-million-dollars/

50k in a few weeks isn't extreme. Many smart experts are saying bitcoin could easily hit $1,000,000,000 in a few years. The other experts who compare it to tulip bulb mania are just showing their lack of understanding, tulip bulbs are a plant their supply can very quickly explode, Bitcoin has a max supply. Also when they compare it to stock market bubbles, well, as many people don't know, new stocks are also issued.

[bmurph]

I think it would be the other wise, when bitcoin increases, some altcoins are affected, so it could be a multi proft if you invest in those altcoins that has bases their increase on bitcoin. Because their are altcoins that could decrease even if the bitcoin increase. The issue now would be the surge of bitcoin investors. After it hits 10K iim gonna say their a lot of news coming out on our local news.

Bitcoin and alt coins usually move together, because new people are coming into crypto's. But in this situation the traders that are already in crypto's are seeing Bitcoin as bringing in many more.

I am on 3 exchanges an am still having trouble buying Bitcoin, and am lazy to move coins around to other exchanges, I need time to do research also. 99.5% of people are busy doing other things, or have trust issues. 99.99% of people don't what money really is or how banks work.

[Kakmakr]

What two big exchanges are you talking about? If you think that the CME Group futures will cause such a spike to $50 000, then you are wrong. The futures will have a speculative impact, but nothing like $50 000 per bitcoin. We have to be realistic when we make assumptions like this, because people's life savings are on the line here. <some crazy people will invest all their money into bitcoins>

If Bitcoin ETF's gets approved, then we might see $50 000 for a while. ^smile^

[Miles123]

Everyone is convince that they can get a big money here or invest here so that there company will be improve because they a big income or savings for the costumer. Bitcoin can help us individually and sustain our daily needs or help us in our financial problem.

[Realist247]

This is my theory. Investors are selling their Alt coins to buy Bitcoins so they can have it when it hit the 2 mainstream exchanges on the 10th and 18th. After the mainstream pushes Bitcoin way up to 50k or 100k, they will sell with huge profits, and go back into Alt coins making a great altcoin rally but mostly only the few best alt coins.

Most people that are waiting for the futures markets to open are planning to short BTC and drive the price down.  I don't know where so many of you get the idea that futures markets will drive the price up.  Actually I do...but I'll keep it to myself.  One of the reason that the price is so high is because there is no real or widespread mechanism to short, especially on trusted exchanges like the CME.

[A1exander]

50k what? USD? that amount is huge, man! How did you come up with that theory, anyway?

Here is what I think, bitcoin will probably stabilize around 20,000 next year and then Alt Coins will rally. There would be another news coming by mid year and then BTC will pump again leaving altcoins bloody. And then repeat by 2019.

What do you think?

Seems a reasonable scenario to me. Uninterrupted rise to $50k immediately after this year's 10x increase is unlikely.

[Herbert2020]

This is my theory. Investors are selling their Alt coins to buy Bitcoins so they can have it when it hit the 2 mainstream exchanges on the 10th and 18th. After the mainstream pushes Bitcoin way up to 50k or 100k, they will sell with huge profits, and go back into Alt coins making a great altcoin rally but mostly only the few best alt coins.

those who want to trade altcoins are already trading. they don't just leave altcoins because bitcoin is rising.
how much did bitcoin rise in past 24 hours? 10%? 20%? that is pathetic compared to the rise of altcoins. for example checking the coinmarketcap.com you can see Decentraland (MANA) has gone up nearly 200% in 24 hours. TRON (TRX) has gone up nearly 130% in 24 hours and lots more every day.

the trading funds of real traders will always remain in the altcoin market and just goes from one altcoin to another. only the bag holders and newbies who buy on top and lose money sell when bitcoin is rising and go back when altcoins have already pumped and are in bubbles.

[bmurph]

This is my theory. Investors are selling their Alt coins to buy Bitcoins so they can have it when it hit the 2 mainstream exchanges on the 10th and 18th. After the mainstream pushes Bitcoin way up to 50k or 100k, they will sell with huge profits, and go back into Alt coins making a great altcoin rally but mostly only the few best alt coins.

Most people that are waiting for the futures markets to open are planning to short BTC and drive the price down.  I don't know where so many of you get the idea that futures markets will drive the price up.  Actually I do...but I'll keep it to myself.  One of the reason that the price is so high is because there is no real or widespread mechanism to short, especially on trusted exchanges like the CME.

Who's going to lend their bitcoin to the shorters. Retail investors don't have the means to do that, unless schemes like bitconnect are.

[Shreek]

what if your theory fails? because to reach the bourse is not easy and takes a long time, especially if altcoin is not good, whether to reach 2 main exchanges on the 10th and 18th it can be done? consider the challenges and constraints before doing. and certainly to predict the best altcoin is also difficult.

[Realist247]

This is my theory. Investors are selling their Alt coins to buy Bitcoins so they can have it when it hit the 2 mainstream exchanges on the 10th and 18th. After the mainstream pushes Bitcoin way up to 50k or 100k, they will sell with huge profits, and go back into Alt coins making a great altcoin rally but mostly only the few best alt coins.

Most people that are waiting for the futures markets to open are planning to short BTC and drive the price down.  I don't know where so many of you get the idea that futures markets will drive the price up.  Actually I do...but I'll keep it to myself.  One of the reason that the price is so high is because there is no real or widespread mechanism to short, especially on trusted exchanges like the CME.

Who's going to lend their bitcoin to the shorters. Retail investors don't have the means to do that, unless schemes like bitconnect are.

If gold can be shorted in the way that it has been done for decades (in a completely fraudulent manner) the same can be done with BTC.  Everyone that knows how the futures markets works knows that these are paper markets and the ability to actually take delivery is impossible.  This is why derivatives are understood by so few...gotta love that logic.  I know that the HODL community doesn't like it, but they are going to have to accept the same accountability (none) that exists (or doesn't exist) in the precious metals markets.

[ELEL_ELEL]

This is my theory. Investors are selling their Alt coins to buy Bitcoins so they can have it when it hit the 2 mainstream exchanges on the 10th and 18th. After the mainstream pushes Bitcoin way up to 50k or 100k, they will sell with huge profits, and go back into Alt coins making a great altcoin rally but mostly only the few best alt coins.

Yes of course everyone wants to be in bitcoin now especially now Price is getting higher and higher.Just like mess a newbie l want to have bitcoin too that someday I'll hit the price too so that l could trade to be rich also like bitcoiners now. Especially my brother is my inspiration to pursue myself to join here.

[fanbeila]

On friday,US regulators finally gave approval for bitcoin derivatives to be traded on two regulated exchanges CME and CBOE.This approval has opened bitcoin trading to large number of investors who had been unwilling to buy bitcoins on other exchanges.

Its expected that bitcoin price would reach very high peaks during that time and for that reason,many have started to buy bitcoins.

[Realist247]

On friday,US regulators finally gave approval for bitcoin derivatives to be traded on two regulated exchanges CME and CBOE.This approval has opened bitcoin trading to large number of investors who had been unwilling to buy bitcoins on other exchanges.

Its expected that bitcoin price would reach very high peaks during that time and for that reason,many have started to buy bitcoins.

Futures markets exist to hedge a price.  Seeing as how basically the entire cryptocurrency world is "long" in their position, the most logical outcome is for them to take short futures and put options to "lock in" their gains rather than face volatility.

Example:  You are a whale with $250,000,000 in BTC at near $15,000.  You then go over to the futures market and put in short positions for the same $250,000,000.  The price falls.  You take your profits from the short sale, turn around and buy more physical BTC...or another alt coin.

Again, I do not understand the logic of people that believe that opening the CME for BTC trading means rising prices.  They obviously don't know the mentality of veteran traders that are quicker to go short than they are to go long.

[enwi]

This is my theory. Investors are selling their Alt coins to buy Bitcoins so they can have it when it hit the 2 mainstream exchanges on the 10th and 18th. After the mainstream pushes Bitcoin way up to 50k or 100k, they will sell with huge profits, and go back into Alt coins making a great altcoin rally but mostly only the few best alt coins.

yeah, with bitcoin prices like now it certainly makes them interested to move to bitcoin and try to get profit here