Bitcoin Futures Sparks Fears For Financial Crisis

[Theb]

If people from wall street will finally join the market for Bitcoin trading expect a lot of volatility in the future at higher prices. These Investment Bankers and Big Traders really will have the big guns in their arsenal in their attempt to get as much as control of all of the supply of Bitcoin in the market, it will be more crazy and the price increases and price drops will be bigger if these happen. With that being said it will be impossible for Bitcoin to become a popular currency or payment method in the world because of its unstable prices.

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[xdrpx]

If a potential emergence of a Bitcoin ETF is what worries people, then they're thinking too narrow. Most of these people aren't aware of the amount of investment going into Bitcoin, and since reduction of risk is what they are look for shouldn't they already know that more the people invest in Bitcoin, the overall volatility reduces (We've seen that Bitcoins price has been far less volatile than its historical prices few years ago) thus also reducing risk. There shouldn't be any financial crisis considering Bitcoin's price being inflationary in nature. Also, those investors with deep pockets who have invested into cryptocurrencies have already smartly diversified their portfolios to reduce the risk. Also, with ETF's the risks are further dropped down cause holders of the asset own certain percentage of shares in them, and don't really directly own the asset. This way with many shareholders once again the risk is diversified.

Also just to add to note, if they speculate that Bitcoin futures would increase the price of Bitcoins by year end (FYI Bitcoin's price has already surpassed the amount mentioned there and has increase because of people investing into Bitcoins cause of the 2x agenda) they should also be taking into factor the short term price risk because of the 2x hard fork, if unless we get lucky again and the price goes up.

[Paecga129]

This is a great thing for the Bitcoin network as the money that will be coming in can only affect the market so much. Over half of the bitcoins have already been distributed and the majority of people that have them are holding them for the future. This is why no matter how much money comes in they cannot tamper with the system. It will only make Bitcoin more desirable.

[Erkallys]

The CME -Bitcoin futures in my opinion, is just a way of big whales to get the money of the traders around the world, they are just showing it like "hey this is Bitcoin , people approve it and you can earn money here invest now", There is a big risk here and that is the money flowing in the exchanges that will be opened to all people around the World. This big whales are experienced trader and their stock trading skills will help them to manipulate Biutcoin's price.

I agree with you, that opens the doors to Bitcoin price manipulation. But still, does it change anything from current situation ? The price of all the crypto-currencies is manipulated, and yet, are they for this reason failed experiments ? No. Now, probably the money for idiot wanabee traders will go to Wall Street bankers rather than to Chinese whales. And I think this is a good thing for all of us.

[FrueGreads]

The CME -Bitcoin futures in my opinion, is just a way of big whales to get the money of the traders around the world, they are just showing it like "hey this is Bitcoin , people approve it and you can earn money here invest now", There is a big risk here and that is the money flowing in the exchanges that will be opened to all people around the World. This big whales are experienced trader and their stock trading skills will help them to manipulate Biutcoin's price.

I agree with you, that opens the doors to Bitcoin price manipulation. But still, does it change anything from current situation ? The price of all the crypto-currencies is manipulated, and yet, are they for this reason failed experiments ? No. Now, probably the money for idiot wanabee traders will go to Wall Street bankers rather than to Chinese whales. And I think this is a good thing for all of us.

Yes that is true, but there is also the chance that they can destroy long term holders. The way I see it right now, is that if it suits them, they might try to simulate crashes of the coin, and they might even be able to crash it all together since the current liquidity is nothing compared to the money they actually have available. I just want BTC to succeed, and they just want to make profit. Since BTC price should be huge if it manages to get mass adoption and go for the long term, then maybe both goals can be aligned (profit vs real use). If this happens, then Wall Street entrance will be great for the coin, if they want different things, let's just hope that bitcoin proves again that is stable and no one can destroy it.

[jonatuzc]

If people from wall street will finally join the market for Bitcoin trading expect a lot of volatility in the future at higher prices. These Investment Bankers and Big Traders really will have the big guns in their arsenal in their attempt to get as much as control of all of the supply of Bitcoin in the market, it will be more crazy and the price increases and price drops will be bigger if these happen. With that being said it will be impossible for Bitcoin to become a popular currency or payment method in the world because of its unstable prices.

There are always doors for the side areas. And when someone wants to make a standardized losses and crises for bionic in international market then you are absolutely right. They have many ways with which they can turn the whole story. They become whales and then control over the market. They can’t control directly bitcoin, but the market will make price of bitcoin.

[BartS]

I really don't know what to say about this but I think wall street already experience many Financial Crisis ever since and I am scared about the fact that there would be a Cryptocurrencies Crisis in the future as everything is possible with digital or Fiat currency and there is an inevitable time that you can't dodge that incoming crisis.

Robert Kiyosaki already told that there is an another financial crisis in the near future and it is coming no matter how bad we don't want it.

Here is an article that Robert told about his predictions https://seekingalpha.com/article/3967094-robert-kiyosaki-biggest-stock-market-crash-history-coming-2016

Even though there is no major crash happened in 2016 but I think there is some delay in his prediction because I still feel the points of his statements that it will happen soon and after reading your post it really strengthen my belief.

Everyone with half a brain knows that a crash is coming the most important thing is what to do, what we can do to protect ourselves from that and while many suggest that we invest in gold and silver at the same time you can be sure that you are going to be taxed on your earnings claiming that is the fair thing to do that is why I prefer bitcoin, no one can take your bitcoin out of you and if you take the right steps you can hold bitcoin without anyone knowing you are holding it.

[ausbit]

This is a great thing for the Bitcoin network as the money that will be coming in can only affect the market so much. Over half of the bitcoins have already been distributed and the majority of people that have them are holding them for the future. This is why no matter how much money comes in they cannot tamper with the system. It will only make Bitcoin more desirable.

Yes the bitcoin is the different system then the other it has the own way and the rules if you will use the bitcoin at the rules and you will see how fast the bitcoin grow and the process of the bitcoin is not very tough as now all the people are taking the benefit from the bitcoin for the crises and this is the thin will give you the best benefit from the bitcoin at the low time and the income of the bitcoin will be more than this.

[ladydark]

Many felt happy since the bitcoin price reached $7500 immediately after CME announced that it would release bitcoin futures.They are just seeing its price increase.But here,bitcoin would be traded in contracts which is cash settled.here,there is no need to deliver immediately bitcoin and it could be given even at the expiry period.So,speculators could easily manipulate the market.It may lead to crisis which occurred in tulip which happened in the 1600s.

[Dodoymabs]

This is a great thing for the Bitcoin network as the money that will be coming in can only affect the market so much. Over half of the bitcoins have already been distributed and the majority of people that have them are holding them for the future. This is why no matter how much money comes in they cannot tamper with the system. It will only make Bitcoin more desirable.

Yes the bitcoin is the different system then the other it has the own way and the rules if you will use the bitcoin at the rules and you will see how fast the bitcoin grow and the process of the bitcoin is not very tough as now all the people are taking the benefit from the bitcoin for the crises and this is the thin will give you the best benefit from the bitcoin at the low time and the income of the bitcoin will be more than this.

Bitcoins futures really have many negative speculation due to very high level of currency. Many individuals worry about what will happen in bitcoin, but one thing for sure that bitcoin will never be going down. This report for financial crisis is due to the upgrading of bitcoin which means bitcoin will be divided into two. But currently, bitcoins community don't want this to happen.

[BartS]

If people from wall street will finally join the market for Bitcoin trading expect a lot of volatility in the future at higher prices. These Investment Bankers and Big Traders really will have the big guns in their arsenal in their attempt to get as much as control of all of the supply of Bitcoin in the market, it will be more crazy and the price increases and price drops will be bigger if these happen. With that being said it will be impossible for Bitcoin to become a popular currency or payment method in the world because of its unstable prices.

I do not think so, the reason why the price of bitcoin changes so dramatically has to do with the fact that is still tiny compared to the world economy, but once a significant amount of the world's money is riding on bitcoin, bitcoin is going to become more stable, however the period of transition between what we have now and that moment is going to be a period of big movements of the market but the direction is going to be mostly up so that it is going to benefit us in the long term.