So Bitcoin will be tradable in wall street? Can the big guys take it down?

[jsawyy]

Hi
Many questions but it is to explain the thing, please get the global idea :-)
CME will offer trading futures for Bitcoin. What if big guys short it massively?
Would this bring the Bitcoin down? So in this case THEY decide to short Bitcoins they don't have and WE pay (as our real, owned Bitcoin goes down)?
In fact, if they short massively, finally, who sell them their Bitcoin at this low price?
When they short bitcoin on this (more virtual than ours) market, does it really affect our market, does it finally goes to Bitcoin exchanges, then, indeed, down the price much?
Or is it a virtual game?
Maybe potential difference in price can be lowered by arbitrage systems?
BTW, isn't virtual Bitcoin as you can long and short it without owning, already tradable at many regulated Forex brokers so is that such a big news, finally?

Or maybe they will go short and price will still go so high they have margin calls... :-)

Those who know, please explain a bit...

(and yes they can also buy more and make the price up, then sell for some down, and make money...)

Thank you.

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[davis196]

Bitcoin is NOT tradeable in Wall Street.Bitcoin futures are not traded in Wall Street,there`s a different market for futures.If the CME has approved the bitcoin futures trading that means that the bitcoin price can`t be manipulated by the big players.If there was a possibility for a price manipulation,the btc futures trading should be cancelled.All the traders inside the market have to unite in order to push the price down or up,and i don`t think this is possible.

[HabBear]

Bitcoin is NOT tradeable in Wall Street.Bitcoin futures are not traded in Wall Street,there`s a different market for futures.

This needs to be quoted because everyone needs to read it again.

What the CME move does do is require investment firms to buy Bitcoin to hold on hand as reserves to back the futures positions they sell to their clients. This has an amazing effect because these firms need to buy and HODL their bitcoin! We benefit from the wall street speculation but don't have to deal with the price swings the speculation brings!

[janelleshepard]

Wall street is a place for brokers who are trading stocks. So actually crypto currency is competing with stocks in the market. So wall street brokers won't let cryptocurrency join in the game.

[TwSeventh]

Wall street is a place for brokers who are trading stocks. So actually crypto currency is competing with stocks in the market. So wall street brokers won't let cryptocurrency join in the game.

but they're giving us a promise about their listing,
even though we can treat it as a joke,but they should not doing it for a joke right ?
it will affect their name and their reputation.
in my opinion i believe they will list it in there,the only problem that Bitcoin will face is the traders would start to press it in there.
but take it down ? i do not believe it,it's far from enough to do that also it's only a futures.

[hahahafr]

where did you see that it was going to be tradeable on wall street? the whole futures thing doesnt mean that it will be tradeable in there, well, everybody can trade with it if it gets listed on the futures list.
but why are you worrying about? if it happens, then the price will go up like hell.
But of course that they will have more power over bitcoin because they are going to be able to pump and dump the price in a lot of situations, they would be one of the most important manipulators of the whole market, and this is risky.
But it is a nice opportunity to see bitcoin going up again, i dont know why are you worried about it.

[South Park]

Hi
Many questions but it is to explain the thing, please get the global idea :-)
CME will offer trading futures for Bitcoin. What if big guys short it massively?
Would this bring the Bitcoin down? So in this case THEY decide to short Bitcoins they don't have and WE pay (as our real, owned Bitcoin goes down)?
In fact, if they short massively, finally, who sell them their Bitcoin at this low price?
When they short bitcoin on this (more virtual than ours) market, does it really affect our market, does it finally goes to Bitcoin exchanges, then, indeed, down the price much?
Or is it a virtual game?
Maybe potential difference in price can be lowered by arbitrage systems?
BTW, isn't virtual Bitcoin as you can long and short it without owning, already tradable at many regulated Forex brokers so is that such a big news, finally?

Or maybe they will go short and price will still go so high they have margin calls... :-)

Those who know, please explain a bit...

(and yes they can also buy more and make the price up, then sell for some down, and make money...)

Thank you.

I do not think it is their intention to bring bitcoin down, they are just a bunch of greedy investors so they want to make money, what I think it is going to happen is that in the next years bitcoin is going to be inflated away so be ready when the price becomes ridiculous to get out of bitcoin and enjoy your profits.