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Author Topic: Will Bitcoin hit $8k in December due to CME  (Read 1275 times)
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November 19, 2017, 02:06:05 PM
 #61

If they can pause the market for whatever reason, what other tools do they have to control the market?

Considering the frequent volatility, and then also taking the intensity of the volatility in mind, one doesn't need to be a rocket scientist to see that they will halt their market on a very frequent basis. Cheesy It will not have an impact on this market since all their Bitcoin related financial instruments they use are tied to the rates of the higher tier Bitcoin exchanges. In other words, our exchanges will still be the main cause of CME temporarily halting their markets. But before everyone starts worrying about what might or might now happen, let them first get their approval, because if that isn't the case, there will be no CME involvement in Bitcoin.

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November 19, 2017, 02:38:03 PM
 #62

Any guesses as to whether BTC can make another run during the 2nd week of December when CME is slated to go 'live' with the futures trading?

Seems like they've firmed the date up:

https://www.cryptocoinsnews.com/not-going-to-let-it-go-to-zero-cme-chief-downplays-fears-ahead-of-december-bitcoin-futures-launch/

Hopefully BTC will start another nice run and get out of the doldrums created by Ver and his gang.
After looking at the rising market of bitcoin it seems clear that it will easily go up and could easily reach 8000$ by 2nd week of december. But this extreme raise in price in a very short time conveys that bitcoin is becoming more volatile than before and could drop at any time.

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November 19, 2017, 02:41:55 PM
 #63

If they can pause the market for whatever reason, what other tools do they have to control the market?

Considering the frequent volatility, and then also taking the intensity of the volatility in mind, one doesn't need to be a rocket scientist to see that they will halt their market on a very frequent basis. Cheesy

He did say they would tame Bitcoin.

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But before everyone starts worrying about what might or might now happen, let them first get their approval, because if that isn't the case, there will be no CME involvement in Bitcoin.

Who needs whose approval?

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November 19, 2017, 02:48:29 PM
 #64

I'm not sure that CME will affect Bitcoin, namely CME makes Bitcoin price increases. however Bitcoin will hitting $ 8000 in December is quite possible
This recovery phase is quite robust


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November 19, 2017, 09:53:02 PM
 #65

Who needs whose approval?

CME needs approval from CFTC (Commodity Futures Trading Commission) if they want to actually offer Bitcoin centered future trading. It's basically the same as how things were with the previous ETF's - these financial products need regulatory approval. Good thing is that we will likely see them approve or reject their plans before the end of this year. In a perfect situation, institutions will be able to jump into this market this year, or ultimately, somewhere in the first month of 2018. If the market is indeed increasing due to CME, we will likely face a dump after rejection, so it will be interesting to see how things will play out.

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November 19, 2017, 11:11:13 PM
 #66

Any guesses as to whether BTC can make another run during the 2nd week of December when CME is slated to go 'live' with the futures trading?

Seems like they've firmed the date up:

https://www.cryptocoinsnews.com/not-going-to-let-it-go-to-zero-cme-chief-downplays-fears-ahead-of-december-bitcoin-futures-launch/

Hopefully BTC will start another nice run and get out of the doldrums created by Ver and his gang.
Op, your prediction happen was too small for Bitcoin price movement. What we are currently talking about is $10,000 before end of December this year for $8000 resistance was break today despite the fact that it later decline below the height of  $8000 there full hope reaching  $10,000 before end of December this year.

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