simonn (OP)
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December 05, 2017, 06:50:08 PM |
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Simple question. Do you think bitcoin price will rise or fall first week after they start bitcoin futures (betting on btc)?
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simonn (OP)
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December 06, 2017, 11:04:13 AM |
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No one can tell anything about it?
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Lmaooo
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December 06, 2017, 11:16:11 AM |
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Simple question. Do you think bitcoin price will rise or fall first week after they start bitcoin futures (betting on btc)?
Bitcoin price will go up this December no doubt because there are several great developments for bitcoin community. Lots of hedge funds and the world's biggest exchange options such as CME and CBOE will launch bitcoin futures this December.
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cluend
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December 06, 2017, 03:33:54 PM |
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Simple question. Do you think bitcoin price will rise or fall first week after they start bitcoin futures (betting on btc)?
10 December huge crash will make bitcoin price back to 10,000$ this news what i hope to be
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coolcountry
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December 06, 2017, 06:24:23 PM |
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No one can know for sure, but it looks like the price is going to go up. Bitcoin futures mean big money will start coming in, which will help legitimize and stabilize the currency. This will probably mean that we won't see wild, sudden increases like we have seen a few times so far, but I don't think that is necessarily a bad thing.
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p2pFuture2
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December 06, 2017, 06:34:00 PM |
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It is very difficult to predict because its price may fall or rice as it is uncertain. But it can be said that it will go for long.
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MotulDiesel
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December 06, 2017, 06:45:23 PM |
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Bitcoin will price up in the end of this year for sure. This event just make bitcoin become more legit and trusted. In the beginning of next year, bitcoi will be more stable and may be decrease the price but for this year, increasing is what bitcoin do !
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Bytem3
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December 06, 2017, 06:46:11 PM |
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It can go either way. In case it drops it can drop like 30-40% max but will recover quickly.
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semobo
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December 06, 2017, 06:49:54 PM |
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If we want to know exactly whats is going to happen after December 10 we have to wait and see.But I think the price will continue to rise upto $15K no matter about the date and it will face a price dump or correction but we can't say the bitcoin price will crash.
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DBerendey
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December 06, 2017, 07:13:39 PM |
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Bitcoin now is a big community and it can't be crushed. There might be some corrections, but after of course it will go up and up)
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tora
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December 06, 2017, 07:16:41 PM |
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Once the financial companies get involved in bitcoin they will control the price as they do with shares,gold and fiat.
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nexus2k14
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December 06, 2017, 07:28:20 PM |
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CME Group will start trading Bitcoin on 10th December 2017 and one week later on 18th December 2017 Bitcoin will start trading on WallStreet! It's no surprise that price surged so quickly right now just before the end of the year. For many investors that never had a chance to buy Bitcoin from various reason (failed to trust, know very little about it or simply didn't know how to do it) now will be able to buy. Once Bitcoin goes to the main stream stock markets price will rise even further. If Bitcoin crash it will be the only chance to buy cheap before rising even higher! All signs on sky shows that Bitcoin will be soon 15.000$
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darkangel11
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December 06, 2017, 07:30:52 PM |
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Simple question. Do you think bitcoin price will rise or fall first week after they start bitcoin futures (betting on btc)?
AFAIK the launch was postponed and is going to take place at the 18th. The first information about it launching in the second week of December was supposedly fake. At least it is so according to this article on CNBC https://www.cnbc.com/2017/12/01/cme-says-its-launching-bitcoin-futures-on-dec-18.htmlThe price should go up as people will have to first buy to be able to sell later. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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alyssa85
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December 06, 2017, 09:06:24 PM |
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I think lots of people will be trying to short bitcoin using futures - but because that is a cash settled market, it shouldn't have an effect on the underlying asset. Unless some people have loaded up on bitcoins to sell on the bitcoin exchanges at the same time as they arrange the shorts.
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nikauforest
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December 06, 2017, 09:25:08 PM |
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It is really hard to tell.
On the one hand the CME futures are just a bet on direction with no delivery mechanism. So essentially disconnected from the freely traded price of Bitcoin.
On the other hand if I was someone like Jamie Dinasaur, here is what I would try and do: 1) Announce Bitcoin was a scam in preparation of buying up as much as I could. 2) Become involved in the CME futures when launched. Build up a large outrageous short position (with unlimited fiat available). 3) Simultaneously sell large numbers of Bitcoin on exchanges like Bitstamp and Bitfinex( that were accumulated from 5k up), while slamming on more shorts in the CME. 4) Make most of your money causing a panic via the CME futures and simultaneous sells of BTC. 5) Buy back cheap bitcoins on exchanges and cover shorts on the CME. 6) Have coordinated media denouncing Bitcoin. etc.. Wash rinse and repeat.
I hope they are not able to do this! But this may be a trick they will try. With the CME totally disconnected from the real price if they want to manipulate Bitcoin they will also need to use "some" real coins to paint the tape.
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NUFCrichard
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December 06, 2017, 09:30:12 PM |
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My only experience of futures are with precious metals. It is generally considered to be a bad thing that people can trade paper Gold and Silver, as they can sell without buying.
At the moment people have to loan out Bitcoin to sell it, in the future that won't be the case. I expect a short term influx of money, but long term it probably won't be great for Bitcoin.
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nikauforest
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December 06, 2017, 09:45:39 PM |
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Yea, I agree , I do not see the CME futures trading a good thing. ( At least in its current form )
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namjar
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December 06, 2017, 11:09:43 PM |
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I agree with you. All signs on sky shows that Bitcoin will be soon 15.000$
Why are you all talking about that a new crash is coming? I dont see any crash coming, and if you are talking because you are comparing this to the previous crash of 2013, then you are out of mind. That situation is not going to happen again, and the CME is not going to be able to manipulate the price because they are not going to put billions in there. The only ones who are able to manipulate the price are the miners and the real big whales (who are holding more than one million of coins or so)
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andrei56
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December 07, 2017, 02:14:19 AM |
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No one can know for sure, but it looks like the price is going to go up. Bitcoin futures mean big money will start coming in, which will help legitimize and stabilize the currency. This will probably mean that we won't see wild, sudden increases like we have seen a few times so far, but I don't think that is necessarily a bad thing.
This is not correct, a big influx of money is not going to stabilize bitcoin in fact it is the opposite, if a few tens of billions of dollars entered the market of crypto that does not meant the value of bitcoin will grow that much in fact since the supply is limited it is likely the market cap of bitcoin will go up a hundred billion in market cap.
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